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Author Topic: Bitcoin to the common man.  (Read 1415 times)
Distinctin
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March 29, 2024, 10:59:59 PM
 #61

Patience is the key. Not just for crypto but it’s certain for all investments. However, while bitcoin can be highly valuable for a person who has great knowledge for bitcoin, but for a common man, bitcoin is just like any other investment, the risk to lose is high if you don’t suit on that kind of investment. But if you take time to learn bitcoin and understand its nature like one is supposed to be, you will discover that bitcoin is an extraordinary, highly valuable investment. One should only learn to to take the risk and trust bitcoin, which I think only brave people can do it, as they are determined to reap the best things with bitcoin.
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March 29, 2024, 11:31:49 PM
 #62

A common man or a common citizen who strives to earn bread for himself and his family twice a day would barely get the time and energy to get into technological advancements and things that are happening in the internet world. Most such people wouldn't even get to use the internet that often and things such as Bitcoin and cryptocurrencies require one to be digitally aware of things that are necessary for them to understand everything properly.

Such a person might decide to make investments when they hear it has hope for a better future, but it will give them a hard time getting a grasp of everything including the buying, sending and receiving, and storing of cryptocurrencies, they might even have their assets lost if they can't keep their credentials and secret keys and phrases safe.  Smiley

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March 30, 2024, 05:04:36 PM
Merited by JayJuanGee (1)
 #63

Bitcoin makes a man rich throughout the process, but it certainly takes years for it to finally realized, in which any common man will find it hard to establish faith and patience most especially for investments like bitcoin where future price is uncertain, thus seeing it as a great challenge to control your greed and emotions that any common man might find it difficult to do.

However, if you invest with bitcoin at a minimal amount, where losing is okay, then I think investing for long term will never be a problem. It’s just that the greed of a person is uncontrollable, that they end up giving up in bitcoin before they can witness and experience the exceptional profits that only bitcoin can offer.

The first thing is to develop faith and confidence in bitcoin, those who can develop these two features find themselves in good position after few years. While those who jump in to become rich overnight don't find this investment very attractive.

I think it's not important how much you invest at a time but how much you can keep on investing over a period of time. Because what we have seen so far is that if you adopt DCA then even 100$ a week is perfect provided it's stretched over a period of 5 years or more.
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March 30, 2024, 05:33:15 PM
 #64

A common man or a common citizen who strives to earn bread for himself and his family twice a day would barely get the time and energy to get into technological advancements and things that are happening in the internet world. Most such people wouldn't even get to use the internet that often and things such as Bitcoin and cryptocurrencies require one to be digitally aware of things that are necessary for them to understand everything properly.

Such a person might decide to make investments when they hear it has hope for a better future, but it will give them a hard time getting a grasp of everything including the buying, sending and receiving, and storing of cryptocurrencies, they might even have their assets lost if they can't keep their credentials and secret keys and phrases safe.  Smiley
For someone who does work that is not related to the internet, of course it will be very difficult for them to think about or even follow technological developments and for them they only think about how they can have income from their work to be able to meet their needs and when they want to know about crypto of course they must be able to use the internet and learn about Bitcoin so they can invest and also they must be able to keep the keys to their wallets when they start to invest.

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April 03, 2024, 12:52:04 PM
 #65

Patience is a some thing you agree in your heart to acquire to hodl up to a particular thing that will bring success in the future, which is what many BTC hodlers are using to grow their wealth in the community and, if you want to be like them, ensure you exercise patience in your BTC hodling.

The days of blaming the government for not making everything available has passed because, citizens are finding solution to themselves these days by looking for decentralized currency were to invest their money during the bear run so that they will have access to earn well when the bull run occur.

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April 03, 2024, 01:23:07 PM
 #66

There are others who have really given hope to Bitcoin, and we all know that here in the industry, bitcoin is one of the financial solutions to the common problems of people and countries around the world.

So in order for us to succeed in this field of Bitcoin, we must not lose our patience, because there are many who have succeeded in this because of Bitcoin; they had huge savings from the small value of Bitcoin that was only held for a few years and were not tempted to sell it, and now the others have become successful because the amount of bitcoin they have can be considered rich anyway.`

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April 03, 2024, 11:55:05 PM
Last edit: April 08, 2024, 06:44:04 PM by AmoreJaz
 #67

Patience is a some thing you agree in your heart to acquire to hodl up to a particular thing that will bring success in the future, which is what many BTC hodlers are using to grow their wealth in the community and, if you want to be like them, ensure you exercise patience in your BTC hodling.

The days of blaming the government for not making everything available has passed because, citizens are finding solution to themselves these days by looking for decentralized currency were to invest their money during the bear run so that they will have access to earn well when the bull run occur.

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait any longer to sell off his coins.

This is why, every holder has his own entry and exit points in this market. It is up to him how he will exhaust the volatility factor of this currency. We can't define someone else's profits to be the same with others. And that very reason is why being too late here should not be a discussion because we have different entry/exit points.

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April 04, 2024, 04:05:24 AM
 #68

Patience is a some thing you agree in your heart to acquire to hodl up to a particular thing that will bring success in the future, which is what many BTC hodlers are using to grow their wealth in the community and, if you want to be like them, ensure you exercise patience in your BTC hodling.

The days of blaming the government for not making everything available has passed because, citizens are finding solution to themselves these days by looking for decentralized currency were to invest their money during the bear run so that they will have access to earn well when the bull run occur.

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait longer to sell off his coins.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.

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April 04, 2024, 07:00:34 AM
 #69

In response to the op, I would say that the common man who discovers bitcoin, invested for a while but later gave up on bitcoin because of the challenges of life, is a fool and a failure already, why? Because even without being a bitcoin investor, there will still be challenges, challenges is a normal thing in life, no man can come out to say he or she does not go through some challenges from time to time, even the world richest man face challenges, and it did interest us all to know they challenges come in different ways, and there are many challenges that their solution isn't money and completely outside having alot of money.

So, what am I saying in essence? Giving up on bitcoin as a result of challenges is the worst mistake anyone can make, it doesnt matter if the challenge is an external one (not related to bitcoin) or internal one (related to bitcoin), in my journey in crypto, I've had several of both internal and external challenges, but here I am still moving on, getting batter and better with bitcoin, I've achieved alot of things I ordinarily; wouldnt have been able to achieve without my active involvement in bitcoin and crypto currency in general.

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April 04, 2024, 08:07:43 AM
 #70

To an average person, Bitcoin is still probably not well-known, considering that less than 5% of humans actually have any experience with Bitcoin. So it's just a name of something associated with hype, high price, probably also with scams and other illegal activities. If people turn to it because of the potential profit, it can be a symbol of hope for a better future, but that is also a risky attitude because Bitcoin is volatile and largely unpredictable. There's no guarantee of success, and that's why people should manage their expectations and be ready for unfortunate events.
The bolded part is what most bitcoin evangelists forget about bitcoin, that it's a volatile asset and at the same time as you've said, not that popular to more people and that if we account it with the total population, the community is just a smidge. I think that the only way towards the heart of common man when it comes to teaching them what is bitcoin and many other things related to it is if we just teach them everything that they need to know, positive and negative aspects of bitcoin don't matter, that way we can see who will risk it and invest in bitcoin and who won't and at the same time, you would be less liable from blame from these people because you've warned them of the volatility and the negative side of bitcoin and they still willingly got in and invested to it, of course you still have the responsibility to guide them a little bit but other than that, you're not liable and at the same time it will help more people and when it does, those people will do the thing that you've done, it's a chain reaction.
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April 04, 2024, 08:47:34 AM
 #71

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait longer to sell off his coins.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.
Very few of those that learn about bitcoin for the first time, consider the idea of investing on bitcoin for the long term, they have heard the stories of people like themselves making a fortune in a short amount of time, and they want the same to happen to them, and even if those stories are true to some extent, what they fail to consider is that for this to happen everything needed to happen on the perfect time for those people, while the average investor has to make do with DCA and other similar low risk strategies.
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April 04, 2024, 09:23:44 AM
 #72

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.
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April 04, 2024, 10:42:13 AM
 #73

"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.

The poem, yeah ?... It's really nice. The common man lost an opportunity cause he wasn't patient. This happens all the time, most times not even in a financial scenario and it rubs off to other aspects of our lives. It may be difficult, and it may sometimes even seem like a waste of time and a vain process, but you just have to move forward, that's the only thing there is to it.

We may be commoners today, but with hard work, smart work, and consistency, we'd all achieve our goals.

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April 04, 2024, 10:43:08 AM
 #74

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.
Absolutely mate you are right some individual wants to be successful and that's the reason why they choose Bitcoin to invest in cause they will know that Bitcoin can make Their lives more good and have a good financial. Anyways  like what you said above that in Bitcoin we can not say that everyone of us investing in Bitcoin can make a profit on the spot but it will need more patience,time and self control in order to have our little profit. Actually not really bad if we wait a years to have a big profit.
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April 04, 2024, 11:37:36 AM
 #75

Whether you are common man or influential people, patience always plays an important role in order to achieve success. Similarly investing in bitcoins is like testing your own patience. if a person masters, the art of patience then definitely he will be successful. While buying bitcoins you need to show some trust to the coin. You need to give at least four years of time for bitcoins to give you enough profits. If you can give this much time to bitcoin, then definitely you will make tons of profit from it.

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April 04, 2024, 11:59:52 AM
 #76

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.
Absolutely mate you are right some individual wants to be successful and that's the reason why they choose Bitcoin to invest in cause they will know that Bitcoin can make Their lives more good and have a good financial. Anyways  like what you said above that in Bitcoin we can not say that everyone of us investing in Bitcoin can make a profit on the spot but it will need more patience,time and self control in order to have our little profit. Actually not really bad if we wait a years to have a big profit.

I don't deny what you two said, but I want to say a little more. Investing in bitcoin now and investing in bitcoin 10 years ago are completely different. If 10 years ago someone took the risk of using 100 USD or 1000 USD to invest in bitcoin, they would have had the opportunity to change their life and become rich. But today that is not the case anymore and if you want to change your life or become rich with bitcoin, $1000 or $10k is not enough. Bitcoin no longer has 100x or 1000x growth to bring us huge profits. If you want to increase your wealth then bitcoin can do that, but if you want to get rich with just a small amount of capital then bitcoin cannot help you with that.

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April 04, 2024, 12:23:51 PM
 #77

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.



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April 04, 2024, 12:43:16 PM
 #78

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.
It seems like you're telling people to invest in bitcoin and cryptocurrencies by luck instead of taking the time to seriously research and learn about them? It's like buying a lottery ticket and have you ever won? I find that this type of investment mindset is worse than gambling. How can we change our lives with this type of investing mindset?

Many people in my country are not fully educated, do not have degrees and do not need bitcoin but they keep trying and trying. And currently, they are quite rich thanks to business. How do you explain this when you say that bitcoin is the last resort to get rich for the average person?

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April 04, 2024, 12:49:20 PM
 #79

I am patient and I am one of the common men that have been hoping with a brighter future holding Bitcoin. I am hopeful because I have seen its proof and I myself is a proof and testimony on how Bitcoin really changes people's lives.

While those skeptics are still in that stage of being doubtful of what Bitcoin can do to someone's life.

Here we are, already proof of life that Bitcoin do a lot of things and that can't denied. Whether you're a long term or short term investor in here as long as yo get to hold and able to profit from it, it's just the same hope that you'll be having.

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April 04, 2024, 02:04:32 PM
 #80

snip...
If only the common man would have to be patient, then a guarantee of life long success can be attainable.
I won't say YES and why? It will depend on who they are in investing in Bitcoin because we can't assume that everyone (average people) will have faith in Bitcoin or think that they will be patient. Honestly, most of them are hungry for improvement and success, most of them want instant just to have a better life faster. That is why I won't say that Bitcoin is the best option for an average Joe to get rich or to have a better future. Of course, investing in Bitcoin could help but most of all, it is our actions and decision matters a lot here. It is useless to invest in Bitcoin if we are not sure of what we are doing and much more if we are an impatient person.

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