Type of people who buy bitcoin.

[so98nn]

In summary: You can buy bitcoin as long as you have money regardless of your financial situation, and remember that you can buy fractions for a bitcoin. Regardless how crappy and how low-paying your job is, as long as you are able to save some money, then sure you can buy bitcoin. But of course, obviously the wealthier people would be able to take advantage of Bitcoin more; just as with any other investment.

It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!

1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR

I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.

You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!

[Innerpumper]

Well, it's not just about buying, bitcoin is also used as a wage payment in work. I am one of the people who works with bitcoin payments. never did. If you mean the elite people alone can buy it. it is the wrong thing,even those who really want to trade with $10 capital can already buy bitcoin on binance.

[posi]

Invest in Bitcoin doesn't have to do with class (rich or poor) but understanding the market cause the market will always present an opportunity to buy low (common people who have to understand and trust Bitcoin are the early stage are doing good now) and the last time I checked the dream of every normal people working minimum wages is to hold a single Bitcoin which is ourpose that can be achieve. Most people who are Bitcoin Millionaire before the institutional investors joined the market are minimum wage people Erick Finnan is an example.

[mk4]

It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!

1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR

I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.

You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!

It won't be easy for some, but it ain't impossible either. Now, it's going to be completely up to them if they would adjust their lifestyle for them to be able to stack more sats or not.

As for conversion fees, they're percentage based though. So if the money you're converting is low, the fees(in fiat value) is going to be low as well. As for owning one whole bitcoin, seriously, while it's a good goal have, people should stop becoming too obsessed, thinking that having one whole unit should be a requirement or something.

[Myleschetty]

It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!

1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR

I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.

You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!

It won't be easy for some, but it ain't impossible either. Now, it's going to be completely up to them if they would adjust their lifestyle for them to be able to stack more sats or not.

As for conversion fees, they're percentage based though. So if the money you're converting is low, the fees(in fiat value) is going to be low as well. As for owning one whole bitcoin, seriously, while it's a good goal have, people should stop becoming too obsessed, thinking that having one whole unit should be a requirement or something.

Bitcoin is considered to be the hedge against fiat currencies which the reason why institutional investors and companies like Tesla also invested and accept Bitcoin as payment because we are in a situation where fiat currency has a denying real interest which makes it lose value.
The only thing a minimum wage individual can do is invested a fraction of her earning into Bitcoin rather than saving her fund in the Bank

[DarkDays]

Invest in Bitcoin doesn't have to do with class (rich or poor) but understanding the market cause the market will present an opportunity to buy low (we people who have to understand and trust Bitcoin are the early stage)and the last time I checked the dream of every normal people working minimum wages is to hold a single Bitcoin which is purpose. Most people who are Bitcoin Millionaire before the institutional investors joined the market are minimum wage people

Yes, it is true that to invest you need to have the knowledge but you also need to have the time and above all capital that you can invest. It seems to me that people who embrace change and welcomes technology are among the highest tiers that buy Bitcoin. Unfortunately, at the moment BTC hasn't become so common that any commoner will have but this tends to improve with time...

[fenixosup]

Some people still think that bitcoin is easy money and they are ready to spend their last credit money to buy crypto, you know

[slapper]

If you have some extra money, you can buy bitcoin, no matter how many in the quantity. But due to the high fee, it would be a waste of money to buy bitcoin on a small scale. In my country, I know a guy whose salary is about $400 but still tries to save $50 each month for his wet dream with bitcoin, lol. And I do respect this man.

However, I believe that there are lots of options for people with small wages, such as Ethereum, Binance coin, etc. But first, you need to dig deep for good information and also remember to buy during the dip. You might suffer a huge pain if you choose to buy on a peak.

[suzanne5223]

This reminds the story of a Norwegian man that bought $27 worth of Bitcoin in the year 2009, he kept and forgot about them but he later discovered their value had a pump to $980,000 in the year 2014.
Listen, it not about how much money you have, how expensive it is now but it about you seizing the opportunity the market brings forth and you have good knowledge about how to invest profitably.

[MinoRaiola]

I think now almost all types of people buying bitcoin. It became popular at 2017 and becoming more popular since then. As for me, i'm freelancing and spend about 10% of my month earnings into btc.

I think it is people who think a lot about the future and find the current situation unsatisfactory. you need courage for change, technical understanding and healthy skepticism, then bitcoin will be a solution. It is also important to want to take a risk, because we do that in the short term ... for more than a decade I see it as a minimal risk.

[ene1980]

I think it is people who think a lot about the future and find the current situation unsatisfactory. you need courage for change, technical understanding and healthy skepticism, then bitcoin will be a solution. It is also important to want to take a risk, because we do that in the short term ... for more than a decade I see it as a minimal risk.

The problem with majority of the common investors is that they do not want to take much risk and i am not expecting people to invest when the price is this high. It is not about technical understanding as there are none to identify why and when the price will rally unless you have huge investment coming in and small time investors will be cautious about the high volatility as well.

[adzino]

Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.

Anyone can buy bitcoin as long as they can afford to. It's not like you have to be extremely rich or privileged to buy bitcoin. People with minimum wage can also invest in bitcoin as long as they are willing to lead a frugal life and save every penny they can in bitcoin. You don't have to buy one whole bitcoin. You can buy fractions of bitcoin. Try saving like $25 bucks a week and you will have around $100 to invest in bitcoin by the end of the month. Keep doing this and you will invest around $1,200 in a year. That $1,200 might turn your life around in the future who knows.

[Bitcoinislife09]

Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.

I guess even if it is a small amount as long as you know what you are doing and know the potential of bitcoin you could still buy it and invest in it. I just started in bitcoin with just buying 20$ of bitcoin weekly and then just started from that 20$ to buying and selling my bitcoin when the price is pumping and when the price is dumping. If you do that in the past years continuously you could easily earn a good amount of profit today considering the market price of bitcoin today is around 50k$ and way back it was just around 400$ so you could easily earn a profit as long as you know bitcoin and buy it that time.

[mazdafunsun]

The age where only rich can buy stocks is over. Not to talk about crypto, crypto has been accessible to poor and average citizens from the start, in crypto the rich are getting in later than average joe. Also the companies are getting in later than person with normal income.

[Rexler]

Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.

No, absolutely not, bitcoin isn't for the elite or rich people alone, bitcoin is for everyone in the world who believes in the technology, also I think  people who are able to live comfortably on their money wage and still have some left over can  buy bitcoin, i believe they are alot of them out, it's not mandatory that someone must own 1 bitcoin, even if you buy piece by piece or own a few million sats you're okay, you don't need to buy one buy at a time.

[kawetsriyanto]

Once again, there may be misunderstood about the people who are buying or getting into Bitcoin. this is something quite different from the money or asset to have in the real world. In Bitcoin or other cryptocurrencies, everybody has the similar right to buy bitcoin in whatever amount. we can buy Bitcoin from small amounts to big amounts. Sometimes, whales will be dominant, but we can be ourselves to get profits from Bitcoin,. We can add from point to point to get the profits and get more amount of bitcoin again.

[Bilgent]

Once again, there may be misunderstood about the people who are buying or getting into Bitcoin. this is something quite different from the money or asset to have in the real world. In Bitcoin or other cryptocurrencies, everybody has the similar right to buy bitcoin in whatever amount. we can buy Bitcoin from small amounts to big amounts. Sometimes, whales will be dominant, but we can be ourselves to get profits from Bitcoin,. We can add from point to point to get the profits and get more amount of bitcoin again.

Yes, I agree. Bitcoin is not only for rich people. All people have the same right to buy Bitcoin. It is just a matter of the amount of Bitcoin you are able to buy. Not everyone has the financial power to buy high amount of BTC (especially when the price is too high).

[Ryker1]

Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.

Well, yes they can. If they have an extra amount and they are crypto enthusiasts --perhaps they will purchase bitcoin even a small amount and save it like your monthly saving that can be used in the future when you needed most financially. There is nothing wrong if you are normal people that earned a minimum wage monthly, even me, I am working at a minimum wage to sustain my family, and sometimes back then when the bitcoin price was down too much I can still manage my money to invest in bitcoin. It is a good investment at all.

[Josefjix]

I can only speak of the situation in my own country, the minimum wage here is Just $80,  people need to feed and pay bills what would be left for an average person to invest in Bitcoin? There are people who still starve themselves to get bitcoin in their wallets regardless of the economical situations in the country. I believe it is applicable to other regions of the world as well.

[Ridwan Fauzi]

Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.

Why not, they have a chance to buy bitcoin. Actually there is no limitation amount to buy bitcoin. Although you just have $10 in your wallet you can buy bitcoin with that. This is why, I always support for those who want make a saving money and I'll recommend bitcoin as their saving place. If they have money per week even per months they can buy bitcoin with the money that they can afford to lose. Like me, before bitcoin price up passed $20.000 I always tried to collect bitcoin as much as I can, I bought bitcoin with $5 per days and everytime I had money.