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Author Topic: What do you think only the rich can make profit from Bitcoin?  (Read 2964 times)
mizamuneerashine
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November 02, 2018, 07:33:57 AM
 #41


I am very grateful to Bitcoin came into my life  even though its too late for me to take  actions.   When I started buying small % of Bitcoin and other alts before and if  their is an incremental of 30%  I can not withdraw my profit and investment because the capital that I put in was less and I need to pay trading charges also, compare to the rich people who put big capital and  30% such a huge difference.

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Teawhalee
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November 02, 2018, 08:04:49 AM
 #42

I think it just depend on your knowledge and research about crypto. Even though the rich has opportunity  to make good profit. Also ordinary man can make profit even with the little cash.  It's just a matter of knowledge  and research. 

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November 02, 2018, 08:08:18 AM
 #43

I don't think that's true. I'm not a rich person. But last year I made a big profit. I lost some of it later, but I kept my profit again.
Olayinka225
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November 02, 2018, 08:30:01 AM
 #44

No I don't think so why because:

The crypto market is not meant for the rich alone, because can't buy all the coins in the market, Moreover all money isn't in the hands of the rich alone so the poor will still have some amount of $ with them and if they can use some of it to invest into crypto,  then with this the market dosen't belong to the rich alone.
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November 02, 2018, 08:30:05 AM
 #45

In fact, it is not necessary that only rich people can earn profit from bitcoin. This is a great platform where a poor person can also make a good profit. Yes, of course, that rich people earn a lot of profit because they have more money to invest. But if the work done  with correct information by thinking in the right way, the poor person can also make more profit from the rich person.
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November 02, 2018, 08:31:33 AM
 #46

That's true to some extent given they're using huge funds.
muslol67
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November 02, 2018, 08:35:21 AM
 #47

Let's not just call rich people profit. Let's say that rich people can be more profitable. Ultimately, the big investment will be big. But the damage is the same way.
maman567
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November 02, 2018, 08:50:21 AM
 #48

Yes it right, only people have many bitcoin could take and get profit, how come we do not have bitcoin or money for starting investment or trade on bitcoin, we need money and bitcoin for getting profit with bitcoin or altcoin investment.
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November 02, 2018, 08:51:13 AM
 #49

A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.

If we are observant and feel worthy of getting bitcoin, then we will immediately jump into it, don't think only rich people are able to get bitcoin, but everyone who is capable and intends to want bitcoin. Courageous and ready to take every decision with all the risks to make a profit.

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November 02, 2018, 08:57:42 AM
 #50

A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.

I agree with you, the point is anyone who understands how bitcoin provides benefits, so he can do it without any provision of rich or poor. because to get profit, the main key is patience, perseverance, strategy, planning, even with small capital.

ShowOffoN
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November 02, 2018, 09:00:06 AM
 #51

Everyone can invest in bitcoin. The only reason why people thinks that only the rich can make profit from it because they are the ones who invest more. Of course, the more you invest, the higher are the chances of more profit obviously. It is unbelievable to think that if you invest $500, the profit is immediately $1M. That is dreaming on.
Alexmagn84
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November 02, 2018, 09:12:21 AM
 #52

Everyone can be making profits for the bitcoin. Investment, trading, holding everyone do it and get more profit.but rich man do it invest huge money and get more profit it deffernt something.

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November 02, 2018, 10:19:20 AM
 #53

As a matter of fact, a large percentage of the people involved with Bitcoin is not filthy rich. Loads of middle class and even poor people are invested in this technology, because they want to become filthy rich. Things like Stock exchanges are designed to serve the rich and they usually place some barrier to entry for the middle class and the poor.  Roll Eyes

The super low fees also puts more money back into the pockets of people using it for remittance. <People working in foreign 1st world countries, that are sending money home to their families.>  Grin

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November 02, 2018, 10:24:41 AM
 #54

A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.

Yes you're right. Crypto is not just for rich people. Crypto is open is ooen for everybody lije rich or poor, young or old, male or female. It does not require money, it just need your time, attention, your knowledge and willingness to learn. It also does not require a place, coz we can do /work in crypto anywhere.

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November 02, 2018, 11:06:20 AM
 #55

I don't think its only for the rich but for all people who love and knows bitcoin. You don't need to be rich just to make profit in bitcoin in small or big investment.

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November 02, 2018, 02:56:50 PM
 #56

bitcoin can be bought for any amount. no matter who you are. because the crypto becomes a part of our life. and soon everyone will have to work with it.
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November 02, 2018, 03:14:33 PM
 #57

that's really true bro. because rich people have large amounts of capital. so they can play the market conditions as they wish bro. if there is a loss they can hold and not sell their assets until the price rises again.
because they still have other reserve capital
leexhin
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November 02, 2018, 03:25:15 PM
 #58

that's really true bro. because rich people have large amounts of capital. so they can play the market conditions as they wish bro. if there is a loss they can hold and not sell their assets until the price rises again.
because they still have other reserve capital
Well it is our choice we could also hold our Bitcoin when the price drops down,
We just have to keep on holding it is also our fault if we couldn't hold it because we need some funds,
We should always remember to invest only what we could afford to lose so when the time comes we wouldn't have a problem and our investment wouldn't be in the line.
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November 02, 2018, 03:26:37 PM
 #59

Bitcoin's profits are not only for rich people. but the benefits of bitcoin are only for a few people below:
1. those who have the will to succeed
2. those who work hard and always optimistic
3. those who believe in bitcoin
4. those who always observe every market movement
5. those who always prioritize bitcoin.
6. and those who are always disciplined and always pray.
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November 02, 2018, 05:00:50 PM
 #60

I think even rich people can lose a lot of money on Bitcoin investments.

This is a very dangerous business and a very small circle of people earn from investing in Bitcoin
ha ha also i think most of the rich people lost to investing in Bitcoin.
Bitcoin is not more advantages for some particular peoples. It's similar for everyone and this is same opportunities to rich for all.
Rich man can big investment for making huge profit that's it.
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