Re: Is Bitcoin just for the rich?

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 suitable for every person, if one can buy Bitcoin properly and knows the strategy, then he will definitely play a suitable role in holding Bitcoin. If one invests in Bitcoin according to the DCA strategy, then his Bitcoin will definitely be successful, whether rich or poor, both people can participate in Bitcoin investment[/b]. You should keep investing in Bitcoin until you have one Bitcoin, 10 Bitcoin, 100 Bitcoin, 1 lakh Bitcoin according to your ability after investing in Bitcoin according to the DCA method.
According to the DCA method, Bitcoin plays the biggest role in keeping it for a long time, and by depositing a small amount of money, it is converted into one Bitcoin, in this way a poor investor can be successful. So every Bitcoin investor should definitely know this DCA strategy.

I don't know why many people are still doing with this idealogy that bitcoin investment is only for the rich folks, CAPITAL NO, everybody is welcome in it regardless of your financial strength, to the best of my knowledge no matter how rich you think you are, if you are not enable to figured out your discretionary funds and putting down measures in place, like creating and emergency funds as a backup fund to your investment you can't still be successful in bitcoin investment.

However, my actual point on this is that once you are able to create your discretionary funds from your little earnings and understanding the basics things in that investment you are good to go.

One of the main reasons on why they are thinking up this way is just that they've been that wanting to buy up a whole coin directly. On the moment or time that they've seen the current price then they would already or directly making up those impressions that the only ones who can buy up Bitcoin as into those wealthy or rich people and its not something that poor or average ones would be able to do so. With those kind of thinking and mentality on which this one proves out that you are totally noob into this crypto space. On the moment that you do able to realize that you can buy up Bitcoin in fractions then you would be that having that kind of mentality on purchasing it out and would totally changed up that thinking that bitcoin investment is just that only for the rich. Yes, it is that very expensive but we are that talking of a whole coin but since we are that doing on fraction when it comes to buying and selling then you can be able to utilize or would be able to take advantage if you do saw up the opportunity. Actually it would be just that depending on you because actions would be made out will be that entirely be different into each individual because there would be factors that would be affecting out overall profitability. DCA would work even if you are that a poor person or that into middle level on which you can be able to utilize this kind of strategy on which you can be able to apply and having that possibility of making profits for long term.