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TedMosby
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March 27, 2021, 04:45:19 PM |
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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.
the most popular local crypto exchange in my country has a minimum limit for BTC orders around $0.69. according to this, I can say there's a demand for small BTC orders on that exchange. the minimum wage here is around $200 per month. this exchange already has almost 3 million users. it is just 1% of the total population of my country. IMO, bitcoin (in general) is for all, but bitcoin transactions might be not for all. |
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ecnalubma
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March 27, 2021, 04:48:14 PM |
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Are normal people working minimum wage buying bitcoin, even if it is a small amount?
They can, if they wanted to save for their future. When you’re in crypto anyone has the opportunity to buy the amount of sats they want. Unlike the stock market with a lot requirements to able to secure investment, Bitcoin opens door to common people to make investment the amount that they can afford with less hassle. |
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jonval21
Full Member
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Activity: 588
Merit: 111
I love the Cryptocurrency world
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March 27, 2021, 04:50:30 PM |
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This is simple, only smart people will buy Bitcoin, some invest in forex, and other exchanges, but if I have the necessary information it is clear that in a short time the investment made at this time will grow leaving good results, if this is an investment sure, why hesitate?
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nightxglow
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March 27, 2021, 05:01:58 PM |
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I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
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taufik123
Legendary
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Activity: 2520
Merit: 1721
MrStork Exchange Service
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March 27, 2021, 05:27:55 PM |
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I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Indeed, there are many ways you can get bitcoin for free. However, currently it is not easy to get it and the number of bitcoins that are obtained is also very small. Unlike in the past, there were lots of bounties and airdrops that gave a lot of bitcoins when the price was still under $100. Now getting coins for free seems a waste of time because there are so many rules and very little amount. If you have enough money or just a little bit, you can buy bitcoin gradually. Purchasing in stages is also called an investment in installments or buying it every week. it will also be profitable when the price suddenly starts to rise. |
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Finestream
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March 27, 2021, 06:38:26 PM |
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I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Bitcoin is totally expensive if you think of its price but that doesn't mean that it's only for wealthy people because bitcoin is made for everyone. Of course, those only who can afford can have it either you take money from loans or from your hard earned savings. But the more you have money, the bigger the opportunity to invest in bitcoin. You can still earn bitcoin from signature campaigns but it will take time for you to earn that amount to pay the price even a fraction of it. |
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jerrison
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March 27, 2021, 09:30:56 PM |
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I will say the types of people who buy Bitcoin are the liberated souls and those who are open minded to loads of things including technology and all that it comes with. It will wow you to know that loads of people are yet to tap into the Bitcoin network both as investors or as workers and they are actually over qualified for it. 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.
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TribalBob
Sr. Member
Offline
Activity: 1288
Merit: 257
Chainjoes.com
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March 27, 2021, 10:49:28 PM |
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I think everyone can have bitcoin, not only rich people, I who are a housewife can collect bitcoins for free, it doesn't interfere with my shopping money,
I followed the bounty and airdrop from the results I set aside to buy bitcoin, and I was grateful I enjoyed the profit when bitcoin was $ 50k,
Don't ever be pessimistic about the rich and big investors, man, sure what people say, why can't we! they can buy and have bitcoin sure we can even though the free way
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xSkylarx
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March 28, 2021, 07:20:48 AM |
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Just like saving cash, any amount is good as long as you do it consistently. Bitcoin's price is increasing over the years so you are not just saving but also you earn when its value increases. There could be bear season but if you have strong mind to not panic sell then it will benefit you a lot in the near future. I myself is also buying bitcoin monthly from my salary. Whatever the price is I always buy 40$ worth of bitcoin monthly since last year. Bitcoin has still a lot to grow now that many institutions are looking to invest on it.
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Ewox
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March 28, 2021, 10:06:39 AM |
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Everyone can access or buy Bitcoin even if they’re not that rich, if you have an extra money for the minimum wage you earn from your salary then you can just slowly buy Bitcoin with the amount of fiat money that you have. Just make sure Bitcoins price is not increasing though so you can alao do averaging at the same time. That’s what I did back in 2017 when I still haven’t had enough money to buy Bitcoin and was earning the minimum wage, but I still did profit from it by hodling them until now.
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JohnBitCo
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March 28, 2021, 11:06:49 AM |
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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.
When it comes to the buying of bitcoin, i has nothing to do with the class. I know many people who are rich but do not invest in crypto because they feel that they may lose the money of bitcoin dumps. However there are other people who save money from their salaries and keep accumulating bitcoins. Only those who have belief in bitcoin, invest in it. |
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rosebrand
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March 28, 2021, 12:13:40 PM |
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Bitcoin isn't meant for any set of people, bitcoin is for everyone who wishes to buy or take part in it, anyone who wants to invest will have to buy the portion or amount he can afford to matter the country or location because even if a country doesn't accept bitcoin there are some exchanges who has features of P2P trade so buying presently now is never a problem. The main thing there is not everyone can afford buying 1 bitcoin so everyone buys according to what there can afford like some people who buys today buys in fraction.
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mbe48
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March 28, 2021, 01:07:22 PM |
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In my opinion, bitcoin can be owned by everyone. Does not judge people by the income they generate, because basically bitcoin is intended for people who have buying interest.
I am personally also a cryptohunter, who is looking for income from here that I will save for investing in bitcoin.
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AicecreaME
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March 28, 2021, 03:37:15 PM |
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Not only privileged people are buying Bitcoin, even those normal ones are buying Bitcoin. You don't need a lot of money for you to buy Bitcoin, instead you'll need a lot of deep understanding about Bitcoin for you to convince yourself to buy it that even some rich people don't still do. The type of people that buys Bitcoin are only those who are open-minded to things that are interesting. Risking a couple of dollars wouldn't harm you even if you lose for example, so take the risk to know what's the truth.
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Trinx01
Member
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Activity: 297
Merit: 40
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March 28, 2021, 03:43:59 PM |
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Everyone has the privilege to buy bitcoin no matter their status in life is but it would be better if you prioritize first the necessary things you needed and your family before buying bitcoin because there is no assurance that you can earn money when buying it so it is better if we secured first the things we need in our lives, if you only earn enough money for your stuff then I don't think that buying bitcoin would be a good choice but it still on you if you are going to take the risk.
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Alucard1
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March 28, 2021, 03:48:35 PM |
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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.
Those elite or those who earn huge amount of money have the confidence on buying bitcoin even though the risk on it is still there, they are not that too scared of losing money because they can still earn it on their own but those people who don't have stable life are scared of doing it because they are afraid of losing the money that they have earned from their hard work. Anyone can buy bitcoin as long as they want no one will restrict them from doing that. |
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pankowri
Member
Offline
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
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March 28, 2021, 04:04:29 PM |
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For buy BTC you should not have much money or highly paid job. You must have a dream, a passion, a desire of achieve, some time, loyalties, khowledge and the amount whatever you want to invest in your initial level.
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Asuspawer09
Sr. Member
Offline
Activity: 1652
Merit: 425
Cashback 15%
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March 28, 2021, 04:30:10 PM |
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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 it doesn't matter who you are as long as you have the money, you could buy bitcoin where ever you are as long as you know how to. Probably the reason why a lot of people don't buy this is, they just don't know what bitcoin is and don't know if bitcoin is really worth buying or possibly could just be a waste of money. Anyone could be a millionaire or a billionaire this day if they just know that investing in bitcoin in the past years would make them. Holding bitcoin is not that easy as well thinking your holding it for 10years or more. |
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btc-facebook
Legendary
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Activity: 1862
Merit: 1015
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March 28, 2021, 11:32:02 PM |
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Bitocin can be owned by anyone, as long as you want to own bitcoin you can store it, even with $10 you can buy bitcoin, it's just that you will only get a small amount of bitcoin, with the current price of $ 2000 bitcoin and you want to buy bitcoin with a capital of $10 then you will get around 0.00017979 BTC  |
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jellylily
Jr. Member
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Activity: 50
Merit: 2
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March 29, 2021, 02:23:25 AM |
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Yes, even if you only have a small amount of money, you can buy a little bit of Bitcoin as a long-term investment. Because you buy less, you won’t feel too distressed even if you lose money in the short term. Of course, in the long run, Bitcoin is It will definitely rise again, and there is still a lot of room for growth.
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