Cryptocurrency is poor men Lower class wall street

[drlukacs]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

Nope, Crypto even has a lot of whales. That is why manipulation occurs. Previously, the Crypto market was full of rich people because thanks to their capital, the new Crypto market can be as big as it is now.
If the Crypto market only consisted of the poor, Bitcoin would not Hype as it is now. In any financial market, there will be the rich and the poor, and it is not positioned by any class.

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[South Park]

It's funny what you said, because how would you describe bitcoin millionaires? Are they lower class investors? Is Michael Novogratz a poor guy who has to choose poor man's investments because he can't afford Wall Street? Stocks also can be very cheap. In 2013 Tesla stock was worth just $10, now it's more than $400. Even poor people can make money in stocks, just like the rich can make money in cryptocurrencies.
Cryptocurrency has a different entry point. For some people like tech savvy millenials it's actually lower than stocks, for old-timers like Warren Buffett it's much higher than stocks. 

It will be interesting to know if at some point in the future this gets reversed and wall street becomes a poor men lower class cryptocurrency market, even if at this point this seems impossible to get the potential of bitcoin is so massive that it is not out of the realm of possibility, and even if it never comes to happen people need to learn that this market does not appeal to everyone, the volatility in this market is so massive that I have always wondered why people use leverage at all when they can get the same results by just trading normally and by using margin they are taking an additional risk that is not really necessary.

[CarnagexD]

Did you mean this because of it's cheap entry point or because a lot of normal people, unlike in Wall St. with their own stock brokers, can get into the project without qny fuss? Because I don't see any fault in either of it. Honestly speaking, we can even see cryptocurrency turning the tides of investingvto its favor because as of the moment, it's the most expensive and most promising investment asset to take into

[Sayeds56]

cryptocurrencies have broken the barriers between members of the classes and between countries, you do not need many complications to start investing, so you do not need to verify your identity as long as a second party can send you money without asking you for your personal data, or even mining it.

As for those who use it, it is not for poor people only, but everyone who sees an upcoming collapse of the economic system, and a real opportunity for bitcoin.

Very well said! Certainly Crypto currencies have broken the Barrier between classes as well bokken the barriers of borders between the countries. It is the currency of Masses not classes.  The emergence of Crypto currencies have created new opportunities for innovative financial solutions created through spread of Internet. It has created new Millionaires during the past decade.

[Darker45]

Not everybody can make it to Wall Street. That's probably the dream of a lot of promising graduates, to be with the kings who play puppets out of presidents and rulers. It is where money abounds, after all. But the place is not welcoming.

Unlike the Wall Street, Bitcoin is open to anybody who wishes to enter. But it doesn't particularly choose the poor because it does not discriminate. Rich and poor alike are welcome to join the Bitcoin community. There's always a place for everyone.

However, and quite sadly, if the people of Wall Street enter the world of Bitcoin, they will probably still have the upper hand.

[Princejebs]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

And who said that? Do you consider institutional investors as poor? Do you also consider Goldman Sachs as poor company?
Poor people who are open minded and willing to risk are part of Bitcoin revolution but deeply, they are just a scrap on total market capitalization.
Either poor or rich, we are all looking towards the same thing which is to make profit.

[bits4books]

If you take the whole picture then yes, it is.
But what seems to be one thing at first glance turns out to be quite another. I don't think you can compare cryptocurrencies and the crypto market with wall street just because of similar concepts and trading.
On wall Street, they trade to get money, and cryptocurrency exists to become full-fledged money. This is the conceptual difference that breaks this comparison in the Bud.

[uneng]

I think somehow you are right. That is one of the characteristics I most like about crypto currency: you can be part of this universe with the lowest budget you might have and some people can also start from zero, without any investment. It's simple and fast to set up an account in an exchange or any other crypto site to start your activities.
Although the poorest of men can join crypto currency, if he is lucky and skillled in this field he can be successful like any wall street wolf. There are no limits here.

[fiulpro]

Poor men wall street ? I don't think so , I do believe its benefits actually extends to everyone. Be it poor, rich , a teenager or an old person looking for something new. It have immense opportunities and just like how in the wolf of wall street they did quote :



Now this also includes cryptocurrencies like Bitcoins , many people try to influence the price by going to twitter , maybe telling weird stories and such therefore I believe you should go with your gut when it comes to these things and also the news. 

The whales can influence the price for sure but that too till an extent. Rest it belongs to the people.

[crzy]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

Poor to those hates Bitcoin yet secretly buy their own to hold, and besides Bitcoin makes me a better person and my financial status becomes great because of Bitcoin, so I think think supporters are poor. Don’t mind those people talking negative things about bitcoin, just look on the bright side and you’ll be good.

[iamsheikhadil]

Lol, what do you mean here exactly? Are you trying to imply that Bitcoin and its holders are generally poor and they love to show off their portfolios. Then you are wrong dear, crypto turned many into billionaires, and those are real billionaires, with real cash, not any fake thing.

[cryptoboss2020]

Lol, what do you mean here exactly? Are you trying to imply that Bitcoin and its holders are generally poor and they love to show off their portfolios. Then you are wrong dear, crypto turned many into billionaires, and those are real billionaires, with real cash, not any fake thing.

the money dont show your class yes you can get money but it does not give you the aristrocarcy:)

[HabBear]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

You're not wrong, you're just not completely right. Crytpocurrency is a free'er Wall Street. There are fewer barriers to stop people from owning, trading, or benefiting from Cryptocurrency. It's easier for poor people to buy bitcoin because of the elimination of these barrier, but it's easy for rich people too.

What are these barriers?

• Buying/investing can start with smaller denominations, whereas Wall Street sometimes requires several hundred, thousand, or hundred thousand units of currency to invest
• It doesn't require a specialist (broker or trader) to access the market, one can download Bitcoin Core and start earning bitcoin through mining if they want to or open a faucet account to earn bitcoin...obviously, neither of these are the best way to acquire bitcoin but the access is easy
• The fees are lower
• The freedom to move your balance from wherever an access it from a device are easier

[Quidat]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

You're not wrong, you're just not completely right. Crytpocurrency is a free'er Wall Street. Their fewer barrier stop people form owning, trading, or benefiting from Cryptocurrency. It's easier for poor people to buy bitcoin because of the elimination of these barrier, but it's easy for rich people too.

What are these barriers?

• Buying/investing can start with smaller denominations, whereas Wall Street sometimes requires several hundred, thousand, or hundred thousand units of currency to invest
• It doesn't require a specialist (broker or trader) to access the market, one can download Bitcoin Core and start earning bitcoin through mining if they want to or open a faucet account to earn bitcoin...obviously, neither of these are the best way to acquire bitcoin but the access is easy
• The fees are lower
• The freedom to move your balance from wherever an access it from a device are easier

Well said! Crypto doesnt really set any specifications or rules on where there's a specific people would able to get engage with it.It doesnt matter if you are a rich guy or poor because
everyone is free to get involved with it.The thing that you had mentioned are those facts that do talk about on breaking the boundary or walls on where even a poor man can able to
access it without any problems even with the very little basic knowledge of things which would really be sufficient enough for them to have investment decisions without
any headaches or hardships that would encounter which is totally different when you do deal with traditional things.

[Josefjix]

Lol, what do you mean here exactly? Are you trying to imply that Bitcoin and its holders are generally poor and they love to show off their portfolios. Then you are wrong dear, crypto turned many into billionaires, and those are real billionaires, with real cash, not any fake thing.

the money dont show your class yes you can get money but it does not give you the aristrocarcy:)

There is no industry with quiet and secretive billionaires as Crypto industry. Who would go about flaunting Thier wealth? You are indirectly inviting hackers and fraudsters. Who would want to lose his/her live savings?

[cryptoboss2020]

Lol, what do you mean here exactly? Are you trying to imply that Bitcoin and its holders are generally poor and they love to show off their portfolios. Then you are wrong dear, crypto turned many into billionaires, and those are real billionaires, with real cash, not any fake thing.

the money dont show your class yes you can get money but it does not give you the aristrocarcy:)

There is no industry with quiet and secretive billionaires as Crypto industry. Who would go about flaunting Thier wealth? You are indirectly inviting hackers and fraudsters. Who would want to lose his/her live savings?

yes correct !

[South Park]

You're not wrong, you're just not completely right. Crytpocurrency is a free'er Wall Street. There are fewer barriers to stop people from owning, trading, or benefiting from Cryptocurrency. It's easier for poor people to buy bitcoin because of the elimination of these barrier, but it's easy for rich people too.

What are these barriers?

• Buying/investing can start with smaller denominations, whereas Wall Street sometimes requires several hundred, thousand, or hundred thousand units of currency to invest
• It doesn't require a specialist (broker or trader) to access the market, one can download Bitcoin Core and start earning bitcoin through mining if they want to or open a faucet account to earn bitcoin...obviously, neither of these are the best way to acquire bitcoin but the access is easy
• The fees are lower
• The freedom to move your balance from wherever an access it from a device are easier

This is what I think attracts most people to this market, in order to have a chance to invest in the stock market you need a great deal of capital in hand that most people simply do not have, but when it comes to bitcoin you can enter with whatever amount that you have and this is important, this means that people that had the skill but not the money to enter the traditional markets can come here and try to make a living that way which is great as there is a lot of talent out there, they just lacked the money to be able to apply it.

[FanEagle]

At the end of the day poor man required a wall street of its own and we got it, this is not something bad, this is something definitely understandable and doable.

I would say the best case here would be to say that wall street is not something poor man can get their hands on and make a profit and only a place where rich people would take the money from poor man and this is why poor man needed to find a place for their own profiting.

This is why we found crypto and got involved with it, after all we were looking for something that would help us and we found it in crypto where rich people could still make profit if they want to, but they can't stop poor people to make money as well. When grayscale and the likes makes hundreds of millions of dollars profit, we could make a few hundred dollars profit with them.

[cryptoboss2020]

At the end of the day poor man required a wall street of its own and we got it, this is not something bad, this is something definitely understandable and doable.

I would say the best case here would be to say that wall street is not something poor man can get their hands on and make a profit and only a place where rich people would take the money from poor man and this is why poor man needed to find a place for their own profiting.

This is why we found crypto and got involved with it, after all we were looking for something that would help us and we found it in crypto where rich people could still make profit if they want to, but they can't stop poor people to make money as well. When grayscale and the likes makes hundreds of millions of dollars profit, we could make a few hundred dollars profit with them.

AT the end the cryptocurrency are the way for rich and wealthy manipulate and scam the markets with their fud fomo and dumb actors who are on their payrol

The end results are and always will be average joe are out of his savings!

So let's not talk about cryptocurrency like its some romantic hero.

Who are the whales?  First?  Why we we dont who they are?  Are they paying any taxes? 

If you deal with cryptocurrency better ask help from experienced traders like me!
The cryptocurrency are very dangerous for newbies.

[fullhdpixel]

So is the cryptocurrency is poor men the lower class wall street?

Cryptocurrency is for everyone. If it was for poor men as you said, then why are there lots of big institutions rushing into it now? Or haven’t you seen the news of big institutions that have been buying up all the newly mined bitcoins this year? Greyscale, Square, and of recent PayPal? It’s not meant for a particular set of people, anyone that wants to make use of it will always make use of it whenever they want to.

I think somehow you are right. That is one of the characteristics I most like about crypto currency: you can be part of this universe with the lowest budget you might have and some people can also start from zero, without any investment.

Yeah that’s right, but the way op put his sentence made it seem like he was saying that it was created just for the poor and is being used for the poor. Bitcoin was created for everyone and as you have said anyone can be part of it, no matter how much they have they can always invest.