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Author Topic: Btc is for rich solana is for people  (Read 392 times)
shawonngp
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August 17, 2024, 12:29:01 PM
 #41

If you have $ then you can buy at any coin it's not matter of rich people or poor people's coin, no coin is for specific people. I think you mean if Bitcoin is very expensive coin so poor people can not buy it, but mostly exchanges allow to buy a coin with minimum 5$, so you can buy also bitcoin if you have 5$.

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August 17, 2024, 03:06:15 PM
 #42

I think it's wrong to compare BTC with Solana as they don't try to do the same thing.  A better comparison would be Ethereum and Solana.  With that argument, I def agree.  Ethereum is too expensive to use for tokens swaps, trading NFTs and other stuff you do with the L1.  There are L2's but know that there are risks and it doesn't give the same guarantees as the L1.

Now Solana.  The problem with it is most users are mostly into EVM compatible projects and the other EVM compatible chains aren't really compatible byte for byte.  But there's one project that aims to fix this problem...  Monad.  Wink
No idea why the price comparison and Bitcoin and Solana. Isn't that too far?

It makes sense if the argument we do on Ethereum and Solana in terms of the ecosystem it has and the transaction fees, Solana is cheaper, while Ethereum is still expensive even though now gwei is too low but lower Solana.

Monad....? A project that is waiting, is there any more updates,, like it's still a long time for the update.

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August 18, 2024, 02:15:16 PM
 #43

Bitcoin being for rich people is what you make out of it, to think big of its price.

If you can learn how to invest with the little you have, you will understand that Bitcoin is for everyone whether with big or small money.

The thought that Bitcoin is expensive is why so many people miss good opportunities to invest in Bitcoin but end up on coins that won't last for long term when compared with Bitcoin. However, the very way you described Bitcoin to be to other coins is your choice, but you should keep in mind that Bitcoin can be bought for whatever amount you please, and you can, at times, have a lower transaction fee with it.

 
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August 18, 2024, 03:56:50 PM
 #44

How did you come out with that belief it's like saying that if you're poor, Bitcoin is not for you, so you should settle for cheap coins like Solana.

Just to enlighten you, you can buy $10 Bitcoin, and you can still make a profit, we have proven Bitcoin profitability for over a decade.

Solana is good, but I don't think it is better than Bitcoin in terms of profitability, market cap, and popularity; Bitcoin is a highly stable investment. You just have to be patient to reap the profit.
if there's anything that could be used to determine whether a coin is for rich or poor it'd be the fee imposed on the blockchain like ETH back then where it requires $200 just to mint NFT or to swap coin.
since cryptocurrencies can be bought in decimal amount, using the price to determine whether it's good investment for the rich or the poor isn't really the right thing.

even BTC which OP called out as a coin for the rich only require cheap fee, so it isn't exactly coin for the rich but coin for the people who seek opportunity.
I would assume that bitcoin and sol both do not have a possibility to make 100x from now on, so if you are poor and want to get super rich super quickly then you are not going to find that with neither of them, and there is no reason to invest into anything that would not make any sense for you to invest in the traditional market neither since that's not designed in a way to make you richer, it's designed in a way where billionaires keep getting enough, and that enough isn't enough for you unless you do it for 40 years, which usually loses most of it to inflation but could be decent after a while, maybe retire decently.

So all in all, I believe that we are going to end up with not a good result if we are not careful, which is why we invest into bitcoin, which gives us less than that 100x crazy wildcard tokens, but gives more than some blue chip boring stock as well. Both Bitcoin and Solana are good for that and there isn't really anything benefiting anyone.

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August 19, 2024, 03:30:41 PM
 #45

Btc is for rich and solana is for everybody still price low and solana fees are cheap so Even poor people have opportunity to make it.



Nahhhhhh both of them are good coin bro and even small people can still bough it. Exchange nowadays offer people to buy crypto as low as 10$ or even lower in local exchange or P2P maybe the fee are high but bitcoin is the purest of crypto and can had less volatile hahah tho crypto is volatile but other than btc is double volatile.

Maybe the fee are high but there is a moment that btc fee is low one week ago I sent btc to other address with less than dollar of fee. I know that solana is crazy cheap but it can be compare with coin like bitcoin both of them had different purposes but still everyone should be able to buy it

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August 20, 2024, 03:46:30 PM
 #46

That is known and that is not really a hidden thing, it's something that every single person knows and OP wrote this anyway, he didn't do it because he didn't know, of course he knows that we can buy cheaper price coins, which is fine, I just think that we are going to end up with something that will not be all that easy to fool us, he thought he can fool us but he didn't realize that we were doing this way before he came along.

Bitcoin is trustworthy and that's why if you want to write some altcoin as good, do not compare it to bitcoin, or even ethereum, find another corner for yourself. If you compare any altcoin to bitcoin and even ethereum, people will judge that coin and will not invest into it because they will think that you are just making it up and not being real.

If you make a realistic approach, like how it has high TPS which is fast and it has a lot of meme projects and many other good parts about it and just promote that part then you could actually get something out of it and could find some investors. When they were talking about how SOL was cheaper and faster, they didn't get any high, but the moment they did open their chain for memes, they suddenly had so much increase, even TON had that with telegram stuff.
I pretty much agree with the OP, no doubt Solana is a good project and its past is in front of us. SOL has benefited all its investors so far, especially in today's era when the market is quite unstable. At this time those who are investing in SOL are taking short-term profit because I have been trading SOL as well for many years, so I have confidence in it, and it's not going against Bitcoin. This is being done because the price of Bitcoin is very high compared to SOL, so the OP wrote that Bitcoin is for the rich.

Some people might say this because you may not gain as much from Bitcoin as you can from SOL if you put only 30 or 50 dollars in it. As much benefit as SOL gives on a small amount, BTC does not give on a large amount. Bitcoin is the king of the market and the king can never be contested by pawns so the only competition is price. At the moment, one of the most profitable projects at a low price is SOL, which is also quite trusted in my view.

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August 20, 2024, 06:36:21 PM
 #47

Btc is for rich and solana is for everybody still price low and solana fees are cheap so Even poor people have opportunity to make it.
Our observations differ depending on how we assess them. Bitcoin and Solana are the same for the general public. If you have capital, even if it's a little, you can still buy Bitcoin. Solana is just a newly shining token, even though it's usually cheap, it's very vulnerable to risk compared to Bitcoin, which has long been the safest investment place in cryptocurrency until now.
He got a point actually. The only thing that I noticed which I think should be changed is when he said "make it ". Solana is original and also I don't think creating a coin or a token is that easy and free. Now moving on to what you said of both are the same, I can also agree with you and that is because both of them are a crypto and also both has their own standalone Blockchains.

On many markets, they don't say that we should buy Bitcoin as a whole but they must have a set limit if what is the minimum amount that we can buy. On top of that, I don't think the service and transaction fees for them are cheap.

This is why I agree on what @Fullbear2222 said there earlier about it. Solana is not a newly shining token but based on my research the coin is created on the year of 2020 (March 16, to be specific).

If you noticed, I say coin there not token because like I said earlier it is like a Bitcoin that also has its own Blockchain. Don't worry, you are still correct when you say that it is shining. Another thing is when you said that it is vulnerable to risks. Now that was two risks already and the other one is when its value goes down. Bitcoin also has this type of risk but it is only one.

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August 21, 2024, 12:32:19 PM
 #48

I think it's wrong to compare BTC with Solana as they don't try to do the same thing.  A better comparison would be Ethereum and Solana.  With that argument, I def agree.  Ethereum is too expensive to use for tokens swaps, trading NFTs and other stuff you do with the L1.  There are L2's but know that there are risks and it doesn't give the same guarantees as the L1.

Now Solana.  The problem with it is most users are mostly into EVM compatible projects and the other EVM compatible chains aren't really compatible byte for byte.  But there's one project that aims to fix this problem...  Monad.  Wink
No idea why the price comparison and Bitcoin and Solana. Isn't that too far?

It makes sense if the argument we do on Ethereum and Solana in terms of the ecosystem it has and the transaction fees, Solana is cheaper, while Ethereum is still expensive even though now gwei is too low but lower Solana.

Monad....? A project that is waiting, is there any more updates,, like it's still a long time for the update.

Uh..  Price comparison?  Not talking about any price comparison.  I'm talking more about how differently BTC and Solana are being used.  BTC is more like a currency and Solana is more like Ethereum, a blockchain where you can run smart contracts and applications.

As for Monad, no updates lately.  They said that testnet would've been online at the start of July but nada so far.  But it's coming thooooon.

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August 23, 2024, 07:11:39 AM
 #49

Btc is for rich and solana is for everybody still price low and solana fees are cheap so Even poor people have opportunity to make it.

Btc and solana is for all even if you don't have big money you can also buy a small amount,there is no restriction in buying even if you are poor you can still buy it and hold,so i think you are wrong of your saying, because every coin in crypto is for everyone and not just for the rich people who can afford to buy 1 btc.

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August 23, 2024, 07:15:01 AM
 #50

If you have $ then you can buy at any coin it's not matter of rich people or poor people's coin, no coin is for specific people. I think you mean if Bitcoin is very expensive coin so poor people can not buy it, but mostly exchanges allow to buy a coin with minimum 5$, so you can buy also bitcoin if you have 5$.

I agree. Differentiating people because of the price of the coin isn't the way. Both can have a chance with it, what matters is the amount bought Grin

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August 23, 2024, 07:27:29 AM
 #51

I don't think there should be a difference because it’s going to be dependent on the amount of money you can invest. It’s all about the amount you can put in, and you could do it repeatedly. It's always divisible, no matter if it’s BTC or SOL.

There are a lot more coins. You can invest in different markets if you want, and it is not just for rich people but also an opportunity to get rich.

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August 23, 2024, 07:43:14 PM
 #52

Btc is for rich and solana is for everybody still price low and solana fees are cheap so Even poor people have opportunity to make it.

Btc and solana is for all even if you don't have big money you can also buy a small amount,there is no restriction in buying even if you are poor you can still buy it and hold,so i think you are wrong of your saying, because every coin in crypto is for everyone and not just for the rich people who can afford to buy 1 btc.
I dont think the poor could comfortably afford to buy Bitcoin right now. Even when they try to invest with any amount they have, it will take them a long time to have a good amount of Bitcoin in their portfolio and also they might not meet up to their investment expectations due to the fact most of them would tamper into their investment along the line.

Bitcoin and Solana can be invested by the rich and the poor but both cant be really successful at it. Bitcoin investment requires consistency and most poor persons struggling to invest in Bitcoin hardly maintain consistency.

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August 24, 2024, 01:02:23 AM
 #53

Crypto is for everyone. If depends on what you wanna buy. BTC is more decentralized and it's a currency. While solana is different. You are also right because one can make more by buying sol instead of Bitcoin

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September 02, 2024, 06:00:30 AM
 #54

Btc is for rich and solana is for everybody still price low and solana fees are cheap so Even poor people have opportunity to make it.

Btc and solana is for all even if you don't have big money you can also buy a small amount,there is no restriction in buying even if you are poor you can still buy it and hold,so i think you are wrong of your saying, because every coin in crypto is for everyone and not just for the rich people who can afford to buy 1 btc.
I dont think the poor could comfortably afford to buy Bitcoin right now. Even when they try to invest with any amount they have, it will take them a long time to have a good amount of Bitcoin in their portfolio and also they might not meet up to their investment expectations due to the fact most of them would tamper into their investment along the line.

Bitcoin and Solana can be invested by the rich and the poor but both cant be really successful at it. Bitcoin investment requires consistency and most poor persons struggling to invest in Bitcoin hardly maintain consistency.

Consistency should be the same both on BTC and SOL, it's just that a person with less funds would buy less of a coin each time Grin

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