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Author Topic: What do you think only the rich can make profit from Bitcoin?  (Read 2964 times)
cryptoblue77
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November 05, 2018, 05:58:26 AM
 #201

It is not that only rich can make profit from bitcoin, anybody can make profit with a decent investment, the main thing is you have to enter the market in the right time, when the market is down, and sell when it is high. In this way, i gained some profit.

TheKeyLongThumbI
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November 05, 2018, 06:36:56 AM
 #202

This is not true but we all know the rich people has more chances of getting rich in this market. They have much more knowledge when it comes to economics and connections with people who can manipulate it. While us average traders are just betting and wishing to anything that we'll get rich.
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November 05, 2018, 06:56:03 AM
 #203

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 really OP I agree with you. bitcoin is not only for rich people. poor people can invest in bitcoin. he can buy bitcoin in small quantities or satoshi. the important thing is that people want to be patient because small investments must take a long time to become big.
and if we don't have the capital to start a bitcoin investment we can start by participating in the bounty campaign project. we work on campaign assignments and at the end of the campaign we will get paid. and we can exchange small amounts of these tokens with bitcoin.

 
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mongkie
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November 05, 2018, 07:05:58 AM
 #204

i think the more appropriate way to say is only the smart are going to gain in bitcoin. because many rich people invested on bitcoin got bankrupt because of lack of knowledge.

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November 05, 2018, 07:07:39 AM
 #205

Everyone can invest and make money from Bitcoin, the difference between Bitcoin's riches and those who fail to invest in Bitcoin are trading and buying skills. Every successful person has a different way of making money, they can make the money they own can make a profit. The daily price changes on the trading floor may not be of interest to you.
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November 05, 2018, 07:40:47 AM
 #206

YES! I am totally agree with you on this. After big market raise and fall in last months of 2017 you can't make with bitcoin, with trade or hodl. You need big ammount of money to get profit in bitcoin. Because the price wouldn't change like the old days. It is going between $6.200 - $6.600 in last 8 months and it will stay on this line. If you want to get profit with BTC you needn to bull/sell in big ammounts nowadays.
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November 05, 2018, 07:58:51 AM
 #207

Rich people has the advantage because they can invest more than ordinary people do. But the risks are there too. So, everyone can benefit from bitcoin, the different will be on the risk they able to take.

abhi777
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November 05, 2018, 09:47:24 AM
 #208

A person who will invest in Bitcoin can earn profit in crypto currency market either he is a rich man or not. Amount does not matter for investment. But some big investors are the main players of the market and their big investment also effect the trend of the Bitcoin market. Small investors can earn only with the market demand and in bullish market.
in my opinion, not only rich people can benefit. everyone who invests will also be able to benefit from how he does his business.
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November 05, 2018, 11:40:09 AM
 #209

A person who will invest in Bitcoin can earn profit in crypto currency market either he is a rich man or not. Amount does not matter for investment. But some big investors are the main players of the market and their big investment also effect the trend of the Bitcoin market. Small investors can earn only with the market demand and in bullish market.
in my opinion, not only rich people can benefit. everyone who invests will also be able to benefit from how he does his business.

Everyone can benefit to it as long as you know how to go with the flow and you work strategically. The only advantage they have is they can move the market from what they desire.

Perhaps what we can do is to recognize the fuds versus the facts.

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Johnzky
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November 05, 2018, 12:17:17 PM
 #210

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.
What do you mean making profit from bitcoin?does this crypto is a currency that has a higher value that poor can’t afford?Why not instead of bitcoin use alternative currency for more practical and more reliable than the said number one coin.

Trading does not defy specific coin,instead this needs the right coin to purchase and to use as materials for trading
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November 05, 2018, 01:39:18 PM
 #211

It is not that only rich can make profit from bitcoin, anybody can make profit with a decent investment, the main thing is you have to enter the market in the right time, when the market is down, and sell when it is high. In this way, i gained some profit.

Yes  not only rich can make profit from bitcoin anybody can make profit those who have knowledge on digital currency and Crypto gives option to earn by not only investing money but also working on campaigns,mining etc.. and also investing in the right time and selling the coin when the value is of higher value this way anyone can earn profit.

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November 05, 2018, 03:04:29 PM
 #212

The rich are very smart they can make a lot of money when investing in Bitcoin. Poor people like us need to be smarter than they are to make money from Bitcoin from the rich. I think Bitcoin is not for everyone from poor to rich. The problem is that you have patience and intelligence.

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November 05, 2018, 11:06:50 PM
 #213

Undeniably, rich people has the more capability to invest large money on crypto than the poor people. But still the less fortunate ones can still earn huge profits here in cryptocurrency if they they know how to invest wisely and may spend some effort and time on doing some airdrop and bounty campaigns which turn out to be part-time job to some to earn extra income.

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November 05, 2018, 11:13:00 PM
 #214

Even you are rich or poor investing in cryptocurrency is for all of us even what is your standard in life. Even the poor people was have a chance to be rich and no one can stop that. Everybody who understand bitcoin or cryptocurrency can make profit like what my friend from nothing to have just because of investment so that bitcoin or cryptocurrency  investment was for everyone not for only rich people.
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November 05, 2018, 11:29:25 PM
 #215

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 bet to disagree because at the first place, there is no such specification on which levels if the society is Bitcoin intended to be used. Since, it can be widely accessed by everyone, even the low levels of the society can use it effectively same as how the higher levels use it. Not only the rich people have the capacity to make their own strategies to make profut through investment proper. Also, Bitcoin is not just intended for investment only policy because there are so many ways on how an individual can earn profit from it depending on the preference he have.

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November 06, 2018, 12:09:56 AM
 #216

Bitcoin can cater to the rich and the poor, but the potential for higher profits for the rich  because the investment in bitcoin is a big investment, if the rich success  they will be richer and richer
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November 06, 2018, 12:41:00 AM
 #217

The rich or the poor are able to participate in the bitcoin of who is the smart investor who will make more money, it makes us rich but also can make us poor.
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November 06, 2018, 12:49:36 AM
 #218

No, bitcoin is not just for the rich but for those who are not rich and want to be rich with some capital that does not have to be too much.
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November 06, 2018, 12:53:37 AM
 #219

I do not think it's just for the rich, it's for anyone who wants to invest in Bitcoin to make a profit. You can invest only about 100$ also can make a profit. However, the rich have many advantages.
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November 06, 2018, 01:34:55 AM
 #220

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'm sure. I have not big money for investment.
I make some profit with trading and my gambling site.

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