Is Bitcoin for everyone?

[Out of mind]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

OP, you said bitcoin is for everyone, but I see many people don't trust this bitcoin digital currency. And there are a few people in my area who always see bitcoin as a negative and never a positive, I think it's never bitcoin for them. In that case, if you think Bitcoin is for everyone then I guess you would be wrong, because there are many elders in the society who hold Bitcoin as a scam. So how will Bitcoin be for them Just like Bitcoin is not for everyone, again Bitcoin is open to all who are related to cryptocurrency. But I think bitcoin is the only bitcoin for people who know its pros and cons. We know that Bitcoin is a currency that can provide a security to everyone's currency and provides security to an individual's transactions. So for those people who trade in Bitcoin and Cryptocurrencies, only Bitcoin.

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[Minecache]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

OP, you said bitcoin is for everyone, but I see many people don't trust this bitcoin digital currency. And there are a few people in my area who always see bitcoin as a negative and never a positive, I think it's never bitcoin for them. In that case, if you think Bitcoin is for everyone then I guess you would be wrong, because there are many elders in the society who hold Bitcoin as a scam. So how will Bitcoin be for them Just like Bitcoin is not for everyone, again Bitcoin is open to all who are related to cryptocurrency. But I think bitcoin is the only bitcoin for people who know its pros and cons. We know that Bitcoin is a currency that can provide a security to everyone's currency and provides security to an individual's transactions. So for those people who trade in Bitcoin and Cryptocurrencies, only Bitcoin.

I think you're the wrong one, there are some people who consider bitcoin a scam or are negative about it, but that doesn't mean it's not for them. Bitcoin is still for them but they are not willing to accept bitcoin. So the problem is with them, not with bitcoin, so it cannot be said that bitcoin is not for them. If one day, they change their opinion about bitcoin, they can also invest in it at any time so it can be said that bitcoin is for everyone.

[Dzwaafu11]

There are also people who've got the money to invest but haven't quite wrapped their heads around the whole crypto scene, so it's not their thing either, at least for the moment. What really matters is that the opportunity's out there, and it's just a matter of time for some folks.

Actually, we have people like this who have the funds to invest in bitcoin, but their problem is maybe the mind to take the risk or the time to sit down and learn the key things they use to secure their money after the investment, and others are there who still want to invest, but there are many funds to invest and do the necessary things that involve the industry. So for this reason, I think I will still say bitcoin investment is not for everyone because not all of us are ready to take the risk, while others are willing to participate but the opportunity is not there.

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.

Sure. We still have people who are yet to get acquainted with the technology, and it is not a new thing. There are people out there who do know how to operate Android phones and computers. We know that, but when it comes to learning, even people who know it now were not born with it, which simply means others who don't know it can also learn. If you don't know something, you can learn it, and the reason why we need to learn technology now is simply that everywhere you go, you will see that everything has been computerised. People don't like much stress in doing their daily activities again, so they make everything to be done on the internet.

[fuguebtc]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.

Bitcoin was created to be a decentralized currency, meaning Satoshi created it with the intention that bitcoin would be available to everyone. But there are some limitations that we are facing: not everyone likes to accept new things, not everyone knows how to use the internet or computer devices, as you said. So it can be said that bitcoin is not for everyone, it is only for those who like privacy and know how to use the internet and smartphones. One more thing, people with disabilities will have difficulty using phones and computers so BTC is not for them.

[wallet4bitcoin]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Although, there is no guarantee that everyone on the surface of the planet will get Bitcoin on a 1:1 ratio, it is pertinent to note that Bitcoin is for everyone. Irrespective of when you got to find out about Bitcoin network and the Bitcoin blockchain and its technology, it was designed for everyone, without exceptions.

Systems are fighting it but uncociously making it global and bringing awareness to it alos, while they are fighting it in their court rooms, their judges and listners are going back home with the message of a disruptive technology and financial system. It also avails them the luxury of inclusivity.

[Gladitorcomeback]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for everyone but that doesn't guaranteed that everyone will get profit. Bitcoin price depends upon number of factor. it can fluctuate both up and down both equally in the short time but in the long term price increase chances are high. You should learn about btc before investing. The main topic which should be learn include
1: How btc work
2: Factor impacting btc price
3: what should do when btc dump
4: which money I should use for buying btc
5: How long I should wait to get profit.
6: Best method to buy btc

If you learn these topics, i hope you will not sell in loss. Your main problem is that you have invested money that you need for solving family problems. You should only invest extra money which you won't require in two or three years. If markets downturn you should just watch the market or buy more in low rate.

[Kelvinid]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Those who were able to understand the market situation could possibly become successful in Bitcoin investment but if you can analyze the market movement, you will certainly end up losing. I know that not all can understand it, therefore, it is bold enough to say that not all fit into this kind of investment. We can't force ourselves either and if that happen to me, I have no reason also to continue knowing that I can't get it and it was totally bothering me. We have to know when to quit and when to continue - it is all about seeing our capabilities.

[zaim7413]

Op, never think anything negative when you are in an unlucky position. You have to think wiser in the situation you are experiencing, economic needs play an important role in the continuation of your investment. No one expects losses in investments, but when times are economically difficult, you have to make bitter decisions in order to prioritize other needs.

Bitcoin never discriminates against who will make a profit and who will be left at a loss. This is the reason it is highly recommended to always invest using cold money or money that is not used for other needs, even if under no circumstances your investment will ever be disturbed.

[Miles2006]

Bitcoin is for everyone bro, the fact that each time you hold your coins and you find yourself spending it on random problems shows you're not good at savings. Bitcoin is for everyone so long as you have the knowledge and become part of it but bitcoin investment is not for everyone. I will always say if investing in bitcoin you must be patient because bitcoin investment is not just some random investment you put your money to and the next thing you make your profit "NO" that's a impression.
My dear bitcoin is for everyone, you're not just best at holding your coin.

[Dimitri94]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Honestly I don't think Bitcoin is suitable for everyone. Because there are many people who can buy bitcoins but they are not suitable for long term holding. I can advise him to buy bitcoin only if he has to hold it for a long period of time. There are many people who think that by investing in Bitcoin for a short period of time, they will withdraw their money even if they profit from it, but in reality, does Bitcoin offer any such potential? Of course not because no one can predict when it will be bearish or bullish. But if we analyze the various aspects of the former, we will be able to easily understand that it is a long term investment assets.

[Wend]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Honestly I don't think Bitcoin is suitable for everyone. Because there are many people who can buy bitcoins but they are not suitable for long term holding. I can advise him to buy bitcoin only if he has to hold it for a long period of time. There are many people who think that by investing in Bitcoin for a short period of time, they will withdraw their money even if they profit from it, but in reality, does Bitcoin offer any such potential? Of course not because no one can predict when it will be bearish or bullish. But if we analyze the various aspects of the former, we will be able to easily understand that it is a long term investment assets.

Bitcoin is for everyone but not everyone is suitable for it because not everyone has enough money to invest in it or enough patience to hold on until it becomes profitable. But just because we are having difficulty and cannot invest in bitcoin at a time, it cannot be said that bitcoin is not for us but rather that we are not suitable to invest with bitcoin. I think "not for" and "not suitable" are two completely different things. Because if in the future you need to invest, you have enough money to invest in bitcoin, then you can start at any time.

[SOKO-DEKE]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

If one does not have solid understanding of how Bitcoin investments operate, it is difficult to turn a profit from it. I think that someone who is properly informed may decide when to buy and when to sell. One will rarely make money from their Bitcoin investment if they don't understand how it operates. With that said, I will state that Bitcoin is suitable for serious users only.

Making money from a bitcoin investment will be difficult for someone who lacks patience, and I think  understanding is a key factor in patience. Therefore, I think that a lot of people simply sell up their Bitcoin assets when they should not because they lack understanding. Consequently, possessing appropriate understanding enables us to hold onto our Bitcoin for an extended duration till our goal is accomplished and to have a strong trust in it.

[kryptqnick]

Bitcoin is not intentionally exclusive toward anyone, so in this sense, it's for everyone. In practice, however, things can be very different. For example, I have a grandmother who doesn't use the Internet and only uses an old mobile phone to call people (not a smartphone). Of course, Bitcoin isn't for such people, unless they want to learn new technologies and get new devices.
The op is referring to selling at a loss as a personal struggle. If a person is prone to panic selling, Bitcoin (and other cryptos) are probably not very suitable because the price can jump a lot, and patience is required. If selling is done due to circumstances (due to needing the money), then I guess it means a person didn't follow the rule of investing what one can afford to lose.
Bitcoin isn't a scheme, it's not for the selected few, but there's no guarantee it will keep growing, or that over the next from weeks or months a person will see profits. It's a long-term investment, if you view it as an investment. So talking about years and being willing to wait for years is more appropriate.

[CoinFoxs]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Invest your spare amount in crypto and always buy at dip when market is red and sell at high. If you invested an amount and market drops due to some reason then hold your coins and wait for market to grow, market drops and after some days market again start growing!

[bbigtart]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin was created for everyone without exception as long as you understand how bitcoin works and investing in bitcoin as a future asset. What you did was clearly wrong because you were not patient enough to hold bitcoin, so you suffered a loss.

In fact, if you know Bitcoin is for the future, you don't need to bother selling it, you just have to be a little patient to hold it until the target you want is achieved.

There is no buying bitcoin at high prices, all bitcoin prices are cheap right now because we will soon have a bitcoin halving and it is possible that bitcoin will reach ATH again. In conclusion, Bitcoin was created for those who continue to hold it with patience

[doomloop]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

You are not supposed to invest money in Bitcoin that you might need in an emergency after some time which will compel you to sell your Bitcoins at a loss. You are supposed to use money that you can spare for as long as the market might take for it to bring you profits, and there is no specific time for that, it can take a week or a couple of years, it all depends on the conditions of the market and market sentiments and what time of the cycle you are entering the market.

Bitcoin is no scheme but it's obviously not for those who don't have money to spend in it and they are using the money that they actually need in their personal life very soon which will obviously not let them have any patience and they will need to sell before the right time and bear losses for doing so.

[alastantiger]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Why are you looking at other people? When you decide to invest in bitcoin what made you to do so over stocks, bonds, real estate and other businesses that could give you profit too? Bitcoin is not for everyone and bitcoin is not a scheme for selected individuals. It is an "open-market" you can enter and exit at you will. But you will not make much progress with a mindset of watching others. Do your own research and learn about what bitcoin is and what it is not.

[lalabotax]

I am asking this because not everyone has made tangible profit for holding. J

Yes, Bitcoin is for everyone. If someone fails to make a profit while investing in Bitcoin, it is not Bitcoin's fault. If you are holding Bitcoin, there should be a target price and time so that we can get profits. However, if you sell it at a low price, it's not only an investment in Bitcoin, it will end in the same way if you don't have good management.

Just like myself I end up selling at a loss most times just to solve a problem.

Therefore, to invest in Bitcoin, always use free money, so you don't need to use it for anything else. but fous to invest it in Bitcoin to meet the bullish era at least. This way, you won't feel tormented when prices fall or rise quickly. However, if you use money for certain purposes, that means there is already a risk.

Apart from that, there are some people who cannot be patient when they see the market drop. even though the real thing is that Bitcoin is like that, volatile. Therefore, we have to be patient while holding, there is no need to panic when the price drops, because it will rise again. Just wait.

[Aanuoluwatofunmi]

I think I've also thought about it this way that if bitcoin wasn't for everyone then maybe it wouldn't have been decentralized as we have it already, if one take time to research well on the core mandate of Satoshi Nakamoto, he has always considered the people in financial economy on how they can have their individual control over their funds, this was why when he introduced bitcoin, everyone were eager to accept it because they realized it was intended for them.

[Popkon6]

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability. A person who has the ability to accept risk must never sell at a loss. Because the price of Bitcoin is always up and down, investing should be done when the price of Bitcoin is down. If you invest in Bitcoin price at the right time you will definitely not face losses. Now is the perfect time to invest.

You can get some idea about investment from here.
https://bitcointalk.org/index.php?topic=5376945.msg58719584#msg58719584