Why do we feel that bitcoin investment is only for rich people?

[Mr intelligence]

Well,me as an individual l do not support that concept that bitcoin investment is for only rich people.
One thing l believe in business generally is mind set. While some persons may be interested in investing in bitcoin,there are also persons that  may not want to even talk about bitcoin because of the high risk involved.

When l talk about the risks involved, l mean scammers, fraud etc.
So it doesn't matter wether you are rich or poor, any body can be scammed or defrauded.

It is true that the value of bitcoin has gone up to the point that every body now thinks that bitcoin investment is only for the rich alone. I will still say it is not true because proper planning matters.

First of all,mind set and then adequate plann.....if these things are put together trust me any body can invest in bitcoin despite your status of being rich or poor.

Yes you being think that individual that the way of investment is not for rice people in Nigeria investment most people think that.buy Bitcoin is hard thing to get or a business of risky looking for personal may be interested people adore of planning of investment as to mind set of it more points than people scammers fraud of anything of points for in investment to Understand the of it

[TokenTikas]

you being think that individual that the way of investment is not for rice people in Nigeria investment most people think that.buy Bitcoin is hard thing to get or a business of risky looking for personal may be interested people adore of planning of investment as to mind set of it more points

(OP) post, I didn’t see anywhere that he said bitcoin is not for ordinary nigerians. When you say that most people believe buying bitcoin is difficult or too risky, I don’t agree with that at all because those points are not really correct. Bitcoin is not only for rich people, it is for everybody and anyone can buy it in any condition without stress. If you truly understand how bitcoin works, you will know it is open to everyone, whether rich or poor, it doesn’t matter. You can buy any amount you want, there is no restriction, no special barrier and no harassment involved. You just need to choose a decentralized wallet, keep your private key and phrase safe and you can start buying bitcoin without putting yourself in unnecessary risk.

[Agbamoni]

It is true that the value of bitcoin has gone up to the point that every body now thinks that bitcoin investment is only for the rich alone. I will still say it is not true because proper planning matters.

Eventually, you dont need the money in the entire world to start investing in Bitcoin. Bitcoin allows us to buy in fractions, bit by bit, with consistency. All investors will have a substantial value of bitcoin in their portfolio, it is only a matter of time.

Yes, gone are the days when anyone can buy Bitcoin because the value of 1 is worth nothing. Now, you dont need to be rich, you just need a stable source of income to start your bitcoin investment.

[Joy- maker]

Someone mindset is what matters when it comes to Bitcoin investment, not really the money. Because being rich doesn't guarantee you success In your bitcoin investment. If you don't invest in bitcoin with the right mindset ( long  term mindset) you are likely not profit from your Bitcoin investment.

However, Bitcoin investment is not for rich people. Satoshi nakamoto created Bitcoin in such a way that people can be able to buy it fraction by fraction till they reach their accumulating target and then hold for long term. Wether you are poor or rich what keep you going is your mindset. Approach Bitcoin with the right mindset and you will end up in massive profits.

[GiftedMAN]

Anyone that has such an idea or mentality about Bitcoin wouldn't be able to invest in it because Bitcoin isn't really built or designed specifically for rich people even though they have more advantages of making profits from it effortlessly due to their financial capabilities but giving yourself this excuse and holding back or not making any move to invest because you are financially stable will keep you static for a long time. Bitcoin isn't something that only rich people invest in, for people that don't have enough they can buy when the price is low and use DCA to keep on accumulating

Lack of knowledge and exposure is the reason why some people still think Bitcoin is designed for the rich only, I understand that you need money to invest in Bitcoin and some poor people can't afford to invest in Bitcoin because they do not have good source of income and some are not exposed to learning the different types of investment which they can do that wouldn't require them using a huge amount of money. The rich, the middle class and anyone who has source of income and willing to think about the investment for the future would embrace Bitcoin investment since they can comfortably do it if they skip the life style they spend on.

[Miles2006]

The DCA strategy is the appropriate strategy provided for investors in this category who think investing in bitcoin is expensive. Definitely dca strategy is generally for anyone but, commonly use to accumulate bitcoin with the available amount not minding how little the amount is although bitcoin investment is considered a long term investment so any intention to get quick money might fail as well.
The misconception of bitcoin investment only for rich people is actually rare and wrong, wealthy investors have higher chance building a nice portfolio within short period yet doesn’t matter viewing bitcoin investment is meant for the long run.

[Jegileman]

The price of bitcoin has gone so high that anyone that’s not financially stable cannot really get to buy 1BTC even for a start. The price of bitcoin has really skyrocketed beyond what we all expected it to be just from a decade ago. The current price will definitely make those who are not rich see it as a very high price value they cannot afford to buy bitcoin. Most people that are holders of bitcoin don’t even look to have at least 1BTC in their portfolios with the most holders of bitcoin being big companies.

Bitcoin has also been designed in such a way that you don’t need to have the purchasing power of at least 1BTC before you can be an holder of it. You can buy smaller quantities of bitcoin knows as Satoshi’s and you would still be an holder of the cryptocurrency and also be faced with volatility in the market and trends of the market just like those that have 1BTC or more. Bitcoin investment is for all class of people, just invest the amount you’re capable of and you’re good to go.

[Man of peace]

First of all,mind set and then adequate plann.....if these things are put together trust me any body can invest in bitcoin despite your status of being rich or poor.

When it comes to investment of any kind, the rich has a greater advantage over the poor and in some way, even in bitcoin investment, they are still in the position to invest an higher amount and gain from it above the regular not so rich investor that can only put in a small amount until his portfolio at a time.

With strategy like buying with the use of the DCA method available, no matter your financial class, you can equally invest well even though you might not be too rich. The people we call the rich though financially strong still face challenges just like us both must of them always see things from the winning end and so regardless of what's happening, they keep investing and never see themselves going down. Such mentality is what can transform a not so rich investor to a richer person.

That is the pure truth,the Rich always at the advantage when it comes to investment because their financial strength is not equal with that of the poor , but that shouldn't be the reason why people should be thinking that some certain investment was made for the rich only I
.every investment is open to everyone rich and the poor provided you have the wisdom and knowledge about the investment,in terms of financial aspect you can start as little as you can and gradually process you will grow..

[Stormisover]

First of all,mind set and then adequate plann.....if these things are put together trust me any body can invest in bitcoin despite your status of being rich or poor.

When it comes to investment of any kind, the rich has a greater advantage over the poor and in some way, even in bitcoin investment, they are still in the position to invest an higher amount and gain from it above the regular not so rich investor that can only put in a small amount until his portfolio at a time.

With strategy like buying with the use of the DCA method available, no matter your financial class, you can equally invest well even though you might not be too rich. The people we call the rich though financially strong still face challenges just like us both must of them always see things from the winning end and so regardless of what's happening, they keep investing and never see themselves going down. Such mentality is what can transform a not so rich investor to a richer person.

That is the pure truth,the Rich always at the advantage when it comes to investment because their financial strength is not equal with that of the poor , but that shouldn't be the reason why people should be thinking that some certain investment was made for the rich only I
.every investment is open to everyone rich and the poor provided you have the wisdom and knowledge about the investment,in terms of financial aspect you can start as little as you can and gradually process you will grow..

Since there can never be financial equality in this life then the rich will only have more advantage in certain kind of way but that doesn't mean that a lesser class can not have a share within their own class and ability and such opportunity is what Bitcoin has presented, it Is not only for the rich or wealthy people with Bitcoin we can start small without waiting to start big perhaps all fingers are not equal, people who think Bitcoin is only for the rich never really understand Bitcoin because if they do they will not have that kind of mentality and concept.

[Silikiem]

The price of bitcoin has gone so high that anyone that’s not financially stable cannot really get to buy 1BTC even for a start. The price of bitcoin has really skyrocketed beyond what we all expected it to be just from a decade ago. The current price will definitely make those who are not rich see it as a very high price value they cannot afford to buy bitcoin. Most people that are holders of bitcoin don’t even look to have at least 1BTC in their portfolios with the most holders of bitcoin being big companies.

Bitcoin has also been designed in such a way that you don’t need to have the purchasing power of at least 1BTC before you can be an holder of it. You can buy smaller quantities of bitcoin knows as Satoshi’s and you would still be an holder of the cryptocurrency and also be faced with volatility in the market and trends of the market just like those that have 1BTC or more. Bitcoin investment is for all class of people, just invest the amount you’re capable of and you’re good to go.

One of the reasons why most people feel that bitcoin investment is only for the Rich is because they think for one to invest in bitcoin you must need to have some huge amount of money and also thinks they will have to buy all the coins at once let’s say buy 1BTC. Growing up I once had such mentality because I knew nothing about bitcoin not until I started getting involved in bitcoin and that’s why they said sometimes bitcoin is better understood when you start investing in it and not just what you read or hear outside. One must not have huge amounts of wealth before getting involved in bitcoin investment as you can buy at any amount you can afford to buy with and the most interesting part of it is that you can buy anytime you are able to figure out such amounts either on a weekly or daily basis depending on how your income flows. So you don’t have to wait until you have all the money in the world before you can start investing in bitcoin.

[Achalugo BTC]

Someone mindset is what matters when it comes to Bitcoin investment, not really the money. Because being rich doesn't guarantee you success In your bitcoin investment. If you don't invest in bitcoin with the right mindset ( long  term mindset) you are likely not profit from your Bitcoin investment.

However, Bitcoin investment is not for rich people. Satoshi nakamoto created Bitcoin in such a way that people can be able to buy it fraction by fraction till they reach their accumulating target and then hold for long term. Wether you are poor or rich what keep you going is your mindset. Approach Bitcoin with the right mindset and you will end up in massive profits.

Absolutely right, mindset is everything in life, even in Bitcoin investment as well, its not just about making profit or becoming rich through as you said but its about understanding what it take to stay grounded and discipline in this journey, despite the ups and downs or the risks involved, because not everyone can be able to withstand pressure from Bitcoin investment, which they can easily give up if they are often face with challenges. That is why people ought to have the basic knowledge and understanding of Bitcoin investment, so that they can be able to navigate through any challenges they might encounter and helps them to achieve their success.

[Mpamaegbu]

Well,me as an individual l do not support that concept that bitcoin investment is for only rich people.

I neva for wan day feel like dat, haaba. The only thing we persin fit reason be sey na rich people dey too ready to take risk than poor people. The reason, from my understanding, be sey poor people dey always fear and consider dem pocket sey if kasala burst, dem fit nor get where to fall back on. But nor be sey poor people nor dey do investment (whether Bitcoin or any other), na just sey dem dey too fearful.

One thing l believe in business generally is mind set.

Gbam! Na mindset be everything. Anybody wey like taking risk go fit go into any type of investment wey dem capital reach. Even from d beginning of Bitcoin, most people wey invested dat 2009/2010, nor be rich people. Na people wey just thrown in a few dollar as dem risk appetite carry dem.

[Big Dirams]

Someone mindset is what matters when it comes to Bitcoin investment, not really the money. Because being rich doesn't guarantee you success In your bitcoin investment. If you don't invest in bitcoin with the right mindset ( long  term mindset) you are likely not profit from your Bitcoin investment.

However, Bitcoin investment is not for rich people. Satoshi nakamoto created Bitcoin in such a way that people can be able to buy it fraction by fraction till they reach their accumulating target and then hold for long term. Wether you are poor or rich what keep you going is your mindset. Approach Bitcoin with the right mindset and you will end up in massive profits.

Absolutely right, mindset is everything in life, even in Bitcoin investment as well, its not just about making profit or becoming rich through as you said but its about understanding what it take to stay grounded and discipline in this journey, despite the ups and downs or the risks involved, because not everyone can be able to withstand pressure from Bitcoin investment, which they can easily give up if they are often face with challenges. That is why people ought to have the basic knowledge and understanding of Bitcoin investment, so that they can be able to navigate through any challenges they might encounter and helps them to achieve their success.

Normally every investment has it own challenges and risk which is why it more interesting. Investing in bitcoin and chasing after profits or taking profits is one thing one prioritizes that much is not a real way to investing in bitcoin, bitcoin investment should be all about the future and not the recent profits.
There are drawbacks, challenges and risks involved when investing but withstanding such pressure is what matters and many new investors failed during this set backs by thinking they are failing during the dips but that just part of the journey and the earlier one understand and accept this challenges involve the better.

[Promocodeudo]

I neva for wan day feel like dat, haaba. The only thing we persin fit reason be sey na rich people dey too ready to take risk than poor people. The reason, from my understanding, be sey poor people dey always fear and consider dem pocket sey if kasala burst, dem fit nor get where to fall back on. But nor be sey poor people nor dey do investment (whether Bitcoin or any other), na just sey dem dey too fearful.

Even though I go agree with wetin you talk based on say rich people gallant sake of say them get money and give that them go fit risk am for investment, I wan make we still know say no be all it them get mind to risk high,  even though we no go fit compare poor people risk level with that of rich folks, me I believe say e get some poor people wey get mind to risk for investment but because of financial constraints them no fit do anything, me i no go say poor people dey fearful as you have said, for me I go say them dey careful sake of say them no say them no guide e enough, that go be why them go choose do where their hand reach.

[Y3shot]

First of all,mind set and then adequate plann.....if these things are put together trust me any body can invest in bitcoin despite your status of being rich or poor.

We know money plays an important role when it comes to Bitcoin investment but bitcoin investment is not for the rich or for high profile people with high income. Anybody can invest in Bitcoin so far as you have income.

To succeed in bitcoin investment you must have the right mindset, having thevright mindset no matter what you earn you will still be able benefit investing in bitcoin. So the most important thing is to have the mindset and to invest with the amount that you can be able to afford,  then hodl your bitcoin.

[CryptoHeadlineNews]

Well,me as an individual l do not support that concept that bitcoin investment is for only rich people.
One thing l believe in business generally is mind set. While some persons may be interested in investing in bitcoin,there are also persons that  may not want to even talk about bitcoin because of the high risk involved.

When l talk about the risks involved, l mean scammers, fraud etc.
So it doesn't matter wether you are rich or poor, any body can be scammed or defrauded.
It is true that the value of bitcoin has gone up to the point that every body now thinks that bitcoin investment is only for the rich alone. I will still say it is not true because proper planning matters.

Despite the fact that a whole one full Bitcoin is said to be worth over 100million Nigerian Naira right now, it still doesn't mean that people can't still invest a little amount they wish in Bitcoin. Because there are lots of crypto exchange like Bybit and Bitget where you can buy the least 10k or even 3k Naira worth of Bitcoin, without waiting to have millions before you can start thinking of investing in Bitcoin.  Because investing in Bitcoin is just a mindset and you knowing the right knowledge about it, such as, the right place to buy it, the right place to store it and the basic security measures you need to take so that you don't either lose access to it or let it get hacked. So on a nutshell, Bitcoin is indeed a digital currency for everybody, both poor and rich.

[RockBell]

Someone mindset is what matters when it comes to Bitcoin investment, not really the money. Because being rich doesn't guarantee you success In your bitcoin investment. If you don't invest in bitcoin with the right mindset ( long  term mindset) you are likely not profit from your Bitcoin investment.

Mindset matters but I will argue this with you that been rich does not guarantee your success in bitcoin the thing is most rich people will only want to buy and hold and they have enough money for that to go wrong the only problem they will have is when they want to sell early and am sure they would have considered everything before they start investing so they won't invest because they want to they will invest because they want to make money from it the only thing is that it is a matter of time and rich people don't rush and that is why they are always becoming richer.

However, Bitcoin investment is not for rich people. Satoshi nakamoto created Bitcoin in such a way that people can be able to buy it fraction by fraction till they reach their accumulating target and then hold for long term. Wether you are poor or rich what keep you going is your mindset. Approach Bitcoin with the right mindset and you will end up in massive profits.

It is for everyone the only thing is for you to take your money and then buy and hold except for does that want to trade when you have the mindset of trading which I don't think rich people like the idea of trading they will prefer to buy and then hold because that is the only way they feel it will be convenient for them and it does not have much risk because even most of this politicians that is what they do they just buy and then hold.

[Samlucky O]

Bitcoin is not only for the rich, infact those who are afraid of investing in Bitcoin because they feel it's too expensive are the ones that thinks Bitcoin is only for the rich. Bitcoin is is programmed in a way that anyone can invest as the can afford. If you want to buy Bitcoin of $10 $20 $30 $1000 and so forth, you can, because it is divisible by fraction. So those claiming it's too expensive is either they are afraid of investing on Bitcoin or finding a way to discourage themselves or others not to invest.

[Anayochukwu]

I neva for wan day feel like dat, haaba. The only thing we persin fit reason be sey na rich people dey too ready to take risk than poor people. The reason, from my understanding, be sey poor people dey always fear and consider dem pocket sey if kasala burst, dem fit nor get where to fall back on. But nor be sey poor people nor dey do investment (whether Bitcoin or any other), na just sey dem dey too fearful.

Even though I go agree with wetin you talk based on say rich people gallant sake of say them get money and give that them go fit risk am for investment, I wan make we still know say no be all it them get mind to risk high,  even though we no go fit compare poor people risk level with that of rich folks, me I believe say e get some poor people wey get mind to risk for investment but because of financial constraints them no fit do anything, me i no go say poor people dey fearful as you have said, for me I go say them dey careful sake of say them no say them no guide e enough, that go be why them go choose do where their hand reach.

This thing wey you talk so na him be really truth about the whole thing, like this na op don conclude say Bitcoin investment na only for the rich people, forgetting say no be all the rich people go fit commot better money invest in Bitcoin. Sometimes I hate when people dey always channel everything to the rich people because I know say no be all of them get mind to help, most of them dey always like to collect from poor people self due to say they don't want the poor ones ones to grow more than. To be honest I no dey like when someone talk bad or let poor ones down because Dem dey always try their best to do according to their pocket so Bitcoin investment no be for only one person at all.

[Charleslie]

Bitcoin is not only for the rich, infact those who are afraid of investing in Bitcoin because they feel it's too expensive are the ones that thinks Bitcoin is only for the rich. Bitcoin is is programmed in a way that anyone can invest as the can afford. If you want to buy Bitcoin of $10 $20 $30 $1000 and so forth, you can, because it is divisible by fraction. So those claiming it's too expensive is either they are afraid of investing on Bitcoin or finding a way to discourage themselves or others not to invest.

You know, this feeling is very common among the poor, even when they go to the  market to purchase goods if the price exceed their budget sometimes you will hear them say that, let's leave it for those who are well to do. And that's just the same thing that happens when they don't have discretionary income to invest in bitcoin, instead of looking for a way to figure out their discretionary income most of them will just disqualify themself not knowing that investment is just all about determination, once you're determined to invest in bitcoin you would definitely do it regardless.