Cryptocurrency is poor men Lower class wall street

[jaysabi]

Before Bitcoin reached the all-time high price, I agree that crypto investors are indeed from the middle and lower class.
Because wealthy people are accustomed to profiting from investing in gold and the stocks market, consider crypto investing
to be very risky. When the crypto price hype in 2017 then everyone started to realize the potential of cryptocurrency,
after that cryptocurrency investment became for everyone.

How things changed with crypto is that those who were initially saying that stay away from crypto or it will just become worthless few years ago and now billionaires and big institutions are coming and buying it. It all started a decade ago and those who knew it will grow bought it as per their capacity and continue holding it because they believed in it and also was looking much better after 2017 when people realized that it has huge potential to grow and will be more adopted as well. And in 2020 we are seeing the same things that it is getting adopted and price will rise and bounce back too after fall.

Not so much. You're over-estimating the amount of people who have become billionaires because of crypto.  There may be some, but it's not commonplace. It's not even commonplace for there to be millionaires because of crypto.  There are more cases of that, but those are just people who were in the right place at the right time.  It's attributable to luck more than anything.  People getting into crypto now trying to become millionaires are chasing a pipe dream.  The law of large numbers is in play and bitcoin just can't continue its past growth rate because of it.

[jaberwock]

Whether poor men Wall Street or whatever it is they want to call it is none of my business, all that matters to me is that Bitcoin is a very good asset and I am not going to miss out on it. For like five years now I’ve been steady making use of Bitcoin and also investing in it.

I have not seen any method of transaction that works for me the way Bitcoin works, me and my friends have been making use of it now for transactions abroad; imagine I can just be in my room and send any amount of money to my friends and they will get it that same minute or highest 30 minutes/1 hour, and also withdraw it that same time. And when it comes to investment, Bitcoin also delivers. Bitcoin is really changing everything, whether they like it or not.

[RealMalatesta]

We are having fun here, we are making lives here, we are not hurting anyone here neither, so I do not see how we could be wall street. The bad side of wall street is that they will try to get as much money as they possibly can, which means they need to get money from people you and me and we need to have zero in our pockets in order for them to grow bigger, there is a limited amount of money in the world and for them to continue making profit they need to have it all.

This is why crypto is nothing like that, we could all have crypto, and price could go up and we all make a profit, there are scenarios in crypto world where we make so much money that nobody ever loses anything, we just keep getting richer, you can't see that in the wall street world.

[South Park]

And we enjoy it as well. That is what people are forgetting in crypto, it is fun. Not many people talk about that part of crypto world and I understand that there are people who invest just few dollars and there are people who invest tens of thousands of dollars or even maybe hundreds of thousands to millions and I get it.

However if you are a regular person like me, who normally doesn't do investing and usually doesn't have the option to rival stock market people because they act like they own that world, here in crypto world things are different. I can honestly feel like I could potentially fight to earn some money in spite of whales but the fact that I could have immense amount of fun while doing it and not only make profit but also entertained while doing it, that is incredible.

That is a very positive attitude to have and I must confess I do not have it, I have fun learning more about bitcoin and by being part of the community but when I am trading I am too nervous, I do not let those feelings to take control of me but I still find in trading a difficult activity that costs me a great deal of effort, probably this is because I have not gotten my big break or anything like that, but I am sure when that happens I will probably be way more relaxed and I will be able to take advantage of the opportunities the market offers with more confidence.

[AndySt]

That is a very positive attitude to have and I must confess I do not have it, I have fun learning more about bitcoin and by being part of the community but when I am trading I am too nervous, I do not let those feelings to take control of me but I still find in trading a difficult activity that costs me a great deal of effort, probably this is because I have not gotten my big break or anything like that, but I am sure when that happens I will probably be way more relaxed and I will be able to take advantage of the opportunities the market offers with more confidence.

The degree of feeling relaxed depends very much on the amount of cryptocurrency that you trade on the market It's one thing when it's entertainment and trading small amounts of nothing, but quite another when you risk your capital. I am not sure that you can relax much and look at the market movements with absolute calm when there is a risk of losing a significant part of your capital as a result of unsuccessful and ill-considered operations. Therefore, excessive relaxation is not always appropriate.

[Sayeds56]

Before Bitcoin reached the all-time high price, I agree that crypto investors are indeed from the middle and lower class.
Because wealthy people are accustomed to profiting from investing in gold and the stocks market, consider crypto investing
to be very risky. When the crypto price hype in 2017 then everyone started to realize the potential of cryptocurrency,
after that cryptocurrency investment became for everyone.

How things changed with crypto is that those who were initially saying that stay away from crypto or it will just become worthless few years ago and now billionaires and big institutions are coming and buying it. It all started a decade ago and those who knew it will grow bought it as per their capacity and continue holding it because they believed in it and also was looking much better after 2017 when people realized that it has huge potential to grow and will be more adopted as well. And in 2020 we are seeing the same things that it is getting adopted and price will rise and bounce back too after fall.

Well said. It is a fantastic change and unbelievable growth that crypto industry has achieved in short span of Time. It is a beautiful journey from 2009 to 2021 which passed through many ups and downs. Nobody had ever thought that a Digital currency that appeared on world map in 2009 and was initially traded for few cents would reach beyond $40,000 in only 11 years. The Market cap of crypto industry today stands around 1 Trillion that is Remarkable growth. This all happened because people have recognized benefits/ importance of Block chain.

[TheGreatPython]

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

But I like that

Why are they pained? Because they want it be out of reach for the poor?

Well, that’s a disappointment for them because cryptocurrency was created for everyone and not for the rich only. Bitcoin is really good to the extent that everyone can buy it and they will manage it by themselves, you don’t need the help of anyone or any institutions to handle your asset for you, you can do it for yourself.

Next thing is that you can buy for as low as you want, any amount you have can be used to buy Bitcoin. The first Bitcoin I got when I was still new was worth $15 when the price of a Bitcoin was $250 and that amount increased as the price increased.

[redsun114]

It is a fantastic change and unbelievable growth that crypto industry has achieved in short span of Time. It is a beautiful journey from 2009 to 2021 which passed through many ups and downs. Nobody had ever thought that a Digital currency that appeared on world map in 2009 and was initially traded for few cents would reach beyond $40,000 in only 11 years. The Market cap of crypto industry today stands around 1 Trillion that is Remarkable growth. This all happened because people have recognized benefits/ importance of Block chain.

I still can't believe the sector growing too much neither, that is the biggest shocking part. Binance for example is such a huge company with such a huge amount of income that if they were an USA company that pays taxes and regulated and so forth, things would have been a bit different of course but they would have been capable of buying huge huuuge companies under their brand starting with coinbase of course but keep growing internationally (they are still trying but it is hard to do it while trying to hide your HQ).

Long story short we are talking about crypto prices going up, and that is awesome, but we also have thousands of huge crypto related companies who are making millions of dollars, and total combined billions of dollars every year, that is a huge sector that people are ignoring, bitcoin can never die anymore because those companies would never let that happen.