Bitcoin is for everyone but not everyone will be for Bitcoin

[JayJuanGee]

Ultimately, each of us should strive to figure out our own financial circumstances prior to investing into bitcoin, and surely it is possible to get started investing in bitcoin while getting our financial and psychological circumstances in order.

Surely, there are quite a few ways to assert that any of us should be able to start with some kind of a Dollar cost averaging strategy of just $10 per week, and maybe we are able to do more such as $100 per week or more.  We might not know our circumstances specifically without attempting to analyze where we are at in terms of our cash flow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills abilities to plan, learn, strategize and reallocate from time to time which may also include trading and the use of financial instruments such as debt, margin or other financial instruments. 

For sure, I recommend getting your finances in order and attempting to employ the most basic of techniques before attempting to employ more advanced techniques including the use of financial instruments, debt or trading.  Also, starting out with at least a 4-10 year investment timeline can be quite helpful including attempting to learn and to tweak plans along the way that also involves monitoring your own personal progress and your accumulation of more bitcoin which presumably would also contribute toward increasing personal wealth with the passage of time, too.  Of course, in the short term, it might not be easy to measure progress, but with the passage of time there should be good likelihoods of progress and with the more passage of time, there becomes more and more chances that value invested into bitcoin starts to compound upon itself to show greater and greater compounding results.. and surely there is not necessarily any get rich quick in this, even though the financial wealth building that includes bitcoin will likely provide ways to increase wealth fast than traditional methods that do not include bitcoin.

[Kodok Bencot]

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

[JayJuanGee]

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

If you are leaning towards shitcoins merely because of unit price bias, you are likely failing to understand the value of bitcoin.. so perhaps if you think in terms of satoshis, you can still get 1 million satoshis for just under $430 (as I type this post).... so for sure, newbies into bitcoin should be attempting to set reasonable and reachable goals for themselves, and you do not need to buy a whole bitcoin in order to be making solid finanancial progress...

Focus on what is manageable for you.

So these days maybe guys start out with some kind of reachable goal like 1 million satoshis or 21 million satoshis.. or whatever might be reasonable without necessarily setting goals that are so high that causes you to throw up your hands in futility... because many normies are not going to be able to have one whole bitcoin, especially if they are getting into bitcoin now... but sure, some folks will work themselves up into whole coiner status.

One of the best methods into accumulating bitcoin is to consider some kind of dollar cost averaging budget, whether $10 per week or some other reasonable amount, and set reasonable goals for yourself including having 4-10 years or more of an investment time horizon...sure dollar cost averaging can be supplemented by strategies such as lump sum investing and buying on dips, but surely if you are considering to accumulate bitcoin.. sometimes it may well take some time to adapt into a kind of accumulation status with reasonable and meaningful accumulation targets and practices that are suitable to your situation. 

Fuck shitcoins... did I say fuck shitcoins?

If you get caught up on unit bias and you are investing in shitcoins, there are a lot of opportunities for you to get screwed over with those kinds of smoke and mirror nonsenses and just fuzzy and meaningless
attractions as if you just want someone to take your money, but hey you do what you want, if you believe that it is NOT valuable to focus on bitcoin accumulation first before getting distracted in your thinking and in your behaviors into buying various kinds of shit and believing that there might be value because they cost less and someone might pump them and they are good fun and blah blah blah.. then that is on you if you are into shit that is likely not to hold its value in the longer term such as 4-10 years or longer into the future.

Bitcoin allows for a lot of a solid foundation to build upon, and it tends to take a while to build wealth..and rushing it frequently cause people to never really build anything.. seen it time and time again...so considering whether you are investing or gambling could be a good thing to consider and considering how much you want to put into investing versus gambling might be another good thing to consider.. I do not really like to gamble with my investments, and part of the reason that I believe it is really risky to get very involved at all with any kinds of shitcoins or various flavor of the month varieties of those.

[xSkylarx]

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

Agree that price is too high and difficult to own one which that is why those tight of budget Investor are finding new coins or existing coins that is promising for the future which they will invest on . But what i suggest is buy bitcoin in small bits then it will be accumulated over time . Just dont noticed it .

[Silberman]

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

I think most of us understand that a full bitcoin is expensive, but you do not need to buy a full bitcoin, you can buy very small fractions of it without no problem so I do not see the problem that you are seeing, holding altcoins is a huge mistake, I could understand your posture if you said you traded altcoins and you were one of the few traders that could become profitable with such a high risk high reward activity, but holding altcoins is simply not the correct strategy since you do not know if the altcoins you are holding will disappear overnight, so if you plan to hold an asset in the market make sure you are holding bitcoin.

[Sirait]

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.

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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

there are many beginners out there who have very high expectations on Bitcoin, all they think about in bitcoin is profit, and that is a dangerous thought. Bitcoin is very suitable as a long-term investment and cannot be used as a daily income. those who have families must have a steady income from outside in order to survive when investing in bitcoin because the price of bitcoin is very volatile.

[tygeade]

<snip>

May I join the "fuck shitcoins" bandwagon? I do not invest into them all that much but I still hate them because they make it so hard to make a profit and convince other people to join in. People see them either making a ton of money and consider it a scam (which they do look like one) or they see people losing it all and they think it is a scam (which most of them are).

So, shitcoins are actually the reason why crypto is not adopted faster in the world right now. Nobody says do not create brand new stuff, there are tons of coins and tokens that gets start and become huge, things like sol, matic, avax are all "new" when you look at it, even cake and uni is not too old. These are all 2-3 year old coins and they have risen to top 10 levels. So I have to say that there is a room for new projects, just not the shitcoin ones that barely get any traction.

[Cookdata]

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

Bitcoin at its current price is a very great price regardless of any country you are in but the purchasing power might be different and the house you will be able to purchase with that amount perhaps wouldn't do much in another country.
I'm not saying you are poor, I don't know you or where you are from but you have just prove this point to me, my second argument here.

I like you because you understand very well where my point is, the average person who is still struggling to buy BTC of $100 will sell it anytime they have challenge but the rich will always find a way to get means to solve their problem and still hold their BTC untouched. Poor person may rush to sell his $100 as soon as the portfolio time 5. That's what rich people don't, they always wait for right time.

As much as I don't like Altcoins, stick to bitcoin and hodl, you never can tell exactly what the future holds for this asset. Don't sell your btc because it's having a high price now.

[oHnK]

May I join the "fuck shitcoins" bandwagon? I do not invest into them all that much but I still hate them because they make it so hard to make a profit and convince other people to join in. People see them either making a ton of money and consider it a scam (which they do look like one) or they see people losing it all and they think it is a scam (which most of them are).

So, shitcoins are actually the reason why crypto is not adopted faster in the world right now. Nobody says do not create brand new stuff, there are tons of coins and tokens that gets start and become huge, things like sol, matic, avax are all "new" when you look at it, even cake and uni is not too old. These are all 2-3 year old coins and they have risen to top 10 levels. So I have to say that there is a room for new projects, just not the shitcoin ones that barely get any traction.

I agree with you.  I really remember the journey of some new coins because I invested from still price of 1 USD to hundreds of USD.  However, Shitcoin undermines people's trust to engage and invest in crypto.  Regarding the thread that was made that not everyone is for Crypto, it's actually not entirely true, especially if it is associated with limited capital to invest.  I am one example, I even had 0 USD to be able to get a few USD from the crypto market.  At least there is a will and intention to develop is the key to success in the crypto market.

[Questat]

That actually find ridiculous but that is the reality.
Some people become hopeless and just ignore Bitcoin as they know that they can't afford to buy them. Maybe some just don't mind it for they got influenced by negative mindsets. it was to know that Bitcoin is only for the risk-takers which we could assume that not all are risk-takers as well. So, for those who are investing in Bitcoin now, they are too lucky as they have the experience and learning about crypto. This is not all about earning money, investing, but this is also driving for a better and very comfortable experience.

[wtsimis]

Many have been capacitated with knowledge and understand 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.

For instance, I can represent myself. I am from Bangladesh, where crypto is banned. But govt. allow it for basic works. In total, there is now a mixing situation in our country. The media said that it's illegal but we can use it openly. From this situation, we don't buy any crypto directly. We need to pay higher rates to buy bitcoin or other coins. There is a financial barrier that we are all facing who are in this market.
Many freelancers do blockchain works for clients that come from around the world, but there is no crypto startups in here. Many peoples have the idea but the govt will not allow it for open operations.
So yeah, Everyone is not for Bitcoin.

[Silberman]

<snip>

May I join the "fuck shitcoins" bandwagon? I do not invest into them all that much but I still hate them because they make it so hard to make a profit and convince other people to join in. People see them either making a ton of money and consider it a scam (which they do look like one) or they see people losing it all and they think it is a scam (which most of them are).

So, shitcoins are actually the reason why crypto is not adopted faster in the world right now. Nobody says do not create brand new stuff, there are tons of coins and tokens that gets start and become huge, things like sol, matic, avax are all "new" when you look at it, even cake and uni is not too old. These are all 2-3 year old coins and they have risen to top 10 levels. So I have to say that there is a room for new projects, just not the shitcoin ones that barely get any traction.

Unfortunately this is a price we have to pay, some have suggested that we need some form of control about the new coins that are being released but that will inevitably create a centralized point of failure that governments will exploit, so we have no option but to leave things as they are, so shitcoins are going to be with us for as long as this market last, so the only thing we can do to reduce their impact is to try to raise awareness among those that enter the market for the first time so they do not lose their money in this way.

[Kakmakr]

Not true at all....

A lot of rich people started small and they worked hard to grow a business and then expand that business into a franchise and they eventually end up with a chain of shops and empire to be proud of...

I started with Bitcoin sucking on faucets, because I did not trust the technology and I doubted it's future... then I researched the technology and understood the risk and gradually bought small amounts of bitcoin.. until I accumulated a few coins and those coins became valuable over time. 

[Quidat]

Not true at all....

A lot of rich people started small and they worked hard to grow a business and then expand that business into a franchise and they eventually end up with a chain of shops and empire to be proud of...

I started with Bitcoin sucking on faucets, because I did not trust the technology and I doubted it's future... then I researched the technology and understood the risk and gradually bought small amounts of bitcoin.. until I accumulated a few coins and those coins became valuable over time. 

It all matters with perseverance and effort because you couldn't really achieve something if you dont really set up goals or targets on your own and if you do intently to make your life a bit
ahead or have that financial freedom then it is just right that you would really be putting up some goals but ofcourse it would really be needing that extreme effort.
It doesnt really need to start up big and same as you said that you could build up yourself gradually until you do able to reach the state where
everything becomes big and scattered.

[IdotMaster]

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.


https://i.ibb.co/7bqscVP/Businessman-carry-debt-Financial-concept-illustration.jpg

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

Personally I dont think Bitcoin will be "the cryptocurrency". Etheruem and Polygon seem to be good competitors to be "the cryptocurrency"

[JayJuanGee]

Not true at all....

A lot of rich people started small and they worked hard to grow a business and then expand that business into a franchise and they eventually end up with a chain of shops and empire to be proud of...

I started with Bitcoin sucking on faucets, because I did not trust the technology and I doubted it's future... then I researched the technology and understood the risk and gradually bought small amounts of bitcoin.. until I accumulated a few coins and those coins became valuable over time.  

People are going to do what they want to their level of comfort, and so surely it takes a long time for people to become more and more comfortable when it comes to allocating into bitcoin.

I used to suggest buying BTC at $10 per week, but it seem like a more aggressive approach might be needed.. which is at least $100 per week, if you can afford it.. also I used to suggest starting out 1% to 10% allocation in bitcoin, and I have now changed that to 1% to 25%, and of course, each of us is responsible to do our own research, even though more aggressive accumulation of BTC might be warranted these days as compared to in the past.. and furthermore the justification for a more aggressive approach to BTC accumulation likely shows that the investment thesis for Bitcoin is stronger, and more people are learning about it.. so the prices are going up whether the various normies jump on board the bitcoin train or not.

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.




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

Personally I dont think Bitcoin will be "the cryptocurrency". Etheruem and Polygon seem to be good competitors to be "the cryptocurrency"

It would be dumb as fuck to invest much of anything into those shitcoins.  Figure out your bitcoin strategy first.. and then once you establish a solid bitcoin strategy, then at that point maybe consider getting into shitcoins.. but I imagine that if you actually establish a pretty solid bitcoin strategy, you will realize that you do not need shitcoins in order to supplement your bitcoin strategy because there are not any shitcoins that are really adding any value... but of course, each of us has to consider those kinds of matters for ourselves, even if we come to the dumb conclusions in believing that shitcoins can actually serve as long term investments when they are largely smoke and mirror crapola.. that might work for a short term gamble rather than a long term investment.

The difference between rich and poor is very clear, if you are already rich you will continue to be more rich for you have a big capital to invest and earn, while if you don't have money you can only invest small amount and possibly loss because you are always afraid to loss because you money is limited, you will lose because you can't fucos on holding specially when market fall down ,this is really a very sad part of life. That is why I believe that crypto is for everyone but everyone is not really for crypto.

Fuck the idea of crypto.. focus on bitcoin....Keep your eye on the prize and the valuable asset not crap.

Whether you are rich or you are poor, you can establish a strategy, and sure if you are poor, it may welll take longer to build up a strategy and to build the value of your bitcoin holdings, but you need to start somewhere, and if you whine about ONLY the rich get richer, then you are bound to miss opportunities that bitcoin provides to at least improve your lot, even if you don't become rich, bitcoin does provide a vehicle to provide opportunities to improve your lot.. especially if you attempt to take prudent strategies, and even if you cannot buy $100 a week, do what you can, such as $10 per week and figure out your situation in terms of if you might be able to increase your investment amounts in the future by either cutting some of your costs or increasing your income or a combination of such.,. including attempting to plan and strategize around your own particulars.. even if they might be more limited than the circumstances of some other folks..

[jostorres]

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.

There is no doubt in what you have said, people keep hearing of all this beautiful testimonies and yet some don't care, some care but do not have the resources and some have struggled to learn but can't. These are the dynamics of life. But, most times what deter people is the struggles involve in learning and so they look for what they deem easy.

But with time I believe a lot of persons will move into crypto because it is the future and a lot of person are seeing this and coming to that realization.

[Kelvinid]

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.

There is no doubt in what you have said, people keep hearing of all this beautiful testimonies and yet some don't care, some care but do not have the resources and some have struggled to learn but can't. These are the dynamics of life. But, most times what deter people is the struggles involve in learning and so they look for what they deem easy.

But with time I believe a lot of persons will move into crypto because it is the future and a lot of person are seeing this and coming to that realization.

Not all have an interest in Bitcoin that is why we can see that not all are going to listen if someone talks about it, they apparently just ignore it and go. In fact, even poor people had even going to find a way just to invest in Bitcoin and have their hopes, however, they are really unfortunate that they can't buy more. This seems to be unfair, right? But, we also have to think that not all have been destined to become rich nor to become poor that is why we have to accept that life isn't fair all the time. So, while we still have the chance to invest in Bitcoin, we better make use of those and never missed them.

[Wawa2013]

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.

There is no doubt in what you have said, people keep hearing of all this beautiful testimonies and yet some don't care, some care but do not have the resources and some have struggled to learn but can't. These are the dynamics of life. But, most times what deter people is the struggles involve in learning and so they look for what they deem easy.

But with time I believe a lot of persons will move into crypto because it is the future and a lot of person are seeing this and coming to that realization.

Not all have an interest in Bitcoin that is why we can see that not all are going to listen if someone talks about it, they apparently just ignore it and go. In fact, even poor people had even going to find a way just to invest in Bitcoin and have their hopes, however, they are really unfortunate that they can't buy more. This seems to be unfair, right? But, we also have to think that not all have been destined to become rich nor to become poor that is why we have to accept that life isn't fair all the time. So, while we still have the chance to invest in Bitcoin, we better make use of those and never missed them.

It's a fact like that, there will always be people who are not interested in Bitcoin and we can't force everyone to like Bitcoin. Sometimes there are
even people who hate Bitcoin, and will spread negative news about Bitcoin. Even more sadly, there are people who commit fraud using Bitcoin,
so Bitcoin looks bad in the eyes of ordinary people. I think everyone is free to decide whether to invest in Bitcoin or not, because Bitcoin was created
for everyone, but not forcing everyone to accept it. So it's really lucky for people who believe in the future of Bitcoin, and decide to invest
in Bitcoin. Because based on my experience in the crypto world, if we trust Bitcoin and invest in Bitcoin, it will open the opportunity to be rich.
Because Bitcoin is proven to have made a lot of new rich people.

[lalabotax]

Bitcoin can be for everyone as long as that person wanted to gain and learn it.

First of all, it depends on the desired or the interest of the person. If he isn't interested in Bitcoin, he won't learn about Bitcoin seriously. Then, how does he gain from Bitcoin? I never think Bitcoin is for everyone, many people even have no interest to have Bitcoin. It is the fact, we cannot expect much from those people who have no desire for Bitcoin.