Yes the rich got more advantage since they have more liquidity and constant supply of funds for their discretion but that shouldn't discourage poor people make them feel they're not in a good position to invest in Bitcoin. The thing is that some poor people lack patience and that's were their problem is, they want quick money and can't be patient enough to start small, maintain consistency and grow with time.
Some poor people even make the mistake of waiting till they get a better job or earn higher income before they start, I consider it a wrong step given that they could miss lots of buying opportunities before they could get the preferred amount they feel they could start with. There's no harm in start small then increase the amount of discretionary they wish to invest with as time goes.
Rich folks have enormous flow of discretionary income compared to poor peoples,which is an advantage these rich folks have that the poor Lacks. The rich folks have the leverage of accumulating bitcoin faster dued to there financial capabilities of investing larger amounts of discretionary income in bitcoin but poor folks shouldn't be discouraged because of that.
The mistake most Poor people often make is that there are afraid of starting small which is wrong. They want to start investing big in bitcoin. If they start waiting to invest big in bitcoin they might miss lots of good buying opportunities that could've been utilize to grow their bitcoin portfolio. The notion of waiting for the perfect time to invest is a bad idea,they shouldn't be afraid of starting small. They should focus on investing the little discretionary income that is available, maintain consistent for two cycles while they work on increasing there income they will grow over time
Yep.. even though poor people are disadvantaged they should not be discouraged or go down the road of gambling rather than investing.
Like you mentioned, poor people might get into a mindset that they have to be more strategic and buy on dips, and then they end up engaging in gambling on prices going down and in a wrong mindset as compared to if they focused on ongoingly stacking bitcoin no matter the price and otherwise striving to maintain their cashflow i order to slowly put themselves in a better and better position, even though it may well take several years and even perhaps figuring out ways to increase discretionary funds.. so they can invest more and also so that their cashflow management is backed up by actual cash..
Poor people do not have money, then if all these poor people are involved in gambling, they will be financially affected and it may be that their entire life is going to be messed up because of this single decision. When poor people want to get involved in investment, they naturally think that they will be a little more strategic in terms of investment and they will always buy Bitcoin at a low price, thinking like this, they wait but after waiting like this, they do not succeed in investing because we do not know what the next movement of the market will be and there is constant pumping and dumping in the Bitcoin market, so a better decision would be to buy Bitcoin regularly and continue it consistently.
Here I would like to add another important point that is that people are poor but they do not stay poor for the rest of their lives and if an investor starts investing with this poverty, I believe he will try harder to increase his income, as a result of which on one hand he will have an investment and on the other hand his source of income will continue to increase.
The various battles around bitcoin are likely going to continue, so there is an advantage to stay focused on your own ongoing stacking, even if you might monitor bitcoin at the same time. Sure, maybe you have certain kinds of work that you do and how you spend your days to earn money... and at the same time, you can still dedicate a certain amount of time learning about bitcoin and learning about your own cashflows...
Historically there have been a lot of distractions related to bitcoin, and I doubt that the potential distractions into the future are going to go away.. .So if you are figuring out how much you can invest into bitcoin and how much you are going to keep in your back up funds.. and yeah, hopefully with the passage of time all of those continue to grow, even though the dollar value of the bitcoin might go up and down, but if you are striving for a 4-10 year or longer investment timeline, there are good chances that ongoing focus and doing what you can to increase your discretionary funds, you will be better off for involving yourself in bitocin as compared if you had not done so.
We have been seeing a lot of misleading information about Bitcoin and investing and this is not a short-term thing but it has been happening before and will continue to be confusing about Bitcoin. After investing, it is quite challenging for those who overreact to market changes or cannot control their emotions, but to maintain investment for a long time. I think we need to focus more on continuing to invest, keeping aside learning or planning about investment. That is, I mean that we cannot make our investments irregular for what we think about or try to learn about something, but rather our investments should be regular from the investment point of view.
It is actually important to understand first that if their plans are long-term, such as five years, six years, or seven years or more, then why would all these investors react to temporary changes in the market, there is actually nothing for them to react to. The more the market fluctuations continue to revolve in our brains, the more we will worry about our investments, which will make it impossible to actually invest in a long-term plan, but our investments will become irregular.
So what we need to do is to plan long-term, continue investing accordingly, and completely avoid market fluctuations.
Common sense might also tell a guy who is new to investing into bitcoin that it is good to get started right away, yet since the guy is still uncomfortable with bitcoin, he is going to start with investing only $30 per week rather than $100 per week until he starts to get more comfortable and spend time learning the areas that he needs to learn that also include getting better acquainted with his own cashflows, which are all the kinds of skills and practices that anyone can learn as long as figures out some time to learn them and to practice to verify his levels..
If you can continue investing with a relatively small amount of money every week and keep it for a long time, then I think it is better to invest a small amount of money. In the case of some investors, it can be observed that they invest beyond their means because they are very emotional in the beginning and all these investors cannot continue their investment later. Suppose I have the ability to invest $ 100 per week, but if I start investing with $ 30 or $ 40 per week, then at the end of each week I will have enough remaining money and this is my alternative support. When I have extra money at the end of the week, I will also feel that I should increase my investment amount and I think then an investor will try to increase the investment amount on his own.
So I always welcome those who are starting or want to invest with a small amount of money.
So, maybe after 3 weeks he increases to $40 per week, then after 6 weeks he increases to $55 per week, and then after 12 weeks he increases to $75 per week, and then maybe after 29 weeks, he ends up feeling like he can increase to $125 per week.
The adjustments go along with the changes in the comfort level and also making sure that the levels are comfortable with the cashflows and the discretionary income and perhaps the building up of back up funds to the extent that the backup funds might not have had been enough in the beginning.
After starting, the investor can decide for himself how much money he should gradually increase. If he increases it a little from what he started with, he will be able to feel in the next week whether what he is continuing now is comfortable for him or he can continue investing by increasing it a little more. If he can do more, then he can increase the investment amount a little more in the next week and the next week he can again realize whether this amount is comfortable for him or whether he can do more. In this way, if he increases the investment amount gradually with ease, then maybe it will be best for him.
(Here the same week has been mentioned more than once, I sincerely apologize if it is difficult to understand)
