Is Bitcoin Only For The Rich?

[Ishicryptic]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

It's sad that with the popularity of Bitcoin some people still think that it's investment is reserved for the very rich because 1 Bitcoin is in tens of dollars is quite near $100k, they see it as a very expensive investment and never cares to do some research. An ordinary person who is not rich that has a discretionary fund can enter Bitcoin investment according to what he can afford to buy with, thankfully Bitcoin has fractions which most people can afford to own. If you are on a steady income you can adopt the DCA strategy and consistently grow your bag within many years, Bitcoin is for everybody we should remember that before it was a store of value it was first a currency for everyone to us as payments

[PremiumcryptoHub]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

This is the main point that Bitcoin was created for everyone regardless of race but if you want to invest in Bitcoin, then you must start trying after creating a system to earn Naira. At this point, you have made a reasonable comment that buying Bitcoin requires only a discretionary income, in fact the investment will continue smoothly with whatever money we have left after paying all the dues. I mentioned this earlier that a Bitcoin can be divided into multiple parts or Satoshis, so buying that small part can also be a reasonable investor's move.

[Prince patrick]

No, Bitcoin is never only for the rich, but there is a saying that the rich are risk takers while the poor are always scared to take the risk. Yes, this is true, most people already have money before they invested in Bitcoin, which means they have enough already, sincerely, we don't expect a poor man with six children earning 150 thousand to invest in Bitcoin. You see? I guess the system is the problem, we call people poor because they can't invest in Bitcoin, they can't take risk. I don't think anyone is poor, they have been robbed by the system and they don't have an opportunity or I would say the government isn't giving them any opportunities, now it seems like only the rich should invest in Bitcoin, because they already have other means of generating income. Until the government create opportunities, then more people will start investing in Bitcoin.

[Son Of Blockchain (SOB)]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

It's sad that with the popularity of Bitcoin some people still think that it's investment is reserved for the very rich because 1 Bitcoin is in tens of dollars is quite near $100k, they see it as a very expensive investment and never cares to do some research. An ordinary person who is not rich that has a discretionary fund can enter Bitcoin investment according to what he can afford to buy with, thankfully Bitcoin has fractions which most people can afford to own. If you are on a steady income you can adopt the DCA strategy and consistently grow your bag within many years, Bitcoin is for everybody we should remember that before it was a store of value it was first a currency for everyone to us as payments

Such kind of mentality is what you should expect from someone that's ignorant, from the statement you’ll know the person saying that is clueless else, instead of bordering of the price and how to get 1 Bitcoin since he or she is not wealthy such person would used the DCA to buy gradually for years.
 Well more people are gradually being enlightened about Bitcoin so the number of ignorant people is reducing although they're still very much but most of them would regret not knowing earlier. If Bitcoin was only for the rich it won't had gain such adoption.

[Oyoyoma_yu]

If many of us had access sometime 2010, many of us would have become millionaires with less than just $10 investment in bitcoin, and that was how cheap Bitcoin was, and as at then even if someone is a begger, such person could have been able to still invest in bitcoin, today bitcoin has grown massively in price, but still bitcoin is still accessible, and affordable to everyone, and even people who are not rich but are experienced in the field of bitcoin investing can make more than a rich person without experience. Because of the price of bitcoin at present, you don't need to buy a whole bitcoin before you can commence your investment journey, but frequent investing will earn you good profit if you invest for long time.

[Somto9Light]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

This is the main point that Bitcoin was created for everyone regardless of race but if you want to invest in Bitcoin, then you must start trying after creating a system to earn Naira. At this point, you have made a reasonable comment that buying Bitcoin requires only a discretionary income, in fact the investment will continue smoothly with whatever money we have left after paying all the dues. I mentioned this earlier that a Bitcoin can be divided into multiple parts or Satoshis, so buying that small part can also be a reasonable investor's move.

You're right, the first thing we need to figure out before getting started with bitcoin investment is a source of income. even though it is not stable so long as it can create discretionary funds for you that's after paying all the dues, then it's fine.

For sure, no matter how small a person's discretionary income may be they can still Invest in bitcoin. it is not a must to buy one full bitcoin just like you said that we can start accumulating small part or stash of bitcoin then with time we would surely get to whatever stage we wish to get, those that intend to buy one full bitcoin and didn't have enough money to buy at once started accumulating little by little right now as we speak many of them are sleeping over one full bitcoin so it is just a matter of time and consistency matters alot.

[Bryan jessy]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

This is the main point that Bitcoin was created for everyone regardless of race but if you want to invest in Bitcoin, then you must start trying after creating a system to earn Naira. At this point, you have made a reasonable comment that buying Bitcoin requires only a discretionary income, in fact the investment will continue smoothly with whatever money we have left after paying all the dues. I mentioned this earlier that a Bitcoin can be divided into multiple parts or Satoshis, so buying that small part can also be a reasonable investor's move.

Till date some persons still sees Bitcoin investment as something that is meant only for the rich, one thing about investment is that if a person never made up his mind to start investing regardless of how much money he has he will never want to go into investment, there are lot of rich people who still have all it takes to start investing but they never believed on investment as their mind is not set on Bitcoin investment, or at times because of their view about Bitcoin investment, so most times is about people's perspective about Bitcoin investment no necessarily about the financial state; this entirely changes their mindset.

[Obari]

Think back to Bitcoin's early days when it was worth just pennies. If a poor folk and a rich folk had both invested at the same time, who do you think would have held on until now? Bitcoin offers a path to financial inclusion for everyone. It doesn't discriminate based on your bank account balance. Its true power lies in its accessibility and the opportunity it provides for anyone, rich or poor, to participate in a decentralized financial system.

To me, wether rich or poor, bitcoin acceptance is self dependent because we have seen the very rich and wealthy people who can't afford to invest their money in bitcoin because of fear of losing their money to system they don't understand and we have also seen and read stores of poor people who strive very hard to invest in bitcoin and even do these through DCA technique which allows them to buy bitcoin in small quantities without  paying attention to market conditions.

Bitcoin is not met just for a certain class of people but rather for all wether poor or rich and what matters is how  willing people are to accept the coin and project.

[Cgrexp]

In fact, the concept of Bitcoin investment and cash flow management is applicable to both rich and poor people. However, differences in environment, security and opportunities play a big role in their planning and implementation. Poor people have various adverse circumstances in their lives and often have to take additional risks due to insecure housing, power outages, floods and limited resources. Therefore, special precautions are needed to protect their private keys, electronic devices and information. There are many who are forced to keep their Bitcoin with a third party until they can safely take control of it. Poor people can also make better financial decisions than the rich through their intelligence, organization and preparation. Whereas the rich often become lazy by over-reliance on their wealth. Whatever the situation, proper preparation, regular backups and awareness are essential to protect one's wealth, information and future.

[Franctoshi]

Till date some persons still sees Bitcoin investment as something that is meant only for the rich, one thing about investment is that if a person never made up his mind to start investing regardless of how much money he has he will never want to go into investment, there are lot of rich people who still have all it takes to start investing but they never believed on investment as their mind is not set on Bitcoin investment, or at times because of their view about Bitcoin investment, so most times is about people's perspective about Bitcoin investment no necessarily about the financial state; this entirely changes their mindset.

Not everyone knows that Bitcoin is divisible; if you're outside and haven't really done research about Bitcoin, the response is usually that I don't have that kind of money to buy Bitcoin because it's expensive, whereas for people that know it's divisible, they think of it in the short term, and when they calculate the profit they will make, let's say if they invest $100, they will say it's not worth it, that it's better they use a more significant amount of money, making it seem like it's something meant only for the rich people.

[Abbatty]

Till date some persons still sees Bitcoin investment as something that is meant only for the rich, one thing about investment is that if a person never made up his mind to start investing regardless of how much money he has he will never want to go into investment, there are lot of rich people who still have all it takes to start investing but they never believed on investment as their mind is not set on Bitcoin investment, or at times because of their view about Bitcoin investment, so most times is about people's perspective about Bitcoin investment no necessarily about the financial state; this entirely changes their mindset.

Not everyone knows that Bitcoin is divisible; if you're outside and haven't really done research about Bitcoin, the response is usually that I don't have that kind of money to buy Bitcoin because it's expensive, whereas for people that know it's divisible, they think of it in the short term, and when they calculate the profit they will make, let's say if they invest $100, they will say it's not worth it, that it's better they use a more significant amount of money, making it seem like it's something meant only for the rich people.

That divisibility is what maje Bitcoin different from other investment, such as real estate and even stocks. The entry point of Bitcoin remains the cheapest of all investment, we have seen a lot of people start with as low as $10 or $15 to start there Bitcoin journey. In other investment you will be required to have at least thousands or even millions to even get started.

So I won’t say Bitcoin is only for the rich, bitcoin is for all classes, it now up to you to decided how much you want to start you investment with.

[Hardyrobust]

Till date some persons still sees Bitcoin investment as something that is meant only for the rich, one thing about investment is that if a person never made up his mind to start investing regardless of how much money he has he will never want to go into investment, there are lot of rich people who still have all it takes to start investing but they never believed on investment as their mind is not set on Bitcoin investment, or at times because of their view about Bitcoin investment, so most times is about people's perspective about Bitcoin investment no necessarily about the financial state; this entirely changes their mindset.

Not everyone knows that Bitcoin is divisible; if you're outside and haven't really done research about Bitcoin, the response is usually that I don't have that kind of money to buy Bitcoin because it's expensive, whereas for people that know it's divisible, they think of it in the short term, and when they calculate the profit they will make, let's say if they invest $100, they will say it's not worth it, that it's better they use a more significant amount of money, making it seem like it's something meant only for the rich people.

This is true, there are people that doesn't know that they can buy bitcoin in fractions . This is the reason why most people don't invest in bitcoin because they feel that they can only accumulate bitcoin in a whole and considering the price of 1 BTC. They would just decide to stay away from bitcoin, instead they will prefer to invest in alt coins that they feel the price is low.
Also those that thinks that bitcoin is meant for the rich alone doesn't understand that with consistency they can gradually build a good bitcoin holdings.

[Mr_Brilliant$]

Bitcoin investment is not only designed for the rich people in the society but to all and sundry. No matter one’s financial status you can still be able to buy and start bitcoin investment as what you only need to start buying bitcoin is just a discretionary income. And couple with the fact that the DCA method of investing in bitcoin helps people to buy bitcoin gradually with any amount either weekly or monthly basis which means that if you don’t buy this week or month due to lack of money, you can still buy in subsequent weeks or months when you’re able to figure out a discretionary income and hold for long term

Like, Bitcoin na investment, nor be one luxury item were only the rich fit afford to buy.. Na investment were with even your small capital, you go fit start something..
And the main this for Bitcoin be say just start, if you fit start then you’re good to go. And the approach of investing don even easy with DCA, DCAing Dey enable investors were get small funds, to start bitcoin investment.
So as a newbie were dey look forward to start dey invest for Bitcion, nor let anybody confuse you, start from the point were you dey and and scale up progressively..

[MorganaX]

Bitcoin is not only for the rich, even those that are not financially boyant enough can invest in it using the DCA strategy, although it takes those that are disciplined and patient to be able to invest using this strategy but I'm the long run it can be very profitable. A lot of people limit themselves to the thought that Bitcoin is just meant for the rich and they use this excuse to discourage themselves not to invest in it.

I think the mindset has a huge role to play in this, that's the more reason why it is important to educate yourself if you are not really knowledgeable about crypto currency in general, not just Bitcoin. It is important to prioritize gaining knowledge over investment at a particular phase.

[Homemade-IQ]

If many of us had access sometime 2010, many of us would have become millionaires with less than just $10 investment in bitcoin, and that was how cheap Bitcoin was, 

I do not agree with you on this because fear has been the problem of almost all bitcoin investor. You are saying that most people would have invested and become a millionaire by now if they had access to it then, but I am sure that you will not want to risk your money on it because it has not made any name for itself that particular time, so people are afraid. I do not agree that people do not have access to it that time, because the best word you should be using is that people were ignorant about it and it potential, so your statement there is not true.

[Versatile_choice]

If many of us had access sometime 2010, many of us would have become millionaires with less than just $10 investment in bitcoin, and that was how cheap Bitcoin was, 

I do not agree with you on this because fear has been the problem of almost all bitcoin investor. You are saying that most people would have invested and become a millionaire by now if they had access to it then, but I am sure that you will not want to risk your money on it because it has not made any name for itself that particular time, so people are afraid. I do not agree that people do not have access to it that time, because the best word you should be using is that people were ignorant about it and it potential, so your statement there is not true.

But there are people who Invested in bitcoin back then, not that they knew that the price will goes up they just use it as experiment then with time they began to see improvement and that's what motivates them to keep holding their bitcoin. There are also some Investors who sold thier bitcoin along the line when they discovered that they are in profit, they feel that if they leave it that it might go down just like those shitcoin so they decided to sell, while there are people who are patient in holding their bitcoin even though they had no prove that bitcoin will grow even more in the future.

  Yes not that people didn't have access to buy bitcoin then of course the crypto market was wildly open for everyone but only few Invested.

[Merit_x]

I think it depends on what you’re talking about, bitcoin is for everyone and not only for the rich, as long as you have a discretionary income you can always accumulate bitcoin, I think the most important thing we should consider is do we have a source of income, it’s only when we have a source of income, and then after taking care of all our needs then we can start buying bitcoin if we have figured out our discretionary .

[letteredhub]

I think it depends on what you’re talking about, bitcoin is for everyone and not only for the rich, as long as you have a discretionary income you can always accumulate bitcoin, I think the most important thing we should consider is do we have a source of income, it’s only when we have a source of income, and then after taking care of all our needs then we can start buying bitcoin if we have figured out our discretionary .

Having a source of income flow should be what every man has to endeavour to make and keep active for his sustainability. From income comes discretionary funds that could be used for investment or just any other purposes after basic expenses has being covered. The main reason why a lot of people don't succeed with their bitcoin investment because in most cases they do it without having any means of reliable income and in any emergency they fall back to their bitcoin investment, killing it before it could even mature.

Hence, when this failures are encountered base on wrong investment approach, the mindset is then that bitcoin is for the ric, which really is a wrong conception about bitcoin as an asset that is open for all to access and possess in the quantity as much as they can without systemic controls.

[Sunshine1525]

I think it depends on what you’re talking about, bitcoin is for everyone and not only for the rich, as long as you have a discretionary income you can always accumulate bitcoin, I think the most important thing we should consider is do we have a source of income, it’s only when we have a source of income, and then after taking care of all our needs then we can start buying bitcoin if we have figured out our discretionary .

Having a source of income flow should be what every man has to endeavour to make and keep active for his sustainability. From income comes discretionary funds that could be used for investment or just any other purposes after basic expenses has being covered. The main reason why a lot of people don't succeed with their bitcoin investment because in most cases they do it without having any means of reliable income and in any emergency they fall back to their bitcoin investment, killing it before it could even mature.

Hence, when this failures are encountered base on wrong investment approach, the mindset is then that bitcoin is for the ric, which really is a wrong conception about bitcoin as an asset that is open for all to access and possess in the quantity as much as they can without systemic controls.

Not only men, all genders cause men are not the only ones that should have a source of income, women do have their needs and shouldn't be fully dependent on a man to solve it, whether single or married women, and because Bitcoin isn't gender based is a good reason why women too should have steady flow of income to sustain their investment it.

Asides that, every other thing you’ve said is spot on cause being able to generate discretionary income is cool but making it sustainable is more better, which can be possible by having a good income flow.

[Youngrebel]

Bitcoin isn't only for the rich because there would be no point of introducing it to others if only Rich people can invest in it, Bitcoin is actually universal, meaning that it is meant for everyone to participate but the only thing people need to understand is that for you to invest in Bitcoin without struggling you need to have a source of income.

You don't have to be rich to be able to invest in it, this is why the DCA strategy is designed for mainly for those that don't have much, this gives you an easier investment plan that you can use to accumulate Bitcoin but it's about being patient, not everyone can be disciplined enough for that.