Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin for everyone?
by
m2017
on 28/10/2023, 06:52:37 UTC
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
To a certain extent, bitcoin is indeed not for everyone and for everyone at the same time. No matter how paradoxical it may sound. Anyone can become this “chosen one” if they want and join the ranks of bitcoin owners. When I say it's not for everyone, I mean people without certain qualities. Such as patience, the ability to learn independently, build your own line of defense for your crypto wallet and your savings, the ability to plan and build a strategy for behavior during various cryptomarket fluctuations. This is only part. Anyone can own and use a bitcoin, but to make money from this, as in any other business, you need to have the necessary skills. Why are you selling at a loss? This is a clear sign that you have made a mistake in your investment planning. Buying at a low price is not luck, but knowledge of cryptomarket cycles, general awareness of the bitcoin and the ability to build an investment strategy. Did you want to make easy and quick money on the bitcoin? This means that bitcoin is not for everyone. If you wanted to get electronic money that would allow you to send it cheaply and quickly anywhere in the world without censorship or regulation, as well as without intermediaries, then bitcoin was for everyone.