Is Bitcoin really not for everyone?

[deucher]

When I started my journey in crypto, I focused my main attention on altcoins because at that time they were easier for me, but when the bear market started, all altcoins fell very much relative to bitcoin and I decided to switch and focus only on it, but you need to invest in bitcoin for the long term and decided to start trading in the short term, and due to high volatility, I lost a lot of money precisely on bitcoin, so I decided to return to altcoins, which are less volatile for me in everyday trading. So what are your thoughts or bitcoin for everyone?

 

[Kirubel]

Bitcoin is a profitable coin and most of the times wealthy investors choose bitcoin to invest on, but bitcoin investment i not for everyone because it have huge price and also the price fluctuation is high so its risky for some of us.

 

[Suba]

In fact, Bitcoin is not for everyone because it has high volatility and high risk. Beginner traders should choose trading pairs that have low volatility, such as Doge, Litecoin, etc. Meanwhile, Bitcoin as an investment instrument is more suitable for people who have an aggressive nature,

 

[neku]

Bitcoin value is comparatively stable, but the transaction charges and time are very high at present, so those who make and receive Bitcoin payments are finding that their payments are getting delayed.

 

[Kirubel]

In fact, Bitcoin is not for everyone because it has high volatility and high risk. Beginner traders should choose trading pairs that have low volatility, such as Doge, Litecoin, etc. Meanwhile, Bitcoin as an investment instrument is more suitable for people who have an aggressive nature,

True trading with bitcoin for beginners and for those who are new to online trading is very risky and they could lose all their money, using crypto coins with low price fluctuations will be good , but i recommend spot trading with is very safe compared to futures trading.

 

[Augusta]

if you can't withstand risks then Bitcoin is not for you. Bitcoin comes with high fluctuations so you need to be careful to avoid losing money

 

[King Belieal]

Bitcoin is the best option for anyone that is in crypto. The only challenge is that most people can't afford bitcoin now.

 

[eLdavis]

One painful truth is that what works for one person might not work for the next. Not everyone has what it takes to invest in crypto.

 

[riberet19]

Bitcoin was created as a P2P electronic cash, but that has been totally distorted even though there are people claiming that Bitcoin is not for everyone, when it was created expressly to be for everyone in the world, you only need to read the whitepaper...

 

[pousinha]

I think bitcoin is for everyone living in a country where the government hasn't banned cryptocurrencies (in this latter case, no way, as it gets impossible any use, in addition to the risk to be jailed as worse), until he/she knows how it works and its behaviour similar to stocks.

 

[Kera]

Bitcoin with its high price now is not for everyone. I for sure know that it is out of reach for me to enter.