I was reading the last pages of the thread, and i want to make a mention.
When everybody talks about 100usd per week into investing in BTC, that its quite good and sustainable for first level countries, but in low income countries sadly if you dont catch the BTC in their very very early stages is difficult right now to accumulated some decent quantity.
You still gotta do what you can rather than getting distracted by the specific numbers that are used as an example. You should be attempting to relate the concept, and surely there are some folks that are going to be struggling with $10 per week, and so they might have difficulties to either increase their income or to cut their expenses in order to get to higher amounts, but they still just have to figure out how much they can invest into bitcoin without going overboard in terms of their own budget.
Let's say that a person ONLY makes around $400 per month or maybe even less than that, and if they have abit of fluctuation in their income and expenses, but on average they are still figuring out ways to invest $10 per week into bitcoin which is about 10% of their income.
So if they are investing 10% of their income into bitcoin, it is still likely going to take them nearly 10 years to reach 100% of their salary saved up, so the extent to which their investment performs might affect where they are at in 10 years in regards to being better off with having had invested into bitcoin versus investing into other thing, versus consuming the $10 per week.
People have choices, and they should not be deterred by the mere fact that they are not able to buy as much as others in order to still be able to recognize that they are more likely going to be more advantaged by investing into bitcoin versus not investing into bitcoin.
Also in second level countries like Brazil it can be so much money for the regular person. The other problem in very low countries was, in the very eraly stages of btc like 2010 until 2015 it was difficult also to buy BTC, because in some cases people doesnt have internet or even where to buy, and in a lot of countries the acces to foreign currency is difficult.
For sure, no one is saying that it is easy to figure out ways to get ahead in life, and there are people in the west who could easily afford $1k or more per week to invest into bitcoin, but they are not doing shit, and sure maybe the person in the 2nd level or 3rd level countries might not be able to completely catch up to the ones who have way higher incomes, but sometimes there are going to be comparables in which the one who consistently invests into bitcoin gets ahead after 10 to 20 years as compared to the one who is getting in much later.. and sometimes they will also be passing up people who had much more means than them, but the ones who failed to act end up falling behind, even if there may well be a lot of obstacles along the way and even if the income levels (and even information levels) might be very disparate.
The person who invested
$10 per week over the last 9 years ended up investing $4,700 and accumulating 3.6 BTC, and surely the person who is starting now is likely going to need to invest more than $200 per week and still may not be able to get to 1 BTC after 10 years... seems like there are advantages even with relatively poor people who get started early and attempt to be as aggressive as they are able to be without overdoing it.
Now that problems still exist b ut the market is much bigger than before and you have the opportunity to buy more easily, but now you cant buy so much with a very low income.
It still does not mean that you should not start to invest into bitcoin and/or to try to be as aggressive as you can, and hopefully, you do not get distracted into shitcoins and/or trading merely because your brain is telling you that you are disadvantaged and that you need to take shortcuts...
In the end, you can do what you like, but there seem to still be a lot of advantages with bitcoin and focusing on bitcoin as compared with other places that you might put your time, energies and value.. but those are your choices, including if you believe that there might be reason to put your value somewhere else or if you might want to divide (dilute) your time, energies and value because you are not able to see the value of bitcoin right in front of your face... including that there are a lot of advantages to poor people to even have anything that they are able to invest into with such potentially small amounts such as $10 per week and perhaps whether or not they are able to increase their weekly amounts by increasing their income and/or cutting their expenses.
Yet, on the other hand, you are making him look like a genius.
Are your daddies “geniuses”?
Because my Father in the Heavens is the
Alpha and Omega.Wow.
You sound like a very important person.
