Crypto is not limited till buying Bitcoins, it is beyond this.

[Silberman]

We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?

We have:
+ NFTs (we know about one user who sold an NFT for $60k that he won for free - a life changing experience)

+ DeFi tokens (liquidity pools, staking, farming are all giving huge returns for small investors)

+ P2E (Play 2 Earn is another way to make money by playing games online and getting tokens or NFTs as rewards, some games have different types of rewards)

There is a reason why many of these options are not considered and this is because we know that a great deal of the coins that we have in the market are either scams or projects that will never amount to anything, so basically if those that were poor invested in any of those projects with the intention of making money then they will fail miserably as most of those that have done so have failed in the past regardless of their economic position.

[johnyj]

We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?

We have:
+ NFTs (we know about one user who sold an NFT for $60k that he won for free - a life changing experience)

+ DeFi tokens (liquidity pools, staking, farming are all giving huge returns for small investors)

+ P2E (Play 2 Earn is another way to make money by playing games online and getting tokens or NFTs as rewards, some games have different types of rewards)

It is really beyond all of these. From surface, it is a new internet form of private ownership of properties, but deeply inside, it is an immortal spirit that could last thousands of years, like language or religion. It established on humans fear and greedy, providing ultimate safety and growth, which every human seeks, generation after generation

[ILuckyGuyI]

Of course cryptocurrency doesn't mean only Bitcoin. There are tens of thousands of coins in the market. Only thing you gotta do is to do a detailed research about some projects and decide which one to invest into. But when it comes to missing the train for Bitcoin, I don't think that anyone missed any train. Yeah, you might have missed the dip level to buy before. But you can still buy BTC and start to HODL. You can still make profit in the long run.

[blckhawk]

Of course cryptocurrency doesn't mean only Bitcoin. There are tens of thousands of coins in the market. Only thing you gotta do is to do a detailed research about some projects and decide which one to invest into. But when it comes to missing the train for Bitcoin, I don't think that anyone missed any train. Yeah, you might have missed the dip level to buy before. But you can still buy BTC and start to HODL. You can still make profit in the long run.

Exactly, and also why get triggered about this OP, of course the newbies will think that it's bitcoin when they talk about cryptocurrencies, it's because of generalization and bitcoin is the first so bitcoin gets the honor of being the one that comes on someone's mind when they're talking about cryptocurrencies.

[TheUltraElite]

We FOUND your reply very interesting because the facts that you have shared were the same thing told to people about Bitcoins when BTC was evolving. Nobody believed in BTC and we used to adjoin Bitcoin's name with scam, ponzi, shitcoin, zero value token, no utility, a money laundering tool, etc. but we can see today that our perceptions towards crypto have changed a lot since we understood how effectively we need crypto as much as it needs us, which is why we tried a little bit to draw everyone's attention towards all the major aspects that make crypto "complete". May we have missed something, please try to add more genres so that our fellow learners may get aware about them.

If you read carefully without blinding yourself with the past bias, you will see that my post is logical and has some reason behind it. The facts I said about poor people are true and there is no denying that. Bitcoin is not the thing to help them, in fact nobody can really help them unless their own governments start a long term approach on it.

Now, I dont see where I made similarities with HYIP and Ponzi like back in 2010 - yes altcoins are comparable to them, but not bitcoin.

Dont think that this is time period is the 2010 of altcoins. Have seen enough to understand that niche projects that start with crypto backing trying to compete mainstream market and having zero market making capability is a declared failure.

The trend is very much prominent with Vaporware Altcoins>ICO>IEO>STO>IEO>Initial Blah blah whatever>DeFi>NFT>P2E... and the cycle continues. Poor people should stay away from these and focus on bitcoin if they can afford it.

[jakdanyel]

This is so true. Cryptocurrency market is not composed of just Bitcoin. We should raise our heads up and look for the many other things existing in the market also. There are tons of altcoins for example. You can stake some money in exchanges. Or you can check out NFTs and see if you will have an interest in it. The list goes on like this. In short, you can try new things different than Bitcoin.

[Princejebs]

This is so true. Cryptocurrency market is not composed of just Bitcoin. We should raise our heads up and look for the many other things existing in the market also. There are tons of altcoins for example. You can stake some money in exchanges. Or you can check out NFTs and see if you will have an interest in it. The list goes on like this. In short, you can try new things different than Bitcoin.

Exploring these new tokens or projects aren't the problem, the challenge is most of them aren't really community driven the way bitcoin has been. When it come to bitcoin, there has never been inequality except for those who bought cheap with their hard earned money when it dipped, of course they deserved the profit but new projects are always centered by few numbers of holders with large token on their bags waiting patiently for who to dump on in every pump opportunity.

[ccFOUND]

<>

Everything, including Bitcoins, is evolving on the principles of speculation only so it's not wrong if we say that even after having billions of dollars invested by institutions in crypto, it is speculation on which they are betting. We don't argue that there is no utility behind, because if there isn't, they are no fools to invest in this. But the network of Bitcoin is strong enough to put money in, which is why alts do not get any special attention.

<>
Bitcoin is not the thing to help them, in fact nobody can really help them unless their own governments start a long term approach on it.

That is a very different subject and we believe that your concerns are true in this matter. Governments do require some very special plans for this specific category to even survive at some places, while in some countries, there are nice people around who take care of this class.

Now, I dont see where I made similarities with HYIP and Ponzi like back in 2010 - yes altcoins are comparable to them, but not bitcoin.

We never said you did. We brought back those words in discussion considering the old talks of all classes - from poor to rich, who used to say that BTC will never surpass any considerable value and will vanish in near time, but the community was so strong behind that they never lose hope and today, they are enjoying their decisions and it also includes poor class people.

[Yamifoud]

We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?

The truth is that poor people are neglecting to find good things about crypto until such the time that they found it different from the negative news and FUDs they've heard around leading a way to regret themselves by missing this opportunity. Maybe it was not just poor people because we can't hide the truth that most of us are still not able to understand the crypto market and the risk really high which discourage them to invest. But they just surprise how Bitcoin has grown so fast as they are thinking differently and that is how it embarrass them. 

[ccFOUND]

<>
But they just surprise how Bitcoin has grown so fast as they are thinking differently and that is how it embarrass them.  

Bitcoin never grew up fast, it went up steadily and took more than a decade to reach here. And still, all people of all categories had a chance to think and invest in Bitcoins but they didn't because they thought the market was highly risky and volatile and they may not be able to sell what they would be buying. We consider it too late now because we know that the value Bitcoin holds, is not something that an average guy could also afford if going to buy 1 full BTC but there are good projects which, if won't give returns like BTC, can still perform very good and give better returns than even penny stocks.

[just_Alice]

It's not that simple with the examples you've listed here. NFTs can be very unpredictable, I think you need more luck to make money with NFTs than with regular cryptocurrencies. There's such a wide range of them and it's really hard to predict what will set the trend.

P2E requires skills, which many don't have, and it's pretty competitive so one would need to dedicate a lot of time to make money out of it.

But I'll agree with you about DeFi tokens, they can bring good profit and I wouldn't say it's more dangerous than investing in crypto, and this train hasn't left the station yet.

[johnyj]

I just saw a movie series about an ancient king seeking immortal life by uploading his memory into another new body every time he dies.

It is quite similar here, since memory is just lots of data and logic, you could upload your data and special logic onto blockchain using smart contracts, it could run many generations after you died. This has been simulated in many sci-fi games but all those systems failed eventually, since there is a single point of failure. Now it is actually making some sense on blockchain

Constructing the rules of an ideal society, and let the rules run on blockchain for thousands of years, even better, those rules have the ability to self-upgrade, we are just seeing the beginning of this revolution for humanity

[ethereumhunter]

True, their lack of knowledge in this matter is also influential. They are sometimes reluctant to try something new related to crypto. Because of their unwillingness to learn. Very unfortunate. If they could see that opportunity, they would be able to change their fate for the better than before.

Yes, it is hard to change their mind or vision about changing their life to be better because they feel that they are already in their comfort zone. But I am sure some of them want to change their life by work hard and accept new things and learn more about crypto. Hopefully, they will realize that the world is changing and if they want to be a part of this, they can start now.

Easy to say this thing when you're not poor, not everyone has access to computers and the Internet it's difficult for them to find ways to make money. Their daily life is always aimed at survival so they don't have time to find another means to make money.

I am sure the internet will be evenly distributed in the poor area so people will easy to access the internet and get many new things that can open their eyes about the changing. They will survive in this hardest of life but they can also have a new way to make money.

[Rajamuda]

Now that cryptocurrencies are more recognizable to the increasing market price developments, and their popularity is increasingly recognized so that there are many enthusiasts from various countries, of course cryptocurrencies will grow more and more extraordinary, which is not only Bitcoin, many Altcoins are created from its development. There are more and more cryptocurrency projects, it's like entering a new era from various circles until cryptocurrency is getting closer to humans for its various advantages in terms of investment, trading, another income, etc.

[Kimonoe]

cryptocurrency orientation lies in its increasingly expensive price, so many people are currently starting to learn about it, because they want the money made from it, regardless of using crypto as a currency. I think it's because people follow current trends, just like fashion trends

[imstillthebest]

yes because when you say cryptos , they are compose of different digital/decentralize currency but if you only say bitcoin , that is only one digital/decentralize currency .
you can add in that crypto is only not limited for the poor but everyone can participate here whatever their financial status are .
what happens if btc skyrockets ? well they can sell their btc , take profits and re invest again at the dip but they can also follow your new earning list if ever they dont want to sell yet their btc .

[Wong Gendheng]

cryptocurrency orientation lies in its increasingly expensive price, so many people are currently starting to learn about it, because they want the money made from it, regardless of using crypto as a currency. I think it's because people follow current trends, just like fashion trends

Now the crypto trend continues to increase, crypto offers different things than fiat currency or various types of investments, the crypto trend is of course very dependent on the community, as long as the community is solid it is certain that crypto users will continue to survive.

[maju69]

This is so true. Cryptocurrency market is not composed of just Bitcoin. We should raise our heads up and look for the many other things existing in the market also. There are tons of altcoins for example. You can stake some money in exchanges. Or you can check out NFTs and see if you will have an interest in it. The list goes on like this. In short, you can try new things different than Bitcoin.

There's nothing wrong with that, because we don't know that before our eyes it turns out that the benefits are not only from Bitcoin, and it has been proven a lot. Many projects that we can explore to prove that there is at least 1 out of thousands of projects that can make you feel profitable investing in it.

[barbara44]

We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?

Your point may be right or wrong still I agree that we shouldn’t limit our thinking. People do tell me that they fear that they have missed out on the opportunity of investing their money in bitcoin so they don’t want to invest in it again. It’s totally wrong to have that kind of mindset.

Even if you missed bitcoin, bitcoin is not the only thing that we have in this market, there are lots of other opportunities that we have here and anyone can make use of these opportunities to earn. That’s why we need to chill and study the market very well and know how it works and the latest and best projects that are available to us. I have seen a lot of trends come into this market and people will use them as opportunity to make lots of money that will change their life.

[dothebeats]

The P2E scene is still very young, with only a few notable games that really stand out and define what play to earn really means. I wouldn't recommend it for serious investors right now who want to start small, but it's still worth looking albeit the current shape of the said industry. It would appeal much to gamers who are competitive in nature (Axie Infinity specifically) since it helps them practice their skills all the while earning on the side. Unless you have a knack for gaming and you have some money to spare, I wouldn't recommend getting into this space very early on, but that's just me.