Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
That will be something to consider, some were having the interest to buy Bitcoin but money gives a hindrance to start.
If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family. That really be hard in a situation like that, and I don't want to suggest then committing a loan for this sake because that will only give additional problems later.
Yes, it is. They will use that money for the family first. If they can have some money, they can use it to invest in bitcoin to get a good return in some time. That means they save their money in bitcoin form and not save the money in the banks because I do not think that they will get good interest from their savings. Taking a loan will not be recommended for all people because it will be too risky to pay back the money monthly.
I think people are aware of having the investment right now, but most of them do not know how to select the investment instead follow the other people suggestions. It will be too risky for them because they will not know if that investment can profit or scam them.