Is Bitcoin for everyone?

[SquirrelJulietGarden]

Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability.

If you have good mindset for investment and good strategy like Dollar Cost Averaging, you will not have to time a market to find a right time, right price to invest.

DCA is a key for your successful investment and it will also help you to reduce time spent for investment, eliminate stress for you.
https://dcabtc.com/

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.

Investment is a puzzle between risk, profit and capital investment so you have to balance them all together. Because if you don't take risk, you will not take opportunities that can help you to gain profit. Although taking risk is a condition, you must know what is acceptable risk and how to minimize risk for your investment. Because investment is to get profit but more important, you have to protect your initial capital.

If you don't want to sell bitcoin at loss, you have to reserve cash to use and don't face with situation when you have to sell your coins to have cash. If you are in that situation, you will have to sell at loss.

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[bayu7adi]

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!

This isn't about counting days; it stretches well beyond that. It's even a matter of counting years for those seeking maximum profits. Bitcoin's price history attests that each year witnesses an increase in its value, but on a daily basis, Bitcoin can be extremely volatile. Furthermore, "buying the dip" isn't as simple as it sounds, as we can't foresee where the chart will go in the coming days.

If DCA can be combined with "buy the dip," perhaps that's a better strategy. Purchasing Bitcoin every week, every two weeks, or every month while waiting for price dips in shorter intervals seems more sensible to me. With "buy the dip," you need a stash of cash that remains untouched and cannot be used for day-to-day expenses. Instead of watching your investment allocation erode due to living expenses, regular DCA appears to be a wiser choice.

[uchegod-21]

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..

There is no restriction on who should or should not use Bitcoin, It is for everyone. But investing in Bitcoin is not a do or die affair. If you do not have the necessary skills, patience and of course self control,  then you need to go for other investments.

Why divert investment money for personal use? You will not go far generally in business or any form of investment if you continue to use money meant for investment to "solve personal problems ". Invest what you can afford to lose and have other source(s) of income to sort out personal needs for the meantime. Relying on investment money will cost you the whole investment as you might likely lose the investment.  You need to top up your game.

[mirakal]

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..

This thread has been asked a lot of times but it seems people are still confused if trading is really for everyone. Yes, it's certainly is. But since trading is not easy and should be learned the hard way, then a lot of aspiring traders have develop doubts if they will pursue trading or not knowing the capital requires a decent amount and yet you are just going to lose it in the end.

This is why trading is not for faint hearted individuals. Traders should be brave enough not to fear the losses in trading, as it could be their best motivation to do more good in trading and do more accurate market analysis so they will know how to time the trading market.

[Raflesia]

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..

This thread has been asked a lot of times but it seems people are still confused if trading is really for everyone. Yes, it's certainly is. But since trading is not easy and should be learned the hard way, then a lot of aspiring traders have develop doubts if they will pursue trading or not knowing the capital requires a decent amount and yet you are just going to lose it in the end.

This is why trading is not for faint hearted individuals. Traders should be brave enough not to fear the losses in trading, as it could be their best motivation to do more good in trading and do more accurate market analysis so they will know how to time the trading market.

In the end, whether it's trading or investing, it can be done by everyone but apart from that, in my opinion, to be specific, it will only be directed to people who are serious about it.
Regardless of what is chosen whether it is trading or investing everything is the same because basically this requires learning and perseverance to do so. both are not wrong only of course we must be aware that we must have goals and considerations whether we want to be in investment or trading.
Because in the end we also have to choose according to our own qualifications because those who have a trader mentality with greater risk are not suitable to be in investment and vice versa.

[Dr.Bitcoin_Strange]

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,

It's not your business how anybody wants to see Bitcoin or whatever, but you can also correct them if they are misunderstanding the whole thing but are ready to learn what you want to teach them about the Bitcoin technology. Some people are just hating Bitcoin ignorantly because they have not even taken the time to learn about the technology. Maybe because their friend got scammed through cryptocurrency, they now believe that Bitcoin is a scam when it's not. People with misconceptions about Bitcoin can become adopters of it tomorrow. Change is a constant thing, and one's idea can just be changed over night with what they have learned. So, the general statement that Bitcoin is for everyone is true because, indeed, Bitcoin is for everyone. Haters of Bitcoin today can become lovers of Bitcoin tomorrow. There was a guy who had been hating Bitcoin for a long time, but during the last bull market, he experienced how some of his friends cashed out a huge amount in Bitcoin and were convinced to invest. Some people were convinced to even start investing in cryptocurrency after the heavy pump of Dogecoin and Shibainu. So, mate, Bitcoin is for everyone. If you accept Bitcoin, it's for you; if you don't accept Bitcoin, it's never against you, which means it's still for you until you make up your mind to adopt it.

[gunhell16]

Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability.

If you have good mindset for investment and good strategy like Dollar Cost Averaging, you will not have to time a market to find a right time, right price to invest.

DCA is a key for your successful investment and it will also help you to reduce time spent for investment, eliminate stress for you.
https://dcabtc.com/

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.

Investment is a puzzle between risk, profit and capital investment so you have to balance them all together. Because if you don't take risk, you will not take opportunities that can help you to gain profit. Although taking risk is a condition, you must know what is acceptable risk and how to minimize risk for your investment. Because investment is to get profit but more important, you have to protect your initial capital.

If you don't want to sell bitcoin at loss, you have to reserve cash to use and don't face with situation when you have to sell your coins to have cash. If you are in that situation, you will have to sell at loss.

It is true that Bitcoin is for everyone, but not everyone likes Bitcoin. Because that's the majority of everyone, they don't think Bitcoin is good. To be specific, Bitcoin is only for everyone who believes in what it can do in our lives in terms of finances.

that is the true and reality purpose of Bitcoin. And the truth is that the majority of people around the world will be negative about Bitcoin even though they see proof that it has potential if we believe it.

[_BlackStar]

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

I'm not sure - because I'm a holder who made worth it profits so far.
You and others will gain profit in the long term if you never sell - meaning hold, don't sell.

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 clearly wrong - when you are the holder, you should not be affected by volatility that makes you sell at a loss. You just need to be patient and hold with it for the long term - that's how holders earn decent returns over the years.

[oktana]

Posts like this remind me how much we forget the core reason Bitcoin was designed for. Making profits from it just came along the way. Bitcoin is for everyone as there are no restrictions on who can use it (except what some governments are doing). The good luck (profit) that comes with owning it is also for everyone, however, not everyone will be able to benefit as there will be some people who strictly use it as a currency and do not hoard it enough to see any gains. Don't get too attached to the profit or you may end up wrongly hating on Bitcoin.

[Ale88]

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..

First of all you are mixing bitcoin used as payment tool and bitcoin used for trading purposes, they are two very different things. There is no scheme for selected individuals, if you bought bitcoin and decided to sell at loss because you wanted to solve a problem you should understand that you are the problem, not bitcoin. You could have simply decided to hold and you would have no problem at all.

[komisariatku]

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 belongs to everyone. Anyone can buy bitcoins, store bitcoins, trade bitcoins and sell bitcoins. Bitcoin can be used for good purposes and bad purposes. Bitcoin is true freedom

Regarding losses in bitcoin trading, this is normal. Therefore, bitcoin is considered a high-risk investment. Often we are forced to sell bitcoin even though the price is cheap because of urgent needs. For me, this is the factor that I do most often and what makes me lose. But it's not a problem because bitcoin always has value, unlike altcoins whose price can run out without a trace

[Youngkhngdiddy]

Bitcoin is not for everyone to invest in and make profit, but bitcoin is for everyone to use as currency for payment of goods and services. Some people lack the ability to hold bitcoin for investment and make profit from it, and no matter how much people are advised how to invest in bitcoins and make profit, they will always make mistakes, respond to emotions and pressure and will not find making profit from bitcoins easy. So truly, bitcoin is not for everyone to invest and make profit, not for everyone to trade, not for everyone to mine, but can be for everyone to use as currency.

 Just like every other investment options there is what we call profit and loss in business, a person who is investing in Bitcoin should be ready to face whatever risk that comes with it, this is why it’s is important to have bright knowledge about what you’re venturing into so that you will know how to deal with whatever challenges that may come, the reason why you feel that some people have the inability to hold bitcoin is them not getting proper enlightenment and information about the do’s and don’t of the market. There’s is more to know than just buying bitcoin and holding. Which is important to do your own research, there are lot to learn and you know we learn everyday. Another thing is lack of patience and discipline, some people even have the mentality of seeing Bitcoin as a get rich quick scheme which is the exact opposite.  Bitcoin requires patience, good capital, discipline and lastly authentic information to be able to survive the market.
  Due to the fast growing economy we are seeing the world is  venting into new technologies, bitcoin is also one of those new technologies in the financial sector that will be main stream if accepted, people now pay bills with bitcoin to hotels, mall and, transactions keeps going through in the platform . It can also serve as a way of saving in dollars than in our naira that is crumbling. Let’s be guided that anyone can invest in Bitcoin if they take it as important by going to increase their knowledge about crypto and how to analyze the market. Thank the stars for platform like YouTube where you can coach yourself on the basic principles of trading, you can coach yourself to become a pro trader. No pro trader started from the top, they all started with the basic, they got the idea and further went to broaden their knowledge about bitcoin/crypto. So yeah anyone can be a pro with just commitment, and dedication to the skill it’s can be achieved.

[Strongkored]

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..

It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

[Negotiation]

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..

There is no option to sell at loss for long term investment if you wait patiently it will give good returns. As you say buy low and sell at a loss these generally apply to trading if you invest you should buy and hold at a low price there is no need to sell until the price rises. Bitcoin is a good investment for every investor and don't be disappointed if the price goes in favor. Even if the price of this currency goes down it will rise again just wait it's easy to get lucky for long term holdings.

[boty]

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..

To be able to make a profit from holding Bitcoin I don't think it's enough if we hold it for only a few months, it takes a long time to be able to make a profit from holding Bitcoin and for those who happen to be able to make a profit from a few months I think when they buy it at the right time right and of course they can analyze the market conditions well so they know when is the right time to buy it.

It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Choosing to invest in Bitcoin is indeed very good if we can buy and hold it for a long period of time and also we buy it consistently so we can make a profit from holding Bitcoin. You are right that Bitcoin will suit everyone who wants to invest or trade. We can benefit from both of these things, but we need to understand it well before doing so so as not to experience losses from what we do.

[legendbtc]

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..

It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Even if he holds and loses, that doesn't mean bitcoin isn't for him. Just like in life, when we encounter problems that cannot be solved, do we say that this life is not ours? Bitcoin is just a tool for us to take advantage of to make money and whether we make money or not is completely up to us. Because we invested greedily, without a specific plan, and lost money, we blame bitcoin and say it's not for us. But if we look closely, is it our fault or bitcoin's fault? When we fail, don't try to blame anyone or bitcoin, but ask if we did right or wrong? Why can many people do it and we can't, where did we go wrong?

[johnsaributua]

  Profit can also be by trading either in several instruments such as spot, futures or by arbitrage scalping method to some top markets, you can see the rating and high trading volume, hodl is not a method means the name is saving that I observed can not peg how much profit and when the date will be bullish especially buy yourself without seeing news or trends, and without strategy and analysis, hodl is a long-term art by joining the whale ship when taking profit, if interested.

  I think selling losses if not too deep it can still be overcome when later buying again when the correction is right, not false, the obstacle that I feel sometimes goes down again through the nearest bottom, meaning deeper, if it is already deep, it will return in the future, so I always budget cold money for trading even though the spot if the analysis is wrong I am optimistic that it will recover even though I have to wait patiently because it is not money that is in a hurry, or altcoin gifts for trading will be more relaxed.

  For example, buy bitcoin now at a price that some people think is pale or there is no movement but there will be people who say so when the price goes up more even just a matter of hundreds or even thousands of dollars, so that's what happened when the price of bitcoin used to be cheap many people did not believe in the potential and prices that would occur in the future.

  The difference is now people already know the history of bitcoin but still hope to continue to go down to buy it will make regret when later returning ATH, if you believe in bitcoin, of course the future increase from the past will be repeatedt, event more spectacular.

  My principle of bitcoin is freedom and all have the right to ownership in various ways, as long as they want to.

[m2017]

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..

To a certain extent, bitcoin is indeed not for everyone and for everyone at the same time. No matter how paradoxical it may sound. Anyone can become this “chosen one” if they want and join the ranks of bitcoin owners. When I say it's not for everyone, I mean people without certain qualities. Such as patience, the ability to learn independently, build your own line of defense for your crypto wallet and your savings, the ability to plan and build a strategy for behavior during various cryptomarket fluctuations. This is only part. Anyone can own and use a bitcoin, but to make money from this, as in any other business, you need to have the necessary skills. Why are you selling at a loss? This is a clear sign that you have made a mistake in your investment planning. Buying at a low price is not luck, but knowledge of cryptomarket cycles, general awareness of the bitcoin and the ability to build an investment strategy. Did you want to make easy and quick money on the bitcoin? This means that bitcoin is not for everyone. If you wanted to get electronic money that would allow you to send it cheaply and quickly anywhere in the world without censorship or regulation, as well as without intermediaries, then bitcoin was for everyone.

[Assface16678]

No, not fof even bitcoin investment as holding or such, or bitcoin trading, this kind of stuff is not for everyone especially for those who don't have enough knowledge and strong emotion. Especially for trading, anyone could hold bitcoin, but in trade, yes they can trade but don't have a guarantee if they will hit a profit. What I mean about not for anyone is anyone who don't have a patience and dedication to learn before they engage in trading or investing on bitcoin, that's why there's a lot of people who bas mouth bitcoin as a scam because they are the ones that failed to earn through it and gave up to learn just because they lose money on their first try which is not good, just because they failed because of their own doing they will bad mouth and discriminate bitcoin, which is for us bitcoin is a big opportunity to earn.

[Cryptmuster]

It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Hold also requires the right actions, not all holders are able to make a profit, but it is still easier than trading. Investing also implies that you will have to sell Bitcoin at a better price, because to reach its ATH Bitcoin only needs to do x2, and we hope that it can grow even more, but we don’t know for sure. And if the exact entry was chosen late and the sale was also chosen incorrectly, then the profit from such an investment may be very small.