Quote from: Salahmu on October 31, 2023, 10:50:01 PM

Quote from: Falconer on October 31, 2023, 09:02:02 PM

But in fact, poor people tend to ignore any investment because they only need to meet their daily needs and sometimes go hungry. Bitcoin doesn't save the poor, it just gives an opportunity to anyone regardless of their financial condition, that's what I have to admit.

Extreme price volatility makes most poor people who previously earned $100 tend to avoid it rather than invest, that's what I always get from several people I've met so far. Poor people, let alone investing, sometimes even their basic needs cannot be met.

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich, on the contrary Bitcoin is for everyone because irrespective of how it may seem a bit difficult for less privilege people to accumulate Bitcoin do to the price but instead Bitcoin gives the poor the opportunities that it doesn't matter how big they can afford to accumulate a Bitcoin but what matters is the little money they no they can afford to start accumulating and with time they will have the amount of Bitcoin they never expected to have on there portfolio.

I don't see accumulating bitcoins as a very difficult task.
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor.

Another thing you have said is that bitcoin investment is not only for rich people but you are right because anyone can invest there is no discrimination between rich and poor. He will invest as much as he can and he will invest when he has the money to invest. No one will force you to invest or no one will ever stop you from investing.

Why are we staying away from investing in Bitcoin where it is giving us so much benefit. In the current market situation now we just need to make a proper plan and invest in Bitcoin for long term with some idea about investment and that investment must be held for a long time only then we can get good amount of interest from our investment in future.