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Author Topic: What do you think only the rich can make profit from Bitcoin?  (Read 2966 times)
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November 02, 2018, 05:14:57 PM
 #61

I beleive Bitcoin was made for everyone to use it equaly, not just for rich people. And not only the rich are making the profit out of it. Of course if you invest more you have better chances for biger profit but you could also lose more.
On the other hand you can start making money with Bitcoin with small investment that you can afford.
Bitcoin gives choice and opportunities to everyone and that is one of the most valuable feature of Bitcoin as a cryptocurrency.

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November 02, 2018, 05:31:26 PM
 #62

Well, to trade bitcoin you need to buy them and with smaller buys and ups/downs, you will make small profits. So its a saying that rich can get rich with gambling but people need to understand that its a high risk move.
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November 02, 2018, 05:32:34 PM
 #63

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.

Well rich people can afford to put in a big amount for their capital regardless of the risk in the outcome. And the bigger the initial fund, of course the bigger the return. That's always been how it is for investments. But that doesn't mean that those that start small can't go far. Many success stories  started from the bottom.

 
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November 02, 2018, 05:47:01 PM
 #64

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, that's right, bitcoin can be useful for anything in getting profit. Bitcoin in my point of view is to be a facility, the rest is how we use facilities like this to generate profits. but unfortunately the use of bitcoin has also been miss used by hackers

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November 02, 2018, 05:52:56 PM
 #65

make a profit? let's think more broadly

to benefit from bitcoin requires a large amount of funds but not for altcoins, there are one hundred or more altcoins with prices that vary in the range of $ 0.01 to $ 1, you can analyze determining the deposit for altcoins potentially to get bigger profits
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November 02, 2018, 06:03:32 PM
Last edit: November 02, 2018, 06:14:33 PM by A.H.Rassel
 #66

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.  
Yes, I agree with your option that most of the people are jumping just saw a news and buy or sell his coin. It's not the right way and everyone needs his own research, proper investment strategy. Rich peoples earn a lot of profit because they have more money to invest and they are following the market trend.
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November 02, 2018, 06:12:17 PM
 #67

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 think that a person who owns at least a small part of Bitcoin is already rich. This is my personal opinion and I strive to purchase at least a small percentage of this great coin.
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November 02, 2018, 06:23:15 PM
 #68

Of course, investing in bitcoin is not just about putting a lot of money into it and it will help you make a profit. It requires you to know how to handle every market situation. Sometimes greed will make us lose everything. In fact, I find that investors with small capital, they still earn huge profits because they have effective strategies to invest with the changes in bitcoin prices. That is the smart way to invest.

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November 02, 2018, 06:25:55 PM
 #69

everyone can make profits from Bitcoin not only rich people. I've seen some people who only have a capital of $150 make a profit of up to 1 Bitcoin in 3 months, from there I think that the right decision is the most decisive thing we get to profit from Bitcoin not social status.

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November 02, 2018, 06:28:32 PM
 #70

Yes, it is not only the rich that trades and make money in bitcoin and other cryptocurrency trading. Bitcoin is decentralized to allow both the rich and the poor to have access to bitcoin. I believe that the rich may have one or two advantage over the rest because they have fund at their disposal. Take for instance I may have a liitle money which i can afford to lose and i invested in bitcoin and  then waiting for the profit to show up but instead of the market going up it now went down and if i do not want to lose my money I will wait but the rich guy will bring in extra money and buy  at the market rate and once there is a reversal in price he is already in profit while his first investment is still open. That is how the rich makes more money in the crypto trading.
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November 02, 2018, 06:34:26 PM
 #71

Well, for starters, you need to have enough money to spare before getting into bitcoins. This is something that poor people can't afford, so in this case, only the rich can start using bitcoins. I think this is where it came from, and honestly I can understand. As someone who struggled to save enough for myself by working hard, joining the crypto world is a big achievement, but for poor people, bitcoins is only going to be a thing they've heard about, not something they use.
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November 02, 2018, 06:35:16 PM
 #72

make a profit? let's think more broadly

to benefit from bitcoin requires a large amount of funds but not for altcoins, there are one hundred or more altcoins with prices that vary in the range of $ 0.01 to $ 1, you can analyze determining the deposit for altcoins potentially to get bigger profits

I agree with you, investing all the money is not worth Bitcoin, it will not bring as much profit as the Altcoins, which still can give a bad gain, I am now inclined to EOS, the team is working hard on the project, and with the growth of the market it will give a very large profit

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November 02, 2018, 06:37:17 PM
 #73

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.

Right. The best platform anyone can lift themselves up to next stage of life. We have number of ways to earn crypto currencies and yes, thanks to Satoshi for inventing mother of crypto Bitcoin which then caused other altcoins come up in the market.

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November 02, 2018, 06:47:56 PM
 #74

what the hell? anyone can profit from bitcoin , if not today ,then in the near future for sure
the early birds catch the worms , its true and the rich will have more opportunity to buy bitcoins
but you do not have to be rich-be smart and you will profit from bitcoin easily
be it trading, working for bitcoins (writing articles or promoting sites etc.) investing
there are so many ways common folk can profit from bitcoin that it will require a separate article to describe them all
do not believe in bs that you got to be rich to buy bitcoins, you can earn them , hodl them and start your retirement plan today with bitcoins Smiley

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November 02, 2018, 08:12:10 PM
 #75

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.
Rich people have a lot of experience because they are not afraid to lose money in the investment. Poor people do not invest when they know they can fail, so they have minimal experience. So in Bitcoin Investments, the rich are always easy to make a profit, but the poor are not.

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November 02, 2018, 08:21:34 PM
 #76

Bitcoin is not only for the rich man. This is a universal digital currency, Anyone can use it from anywhere in the world. I have seen one of my colleagues made 100 USD to 2K USD in bitcoin. And now he is increasing his money even in this bear market! Though Rich man always will be rich by trading with cryptocurrency, but a newbie can make a good profit from the bitcoin too.

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November 02, 2018, 09:53:28 PM
 #77

You can gain or lose as much as you can risk. Firstly it depends on your skills that what you know and what about your strategies. If you are skillful and you know how to make money, a small amount of money will enrich you. But the poor with the same skill as the wealthy will earn less.
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November 02, 2018, 10:59:24 PM
 #78

Everyone can make money in proportion to their investment. If you invest 100 USD and Bitcoin goes up by 10% you will gain 10 USD. If you invest 100,000 you will get 10,000.
Rich people have the potential to earn more because your average earner won't have a million lying around.
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November 02, 2018, 11:04:20 PM
 #79

I also believe bitcoin is available to everyone. The main thing is to dispose of it wisely. Then it doesn't matter how much you started. The main thing that you can achieve the desired result. Also, the poor should have great patience, because it is difficult and long to rise with a small amount money.

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November 02, 2018, 11:09:00 PM
 #80

I also have thoughts like that, bro. if the rich can have large amounts of capital. so they can buy crypto in large quantities. then play market conditions. so they get a big profit

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