Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on February 01, 2021, 11:49:09 AM
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
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By trading on Bitcoin and also other coins in crypto, it will indeed be able to make us suddenly rich. But we also have to remember that the risks are very big.
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
It's the masses' fault for not believing in bitcoin in the fist decade of its existence. They kept saying BTC is expensive when it was $100, $1,000, and even $3000 when it dropped from $20,000. Those who bought and mined early didn't believed in its long term potential and sold BTC cheap. In other words, it's their own fault.
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
These institutional investors will hoard BTC and pump the price for months or even years but remember that they are still a business. They will have to sell this investment asset to the masses who will want to buy at a higher price.
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Yes, If the prices move like this then most of us can not afford to buy BTC in the future even at present the price of bitcoin is quite high that a common man can not afford to buy. Yes you are right if Btc value keeps increasing the BTC will be in hands of the rich and the common man can't think about to buy but it is our fault that we did not trust that much that we should do in the recent years so that we will not repent not to have BTC.
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It is still quite difficult to predict about this. We do not know how the cryptocurrency will develop in the future and what will be the attitude of states and their bodies towards it. However, it has always been the case that those who have capital accumulate in their hands a significant part of any financial assets. Everyone had the opportunity in the early stages of bitcoin's existence to buy it cheaper and be rich today.
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
I think it doesn't matter if bitcoin is still an exclusive item now. This uniqueness actually makes anyone curious and competes to own it. There should be no obsession with bitcoin to become fiat money, because it is impossible ...
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Currently, 1 BTC = 30K USD, this is a huge amount of money, and I have to work 10 years to accumulate that amount. So it is understandable when I cannot afford to own even 0.1 BTC. I think BTC will belong to investment funds, governments and miners.
The poor will not have a chance to own and use BTC
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I agree with this statement. Because Bitcoin is truly extraordinary and can generate huge profits in a short time so it can indeed make us rich. But it must be remembered that the risk of investing in Bitcoin is also great.
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
Bitcoin is largely on the hands of the rich and the influencial because they have the advantage to accumulate or acquire some as an investment. Less fortunate people can still buy on how much we can afford. Do you mind sitting on a sofa doing nothing and watch Bitcoin going upwards? As a less fortunate individual I am still trying to find ways to aquire Bitcoins for a more secured future coz I don't trust fiat.
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If Bitcoin could be bought by me or an ordinary person, an ordinary person would become rich very soon. Bitcoin cannot be bought by an ordinary person. Because it takes a lot of money to buy a bitcoin. Rich people in different countries are earning a lot of money by buying this bitcoin.
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We can already see how institutional investors buy bitcoin for a large amount of money and withdraw it from the exchange for the purpose of long-term retention. Therefore, every day there is less and less bitcoin on the market, which leads to an increase in its value.
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
Bitcoin is largely on the hands of the rich and the influencial because they have the advantage to accumulate or acquire some as an investment. Less fortunate people can still buy on how much we can afford. Do you mind sitting on a sofa doing nothing and watch Bitcoin going upwards? As a less fortunate individual I am still trying to find ways to aquire Bitcoins for a more secured future coz I don't trust fiat.
I think bitcoin is becoming an investment for rich people. Its value will only increase over the years and it will not be available to ordinary people. But there are other coins for investment, maybe they are not as reliable and promising as bitcoin, but they can also bring good income for their owners.
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I also think Bitcoin is going to mean rich and influential people. Bitcoin is out of the reach of the general public. Because the price of Bitcoin is skyrocketing to the general public. It also seems to me that in the near future Bitcoin is going to be used as a resource for rich and influential people.
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There is nothing that can be done to change how wealthy someone got, or the luck that got them there. The technology is still going to change lives, and maybe not as fairly as you imagined. But there is still a better world for you to build.
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bitcoin is for everyone! it just that wealthy are likely to have bags of BTC in their wallet because thye have money to fill in their wallet. while the ordinary people can have it in a small amount. in many cases, large number of people don't own Bitcoin or any other crypto currency. this is becauseany thought that BTC is a scam and they don't like the falls and ups of price.
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Every decision will always require risk. And as in this, if Bitcoin becomes the real money and trusted globally it really has reached the goal of BTC itself. However, can it be? Some countries may still ban BTC as payment. Moreover, we know that BTC is volatile so its value will be also always fluctuating
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Only those who have a lot of money invest in Bitcoin. The lower class people never invest in Bitcoin. There is a lot of risk involved in investing in Bitcoin. Suddenly, the Bitcoin market can be dumped and a lot of money can be lost. But those who have money are not afraid to invest in Bitcoin in the hope of making a profit.
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Only those who have a lot of money invest in Bitcoin. The lower class people never invest in Bitcoin. There is a lot of risk involved in investing in Bitcoin. Suddenly, the Bitcoin market can be dumped and a lot of money can be lost. But those who have money are not afraid to invest in Bitcoin in the hope of making a profit.
I agree with you. Bitcoin trading contains a high level of speculation. And it can only be played by people with above average wealth. So it will definitely be difficult to reach people with a mediocre economy ...
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It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).
The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
I think so. Bitcoin will only be owned by a community of wealthy people, and it is difficult to reach by those with mediocre economies. How not, the price of bitcoin is currently exorbitant and still growing, so only those who have a lot of money can afford it
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If Bitcoin were in the hands of ordinary people like us, it would be much better. But Bitcoin is never in someone's hands or under someone's own control. Because Bitcoin never goes under anyone's control. So in Bitcoin I think the big rich people don't just buy Bitcoin, ordinary people like us can buy Bitcoin according to their ability.
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At present all the influential and rich people in the world are involved in the cryptocurrency market. They always trade bitcoin in the cryptocurrency market. The price of bitcoin is determined based on the purchase and sale of bitcoin. These influential people are the reason why the price of bitcoin rises in such a way.
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As cryptocurrency is able to make a sudden noise, we have to keep in mind that its risks are very big. At present, the price of Bitcoin is very high. And small traders like us can't buy.
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Actually is very true. Bitcoin is actually influencing the influential people. Those who have a lot of money today are holding on to buy Bitcoin and they have become a lot of money today. Poor people like us can't afford to invest in Bitcoin so we can't expect anything from Bitcoin. It's good that we just have to look but can't taste it. But many people who have a lot of money at this time have invested in buying this bitcoin. And if the price of Bitcoin rises further, it will be seen that they are becoming the owners of a lot of money.
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Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw
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Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw
Indeed, there are no specific restrictions and criteria for owning bitcoin. The key is money, you have enough stock or not. And the fact that prices are getting more and more inflated will certainly be a problem for those who have a thin stock of money ...
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I see this as a great opportunity to turn people with limited wealth into quick riches. By holding bitcoin for a while, the opportunity is wide open. But it only works for those who already have bitcoins in their pocket.
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Of course the money of the rich so very influential because all things he want can buy and it is so very respective in all the country according to there business like in the the cryptocurrency can invest big amount of money.
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do you think that many years from now Bitcoin is largely on the hands of the rich and the influential?
Not only rich people have an influence on the price of bitcoin, but those who are not rich will only have a little money if they buy bitcoin and hold it without selling it, surely the price of bitcoin will rise high.
However, the rich are very influential on the current surge in bitcoin prices. When an investor buy bitcoin with a value of $ 1.5b and at that time the price of bitcoin soar
And do you think it would just be fine with this kind of a dynamic?
No one will ever know that all of this will be okay or not. Because basically the price of crypto or bitcoin is very volatile, you can't guess.
But if bitcoin is legalized in a country as a transaction tool, chances are that it will be fine
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It is actually not only about Bitcoin but also all things in the world. Being rich and influential can be searched and we can be them because we know that rich men and also influencers with high followers will be also the first-rate we want to follow the trend.
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Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw
Indeed, there are no specific restrictions and criteria for owning bitcoin. The key is money, you have enough stock or not. And the fact that prices are getting more and more inflated will certainly be a problem for those who have a thin stock of money ...
Now it is very expensive to buy bitcoin for ordinary people at $ 50,000, only very rich people and corporations can afford to buy it for such a price. If bitcoin is recognized in the world more as a means of payment, then perhaps it will be available to anyone regardless of their income.
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Only those who have a lot of money invest in Bitcoin. The lower class people never invest in Bitcoin. There is a lot of risk involved in investing in Bitcoin. Suddenly, the Bitcoin market can be dumped and a lot of money can be lost. But those who have money are not afraid to invest in Bitcoin in the hope of making a profit.
Every day, when the price of bitcoin becomes even higher, I think that only very rich people will be able to buy BTC at this price. The rest of the people can be content with buying a few thousand satoshi.
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That is true, unfortunately. It cannot be helped though.
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This is something very usual if money can talk more and give more influence. As what happens in the real life, people with much money, who are rich will have a bigger chance to influence the condition around. Like here in the crypto world, we can see how rich people really can give influence the market especially the FOMO things in certain coins.
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Bitcoin is for everyone who can afford to buy whether simple or influential people. It wasn't just for Rich and Influential. Nevertheless, influential people once announced his/her/their Bitcoin investment some big business sectors will follow. Then the value of BTC will be hard to dump anymore. Bitcoin is the digital money of the people who can afford to buy.
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actually, at least 5 years ago, everyone had the opportunity to buy and own a certain amount of Bitcoin. But everything in life depends on how knowledgeable a person is or is interested in certain things. If in a certain business or in a certain field of activity there are monopolists or other obstacles to obtaining a certain income, then in the cryptocurrency market, no one hindered anyone from investing and trading. Therefore, each person had opportunities, given the possible start-up capital. Therefore, not only the rich, but also the entrepreneurial and smart people can own bitcoins.
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Anyone can still buy btc, infact it is the very many uniqueness of btc, you don't need to have a huge amount before buying, you can always buy few sat depending on what you can afford, btc is not just the money of rich and influential but money for all.
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Whatever means of payment, large holders will appear at one moment, even if everyone is given the same amount, the market will do its job! Bitcoin is no exception, today it is in the hands of big investors!
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This is the function of Altcoin, at a time when the price of Bitcoin is high and we cannot afford it. We can still buy Altcoins as an alternative to Bitcoin. Because in fact, when Bitcoin has been accepted by the world as a legal currency, Bitcoin and Altcoin which are cheaper have the same function.
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The market is always open to buy Bitcoin either rich and poor as long as money is there. Chance to buy and hold is always possible. To everyone who will buy Bitcoin, I hope they will think twice and do search and calculate the risk.
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Anyone can trade Bitcoin but there is a lot of risk involved in trading in Bitcoin. Not only can a rich person buy Bitcoin but not everyone can but one thing he has to accept is that the risk may not be very profitable. You have to lose a lot. At present, investing in Bitcoin can be profitable.
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Anyone can trade Bitcoin but there is a lot of risk involved in trading in Bitcoin. Not only can a rich person buy Bitcoin but not everyone can but one thing he has to accept is that the risk may not be very profitable. You have to lose a lot. At present, investing in Bitcoin can be profitable.
I think bitcoin not only for rich. We can buy bitcoin at little amount. If you have little fund, I think you can buy too. You also can do daily trading in bitcoin or altcoin. So investing is good for everyone
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In fact, Bitcoin was not so expensive before. However, we often hear that the price will increase, but many of us did not take into account. After that many big traditional investor has started journey in this platform and it has gone beyond the reach of common people.
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It is likely a good interest to talk about the rich and the Infleuntal. In the real world, we will also meet with the richmen and also busines men. And now, I am going to find the influence by the rich person is very big and we can instant the previous setting
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Due to the high price of Bitcoin, many people think that they may not be able to invest a small amount. Anyone can invest in Bitcoin but in small amounts. The more he invests in Bitcoin, the better he will be in the future. The Bitcoin price must exceed $100k.
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Bitcoin can be owned by anyone, someone who doesn't have much money can buy at least $50 and if they don't have money, they can own bitcoins using the faucet website, as long as they have a smartphone and a computer, I think everyone can own Bitcoin even in a small amount
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I believe in the future Bitcoin will be in the hands of rich and influential people because of high cost and an ordinary man will not afford to buy but we should not blame that situation that can happen in the future even we also got chance to buy bitcoin at less value but now the market value of BTC is quite high to afford by a common man But if we act on the right time we will also hold a good amount of Btc by now. Apart from those who trust Btc and holds it for long are now happy and they do not need to think otherwise.
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All currencies are controlled by the rich and influential, Bitcoin is no different.
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The earlier you understand Bitcoin as a financial asset, the more you will have of it. I know that Bitcoin was developed to serve as a currency.
Come on, now, really, does anyone else believe that? Currency? Money? Something like Fiat? A lot of institutional don't believe in this, why should you?
Gold? Yes, more like that.
Anyone who owns half or even a whole Bitcoin in 5 years will be part of the elite, one that belongs to 1% of the population, something special.
Oh well, a bit overdone ;D
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Bitcoin is digital gold that will help preserve wealth and protect against inflation and national currencies! Today, not many people own gold and the main reserves are in the hands of large investors, so it will be with Bitcoin!
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Bitcoin futures are very good which can never be imagined so Bitcoin price is possible. If you want to get rich in a few days, you must invest in Bitcoin. I think those who invest in Bitcoin must be very rich. If he wants to be big in life, he must take big risks, then he can be successful. Now that the price of Bitcoin has come down, there is no reason to be afraid. Of course, the price of Bitcoin will go up.
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By trading on Bitcoin and also other coins in crypto, it will indeed be able to make us suddenly rich. But we also have to remember that the risks are very big.
Risk is very well associated with cryptocurrency. You can never be successful without taking cryptocurrency risk.However, those who can afford to invest more in cryptocurrency can see the face of success.Hope you understand.
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Bitcoin is the money of everyone who can afford to buy. Basically Bitcoin is convertible to money so BTC is a valuable investment that good to save for the long run. Bitcoin with leading altcoins are good investment and this opportunity is open for everyone who can afford to buy. This is just for the rich and influential people. Bitcoin is decentralized and accessible by the people who knows how to avail and store it in the safe wallet.
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I dont understand why is Bitcoin "Money of the rich", while everyone can have it. There are a huge number of options how to become a bitcoin owner, even in the areas where crypto is prohibited. Just buy, hold and become rich also. Like people say "market is always open" and everyone is welcomed.
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Bitcoin is the money of everyone who can afford to buy. Basically Bitcoin is convertible to money so BTC is a valuable investment that good to save for the long run. Bitcoin with leading altcoins are good investment and this opportunity is open for everyone who can afford to buy. This is just for the rich and influential people. Bitcoin is decentralized and accessible by the people who knows how to avail and store it in the safe wallet.
The fact is that today Bitcoin has already risen in price quite high, but nevertheless, if we take into account the forecasts about its future prospects, it is still quite an attractive investment asset. It is not necessary for a person to buy one or two Bitcoin, and if he can afford to invest a certain amount in Bitcoin for a long time, then this will definitely bring him a profit. Thus, it is not only for the rich, but for those who have information and understand what they have to do, and whether they have money to risk it.
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I dont understand why is Bitcoin "Money of the rich", while everyone can have it.
Yep, Bitcoin is for everyone, even for rich or poor people. It is also not a sign of being rich or poor in life, having Bitcoin is a common thing right now. However, it is true that investing in Bitcoin can make people be rich since Bitcoin investment has a big potential to gain high profits. But it doesn't mean for rich people only or the sign of a rich people.
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I dont understand why is Bitcoin "Money of the rich", while everyone can have it. There are a huge number of options how to become a bitcoin owner, even in the areas where crypto is prohibited. Just buy, hold and become rich also. Like people say "market is always open" and everyone is welcomed.
Absolutely Bitcoin is not just for the rich rather for everyone who can afford to buy even they are from prohibited countries. There are more ways to buy Bitcoin and hold but it doesn't mean to become rich someday. It depends on how much you hold and what will be the value of Bitcoin in the future. And how did you manage the wallet keys to make it safe.
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The price of Bitcoin fluctuates a lot in the cryptocurrency market. But the cryptocurrency market is certainly important for investment and trading. Investing in the cryptocurrency market tends to be much more profitable than most.So the demand for cryptocurrencies is constantly increasing. Bitcoin in particular is becoming much more valuable. May be used as an alternative to future money.
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If in my opinion bitcoin can be owned by anyone but the most influential thing is the person who buys bitcoin on a large scale which is very influential on the price of bitcoin, when large purchases of bitcoin supply become scarce this is what makes bitcoin prices go up, during large sales bitcoin price will go down.
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Come on, everyone can own Bitcoin, even though the elite have 100 Bitcoin and I have at least 0.005 BTC, that number will still be valuable, we can buy Bitcoin anytime.
There is nothing to worry about, everyone can buy Bitcoin according to the funds they have.
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Yes, that's right. This bitcoin makes the sound of those who can buy and invest. Those who have money and those who can take ricks can be rich in the future. In fact we don't have money, we can't buy bitcoin and we can't make money from bitcoin. Many of those who have money have bought and invested in Bitcoin and made millions of rupees from it. So I would say that Bitcoin sounds late.
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To put it in simple words, this is a fast payment system that has been made for all users with cryptocurrency.