Is bitcoin really for the rich?

[Trush Jodie]

I have heard some people in crypto say that Bitcoin is for the rich. And that anyone can trade altcoins. I don't seem to believe so. Even if you have bitcoin worth just $100, there is higher tendency of hitting $1k with that than with altcoins.

Is bitcoin truly for the rich?

 

[gwolf666]

Hi, I understand that perception, but I don't think it's entirely accurate. Bitcoin isn't just for the wealthy; in fact, many people have started with very small amounts, even as little as $10 or $20. The idea that only rich people can invest in Bitcoin is a myth. The advantage of Bitcoin is that it's accessible to anyone with an internet connection, and you can buy fractions of Bitcoin, making it affordable for those on a budget. Furthermore, while it's true that with less money the potential gains are lower, the risk is also proportional. As for altcoins, they are often more volatile and riskier, so they aren't necessarily an easier or safer option for everyone. Ultimately, Bitcoin can be for everyone, not just the wealthy, and the key is to be informed and make responsible investments.

 

[pousinha]

Only if the idea is to purchase an entire bitcoin at once. But there's no need to purchase the unity. You can easily purchase a small amount of satoshis or simply earn satoshis by doing online tasks (that's the only way I have always earned cryptocurrencies without spending a single penny from my own pocket). That's for everyone.

 

[Starmix]

Not necessarily that only the rich can invest in Bitcoins. Anyone can invest in a fraction of the total amount of a Bitcoin.

 

[Nomad]

Yes, because people who do not have money cannot invest in Bitcoin, even if they invest, crypto crash will make them bankrupt.

 

[King Belieal]

Middle class people are buying Bitcoin to hold long termand they are still surviving. Investment is always a risk

 

[Augusta]

Bitcoin seems to be the only coin worth investing in long-term, and it appears to be slowly becoming an asset. Any body can invest in it