Bitcoin Forum

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Average Joe which are people who have nine to five jobs, not earn a lot and can live comfortable without luxury, is definitely can become rich with Bitcoin.

They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

The problem is people who don't earn a lot are diversify their investment, when your capital is low, it's better for focus on one investment until it grow so much.

The common man fail to become successful with bitcoin investment because they continue listen to the media, believing influencers or top figures who knows nothing about bitcoin investment.

Thinking they already missed out on bitcoin investment and opt for altcoins
Following the misconception that they will get the next Shiba by investing in meme/shit coins.
Believing trading is more profitable and better than HODLing.
Having little or no knowledge about how to properly HODL. their bitcoin save.

Investing in bitcoin with almost everything they have without preparing emergency funds is wrong even if one as little to invest in Bitcoin, it is better to consider a time were they may be in need of funds and will not be thinking of selling their bitcoin at a lost or little profit, Investment in Bitcoin is done to HODL to your own investment goal and continously since it's currently the best store of value. Emergency funds is important and living life as a minimalist is also important for a common man to be successful in bitcoin investment

There is the problem right there.

Stop treating bitcoin as just an "investment", it is a peer to peer digital currency implementation that you're supposed to buy and sell with. We literally would not get to this point if people weren't willing to pay what is now sizable amounts of bitcoin for everyday items.

Yes truly this is what was stated in the whitepaper  and I believe on it but there have been different views of Bitcoin now and bitcoiners have been able to back it up why they have that view for Bitcoin and base on Op post,
It's view as a store of value like digital code.
While currently Argentinians view it as an hedge of inflation  https://bitcointalk.org/index.php?topic=5490389.msg63860277#msg63860277

But in the end this does not stop Bitcoin for being a peer to peer electronic cash as stated in the whitepaper  ;D

I don't like using the word "man" when referring to humans in general, but I'll comment a bit more on the main ideas. To an average person, Bitcoin is still probably not well-known, considering that less than 5% of humans actually have any experience with Bitcoin. So it's just a name of something associated with hype, high price, probably also with scams and other illegal activities. If people turn to it because of the potential profit, it can be a symbol of hope for a better future, but that is also a risky attitude because Bitcoin is volatile and largely unpredictable. There's no guarantee of success, and that's why people should manage their expectations and be ready for unfortunate events.

Patience is a virtue but you got to understand that not everyone can afford to buy large quantities of bitcoin anymore, even the respectable satoshi amount is too expensive for the common man so even if the common man has a bitcoin or starts investing now or maybe even at the last lowest price of bitcoin, they wouldn't still be able to afford to buy a decent amount that wouldn't hurt their wallet, it's a really difficult thing to say anymore to be patient about bitcoin especially if you've only started to invest in it now, you got to be as patient as possible or else you'd be getting nothing. Bitcoin isn't for your average income common man anymore, even if you can do a slowly but surely consistent DCA, you'll have a hard time doing the hodling and saving, it's full of frustration that you don't have enough bitcoin.

bitcoin is not and will never be an investment. An investment is something that you hope will increase in value, there is no way to guarantee that with bitcoin... if someone treats bitcoin as some kind of stake in a company that generates wealth and consumer goods, bitcoin will be a disappointment.

Bitcoin is software... its value is its utility... What other system allows you to send wealth through communication systems without intermediaries? Send any amount of money to anyone on the planet at any time and free from censorship? Bitcoin is an alternative to all the corruption and dirt of the traditional monetary system, a clean, honest and fair alternative.

bitcoin is freedom.

First Bitcoin is a currency that should be used for the payment of goods and services. But due to its volatility and its constant price increase most people now see it as an investment.  But I am not comfortable when people see Bitcoin as the hope of the poor or the common man. Many investors have made a fortune from Bitcoin because they acquired it cheaply and were able to hodl it for a very long time. Currently, the price of Bitcoin is high and one has to invest heavily to make a fortune from it.  I will say that a low-income earner will be able to accumulate a large amount of Bitcoin over a long period using the DCA strategy. The common man would have to work hard for him to provide for his needs, save, and invest part of it in Bitcoin. I agree that patience is important for anyone who wants to make some profit from Bitcoin because it is not a get-rich-quick scheme.

Can a common man as used by you in your sentence afford Bitcoin with the current price and what will be the plan of someone who is barely getting money to survive investing in Bitcoin that is not a guarantee for being worthy overnight, I believe this is the area that one needs to look upon before choosing to invest in Bitcoin because a lot of people have misunderstood the main concept why bitcoin was created I think it's high time people stop referring to Bitcoin as the hope of a an average man because Bitcoin doesn't change the financial status of people overnight but it can give you a good profit if you are able to make a good investment plan.

Bitcoin is a developed Crypto coins technology alternatively to make anyone rich or richer. Which every mean financial status of individuals are entitled to step on. Although the potentiality to make one rich doesn't happen so dramatically or magically but most based on time factors such as acquiring your bitcoin and hold patiently for a long time but the individual such as the common or average individuals as Op made mentioned are duly expected to have alternative source of income so that they could give their holdings time to grow and there then profit can be made account about depending on the investors aim and target of achievement.

Its not only lack of patience that affects them from investing in bitcoin, Some of them don't really understand this digital currency and don't have the zeal of paying attention to its learning details, while those that give a trial end us not doing the right thing expected and loose their investment asset on it, we should not be moved by what others are saying concerning bitcoin, some of them are doing that out of ignorance, we have to be focused on what we want and we are chasing after under a decentralized network.  

I'd say we're already past the time to seriously think about Bitcoin as something that can make you wealthy. The average man wouldn't be able to purchase one full Bitcoin. Yeah, you can buy at small amounts but then you still would have to deal with BTC's volatility. It took a few years for Bitcoin to be where it is now from a coin that was worth just a couple of dollars before. It needed people who believed it could go up in value to move up in dollar equivalent and get most people hyped. Or it could just be me since I know I can't own an actual full Bitcoin at 67k each. It's tempting to think that buying BTC is a common man's way to being rich, but Bitcoin isn't made to be that in the first place.  

Bitcoin can be the light as well as Bitcoin can become the darkest wildest nightmare. For an average Joe Bitcoin will definitely look like must have but they should be prepared about everything before buying their Bitcoin and only people who did that can withstand the bear season as well as the scammers and hackers who always waiting for the opportunity to steal money.

If Bitcoin needs to be treated like a currency system, it's going to be the most pathetic currency system I have ever used in my life! It's costly and slow. We are living in an era where money can be transferred from mobile phone by scanning a QR code. It's instant and free. Bitcoin doesn't stand a chance here.

Bitcoin is thriving because it's the best investment option this humanity has ever come accross. If Bitcoin's price stabilizes, half of the crowd will be gone!

Not just investing in bitcoin but all jobs need to be sustainable success is not possible without persistence. Success will come if you understand the correct position of bitcoin in the crypto market which is a very strong currency market. In the case of ordinary people long term planning should be done based on financial capability and there should be alternative means of income besides bitcoin investment. Alternative means of income for one's lifestyle will meet the basic needs and the life of the common man will become better if it can be sustained for a long time.

In my opinion Bitcoin is the easiest investment a common man can make with you having full control and no third party involved. However overtime I have come to realize that the reason why some people run from Bitcoin investments is because they are scared because of stories they of heard of how people went bankrupt Because of an altcoin pump and dump scheme. I have also come across a lot of people who have this disturbing idea that Bitcoin is a get rich quick scheme that is even one of the main reasons why many of them easily gets scammed.

People who see the light in Bitcoin investments are those who have actually settled to understand how the whole crypto space works. Even if not everything but at least the most important and basic parts.

Human nature doesn't lead us to be patient. As a species we want everything now, this is why most cryptocurrency investors tend to fail by either selling too early or at a loss. Patience is a virtue, most of don’t have it. Those of you who can buy Bitcoin regularly & HODL for at least, ideally, three cycles, will be grestly rewarded with very impressive profits.  

Well you do got the point and something which is true but it would be better that we should really be that realistic at least on the things that we are trying out to achieve.
Trying out to become rich and having that changed up financial status in the future? Possible but it would really be depending on the amount that you had invested with Bitcoin.
With the current price of BTC then we cant deny or we arent that blind that it is already too high. Lets say that it would be able to reach up $700k per coin on which it would really be just that x10
with the money that you have invested basing up on the current price we do have now.

This isnt something that revolutionary if we do speak about long term holds because it would really be that useless if you are someone who do able to make investment
on small amounts but well as a form of savings then we can really say that it is really that worthy but of course you shouldnt be always forgetting about the risks
since there's no assurance that it would really be that still existing in the future.

That's right, even though Satoshi Nakamoto initially created bitcoin as a decentralized alternative payment method, in reality most people or investors use Bitcoin as an asset to store value, and also as a very promising investment in terms of profits.
However, I assume that in the future it is very likely that Bitcoin will become the currency of the future, and the shortcomings of Bitcoin as a transaction tool, especially its high costs, will certainly be a consideration for many people. However, as time goes by, existing problems will definitely be resolved.
And personally, although I use Bitcoin for investing, I also use it for transactions if I have to pay using Bitcoin personally and I've done that a few times.

The simplest way for the average person to escape poverty is to invest in bitcoin.  Simply take a portion of your monthly income and invest it in bitcoin.  Don't spend it on ostentatious vacations or expensive purchases for yourself, like an iPhone.  Instead, buy bitcoin while it's still inexpensive and repeat the process for a few years to see the desired results.

It's that simple.  Just do it.

Common man has different hopes but their money is limited due to which they cannot fulfill their hopes. I think investment strategies are the only way through which you can earn well and patience play a vital role in your productive future. Bitcoin is the only hope for every individual that can make you able to change your lifestyle through earning more and satisfy your life to adopt it according to you wishes.



I think all amount should not be use for investment in Bitcoin and emergency fund has its own importance because we cannot take out money from bitcoin during harsh condition as bitcoin is not a stable currency and we have to look into our profit instead. We cannot sell bitcoin at low price therefore to minimize losses one should remember that emergency fund and investment fund should be used differently with different purposes.

The truth is a greater percentage of Bitcoin users see it from the angle of investment rather than usage. Unlike myself that got into Bitcoin because of the need to send payment across borders but was hindered by our government policies that made access to FX difficult for the common man. Bitcoin became a wonderful and even better option and that was how I adopted Bitcoin. Funny enough, I sometimes regret why I didn't just hold the volume of Bitcoin that passed through my wallets or at least 50% of them... that would have made me financially comfortable now. So you see, Bitcoin as a means of investment is profitable, easy to start and maintain and suitable for everyone, hence the reason many are opting for it rather than using it for only p2p payments that I supposed it was originally designed for.

A person's life journey is full of twists and turns and every decision will take a person to the stage of achieving success. Bitcoin is a light from the financial darkness that people feel and in the midst of the economic difficulties that are occurring, people are becoming more confused about which choices to make. To achieve success in bitcoin, people must have money, knowledge, calm and patience, all of this can be achieved when people have the knowledge to run it.

The key to success is not easy to achieve because sometimes people have to have the courage to make the most difficult decisions, for example how they can take a role in every investment they make even though the availability of money is not guaranteed. Every decision has risks and the most important thing is how people understand how to achieve success.

The problem lies in layman's understanding so that people cannot make the right decisions when carrying out investment or trading activities. Patience becomes easier to control if people know what goes into their choices and if bitcoin is the best path chosen then it should be a considered decision.

Bitcoin right now is trading above $70k and I'm wondering, if some of has the advantage to but bitcoin when it was around $100 per a bitcoin, will they be able to hold to this time. The truth is that we have some people that are still holding to that treasures of theirs but they are just few, lots of people that had that opportunity has sold back in th peak of 2017 bull run and 2021 bull run and that's to tell you that holding Bitcoin is not for the weak but for the strong hands.

There is no way you can enjoy holding Bitcoin if you are financially down, I mean you are holding Bitcoin from $1k and now it's trading around $70k and you can't even afford to pay for your rent due to financial instability, there is no way you wouldn't get tempted to sell your Bitcoin. This is what an average man don't have, they mostly don't have another source of make money, that's why majority of them can't hold for long time.

A poor or an average man  which you refer to as a common man can invest in bitcoin for a very long time, and use his bitcoin investment to transform his financial status in future. All he need to do is to believe in bitcoin, that it is a life changer when you can accumulate up to a certain amount based on their discretionary income. He he believes that, then he can look for a means to increase his income  if it would not be enough to take care of his monthly bills and also invest. Everything is determination. If you know the importance of investing in bitcoin, you would find a way to invest and hodli. They can use DCA method which is the best for such people because they don't have money to lump sum. Setting a specific amount of money that would not affect his income, can be used to DCA regularly either weekly or monthly for 4 years. One don't need to be rich before he can invest in bitcoin and that is why bitcoin investment is different from other investments.

Every human being is created by having a different attitude and nature and indeed when referring to ordinary people I actually don't really agree with that because in my opinion bitcoin is not for ordinary people but bitcoin is created for those who want to be in it considering that everyone can be in bitcoin but in the end in terms of results it is determined by themselves and we cannot say that everyone who is in bitcoin will ultimately benefit because bitcoin is created for anyone but not everyone can benefit from it.
Only certain people with more strength than others can succeed with bitcoin because to get that success we need to have a mentality, thinking and a really strong intention to create persistence when in bitcoin and not everyone can do that in the end.

Many people stumble due to seemingly simple mistakes. They follow the gossip of the media, blindly trust so-called "influencers" or "investors" who have no idea about Bitcoin. They chase the dream of catching the next Shiba Inu trend by investing in risky meme/shitcoins. Even worse, they indulge in the illusion of making quick profits through trading, sacrificing safety for unstable gains.

Bitcoin is not for the impatient and ignorant. To succeed in this game, ordinary people need to equip themselves with a strong "armor". They must thoroughly understand the nature of Bitcoin, grasp the HODL strategy , and adhere to strict discipline.

Living a minimalist life, maximizing savings to allocate a significant portion of income to Bitcoin is the key. Emergency funds, often seen as a "lifesaver" in all investments, become "lost" with Bitcoin. Why is that? Bitcoin is a "digital gold", highly liquid, easily sold when needed.

This is why it would really be that best that you should really know or make yourself that wary about those things around and dont make yourself that easily that fooled on whatever you are seeing around.
You would really be putting up yourself on such harm if you are someone whose really that too easily believe on what those things been seen around. Well, people are different when it comes to approach on which there would really be those who do get hooked up and follow no matter what. Bitcoin holding strategy? It does work but it would really be depending on how low you've been able to accumulate.
We do know that getting rich would really be something that will be depending on how much you had invested earlier. Its not bad to anticipate on having that good life about investing to Bitcoin but dont make
yourself that too hopeful on things on which might not be that realistic.

Who says so? Someone who really knows how bitcoin investment works cannot invest all the money they have without reasoning about their emergency funds. However, I totally disagree with you by saying that bitcoin investment is something you can sell immediately, although on the other hand, you can sell it. Someone who invests to make a profit cannot do it; they would rather keep the money they need and then invest the remaining money in bitcoin. Nobody wants to lose their investment; everyone is waiting for profit, and that is the main mission of the investment, so I am surprised that you said someone can invest all their money in bitcoin.
 
Apart from the emergency issue, there is also risk attached to bitcoin investment, and obviously not everybody will take the risk, so you dont have to say this because some people can be able to invest only a small amount of money while others are there that can use a large amount to invest, and both of them need profit from their investment, so is it not proper to invest all your earnings in bitcoin to get savings in case of any emergency.

Indeed, it cannot be denied that many "common men" ultimately fail when they enter the crypto world and invest in Bitcoin or others. In fact, this also starts from how they view Bitcoin.

As long as they still think that Bitcoin is an instant way to reach wealth, then it will make it difficult for them to succeed in the crypto world. Because expectations are so high without being balanced with thorough preparation before starting to invest, in the end it can actually turn around, leading to failure and losing money. And this has often happened, which can actually result in huge disappointment for Bitcoin. Even though basically, it's not Bitcoin's fault. However, they will continue to blame Bitcoin.

Patience is the key to success in investing. However, in fact, security is one of the keys, so there are several other things that are also the key to success in investing in Bitcoin.

They are:
- Good knowledge about Bitcoin, cryptocurrencies and more things related to crypto space
- A strong desire to continue learning things in the crypto space
- Good self-management, including risk management and also finances

So that in investment ethics, we not only capitalize on patience, but also at least some of the things above. This would be even better if some of these things were owned.

But the current views of people consider Bitcoin as an investment and those who are deeply invested in it and have patience did not get disappointed.  No one ever thinks that Bitcoin is a stake in a company because Bitcoin is a peer to peer digital currency that has a highly volatile market with an uptrending path. No one with basic knowledge about BTC w ill treat it as some stake of a company because it is never been like that.


Holding Bitcoin is for the people who has extra fund to meet his necessities.  No one that has no extra fund can buy and hold Bitcoin, at the end common people who has just enough money to meet their needs will end up selling their holdings when the first sign of profit is seen because they don't have extra money and the profit from holding is good enough to fund their basic needs.



True that, as I was stating, holding Bitcoin can only be afforded by people who have the luxury of having extra funds after allocating a budget for their daily needs.  It is not only whether a person has patience or not, it is more of whether the person has enough funds to sustain his daily needs while holding and investing in BTC.  Because if a person has a shortage of money, then no matter how patience the person is, he will more likely to sell his holdings to fill the needed budget for his daily needs.

Currently we must invest in Bitcoin because if we can move forward properly in the future then it is best for us to move forward with Bitcoin. Because if you keep investing in Bitcoin, it will definitely be possible to get benefits from here. Patience is required in all areas of life so only patience gives correct and successful results. But I recognize Bitcoin as the only reliable coin among cryptocurrencies, because it has been in the market for a long time as a trusted coin.

I think what really separates crypto or bitcoin to any other
kind of investment is its accessibility to as you call
common men.

You don’t have to be extremely rich to buy and invest in
bitcoin as you can buy a few portions in the form of satoshis.
Now if the common man were to play his cards right he can
become wealthy only from a few hundred or maybe even less dollars.

Bitcoin is a lot of thing's and not limited to be used as an asset to invest in that will put your patience to the test, for a common man that's living in a country with a dying currency that is in free fall..you will appreciate a digital currency such as Bitcoin that has no boarders and is understood by everyone and can ease your burden of trade and stabilize the exchange of goods and services, otherwise if you have joined the Bitcoin world for the wrong reasons, you won't see any good in it!!

Patience is an attribute that very few people out there have and takes experience in the markets for one to develop it at the least , but whatever the case to survive in these markets one way or another it does come like a 6thd sense!!

Patience is needed everywhere to succeed. Like if you are doing some business, you will have to wait few years after starting it to make regular customers. Then when the business is set, you can keep earning profit per month and also grow it from there. Same applies to bitcoin investment as well. If you are patient with bitcoin investment, you can make good amount of profit with it. Like suppose you hold for 10 years, you can expect profit of even 10x from here on. On other hand , greedy people will simply sell their bitcoin holdings for small gains because they are impatient.

patience is definitely a virtue that not everyone has.

anyone can invest in bitcoin but not everyone has the patience to hold. not everyone
has the ability to wait no matter how much 'easy' waiting sounds especially when it comes
to money. patience is definitely something we have to exercise and practice.

You make the term 'patience,' sound like the common man should be waiting for profit without making any reasonable investment. The activity that one engage in while waiting for an investment to mature or in the process of starting an investment is what counts and that's how the common man can see opportunities and make profit.

If the dream requires large capital, the common man should know that the best way to make profit from BTC investments is to HoDL for long term. So if our common man doesn't have the luxury to wait that long, he/she might as well try to trade with BTC to eke out profits, but there would be loss as a newbie to trading, try to complete transaction and do payments for purchases or service across and within the borders of the country of residence and try out other crypto trading on an exchange listing to gain different experience. This would alone make them more interested and have a clear concept of how to make profit/gains from BTC investments both in the long and short term duration.

Bitcoin isnt just another way to pay for stuff. Its a revolution, folks. A huge opportunity for regular people, the working class, to take back control of their finances. Traditional banks, they dont always look out for us, lets be real.

Now, Bitcoin's a long game. Takes patience. You'll see crazy prices swings - that's markets for you. But check the history, the long-term trend's undeniable. We're not talking get-rich-quick schemes. This is about the tech, a whole new way of doing money without the middlemen.

So, if you're feeling a little down on Bitcoin, understandable. But don't give up on the "common man" dream. Remeber why this matters - its our shot to change the rules, to have more say in our own future. Thats worth more than any quick buck

Exactly average joe could become rich if they would learn to live without pleasing anyone and focus on their goal.
Most of the time they suffer because they want to please people or show off with the excess money from their earnings, they could save up money from their salary but most of them just choose to enjoy it on something else rather than investing it.
It is the truth why an average joe or some people who earn little more than a minimum wage amount are still broke or still living paycheck by paycheck.

Bitcoin was created as a very transparency in the midst of the turmoil of the big problem that hit the world of the economy.

Bitcoin for us is a currency that provides independence for anyone who wants it because only they as owners can regulate without the need to involve third parties.
Bitcoin was created not for rich people who have a lot of money. Bitcoin is not created for the authorities but for ordinary people who want to have it too.

When users want to use bitcoin not as a currency, but want to make it an investment asset because it can be a hedge, there is absolutely no prohibition. This is the nature of freedom.

That is quite true that Bitcoin gives you full control of your money. All you need is an electronic device and working internet connection to access your bitcoins. There is no closing hours now any sort of holidays like we have in fat currency ecosystem.

If you are jumping into Bitcoin to get rich overnight then it's not the right choice. In Bitcoin, the success lies in choosing the right strategy that will be executed in due course of time. Without proper strategy you are deemed to lose your money. As Saylor said "Volatility is vitality", so we must have patience to control our emotions during price swings.   

Bitcoin is one of the most special investment products of the last decade. Really - it's hard to find an investment product that performs the same as bitcoin over the years despite several competitors gaining good market share - but bitcoin is one of the most special in every way.

But when you talk about patience - it will be a different thing. Common man ^{[someone who doesn't understand much about bitcoin]} and experienced people sometimes tend to be the same in terms of patience - I mean patience is formed by mentality and also a sense of optimism about the future, especially in assets that have high volatility like bitcoin. Not all investors have a high level of patience with the market - they each have their own limits, but being patient without anything else is not the reason why someone becomes successful in investing.

Bitcoin never looks at who you are and what country you come from and what status you hold in life, because anyone can buy Bitcoin and anyone can achieve success through Bitcoin as long as we can be patient in saving it. And I think it is also very common for ordinary people not to be patient in holding Bitcoin because maybe they are not very familiar with Bitcoin so that person can easily give up Bitcoin when their patience starts to run out in waiting for success. So you don't need to think about those who are still laymen and don't believe in Bitcoin, because you also have a bright future through Bitcoin if you really believe in Bitcoin.

Is not everyone that understand bitcoin, Yes anyone that has bitcoin have a hope that is only when your intention is to store or trading, not just using bitcoin as miss is transactions, because you will end up wasting your money in fees because you are just using it for transactions. You will only have hope in bitcoin when you want to trade on what for the bullish market to make money out it, right now bitcoin is on bull run, so you will only have hope when it on bull run time

Isn't it the majority here is average joe investor? There was a time in 2017 that most of the members here join this community and obviously has face a lot of challenges as they might not have the knowledge in the beginning.

But as you can see, most of them stayed in this community and could have made a big stride and maybe some of them are having a good life already thru Bitcoin. And then continue to invest or trade and long term holder. As we approach the  block halving and the eventual bull run, for sure another perfect time for us to be successful again.

First of all the average person needs money to invest into Bitcoin and be it light or hope but the most important thing which is required to buy it is Bitcoin. Let's not put it like Bitcoin is freely distributed and average person is still not holding it. I think what people need is a proper strategy like DCA and have vision like they won't touch it for 3 to 4 years of the market turns bearish and then they can make money by selling it during bull market but it's not as easy as I am typing this that's why not every person who is aware of Bitcoin is rich.

Some people are not inclined to accept and believe in the actions of others. We shouldn't expect everyone to invest in bitcoin even when we understand the innovation behind it. Each human being has what their body and spirit welcome when told about "something." And no matter how hard we try, there will always be people who will view things we tell them right or wrong. That's their business anyway because someone else financial status can't be claimed by others.

This life has taught me that not everyone can accomplish the same thing. You will notify some people about an investment opportunity, and depending on how they can deal with it, they will either take it or reject it.

Bitcoin creates opportunities for all. Regardless of your life’s status or position, if you have faith and high hopes for bitcoin that it will make you financially successful, then certainly it will but of course, you should also do your part by taking the risk and trusting bitcoin with your funds. Otherwise, you are just like any individual who easily quit on bitcoin because you easily lose your hope when it comes to volatile investment.

A common man has a lot of responsibilities and has to focus on many things. He has to struggle to earn money. To become a Bitcoin investor, we must have money. After feeding the family, they have to invest in savings, which isn't easy for them. And having proper knowledge about Bitcoin is mandatory. Otherwise, they will be influenced by negative people. So they might be discouraged from investing in Bitcoin. I was a common man, and I struggled a lot in my life. I take risks by investing in crypto and working hard to learn marketing. So now I can survive nicely even though I don't have a job. 

A good point because in the end, even though everyone has the same opportunity, in terms of results, of course it will not be the same because after all, in the end it depends on the quality of ourselves whether we are able or not to maximize the opportunities we have.

Likewise with bitcoin. Currently bitcoin is a place where anyone who wants to do it can use bitcoin either to make as a means of payment as an option or do it as a form of investment but in terms of the results that will be achieved in the end only people with greater willpower will be able to benefit optimally.
Many of us are currently only based on Hype and believe it or not beginners are more in bitcoin due to fomo than doing research first which sometimes it makes them hassle in maximizing profits because they don't know what they are doing considering being in bitcoin only based on fomo which actually makes a situation where they come out with a loss when in bitcoin.

Bitcoin makes a man rich throughout the process, but it certainly takes years for it to finally realized, in which any common man will find it hard to establish faith and patience most especially for investments like bitcoin where future price is uncertain, thus seeing it as a great challenge to control your greed and emotions that any common man might find it difficult to do.

However, if you invest with bitcoin at a minimal amount, where losing is okay, then I think investing for long term will never be a problem. It’s just that the greed of a person is uncontrollable, that they end up giving up in bitcoin before they can witness and experience the exceptional profits that only bitcoin can offer.

Patience is key
Knowledge is also basic and the key
the combination will ensure them or all of us to do much better investment, better than know nothing about crypto when entering to invest.
Both should support  each other, moreover the knowledge, is the basic thing that we must know before investing. Do investment with enough knowledge, never do it without any knowledge, or even only follow others. This will lead us also to have much better risk managing.

But sure, patience will really key support for us when seeing the market situation. Mostly, market will not always conform to our expectation, that's why we need the patience, also to manage the panic and unstable emotion.

Bitcoin sure sounds nice and poetic when you talk about it like that, but let's get real, it's more complicated than that.  Could you get rich off it? I guess, but you gotta know it bounces around like crazy and  people need some zen-like patience to handle those swings.  Still no promises you'll strike it big though.  Plenty have gotten all excited about crypto but got bummed out later.  Look I aint saying don't take a chance if you want, just know it ain't as easy as the hype.

the only thing that I have to tell you is that in Bitcoin what you need most in Bitcoin is research make sure that you have research very well for buying Bitcoin especially knowing the chat of Bitcoin some people does not know the chat and that is why they are unable to interpret the moment of candlesticks of Bitcoin so many people today is a victim of Bitcoin because there does not know the Foundation of Bitcoin and the the market standard of Bitcoin before them purchase Bitcoin for both long time investment and the short time investment it is better to make a proper investigation or a proper research before you buy bitcoin so that you will not be a victim of Bitcoin when the price reduces in the market

Bitcoin investment is about choice and not by force, I can willing decide to invest regardless my income and status but first I need to draft my plan and strategy before investing at first. An average man can invest in bitcoin without stressing much cause with a proper plan. As an average citizen I don't need to invest using the lump sum strategy so knowing the strategy to use and when to buy is right. An average citizen should not buy with the aim of getting rich quick like using a huge sum just to make extra profit and afterwards he/she withdraw the money. I don't support this idea cause knowing no one can predict rightly so what if the market don't go as plan, sell or hold on?  An average man will definitely sell cause he/she never had a proper plan.

It would really be taking a long time and it would really be depending on how much you have invested because you cant really just that make yourself rich without having those kind of factors on which we know that this is something that will really be depending into those things. Dont expect that you could get rich with having that mere accumulation in the past because now basing up on the current price of Bitcoin then it could really be able to hit up a few multipliers only on which it cant really be that possible that it would really be something that will hit up for huge multipliers like on what meme coins what would be able to achieve.
This is why it would be better that you should really be that realistic on your approach and never make yourself that too delusional even if you are a common man.

Usually people do really anticipate or hope that much into something which is not realistic an on the time that those expectations havent been met then this is where they would really be
saying up negative things just because it didnt really happen which is really very wrong.

OP to be honest, in the society where I live the person you are explaining, works hard to earn a living only, he doesn't dream of luxuries and in my view, he spends a peaceful night after eating a good meal, the only problem is he faces sometimes is the worries of earning for his family, they earn and eat they dont focus on the savings. Here I'm not going to mention the challenges and how struggling life they spend but I'm trying to explain in their point of view they dont need Bitcoin, actually Bitcoin is the source of attention for the middle class.

Bitcoin won't even help him a lot as well, because he cant invest enough money to jump from the lower class to the middle. At the same time when we are gonna compare the expenses of our life with them I mean middle with lower classes there's no match obviously.

The investment term is not for everyone because not everyone can afford to invest and take the risk of 2 meals, I think this is where our entire financial system lacks.

Even though it's not everyone that understands Bitcoin, it is very important for us to understand the usefulness so that we can always take good approach to learn it and understand it before we think of investing. Sometimes there are people that area not ready to learn and what they cares about is to keep saying yes sir to there bosses without any plan of getting a skill that would improve or promote them to the next level.

 Sometimes comforts has made people to feel very relaxed with not interest to learn how to improve in other field. This is one of the reasons why learning is important. Bitcoin is like a shortcut to escape poverty but many people do not know or understand that.

Bitcoin is an asset that anyone can own, as long as they want to learn to get the best price to buy, store and sell it. It is best to hope that if you have bought it in the past, because even rich people have the same feelings for bitcoin, as long as they are not late in buying. Some people who are used to seeing bitcoin as an anticipation of the future, we can accompany bitcoin at any price to this day, I think at that time we don't want to regret it twice. If we talk about waiting, in 2022 for me there is a suitable time to buy bitcoin, congratulations for those who have bought and harvested bitcoin this year even just 1 year back, unfortunately people only think about this aat price, not the potential for bitcoin to be 4x folded, and this is the economy of the future.

Patience is the key. Not just for crypto but it’s certain for all investments. However, while bitcoin can be highly valuable for a person who has great knowledge for bitcoin, but for a common man, bitcoin is just like any other investment, the risk to lose is high if you don’t suit on that kind of investment. But if you take time to learn bitcoin and understand its nature like one is supposed to be, you will discover that bitcoin is an extraordinary, highly valuable investment. One should only learn to to take the risk and trust bitcoin, which I think only brave people can do it, as they are determined to reap the best things with bitcoin.

A common man or a common citizen who strives to earn bread for himself and his family twice a day would barely get the time and energy to get into technological advancements and things that are happening in the internet world. Most such people wouldn't even get to use the internet that often and things such as Bitcoin and cryptocurrencies require one to be digitally aware of things that are necessary for them to understand everything properly.

Such a person might decide to make investments when they hear it has hope for a better future, but it will give them a hard time getting a grasp of everything including the buying, sending and receiving, and storing of cryptocurrencies, they might even have their assets lost if they can't keep their credentials and secret keys and phrases safe.  :)

The first thing is to develop faith and confidence in bitcoin, those who can develop these two features find themselves in good position after few years. While those who jump in to become rich overnight don't find this investment very attractive.

I think it's not important how much you invest at a time but how much you can keep on investing over a period of time. Because what we have seen so far is that if you adopt DCA then even 100$ a week is perfect provided it's stretched over a period of 5 years or more.

For someone who does work that is not related to the internet, of course it will be very difficult for them to think about or even follow technological developments and for them they only think about how they can have income from their work to be able to meet their needs and when they want to know about crypto of course they must be able to use the internet and learn about Bitcoin so they can invest and also they must be able to keep the keys to their wallets when they start to invest.

Patience is a some thing you agree in your heart to acquire to hodl up to a particular thing that will bring success in the future, which is what many BTC hodlers are using to grow their wealth in the community and, if you want to be like them, ensure you exercise patience in your BTC hodling.

The days of blaming the government for not making everything available has passed because, citizens are finding solution to themselves these days by looking for decentralized currency were to invest their money during the bear run so that they will have access to earn well when the bull run occur.

There are others who have really given hope to Bitcoin, and we all know that here in the industry, bitcoin is one of the financial solutions to the common problems of people and countries around the world.

So in order for us to succeed in this field of Bitcoin, we must not lose our patience, because there are many who have succeeded in this because of Bitcoin; they had huge savings from the small value of Bitcoin that was only held for a few years and were not tempted to sell it, and now the others have become successful because the amount of bitcoin they have can be considered rich anyway.`

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait any longer to sell off his coins.

This is why, every holder has his own entry and exit points in this market. It is up to him how he will exhaust the volatility factor of this currency. We can't define someone else's profits to be the same with others. And that very reason is why being too late here should not be a discussion because we have different entry/exit points.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.

In response to the op, I would say that the common man who discovers bitcoin, invested for a while but later gave up on bitcoin because of the challenges of life, is a fool and a failure already, why? Because even without being a bitcoin investor, there will still be challenges, challenges is a normal thing in life, no man can come out to say he or she does not go through some challenges from time to time, even the world richest man face challenges, and it did interest us all to know they challenges come in different ways, and there are many challenges that their solution isn't money and completely outside having alot of money.

So, what am I saying in essence? Giving up on bitcoin as a result of challenges is the worst mistake anyone can make, it doesnt matter if the challenge is an external one (not related to bitcoin) or internal one (related to bitcoin), in my journey in crypto, I've had several of both internal and external challenges, but here I am still moving on, getting batter and better with bitcoin, I've achieved alot of things I ordinarily; wouldnt have been able to achieve without my active involvement in bitcoin and crypto currency in general.

The bolded part is what most bitcoin evangelists forget about bitcoin, that it's a volatile asset and at the same time as you've said, not that popular to more people and that if we account it with the total population, the community is just a smidge. I think that the only way towards the heart of common man when it comes to teaching them what is bitcoin and many other things related to it is if we just teach them everything that they need to know, positive and negative aspects of bitcoin don't matter, that way we can see who will risk it and invest in bitcoin and who won't and at the same time, you would be less liable from blame from these people because you've warned them of the volatility and the negative side of bitcoin and they still willingly got in and invested to it, of course you still have the responsibility to guide them a little bit but other than that, you're not liable and at the same time it will help more people and when it does, those people will do the thing that you've done, it's a chain reaction.

Very few of those that learn about bitcoin for the first time, consider the idea of investing on bitcoin for the long term, they have heard the stories of people like themselves making a fortune in a short amount of time, and they want the same to happen to them, and even if those stories are true to some extent, what they fail to consider is that for this to happen everything needed to happen on the perfect time for those people, while the average investor has to make do with DCA and other similar low risk strategies.

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.

The poem, yeah ?... It's really nice. The common man lost an opportunity cause he wasn't patient. This happens all the time, most times not even in a financial scenario and it rubs off to other aspects of our lives. It may be difficult, and it may sometimes even seem like a waste of time and a vain process, but you just have to move forward, that's the only thing there is to it.

We may be commoners today, but with hard work, smart work, and consistency, we'd all achieve our goals.

Absolutely mate you are right some individual wants to be successful and that's the reason why they choose Bitcoin to invest in cause they will know that Bitcoin can make Their lives more good and have a good financial. Anyways  like what you said above that in Bitcoin we can not say that everyone of us investing in Bitcoin can make a profit on the spot but it will need more patience,time and self control in order to have our little profit. Actually not really bad if we wait a years to have a big profit.

Whether you are common man or influential people, patience always plays an important role in order to achieve success. Similarly investing in bitcoins is like testing your own patience. if a person masters, the art of patience then definitely he will be successful. While buying bitcoins you need to show some trust to the coin. You need to give at least four years of time for bitcoins to give you enough profits. If you can give this much time to bitcoin, then definitely you will make tons of profit from it.

I don't deny what you two said, but I want to say a little more. Investing in bitcoin now and investing in bitcoin 10 years ago are completely different. If 10 years ago someone took the risk of using 100 USD or 1000 USD to invest in bitcoin, they would have had the opportunity to change their life and become rich. But today that is not the case anymore and if you want to change your life or become rich with bitcoin, $1000 or $10k is not enough. Bitcoin no longer has 100x or 1000x growth to bring us huge profits. If you want to increase your wealth then bitcoin can do that, but if you want to get rich with just a small amount of capital then bitcoin cannot help you with that.

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.

It seems like you're telling people to invest in bitcoin and cryptocurrencies by luck instead of taking the time to seriously research and learn about them? It's like buying a lottery ticket and have you ever won? I find that this type of investment mindset is worse than gambling. How can we change our lives with this type of investing mindset?

Many people in my country are not fully educated, do not have degrees and do not need bitcoin but they keep trying and trying. And currently, they are quite rich thanks to business. How do you explain this when you say that bitcoin is the last resort to get rich for the average person?

I am patient and I am one of the common men that have been hoping with a brighter future holding Bitcoin. I am hopeful because I have seen its proof and I myself is a proof and testimony on how Bitcoin really changes people's lives.

While those skeptics are still in that stage of being doubtful of what Bitcoin can do to someone's life.

Here we are, already proof of life that Bitcoin do a lot of things and that can't denied. Whether you're a long term or short term investor in here as long as yo get to hold and able to profit from it, it's just the same hope that you'll be having.

I won't say YES and why? It will depend on who they are in investing in Bitcoin because we can't assume that everyone (average people) will have faith in Bitcoin or think that they will be patient. Honestly, most of them are hungry for improvement and success, most of them want instant just to have a better life faster. That is why I won't say that Bitcoin is the best option for an average Joe to get rich or to have a better future. Of course, investing in Bitcoin could help but most of all, it is our actions and decision matters a lot here. It is useless to invest in Bitcoin if we are not sure of what we are doing and much more if we are an impatient person.

The question is why do people give up and what is behind them to make the decision to give up? Bitcoin will not cause losses to anyone as long as they hold it and don't panic because even though the price is hit, there is a time for recovery.
If people invest correctly then it is very unlikely that they will experience losses, one thing that makes people have to give up is because they don't know how the bitcoin process works and I think that's the individual's fault.

The key is patience and not panicking, otherwise it won't cause anyone to experience losses. The journey of bitcoin has shown how powerful it is in the journey so that people can be more confident in getting involved in investment.

Average men or common men who have adopted Bitcoin in previous cycles are already doing pretty well with their finances, since their small and medium investments have grown considerably since then. The opportunity was there for everyone to grab, although many just ignored the opportunity and remained struggling in life, like most people in your local socities. People complain a lot about lack of opportunities and chances to improve their lives. However, once these opportunities appear, they just neglect them, as they weren't important or worthful to be embraced. Therefore, it's their own fault after all.

Someone who invested small sums of money 6 or 8 years ago could be already cashing out nice profit at the current moment, in order to acquire their self-owned house, car or any other kind of acquisitions so they could enjoy their belongings or generate further passive income on long run. This could be a life changer for the common man, but it just didn't happen for most people... And it seems it will always be like this in this world, because people only embrace something when there is a dominant tendency on the society telling them to do so. Most people can't take authentic decisions by themselves.

And that is where many of them fail improving themselves as individuals.

More common men don't trust Bitcoin. that's because their focus is on working to make money for life and running out. they do the same thing every day and there will be no time to spare a little of their income for Bitcoin let alone the patience to see Bitcoin grow.
Maybe there will be some of them who regret when in the past they rejected or did not accept Bitcoin, and now they see how Bitcoin has a price and market growth that exceeds anyone's expectations.

There are several reasons for this, such as when they are in bitcoin only because they are fomo and follow other people which makes them not know what they are doing in bitcoin because they only follow what other people do without doing any learning in it so that they become confused to do anything in bitcoin because they don't even know the basics of what bitcoin is.

With things like this, it indirectly makes their mentality also cannot be controlled properly because they do not have that much confidence in bitcoin because of the wrong initial assumption that bitcoin is a place of instant profit without knowing the risks it has which makes when bitcoin experiences problems and crashes it makes them hesitate and get out before the loss gets bigger.
Things like this often happen even not a few people who actually consider bitcoin a hoax and scam because of things like this even though it's not bitcoin's fault but they themselves whose expectations are too high and misinterpretation of bitcoin since they started.

I think its the opposite. I think you are referring to old men or those in their 50's or 60's. Well, it's understandable because they are hesitating in something that is too complex and can't have a guarantee to earn, and they also have no time to learn bitcoin anymore. What I'm saying is that in this era or younger ages, I thinkhave no time to learn bitcoin anymore. What I'm saying is that in this era or younger ages, I thinkhave no time to learn bitcoin anymore. What I'm saying is that in this era or younger ages, I think they are more engaged in crypto currency stuff because we are now in a digital age or internet era, so men are most likely the ones that are also spending a lot of time on the internet, so it's given to them to discover crypto currency and to get involved in it. Well, maybe women are also getting more involved in crypto currency. Like I said, people are now spending more time on the internet and social media, so it's common if they stumble upon anything related to bitcoin.

Too many people are enslaved in their daily routine, too busy trying to save a little money instead of spending their time trying to understand how they could get out of the rat race. I see it also when I talk with my friends, almost none of them is interested in finance or investments, but at the same time they keep complaining about the little salaries they have and how they can't afford things. At the end it's all about choices.

The common man first exposure to bitcoin is to be considered as a means of investment and not as a currency that is available for exchange between two parties just like what the fiat currency does. If a common man knows beyond what he is told about bitcoin, he would rather not be disappointed by his investment in bitcoin if it doesn’t turn out to be what they expected. When bitcoin is seen as an investment assets only without understanding the basis of its investments will only make more people to lose faith in the currency and won’t trust it again. Bitcoin should be viewed as both and be treated as both, in that manner we won’t have more people coming out to say negative things about bitcoin.

Same thing I have been saying. But it seems we can’t help it because everyone is blinded by the value instead of seeing the primary purpose. The banks and government are all happy it’s perceived this way too. I really do believe that the huge price value is just a coincidence and Satoshi never knew it’ll be so.

Patience is needed for everyone and if a person possess patience then he will not regret in future but with the help of patience he can bear all situations that goes against him. I think without knowledge about bitcoin one cannot identify about it and will not invest in it so all bitcoin investors will keep their bitcoin safe because nothing is more sweeter than money.

Those who think bitcoin as a valuable currency and valuable investment source will believe in its success and after making their trust firm they will start to invest in it otherwise if someone are in doubt about its success cannot get what he wants.

And I want to ask you, are you using bitcoin as currency or are you also accumulating bitcoin to find wealth in the coming years? Also, if we all consider and use bitcoin as a currency to replace fiat, do you think it will be easy for the government to legalize and give us the freedom to use bitcoin? And yet, if bitcoin were not volatile and not profitable, there would not be thousands of stories of becoming millionaires thanks to investing in bitcoin. Do you think people will need bitcoin and will it be as popular as it is today?

Well they are been introduce to that and people always saying that if they buy bitcoin they can earn profit so its really hard to change those mindset coming from new people since this is what they see for bitcoin but maybe we should let them think about that since later one once they gain a lot of experience dealing with their bitcoins then provably they could realize that bitcoin is not all about investment. But rather this is currency which is same with fiat where they can use it to transact to anyone they like around the world.

So if we know someone think about this then I guess its more better to have healthy discussion and give your opinion. Don't criticize people regarding on what they believe on it since for sure they will not accept if we sound rude regarding on what we want to point out to them.

Certainly Bitcoin is like a bright light in people's lives. Because Bitcoin is risky, Bitcoin investment should be done with the risk in mind. In case of Bitcoin investment, you must acquire enough knowledge about Bitcoin and check the market and if you invest in Bitcoin with a long term plan, you will definitely be successful and your life will be illuminated for Bitcoin with success. Patience is very important in Bitcoin investment, many times it is seen that many big traders also lose patience, so if you can patiently invest with long-term plan and check the market, surely your life will be bright with Bitcoin investment.

To put it bluntly, bitcoin can also be considered a get rich faster investment than other investments because if someone is patient enough to hold it for a few years (at least 4 years) then they can earn significant profit. Meanwhile, investments like gold or real estate take more time. But thinking that it can help us get rich overnight or in just a few months is completely wrong and many people have this thought in mind. 

In addition, this is also the reason why I do not like spreading get-rich-quick stories by investing in bitcoin. These stories never motivate people to invest seriously, instead they only have dreams and illusions of getting rich quickly and then pay a heavy price.

It is impossible for a hungry man to have patience to invest in bitcoin. The common man strive each day just to put food on his table. All what the common man thinks everyday is how to fight hunger. A common man does not think of how he can build a house or buy a car, but the mindset of the common man is how he will be able to eat. The main challenge of the common is hunger, and if he thinks of an investment like bitcoin and willing to invest he will not be able to invest because it is not easy for him to raise money to survive everyday.

It is easy to invest in bitcoin when one has a steady source of income but when their is no steady flow income it is impossible to invest in bitcoin then you starve yourself from eating.  

It is always advisable for people to have a steady source of income to depend on before investing in Bitcoin. When there is no steady source of income and you choose to invest in bitcoin will always tamper with bitcoin you have as investment.

That is why there is a much more important reason that when investing people need to understand how to control FOMO because if they cannot deal with this problem properly then they will make the wrong decisions.
Basically there is no investment that can produce fast and large profits because capital and time are needed to produce maximum profits. Bitcoin does have the opportunity to reach maximum profit if it is run correctly, but it requires the ability to control oneself. If investments are made based on FOMO and are influenced by how people make profits, then all decisions taken could result in losses.

The problem with most of us is we don't have contentment in life, we keep complaining as we want more and never stop doing this. I guess, even if we all become rich, they still complain about our lives because it is hard to please someone who never finds contentment in life. They keep raising complaints but never find a way to help themselves. In fact, so many people hear about Bitcoin but only a few have the guts to try and risk some amounts while the majority are in a state of doubt and uncertainty which in the end, they also regret.

Those who are involved in bitcoins must have planned at least once that they will invest in bitcoins and at some point they will earn substantial profits by investing in bitcoins. Earning profit from investment is not only expected by those who have a lot of money but also by all professional people especially those who know about Bitcoin. It is not as easy to expect as it is to actually act on expectations. Only invested and earned profit so easily but can't investor so easily but not earned profit. To earn profit by investing we have to wait for a long time and wait for a long time then when the market goes well after the investment we can see some profit. But if he doesn't have enough money to invest, still it is better for an investor to dream about investing in bitcoin because he may not have money now but in the future he will definitely have money and at that time the investor can invest in bitcoin if he wants.

I think the problem with people who choose to go into bitcoin investment is that they lack the knowledge about Bitcoin and they end up diving in with the misconception that bitcoin is a get rich quick scheme. They believe once they go into bitcoin, they'll suddenly become rich after investing some amount of cash. You can invest thousands of millions of dollars in bitcoin but still fail and lose all or almost everything if you don't have the required knowledge and if you don't know the right approach and technique to use while investing in Bitcoin.

There are lots of approaches to employ when thinking about Bitcoin investment, so it's left for you to conduct and extensive research and come up with the approach best suitable and productive for you rather than just diving into Bitcoin without full preparation. This is often what causes people to lose money in Bitcoin investment.

You've said it all. This is why it's advised for people to first acquire basic knowledge of Bitcoin before even making any move. Manny people go into bitcoin simply because they hear from people that bitcoin give a lot of profits. Yes it's true that bitcoin can give a lot of profits, but only when you use the right approach.
DCA is a very effective approach, especially for bitcoin newbies, that way you won't feel the impact of investing because you'll only be investing a set amount of money, weekly, monthly or even daily, depending on your income.

There is nothing like been a patience person with Bitcoin, I still respect people that hold Bitcoin 10 years back and has not sold any of their back up till now, it shows a sign of dedication, commitment, discipline and long-term growth, if it was me that hold Bitcoin since all this time. I would have probably sold too and if I have the opportunity again, I will buy back when things are red in the market.

I was watching one interview about how a guy said he regret one thing he has done when he first did his first show in 2014 and the interviewer asked him what is that and he said back in 2014, he was paid 15BTC for his show but he decline and said he prefer to be paid in euro, he was angry that had it been knew back back then, he would have accepted and hold it and the interviewer told him that he might have even sold them considering that we have had many bull run and he replied that he is a patient type of person, he didn't just know about Bitcoin then. He would have had a fortune today atleast in my local currency.

Bitcoin is good for future investment. One can invest in Bitcoin for getting high high returns. Because Bitcoin is unique in all type of crypto tokens . Many becomes millionaires by investing in Bitcoin with their research. Research is very important before every investment,man should research on projects before investing in crypto .Because with knowledge ,risk becomes lesser and lesser. I am big fan of crypto because in my opinion, every person should take risk . Otherwise,one can't achieve success in life.

  The common man, for me that means the drivers, maids, foreign construction workers in the GCC, shopkeepers, auto drivers etc... have the same exact access to Bitcoin as all the fancy investment bankers in NYC, London and Singapore as well as citizens in wealthy nations like Japan, USA, England, Australia etc. There is no barrier to entry and no one person or entity owns it. It is the most open asset class, store of value, currency or whatever else it could be in the future that exists on Earth now. Even though it’s a highly volatile asset, cryptocurrency can help investors build wealth, especially if they invest in digital coins over the long-term. It’s a portfolio play that’s gained traction in recent months and is catching up to stock trading as something that Americans are looking at for growing wealth.
  With security like this, blockchain technology is poised to impact nearly every segment of our lives.Bitcoin is one of the most well-known cryptocurrencies out there. Additionally, there are thousands of different cryptocurrencies available. Not all cryptocurrencies serve the same purpose. While some are for general use, others solve specific problems and/or serve specific industries. However I would suggest that all investors study how cryptocurrencies work, what the underlying technologies are, and how those technologies can be applied. Cryptocurrencies are one visible, but possibly not very relevant, aspect, of potentially transformative technology… investing your time and intelligence in understanding blockchain, and distributed ledger technologies generally, is likely to be an extremely fruitful long-term investment. 

if you don't understand the purpose of Bitcoin I don't think that you will say anything reasonable or tangible concerning Bitcoin some of us who don't know the important of Bitcoin do condemn the progress of Bitcoin because they don't know the value and they also the impact in the society but when you have understanding the system of Bitcoin there's nothing will make you not to follow up the system so that is why people who doesn't come closer to the system of Bitcoin have another intention and the another definition of Bitcoin they might not see bitcoin the way you see it as something that will help the Society in future

Actually, don't be too strange when you see something like this because in my opinion it is a commonplace action when we are in a bitcoin condition that is indeed profitable because surely by seeing benefits like that, the fomo will come without knowing the risks they will get the most important thing they will be in bitcoin first but sometimes things like this are not entirely bad because with the conditions that are happening now, it is certain that we will definitely see some conditions and changes for everyone where even though they are initially on a fomo basis but there are two types where there are those who do not want to learn it because it is considered troublesome Because with the conditions that are happening now, it is certain that we will definitely see some conditions and changes for everyone where even though at first they were on the basis of fomo but there are two types where there are those who do not want to learn it because it is considered troublesome and only want the benefits and there are other types where they study seriously even though it started from fomo.
So by looking at situations like this we actually don't need to be strange and don't need to ask the reasons for other people who come out in a loss when in bitcoin because it happens because they are not too sure from the start and only enter because of fomo because they see bitcoin is quite tempting in profit but are not aware of the risk conditions that are actually in front of the eyes.

I don’t think the plan is to replace fiat, I won’t believe this is what Satoshi envisioned. Bitcoin is an option and those who see the importance would make use of it. Satoshi neither created Bitcoin to elevate people from poverty. He didn’t speak of how it’ll make people rich nor make them millionaires. Bitcoin may not have been as popular as it is if it weren’t for the volatility, but that doesn’t mean that the reason why it wasn’t created shouldn’t be given attention to. If you find an avenue to make use of Bitcoin as a currency, do it. You don’t need hype or trend to do it.

Actually, the way to make a profit by investing in Bitcoin is very simple, all traders, especially beginners, only need one characteristic of patience to be successful and make a profit in the crypto market. However, this is indeed difficult to put into practice, but if there is the will and belief, patience can definitely be achieved.

Because for me investing is like moving money from people who are impatient to people who have patience. So if people are impatient they will sell when they get a little profit or will panic when the price starts to fall, and you have to be careful, otherwise this can move to people who are patient (patient means those who buy and hold bitcoin for the long term). Patience is a high level science, we have to learn every day so that patience in investing can be trained.

Many ordinary people who invest in bitcoin don't have the patience, they immediately sell bitcoin when they get a little profit. In fact, successful bitcoin investment requires a long process and time. Apart from needing patience, we also need discipline to continue to pay attention to developments in the market situation, read the global economy and of course it is important to study the history of bitcoin to increase our confidence to continue to maintain it in the long term.

If we talk about the common man who does not know about bitcoin, he will realize it when it is too late, and he will begin to investigate everything he can so that he can convince himself of the benefits that bitcoin brings, I don't blame him, there are people who are so immersed in their life, in their jobs, in a system so contaminated by slave labor that they can no longer do much, when they discover bitcoin and that this is possible, things will turn out very well but they will feel regretful that they never discovered this , and they will beat their chests, this is for those who investigate, for the rest they will not even determine it, they will just stay there and acquire only the bitcoin to make their payments, and all their transactions, this is what can be seen, this is what What does it mean for me to be the common man, who is always absorbed by the system.

I know that Satoshi created bitcoin to create a peer-to-peer currency, not an asset for speculation, but I don't like being conservative and opinionated. But look at what has happened in the past 14 years, bitcoin has always been considered and used as an investment. So why do we still stubbornly consider it a currency when the whole world considers it an asset to invest? I am not a backward person and will always adapt to things so I will be realistic with what bitcoin is becoming.

I still repeat the same old question: are you using bitcoin as currency or are you still holding it with the expectation of getting rich in the upcoming bull run? If you are holding and expecting wealth from bitcoin then you are lying when you say you want it to become currency.

To the common man, Bitcoin is huge and have been the ultimate project in the market. Bitcoin will substitute many crypto projects because it have the capacity of staying up for lengthy period and have also survived the bull and bear season. Bitcoin existence in the market have made so many things to become complicated and I've closely watch how these projects have fallen out. Bitcoin will always come first and there's no inspection than watching the project coming to be exploring and independent.

The same common man called bitcoin a scam project because he didn't understand anything about bitcoin and probably if the Country government ban bitcoin then the so call common man would used that one as the accusing point so that he would not invest in bitcoin and he is also thinking investing in bitcoin is like a waste of time and the funds are not secure. For him bitcoin is an internet money which has no value because for them anything the government is not approved is not accepted or is a fraud. So when we come to bitcoin, everyone has their own view for it. Some people like to invest but are afraid to do because they are afraid that their money will lost into the internet.

Definitely. Any common man will never risk and sees bitcoin as a highly profitable asset or investment unless if he is a bitcoin enthusiast who never stops updating himself about bitcoin and its irresistible value. And just like majority, bitcoin will only act as a digital currency that until now it's hard to regain its own global adoption because majority of the countries are still not open about bitcoin.

However, if you are highly knowledgeable and skilled about having bitcoin to be trade or invest, then you will come to defend bitcoin from those who think it's not worth our time and money and eventually educate them the real value and purpose of bitcoin.

That's due to a lack of knowledge among the common people of the world, and it isn't the case with everyone even though you can find such people within the crowd. Some people are so obsessed with traditional financial systems and centralized authorities that they would never think of anything else being used as an alternative solution to them. So if you tell them that they can use Bitcoin to store their money privately without anyone knowing about where they are and how much you have, they wouldn't believe you and would think, as you said, that their money will get lost, lol.

Anyhow, some of such people do understand if you try to explain the whole process to them one by one. You tell them how Bitcoin came into existence, how it wasn't accepted by anyone in the initial days, and how much it struggled to move forward going through all those hurdles on the way, but one would ask themselves, why do we need to do that by the way? It's not like we are going to get some referral commission if we refer someone to Bitcoin.

So, people who don't believe in Bitcoin or think it's a scam or anything are missing out on it, and it's their bad and not ours.

The reason for bitcoin is not to replace fiat, fiat will still be recognised as a currency. The reason why bitcoin was created is to help people financially and the idea was never to replace fiat. Looking at the volatility of bitcoin,  how people benefit from it can make you to understand why  bitcoin was created because the banking system is not helping at all instead it is killing the value of peoples money when money is stored in the bank, but bitcoin is here to add value to people's hard earned money.

The idea of Satoshi creating bitcoin was not to make people rich but to add financial value to the life of people. Bitcoin is what anybody from any financial class can invest unlike other investment that is only made for the rich.

What you said is not completely wrong, but that does not mean that everyone who invests in bitcoin will increase the value of their assets, there are also people who invest in bitcoin and lose money. Bitcoin is just an investment like any other, and whether you lose or win depends on your knowledge and skills. Bitcoin just gives us an opportunity and it is up to us whether we take advantage of it or not. Don't exaggerate that bitcoin was born to increase value for everyone when there are still many people who lose money when investing in the wrong way.

Bitcoin is still an asset that anyone can own, but I believe that with its current growth rate, sooner or later it will become an asset for those with money. The poor will soon be unable to access it as prices and transaction fees continue to rise.

Bitcoin has proved to be a profitable coin and for common man there is nothing more money making than a bitcoin but just money is not necessary for investment but knowledge and strategies are also very much important to make your investment better with better coins investment.

The main thing about bitcoin investment is that it is not losing its whole value due to bear season and if its success was not guaranteed then we will not examining it as a profitable coin from years or even from the date of its origination.

Not because Bitcoin is out to destroy the dollar, heck no. Its about YOU, the everyday person, taking charge of your money. Excited about Bitcoin? You have every right to be. This system, Satoshi knew what he was doing, it puts power back in your hands, not some fancy bank's. Its your money, you should see it grow.

Banks? They're not your friends. Your money sits there doing nothing while inflation eats it up. Bitcoin changes that. Its a smart move in a world where the system just isnt fair.

Dont think Bitcoin's some rich man's game. Anyone, and I mean anyone, can get in on this. Its about opportunity. Yeah, there are ups and downs, but think big: big risks can mean big wins. And when banks are against you, Bitcoin is your chance to fight back, to build something for yourself. Get smart, do the research, and join this revolution. Bitcoin isnt just money, its a chance to rewrite the rules.

In a realistic point of view, those who you call 'common man' are most of the time not interested with investments because for them it is not practical and they have to deal with more important things on a daily basis such as bills and other daily needs. Many people have the same idea about investment, which has something to do with risk of losing, and unfortunately, they are the ones of the category who cannot afford that tendency because for them that money which has a chance to be turned into a loss, could be more useful with the things a man needs to 'survive'.

Also not to mention, Bitcoin is not known by majority of people also the idea that not all people who's aware of its existence, are interested in the first place. Therefore, no matter how good we view Bitcoin is, as an investment, we cannot force the idea to those who are not into it. Wait for them to have the initiative to engage. Sharing to them the idea would help but again, there's no need to things on their end.

We are all that common man we do do all know, it is really just that our knowledge and intellect and awareness about surroundings is something that would really be differing to each other when it comes to
face up those possible challenges and opportunities that we might be able to encounter along the way. It is really just that depending on the actions made on which there are ones who are really that loving to take up some risks and there are ones who doesnt really have that kind of plans or goals that he/she do have in life and this what makes that kind of differentiation in regarding about the status or results into their lives
once that outcomes that been known or shown up.

Bitcoin investment? We are all called be common man but its true on what you had pictured or exampled out that its something to those people who are minding about on how
to survive on day to day basis on which they are the ones who are really that trying out to focus into that point and doesnt look around about those opportunities on which they could really be able to make their lives way more better.

This is basically the way life itself on a general sense is, because no one would ever appreciate something that he or she has already condemn from a far without getting to know the full details of that thing and that's the same way many people and some government in general have looked at Bitcoin.  Bitcoin today has been of more help than the problem it has caused to the general society and if don't come close to it then it would be very hard to believe or have faith.

The period in which a person might get profit isn't always fixed, but you are right that one should make their mind when they are investing in a cryptocurrency that it can take a very long time for their investment to become profitable and the money they are going to invest should be spare money which they shouldn't need anytime soon so that they can keep holding their assets when the market is down until it goes up and they get some profit.

Sometimes, one might see their investment garnering great profit even within a few months just like how Bitcoin went up from $27k to $73k in a matter of months which means those who invested in Bitcoin in September last year, must have earned a lot of profit on their investments by now.

Basically it is not our responsibility to ask why they end up bad when investing.
But speaking of morals, we are obliged to tell them why they experienced losses when investing.
Confidence in investing will be formed when people understand how to do it correctly, that's why they need to learn first before investing. There is no loss if people invest based on knowledge because they can make decisions when investments are not going well. For example, when they invest at a slightly more expensive price, when bitcoin experiences a severe correction, all they need to do is wait for the increase process so they can avoid losses.

I can tell you for a fact that I do not actually hodl Bitcoin so it pumps and gets me rich. I actually think that Bitcoin is done making people rich as fast as it did.  In the next 14, we can’t see the same ROI as the past 14 years. So, how much do I want to invest and say I’m trying to get rich. And I can also tell you that if I see a way to make the payments of the things I do using Bitcoin, I’d gladly take it (considering the fees are reasonable for the amount being transacted).

What they need is a piece of advice and courage but not the way we have to force them. Instead, we let them decide and manage themselves.
A lot of people heard about Bitcoin investment but many of them have a lack of interest due to a widespread scam issue making them doubt it. If we are a close-minded person, no matter how many advice and good news we hear about Bitcoin, never it happens we be able to appreciate it. That is why Bitcoin is not for everyone, not for those who have doubts and uncertainties, and much more for those who are afraid of taking risks.

I mean what I think it all boils down to with the "common man" is that the "common man" the every day Joe, so to speak, tends to lack the drive to educate and teach themselves about how things in finance work.  They tend to look at bitcoin and say "that's not what money is, no thanks" but they don't study the underlying principles.  I wish the "common man" would, but I'm not sure if many are intelligent enough to pick up these important aspects of bitcoin, sadly.

It true Bitcoin cannot pump as it did in the last 14 years but I tell you one thing for sure, Bitcoin is not done with the bulls. In the next couple of years those who miss out the opportunity to invest now, will say had it been I knew. The fact that Bitcoin price also works on the principal of demand, supply and scarcity, after we must have experience two more halving the price will certainly be on a serious bear when you zoom out from the entire price movement. I know, due to the movement of Bitcoin most investors have given up that Bitcoin cannot go for even a x2 anymore, but I tell you all you need is patience, Bitcoin is not a get rich quick scheme so you much be disciplined enough to hold for long term.

It was not going to be expected that every Bullrun or every new ATH needs to be x2 in the previous ATH. But what we believe is that every bull season the price of Bitcoin will break the previous record. The thing here is that acquiring and holding Bitcoin is not a waste of time which common people must know it and they should not be driven by fear and worry that investing in Bitcoin will end in nothing. What they need is proper education and guidance, they won't gain courage if they don't clearly understand what is this all about.

What is clear is that bitcoin is not for ordinary people in my opinion, this will be difficult because in fact not only ordinary people can enter bitcoin, as the OP implies in the final sentence like doubting what he wrote in the paragraph above about his thoughts, for me bitcoin is only for those who want bitcoin, like bitcoin was not born for people like what and how in terms of human criteria, bitcoin was created for people who are fed up with banking fraud, I think the answer we need to go back to why bitcoin was created.

It would not be correct if you consider Bitcoin only for common people because you have to make Bitcoin applicable to all classes of people. Bitcoin is not treated equally in all the countries of the world especially Bitcoin is considered as an unknown banned currency in most of the countries of the world where as you common man Bitcoin does not have that much impact.
If Bitcoin is used by ordinary people in countries where Bitcoin has not yet been legalized or where strict warnings and prohibitions have been given, then it will become money laundering according to the rules and laws of that country. As a result, even if the general public wants to, Bitcoin cannot be used spontaneously in all those countries. As a result, in some countries there is still a great interest among the people in using Bitcoin, but only according to the rules of the country's legal framework, the use of Bitcoin is out of the reach of the general public.

Its not for ordinary people knowing that market is volatile and for sure they can't handle it so well especially if they don't have enough knowledge on how to deal with. Also not all can do their research about it since maybe they don't have any interest or just afraid to get involve since there are lots of negative information spreading about it. But if they can able to do a research maybe this people would able to learn the positive side of bitcoin and provably we can see them trying to participate on anything that can benefits them.

But I don't also think that bitcoin is for people been fed up by banking frauds but rather this is for all people who want to adopt the changes in technology and want  take advantage of the benefits they can get for bitcoin since the potential for it so for is so high which those ordinary people can't understand.

Well, you can’t expect for a common man to chase about bitcoin because for obvious reason, they don’t see bitcoin as a real investment or currency, but a big scam that is trying to create a big FUD in the financial industry. I knew it based on my own experience way back then. But things had changed when I got educated about bitcoin, and now as I see it, the most valuable and the most worth investing compared to other investments.

btw why I say that is the last time you were the one who asked other people's reasons why they gave up, so my discussion lies in discussing why people sometimes give up on bitcoin.

But on the one hand I also feel that I personally have to remind regardless of what decisions they make, still we as people who are in the same field must still remind each other about each other's decisions where every step even in bitcoin is everything we do is up to us but but there must be someone who reminds each other so that when the decision we make is wrong then we have someone who can remind us not to make the wrong decision.

And how can you determine that the decision you made is wrong and how can someone remind you not to make the wrong decision if the result of your decision was not determined if it is correct or wrong? Aren't we only being able to do that once we finally make the decision?

Also, if it comes to Bitcoin investment, not everyone is in the same situation where we can be patient until the highest peak. Some have been able to invest but, in the latter, they unexpectedly need the money for other use. They will be left with no other decision but to give up their investment for their needs. Can we still call this a wrong decision even if it comes to personal needs?

common man are very obsessed with becoming rich, while rich people will continue to try to increase their wealth because they are afraid of being reduced to common man. It is very realistic for a common man to have a dream of becoming a successful person in the future, but if he fully hopes for Bitcoin in just a short time, it is very unreasonable because Bitcoin is not a get-rich-quick investment scheme. Patience plays an important role in investment because the main aim of investment is not to make investors rich quickly, however investment must be carried out with patience, strong commitment and remaining calm when the market fluctuates.

Yes, Bitcoin was like the bright light at the end ot the tunnel because the goal of investors investing in Bitcoin is only to increase the number of assets. If ordinary people want to be free from financial problems, they must try to live frugally so they can continue to consistently invest in Bitcoin. Long-term investment is very suitable for ordinary people who want to change their lives in the future, but as explained above, patience is needed so as not to take investment funds before reaching the specified target.

People don't loss through bitcoin investment because of Bitcoin's fault but in reality they loss just because of their own fault as they don't understand the market and dive into the market with little or no knowledge.

You will be confident about your investment if you have knowledge and you will not be afraid of making any decisions but if you don't realize anything then your investment will be weak and your decisions will be faulty.

Don't think about people that at which price they are buying but create your own ideas through your learning abilities as your targeted profit and invested amount will be different from others.

Of course there will be many more bull runs. Matter of fact, we could see hundreds of thousands of dollars, and hopefully millions as well, but even Bitcoin at 1 million dollars is just about 14x of the current price. So that’s what I mean. It can go to as many times of what it is today but the multiplier(x) won’t be much like it had been in the last 14 years.

Advice, courage and knowledge will lead them to achieve success in investment in Bitcoin because in this way they can find the real source of truth.
With the existence of knowledge they can understand what is fraud or not because without their knowledge it will be difficult to recognize. Bitcoin can provide benefits when run correctly so that the risk produced is also small.
It is important to understand investment so that people can run correctly and know how to minimize risk. Because many people are trapped with huge profits but they do not understand how to make the right investment.

Cryptocurrency is the voice of the common man. In a world where the present fiscal framework is in favour of the rich and the financial institutes, bitcoin and other cryptocurrencies are the right tools for the common man to get a piece of the pie.

The one thing that you can never forget should be the fact that we are talking about short term when we are talking about volatility and risk, not long term. A lot of people fear and sell, that would be understandable, and that's a wrong move which I do not support at all.

However, if we are talking about a situation that is getting better and bigger, then we could start to talk about something different. If you want to hold long term, like look at it for a 5+ year perspective, then we can consider it as a great investment, because even if you buy bitcoin at the peak of the moment, in 5 years time it will still be higher, take ANY moment in time, and put 5 years into that date, and bitcoin is always higher, that's the important thing.

Those who invest in bitcoin certainly have hope for the future because there are so many bitcoin enthusiasts and the limited supply of bitcoin is one of the things that makes people interested in investing in bitcoin.

However, of course investing in Bitcoin does not guarantee 100% success because the price fluctuates. In essence, investing in Bitcoin still contains risks. For me personally, investing in Bitcoin is of course a side business and only money that is ready to be lost is worth using to buy Bitcoin, so yes, by investing in Bitcoin, we have hope that those who don't invest in Bitcoin will never get a profit from Bitcoin.

Yes, patience is really needed when investing in Bitcoin because without patience it will be difficult for us to achieve success and also the knowledge and money that is ready to be lost is worth using to invest in Bitcoin.

this is a good topic op and encourager for those who invest in bitcoin and those who will invest in bitcoin.

You have to read from the beginning of what i discussed so that you know the problems that occur because we certainly know when someone comes as a fomo and leaves when we are losing money it is the wrong decision we don't need to weigh anything to know whether it is the right decision or not because it is certain when we come as a fomo and decide to leave when we are still losing money it is the wrong thing .from the starts of our discussion ive discussed the reasons for those who left and decided to sell their bitcoin and it is clearly the wrong decision when they sell at a loss without having to look further and without the need to consider anything it is already the wrong decision unless you have other views that you might consider correct when selling at a loss .
Yeah agree and i know all will definitely not experience the same situation but where we have different indications and experiences in every action in crypto but that does not become a logical reason when a fomo who does not want to learn bitcoin and only sees the positive side without seeing the risks and leaves at a loss it obviously still won't be justified because its just a wrong decision and he doesn't know what the benefits of being in bitcoin are .

Definitely, patience is required to succeed in virtually every business area including bitcoin as an investment but a lot of people lack this patience resulting to lost of funds. This is one of the reasons what why we are encouraged to invest in bitcoin as a long term investment rather than short term because of it's volatile nature we can run losses at anytime because the market can not be predicted accurately hence it fluctuates.

It's not all about the money that is ready to be lost, it's about a spare amount of money that one can afford to loss which means if you have a thousand dollars and if hundred dollars can be lost without you bordering yourself too much then it's what you can do with our and that's the kind of money that is need for bitcoin investment.

Bitcoin just primarily helps with cross border payments. Every other thing, to a layman, is an add on

There is a real chance of gaining money later on if you invest in bitcoin. Furthermore, the people who have done so in the past have never regretted their choices. Furthermore, the restricted supply of bitcoin makes it more intriguing, which sets it apart from fiat currency, which does not produce money and has an excessive amount of money in circulation in contrast to bitcoin's limited supply.

While there are still avenues you may pursue to get aid, even though bitcoin does not guarantee 100% success, it will take some time before you start realizing the exact results you desire from your investment. However, depending on your ability to profit from market opportunities and implement appropriate risk management strategies, the risk associated with bitcoin may also work to your advantage.

When it comes to bitcoin, having calmness and patience are incredibly helpful because things won't always go as planned. What you want is determined by the market.

Maybe it's the perception of the layman himself that makes it difficult for us to discuss in one direction here because it seems like it's different from the understanding of the layman himself for me and you so that it creates different perceptions here, but it's okay maybe that's the splendor of the discussion, but in other perceptions we have the same thought that bitcoin is for people who want to be with bitcoin, it's the nature of "desire" that makes this the same even though of course the goals and ways must be different in getting to know bitcoin, whether it's through friends, social media and others so that the layman wants to learn bitcoin and wants bitcoin to be present in his life to gain benefits.

two things are involved for investment of Bitcoin before you invest in Bitcoin you have to check if we are in bearish season all we are in bullish season because these two things are important for bitcoin regulation when you mistakenly purchase Bitcoin when the price is going high you may lose your capital because it might decrease in value but when you purchase bitcoin when the price is low you will be at advantages because there is every probability that the price of Bitcoin may increase in the market or not that is why many investors like to invest in Bitcoin when the price is low and start waiting for when the price will increase so that they will make profit for their investment

What you mentioned, I think, is more precisely like trading Bitcoin by buying when the price is low and taking profits when it rises later and indeed these two things are very understandable for those who want to invest long term or short term in Bitcoin and for those who investing for the long term of course they will collect their Bitcoins gradually and will hold them in the long term so they can take advantage of the investment they make, but for some people who invest in the short term of course they will carry out analysis when buying Bitcoin so that they can buy at a low price and will take advantage after experiencing a price increase later.

Either buying during bullish or bearish, all what matter most is the ability to be able to hold for long.. Bitcoin reach its highest ath recently after being bearish for years. Some will have sold out their token in lost out of fear and impatient. But anyone who hodl till now no matter what level he bought will have made profit from it. So hodling is the real secret to make it well in this space.

Whether the low or high is subjective and it rely on how long the user is holding the assets which determines the profits. Whenever we say investment it generally should be a long term investment so they no need to worry about the short term dumps or even the correct while they can maximize their profits if they manage to get into the peak of the bearish run and cashout at the peak of bull run.

You've said the word for most common man that needs to be applied and that is being "patient". Without this, one cannot achieve being great in Bitcoin because it's one of the most needed character as an investor or holder need to have. You need to be the most patient guy because as we all know, this is a roller coaster ride and today might be bumpy and tomorrow might be bumpier that you haven't expected to come. So, that's why you need to have this character as you invest and you'll learn this for every investment that you're going to get in. As for the people that have invested a lot on Bitcoin and even earlier, they're one of the most patient guys that have believed and trusted it. That's why you and me will certainly change our lives forever with it if you're truly believing to what Bitcoin can do to our lives because it's not just an asset that you'll have to hold but the value of it will increase more because of the adoption that's happening on it and with all of the fundamentals that we're seeing that surrounds it.

It also stems down to other aspects that serve like as a tool to the successful financial life that we all are pursuing. One is consistency and the other one is hard work or dedication. When you are introduced to the cryptocurrency, one thing that is advised for a newbie is to be consistent. But before being consistent, he also needs to be hardworking and dedicated to the course.

Bitcoin is all about knowledge and the only way you can reap and attain mastery in your digital assets is through consistency and hard work. So this is something that I must advise everyone who is ready to venture into Bitcoin. It is for them to truly be ready to sacrifice their time, their knowledge, their efforts and be consistent in doing it.

You make a good point, iBaba - consistency and hard work matter, but don't guarantee youll master Bitcoin and  this stuff changes all the time, so we all gotta keep learning if we wanna understand it.   
I also dig how you said there's a difference between dedication and sacrifice.  No need to give up everything for crypto success.  Putting in time to learn the landscape is plenty good enough.   

And finding balance - now that's the key ain't it? Research carefully, invest what ya can afford to lose, tune out the hype.  Do that, and your headll be on straight in this crypto game.

Mate, the common man needs a place to buy bitcoin from and a place to spend that bitcoin on, if they are going to have any use of it. Now most countries in the developing world, have not got these in proper numbers, heck crypto transactions are being taxed heavily in some countries. So the common man is at a loss and they would rather use fiat over bitcoin, than go through all these idiotic paths.

Things might change in future but for now this is what we have. If you dont live in such a country, good for you, but to remind you that many live there too.

If what is held is Bitcoin, it will actually be clearer about the direction to achieve what goals, because in this long period of time everyone has probably seen how the value and price of Bitcoin has increased. So subjectively what you say is true, this really depends on how long someone holds it, because we all probably know that in a four year cycle there will always be changes in the price and value of Bitcoin in the eyes of many people. So everyone has to clarify what they are holding so that they can wait for more real profits even though no one can guarantee when we will get profits through something.

Buying bitcoin does not make you profitable when you make it under bullish period because price is already higher so if you buy at higher worth then how you will take benefit if price stop at that worth to grow.

Holding is greatest strategy but if you buy at lower price then wait until bullish period arises so your holding can become worthy. Holding from bearish upto bullish period is a suitable option for getting precious profit which will not drop your money but you should sell at the price higher than your buying price.

Patience is a very good virtue in all aspects of life. However, in my personal opinion, patience in investing is a bit different, especially in emerging markets like cryptocurrency.

In investing, if you choose the wrong type of asset, your patience can lead to very tragic results when you cannot flexibly exit before it is too late. With Bitcoin, everything has gradually become clearer as it is being recognized by the world as a valuable asset. Many people, I think, cannot be patient in holding Bitcoin largely because they do not understand its value in the long-term future, still viewing it as a type of speculation rather than investment.

Therefore, whether an ordinary person can hold Bitcoin long-term depends on more factors than rich people. With rich people, they view it as an asset that stores value and there is no need to sell it because short-term profits may not be important to them, their purpose is just to preserve their assets in the long term. As for ordinary people facing financial problems, short-term profits may be what makes them think, so selling Bitcoin in the short term is understandable.

If you want to profit according to your needs, you have to keep BTC in the holding for a long time. Short term Businesses such as trading do not go with bitcoin - otherwise you may lose the business. Bullish periods help limit your leverage and encourage more BTC holding.

As the sell price time frame increases over the buy price, you will emerge as a stronger BTC investor. In this case, there is no alternative to financial solvency as well as honesty. It is easier to benefit from long-term BTC investments if your household spending sources are stronger.

Once a person gets introduced to the use of the bitcoin and they cant afford at all or they want to help other they keep urging those people to make an investment or else they will missout on this one-of-a-lifetime event. Ive seen a lot of this keep encouraging people to make an investment in bitcoin because they keep telling its the future, people have different perspectives, if you are a person who keeps in mind the job for 8 hours or has other sidelines and doesn't want to make an investment to the things you don't have an idea, or a person would like to risk on their life at least once with this. I guess its better not to push too much people if they don't want to invest, help those people who just want. Bitcoin is available to everyone but not designed for everyone.

Not everyone can afford to risk money, but it's important that they have to start with savings as the baby steps if they have dream of changing their financial status one day. It doesn't necessarily they have to invest straight away, but if they feel Bitcoin is the one then they can start looking into it and get some at the perfect time. With no efforts there won't be any changes in our life is the hard fact.

I believe it’s hard for a common man to be highly patient with bitcoin, knowing any common man gets emotional and easily gets depressed when bitcoin expectations are not met. However, if he gets into bitcoin deeper and becomes highly knowledgeable and well educated about bitcoin, he will come to understand that patience is a virtue in all bitcoin activities. Without patience, one cannot simply succeed with bitcoin, be it investing or trading.

Long term investors don't have to buy bitcoin only during the bear market, because it will slow down their bitcoin accumulation journey, especially newbies. It is better that you keep on buying weekly or monthly with 10% of your income and build up your bitcoin portfolio overtime, because you are preparing for the future. Anyone that want to accumulate bitcoin only during the bearish season might end up not having enough Bitcoin in future, because he failed to accumulate bitcoin regularly.

I consider that to be short sighted and dumb, and spreading such a negative information about Bitcoin, Bitcoin has made a significant outstanding performance from it's invention, and has proven to be the best when it comes to the world largest digital asset, it has made a tremendous increments in value and widespread adoption, have you consider those that bought Bitcoin when it was as low as $10k and has held it for long, Bitcoin is best performed when view on a long term perspective of about 4 to 10 years or more where you will have the compounded value of your investment over time.

If you must succeed in bitcoin investment you must element of patience, this is the character that can make it possible for one to achieve greatly in hodling Bitcoin. The reason why some people find it difficult to hodl bitcoin is because of greed and desperation of making money so quick from bitcoin. No successful hodling without exercising patience.  I know sometimes it is not easy to do this because of some challenges that one might be going through but hodling is still necessary,  if you look on to the present challenges you may never hodl bitcoin. 

Patience is just all we need to stick in hodling Bitcoin and doing so one will definitely get that good profit dreaming of getting. With no patience their is no profit in bitcoin.

Am average Joe can only become rich with Bitcoin if the following factors are considered.

1. Investing only the amount of money he /she can be comfortable with( investing only what he or can afford to lose)

2. Must be committed to using the dca strategy either weekly or monthly according to his or her financial situation

3. Stay focused and objective

4. Must have self conviction ( not doing it because that is what everyone seems to be doing or talking about)

5. Must be psychologically prepared for the uncertainty that may or may not happen

6. Must be ready to learn more as time goes on

7. Provisional emergency, reserved and float funds as much as he or she can

8. Must understand how much of discretional/disposable income he or she has

9. Must use a safe storage

10. He or she doesn't have to sell for few dollar profits

11. Must not see Bitcoin as a quick and get rich scheme


It is never a good idea to invest all your money, investing all your money will definitely tend to increase your emotional instability when there is a downward trends in the market, it is also very important you make provisions for your emergency funds to enable you not to sell your investment in times of emergency, Bitcoin is not a quick and get rich scheme.

Being patient is a necessary condition not only in Bitcoin but in all investments. Achieving excellence in investing is difficult and in some cases impossible, but being patient can lead to a high-return outcome. The urge to win quickly leads people to make mistakes. You are right about this. Being patient by acting within a certain plan is one of the characteristics required to achieve goals.

We all want to reach our goals immediately, but the market has a structure, acting within this structure and being patient will benefit us in reaching our goals.

Anyone who follows your advice is definitely going to end up in a big financial situation that he would regret, how would someone invest all of his money I to bitcoin without keeping his emergency funds or doing proper calculations to make sure he isn't choking himself by over investing more than he should or his income allows him to into bitcoin.

It seems you don't know the role of emergency funds and your view of bitcoin is pathetic, emergency funds is like an Insurance that you don't sell off your bitcoin so early than you should due to any state of panic or un planed situation you find your self In, when people find themselves in emergency and they have no spare cash their instinct would drive towards any thign of value they can sell and in this scale bitcoin, so to avoid a situation like this to happen it's good to account for emergency funds in other not to be caught off guard.

And bitcoin is not a ponzi scheme that you just invest all your money into, expecting a miracle, you should also know that anything can happen and you can end up losing all your funds  or your investment fails to produce profits in the duration you plan to expect it.

Bitcoin doesn’t just come to you does it, you don’t own Bitcoins or even factions of it by being patient. You’ve got to invest in the industry at some point. This means you need money from some stream of income to do that. So you work, save up and start your Bitcoin journey with an investment. Afterwards, your other virtues to hodling successfully could apply and that be patience. No many would want to trade because, they hope to make maximum profits on this but, many at times, it’s turned to be a failed move by beginners who go hungry for profits without proper experience on how to trade the Bitcoin market.
You don’t need a skill to hodl, just a clear determination to do so and disciplined enough to not doubt the process.

The overwhelming majority of common men do not have lump sum amounts to invest into bitcoin or anything else. So one of the best things that any common man can do is to create his own situation in such a way that he has discretionary income - which means that he has income that is extra as compared with the level of his expenses - so that when he invest into bitcoin, then he can just continue to build the investment.  He is not waiting, he is continuing to build little by little by little through the years.  And, so yeah, with regular investments, he might not end up making much if any progress, even if he puts value into such regular investments.. and also with regular investments, he might not be able to invest $10 per week or some modest amount, yet with bitcoin there are ways to invest small amounts on a very regular basis and over a long period of time.

So, patience may well not be a passive activity, but a kind of activity that is ongoingly reinforced through continued investing into bitcoin and setting aside the stash that over 10, 20 30 years or so may well end up providing a lot of opportunities, even though it is not guaranteed, but if a common man takes measures to protect his stash, then he will have decent potentials of putting himself in a place in which he has more options.


The most likely absence of large capital is part of the advantages that bitcoin helps to achieve for the common man.. If the guy has large capital then his situation is advantages, yet with bitcoin large capital has chances of being built through years, and years and years of ongoing accumulation using relatively small amounts that build with time.. again no guarantees, yet bitcoin continues to appear to be one of he long term greater of asymmetric bets available to someone who is starting out with relatively small capital or little capital to build his capital by putting time, energy and value into bitcoin.


Your ideas sound really mixed up here.

With bitcoin, there are needs to think about trading or fucking around with various shitcoins.  For the common man.  Just stay focused on accumulating bitcoin as aggressively as you are able to do without overdoing it and while making sure that you are safeguarding your coins... and there are no reasons for common men to devolve into trading, gambling or screwing around with shitcoins with some kind of a belief that they need to try to expedite the process of becoming rich because they are poor, and if they think like that, then they are likely going to have fun staying poor if they cannot remove themselves from get rich quick thinking, gambling, trading and/or fucking around with shitcoins.

So even if some common men might ONLY be able to invest $10 per week and it takes him a whole year to get $520 invested, every once in a while he should be removing those accumulated amounts from third parties (such as exchanges) and then moving them to his own personal self-custodial storage ways that are hopefully secure... and maybe at some point advancing to a hardware wallet, yet there are other ways to secure amounts and the level of security might vary  depending on how much you want to store and to assure that no one can access the coins except for you and/or your designated beneficiaries in the case you die or otherwise become incapacitated.


Yes.. it is too fucking bad, if you don't have any discretionary income, then you cannot invest.  So yeah.. life is unfair, but what you going to do about it?

If you never can figure out a way to establish some discretionary income then you are never going to be able to save or invest into anything.

With bitcoin you have to be able to put away money and to be able to forget about that money for 4-10 years or longer, and surely the more that you can scrounge up then you as a lower class person, you may be able to pass up a middle class person who did not save and/or invest.

The ONLY way that you can invest is by somehow figuring out a way to have a discretionary income to earn more and/or to cut expenses, so that whatever you invest you are not going to need for 4-10 years or more.. If you cannot do that, then you won't be able to get direct advantages from bitcoin, and you will ONLY get indirect advantages of bitcoin as a system being more fair than current status quo debt based (fiat based) systems.

I wil admit that there are a lot of folks who are really in bad shape in terms of their income and/or their expenses, so they have to either increase their income and/or cut their expenses to create a system in which they have discretionary income, even if it is ONLY $10 per week... What else are they going to do?  A revolution?  I mean there is ONLY so much that anyone can do to figure out if they can increase their income and/or cut their expenses so that they are able to invest in bitcoin and/or anything else.

and yeah it can frequently take 30-40 years or longer for someone to really save up and potentially get ahead, and sometimes when trying to save up and invest through various fiat systems, you are not fucking going to get ahead, so at least bitcoin provides some possibility of hope of getting ahead for some folks who are able to at least figure out a way to establish a discretionary income in which they are able to save and invest and to tuck away some amount that hopefully is small enough that they ar not going to need it and that they can build their nest egg of bitcoin (satoshis) and protect them while they are stacking them.

I understand what you mean and where you're going. yes. It's like poetry, but if it starts and runs, it will be extraordinary. BTC is for everyone and the good news is that Bitcoin holders are growing and expanding right now and this is a strong signal towards larger numbers despite the current downtrend.

At the moment everything still looks bullish, although the $59K price round acts as the right resistance but the price prediction will be high after this halving is over is not impossible this year and will head above $100K Btc and most likely will be exceeded and of course step by step.

How many common man is investing in Bitcoin today? People hide under the shadows of pretency claiming to invest why they do not. The reason why the poor get poorer and the rich getting richer is this:
1. They don't take important opportunity serious. They always doubt, procrastinate and want to see result before investing. Even when they are convinced they will not be satisfied until there is no much or less opportunities anymore. Bitcoin was for the Common man but the common never took it serious and others did so I doubt if actually bitcoin is for common man

2. The Rich get richer, because they are risk takers, they make good use of any information given to them and use it to do something tangible. They dont doubt, don't procrastinate, don't ague, they don't want to see result before doing it but doing and hoping for the best at the end of the tunnel. They  make good use of their time because they know the importance of time.That is why bitcoin is no longer for the Common man.

The success of bitcoin can be achieved by investing in bitcoin and HODLing for long of about 10-15 year atleast with deligent, tolerance to HODl without panic of the ups and downs of the Market, consistency by DCA every week,  relentless by not being tired of accumulating. make sure you always have your emergency and reserved fund to back you up in the accumulating process. After doing al this before success can be achieved, because bitcoin is not a short cut to wealth, you must work your way out
To succeed.

Yes no doubt about it being the light at the end of the tunnel, but have you in invested on it. Because the light at the end of the tunnel is for those who are patient to HODl for a long term.

The average man gave up due to inpatient. Yes patients is indeed the key.

You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient - and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.

Yeah most majority of common do not have lump-sum amounts to invest in bitcoin, even when one may try to go all in at once as form of lump-summing purchasing as a common man , he may endup not being able to keep with his investment and handling his financial situation. Leading to that individual messing up with his investment by withdrawing on a regular after seeing his investment as the only means of him surviving due to poor planning.

So  in such situation as a common man DCA strategy would serve as the best means of accumulating bitcoin , by allocating some certain percentage of his earning  , may even start with the amount as low as $10 as his DCA fixed amount as first, aslong the individual his being consistent with it . And may be as time goes on he may tend to increase his DCA amounts Inorder to make his Bitcoin accumulation more effective.



 Exactly one just need to patient when it comes to Bitcoin investing , by hodl and the same keep accummulating.  Using DCAing and the other convenience methods in accumulating Bitcoin. With some good proper planning and discipline towards their investment. Just as said though is not guarantee but still Bitcoin has been proving it's self worthy to be among the best investment.



Yeah one not being able to establish some discretionary income won't be able to save or  partake in any form of investment at all. And this ain't encouraging at all , because one need to try all means to have some discretion if he or she is ready to change his. Financial status,  By having different sources or cut some expenses inorder to have some discretion incomes . Because having some discretion income is already a stepping stone to become successful in an investment.


Yeah you are right in Bitcoin being a decentralised transaction system and  a digital currency . But you are damn wrong one not being able to become successful just by investing or holding bitcoin. You have already scream it out that you a short sighted goal individual , Of not being able to see the beauty of holding Bitcoin. Mate tell this to those early investors that started holding Bitcoin 11 years ago holding some nice quantities till now, they are In massive profit now due to the gradual increase in value in Bitcoin over time . So there's nothing hilarious there because is just the fact that Bitcoin has changed alot of people lives for the better  by just being patient holding a nice quantities of bitcoin.

I have given up on trying to know what the price of Bitcoin will be before, during and after the halving because such exercise brings nothing but headache.  Furthermore, I consider it because I'm playing for the long term with no intention of selling now. Making Bitcoin part of my future is my ultimate goal and that is the reason I'm looking beyond quick profits. Selling during the peak and buying back might seem like a reasonable approach but I don't want to complicate things and run into problems. So I will HODL and continue adding more to my portfolio using the DCA method that I'm using to buy.

Those that dwell so much on what the price is end up selling just like many are doing now using the conflict between Isreal and Iran as excuse.

You definitely aware you are wrong if you actually think right. To be frank I will like you to answer these questions :

• Who actually HODL and accumulate bitcoin and in the end lost their money
• Those who invested in gold in the 90s or early 2000s did they became rich or broke?
• Do you agree with the term bitcoin is the new gold?, can you with this accept bitcoin as the world best store of value now?

I wonder how hilarious this is to you when you consider those in WO, also I hope you know that not only through bitcoin investment we can become successful as a bitcoiner while if this might be hilarious to you, then you need to check the Technical board here, since there are alot of bitcoin dev there who make a living in developing bitcoin project like wallet, websites and the likes

Judging from O.P's statement and yours, I can boldly say O.P wasn't actually wrong when he/she described Bitcoin as an asset for "life long success",  because looking at it's value and how BTC has skyrocketed in the past 5 to 10years clearly shows that Bitcoin was and is still remains the only asset capable to grant great return after a long long, and as such if you are lucky to have found anyone who invented a huge sum into Bitcoin 5 to 10years ago and still held on til this day (i.e HODL), you will notice such individual likely to be living a happy and successful life due to the massive increase in the price value of Bitcoin.

So in conclusion, Bitcoin remains the best and only asset to have great return over a long term investment, far better than bank fiat investment.

For sure it is going to be a huge help for someone that doesn't have a lot of wealth or just a common man or maybe just regular people out there Bitcoin could probably change your life if you are lucky and know a lot about it. Patience surely is a huge factor when it comes to investing in cryptocurrency I learned it the hard way already losing a lot of possible profit in the past years, in the past halving I already made a profit exiting the market but it should have been more if I just get patience not rushing to sell my Bitcoin I could have triple my profit easily for sure.

But let's not put everything on Bitcoin thinking that it is the only way around, Bitcoin changes the lives of a lot of people by being able to earn a life-changing amount of money, but they are only lucky at some point it doesn't mean that it is possible it's already going to happen there are always a lot of things that your gonna need to consider. Do not relay it all on Bitcoin always have a backup plan that you can use because Bitcoin is still not a guaranteed things, in fact it is still new to a lot of people, its a speculative market we just don't know what is going to happened pattern are not accurate.

The investment thesis of bitcoin is as strong as it was 10 years ago.  Sure, there is less upside potential in terms of magnitude, but there is no reason to change the approach right now as compared to what a guy might have done 10 years ago.  In other words, a guy who figures out that bitcoin is a good investment should attempt to invest as aggressively as he can without over doing it, whether that is $100 per week, $10 per week or some other amount that is within his discretionary income.

Now on the other hand, if you are trying to suggest that there is some other place to put your money, besides bitcoin, then pray tell what is that?  Hopefully you are not implying shitcoins.

The fact of the matter is that bitcoin remains amongst the best of places to invest right now, if not the best, so your nonsense about not being able to profit enough is a bunch of bullshit, because guys who got into bitcoin 10 years ago, were not very confident in whether their investment into bitcoin was going to pay off.  I know.  I was actively involved and got started in bitcoin right around 10.5 years ago, and surely there were not many folks ready to listen to me, and it is true even today, regular folks believe that they are too late to bitcoin, and the main thing that has happened in the last 10 years is that bitcoin has grown somewhat, but it is no fucking where close to being a mature asset, merely because rich folks are using spot ETFs to front run retail investors (and other normies), and so normie common men better get their brains in gear and get started investing into bitcoin rather than pouting about how they are supposedly too late, which seems to be the theme of your dumbass advice legendbtc.

Even in your own case, you have been registered on the forum since mid-2016.  Hopefully you have gotten enough BTC, or did you even think 2016 was too late?  You probably did and you are still whining about how you missed out, and you are still saying the same dumb things that fail refuse to get guys involved into investing into BTC, which is what any and all newbie normies need to be doing for their own good, and bitcoin is not going to wait around for them. . .and the guys buying the BTC spot ETFs are going to try to front run the normie newbies, but even those guys are a bit slow in terms of getting in, so any normie newbies who are getting into bitcoin now, better figure out ways to get started and to get as aggressive as they are able to be with their investment into bitcoin and hopefully they can establish a 4-10 year or longer investment timeline..and then see where they are at 4-10 years down the road.  Of course, if they can front-load their investment into BTC, that is fine too, but many folks are not able to front load their investment, so they just need to create some kind of a practice in which they are investing regularly, such as weekly and then just keeping their investing into BTC going... and even though there are no guarantees, they can hopefully learn as they go too and figure out how to tailor their BTC approach to their own particular circumstances.


Don't be fucking around with crypto, or lotteries or gambling.. just figure out a bitcoin strategy and build your bitcoin portfolio for 4-10 years or longer.. so stop your nonsense by suggesting "crypto".. start with bitcoin first, and then figure out later if you want to get involved in shitcoins, but you should develop a bitcoin strategy first.


Start with bitcoin. Don't be fucking around with shitcoins.  Start with bitcoin first, with whatever extra cash that you can set aside, and then as you get started and study bitcoin you can decide the extent to tailor your investment into bitcoin as compared with other trade offs that you might have including if you have an income that comes from employment or if you have needs to invest into a business in order to generate income, which could end up taking away from some of a guy's ability to invest into bitcoin.  Each person has to balance these kinds of matters, but everyone should get started with bitcoin, and don't be thinking about shitcoins or trying to consider shitcoins as the same thing (or a similar thing), when they are not.


A better way to explain bitcoin is to suggest that it is a way to preserve your value.  Sure it is not guaranteed, but if you take a measured approach and continue to put money into bitcoin over 4-10 years or longer, there are decently good chances that your wealth is going to end up being preserved better by having had put it into bitcoin rather than in other places, even though in the short-term you might feel long periods in which you are losing value, but the way that bitcoin is designed it is quite likely to have good chances of continuing to increase in value... and you can also learn about it as you go, including learning how to hold your bitcoin in private ways (private wallets - and to secure them for yourself or for your heirs).


Yep.. You can ONLY invest into bitcoin (or any other investment) with extra money that you have.  You cannot invest with money that you are going to need in the next 4-10 years or longer.  So if you are real poor, then you might ONLY be able to invest $10 per week into bitcoin, rather than $100 per week, and if you cannot afford $10 per week, then you are not going tyo directly be able to benefit from bitcoin, and perhaps you would just indirectly benefit from bitcoin causing more fairness in the money, even though you personally don't have any discretionary income.  You have to have discretionary income to invest otherwise you are gambling rather than investing, and it is not good to gamble with money that you need for your expenses.


That is one of the advantages that we have right now.  We know about bitcoin, so we can invest into it and build our stash., and yeah, maybe in 10 years we might be able to accumulate 1 or 2 bitcoin, or maybe we will only be able to accumulate 0.1 to 0.4 BTC.. and maybe that will still be a lot of bitcoin in 10 years.  We should attempt to do our best, since we cannot know for sure how much bitcoin is going to be worth in 10 years from now.. or even later.  There are a lot of people who invest 30-40 years of their lives, and with traditional systems, they might never get anywhere with their investment.  It seems that even though bitcoin is not guaranteed, it seems to be a good place to put extra value as long as you are able to figure out ways to protect that value accumulation.

It quite literally is.

You are correct that Bitcoin is a utility and people recognized it to be a valuable asset so they started owning it and more and more people saw its potential so now the demand of it hikes up therefore making it an investment because as you own one you are hoping that more demand kicks in so that you can sell it for profit

Please don't say what will confuse people.  What is your definition of investment?
Bitcoin can also be considered to be an investment because when you put money into bitcoin you are expecting to gained good profit from the capital you put in bitcoin. Anything you put in money to get profit after sometime is an investment.  Bitcoin is considered to be a digital investment. When people are not willing to make physical investment,  bitcoin is one of the digital investment that you can think of. Bitcoin is a longterm investment people can always look up to for profit by hodling.

Impatience is the main reason people lose money in the investments they make. I think we all know Warren Buffett's famous quote "The stock market is a device for transferring money from the impatient to the patient", it applies to everything, not only to the stock market, it's for any investment. Even if you open a restaurant you can't expect it to be full all the time few days after the opening, it takes time to build a reputation. Unfortunately because of the influencers many people think they can become rich in a few weeks.

Very true as a common man all we need is patience in other to grow.
Investing on Bitcoin is one of the best investment in the world right now and Bitcoin investment needs endurance in other to gain profit.
The best thing to do when investing on Bitcoin is to invest and forget about it because it needs time, when you invest on Bitcoin and then put your hope in wanting to gain profit quick it will cause you depression, invest on Bitcoin and give it time, give it more time and you will be proud you were patient.

This is a behavior that often occurs in humans because we are unable to control ourselves so as not to be greedy in producing anything. Investing takes time because we are talking about market conditions and if this process cannot be passed then someone will experience bad impacts.
Bitcoin is indeed more reliable if it is used for the long term and people do not need to check it all the time. When the long term is the investment choice we make, we just have to wait until Bitcoin exceeds the price we want.
Patience is needed in carrying out investments because with patience people can control themselves so as not to get caught up in panic, so they can avoid the risk of loss when the market experiences a severe correction.

A common man can become rich with Bitcoin if only he believes in the future of Bitcoin by considering it to have a solid foundation and not as risky as some people claims or proclaims, a common man must work towards doing what the rich does whic has a lot to do with taken risk based on believe. Bitcoin has given equal opportunity to both the common man and the rich which at the end patient happens to be a virtue, a common man can invest in Bitcoin through dca strategy it will only take longer time to have a sizeable worth of Bitcoin to grow and have a compounded value.

If you are thinking about investing, then you should be thinking in terms of a longer timeline, such as 4-10 years or longer, and then you should be ONLY investing from your discretionary income, so it is from money that you do not need for those 4-10 years or longer. 

If you are trying to play the waves, you are not investing, you are trading and/or gambling.

If you invest money from what you need for expenses,  you are gambling and not investing.

So yeah, if you overinvest, then you likely will need the money before the timeline that should be assigned, and those are all examples of mistakes... including attempting to value their assets from spot prices and presuming that the spot price will always stay the same and./or go up rather than valuing their holdings from bottom prices, such as using the 200 WMA to figure out the value of your BTC holdings.

You can get into bitcoin in a variety of ways, which include that you can heavily attempt to front load your investment, which could lead you to be in a different position from the person who comes into bitcoin more gradually and using discretionary income, and there is nothing wrong with front-loading your investment or even engaging in lump sum investing in the beginning, but you also have to be using money that you do not need, and also potentially be prepared for the BTC price to move against you if you were to have had to invested a lot at one time, then if the BTC price goes down rather than up, you should hopefully be in a position to continue to buy, and so yeah, stacking up your stash may well take a couple of cycles before you might start to be in a position to start to shave some of it off, and so in that case, you have to make sure that you are able to live during that time that you are either building your bitcoin holdings and/or your bitcoin holdings might well be growing during that time too. ..

In essence the idea is to build up your stash first before starting to sell any of it, and then once you start to sell some of it later down the road, sell in such small quantities that you don't necessarily expect to be able to buy back at lower prices whatever you had started to sell.


Not only holding is important, but continuous and persistent buying is important to reinforce conviction in the investment, and also to build up the BTC stash to a meaningful amount. 

And, sure I am not saying that everyone has to be aggressive in his bitcoin approach, but there are advantages to figuring out some reasonable amount that is extra money that a newbie can invest, whether it is $100 per week or $10 per week or some other reasonable amount that fits within his budget of extra money that he is not going to miss because he has his expenses figured out.. and he is sufficiently comfortable in terms of ongoingly putting that amount into bitcoin.


You are speaking out of both sides of your mouth since you are already suggesting to hold for a long time, but then you are talking about a fantasy of trading and trying to figure out the waves in BTC prices, and presuming that trading is better than just buying BTC and not trying to figure out when to sell, except maybe figuring out when to sell after having had been in bitcoin for at least a couple of cycles.. and maybe by the time that a person has been into bitcoin for a couple of cycles, then they can can start to think about possible selling strategies without necessarily selling large amounts.. so that would be to prioritize long term, investing rather than trading and not trying the figure out the shorter term waves, especially in the first cycle (the first 4 years of investing into bitcoin).. If you are thinking about investing and/or long term in regards to bitcoin in less than 4-year periods, then you are not thining about either investing nor long term.. at least when it comes to bitcoin..  You are likely mixing up ideas of trading and gambling and presuming that to be the same (or similar) to investing, which it is not.


That is a bad idea.  You are talking about trading bitcoin and trying to gain more dollars from it, which is likely going to be very mediocre for anyone buying bitcoin and selling merely because they are in profits.

If you think about from 2015 to now there have been right around 8 doublings of the BTC price from $250 to $64k, and so that might not sound like very much, but each doubling allows for a compounding of value, so by the time you get to 8 doublings you end up having 256x increase in value (you can see my post on the power of compounding topic (https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590)), and there is no way that you can get those kinds of returns by fucking around scalping off small dollar profits at various points and then getting in and out of bitcoin and maybe finding yourself to be out when you should have had been in.

A lot of guys proclaim that they are living off of trading, but with something like bitcoin, it is likely better to have another income source, because there is value in terms of staying invested rather than getting in and out and scalping off profits to live off of them is going to cause you to never get ahead, even if you are able to live off of your profits, you are going to end up missing out on the power of compounding that comes from any good (or great) investment, such as bitcoin.


You say a lot of the correct things jrrsparkles - however, there likely is no need to get all worked up about "perfect timing."  The best thing to do for normies is to get in and to stay persistent investing in bitcoin for 4-10 years or longer and as they are investing, they may study bitcoin to become more informed about how they might use it to their advantage in terms of the likely additional options that it will give them from investing 4-10 years or longer... so the most important things is not worrying about timing, but instead get started and to figure out their own finances in terms of making sure that they are investing from their discretionary income, which means it is income that is beyond what they need to cover all their expenses.  Probably, they should also consider their 9 factors (https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590), too.. but they do not have to have all of their 9 factors in order prior to investing into bitcoin, yet they can work on figuring ut their 9 factors as they continue to invest into bitcoin. . maybe start out small, and then work themselves into investing more aggressively into it, if they have gotten a good grasp on their 9 factors..

If the concept is investment, of course there will be no such thing as wanting to make short profits. Everything requires a process, both time, patience and the funds you use.
Instead of wanting to invest in Bitcoin for a short period of time and want to get profits quickly, you are here as a trader, not an investor.

at the very least, those investors continue to accumulate bitcoins until the next halving in 2028 without selling them. Only then can you taste the sweetness of investing in Bitcoin. Once you know the sweetness, I'm sure you won't be willing to sell the bitcoins you have accumulated, instead you will want to continue adding to your bitcoin holdings.

That's true bitcoin investment is all about being patient with your hodling. But still before one should focus on being patient alone one should ensure that he has already secure some good quantities of bitcoin stashed in his portfolio while holding. That why most times those times those that don't have enough Bitcoin stashed are always advice to keep accumulating while they hold in order to secure a better quantities , so that they can yield a better profit when the of taken profit comes.


Yeah you're right, using DCA one will need some time to stashed some nice quantities of bitcoin depending on how Their cashflow and how Persistence they are with their DCA purchasing. But still using DCA to accumulate bitcoin is one of the best method to purchase and it worth all the time .


Exactly, trading with your Bitcoin is never the right call , you are only reducing the potential of your holding in  given you a better profit, in a long run . So it's better to stick with the usual which is to accumulate and to hold , than buying when price low and sell When there's any slight increase in prices. And Bitcoin will soon get to a point when one is going to need a large amount to secure a good quantities for theirselves. Like when bitcoin was still around $10k , investing $1k you can secure 0.1 Bitcoin for yah self. But now investing $1k in Bitcoin recent price which is around $65k one will have 0.015 BTC you can see the different and soon bitcoin is going to 7 digit and as time goes bitcoin will keep in n growing Sonia better forus to use this opportunity to stash as many as we can and hold , rather than trading with it for short-term profits.

The performance of BTC assets has clearly and tangibly had to do with a fairly long time whether 5 -10 years (there is double value) and it entered the long-term asset class. For those who have started, of course, they already understand, but those who don't understand, it's better to stay away.

Although it is highly recommended HOLD for BTC, but active trading technique options are also good for traders by utilizing fast price changes but the drawback will be a lot of time we drain, so that the target we want is achieved.

This is what must be considered because in the end when talking about investment, at least we must have mental steel and endurance over a period of time so that we do not end up investing with half intentions because in the end such things will not make the investment made optimal in the end.
In addition, it should be noted that we cannot risk everything as if bitcoin is the answer to the future but do not pay attention to the needs we are currently doing because in the end by believing that investment takes a longer time such as 5 - 10 years for example indirectly this also provides a limitation that we cannot at any time take aggressive action in the investment made by continuing to sacrifice everything we have but ignoring the needs that we must meet for ourselves and our small family.

The journey for another halving has just began, the wise will take the opportunity and run with it. Time flies so fast, and before you know it we will be in 2028 and those who have started their accumulating process now will be glad they did. The 4 years looks like a long time but as a determined investor who want to see something meaningful in bitcoin, such investors should be able to invest in bitcoin and hold it through one circle. The next circle has just started counting and doing that little buying through DCA will definitely go a long way. 

I don't think that really sounds right because Bitcoin exceeding certain expected price doesn't guarantee a common man to be in good profitation what should be must concern for the common man is to stash up sizeable worth of Bitcoin irrespective of how longer time it will take, even if the common man wait until Bitcoin exceed the price he or she want without having a good quantity of Bitcoin all the time waited might not be good enough to put him or her to become rich in the nearest future, but with consistency and working towards having a good sizeable worth of Bitcoin is actually what will put him or her in good profits in the future.


Weekly dca might not be  good enough for a common man, rather a monthly dca might be advisable as he or she needs much time to know how much of the discretional/disposable income he or she has at the end of the month before making a purchase.

one thing about bitcoin investment and also bitcoin holding is that if you make that a mistake to purchase bitcoin when the price is high and hold it for long time and during the process of holding your Bitcoin it happens that bearish season approaches that means you will get lost on the process of holding BTC so I will say that bitcoin investment is not something you can assume that holding it when you buy it at a high price then you make a profit I don't think that it happens that way

You are right because in as much as most people intend to hold their Bitcoin for a very long term without the provision or planning to keep buying or adding Bitcoin to their portfolio they could end up not getting a tangible amount of profit after holding for long, so actually what determines our success on holding is the ability for us to keep investing either on a daily, weekly or a monthly basis depending on how is more suitable for their financial strength, however I love this conversation because most persons believe that if they invest a little amount of Bitcoin that they would have a huge return in the future without knowing it may not be possible, so perhaps they could learn from your clarification on the need to continue keeping their investment running instead of feeling reluctant after investing a little amount.

No one ignores the process, but people see this step as one of the best investments from the previous concept so Bitcoin is one of the best choices today.
In the short term, large profits can only be achieved when people have large capital, whereas if they only have small capital, profits will be followed by the amount of capital we spend. There is no chance of making big profits in a short time by relying on small capital and almost none anywhere.

The accumulation method is a strategy that needs to be thought about and if we don't have a lot of money then we have to make every effort so that assets can increase slowly.
The next half must be the target of achieving the large profits we want and the method must be based on the ability to accumulate gradually until the half arrives again.

Yes I agree with you that every Bitcoin investor needs patient and endurance to gain profit but I think it is also important that the investor must also be consistence in buying Bitcoin so that he can have a large amount of Bitcoin and hold patiently and endure for long without seeing it as a burden or stress.

Well, many natural of course and talking about stress is born not without reason, after I read a poignant quote from jjg about the Outline of JJG's Bitcoin Investment Ideas specifically sitting at point https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590.

If we have understood it carefully, I think it will be very easy to manage it without pressure because this is related to the ability to maintain our BTC investment and will not be confused with our daily spending needs, so investing must certainly be soft, calm, fun and ultimately win.

Never mind $100/week, those who can only allocate $10/week can really accumulate bitcoin holdings. It just takes a longer time to feel the many benefits.

If we can't allocate large investment funds here, we can still allocate a longer period of time.

For example, if you have $100/week, you can take the target only until the next halving, whereas for those with only $10 you can take the investment target for 2 halvings.
but the issue of targets and profits depends on each individual. because it still looks at age too. If you start at the age of 40 with an allocation of $10/week with a target of 2 halvings, of course you can experience maximum profits at the age of 48.

Yes common man should follow DCA. Because it is not possible for a common man to invest a large amount at once. If a common man invests in DCA method for long term he can definitely succeed. Investing in Bitcoin requires patience but many ordinary people cannot afford to be patient. Now if you are a common man then you should continue to invest in Bitcoin with DCA method for long term. If you don't invest in DCA method for a long time then you can make losses instead of profits. Before investing in Bitcoin you must first learn to be patient. Another important thing is to invest what you can afford to lose.

If bitcoin is not an asset what do you think Bitcoin is? You sound like someone who is not well knowledgeable about Bitcoin. A volatile assets like bitcoin which has never disappointed human for over some couples of years now. Many physical asset you claim to be a better asset over bitcoin has been left behind and bitcoin was chosen instead of it and yet you still say Bitcoin is not an will never be an investment. Why do Michael J Saylor (micro strategy)
chose bitcoin as their highest investment? If you check there track record you will discover that after all investment made by micro strategy, bitcoin prove to be the best investment. that is why they have been buying and stocking bitcoin. And now it's their most gained asset/investment.

I just did some research to prove to you that bitcoin is a good investment and also a volatile assets. here are The Richest Crypto And Bitcoin Billionaires In The World 2024  (https://www.forbes.com/sites/johnhyatt/2024/04/02/the-richest-crypto-and-bitcoin-billionaires-in-the-world-2024/?sh=2c541080726b)  
Tim Draper
Cameron Winklevoss
Jed McCaleb
Mike Novogratz
Michael Saylor
Matthew Roszak
though some of them made there money from other crypto currency but the highest person made it through bitcoin alongside with others I listed above. so you don have any prove to say bitcoin will be a disappointment. Or bitcoin is not and will never be an investment as you said.

It's a kind of financial utopia, imagine if everyone had the patience to hold on through the ups and downs. Realistically though Bitcoin's value often rises or falls because not everyone can hang tight. Some people sell off during those dips, and that's just human nature.
If we all could keep our cool and ride out the volatility, who knows how high it could go? But this dynamic of quick sellers and steadfast holders is what keeps the Bitcoin world turning.

Since bitcoin is not a get-rich-quick scheme, it is not good for them to invest almost what they have in bitcoin because they can't hold their bitcoin for the long term. Since they don't have a good income source, they should adopt the DCA strategy and use 10% of their salary to accumulate bitcoin and also use 20% of their salary to keep an emergency fund they will use to solve their unforeseen problems so that they will not sell their bitcoin to survive, and they will also hold their bitcoin until the expected year they wish to sell it.

From what the OP said, they see bitcoin as a way of getting financial freedom, so selling their bitcoin to get a quick profit will not help them achieve it; they need to hold bitcoin for the long term before they can achieve it.

It is true that it is very difficult for people who are new to investing to invest large amounts and for those who have the desire to invest in Bitcoin then they can use the method you have mentioned, I am sure if they can do it well with this method then they They will also be able to gain profits from the investments they carry out and it would be better for some people who don't understand the slightest thing about investment, so it is important for them to learn about it and not immediately start investing so that they lose the money they have in that investment.