Bitcoin in the next decade

[B2Z]

Those who want to escape poverty need to work harder, put in more effort than the average person, and have a smart strategy. Relying solely on Bitcoin to escape poverty is very difficult, because Bitcoin is not a get rich quick scheme.

If a poor man has his discretionary income to be as little as $10, he can start his bitcoin investment with DCA  at least it's better than nothing provided he is a long-term investor and will continue buying weekly overtime. I believe in ten years time his financial status will upgrade and will be better than someone who was in the same financial state with him years ago without investing into bitcoin.

However, the investor can work on improving his discretionary income after he has been motivated with the price movement of bitcoin and feel he needs to buy more above $10. He can learn an additional skill or get a second job so that he can earn more and increase the money that he's using to DCA since his discretionary income will increase after he gets a second means of income.

I also think that it is better to have something than nothing at all. When I was a child, I used to read a rhyme that says that the ark is made from a drop. Those who can consistently invest in Bitcoin with $10, then we should appreciate their efforts because they have done their best.
Such investors, if they get a little inspiration and encouragement, will do their best and later they will try how to earn more money and how to consistently buy Bitcoin with more money and hold it for a long time. What I like most is that it is discussed here that investing in Bitcoin is not a shortcut method but rather a matter of hard work, patience and expectation. 

We cannot think simply at the beginning, that is, if others find out about those who are investing with this minimum amount, a class of people will criticize them, and those who start investing with a small amount of money also think that this is what will happen to them with this investment, but if they think about these things in the long term, that is, eight years, nine years, or 10 years, then the total investment amount is relatively much higher.

Now many will say that the total investment amount is less in such a long period of time, but I will tell them that if they do not invest this money with hard work, they will never be able to accumulate this money, rather they will spend this money for various needs or temporary entertainment. It is better to invest in Bitcoin consistently.

[john_egbert]

You have provided good advice. If one does not have the means of earning one can source wisely. Having a stable income at the beginning of the investment is not important for Bitcoin investment. There are many poor people like me who are trying to learn about Bitcoin and trying to deposit small amounts and the source of income is still not fixed. The amount of weekly DCA can be of any size to start investing with. Investing in bitcoins with discretionary income will give you the courage and confidence to invest for the long term even if you don't have a stable income.

In as mvch as stable income is not needed to start investing,  you can always  accommodate the act of creating other sources of income as.much as you can. Tell yourself the truth, if you rely on just a source of income that is not fixed for long, you may lack the consistency to carry on in bitcoin investment.

Utilize your time and part of your money to venture into learning a skill, doing a business, anything that is legit than can put money into your hand. You can always allocate part of the money that is made from diversifying back to bitcoin, it is all about using your common sense though.

Proper risk management and management of funds at hand.. Without these two, going forward is pointless.

You can't have results without funds and without knowing what you are doing.

[IjawMan]

Just the technology itself should prove very challenging to most nerds who are not going to be satisfied with a superficial illusion of understanding the technology. In the sense Bitcoin provides an unlimited learning opportunity, and even the academic world is yet to fully catch up. A lot of the work about Bitcoin if it exists at all is just looking at it through the same lenses and the same assumptions.

There is a lot of good information about bitcoin through writings and podcasts and even videos.  There is also mediocre work, so sometimes it can be difficult to distinguish the good work from the mediocre work, including for people to engage in critical thinking in regards to information that they read or watch.

Some people don't even like to read anything, so they just watch videos, which might end up leading them into shitcoins (or trading bitcoin) rather than investing into bitcoin.

Having a wealth of knowledge will also amount to increasing your chance of a successful bitcoin investment. A bitcoin person must have a reading culture if they must  learn and be confident to question some informations after a critical examination of how it does not align with the digital asset. An intellectually lazy person is whom accepts all the informations that come his way cause he is too lazy to make his research and verify.

Expanding on what I said, I personally know a few examples of people who invested completely meaningless amounts of money and got spooked on the first strong dip. In this case it would have been much worse if they had invested significant amounts of money, but luckily they didn't. Still such people present rather difficult examples to turn into investors of any kind. I don't think age plays a role much either, some were older and some were even in their 20s.

Ultimately bitcoin continues to have low level retail adoption, even though there are more and more talking points from institutions and even guys like Saylor (even though in recent times, Saylor seems to have been losing some credibility even though he has a lot of decently good historical presentations).

Normies have to figure out bitcoin, and it might take more than one generation, even though guys who already know about bitcoin consider it to be growing fast, we still likely have less than 1% world wide adoption of the population, and even those who own some, might not own as much as they should own or could own..

What may be setting off such low level retail adoption gradually revolves from the growing bitcoin price that have climbed high in price and looking so expensive to buy presently when it is judged by former price in the early days when retailers found it cheaply affordable for the quantity they were able to buy then. Presently it has been more of an open field for institutional investors cause the price of bitcoin is still affordable for institutions. It still not an excuse to steer to shitcoins for their cheapness.

Though is not compulsory that a bitcoin investor/adopter must have to purchase a whole bitcoin before he can begin/continue to accumulation in the way the institutions are doing. Retail adopters can purchase with the amount they have to afford according to their income. With constant purchasing in a 4-8 years it will amaze them how much bitcoin they are able to stack with that amount that was initially taken to be small to begin with.

[Asuspawer09]

I guess that is just the inevitable consequence of it, since we are on adoption, governments and countries are starting to get interested with that we expect a lot of restrictions on it soon.

Almost all of the investors are probably thinking are just in it for profit, they dont really care about it whatsoever. I mean, in my opinion, that's okay since Bitcoin really is a good investment and one of the reason it get popular is because of that. We are just forgetting the norms of Bitcoin, it compromised its structure, and we are already forgetting where it came from, like it is privacy, it is decentralization etc. But as we continue to adopt on it's technology, we are getting forced into using centralized platforms, doing KYC etc, bunch of regulations, taxes, etc.

Adoptation is surely a good thing, but I guess it is just the price that we need to pay when we continue to adopt, For me this is just things that we need to adopt as well, this are just things that we dont have control, as long as there are tools that we can use still existed we can still protect ourselfs as long as we know what we are doing.

[Son Of Blockchain (SOB)]

I do not think there's any poor man that wants to remain poor, as humans we hope for the best everyday, so it means the poor can actually become average tomorrow, middle class next tomorrow, very rich upper next, if all these can happen, I do not think that the poor or anyone has any excuse to give why they can not invest in Bitcoin, what everyone need is to start first, then hustle for more legit way of making money to enable them increase their discretionary income, investor that got a dream to actualize, do not get workout about bitcoin, his major focus will be targeted on fulfilling his dreams.

To be honest, some people really want to remain poor cause they barely make efforts to change their state or desist from doing the wrong things in the name fighting poverty, someone can't be wanting to get out of a poor state and still missing good opportunities because they're skeptical about it, or doing the wrong things like trading spot and futures with Bitcoin or feel relaxed to get a job.
 People should be happy that Bitcoin has given everyone the opportunity that could lead to financial freedom and the best they can do for themselves is to get a job, learn the basics and start investing, well Bitcoin investment is a choice and only the wise ones would grab the opportunity especially now that it's still early.