Do not judge the book by its cover

[Achalugo BTC]

One of the unique features that Bitcoin has, that made Bitcoin the most desired store of value is the ability for those holding it to remain private and free from public noticed.


So for that reason you don't know who is holding Bitcoin unless those that let you know and shows you they Bitcoin holdings, unlike physical businesses like hotels, real estate and others you don't need to tell people you own them before they know, but Bitcoin is not like that because of the privacy that comes with it.

Absolutely, because not everyone has the habit or the attitude to show off, so holding Bitcoin makes happy that most people can't predict their lives and this helps them to avoid unnecessary charges or billing and also avoiding spending much, this way also help others to be able to navigate through challenges and be able to achieve their financial goals.

[Alone055]

I believe by now we should already be aware that decentralization has suddenly become centralization when it comes to the Blockchain network wherein Bitcoin as a currency has value. Meaning that, there are more regulations and regulatory agencies who make it their duty to investigate every Bitcoin investor, every Bitcoin investment is recorded on the Blockchain ledger for all to see, and there's KYC which of course makes decentralization, centralization and visible to online eyes, not offline eyes who may never guess at all.

Decentralization is not when no one can see the transactions or the actions performed; it's when no one controls those actions or transactions, or has a say in them. You are wrong when you say or think that decentralization has turned to centralization only because there are regulations and the authorities are watching the transactions made and linking them to people so that they can tax them, etc. This is not called centralization, this is just regulations, and they are surely going to happen when something is made legal by the law, no matter what country it is. Remember, they can't have control over the network; they can only watch what happens inside of it.

And not to mention, they can only connect your identity to your Bitcoin transactions in the blockchain if you have made transactions from and to your wallet with a centralized or KYCed service you use. For example, if you use Binance and have your identity verified there, and then you have a wallet in Electrum where you hold your Bitcoin. If you make a transaction from your wallet to your Binance account or vice versa, that will reveal your identity, but if you use decentralized services like Bisq, no one would ever know that wallet belongs to you even though they can see the transactions or the Bitcoin you hold in it.

[Wind_FURY]

Bitcoin may be expensive if you ask the real cost of each coin, but since it can be bought portion by portion, then the cost you’ll gonna pay may not be so high. And that opens equal opportunity to everyone to buy bitcoin regardless of your social status, or whether you have a white collar job or a jobless one.

Simply put, bitcoin does not set limits from its owners, that’s why everyone got interested with bitcoin because it’s an investment for everyone. And the best thing is, you can invest as much as you want because of its anonymity and privacy.

But is "1 Bitcoin" actually its lowest unit?

No.

The network's lowest unit is a "Satoshi" or also called a "Sat", and there are some people in the Bitcoin community that are suggesting that Bitcoin wallets should use "Sat" as the default denomination for Bitcoin.

1 Sat is currently only $0.0012. Stay humble, stack sats.

[MusaPk]

But is "1 Bitcoin" actually its lowest unit?

No.

The network's lowest unit is a "Satoshi" or also called a "Sat", and there are some people in the Bitcoin community that are suggesting that Bitcoin wallets should use "Sat" as the default denomination for Bitcoin.

1 Sat is currently only $0.0012. Stay humble, stack sats.

That's really what we need to focus on. One Bitcoin right now is 115k$ and it's very difficult for majority of us to buy one complete Bitcoin. But that's not the end of the story because still we can make profit from Bitcoin by buying and holding Sat's in our wallets. These 'Sat's' have made Bitcoin in the approach of everyone, specially those who are entering into Bitcoin these days. Without Sat's, Bitcoin will now only be limited to rich guys.   

[Mahiyammahi]

In fact, it may be different. Many times we assume that Bitcoin is only a game for the rich, but the reality is different. Not all those who are in Bitcoin are rich or “finance bro” types. Many may be living a very simple life, whose main goal is to survive at the end of the month, they are also investing in Bitcoin.

This proves that Bitcoin is not for a specific class, but for everyone. Starting from a rickshaw puller to a junior office employee, even a small savings can be made and enter Bitcoin. So it is not just a game of money, but a place of faith and hope.

I think Bitcoin really brings a sense of equality among people rich, poor, educated or uneducated by putting everyone on the same platform. This is the real power of Bitcoin.

[Rockstarguy]

Normally, investing in Bitcoin, you don't need to tell people the precise amount you have; it is an investment that you should keep private because letting people know about it won't add anything positive to the investment. Instead, it can even be a risk, as criminals may come after you.

Investing in Bitcoin is not something that only the rich can do; anybody can invest in Bitcoin as long as you understand it, are ready to invest, and have a source of income to depend on. There is no point in being surprised to see someone who is earning low invest in Bitcoin. Real Bitcoin investors don't make noise; it is only those who just want to show off who give people the impression they have Bitcoin.

[uchegod-21]

Normally, investing in Bitcoin, you don't need to tell people the precise amount you have; it is an investment that you should keep private because letting people know about it won't add anything positive to the investment. Instead, it can even be a risk, as criminals may come after you.

Some bitcoiners are funny, always trying to prove a point with their investments and exposing themselves to unnecessary risks.  We don't care about how much bitcoin anyone owns and what they do with their bitcoins. Bitcoin is all about privacy and it should be best if bitcoiners will treat it this way for their own safety and the safety of their loved ones. Investing in bitcoin is a personal race, no one cares if we expose ourselves or not, except for criminals who are looking for preys.

[Plaguedeath]

Some bitcoiners are funny, always trying to prove a point with their investments and exposing themselves to unnecessary risks.  We don't care about how much bitcoin anyone owns and what they do with their bitcoins. Bitcoin is all about privacy and it should be best if bitcoiners will treat it this way for their own safety and the safety of their loved ones. Investing in bitcoin is a personal race, no one cares if we expose ourselves or not, except for criminals who are looking for preys.

Actually people cares.

People usually ask where we work, how much we earn and how do we use our money, there's always something they will complain after that. If they know you life is better than them, they will ask you to help them, otherwise they will hate you. If you actually have worse life than them, they will be grateful.

Well some Bitcoiners are trying to be the smartest compared to other people who invest their money in other assets.

[Butterfan]

Actually people cares.

People usually ask where we work, how much we earn and how do we use our money, there's always something they will complain after that. If they know you life is better than them, they will ask you to help them, otherwise they will hate you. If you actually have worse life than them, they will be grateful.

Well some Bitcoiners are trying to be the smartest compared to other people who invest their money in other assets.

I understand what you mean by some bitcoiners taking it as a race to prove their possession. It is ironic that the primary advantage of Bitcoin is privacy, but others are ready to give it up to show their balances or tell about their profits. Such a practise only attracts the attention of scammers or even worse.

Meanwhile, it is factual that people are very much concerned about money, particularly regarding social relations. Curiosity, jealousy, and simple comparison, people tend to judge others in terms of what they possess or lack. However, as you mentioned, crypto investment is not a competition but a long-term investment in Bitcoin and security.

Being humble, ensuring privacy, and acknowledging the fact that all people are different would make the space healthier. It is not about proving that you are a better person than the other person, but being smart with your money and safe with your information.

[ZAINmalik75]

Some bitcoiners are funny, always trying to prove a point with their investments and exposing themselves to unnecessary risks.  We don't care about how much bitcoin anyone owns and what they do with their bitcoins. Bitcoin is all about privacy and it should be best if bitcoiners will treat it this way for their own safety and the safety of their loved ones. Investing in bitcoin is a personal race, no one cares if we expose ourselves or not, except for criminals who are looking for preys.

Even if we put aside the threat against criminals and evil eyes, it's still not a good idea to let anyone know about your investments or your financial activities, and this is not only about Bitcoin and cryptocurrencies but in general, too. If someone is doing well, they are earning good money, they should try to elevate their lifestyle slowly so that they are not immediately marked by people and the changes are seen immediately, which will make everyone think that they are wealthy, they won't even need to be told because they can clearly see it.

These days, no one is your well-wisher other than your parents, even some parents are not good with their children unless they are making good money. They will always be against you until you make it, but when you make it, you don't need to show-off and tell everyone about it, keep it to yourself, and live your life your way instead of thinking that you need some sort of approval from the world for what you've become, because you don't.

[dezoel]

Stack Sats is a great name for an app or something if anyone wants it lol. I mean considering all these small jobs give very low returns, sats could actually be a great one. Imagine a job, where you just watch videos and all, and do fill surveys and whatever other small stuff like that. And they pay you 1 sat for each of them. You can actually make a decent income monthly with that.

And I am sure there will be bot farms, with 100+ phones, doing it all day everyday, automatically. Everyone wins. Well the marketing guys do not win, but at least they can provide something to the people who hired them, which is high numbers. So basically, Stack Sats is actually a great business idea for someone, or at least branding name.

[uchegod-21]

Some bitcoiners are funny, always trying to prove a point with their investments and exposing themselves to unnecessary risks.  We don't care about how much bitcoin anyone owns and what they do with their bitcoins. Bitcoin is all about privacy and it should be best if bitcoiners will treat it this way for their own safety and the safety of their loved ones. Investing in bitcoin is a personal race, no one cares if we expose ourselves or not, except for criminals who are looking for preys.

Actually people cares.

People usually ask where we work, how much we earn and how do we use our money, there's always something they will complain after that. If they know you life is better than them, they will ask you to help them, otherwise they will hate you. If you actually have worse life than them, they will be grateful.

Well some Bitcoiners are trying to be the smartest compared to other people who invest their money in other assets.

From this your explanation, does it really show that they truly care? They just want to use you until they leave you with nothing. Real people know that's fake love. Anyone who really wants to learn about bitcoin will focus only on what he wants to learn and not try to overstep their boundaries by trying to know private information about my finances. Why should it be anyone's business how much bitcoin I own?

These days, no one is your well-wisher other than your parents, even some parents are not good with their children unless they are making good money. They will always be against you until you make it, but when you make it, you don't need to show-off and tell everyone about it, keep it to yourself, and live your life your way instead of thinking that you need some sort of approval from the world for what you've become, because you don't.

Yes truly we can't trust those who flock around us when they perceive we have money. They are only coming around for themselves and not us. Expose too much information about yourself to the public and see them use that information against you. Financial matters should be treated with a high level of discipline and secrecy.

[Abu-Naim]

Some people might visualize bitcoin supporters as those who wear suits and look like finance bros. People might think that you must be so rich and educated to work in something related to bitcoin or invest in bitcoin. But some of you may be shocked that this is not the case at all. Even the most normal people whom you will never think is into bitcoin can be into bitcoin.

You may encounter someone who may not look so rich and only living a quite comfortable life but not totally a luxurious one that is into bitcoin. This is how I believe that bitcoin is indeed for everyone because it is not only the rich ones are into bitcoin nowadays.

Bitcoin has nothing to do with your status in your community or anywhere, it doesn’t need a person that is a public figure to invest in, it is open for everyone including small children as far as they can understand the concept and have their money to buy and hold for investment purposes instead of leaving your money in centralized institutions like banks that will affect its value due to inflation.

Normal average people are the most people that are enjoying Bitcoin investments, and most of them that have the opportunity to invest when Bitcoin price is still affordable are now using this same Bitcoin to overtake people that were looking down on them now that Bitcoin price is high.
Invest now and enjoy the profit letter in the future because Bitcoin price can go up anytime.

[Wind_FURY]

But is "1 Bitcoin" actually its lowest unit?

No.

The network's lowest unit is a "Satoshi" or also called a "Sat", and there are some people in the Bitcoin community that are suggesting that Bitcoin wallets should use "Sat" as the default denomination for Bitcoin.

1 Sat is currently only $0.0012. Stay humble, stack sats.

That's really what we need to focus on. One Bitcoin right now is 115k$ and it's very difficult for majority of us to buy one complete Bitcoin. But that's not the end of the story because still we can make profit from Bitcoin by buying and holding Sat's in our wallets. These 'Sat's' have made Bitcoin in the approach of everyone, specially those who are entering into Bitcoin these days. Without Sat's, Bitcoin will now only be limited to rich guys.   

It's called "unit bias". Because some individuals believe that Bitcoin already "too expensive", they prefer to buy low priced shitcoins because it probably makes them feel "richer" or perhaps it gives them hope that the 1,000,000 units of their shitcoin will be $1.00 someday and make them millionaires.

 ¯\_(ツ)_/¯

But that's OK, some people need to learn the hard way.

[Byebyebtc]

Some people might visualize bitcoin supporters as those who wear suits and look like finance bros. People might think that you must be so rich and educated to work in something related to bitcoin or invest in bitcoin. But some of you may be shocked that this is not the case at all. Even the most normal people whom you will never think is into bitcoin can be into bitcoin.

You may encounter someone who may not look so rich and only living a quite comfortable life but not totally a luxurious one that is into bitcoin. This is how I believe that bitcoin is indeed for everyone because it is not only the rich ones are into bitcoin nowadays.

And this is one of the reason why many individuals are afraid of this investment, because they think that you have to be wealthy to partake in it,
Some people can tell one "hey I do bitcoin" and they will be in disbelief because of their appearance,
Sometimes also you don't need to look to far for someone who can educate or enlighten you on this investment, maybe your looking for someone with cool cars and achievement forgetting that every of them started from somewhere, someone even close to you can educate you on it but you fail to pick them out because you have high expectations
And this is one of the reason why some people miss out on great opportunities
People should be educated on how this coin works and let them stop assuming things
How can we educate them?
We can make videos or posts on social media,
Create seminars as an opportunity to educate them as well
Go to schools, social gatherings etc and before you know it information spreads.

[Scarlett_23]

Some people might visualize bitcoin supporters as those who wear suits and look like finance bros. People might think that you must be so rich and educated to work in something related to bitcoin or invest in bitcoin. But some of you may be shocked that this is not the case at all. Even the most normal people whom you will never think is into bitcoin can be into bitcoin.

You may encounter someone who may not look so rich and only living a quite comfortable life but not totally a luxurious one that is into bitcoin. This is how I believe that bitcoin is indeed for everyone because it is not only the rich ones are into bitcoin nowadays.

Bitcoin is very valuable. As its value was in the beginning, its value in the current market system is much higher. Bitcoin was not created for any particular group or party. It is universal and open to everyone. People from any part of the world can buy and sell Bitcoin through the Internet. It can be used free from the control of any central bank or government.

For this, one must have internet access, a digital wallet and an account on a cryptocurrency exchange. People can invest in Bitcoin, make online payments and transfer money from one country to another.

It does not require a huge amount of money to invest in Bitcoin, only candidates interested in investment can invest here. For that, one must have a prudent income and a long-term investment mindset.

[albon]

Bitcoin is for everyone; anyone, anywhere on earth, can own it. Anyone, regardless of their capital can invest in Bitcoin and make profits from it.. The returns , of course, depend on the size of the investment, since the gains of someone holding 1 Bitcoin are not the same as those of someone holding just $100 worth of Bitcoin. However, Bitcoin can allow Small investments to grow over time.

This prompts us to increase our Bitcoin holdings in a disciplined and cautious manner. Moreover, Bitcoin is digital money, so whether rich or poor, they can own Bitcoin.. What is required is simply having enough funds that one is willing to invest and risk as well as the necessary information and experience to be able to handle it smoothly and avoid falling victim to scams or losing it. Also, Bitcoin is an open opportunity available for everyone and the winner is the one who invests it with discipline and patience to hold on.

[henry_of_skalitz]

^ Great words said.

Basically, knowledge brings us the power to act up and to understand what we need to do => we understand why and how we need to HODL BTC => we accumulate more not based on the price, but on our own capabilities and funds

[EqualTowel2294]

Absolutely, because not everyone has the habit or the attitude to show off, so holding Bitcoin makes happy that most people can't predict their lives and this helps them to avoid unnecessary charges or billing and also avoiding spending much, this way also help others to be able to navigate through challenges and be able to achieve their financial goals.

Everything is all about mindset not just centered on bitcoin, we have properties and assets circulated around the world which the name of the owners are not known some them hidden under offshore companies etc, it’s all about mindset if you are a private person you can decide to invest in bitcoin owns business and invest in many things without being in the front of them all.

[finaleshot2016]

Some people might visualize bitcoin supporters as those who wear suits and look like finance bros. People might think that you must be so rich and educated to work in something related to bitcoin or invest in bitcoin. But some of you may be shocked that this is not the case at all. Even the most normal people whom you will never think is into bitcoin can be into bitcoin.

You may encounter someone who may not look so rich and only living a quite comfortable life but not totally a luxurious one that is into bitcoin. This is how I believe that bitcoin is indeed for everyone because it is not only the rich ones are into bitcoin nowadays.

Like the rich in general, they don't act like with fancy suits, they just look normal because they don't need to prove their selves to the public. Also, it's dangerous to disclose a sensitive topic like you're holding a lot of crypto, they might use you or do something bad to you. Also, anyone can have bitcoin, it's not a sign of luxury, it's an investment asset, even average people already have that nowadays. Also, it's better to not judge everyone, no one really knows what's the story of each people so better not to judge them, just focus on us on how we can grow.