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Author Topic: What do you think only the rich can make profit from Bitcoin?  (Read 2964 times)
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November 04, 2018, 01:11:14 PM
 #161

Bitcoin is still being used heavily for payment within the elite community, for example, the rich elites in Asia. I think this might be the needed process before it reaches the mainstream level. Remember the telephone back then? Only big businesses can afford them and now it's pretty much accessible.

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November 04, 2018, 01:53:42 PM
 #162

I don't think bitcoin is only for rich people. Bitcoin is for all . He who wants to earn bitcoin he can.There are lots of way to make profit in bitcoin as we know. You can trade ,ICO,gambling,mining you don't need to have enough money for it but you have to be smart ,patience as you said. So that you don't be reach to make profit you need to have good strategy.

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November 04, 2018, 02:26:26 PM
 #163

if in my opinion. no bro. because of the investment in the world of cryiptocurrency if you want to make a profit. We must have capital. good experience, science u make use of market conditions. or play a state of market conditions. and the last is capital ..
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November 04, 2018, 02:53:44 PM
 #164

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 belong to that school of thought as well. Bitcoin is over 6000$ and for me to make something good investing in Bitcoin definitely good capital in place else investment of 100-400$ is just mere waste of time.
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November 04, 2018, 03:00:16 PM
 #165

if in my opinion. no bro. because of the investment in the world of cryiptocurrency if you want to make a profit. We must have capital. good experience, science u make use of market conditions. or play a state of market conditions. and the last is capital ..
Your arguments are perfectly suitable but still big whales are controlling the market. So many peoples are thinking it is suitable for richer. Nowadays everyone expecting quick profit but they don't take effort in all the platform so carelessness and laziness is the major drawback of Bitcoin profit otherwise all the investors are make profit.

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November 04, 2018, 03:32:49 PM
 #166

Bitcoin is blessing for both rich and poor people.But every profit needs investment.It is more easy to invest huge amount by rich people compare to poor.But poor and rich both are involving in bitcoin.
Bitcoin is for all investor's even you are rich or poor people but we see the difference only rich people can afford more invest and get more profit. But the main investment this is your effort and courage and also your good skills in playing the market. If all of that is within you both human and non human capital you will be successful for this.

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November 04, 2018, 03:36:36 PM
 #167

If you are smart enough to be a trader, it does not mean if you are rich or poor. Those, who does not earn much money, can start trading if he has only a hundred of dollars or even less. Everything depends on your desire.
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November 04, 2018, 03:37:21 PM
 #168

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 your assumption is very wrong. we can hold bitcoin with or altcoin to make a profit. Bitcoin can be owned by anyone and not just for the rich as you say. I pioneered from a small trade to get every bit of coin and I collected it little by little

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November 04, 2018, 03:41:24 PM
 #169

  if we look at a glance. surely rich people have big capital so they can get big profits. in fact, bitcoin is not just relying on capital, but the world of bitcoin also needs knowledge and is good at utilizing market conditions
Even if there is a lot of capital or a little no effect at all bro
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November 04, 2018, 03:52:42 PM
 #170

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.


that's not true, we know very well the history of bitcoin was created for options.
technology can be used by all people, including ordinary people, and bitcoin or crypto are part of technology in this era
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November 04, 2018, 04:58:11 PM
 #171

It depends for all traders if they gonna earn or not. Rich or not because some rich peoples dont earn and have not much experience to trade in bitcoin. Only people that expert, more on experience that can earn in trading.

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November 04, 2018, 05:05:33 PM
 #172

Using money is for both the rich and the poor. Both have access to money but the rich have more of the money (cryptocurrey-Bitcoin) than the poor. Bitcoin, is money, it is simply another means of exchange but this time using cryptography/blockchain and exists only in electronic gadgets-computers, smartphones, etc. Bitcoin is beneficial to both the rich and the poor. If the rich trades/invests with it with poor or inadequate knowledge,  he/she can loose money, likewise, if the poor trades with it expertly, he/she can be rich. Bitcoin if for those who are willing to know how  it works and begins to utilize it for various transaction, be it for the rich or the poor.

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November 04, 2018, 05:14:01 PM
 #173

Both rich and poor people can invest in bitcoin. Of course it all depends on how much you earn as the more you invest the more you get !

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November 04, 2018, 05:31:11 PM
 #174

Bitcoin was originally conceptualised during the world economic crash as a means for transfer of value between people of all classes, without the need for a central government. However as we all know now, "whales"  or large investors control a lot of the bitcoin supply, so an argument could be made it has not worked

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November 04, 2018, 06:09:42 PM
 #175

Its just a game of knowledge about that market and the efforts that a person can make to study this market and then invest their money in it,there is no issue of rich and poor basically its a mind game.

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November 04, 2018, 06:26:10 PM
 #176

No, a person's level of wealth is not a certainty to get a profit, those who can benefit from bitcoin are those who have an understanding of bitcoin so they can use the opportunity to make a profit.

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November 04, 2018, 06:57:50 PM
 #177

I don't consider myself a rich person, but I had the opportunity to invest in cryptocurrency. It all depends on how much money you can allocate for investment. Your profit depends on it.

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November 04, 2018, 07:33:03 PM
 #178

Of course it's not just how much money you have to invest. You can start with a small amount of money, but if you have the desire to develop in this area, then you will get rich.


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November 04, 2018, 07:37:13 PM
 #179

They say " the rich shall continue to be rich", but this is not true with cryptocurrencies. With bitcoin and blockchain, everyone stand the chance of gaining. However, gaining is sometimes dependent on the amount you invest.

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November 04, 2018, 07:39:25 PM
 #180

No, everyone can profits from bitcoin, not just only the rich.. While there are whales who manipulate the market, cryptocurrency still remains a system that can empower even the poor. This is something every one who takes their time to study and understand the system can make profit from.

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