Is Bitcoin just for the rich?

[Awaklara]

The tech can feel overwhelming at first, but once you get the hang of it, it really is for anyone who's in it for the long game.

Actually, there is nothing complicated about Bitcoin, it just requires understanding and knowledge, and you can feel the benefits of owning Bitcoin. Everyone can learn and invest in Bitcoin, regardless of being wealthy or not. What differentiates them is only purchasing power. It is the same as owning gold, you don’t have to force yourself to buy in large weights. Gold is still available in smaller quantities, even with lower grades making it cheaper. Everything will adjust to your capabilities. Bitcoin is not something complicated, but if you want to invest, you may need to have some knowledge.

[Baki202]

If you lack proper mindset and planning then be rest assured that it will definitely judge you because Bitcoin is all about patience and  not everyone has that sort of patience and before I forget it also involved consistency with atleast an average source of income, that's if you want to buy and hold for long. Starting an investment with Bitcoin isn't just the issue but the real is actually maintaining that status so that it will yeild you profit in the future.

Bitcoin is for everyone but the truth of the matter is that why people have this idea that investing in bitcoin is only for rich people and i know that it because of money and even when you don't have money there plans that can be made for anyone to actually invest and since there are now like procedures that can make investing in bitcoin very easy because when you use DCA the only thing you need to do is for you to be committed the moment you are committed because the moment you start its not about starting for long are you going to do it. so this is why make plans makes the investment more and more and easier for you. because its another thing to invest it is another thing to be able to manage it.

[john_egbert]

The tech can feel overwhelming at first, but once you get the hang of it, it really is for anyone who's in it for the long game.

Actually, there is nothing complicated about Bitcoin, it just requires understanding and knowledge, and you can feel the benefits of owning Bitcoin. Everyone can learn and invest in Bitcoin, regardless of being wealthy or not. What differentiates them is only purchasing power. It is the same as owning gold, you don’t have to force yourself to buy in large weights. Gold is still available in smaller quantities, even with lower grades making it cheaper. Everything will adjust to your capabilities. Bitcoin is not something complicated, but if you want to invest, you may need to have some knowledge.

To understand BTC in full, surely knowledge is needed.

But to hodl it - nah, everybody can learn how and why they should do that. The best teacher would be practice afterward.

[Agbamoni]

BTC is a path to wealth for all whom understand it.

To be very honest with you, not everyone have successfully become wealthy through Bitcoin because basically that wasn't what it was made for. Yes, Bitcoin has created wealth for many people who were early investor and held their Bitcoin till date. There ae several factors that influences the price of Bitcoin and if you dont have good knowledge you will not succeed. And yeah, understanding Bitcoin doesn't guarantee profit. Timing, risk management, capital, to mention a few others matters a lot but there are people who knows about all these yet lose money in Bitcoin.

[Abiky]

Yes, the days of getting rich quick with bitcoin are over and now anyone who wants to make millions, billions of dollars needs to have the corresponding capital. There will no longer be an opportunity for people to make hundreds of thousands of dollars with just a few hundred or a few thousand dollars in capital, let alone make a few million dollars.

Therefore, while the poor can still invest in bitcoin, they will not be able to get rich from it and what they can achieve is a significant return on their initial capital. However, that can also be a barrier that prevents many poor people from investing in bitcoin, because poor people often have the mentality of wanting to get rich quickly with little capital.

The notion that Bitcoin is only for the rich is becoming increasingly true.

Are they really over? Because Bitcoin keeps reaching a new ATH. With recent legislation in favor of Bitcoin (within the US), the bullish trend won't come to an end anytime soon. I'd say we're still early in the game. There's a huge opportunity to build wealth with BTC if you start right now. While rich people continue to buy and "hodl" BTC like crazy, that doesn't mean the "door" is closed for the general public. You can buy fractions of a BTC without spending a fortune. So long as the core Bitcoin blockchain remains decentralized, we should have nothing to worry about.

Fingers crossed most of the BTC in circulation remains in the hands of the people. Not big banks, institutional investment firms, or governments. The future is unpredictable, so anything's possible.

[cryptokidBTC]

Not for the "rich" but for the "risk" takers..
Most people will say, “Only invest what you can afford to lose,” and yes, that’s the standard. But sometimes, if you truly believe in Bitcoin, you might go beyond the standard, just like CZ, who famously sold his house to buy Bitcoin back then.

never heard of this dude but he sounds like an absolute goat, I could imagine he could buy thousands of houses now lol

[Sexylizzy2813]

BTC is a path to wealth for all whom understand it.

To be very honest with you, not everyone have successfully become wealthy through Bitcoin because basically that wasn't what it was made for. Yes, Bitcoin has created wealth for many people who were early investor and held their Bitcoin till date. There ae several factors that influences the price of Bitcoin and if you dont have good knowledge you will not succeed. And yeah, understanding Bitcoin doesn't guarantee profit. Timing, risk management, capital, to mention a few others matters a lot but there are people who knows about all these yet lose money in Bitcoin.

You are correct on all you said and there is something people fail to understand which is how the story about Bitcoin was told by whoever introduce it to them, like the message of how it works. Some persons heard of Bitcoin being the only way of becoming extremely rich and this alone makes many to see Bitcoin from a different angle not by taking that ultimate risk and to have patience, they see it as getting in and coming out rich, which is bad. Out mindset as newbies to Bitcoin investment sometimes spoil the opportunity we have in making it through Bitcoin. Those who have the knowledge of how Bitcoin works still lose talk less of someone who started knowing it this very year, I feel is safe to say Bitcoin also have to do with luck to make it.

[Oluwa-btc]

Honestly, I've never been able to imagine that Bitcoin is only for the rich.Bitcoin is literally for all of us,valid and accessible to anyone regardless of the difference in income level.Bitcoin gives the ordinary people access and frequent freedom so remove that kind of misconception and start small with Bitcoin safely.

[Zackz5000]

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.

No, Bitcoin isn’t just for the rich.

anyone can buy small amounts, and you don’t need to own a whole coin to get started.

Some persons got misinformed about Bitcoin there are people who has the intention to invest in bitcoin but they thought that Bitcoin will be too expensive for them to accumulate, well this is not true bitcoin is for everybody and anybody can buy bitcoin be it poor or rich.
There are several strategies in which one can use to accumulate Bitcoin if only an interesting person can figure out if he has a discretionary income to get started with that's money he can afford to loss, with the DCA strategy one can start accumulating Bitcoin fraction by fraction either by weekly or monthly.

[HistoLock]

Not for the "rich" but for the "risk" takers..

Whatever financial situation we’re in, as long as we can afford to take the risk, Bitcoin is for us.

Most people will say, “Only invest what you can afford to lose,” and yes, that’s the standard. But sometimes, if you truly believe in Bitcoin, you might go beyond the standard, just like CZ, who famously sold his house to buy Bitcoin back then.

The interesting thing is that many people get confused when answering this question whether Bitcoin is for the rich or the poor. But I think Bitcoin can be used by both rich and poor people. Yes, it is true that if you invest for a long time, then you have to be able to take risks, only then you will get good results from it. Bitcoin is suitable for those who can take risks. If you are afraid of investing, then you are not suitable for using it.
If you buy it with a small amount of money and hold it for a long time, then you will make good profits in the future. It is not mentioned that only the rich can use it, we call those who have held it for a long time and achieved success. You can also achieve success by investing in it for a long time. I think no one will tell you that Bitcoin is only for the rich, this is basically a misconception of many people. I think Bitcoin is for long-term investors who are patient.

[Nothingtodo]

Since Bitcoin is decentralized, everyone can hold Bitcoin, especially a rich person, and a poor person can hold Bitcoin without having to comply with any government regulations. However, one important thing is that a rich person can buy multiple Bitcoins if they want, but a poor person cannot buy one Bitcoin if they want because even if they want to, they will not have the ability to buy one Bitcoin. Even if the ability is a little less, a poor person can still buy Bitcoin, especially if he wants to buy Bitcoin for $100. And if a rich person wants to buy Bitcoin for $100,000, he can also. That is, everyone who has the ability can invest in Bitcoin according to their ability.

[Agbe]

Since Bitcoin is decentralized, everyone can hold Bitcoin, especially a rich person, and a poor person can hold Bitcoin without having to comply with any government regulations. However, one important thing is that a rich person can buy multiple Bitcoins if they want, but a poor person cannot buy one Bitcoin if they want because even if they want to, they will not have the ability to buy one Bitcoin. Even if the ability is a little less, a poor person can still buy Bitcoin, especially if he wants to buy Bitcoin for $100. And if a rich person wants to buy Bitcoin for $100,000, he can also. That is, everyone who has the ability can invest in Bitcoin according to their ability.

You don't have to be super rich to buy Bitcoin there are allot of ways that people who are not that financially buoyant can use in buying  acquiring Bitcoin one of such way is through DCA investment method which involves setting aside small amount of money for the purpose of investing over a period of time this method is actually a very good method that also applies to Bitcoin investment for anyone who is ready to invest in Bitcoin but doesn't really has the financial leverage to do that

[SatoPrincess]

Honestly, I've never been able to imagine that Bitcoin is only for the rich.Bitcoin is literally for all of us,valid and accessible to anyone regardless of the difference in income level.Bitcoin gives the ordinary people access and frequent freedom so remove that kind of misconception and start small with Bitcoin safely.

We have seen bitcoin at different prices, from $0 to $120k and in all these years both the rich and the poor have had the opportunity to accumulate bitcoins according to their financial capabilities. It’s quite unfortunate that many failed to buy bitcoin because they thought the price of bitcoin was too high, now bitcoin is worth $114k and it seems only the rich can afford it but it’s not so, if they had bought fractions of bitcoin over the years using DCA strategy they would have stacked a good amount of bitcoins.

[FortuneFollower]

You don't have to be super rich to buy Bitcoin there are allot of ways that people who are not that financially buoyant can use in buying  acquiring Bitcoin one of such way is through DCA investment method which involves setting aside small amount of money for the purpose of investing over a period of time this method is actually a very good method that also applies to Bitcoin investment for anyone who is ready to invest in Bitcoin but doesn't really has the financial leverage to do that

Price is not the biggest factor, because you can buy any amount depending on your life standard and wage, what's important is to do it constantly and steadily, that way, the results will come themselves

[DanWalker]

Honestly, I've never been able to imagine that Bitcoin is only for the rich.Bitcoin is literally for all of us,valid and accessible to anyone regardless of the difference in income level.Bitcoin gives the ordinary people access and frequent freedom so remove that kind of misconception and start small with Bitcoin safely.

But with bitcoin prices rising due to inflation, currencies are losing value, and many people around the world are getting poorer instead of better off. So it's only a matter of time before bitcoin becomes an asset only for the rich.

Bitcoin was created for everyone but with its rapid growth it is becoming more expensive than ever. I believe that when bitcoin price reaches $500k or more, owning bitcoin will become more and more of a luxury and buying bitcoin for poor people will just be a dream.

[irhact]

Actually, there is nothing complicated about Bitcoin, it just requires understanding and knowledge, and you can feel the benefits of owning Bitcoin. Everyone can learn and invest in Bitcoin, regardless of being wealthy or not. What differentiates them is only purchasing power. It is the same as owning gold, you don’t have to force yourself to buy in large weights. Gold is still available in smaller quantities, even with lower grades making it cheaper. Everything will adjust to your capabilities. Bitcoin is not something complicated, but if you want to invest, you may need to have some knowledge.

Bitcoin isn't created for the rich, we need to stop looking at the price of Bitcoin and think because it's now expensive that we can't afford Bitcoin anymore. Bitcoin is for everybody but to enjoy the benefits of Bitcoin, we first need to understand Bitcoin. It's when you buy and hodl that you can enjoy the full benefits of Bitcoin. Trading Bitcoin won't give you the full benefits, you might be able to make some quick money but that's not how to make the most money from Bitcoin. Both the poor and rich and the middle class can all benefits from owning Bitcoin but our patience in hodling is what's going to determine who gets to benefit the most.

[nemesis_incarnate]

Actually, there is nothing complicated about Bitcoin, it just requires understanding and knowledge, and you can feel the benefits of owning Bitcoin. Everyone can learn and invest in Bitcoin, regardless of being wealthy or not. What differentiates them is only purchasing power. It is the same as owning gold, you don’t have to force yourself to buy in large weights. Gold is still available in smaller quantities, even with lower grades making it cheaper. Everything will adjust to your capabilities. Bitcoin is not something complicated, but if you want to invest, you may need to have some knowledge.

Bitcoin isn't created for the rich, we need to stop looking at the price of Bitcoin and think because it's now expensive that we can't afford Bitcoin anymore. Bitcoin is for everybody but to enjoy the benefits of Bitcoin, we first need to understand Bitcoin. It's when you buy and hodl that you can enjoy the full benefits of Bitcoin. Trading Bitcoin won't give you the full benefits, you might be able to make some quick money but that's not how to make the most money from Bitcoin. Both the poor and rich and the middle class can all benefits from owning Bitcoin but our patience in hodling is what's going to determine who gets to benefit the most.

It heavily depends on why you get BTC in the first place: to only get the profit or to use something that's suited to be used?

Depending on the answer, you go and do what interests you in the direction chosen

[hedgeh0g]

There is some not quite normal trend emerging with the topic of Bitcoin purchases. I mean, countries are starting to buy it after funds and large players have already done so. Now countries are buying it, and those countries that had enthusiastic views have also bought it a long time ago. Initially, Bitcoin was created for freedom, but it increasingly looks like speculative games like who won't be the last to sit on a chair.
And now I see a lot of advice to buy. But why is this necessary if the strongest whales have already bought at lower prices?

[Ryu_Ar1]

Bitcoin was created for everyone but with its rapid growth it is becoming more expensive than ever. I believe that when bitcoin price reaches $500k or more, owning bitcoin will become more and more of a luxury and buying bitcoin for poor people will just be a dream.

Things like this can ultimately be minimized because after all we must know that the assumption that the price of bitcoin is expensive is only an alibi for those who do not understand how bitcoin works like what is included in the purchase of bitcoin itself.

Indeed, in the end when looking at 1 bitcoin now that even more than $110k it will seem expensive but in fact we also have many options including the amount we can buy in bitcoin. So in the end things like this will not be a problem because we know that even though the current value of bitcoin is quite high but we can still buy it in several ways and as much as we can because there is no benchmark for everyone to buy 1 or 2 bitcoins, the most important thing is when we are ready with all the risks that will be faced and when we can already buy bitcoin then we just need to buy it without much thought.

[summonerrk]

There is some not quite normal trend emerging with the topic of Bitcoin purchases. I mean, countries are starting to buy it after funds and large players have already done so. Now countries are buying it, and those countries that had enthusiastic views have also bought it a long time ago. Initially, Bitcoin was created for freedom, but it increasingly looks like speculative games like who won't be the last to sit on a chair.

That's exactly it. Look at this news:

CZ predicts that in the near future, a real race for BTC and other key cryptocurrencies will begin between countries - one of the largest economies in the world is already actively implementing digital assets, purchasing them and studying the possibility of creating a national crypto reserve.
He believes that countries that do not start buying cryptocurrency now risk falling seriously behind in the future. First, the most developed and rich countries will start buying up Bitcoin en masse, which will lead to a rapid increase in its price.

And I didn't understand the transition from the introduction of digital assets into the economy to the desire to buy bitcoin.
Digital assets bring benefits in the real world, reduce risks and costs, make people richer
Bitcoin is needed to buy cheaper, and then find someone who will buy more expensive (if you can't find someone, then it's not profitable, that is, there is a risk and it is big) - there is no more money, money flows from new buyers to old ones.
This is all great, even if it looks like speculation. But where is the actual implementation of blockchain as a technology that makes life easier and fairer? I am not saying that you should not buy Bitcoin, but the situation is really taking on strange forms.