Post
Topic
Board Nigeria (Naija)
Merits 4 from 1 user
Re: Rich have more opportunities than the poor when it comes to bitcoin accumulation
by
Cgrexp
on 22/09/2025, 13:44:24 UTC
⭐ Merited by GIF-JOBS (4)
It is said that bitcoin is also a means of investment used around the world,but if one want to invest it will be someone who has a means or source of income because investment can't take place the person having means or source to.That means the poor people can't invest because they don't have the source of income to make an investment and t left for the the rich ones only (is that true?).

However, it is also meant for both the rich and the poor, but it seems only the rich people have the oppotunty to achive more bitcoin than the poor because they have a source of income which makes me say that the poor cam only accumulate limited Bitcoin.

Although bitcoin can be a good store of value so when though people without a good source of income buy Bitcoin with their small amount of money, in the future they will make little profits.
So do you agree with me that the rich have more advantage to accumulate more Bitcoin than the poor?

The rich have a relatively high financial capacity. Their income is high, so they can invest large amounts and take investment risks. But that doesn't mean Bitcoin is only for the rich. We know that Bitcoin is an asset where people of any income can deposit money step by step according to their ability. In this case, someone can invest $10 if they want. Bitcoin was created as an alternative to a centralized financial system. Where we don't have to ask permission from anyone. Here everyone controls everyone's money themselves. It may not be possible for those who are financially backward to invest large amounts. But if they regularly invest small amounts in the DCA method and hold it for a long time, they can gradually move towards financial independence. If a poor person converts $5,000 into Bitcoin and it doubles, it makes a big difference in his real life. Therefore, Bitcoin acts as a possibility for creating financial equality and impact for the poor. Although the rich have more capital, the poor also have a role in Bitcoin.  The DCA method is an effective way for the poor to create the potential for wealth creation with little money.