Is Bitcoin for everyone?

[Lorence.xD]

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?

We know to ourselves that a certain thing that we do is really for us, for example we really like biking but get tired easily by just a short travel. My point is, doing something that you like and love is literally a different thing. Which is the same thing in investing in crypto or to Bitcoin, you could realize if doing trading doesn't really for you as you prefer securing your money in long term than profit in just a short term. Now that if even for a long term investment doesn't suit for your preferability, for sure you know that Bitcoin doesn't for you, of course we know that Bitcoin is just a tool that could help many people by takign advantage of it's volatility but personally you would know if its for you, cause there's a lot of options out there that you could use as money sources.

[blckhawk]

You're kind of asking the same as the people that are asking God why only bad things happen to them, to me that's what it looks like. If it is the same thing as that then OP, I have to tell you that God works in mysterious ways.

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.

I think OP is asking why he/she deserves to not get a profit but others are nonchalantly getting a profit even though they didn't try as hard as OP and so OP ends up feeling like bitcoin isn't for him/her because of the losses. You're right about having the necessary skills though, if OP doesn't have that then there's a big chance that OP is going to be experiencing losses but if only he/she did take the long-term route which is just hodling, things would've worked out different for OP.

[Marvell1]

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?

We know to ourselves that a certain thing that we do is really for us, for example we really like biking but get tired easily by just a short travel. My point is, doing something that you like and love is literally a different thing. Which is the same thing in investing in crypto or to Bitcoin, you could realize if doing trading doesn't really for you as you prefer securing your money in long term than profit in just a short term. Now that if even for a long term investment doesn't suit for your preferability, for sure you know that Bitcoin doesn't for you, of course we know that Bitcoin is just a tool that could help many people by takign advantage of it's volatility but personally you would know if its for you, cause there's a lot of options out there that you could use as money sources.

I think bitcoin for everyone. Look at it from this perspective, anyone who wants to invest, they have the opportunity to do so. Unlike other assets such as real estate, investing in real estate requires a lot of money and only rich people can do it. Poor people have never had the opportunity to invest in real estate.

For someone or anyone who feels that they are not comfortable investing in bitcoin, it does not mean that bitcoin is not for them but that they do not feel suitable for it. But if one day they have the need and change their mind about wanting to invest in bitcoin, they can start with it at any time. So I think, the concept of bitcoin not being for them and the fact that they are not ready to accept bitcoin are two completely different things.

[Mate2237]

You bought bitcoin and sold it out to solve problem and you are asking if bitcoin is for everyone. Your story is different from the topic I don't know if I am the only person that see or think it from that way. Moreover this topic has been in the discussion in the forum for some times now so it would have been a comment on another thread. Like if I will discuss base on your topic it should be something related to this. You have seen people are interested to bitcoin but lack the knowledge or there is no money to join and other ignorant factors that affecting them so indirectly those people have been edge out from the technology. And also the illiterates market women. These are some of the factors in the topic.

Those who have the knowledge and come to join the technology is already part and parcel of it. And you that is already in the system is still asking if bitcoin is for everyone. Op, yes bitcoin is for everyone but not everyone can use it because knowledge.

[lizarder]

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.

There seems to be something wrong with the way you understand holding and it should not lead you to losses when holding is executed correctly. One thing that I think makes you lose and that is influenced by downward price pressure which makes you panic and sell. That doesn't solve the problem but you create your own problems because you don't try to wait for the price increase in the next period and if you understand the bitcoin cycle then that doesn't need to happen.

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 is closer to short-term trading and market analysis skills are needed if you take such positions. Otherwise price fluctuations can take you to the same stage of loss and that is why understand investment first before taking a chance in it. Bitcoin is for everyone but not everyone understands how to invest and trade properly and that is why some people experience unnecessary losses.

[Gaza13]

In the world of stock or crypto investment, not only big money owners can have it, small people can also have it, investment covers all levels of human beings. Yes, before entering the world of investment, you should first recognize that prices are very volatile, Apart from that, when you enter the world of investment, you have to separate your opinion between daily needs and emergency funds so that your needs are not disturbed. People who are lucky to get big profits are people who are patient in investing.

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

It would be better for you to separate at the beginning how to meet your needs every day, are you afraid of losing a large amount of your money, that's why you cut losses, you need to remember that when investing, getting rich in a short time will never happen.

[Bitcoinpoly]

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..

Basically Bitcoin and crypto currency in general is for everyone. Though this is where the knowledge of the volatile market come to play. You must understand the volatility of the market before you can know the best time to buy and when not to buy. Although there are some functions like the Smart portfolio bot on Bitget that helps to rebalance your crypto holdings and ensuring a constant proportion for your assets.

[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..

Basically Bitcoin and crypto currency in general is for everyone. Though this is where the knowledge of the volatile market come to play. You must understand the volatility of the market before you can know the best time to buy and when not to buy. Although there are some functions like the Smart portfolio bot on Bitget that helps to rebalance your crypto holdings and ensuring a constant proportion for your assets.

In fact the crypto market does not stay in one place and always goes up and down so it becomes difficult to understand the positions of the market at times. Therefore before investing in bitcoin one must have good knowledge and skills about the market. Anyone can invest in bitcoin if they have enough proof money it is true that there are risks involved in investing in cryptocurrencies. But if one can invest at least once with risk then crypto can play a special role in profit as well. Every investor moves with risk and cryptocurrency has the highest demand among investors.

[Blitzboy]

You bought bitcoin and sold it out to solve problem and you are asking if bitcoin is for everyone. Your story is different from the topic I don't know if I am the only person that see or think it from that way. Moreover this topic has been in the discussion in the forum for some times now so it would have been a comment on another thread. Like if I will discuss base on your topic it should be something related to this. You have seen people are interested to bitcoin but lack the knowledge or there is no money to join and other ignorant factors that affecting them so indirectly those people have been edge out from the technology. And also the illiterates market women. These are some of the factors in the topic.

Those who have the knowledge and come to join the technology is already part and parcel of it. And you that is already in the system is still asking if bitcoin is for everyone. Op, yes bitcoin is for everyone but not everyone can use it because knowledge.

Your reply brings up an important point for discussion: the difference between how Bitcoin could be used and how it is actually used. Today, information is easy to find, but wisdom, or real understanding, is harder to find. Bitcoin is no different. There are problems with it, even though it has the ability to be a universal currency. Not only are these barriers physical, but they are also thoughts-based.

Okay, so people do talk about Bitcoin. They argue about its pros and cons. But how many people really get it? Just how many people know the difference between a wallet and an exchange? What about Bitcoin and blockchain? Its not enough to just have Bitcoin; you need to understand it, respect its power, and use its promise in a smart way. Your point about how information can separate people is very important. Bitcoin might be good for everyone in the long run, but in the here and now? For those who really take the time to understand

[Septex]

Bitcoin is not for everyone I think. Because there are a lot of people who have enough money that if they lose for some reason they won't have much of a financial impact but if I think overall there are a lot of people who don't have enough money to come to Bitcoin and I think they could have a financial crisis. But even if Bitcoin is not universally for everyone now, I think that Bitcoin will be universal at some point in the future. As the current world slowly moves towards electronic money, Bitcoin will be at the forefront. Bitcoin's transactions will be much easier at one time, making Bitcoin more likely to be universal later on. But gradually when people get the right information about this and can have proper understanding about it then it will be possible for everyone.

[danadc]

I do think that Bitcoin is for everyone because anyone can buy a fraction of bitcoin, what is very different if you want to go to Wall Street and buy, it is different, and there are stockbrokers and what they are interested in is selling and selling so that earn their commissions, that for me is not for everyone, apart from the fact that they must comply with other regulations that I do not know, it is more complicated, that means that it is not for everyone, but those who want to buy bitoin and do not know, there are places that They sell the fractions of Bitcoin for cards and they can keep it there, until the moment they learn so that they can buy it on an exchange and put it in their own wallet, which is only recommended.

[GigaBit]

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..

A point we often cite when it comes to holding Bitcoin is that an investor should accumulate as much Bitcoin as they can hold in the long term. If I buy bitcoin for a long period of time and sell it on the middle age according to the destination, I will be responsible for it. And those who do this are more likely to lose. Some investors have financial problems and many try to buy at the time they spend bitcoins to meet their needs. So in the case of Bitcoin, any assets should be spent that is stable for a long time so that the investor does not suffer any loss.

Many of us think we will buy from the dip in Bitcoin but is it always possible to get the dip? Of course not. When the price of Bitcoin fell below $26k many investors thought that Bitcoin might come back below 25k but it didn't and now it is near 35k. Those who were waiting to buy 25K may not get that chance now. Bitcoin is for everyone but some can implement it and many can't.

[flyingcarpet]

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 an investment tool. Anyone who wants to make this investment can do it. There is no specific limit. Once you learn what you need to invest, you can buy and sell at any price you want. Bitcoin does not give priority to some people.

If what you are talking about is at what point you should buy and always make a profit, there is no specific answer. The market is open to everyone and sometimes there can be speculation. After watching the market for a certain period of time, you can make your own decision and invest.

[Crypto Library]

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..

Looking at your topic title and your post to answer your question, I would say that no Bitcoin is not for everyone, especially not for those people who have no patience and can't control their emotions. It is true that not everyone earns profits by investing in Bitcoin but you also have to accept that Bitcoin is not the same as investing in other cryptocurrencies as a trader has to face. In this case, it can be seen that those who do short-term trading or altcoin trading are facing losses most of the time.
The people you're talking about who didn't actually make a profit in long term holding either made a mistake somewhere in their strategy, or else they couldn't control their emotions and suffered losses due to FOMO. . Moreover, if one manages DCA in long term, if one invests his lazy fund, I don't think he will have to face loss in future, one thing to remember is to create funds separately for use in an emergency so as not to touch the fund of long term holding in an emergency situation. Moreover, if your suggestion is short term trading or mid term trading, then here you have to have knowledge about technical analysis, otherwise you will see that the possibility of facing loss here is highest.

[Mame89]

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.

Bitcoin was created for everyone and has the same opportunity to profit. This is where you make the mistake of selling bitcoin at a cheap price, there is no loss if he continues to hold it until his desired target is achieved. Therefore, you need to increase your literacy about bitcoin, the history of bitcoin, so that you don't panic when the price drops and don't rush to sell it.

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..

All current bitcoin prices are cheap prices, you will be luckier if you buy now because the halving cycle will be getting closer, before bitcoin reaches a new ATH the price of bitcoin can be said to be low for now. So there is no bitcoin that is only intended for certain people, bitcoin is intended for all groups. Hope you understand what I mean.

[Franctoshi]

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 a few weeks or months, the price just pumps in their favor. This kept me wondering if Bitcoin is actually for everyone or if it is a scheme for selected individuals.

Op, I think you haven't understood Bitcoin and you need to learn and understand how things work with Bitcoin, Bitcoin is not a get-rich-quick business where you will buy Bitcoin today and expect the price to rise tomorrow, and you sell, like you said some people might be lucky to invest today and have the price increase within a short period, but the reality with bitcoin is that, it is a long-term thing, Bitcoin has Bull and bear cycle, so your chances of profiting depends on the time of your investment, (bull or bear market).

[ChiBitCTy]

You are equating Bitcoin to solely being used as an invent, not even mentioning the true use case for bitcoin, why it was created by Satoshi Nakamoto, what issues it solved (double spending), the move form corrupt fiat money to a decentralized electronic transactions and payments. 

Bitcoin was designed to be an investment. I feel it’s a shame so many here fail to understand that.

[nurilham]

I think bitcoin for everyone. Look at it from this perspective, anyone who wants to invest, they have the opportunity to do so. Unlike other assets such as real estate, investing in real estate requires a lot of money and only rich people can do it. Poor people have never had the opportunity to invest in real estate.

Sure, everyone actually has the same opportunity to invest in Bitcoin. It doesn't require a lot of money, we can invest in Bitcoin at any amount of money. We even can invest in Bitcoin for $50 only. However, to get a big profit, it should be bigger number of Bitcoin. It means we must use bigger amount of money if we expect big profits. We can increase the number of our Bitcoin gradually.

Sure, it is very different with other assets. For example if we want to invest in gold, real estate, or land. To invest in these assets, it requires a lot of money, it is because they are quite expensive.

For someone or anyone who feels that they are not comfortable investing in bitcoin, it does not mean that bitcoin is not for them but that they do not feel suitable for it. But if one day they have the need and change their mind about wanting to invest in bitcoin, they can start with it at any time.

Yes, people who don't want to invest in Bitcoin mostly because they don't like high volatility. But the volatility actually becomes the advantage, it makes Bitcoin to increase significantly, more than other assets. If those people understand how to deal with the risks, they must have the intention to invest in Bitcoin.

[famososMuertos]

This is bitcoin discussion board, then, there are  variants on Topic to discussion, (as  investments*, trader*, entrepreneurships*, etc*.)  for anyone, so bitcoin is for everyone, just understand what route* you are going to take.

Anyway, to the question in your title, OP, the answer lies in one of the premises of bitcoin, so bitcoin is not just about looking at the price.

(e.g.)It has been the solution for many people to send money for business, family responsibility, gifts, in short so, knowing bitcoin helps in many ways. It's not all about making profits.

[jeraldskie11]

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..

I believe Bitcoin is for you. You always sold your investments at a loss. So your problem is that you lack patience, and if you lack patience, you lack discipline. To overcome this situation, you must first expect the price to fall in the opposite direction but believe that it will rise again. Second, you must have an investment strategy and stick to it no matter what. Third, invest only what you can afford to lose. Fourth, read books that will help you improve your psychology, such as Atomic Habits. If you apply all of this in your life, I believe you will be able to overcome your problem of selling too soon.