Is BTC only for middle and upper economic class?

[TheGodFather]

Its not like middle or upper economic class thing. All those who have access to internet and wants to earn money online with trading or by offering their services for money are familiar with most dominant crypto currency i.e. bitcoin.

Thats right. Everyone who wants to earn bitcoin should learn how to use it as well. Everyone who has a device is freely use it. Even me, i am poor person but i can even earn bitcoin . I only needs a device and an internet connection thats the thing that i only needed to have a bitcoin and provide my needs.

[iqlimasyadiqa]

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 30% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

30% is a very large population. Your country should already be an important part of bitcoin development. In other countries there are still many citizens who are not familiar with bitcoin. For now bitcoin is used by various circles, I would rather agree that bitcoin is currently used more by adolescents with age range 15 to 23 years. This is a fact because teenagers are more receptive to new things especially with regard to technology. This is what I experienced and I feel all the time.

[BitcoinzB]

Bitcoin is not really for a specific economic class. Pretty much anyone could make his little investment in it, or even start earning small bits without initial investment.
I see it as the land of small opportunities, you just need to be able to catch them at the right time.

[xIIImaL]

Bitcoin is not really for a specific economic class. Pretty much anyone could make his little investment in it, or even start earning small bits without initial investment.
I see it as the land of small opportunities, you just need to be able to catch them at the right time.

People are making money in signature campaign and helping as support for bitcoin related project, there are only economy and middle class people in the forum and outside.
Apart from these works mostly whales are involved in bitcoin and making huge money with this options.

[ethereumhunter]

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 30% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

bitcoin is not for middle and upper economic class but bitcoin is for every people which want to know and learn about bitcoin. if we have money, we can buy bitcoin directly with exchanger but if we don't have money, we can earn bitcoin from free way but we need to be patience to earn from every satoshi until we can have much of bitcoin.

[Vohoanghiep]

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 30% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

I think Bitcoin is not for the middle and upper classes that it's for everyone. But it also depends on the country or region you live in such things as the internet, access tools, bank card, banking ...
I think 30% is not the correct number, in fact it is much smaller. I tried to survey the people around me by asking if they knew what Bitcoin was. Most of the answer is no! So the problem lies in communicating, spreading to everyone

[TrissMerigold]

i said no ,  if btc made for mid upper class that would be unstable not reaching specific audience target.. why would make only mid upper class when low class had a bigger influence about this coin for example i live in 3rd world country and btc already spreading for almost 40% of population

[Yuuto]

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 30% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

Wait, what the heck???

30% is a huge amount of people who know about bitcoin. It's not something that you put "only" in front of.

Anyways, to your question. No, absolutely not. Bitcoin is definitely not something that is marketed to the middle and upper economic class. It is NOT FOR PROFIT unlike a lot of altcoin projects which their sole intention is to suck funding out of investors. Bitcoin is accessible to anyone in teh world, regardless of whether or not you have $1 million dollars or not. Compared to traditional banking services which often have minimums of a few thousand dollars, and outrageous fees, bitcoin is fitting for the average Joe and even people in third world countries, as long as they have any sort of internet connection, even if its super slow.

[BitcoinSupremo]

Bitcoin main advantage is that you don't need a central authority like a central bank to use it. Also when Satoshi created it I think he had in mind to create something marvelous (which he actually did) which would diminish all the possible barriers another payment had, like bank, paypal etc. In bitcoin no one can limit your account if you keep your bitcoins in your OS wallet (not in web wallets they can shut down your account). Also bitcoin I think was created to be a better payment than the conventional ways which would be accessible to anyone who had access to internet. It is not designed specifically for middle and upper economic class.

[aoluain]

bitcoins original ethos was a no barrier borderless currency for anyone and everyone.

but developers, stuck in their first world mindset have not thought beyond their snobby noses..
so things like taking AWAY fee control's and screaming "just pay more" has effectively turned bitcoin into something only the middle/upper classes would use.

they say using LN will be the solution for the third world unbanked, but those that only want to buy $2 (a weeks salary in some places) will face having to put funds into locked contracts with counterparty control and even managed by commercial hubs. making the point of bitcoin, pointless

I agree even though its a bleak situation we are in at the moment
with bitcoin. August the 1st looming and the days and weeks that
are to follow. The high fees and long[ish] transaction times for micro
payments.

Bitcoin was indeed supposed to be available and used by anyone
and anyone can buy into it with as little as $15 or at a bitcoin
ATM even less I believe. but as above its the fees to buy in and cash out . . .

[uchiha]

In my opinion bitcoin is not only known in the middle to upper class but also middle to lower .. like me from middle family down. I can recognize bitcoin. Which is important they are familiar with the internet world. They can certainly invest in bitcoin. Maybe those who know bitcoin originally from middle to low family because they invest in bitcoin they are able to make a lot of money and help their family's economy

[maydna]

of course not, the creator of bitcoin, satoshi nakamoto and the teams is designed bitcoin for every people so we can use bitcoin for many purpose and without have a limit to used bitcoin. and for this reason, the middle and upper economic class is the people that can buy bitcoin directly because they have much of money. so i think we don't have to be worried with them, as long as we want to try to earn bitcoin then we can earn with our way.

[Skieleton]

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 30% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

Wait, what the heck???

30% is a huge amount of people who know about bitcoin. It's not something that you put "only" in front of.

Anyways, to your question. No, absolutely not. Bitcoin is definitely not something that is marketed to the middle and upper economic class. It is NOT FOR PROFIT unlike a lot of altcoin projects which their sole intention is to suck funding out of investors. Bitcoin is accessible to anyone in teh world, regardless of whether or not you have $1 million dollars or not. Compared to traditional banking services which often have minimums of a few thousand dollars, and outrageous fees, bitcoin is fitting for the average Joe and even people in third world countries, as long as they have any sort of internet connection, even if its super slow.

With a little effort, investing only your time can earn BTC. Even the poorest can make good money, they just want to .

[joseafonso123az]

Hello !
30% looks indeed a very high percentage n term of knowing bitcoin. In my country, and I live in Africa, I don't know people knowing about bitcoin. Answering your question, I guess everyone can search and learn about bitcoin, which I guess, all people that have acccess to the information, will get a shoot to use bitcoins if they are willing to ! Bitcoins bring a new way of looking at currency, as it is decentralised, and eveyone can get some satoshis around in faucets, gambling or working on our personal skills for some bitcoins

[eckmar]

I wouldn't say it's for upper and middle class as those classes are based on wealth. It's just that more educated people understand and use bitcoin at the moment (which may change in the future)

[LouVandetta]

I don't think so.
But, don't you think that 30% is a bit too high?

Anyone could use bitcoin on any different pusposes.
It's depends on the people itself.
If they are willing to learn about using bitcoin, and what could they earn through bitcoin.

[Kawasanz]

If in my opinion it depends on human resources, because middle man may not all understand about bitcoin,
And everyone can little bitcoin depending on their skills and knowledge in English and computer.

[dothebeats]

Going back 7 years ago and you might have said the same thing: "Is BTC only for geeks who haven't got any life?" Personal perception to anything really does change whenever something gained widespread recognition and value over time. It's not for class distribution or anything, it's just that people who own it right now happen to acquire them when people treat bitcoin as shit and low compared to fiat. You still can use bitcoin if you have it and as long as you have internet connection.

[clamcho]

everyone can get bitcoin as long as he know how to get it .

[eaLiTy]

But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

It is simply because they are ignorant about bitcoin or simply would not bother to check what bitcoin is,there is a notion with people that they will be skeptic for the things they see for the first time because they are not aware nor care to learn about new things. It is not about middle and upper economic class,bitcoin is for everyone but mining is for the upper class.