Who will benefit the most from bitcoin/cryptocurrency?

[Impulseboy]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

[pooya87]

unlike any other asset which requires a large investment, you can always buy small amounts of bitcoin.
for example you can not go to a stock broker and buy $10 worth of stocks! they wouldn't even let you and laugh in your face. or you can't go and buy $10 worth of gold, that is physically impossible.

• but you can buy $10 worth of bitcoin

whether one should invest in bitcoin or not is another question. it is a risky investment and some people don't like taking risks under any circumstances and the market fluctuations can ruin their sanity specially someone who is already in debt.

[ntarah langger]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

[Impulseboy]

unlike any other asset which requires a large investment, you can always buy small amounts of bitcoin.
for example you can not go to a stock broker and buy $10 worth of stocks! they wouldn't even let you and laugh in your face. or you can't go and buy $10 worth of gold, that is physically impossible.

• but you can buy $10 worth of bitcoin

whether one should invest in bitcoin or not is another question. it is a risky investment and some people don't like taking risks under any circumstances and the market fluctuations can ruin their sanity specially someone who is already in debt.

I think his main concern at the moment is not having a lot of savings or major investments that if he gets into crypto he might lose the little that he's got. Yet he is also determined to invest in it because of the success rate he hears from people who got into cryptocurrency.

[nexus5chetan]

These are people who own large quantities of BitCoins. As a result they can raise or lower the BTCUSD rate on any exchange more-or-less at will. This power can be used to affect the market volatility to their advantage. There is little doubt that at least a few of the Whales are benefitting from BitCoin’s volatility by making use of their power to change the exchange rate.

[chrismartin]

The thing that must be important there mate is in bitcoin, there is no minimum and maximum investment on it. If you and your friend afford only that amount then go for it. Yes its a risky but so worth it if bitcoin will pump in the time that comes.

[Impulseboy]

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

I asked him to read on bitcoin first before he starts trading because there are a lot of things that you should know about cryptocurrency before you really get into it. However he is eager to start and I am afraid he will lose money that he cannot afford to lose. I think he was inspired by the likes of people you mentioned who became rich because of crypto but I still think he should wait a little longer.

[Impulseboy]

The thing that must be important there mate is in bitcoin, there is no minimum and maximum investment on it. If you and your friend afford only that amount then go for it. Yes its a risky but so worth it if bitcoin will pump in the time that comes.

I did start at a low amount but I hold off for the time being as I help him out. To be completely honest I am a bit confused whether I should encourage him to get into crypto now or wait it out and tell him to pay his debts first. He is like a brother to me so I dont want him to make any mistake and lose the little savings he has because I egged him into getting into crypto.

[Awoben]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

Love your point and suggestion. Will second  this.  Having little capital doesn't mean you can't invest and benefit, the only difference is the return of investment is low.  
As he rightly suggest, don't wait till you get big capital to invest, you can invest your time in bounties and raise good capital, people have made thousands of USD doing that.  Get him to act fast.

[Sandus_Cryptolover]

Firstly Bitcoin investment isn't a form of pyramid or referral based schemes where you gain more by referring people to it. It is an individual investment that involves self assurance and willingness to bear the risk as a result of high volatility. Above all, everyone can join the investment and benefit altogether.

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

[ansarose1]

In my own perspective, the one who will benefit most from bitcoin is the investors and traders of bitcoin in the market. because of the high priced bitcoin, they also gain much more profit with this high price and they are the only one who can buy bitcoins perhaps its their business.

[BestRate]

Bitcoin is leading crypto that is motivating developers to adopt blockchain in different spheres of human activities. Of course, the winner is humanity, because it helps us to avoid any issues when we are trying to exchange any goods.

[Flowerbiuq]

Of course, people who have the advantage of capital in bitcoin investment will get greater opportunities. But if your friend insists on investing bitcoin continuously, he may get a good profit. This market is a market that needs to be patient.

[CGPA]

Already many unemployed youths could be able to change their positions by Bitcoin and Crypto Trading. There are many opportunities here to earn money, only have to put their own talent and work hard.

[Wexnident]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

Actually, making investments in bitcoin or any cryptocurrencies are very difficult to do because as we have known it is a very risky things to do that's why mostly of us saying that in involving here only invest money that you can afford to loose because we're pretty not sure if we can be a successful investors or one of the failure investors. However, in investing to Cryptos are very nice things to do especially if we wanted somethings better happened to ourlives for just a short period of time.

[Impulseboy]

Already many unemployed youths could be able to change their positions by Bitcoin and Crypto Trading. There are many opportunities here to earn money, only have to put their own talent and work hard.

I think he got the talent and hard work covered, he just really does not have a major investment or savings to start trading. Of course I dont know how much exactly they really have but I see they get by alright every month, but because he has two very young kids to raise and a wife who is currently unemployed because she is taking care of their baby, he is left with very little to spend and debts piling up.

[Giftedcrypt]

Though trading and holdlong is a good option for profitability, but I believe the early adopters will really benefit more,because they saw light in it and before it got so bright..

[jhayness18]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

Actually, it is very good things to decided to have an involvement to bitcoin and other cryptocurrencies but before starting to involve here make it sure that you have a lot of knowledge about it therefore you can do and think a lot of strategy on how your investments work and can give you much better profit that you need. So having positive set of mind and better strategies are the key to success.

[geminiboy]

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

true, the effort to earn capital by participating in the bounty campaign is a solution that can be justified, bounty campaign has helped small communities become big communities, remember! bitcoin belongs to everyone

[karagun125]

For me, the one who will benefit the most in bitcoins is the one who invest in the market about buying and selling bitcoin, and ofcourse now bitcoin is a huge money, a large value it has and whoever trades it in the market can get a much profit.