Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.
Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.
Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.
Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.
This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.
All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.
Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently.
I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs, a poor person has no discretionary income because the income his making is not even able to take care of his basic needs like food, clothes, shelter, electric bill's, water, etc. So there's no felt over money for him every week or month for Bitcoin investment.
The average kind of people in the society are the ones who can invest in Bitcoin not the poor people, an average person is someone who can meet his or her basic needs and also has a little discretionary income lift.
Someone can have a source of income and still be poor so let me put it this way if you don't have a discretionary income you can't invest in Bitcoin is as simple as that.
Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.