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Author Topic: Bitcoin to the common man.  (Read 1333 times)
Medusah
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March 28, 2024, 05:57:56 PM
Merited by JayJuanGee (1)
 #21

The simplest way for the average person to escape poverty is to invest in bitcoin.  Simply take a portion of your monthly income and invest it in bitcoin.  Don't spend it on ostentatious vacations or expensive purchases for yourself, like an iPhone.  Instead, buy bitcoin while it's still inexpensive and repeat the process for a few years to see the desired results.

It's that simple.  Just do it.

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March 28, 2024, 06:26:16 PM
 #22

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Common man has different hopes but their money is limited due to which they cannot fulfill their hopes. I think investment strategies are the only way through which you can earn well and patience play a vital role in your productive future. Bitcoin is the only hope for every individual that can make you able to change your lifestyle through earning more and satisfy your life to adopt it according to you wishes.


They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

I think all amount should not be use for investment in Bitcoin and emergency fund has its own importance because we cannot take out money from bitcoin during harsh condition as bitcoin is not a stable currency and we have to look into our profit instead. We cannot sell bitcoin at low price therefore to minimize losses one should remember that emergency fund and investment fund should be used differently with different purposes.



 

 

 

 

 

 


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March 28, 2024, 07:20:42 PM
 #23

The common man fail to become successful with bitcoin investment because they continue listen to the media, believing influencers or top figures who knows nothing about bitcoin investment.

There is the problem right there.

Stop treating bitcoin as just an "investment", it is a peer to peer digital currency implementation that you're supposed to buy and sell with. We literally would not get to this point if people weren't willing to pay what is now sizable amounts of bitcoin for everyday items.
The truth is a greater percentage of Bitcoin users see it from the angle of investment rather than usage. Unlike myself that got into Bitcoin because of the need to send payment across borders but was hindered by our government policies that made access to FX difficult for the common man. Bitcoin became a wonderful and even better option and that was how I adopted Bitcoin. Funny enough, I sometimes regret why I didn't just hold the volume of Bitcoin that passed through my wallets or at least 50% of them... that would have made me financially comfortable now. So you see, Bitcoin as a means of investment is profitable, easy to start and maintain and suitable for everyone, hence the reason many are opting for it rather than using it for only p2p payments that I supposed it was originally designed for.


R


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March 28, 2024, 07:23:40 PM
 #24

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .
A person's life journey is full of twists and turns and every decision will take a person to the stage of achieving success. Bitcoin is a light from the financial darkness that people feel and in the midst of the economic difficulties that are occurring, people are becoming more confused about which choices to make. To achieve success in bitcoin, people must have money, knowledge, calm and patience, all of this can be achieved when people have the knowledge to run it.

The key to success is not easy to achieve because sometimes people have to have the courage to make the most difficult decisions, for example how they can take a role in every investment they make even though the availability of money is not guaranteed. Every decision has risks and the most important thing is how people understand how to achieve success.

If only the common man would have to be patient, then a guarantee of life long success can be attainable.
The problem lies in layman's understanding so that people cannot make the right decisions when carrying out investment or trading activities. Patience becomes easier to control if people know what goes into their choices and if bitcoin is the best path chosen then it should be a considered decision.

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March 28, 2024, 07:49:48 PM
Merited by JayJuanGee (1)
 #25

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Bitcoin right now is trading above $70k and I'm wondering, if some of has the advantage to but bitcoin when it was around $100 per a bitcoin, will they be able to hold to this time. The truth is that we have some people that are still holding to that treasures of theirs but they are just few, lots of people that had that opportunity has sold back in th peak of 2017 bull run and 2021 bull run and that's to tell you that holding Bitcoin is not for the weak but for the strong hands.

There is no way you can enjoy holding Bitcoin if you are financially down, I mean you are holding Bitcoin from $1k and now it's trading around $70k and you can't even afford to pay for your rent due to financial instability, there is no way you wouldn't get tempted to sell your Bitcoin. This is what an average man don't have, they mostly don't have another source of make money, that's why majority of them can't hold for long time.

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March 28, 2024, 08:02:28 PM
Merited by JayJuanGee (1)
 #26

A poor or an average man  which you refer to as a common man can invest in bitcoin for a very long time, and use his bitcoin investment to transform his financial status in future. All he need to do is to believe in bitcoin, that it is a life changer when you can accumulate up to a certain amount based on their discretionary income. He he believes that, then he can look for a means to increase his income  if it would not be enough to take care of his monthly bills and also invest. Everything is determination. If you know the importance of investing in bitcoin, you would find a way to invest and hodli. They can use DCA method which is the best for such people because they don't have money to lump sum. Setting a specific amount of money that would not affect his income, can be used to DCA regularly either weekly or monthly for 4 years. One don't need to be rich before he can invest in bitcoin and that is why bitcoin investment is different from other investments.

R


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March 28, 2024, 08:08:38 PM
 #27

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.
Every human being is created by having a different attitude and nature and indeed when referring to ordinary people I actually don't really agree with that because in my opinion bitcoin is not for ordinary people but bitcoin is created for those who want to be in it considering that everyone can be in bitcoin but in the end in terms of results it is determined by themselves and we cannot say that everyone who is in bitcoin will ultimately benefit because bitcoin is created for anyone but not everyone can benefit from it.
Only certain people with more strength than others can succeed with bitcoin because to get that success we need to have a mentality, thinking and a really strong intention to create persistence when in bitcoin and not everyone can do that in the end.

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March 28, 2024, 08:36:07 PM
Merited by JayJuanGee (1)
 #28

Many people stumble due to seemingly simple mistakes. They follow the gossip of the media, blindly trust so-called "influencers" or "investors" who have no idea about Bitcoin. They chase the dream of catching the next Shiba Inu trend by investing in risky meme/shitcoins. Even worse, they indulge in the illusion of making quick profits through trading, sacrificing safety for unstable gains.

Bitcoin is not for the impatient and ignorant. To succeed in this game, ordinary people need to equip themselves with a strong "armor". They must thoroughly understand the nature of Bitcoin, grasp the HODL strategy , and adhere to strict discipline.

Living a minimalist life, maximizing savings to allocate a significant portion of income to Bitcoin is the key. Emergency funds, often seen as a "lifesaver" in all investments, become "lost" with Bitcoin. Why is that? Bitcoin is a "digital gold", highly liquid, easily sold when needed.









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March 28, 2024, 08:50:17 PM
Merited by JayJuanGee (1)
 #29

Many people stumble due to seemingly simple mistakes. They follow the gossip of the media, blindly trust so-called "influencers" or "investors" who have no idea about Bitcoin. They chase the dream of catching the next Shiba Inu trend by investing in risky meme/shitcoins. Even worse, they indulge in the illusion of making quick profits through trading, sacrificing safety for unstable gains.

Bitcoin is not for the impatient and ignorant. To succeed in this game, ordinary people need to equip themselves with a strong "armor". They must thoroughly understand the nature of Bitcoin, grasp the HODL strategy , and adhere to strict discipline.

Living a minimalist life, maximizing savings to allocate a significant portion of income to Bitcoin is the key. Emergency funds, often seen as a "lifesaver" in all investments, become "lost" with Bitcoin. Why is that? Bitcoin is a "digital gold", highly liquid, easily sold when needed.
This is why it would really be that best that you should really know or make yourself that wary about those things around and dont make yourself that easily that fooled on whatever you are seeing around.
You would really be putting up yourself on such harm if you are someone whose really that too easily believe on what those things been seen around. Well, people are different when it comes to approach on which there would really be those who do get hooked up and follow no matter what. Bitcoin holding strategy? It does work but it would really be depending on how low you've been able to accumulate.
We do know that getting rich would really be something that will be depending on how much you had invested earlier. Its not bad to anticipate on having that good life about investing to Bitcoin but dont make
yourself that too hopeful on things on which might not be that realistic.

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March 28, 2024, 09:15:15 PM
Merited by JayJuanGee (1)
 #30

They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

Who says so? Someone who really knows how bitcoin investment works cannot invest all the money they have without reasoning about their emergency funds. However, I totally disagree with you by saying that bitcoin investment is something you can sell immediately, although on the other hand, you can sell it. Someone who invests to make a profit cannot do it; they would rather keep the money they need and then invest the remaining money in bitcoin. Nobody wants to lose their investment; everyone is waiting for profit, and that is the main mission of the investment, so I am surprised that you said someone can invest all their money in bitcoin.
 
Apart from the emergency issue, there is also risk attached to bitcoin investment, and obviously not everybody will take the risk, so you dont have to say this because some people can be able to invest only a small amount of money while others are there that can use a large amount to invest, and both of them need profit from their investment, so is it not proper to invest all your earnings in bitcoin to get savings in case of any emergency.

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March 28, 2024, 09:30:40 PM
Merited by JayJuanGee (1)
 #31

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Indeed, it cannot be denied that many "common men" ultimately fail when they enter the crypto world and invest in Bitcoin or others. In fact, this also starts from how they view Bitcoin.

As long as they still think that Bitcoin is an instant way to reach wealth, then it will make it difficult for them to succeed in the crypto world. Because expectations are so high without being balanced with thorough preparation before starting to invest, in the end it can actually turn around, leading to failure and losing money. And this has often happened, which can actually result in huge disappointment for Bitcoin. Even though basically, it's not Bitcoin's fault. However, they will continue to blame Bitcoin.

If only the common man would have to be patient, then a guarantee of life long success can be attainable.
Patience is the key to success in investing. However, in fact, security is one of the keys, so there are several other things that are also the key to success in investing in Bitcoin.

They are:
- Good knowledge about Bitcoin, cryptocurrencies and more things related to crypto space
- A strong desire to continue learning things in the crypto space
- Good self-management, including risk management and also finances

So that in investment ethics, we not only capitalize on patience, but also at least some of the things above. This would be even better if some of these things were owned.

R


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March 28, 2024, 10:03:33 PM
Merited by JayJuanGee (1)
 #32

The common man fail to become successful with bitcoin investment because they continue listen to the media, believing influencers or top figures who knows nothing about bitcoin investment.



bitcoin is not and will never be an investment. An investment is something that you hope will increase in value, there is no way to guarantee that with bitcoin... if someone treats bitcoin as some kind of stake in a company that generates wealth and consumer goods, bitcoin will be a disappointment.

But the current views of people consider Bitcoin as an investment and those who are deeply invested in it and have patience did not get disappointed.  No one ever thinks that Bitcoin is a stake in a company because Bitcoin is a peer to peer digital currency that has a highly volatile market with an uptrending path. No one with basic knowledge about BTC w ill treat it as some stake of a company because it is never been like that.

Bitcoin right now is trading above $70k and I'm wondering, if some of has the advantage to but bitcoin when it was around $100 per a bitcoin, will they be able to hold to this time. The truth is that we have some people that are still holding to that treasures of theirs but they are just few, lots of people that had that opportunity has sold back in th peak of 2017 bull run and 2021 bull run and that's to tell you that holding Bitcoin is not for the weak but for the strong hands.

Holding Bitcoin is for the people who has extra fund to meet his necessities.  No one that has no extra fund can buy and hold Bitcoin, at the end common people who has just enough money to meet their needs will end up selling their holdings when the first sign of profit is seen because they don't have extra money and the profit from holding is good enough to fund their basic needs.


There is no way you can enjoy holding Bitcoin if you are financially down, I mean you are holding Bitcoin from $1k and now it's trading around $70k and you can't even afford to pay for your rent due to financial instability, there is no way you wouldn't get tempted to sell your Bitcoin. This is what an average man don't have, they mostly don't have another source of make money, that's why majority of them can't hold for long time.

True that, as I was stating, holding Bitcoin can only be afforded by people who have the luxury of having extra funds after allocating a budget for their daily needs.  It is not only whether a person has patience or not, it is more of whether the person has enough funds to sustain his daily needs while holding and investing in BTC.  Because if a person has a shortage of money, then no matter how patience the person is, he will more likely to sell his holdings to fill the needed budget for his daily needs.

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March 28, 2024, 11:38:53 PM
 #33

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Currently we must invest in Bitcoin because if we can move forward properly in the future then it is best for us to move forward with Bitcoin. Because if you keep investing in Bitcoin, it will definitely be possible to get benefits from here. Patience is required in all areas of life so only patience gives correct and successful results. But I recognize Bitcoin as the only reliable coin among cryptocurrencies, because it has been in the market for a long time as a trusted coin.

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March 29, 2024, 03:56:37 AM
 #34

I think what really separates crypto or bitcoin to any other
kind of investment is its accessibility to as you call
common men.

You don’t have to be extremely rich to buy and invest in
bitcoin as you can buy a few portions in the form of satoshis.
Now if the common man were to play his cards right he can
become wealthy only from a few hundred or maybe even less dollars.









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March 29, 2024, 04:12:07 AM
 #35


But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .
Bitcoin is a lot of thing's and not limited to be used as an asset to invest in that will put your patience to the test, for a common man that's living in a country with a dying currency that is in free fall..you will appreciate a digital currency such as Bitcoin that has no boarders and is understood by everyone and can ease your burden of trade and stabilize the exchange of goods and services, otherwise if you have joined the Bitcoin world for the wrong reasons, you won't see any good in it!!

If only the common man would have to be patient, then a guarantee of life long success can be attainable.
Patience is an attribute that very few people out there have and takes experience in the markets for one to develop it at the least , but whatever the case to survive in these markets one way or another it does come like a 6thd sense!!

R


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March 29, 2024, 04:38:51 AM
 #36

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Patience is needed everywhere to succeed. Like if you are doing some business, you will have to wait few years after starting it to make regular customers. Then when the business is set, you can keep earning profit per month and also grow it from there. Same applies to bitcoin investment as well. If you are patient with bitcoin investment, you can make good amount of profit with it. Like suppose you hold for 10 years, you can expect profit of even 10x from here on. On other hand , greedy people will simply sell their bitcoin holdings for small gains because they are impatient.
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March 29, 2024, 04:44:32 AM
Last edit: March 29, 2024, 11:58:01 AM by rodskee
 #37


If only the common man would have to be patient, then a guarantee of life long success can be attainable.

patience is definitely a virtue that not everyone has.

anyone can invest in bitcoin but not everyone has the patience to hold. not everyone
has the ability to wait no matter how much 'easy' waiting sounds especially when it comes
to money. patience is definitely something we have to exercise and practice.

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March 29, 2024, 07:23:21 AM
 #38

You make the term 'patience,' sound like the common man should be waiting for profit without making any reasonable investment. The activity that one engage in while waiting for an investment to mature or in the process of starting an investment is what counts and that's how the common man can see opportunities and make profit.

If the dream requires large capital, the common man should know that the best way to make profit from BTC investments is to HoDL for long term. So if our common man doesn't have the luxury to wait that long, he/she might as well try to trade with BTC to eke out profits, but there would be loss as a newbie to trading, try to complete transaction and do payments for purchases or service across and within the borders of the country of residence and try out other crypto trading on an exchange listing to gain different experience. This would alone make them more interested and have a clear concept of how to make profit/gains from BTC investments both in the long and short term duration.

.
SPIN

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March 29, 2024, 07:27:40 AM
 #39

Bitcoin isnt just another way to pay for stuff. Its a revolution, folks. A huge opportunity for regular people, the working class, to take back control of their finances. Traditional banks, they dont always look out for us, lets be real.

Now, Bitcoin's a long game. Takes patience. You'll see crazy prices swings - that's markets for you. But check the history, the long-term trend's undeniable. We're not talking get-rich-quick schemes. This is about the tech, a whole new way of doing money without the middlemen.

So, if you're feeling a little down on Bitcoin, understandable. But don't give up on the "common man" dream. Remeber why this matters - its our shot to change the rules, to have more say in our own future. Thats worth more than any quick buck

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March 29, 2024, 05:16:17 PM
 #40

Average Joe which are people who have nine to five jobs, not earn a lot and can live comfortable without luxury, is definitely can become rich with Bitcoin.

They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

The problem is people who don't earn a lot are diversify their investment, when your capital is low, it's better for focus on one investment until it grow so much.
Exactly average joe could become rich if they would learn to live without pleasing anyone and focus on their goal.
Most of the time they suffer because they want to please people or show off with the excess money from their earnings, they could save up money from their salary but most of them just choose to enjoy it on something else rather than investing it.
It is the truth why an average joe or some people who earn little more than a minimum wage amount are still broke or still living paycheck by paycheck.



.
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[15.00000000 BTC]


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