Is Bitcoin just for the rich?

[adultcrypto]

How many tiny fractions can a biginner in bitcoin is advice to start with in this journey of bitcoin?

There is a method of buying bitcoin that is called DCA which is very good for a beginner. The DCA method allow someone to buy with small amount of money but at a regular interval like weekly or monthly. The amount you will need to purchase will be small compare to your total income so that your mind will not be in the investment and you must ensure that the money you are investing into bitcoin is not what you will use for your basic needs like food, shelter, utility and others. Read about the DCA method and start applying it consistently and you will be achieving something significant at the end of the day.

[Adams0001]

How many tiny fractions can a biginner in bitcoin is advice to start with in this journey of bitcoin?

There is a method of buying bitcoin that is called DCA which is very good for a beginner. The DCA method allow someone to buy with small amount of money but at a regular interval like weekly or monthly. The amount you will need to purchase will be small compare to your total income so that your mind will not be in the investment and you must ensure that the money you are investing into bitcoin is not what you will use for your basic needs like food, shelter, utility and others. Read about the DCA method and start applying it consistently and you will be achieving something significant at the end of the day.

That is the best method of buying bitcoin DCA, that will minimise your risk. People that think bitcoin is for the rich i can says they don't really know anything about crypto that is why they said so. Because someone that is educated about crypto will always know that you can buy bitcoin in any amounts from 1$ upwards. The only thing someone can says is that the more you invest the more the profits will comes. And that is why the rich are getting more benefits then the weak people that invest small amount in the bitcoin. Investing in bitcoin is for everyone that is capable to risk any amount he can afford to lose in the market, but if you are patient enough and invest for the long term am sure you will get more profits depend on how he goes. Because sometimes is not the way you plan things go they used to be bad day in investment, that make the coin drop down and making people lose there capital but when you leave for a long you will surely achieve your goals definitely.

[SilverCryptoBullet]

That is the best method of buying bitcoin DCA, that will minimise your risk. People that think bitcoin is for the rich i can says they don't really know anything about crypto that is why they said so. Because someone that is educated about crypto will always know that you can buy bitcoin in any amounts from 1$ upwards.

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

[MinoRaiola]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

The transaction fees in some countries are a lot of money, this is not the same in a globally view. But there are also possibilities, a wallet can be set up as bench32 or they can use lighting. But it also depends on the wallet you use to send your bitcoins. The fee is currently very low for transactions, 1 sat/vb, there was much higher in the past. And bitcoin is for everyone, as you have written it. Maybe people see it different, but hopefully they will understand it in the future. Everyone can own bitcoin.

[madnessteat]

How many tiny fractions can a biginner in bitcoin is advice to start with in this journey of bitcoin?

A beginner shouldn't start making investments directly, but if they know they have understood things somehow and now want to start investing, they can start with as little as $10, or even less if someone is selling Bitcoin privately to you and you are not buying directly from the market. I'm not totally sure but I think P2P trading can allow lower amounts to be bought compared to open market where you place your order to buy using stable coins or other cryptocurrencies.

People who are often new to cryptocurrencies and have no knowledge about cryptocurrencies think and believe that you can't buy them in portions, and if someone wants to invest, they will have to buy one whole coin or token. That is the only reason why someone can think and say that Bitcoin is just for the rich because only the rich can afford to buy a whole Bitcoin now considering its price.
If someone comes to know that you can even buy fractions of it since it has 8 decimal points, they wouldn't say such things to begin with.

Anyone wondering about buying Bitcoin can learn absolutely everything about investing in Bitcoin by asking one or two questions in the same GPT chat, DeepSeek, or any other chatbot with artificial intelligence. Or you can watch a few videos on YouTube about how to buy Bitcoin. In such educational videos, as a rule, no one buys a whole Bitcoin. Today, there is a huge amount of information about investing in Bitcoin; you just need to want to understand the issue. Many people don't want to understand cryptocurrencies because they think it's very difficult. In reality, it's not as difficult as it seems at first glance.

[free-bit.co.in]

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

Is that true? I think this will depend on which altcoin you are investing in as not all altcoins will never grow or will die. For example, if you have been investing in ETH and DCA since the 2022 bear season until now, and if I remember correctly, the lowest bottom of ETH was below $1k. You may not make more profit than bitcoin investors but at current prices you have made a significant profit. Or those who have invested in solana or many altcoins since the bottom of the 2022 bear season are also making very good profits.

Indeed, it is not correct to equate the potential of bitcoin and altcoins because they are not the same, but it is also not correct to say investing in altcoins will always be a loss. We should accept the fact that bitcoin is not the only coin that can bring profit.

[cr1776]

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

Is that true? I think this will depend on which altcoin you are investing in as not all altcoins will never grow or will die. For example, if you have been investing in ETH and DCA since the 2022 bear season until now, and if I remember correctly, the lowest bottom of ETH was below $1k. You may not make more profit than bitcoin investors but at current prices you have made a significant profit. Or those who have invested in solana or many altcoins since the bottom of the 2022 bear season are also making very good profits.

Indeed, it is not correct to equate the potential of bitcoin and altcoins because they are not the same, but it is also not correct to say investing in altcoins will always be a loss. We should accept the fact that bitcoin is not the only coin that can bring profit.

I don't think it has been true for every alt, but it definitely has been true for a lot of them.  As far as the future, who knows.  There may be a few alts that have a viable purpose but a lot of them only have the purpose of scamming someone to enrich themselves.

[Mame89]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

Bitcoin is for anyone that can afford to invest in it, whether rich or poor anyone can invest with the right strategy. Many rich investors in Bitcoin some of them has other motives or reasons for making themselves known as major investors, Trump is a rich investor and he is also a politician and claiming to be interested in Bitcoin made him even more popular and he gained from that popularity. The poor or the middle class invest in Bitcoin without any hidden agenda but only for investment sake, more poor or middle class have invested in Bitcoin and has even become rich too but they choose to stay low key out of the public and not make themselves the center of attention from scammers. Bitcoin is for everyone as long as it can be bought bit by bit.

Bitcoin is for everyone, regardless of race, ethnicity, wealth, or poverty, because anyone can own Bitcoin to achieve financial freedom in the future. Although Bitcoin is for everyone, not everyone can invest in Bitcoin. Investing in Bitcoin is for those who are knowledgeable about cryptocurrencies and willing to take risks.

Bitcoin currently seems to be only for the wealthy, but that's true because many well-known and wealthy individuals are starting to invest in it. Many of them also promote their Bitcoin investments, making it seem as if Bitcoin is only for the wealthy. In reality, many non-wealthy individuals can invest in Bitcoin, albeit secretly, and many do so, even improving their financial well-being. Only those less familiar with Bitcoin think Bitcoin is only for the wealthy because they see its high price, not realizing that Bitcoin can be purchased in small amounts gradually.

[Ihedioral]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

You won’t say bitcoin is just for the rich alone, both the rich and the average person are all allowed to own bitcoin as long as you can afford it, it’s you who is taking the risk that will determine if you are worthy of it or not.


All you need before you can start investing is a strategy that will work fine for you base on your income not just in bitcoin investment but also in anything you want to invest on, you should invest with what you can afford and as you keep on going you can also grow your trust and interest if you should invest more or not having in mind that no investment is risk free.

[Cryptoprincess101]

Bitcoin is not for the rich alone but i feel that they will get the highest benefits from bitcoin investment because since they are rich, they will invest huge amounts of money in bitcoin such that they can hodl for a long term without tampering their bitcoin but for someone who is not financially capable, even though he has plans of holding for long but there is a certain level the price can get to and he won't be able to hodl anymore because he will see himself that he have made a lot of profits. Rich people are not afraid of market volatility because they know that whatever that happens won't affect their wealth but someone who is not financially settled will always be afraid of market fluctuations and volatility so that's just the difference.

[Powerjumboo]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

Those who say that Bitcoin is only for the rich, I think they still don't understand Bitcoin well. Where we can easily buy any amount of Bitcoin and own it, why would I say that Bitcoin is only for the rich? Bitcoin is for everyone, but those who have a lot of money will buy more and own more Bitcoin, and those who have less money will buy a little Bitcoin and own Bitcoin. However, buying and selling Bitcoin will not work, unless it is possible to hold Bitcoin for the long term. Only if you can hold it for the long term, it is possible to achieve success in Bitcoin and be able to confidently say that I own Bitcoin. It can also be said that I have held Bitcoin for a long time and Bitcoin has made me very successful.

[Smartvirus]

Bitcoin is just about one of the investments out there that you can buy in really small and somehow, have hopes of a high returns in the end. That’s because, even as it is, Bitcoin is yet to attain its full potential or price appreciation. At the very least, it doesn’t even have a capped price and would continue to remain volatile through its existence but, the price is sure to go even farther than we have it now. That’s why, it’s never a thing for the rich, since you can simply buy with any amount now and get values of it in a decade or more.

[free-bit.co.in]

I don't think it has been true for every alt, but it definitely has been true for a lot of them.  As far as the future, who knows.  There may be a few alts that have a viable purpose but a lot of them only have the purpose of scamming someone to enrich themselves.

Yes, there are a lot of useless altcoins, created just for the purpose of scamming and enriching themselves. But it's not all bad, there are a lot of altcoins that have grown alongside bitcoin over the years, and they are still working tirelessly to continue to grow and bring more benefits.
Agreed that most altcoins are centralized, but we cannot deny their efforts just because of that while their purpose is completely different from bitcoin. Each coin has a different role and purpose, we cannot deny them just because they do not follow the path of bitcoin.
It is really biased when we criticize all altcoins and assume that all of them are useless and not worth investing in long term.

[Antotena]

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

When people say crypto, it means like generalizing everything but altcoins are any other coins that are not Bitcoin. Altcoins comes from the world alternative coins people can invest that are not Bitcoin. They have done different marketing to make people think that they are the best like the next Bitcoin and there has never been any best Bitcoin since all these years, there can never be any Bitcoin, there is nothing greed related to Bitcoin but altcoins are full of people with personal interest.

DCA only work for Bitcoin but can work for some altcoins if you don't go after shitcoins. There are good altcoins no matter how bad some looks like. Solana as done worst in the past but it has done more than it has run from beginning. There are investors that bought it while it was going down in price and today it's has done well today, even BNB is one of the best performing altcoins that if you have done DCA in the last few years, you will be at good profit today.

[purple_sparkles]

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

When people say crypto, it means like generalizing everything but altcoins are any other coins that are not Bitcoin. Altcoins comes from the world alternative coins people can invest that are not Bitcoin. They have done different marketing to make people think that they are the best like the next Bitcoin and there has never been any best Bitcoin since all these years, there can never be any Bitcoin, there is nothing greed related to Bitcoin but altcoins are full of people with personal interest.

DCA only work for Bitcoin but can work for some altcoins if you don't go after shitcoins. There are good altcoins no matter how bad some looks like. Solana as done worst in the past but it has done more than it has run from beginning. There are investors that bought it while it was going down in price and today it's has done well today, even BNB is one of the best performing altcoins that if you have done DCA in the last few years, you will be at good profit today.

There are many good coins, but far more bad ones.It seems to me that usually those who are looking for different altcoins for investment, even if they successfully invest in a couple of positions, lose more on others that did not justify themselves.In order to make a profit from altcoins, you need to constantly, 24/7, monitor the market.This is a lot of stress, and this method is not suitable for everyone to earn money, and if you do not do this, then, most likely, the profit won’t be satisfying.For more stable investments, bitcoin is a better choice, but it’s not the right time to buy it now.

[Agbe]

Don't say Bitcoin and crypto together or Bitcoin and altcoins together. Your post is like knowing Bitcoin is also knowing altcoins or knowing altcoins means understanding Bitcoin.

DCA is a good investment strategy especially with Bitcoin investment and accumulation while it can work bad if you apply it with altcoins or shitcoins.

With Bitcoin, if you DCA and hold bitcoins a long time, you get good profit but with altcoins, if you hold them a long time, you get big loss. If you DCA altcoins a long time, you lose bigger capital.

When people say crypto, it means like generalizing everything but altcoins are any other coins that are not Bitcoin. Altcoins comes from the world alternative coins people can invest that are not Bitcoin. They have done different marketing to make people think that they are the best like the next Bitcoin and there has never been any best Bitcoin since all these years, there can never be any Bitcoin, there is nothing greed related to Bitcoin but altcoins are full of people with personal interest.

DCA only work for Bitcoin but can work for some altcoins if you don't go after shitcoins. There are good altcoins no matter how bad some looks like. Solana as done worst in the past but it has done more than it has run from beginning. There are investors that bought it while it was going down in price and today it's has done well today, even BNB is one of the best performing altcoins that if you have done DCA in the last few years, you will be at good profit today.

There are many good coins, but far more bad ones.It seems to me that usually those who are looking for different altcoins for investment, even if they successfully invest in a couple of positions, lose more on others that did not justify themselves.In order to make a profit from altcoins, you need to constantly, 24/7, monitor the market.This is a lot of stress, and this method is not suitable for everyone to earn money, and if you do not do this, then, most likely, the profit won’t be satisfying.For more stable investments, bitcoin is a better choice, but it’s not the right time to buy it now.

True considering the unstable nature of altcoins it's not advisable for anyone to invest in altcoins as there are allot of stress that is associated with altcoins because you can invest in altcoins today at a particular price and the next day the price will go down below your investment price and remain like that investing in altcoins means that you have to constantly monitoring your investments which will take you time and cause stress for you

[Y3shot]

Bitcoin is not for the rich alone but i feel that they will get the highest benefits from bitcoin investment because since they are rich, they will invest huge amounts of money in bitcoin such that they can hodl for a long term without tampering their bitcoin but for someone who is not financially capable, even though he has plans of holding for long but there is a certain level the price can get to and he won't be able to hodl anymore because he will see himself that he have made a lot of profits. Rich people are not afraid of market volatility because they know that whatever that happens won't affect their wealth but someone who is not financially settled will always be afraid of market fluctuations and volatility so that's just the difference.

The truth is that the rich have more advantages in investing in Bitcoin because buying Bitcoin is not a problem for them; they can easily afford and accumulate Bitcoin, unlike the poor, who struggle to manage their money to buy Bitcoin.

However, not being financially buoyant like the rich is not an excuse for the poor not to try their best to buy Bitcoin. Consistently accumulating Bitcoin and hodling it can really change the financial status of the poor.

The profit realized from investing in and hodling Bitcoin may not give the poor everything they want or make them rich, but it can elevate their financial situation if the profit is managed well. That is why Bitcoin investment is something the poor should never be left out of. If increasing income will enable the poor to invest in Bitcoin, then it should be done to take advantage of the potential profits in Bitcoin.

[satscraper]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

Bitcoin is for anyone that can afford to invest in it, whether rich or poor anyone can invest with the right strategy. Many rich investors in Bitcoin some of them has other motives or reasons for making themselves known as major investors, Trump is a rich investor and he is also a politician and claiming to be interested in Bitcoin made him even more popular and he gained from that popularity. The poor or the middle class invest in Bitcoin without any hidden agenda but only for investment sake, more poor or middle class have invested in Bitcoin and has even become rich too but they choose to stay low key out of the public and not make themselves the center of attention from scammers. Bitcoin is for everyone as long as it can be bought bit by bit.

Bitcoin is for everyone, regardless of race, ethnicity, wealth, or poverty, because anyone can own Bitcoin to achieve financial freedom in the future. Although Bitcoin is for everyone, not everyone can invest in Bitcoin. Investing in Bitcoin is for those who are knowledgeable about cryptocurrencies and willing to take risks.

You can even earn Bitcoin by performing simple tasks that anyone can do such as testing software and reporting bugs, if any are found. For example, the current opportunity involves testing Envoy mobile wallet. For each reproducible and eligible bug you report you can earn up to 10,000 sats per issue. I think this kind of task is beneficial in two ways.First, you earn some BTC, and second, you get to improve your skills. Plus, you can even use the testnet to find bugs ^{thus you don't need real coins to participate}.

[dumpsterhawk]

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

Bitcoin is for anyone that can afford to invest in it, whether rich or poor anyone can invest with the right strategy. Many rich investors in Bitcoin some of them has other motives or reasons for making themselves known as major investors, Trump is a rich investor and he is also a politician and claiming to be interested in Bitcoin made him even more popular and he gained from that popularity. The poor or the middle class invest in Bitcoin without any hidden agenda but only for investment sake, more poor or middle class have invested in Bitcoin and has even become rich too but they choose to stay low key out of the public and not make themselves the center of attention from scammers. Bitcoin is for everyone as long as it can be bought bit by bit.

Bitcoin is for everyone, regardless of race, ethnicity, wealth, or poverty, because anyone can own Bitcoin to achieve financial freedom in the future. Although Bitcoin is for everyone, not everyone can invest in Bitcoin. Investing in Bitcoin is for those who are knowledgeable about cryptocurrencies and willing to take risks.

You can even earn Bitcoin by performing simple tasks that anyone can do such as testing software and reporting bugs, if any are found. For example, the current opportunity involves testing Envoy mobile wallet. For each reproducible and eligible bug you report you can earn up to 10,000 sats per issue. I think this kind of task is beneficial in two ways.First, you earn some BTC, and second, you get to improve your skills. Plus, you can even use the testnet to find bugs ^{thus you don't need real coins to participate}.

That's a pretty good method, I am sure there are others if a person is willing to put in the work. The problem that a lot of people have is that they want to get rich easy, without gaining knowledge or doing good work. Because of this they look at the price of 1 Bitcoin and think that it is too expensive but that is a very simplistic view that is frankly useless. Those that do hard work and do it consistently and persist with their efforts usually come out on top. Earning some nice satoshis and holding them for a long time is doable for everyone.

[Astt12]

 Bitcoin isn’t just for the wealthy. While media coverage often highlights famous
 buyers and rising prices. 

 Bitcoin’s doesn’t favor the rich; its empowerment depends on how people and
 communities use it.

 So truly: Bitcoin is for everyone—whether you’re investing \$5 or millions, you own
 part of the same global network.