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Scraped on 08/07/2025, 12:48:14 UTC
Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
Bitcoin is not just for the rich people, that is the reason you will be able to buy bitcoin that is worth just $50. If the mempool is congested, you can wait for the mempool to become less congested. Or instead you can go for the bitcoin lightning network. Or because the money is small, you can just leave it inon the exchange so that you can sell it directly whenever you want to, but although not advisable to leave your coin on an exchange, but I said so because it is just $50. If the amount is huge, make use of a noncustodial wallet.
Original archived Re: Is Bitcoin just for the rich?
Scraped on 08/07/2025, 12:43:39 UTC
Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
Bitcoin is not just for the rich people, that is the reason you will be able to buy bitcoin that is worth just $50. If the mempool is congested, you can wait for the mempool to become less congested. Or instead you can go for the bitcoin lightning network. Or because the money is small, you can just leave it in the exchange so that you can sell it directly but although not advisable to leave your coin on an exchange but I said so because it is just $50. If the amount is huge, make use of noncustodial wallet.