Post
Topic
Board Economics
Merits 1 from 1 user
Re: Bitcoin is for everyone but not everyone will be for Bitcoin
by
Kasabus
on 13/01/2022, 23:20:28 UTC
⭐ Merited by JayJuanGee (1)
A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.
That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.
Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes.