Rich have more opportunities than the poor when it comes to bitcoin accumulation

[Fiatless]

Low profit due to the small capital invested, pressure to sell due to emergencies and urgent 2k which are the reasons why the poor are disadvantage in bitcoin investment. But let's not also forget that there are few percent of the poor that had made it to the top. And where able to rise to the top, they didn't sell their coin for urgent 2k, they did not think about the present nor stomach infrastructure rather they were discipline to hold their coin. And this action lead to their breakthrough. BITCOIN WITH DISCIPLINE ACCUMULATE IRRESPECTIVE OF THE AMOUNT.

Poor people can still achieve much through Bitcoin investment.  This set of people might accumulate Bitcoin using DCA and were able to hold for a long time. It's all about planning, discipline and sacrifice. They were able ot have a budget, cut unnecessary expenses, and sacrifice pleasure. The rich can easily invest in any business or asset, the poor can still achieve that but it would take an extraordinary effort.

[cxtreenal]

There should be no question about its fairness. The rich are ahead in every aspect of society. Just as they are far ahead in terms of wealth accumulation, their influence in society is much greater than that of the poor. The poor want to acquire wealth but if they are historically poor they have to win the jackpot or work hard to acquire wealth.

Anyone, regardless of rich or poor, can increase their financial well-being by investing in Bitcoin. Along with increasing your source of income through hard work, you can also increase your holdings by accumulating Bitcoin.

Since the rich do not lack money, their desire to get money is strong, so they can allocate a lot of money for investment. In my opinion, you should focus on investing in Bitcoin based on your own financial capabilities rather than focusing on high level people.

[icebar]

Since the rich do not lack money, their desire to get money is strong, so they can allocate a lot of money for investment. In my opinion, you should focus on investing in Bitcoin based on your own financial capabilities rather than focusing on high level people.

It is true that the rich naturally have a big advantage in accumulating Bitcoin compared to the poor. If a rich person wants, he can use the money he has to invest in Bitcoin, but if the poor person wants, it is not possible because he has to try to invest with the remaining money after managing his family. A rich person is able to take risks at any time, but a poor person will not be able to take risks even if he wants.

Moreover, when the price of Bitcoin decreases drastically, even if a rich person wants to buy more Bitcoin at that time, the poor will not be able to use more of the money he has. That is why I see more opportunities for the rich to accumulate Bitcoin than the poor in all cases.

Even a poor person, if he wishes, will definitely benefit if he continues to accumulate Bitcoins by doing DCA for a long time. Of course, everyone should pay attention to accumulating Bitcoin, considering their own financial situation.

[Jostern]

Low profit due to the small capital invested, pressure to sell due to emergencies and urgent 2k which are the reasons why the poor are disadvantage in bitcoin investment. But let's not also forget that there are few percent of the poor that had made it to the top. And where able to rise to the top, they didn't sell their coin for urgent 2k, they did not think about the present nor stomach infrastructure rather they were discipline to hold their coin. And this action lead to their breakthrough. BITCOIN WITH DISCIPLINE ACCUMULATE IRRESPECTIVE OF THE AMOUNT.

Poor people can still achieve much through Bitcoin investment.  This set of people might accumulate Bitcoin using DCA and were able to hold for a long time. It's all about planning, discipline and sacrifice. They were able ot have a budget, cut unnecessary expenses, and sacrifice pleasure. The rich can easily invest in any business or asset, the poor can still achieve that but it would take an extraordinary effort.

But the obvious truth is that rich people have an advantage of accumulating more bitcoin into their bitcoin, because when you have money you can be comfortable in buying any amount of bitcoin into your portfolio and you can even decide to even front load and buy through lump sum, but it’s still understandable that the poor can still buy and accumulate bitcoins by buying and accumulating little by little and buying through the DCA when we have a discretionary income.

So it’s true that poor people can still achieve a lot when it comes to buying and accumulating bitcoins, but I think the difference is that rich people would be able to buy more bitcoins in a large quantity, and would have the opportunity of having a large Bitcoin portfolio, most rich people doesn’t have that motivation to also buy more bitcoins, so sometimes it doesn’t really matter that much when it comes to being rich and poor and investing in bitcoin, But someone that is rich and wants to buy bitcoin would have more advantages with more financial productivity and more cashflow.

[programmer3666]

Low profit due to the small capital invested, pressure to sell due to emergencies and urgent 2k which are the reasons why the poor are disadvantage in bitcoin investment. But let's not also forget that there are few percent of the poor that had made it to the top. And where able to rise to the top, they didn't sell their coin for urgent 2k, they did not think about the present nor stomach infrastructure rather they were discipline to hold their coin. And this action lead to their breakthrough. BITCOIN WITH DISCIPLINE ACCUMULATE IRRESPECTIVE OF THE AMOUNT.

Poor people can still achieve much through Bitcoin investment.  This set of people might accumulate Bitcoin using DCA and were able to hold for a long time. It's all about planning, discipline and sacrifice. They were able ot have a budget, cut unnecessary expenses, and sacrifice pleasure. The rich can easily invest in any business or asset, the poor can still achieve that but it would take an extraordinary effort.

the rich sure have an advantage because they can buy more Bitcoin at once without worrying about small profits or emergencies along the way. but i also agree that poor people are not completely shut out of the crypto space. because with discipline, even small amounts can grow over time that is why i personally value compound trading. things like cutting unnecessary spending and holding long term can make a huge difference. it is not easy truth be told!! because emergencies and urgent 2k moments can surely push many people to sell early, but those who stay patient usually see results for sure.

[Localhostspeed]

So it’s true that poor people can still achieve a lot when it comes to buying and accumulating bitcoins, but I think the difference is that rich people would be able to buy more bitcoins in a large quantity, and would have the opportunity of having a large Bitcoin portfolio, most rich people doesn’t have that motivation to also buy more bitcoins, so sometimes it doesn’t really matter that much when it comes to being rich and poor and investing in bitcoin, But someone that is rich and wants to buy bitcoin would have more advantages with more financial productivity and more cashflow.

The rich has the exponential to buy an amount of Bitcoin in bulk at a particular time but the poor will have to use different methods to buy small amounts of Bitcoin in sats until they are able to achieve their goal. Another disadvantage about been poor person is that you can have Bitcoin but when you run into a problem as a poor person, the next thing that comes to your mind is to sell immediately, worst about the investment is that you may even sell it at loss.

Bitcoin make equality for rich person and poor person but the power to buy will never be the same. Assuming ir was when Bitcoin was still cheap, it would have been easy for everyone. The rich will have more but after some years. I don't think the poor will be poor again if they hold it.

[Tungbulu]

the rich sure have an advantage because they can buy more Bitcoin at once without worrying about small profits or emergencies along the way. but i also agree that poor people are not completely shut out of the crypto space. because with discipline, even small amounts can grow over time that is why i personally value compound trading. things like cutting unnecessary spending and holding long term can make a huge difference. it is not easy truth be told!! because emergencies and urgent 2k moments can surely push many people to sell early, but those who stay patient usually see results for sure.

And that is why it is very important for every investor to have a solid Emergency fund, as well as other backup funds because emergencies are inevitable and could pop up at any time, and if that happens and there is no financial safety net in place to combat those emergencies or unexpected expenses, then surely the only option would either be to sell off your coins prematurely or opt for a loan that could probably be difficult for you to meet up with.

[Bigjoe33]

 But let's not also forget that there are few percent of the poor that had made it to the top. And where able to rise to the top, they didn't sell their coin for urgent 2k, they did not think about the present nor stomach infrastructure rather they were discipline to hold their coin. And this action lead to their breakthrough. BITCOIN WITH DISCIPLINE ACCUMULATE IRRESPECTIVE OF THE AMOUNT.

Your point is not disputed, but that's not the context here. This topic is not talking about persistence or consistency nor discipline in Bitcoin accumulation. We are ordinarily looking at the privilege and strength of acquiring Bitcoin at an interval or continuously between the rich and the poor.

Ordinarily, we can't compare a investor who earns $100k weekly income and another investor that earns $100 weekly. You can see that the difference is very clear and so will also reflect in their accumulation power and number of stacked Bitcoin. While the big guy is accumulating enough quantity weekly because he has enough discretionary and or has enough reserve funds to buy the Dip, the other is busy struggling to meet up with the little left from his discretionary to do DCA.

The fact is clear and straightforward, the rich has an edge over the poor, both in investment, daily business and or normal life encounter. Money is always needed to advance higher and move with speed, and the amount you have atvyiur disposal keeps you ahead in the business world when it comes to acquiring more wealth.

[ejikeme24]

It is said that bitcoin is also a means of investment used around the world,but if one want to invest it will be someone who has a means or source of income because investment can't take place the person having means or source to.That means the poor people can't invest because they don't have the source of income to make an investment and t left for the the rich ones only (is that true?).

Don't be deceive by those people who are going around to campaign that bitcoin is for the Rich people, what did they even know about rich. Being rich does not only  mean that you will own estate drive new cars build houses in different places. If you have enough money to take care of your bills you won't be considered as a poor man.

Most of the people you see today does not depend on job they're self employed, yet they're still surviving. Not having a source of income can not stop you From making your bitcoin investment that's for those that really know what they want, because I have seen Alot of people going into side hustle just to get what they want.

[Obulis]

For sure, the rich without doubts have a great advantage in accumulating Bitcoin due to high spendable income.  Anyway , accessibility is one core in Bitcoin.  Different from traditional assets demanding big capital, Bitcoin divisible nature into tiny amounts (sats) allows anyone to start with amount they can afford.  The poor can still participate tangibly, although the wealthy can have more. Consistency through DCA "dollar-cost averaging" can become significant over time making it a path to financial inclusion hardly seen in traditional systems.  Somehow the proportional opportunities is the point since ordinarily there can't be equal outcome..

[Wiwo]

Nah, it is not said about bitcoin being an investment opportunity, It is the reality. Then again, it should be easily understood that rich people, having a lot more resources can afford to invest in whatever they want without breaking the bank.
To accumulate anything worth gathering and stashing away, the rich, having the obvious advantage of some deep pockets, would be ahead every single time.
It's not a race to see who can get more bitcoin. Get what you can afford to at the moment. It would still be there when there is more money to get some more.

The ability for someone to get bitcoin in bits is the most exciting thing about bitcoin accumulations, most of the times we have seen few newbies making that assumptions that look very incorrect because as far as bitcoin accumulations is concerned, anyone can actually invest any amount of money as far as there is desire to do so.

So is not necessarily that one need alot of money before you can invest in bitcoin, one can start right away with whatever amiu you your have available infact is better to start small small and accumulate all the way up.

[Makus]

Yes now, Na normal thing wey no even stop for Bitcoin alone, e dey happen for every kind financial investment. That is why people always talk say the rich get richer and the poor get poorer…   Them get capital, them fit buy dip heavy, hold long term without shaking, while the average person dey struggle with small small entry…

But the funny part be say, na only the smart and consistent brokie dey break through..  If you sabi accumulate steady, dey learn, and no rush sell at every small profit, you fit even outsmart some rich folks wey dey careless with their moves…

[Tmoonz]

 But let's not also forget that there are few percent of the poor that had made it to the top. And where able to rise to the top, they didn't sell their coin for urgent 2k, they did not think about the present nor stomach infrastructure rather they were discipline to hold their coin. And this action lead to their breakthrough. BITCOIN WITH DISCIPLINE ACCUMULATE IRRESPECTIVE OF THE AMOUNT.

Your point is not disputed, but that's not the context here. This topic is not talking about persistence or consistency nor discipline in Bitcoin accumulation. We are ordinarily looking at the privilege and strength of acquiring Bitcoin at an interval or continuously between the rich and the poor.

Ordinarily, we can't compare a investor who earns $100k weekly income and another investor that earns $100 weekly. You can see that the difference is very clear and so will also reflect in their accumulation power and number of stacked Bitcoin. While the big guy is accumulating enough quantity weekly because he has enough discretionary and or has enough reserve funds to buy the Dip, the other is busy struggling to meet up with the little left from his discretionary to do DCA.

The fact is clear and straightforward, the rich has an edge over the poor, both in investment, daily business and or normal life encounter. Money is always needed to advance higher and move with speed, and the amount you have atvyiur disposal keeps you ahead in the business world when it comes to acquiring more wealth.

At some point what different investors earns on the weekly or monthly basis doesn't matter so much what matters most is the level of their discretionary income at the end of the week or month, the differing in their accumulation power depends on the level of their discretionary income and that of which they can make available for investment, people have what they consider to be there basic needs and this can differ from people to another and until this basic needs are being taken care of before they can have a left over cash for investment, you can be earning more than me but I can have less expenses to make than you making me to have more discretionary income and accumulation power than you so you see that it is not only about earning more than the other you also have to consider the outcome of their discretionary income which influences the accumulation power as well, though am not doubting the flexibilities a more wealth person can have over the other but certain consideration too have to be made.

[rachael9385]

It is said that bitcoin is also a means of investment used around the world,but if one want to invest it will be someone who has a means or source of income because investment can't take place the person having means or source to.That means the poor people can't invest because they don't have the source of income to make an investment and t left for the the rich ones only (is that true?).

However, it is also meant for both the rich and the poor, but it seems only the rich people have the oppotunty to achive more bitcoin than the poor because they have a source of income which makes me say that the poor cam only accumulate limited Bitcoin.

Although bitcoin can be a good store of value so when though people without a good source of income buy Bitcoin with their small amount of money, in the future they will make little profits.
So do you agree with me that the rich have more advantage to accumulate more Bitcoin than the poor?

The rich have more opportunities to make more money, for someone that's poor it might be difficult to invest in Bitcoin due to lack of capital. But it's not always about having a lot of money to invest, there are people that end up incurring a lot of losses because they lack discipline, knowledge and patience. Having the resources to invest is important but that's not the only thing that's needed. You can start accumulating whatever you have with proper knowledge and discipline you can achieve something, not everyone that started this investment had a huge capital, you can start with whatever you have and grow

[AmaGold70]

It is said that bitcoin is also a means of investment used around the world,but if one want to invest it will be someone who has a means or source of income because investment can't take place the person having means or source to.That means the poor people can't invest because they don't have the source of income to make an investment and t left for the the rich ones only (is that true?).

However, it is also meant for both the rich and the poor, but it seems only the rich people have the oppotunty to achive more bitcoin than the poor because they have a source of income which makes me say that the poor cam only accumulate limited Bitcoin.

Although bitcoin can be a good store of value so when though people without a good source of income buy Bitcoin with their small amount of money, in the future they will make little profits.
So do you agree with me that the rich have more advantage to accumulate more Bitcoin than the poor?

This one na obvious true wey everybody know, to accumulate Bitcoin mean say you get money to do so and as Bitcoin dey expensive like this na mostly rich people dey accumulate more. True true Bitcoin na for both the rich and the poor but the rich finds am easy to hold more while the poor go dey struggle to hold. E get way wey poor people go still buy Bitcoin but no be still every poor person go still dey able to afford, the rich just get advantage to everything in life and no be just for Bitcoin investment matter, e no really dey easy for the poor because even after you don manage to hold small amount of Bitcoin you go still need a steady source of income so that you no go fit sell your Bitcoin at the wrong time to take survive.

[Somto9Light]

For sure, the rich without doubts have a great advantage in accumulating Bitcoin due to high spendable income.  Anyway , accessibility is one core in Bitcoin.  Different from traditional assets demanding big capital, Bitcoin divisible nature into tiny amounts (sats) allows anyone to start with amount they can afford.  The poor can still participate tangibly, although the wealthy can have more. Consistency through DCA "dollar-cost averaging" can become significant over time making it a path to financial inclusion hardly seen in traditional systems.  Somehow the proportional opportunities is the point since ordinarily there can't be equal outcome..

This is not about what you spend or whatever, because those things you're pointing at does not count. What you need to get started with bitcoin investment is your discretionary fund, if you have a discretionary fund whether you're rich or poor you're free to get started no matter how small it is. So spending or whatever you said does not have anything to do with bitcoin investment, and I want you to know that majority of this people you think they're poor is even determined more than most of this people that is proclaiming to be Rich, that's in terms of bitcoin Investment. So you can't possibly say that the Rich have more advantage than the poor rather the best answer to the question is that it depends.

[Cgrexp]

It is said that bitcoin is also a means of investment used around the world,but if one want to invest it will be someone who has a means or source of income because investment can't take place the person having means or source to.That means the poor people can't invest because they don't have the source of income to make an investment and t left for the the rich ones only (is that true?).

However, it is also meant for both the rich and the poor, but it seems only the rich people have the oppotunty to achive more bitcoin than the poor because they have a source of income which makes me say that the poor cam only accumulate limited Bitcoin.

Although bitcoin can be a good store of value so when though people without a good source of income buy Bitcoin with their small amount of money, in the future they will make little profits.
So do you agree with me that the rich have more advantage to accumulate more Bitcoin than the poor?

The rich have a relatively high financial capacity. Their income is high, so they can invest large amounts and take investment risks. But that doesn't mean Bitcoin is only for the rich. We know that Bitcoin is an asset where people of any income can deposit money step by step according to their ability. In this case, someone can invest $10 if they want. Bitcoin was created as an alternative to a centralized financial system. Where we don't have to ask permission from anyone. Here everyone controls everyone's money themselves. It may not be possible for those who are financially backward to invest large amounts. But if they regularly invest small amounts in the DCA method and hold it for a long time, they can gradually move towards financial independence. If a poor person converts $5,000 into Bitcoin and it doubles, it makes a big difference in his real life. Therefore, Bitcoin acts as a possibility for creating financial equality and impact for the poor. Although the rich have more capital, the poor also have a role in Bitcoin.  The DCA method is an effective way for the poor to create the potential for wealth creation with little money.

[B-BossMan]

You really have a point here, OP, but one thing I will keep saying concerning these issues of rich and poor in Bitcoin investment is that this Bitcoin wasn't created for only the rich or the poor, Bitcoin was created for everyone and is also available and accessible for everyone regardless of how wealthy an individual may be. Actually. Someone with a higher source of funds capability tends to have huge advantages or the opportunity to invest large amounts and accumulate huge amounts of Bitcoin.

The rich ones always use this privilege to invest more funds and take advantage of market fluctuations to be able to gain higher profits in Bitcoin investment. However, people with fewer funds or limited sources of income can only be able to invest small amounts of money or rather go for the DCA strategy method. Moreover, Bitcoin investment depends on your financial capacity standard, it's not necessarily about whether you are rich or poor.

[Lolipo]

Do we think there are people who are actually born to be poor, Bitcoin is for everybody, I have seen poor people who takes risk more than rich people. Now self poor people tend to take more risk more than the rich because they have already made up there mind if they die let them die. Why it look as if the rich have more opportunities in Bitcoin than the poor is just the the rich have the money already so they can invest what the poor is struggling to get. So I think if the poor also make the money they will also have opportunities, though at times mentality matters too.

[cxtreenal]

Do we think there are people who are actually born to be poor, Bitcoin is for everybody, I have seen poor people who takes risk more than rich people. Now self poor people tend to take more risk more than the rich because they have already made up there mind if they die let them die. Why it look as if the rich have more opportunities in Bitcoin than the poor is just the the rich have the money already so they can invest what the poor is struggling to get. So I think if the poor also make the money they will also have opportunities, though at times mentality matters too.

There are many poor people who take much more risks than the rich because they already know that poverty has become a part of their lives and are not willing to give up to become rich. They also make every effort to win against poverty. Is poverty really born to remain poor for some communities? I think that hard work can bring the poor community to a financially strong position. The rich have many opportunities to accumulate Bitcoin, they can use any strategy to hold Bitcoin. The investment picture of the poor is strategically exactly the opposite. But in terms of long-term Bitcoin accumulation, poor investors can be ahead of the rich because they have a mental inclination to become rich, they accumulate Bitcoin from their discretionary income. The poor are trying to be equal to the rich and are fighting but not everyone can win this fight. By combining scattered efforts, he gradually becomes rich. Long term Bitcoin mentality is important.