Re: Buy the DIP, and HODL!

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think this is quite a simple scenario that we are talking about here, Bitcoin is for everyone as simple as possible that we can say it, when you have a discretionary income first of all to start investing then Bitcoin is for you to be taken and start investing, You literally need money to buy Bitcoin, it’s not like we are buying Bitcoin for free, So in the society we find out that there are people who are jobless and idol and have nothing doing, they even struggle to pay for their bill and expenses, are we also going to be saying that Bitcoin is for them also ?

Yes @Alonso_ Bitcoin is for them, the only difference is that their present predicament is not allowing them to accumulate bitcoin, but once there is a change in their financial status they can buy bitcoin. What such people just need is to change their present status, by looking for a job, and once they get a paying job they can start buying bitcoin. That's why I said bitcoin is for them. Many of us that are now bitcoin investors today, were nocoiners few years back but today we are now bitcoin investors.

Was bitcoin for us back then? "Yes" but it was just us that were delaying. So bitcoin is for everyone, it is only left for you to make up your mind and start your accumulation journey. If Bitcoin wasn't design to be for everyone, do you think the elite class will allow we plebs to buy it? The answer will be NO, because they wouldn't want me you the plebs to have access to it. They would have seized the opportunity, but Satoshi foresaw this and designed Bitcoin to be for everyone irrespective of your social status. Just make up your mind and buy as much as you can afford according to your financial level.