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.