Is Bitcoin Only For The Rich?

[Son Of Blockchain (SOB)]

Edited...

You made a very valid point here which is "lack of knowledge" and I don't blame anyone who has the mindset that Bitcoin is meant for the rich alone, this is not an ideology it is a systematic error which is our bias. Lack of knowledge about Bitcoin made me to believe and think before that Bitcoin is only for big people because of the value or worth of Bitcoin that was the reason for this my bias but thank God for knowledge because I later realized I was wrong because anyone can invest so long they can figure out a discrestionary income.

It's true, the point is very valid, only those who don't have the knowledge and understanding of Bitcoin would think it’s meant for rich people because of the price but if they understand they can consistently buy with little amount, there's still good chances of getting huge rewards as Bitcoin progresses, they won't have a reason to think such.
 Ignorance is very bad, it could give you a wrong ideology about certain things with financial benefits, many people in the early years of Bitcoin taught it was a scam and missed the opportunity of owning lots of Bitcoin when it was less valuable then regretted later.

[Tungbulu]

I don't agree with you because Bitcoin is for everyone. Poor people can buy Bitcoin if they want. If you buy it with a little capital and keep it, it will be seen that after 2/3 years, there will be a lot of capital and Bitcoin will be bought. If you start small and according to your finances, you will see that the amount increases a lot.

And what if that poor person who has not income, no backup or emergency funds manages to buy some bitcoin through some money he managed to make off doing some tasks or jobs, and then decides to keep and cherish that bitcoin for at least 2 to 5 years, and then in the next month after buying that bitcoin, an emergency occurs, maybe there’s an urgent medical emergency and all he’s got is his Bitcoin, what do you think he would do in such situation? Forget about that Bitcoin, take up a loan to sort out that emergency? What would you do in such a situation?

[Mikky02]

Well said mate,  the difference isn't even about wealth, but about mindset these lines are well said it all depends on the mindset of an individual in creating wealth mostly when it involves in taking risk a lot of people might lose the willingness to get into it . Is quite understandable but shouldn't be the major reason not to give a try and the op said willingness to take risk, yes correct it shouldn't come from any pressure from friends or colleagues but one's willingness to try