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January 13, 2022, 02:48:47 PM
Merited by JayJuanGee (1)
 #41

That's the fact that we have to face that Bitcoin investment could only be perfect for those who can invest in it. It needs emotional and financial preparedness because knowledge and understanding about the basics of it aren't enough if we don't have enough allocated funds to invest in it. Bitcoin might not be for everyone but we can do something to change our fate. Saving and allocating a portion of our earnings so we'll have something to invest in it would be a good move.

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January 13, 2022, 04:50:14 PM
 #42

A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.
That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.


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January 13, 2022, 07:39:20 PM
 #43

That's the fact that we have to face that Bitcoin investment could only be perfect for those who can invest in it. It needs emotional and financial preparedness because knowledge and understanding about the basics of it aren't enough if we don't have enough allocated funds to invest in it. Bitcoin might not be for everyone but we can do something to change our fate. Saving and allocating a portion of our earnings so we'll have something to invest in it would be a good move.
Lacking of finances can be a great barrier not to create positive changes in  one's life. But if you are determined to fulfill your dream, you can do something to make it work. Investing in bitcoin is for everyone so all are free to buy bitcoin even in just a small amount. And i think earning a small portion of your income is still possible so that you can start to invest in bitcoin that will help improve your life once you make profits in bitcoin. As long as you have the courage and patience to hold it for quite some time, definitely it will give good returns once bitcoin becomes bullish again.

.
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January 13, 2022, 07:58:39 PM
 #44

We live in an unfair world! That is a given.

And, no, Bitcoin is not for everyone. Bitcoin is not for those who don't even have the money to buy food. Bitcoin is not for those who don't even know what a smart phone is. Bitcoin is not for those people living off the grid. Bitcoin is not for those whose hands of education haven't reached and who remain illiterate. Generally, Bitcoin is not for a significant portion of the world's population.

This has been like this. This has been humanity ever since.

Haha but all that you said those not mean that users here all had all those qualities before they joined here or knew and have the knowledge they currently have. There I think bitcoin is for those who allow themselves to be convinced either explicitly by what they have seen or that they are just in the trier mode  Grin I think everyone has a chance to understand bitcoin and those who are already internet freak have a larger chance.
You are right. There is more advantage in bitcoin if you are tech savvy, and of course if you have a lot of money to invest. But i think everyone is capable to learn in crypto , its just that others do not have the patience to learn and understand it. And everyone is free to invest even if you only have to buy a small portion of bitcoin.

However, i still think even if you have all the means to be more capable to invest in bitcoin, but the fact that you don't have positive mindset and do not have faith in bitcoin, then you won't still be profitable in bitcoin.

.
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January 13, 2022, 11:20:28 PM
Merited by JayJuanGee (1)
 #45

A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.
That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.
Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes.




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January 13, 2022, 11:46:42 PM
 #46

A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.
That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.
Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes.

Even if you don't have any capital to spend on bitcoin you can still have a good start if you work with it since I believe many start with zero capital here and the only method they do is to find job which pays them with bitcoin then use it to grow. We know bitcoin is expensive and if we look at it on its price then maybe we will not like it since we think that we cannot afford to buy and be afraid if the price dump since it will hard for us to recover especially when we are new in the business.

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January 13, 2022, 11:53:21 PM
 #47

For normal life circle not every body like to eat rice but every one know what is rice, you most not like every thing that come around you for investment, some people use to see Bitcoin devil kind of some thing that they don't know the way about but know the news of bitcoin, and some people is seeing it fraud some thing, you can not believe any one who saying bad about Bitcoin is uncivilized about bitcoin, many people have the money to put into bitcoin but they don't like to put their money, from what i copy out in bitcoin is like food or bank, you will decide the bank you will bank

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January 14, 2022, 01:25:24 AM
 #48

We live in an unfair world! That is a given.

And, no, Bitcoin is not for everyone. Bitcoin is not for those who don't even have the money to buy food. Bitcoin is not for those who don't even know what a smart phone is. Bitcoin is not for those people living off the grid. Bitcoin is not for those whose hands of education haven't reached and who remain illiterate. Generally, Bitcoin is not for a significant portion of the world's population.

This has been like this. This has been humanity ever since.

Haha but all that you said those not mean that users here all had all those qualities before they joined here or knew and have the knowledge they currently have. There I think bitcoin is for those who allow themselves to be convinced either explicitly by what they have seen or that they are just in the trier mode  Grin I think everyone has a chance to understand bitcoin and those who are already internet freak have a larger chance.
You are right. There is more advantage in bitcoin if you are tech savvy, and of course if you have a lot of money to invest. But i think everyone is capable to learn in crypto , its just that others do not have the patience to learn and understand it. And everyone is free to invest even if you only have to buy a small portion of bitcoin.

However, i still think even if you have all the means to be more capable to invest in bitcoin, but the fact that you don't have positive mindset and do not have faith in bitcoin, then you won't still be profitable in bitcoin.

No, I don't agree with you both. It is not as if Bitcoin is merely something that people would only either accept or not. Bitcoin is not only a question of patience, or the ability to understand, or being open-minded, and other personal factors. Those are too limited.

There are a lot of people who are caught in situations in which they wouldn't even encounter Bitcoin. It is not as if Bitcoin is right in front of everyone waiting for their interest and curiosity. There are prerequisites. Bitcoin, for example, basically requires electricity, internet connection, at least a smart phone, and so on. These are things many people don't have.

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January 14, 2022, 06:39:38 AM
 #49

The average person must have probably heard of bitcoin or cryptocurrency as an asset class, however the means to start and engage with it is always a problem. Many have been capacitated with knowledge and understands what the game is all about, but they have been stopped by a financial barrier that prevents them from reaching the other end of financial freedom.
I understand that you are trying to emphasize about the difficulties of high value of bitcoin for first time investors. But, we still live in fiat world, we earn and spend in fiat hence you should start considering all your bitcoin related investments only in fiat and not in BTC; for example if you invest some 100 USD into bitcoin then you should calculate profit or losses only in USD and no need to bother about where the bitcoin is trading.

I do see people do the same for stock market as they do consider the price of a stock is highly insignificant because after a split, price of a stock may vary drastically whereas for same investment you might be holding more number of shares. So, where we buy a stock and where we sell is alone important and not the price of a stock. Same could be applied for bitcoin investments as well.

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January 14, 2022, 07:01:05 AM
 #50

We live in an unfair world! That is a given.

And, no, Bitcoin is not for everyone. Bitcoin is not for those who don't even have the money to buy food. Bitcoin is not for those who don't even know what a smart phone is. Bitcoin is not for those people living off the grid. Bitcoin is not for those whose hands of education haven't reached and who remain illiterate. Generally, Bitcoin is not for a significant portion of the world's population.

This has been like this. This has been humanity ever since.
Investing in bitcoin is like we save gold or invest in a piece of land and it requires patience for us to enjoy the results of that investment, I think nowadays many people have heard about bitcoin, but their limited funds and knowledge make them just a spectator without being involved can do anything and in the end such people will be left behind by the advancing era.

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January 14, 2022, 10:26:08 AM
 #51

We live in an unfair world! That is a given.

And, no, Bitcoin is not for everyone. Bitcoin is not for those who don't even have the money to buy food. Bitcoin is not for those who don't even know what a smart phone is. Bitcoin is not for those people living off the grid. Bitcoin is not for those whose hands of education haven't reached and who remain illiterate. Generally, Bitcoin is not for a significant portion of the world's population.

This has been like this. This has been humanity ever since.
Investing in bitcoin is like we save gold or invest in a piece of land and it requires patience for us to enjoy the results of that investment, I think nowadays many people have heard about bitcoin, but their limited funds and knowledge make them just a spectator without being involved can do anything and in the end such people will be left behind by the advancing era.
If you only talk about Bitcoin, I think many people already know,
but indeed people who understand in detail about crypto are not as many people who only know Bitcoin,
apart from that we don't need to bother thinking about it

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January 14, 2022, 03:40:32 PM
Merited by JayJuanGee (1)
 #52

I somehow agree with your statement but I also disagree with some points.

Being born rich can definitely put you to a great advantage in terms of access and convenience. You have the funds in order to supplement yourself with the information needed to run this world. In contrast, people who are born poor must have to double or triple their effort in order to make ends meet. But this does not mean that people who are born poor cannot acquire the opportunities of those born rich.

At the end of the day, while there may be some poor people who are not knowledgeable about BTC, the fact that this has been existing for years now can be an inevitable circumstance that they will soon encounter.

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January 14, 2022, 05:57:53 PM
 #53

it's not easy to be able to believe in bitcoin, it takes a strong push...

I still remember when I heard about bitcoin for the first time, it took me a long time to decide to invest in bitcoin, especially when the market was bearish, luckily I didn't give up on the market and was able to see the bitcoin price go past $50k and stay in bitcoin.

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January 14, 2022, 06:20:15 PM
Merited by JayJuanGee (1)
 #54

it's not easy to be able to believe in bitcoin, it takes a strong push...

I still remember when I heard about bitcoin for the first time, it took me a long time to decide to invest in bitcoin, especially when the market was bearish, luckily I didn't give up on the market and was able to see the bitcoin price go past $50k and stay in bitcoin.
Indeed it is. It was so cheap before and I even doubt it. That was one of my regrets bumping into a good asset at a cheaper price and didn't even invest at my full capacity. Doubts will make you rusty most of the time but we are human so it's normal.
The challenge is if you will be hard headed enough to keep on feeling the same way, doubting the new technology that is being offered in front of you.
I guess I am pass that question right now.
Who will believe in something that you cannot even physically attain, it's just numbers in a computer and yet there is value. That was also one of the biggest question that I tried to conquer years ago. Now, all I want is to accumulate more and seek a better future.

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January 14, 2022, 07:22:55 PM
Merited by The Pharmacist (3), JayJuanGee (1)
 #55

I somehow agree with your statement but I also disagree with some points.
Is this one of them?  Grin
The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler



Being born rich can definitely put you to a great advantage in terms of access and convenience. You have the funds in order to supplement yourself with the information needed to run this world. In contrast, people who are born poor must have to double or triple their effort in order to make ends meet. But this does not mean that people who are born poor cannot acquire the opportunities of those born rich.

At the end of the day, while there may be some poor people who are not knowledgeable about BTC, the fact that this has been existing for years now can be an inevitable circumstance that they will soon encounter.
Not everyone is born with rich status from their parents because we are also born from poor families. The family's economic status still hinders one's education and knowledge, especially in some countries with a large number of poor people. I also feel that we can change our destiny and economic status just by being willing to learn and not giving up, this will really depend on the dreams we want to achieve. We will create our own standard of living, what we want to achieve and what we want to get.

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January 14, 2022, 08:09:55 PM
 #56

It's true that some people cannot afford to invest any money in anything, and they won't be able to invest in Bitcoin. However, if we consider Bitcoin's prospect of functioning as money, they might be able to switch to getting paid in Bitcoin in the future and to use it directly as payment. It's possible already in some places, but not in most. For now, if you have any money to spare, you're better off than the majority of the world (by population). But it's the problem of our world economy and inequality people live in. I don't believe everyone should have the exact same amount of money, but I do think that it's a crime that many live in poverty and can't meet their basic needs for food and shelter, while others own multiple mansions and throw away tons of food.

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January 14, 2022, 08:41:02 PM
Merited by JayJuanGee (1)
 #57

A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.
That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.
Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes.

Even if you don't have any capital to spend on bitcoin you can still have a good start if you work with it since I believe many start with zero capital here and the only method they do is to find job which pays them with bitcoin then use it to grow. We know bitcoin is expensive and if we look at it on its price then maybe we will not like it since we think that we cannot afford to buy and be afraid if the price dump since it will hard for us to recover especially when we are new in the business.
You could really start up from zero capital in terms of investment and same as you said that via some jobs or tasks where you could earn some coins and then you do tend to make it grow gradually.

Of course this would be needing a good money management and good control on spending because not all do really ends up on being successful but rather getting wrekt and make those earnings comes to waste.
Even myself do make use of capital which didnt came from my own pocket but rather into those funds that i have earned through several tasks  or jobs online which is paid
via crypto or btc itself and make it grow gradually.




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January 14, 2022, 09:11:12 PM
Merited by JayJuanGee (1)
 #58

Investing in bitcoin is like we save gold or invest in a piece of land and it requires patience for us to enjoy the results of that investment, I think nowadays many people have heard about bitcoin, but their limited funds and knowledge make them just a spectator without being involved can do anything and in the end such people will be left behind by the advancing era.
Unfortunately there are too many people who think that they could make a profit very quickly and right away. I do not understand why they think of it like that but at the end of the day they still try to make a quick profit. If they saw bitcoin as something they could make a great wealth over course of 10 years, then I would understand it, but for some reason they do not do it that way.

Imagine buying bitcoin once every month with some money saved aside, in 10 years you will definitely have enough money to buy a house, if you are 23 or so and start working, by 33 you will own a house, by 38-39 you will get your second house thanks to you not paying rent and keep investing same amount + rent into bitcoin, by 50 you will have few houses and you do not have to work ever again. How many people here thinks that a kid who is 23 years old right now, could own few houses and retire at 50 easily? Bitcoin gives you that option.

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January 14, 2022, 09:34:58 PM
 #59

"A currency or an asset is for everyone but not everyone can afford it"

This is basically what the title says when I read or did I miss something. Since not everyone is in the same boat that's why most of them can't afford to buy a small amount of Bitcoin. They would rather buy it for foods than buy/invest in Bitcoin in order for them to live their everyday life but if someone who learned about how the Bitcoin market would work I think that someone would just invest in Bitcoin and hold it until the right time to sell or when there's a bull run.

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January 14, 2022, 09:50:20 PM
 #60

"A currency or an asset is for everyone but not everyone can afford it"

This is basically what the title says when I read or did I miss something. Since not everyone is in the same boat that's why most of them can't afford to buy a small amount of Bitcoin. They would rather buy it for foods than buy/invest in Bitcoin in order for them to live their everyday life but if someone who learned about how the Bitcoin market would work I think that someone would just invest in Bitcoin and hold it until the right time to sell or when there's a bull run.
Well, if you are more capable to invest, then you should have a sufficient amount of money to buy bitcoin and hodl. But for those who only have enough to sustain their family's basic needs, i think that will be a great barrier not to invest. Because even how determined you are that bitcoin will give you good amount of profits in the future, but the fact that you can't even start to buy it will make you deprived from the opportunity. But on the other hand, if you have good skills that will be your asset to make profits, i think better enhance and use it for good, sooner you will have enough funds to invest in bitcoin.

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