Here are some of the challenges restricting users from buying and hodling bitcoin:
1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.
This is not cogent reason enough to keep people hesitant to buy and hold bitcoin or crypto per se. Although, it might be challenging to some extent but government restrictions has not completely stop people from buying and holding bitcoin. The only thing is that, you can not officially or confidently buy it but you can do so secretly through P2P and other anonymous means. However, in doing so, one must be cautious enough not to get caught because it has some consequences knowing that you are going against the government order. It's a challenge in a country where there is strict regulatory compliance.
2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade.
No! You don't need to earn a lot before you can hold. What you need is financial literacy and management. Some people earn a lot but they can not spend wisely simply because they have no clue on how to manage funds. One thing to note is that, we can promote something without having to demarket other thing. Working for government is not slavery, it's by choice. Yes, there is no fair treatment but just imagine if everyone withdraw their service to government and see our economy will crumble.