I found out that the global average adult income is around $23,380 yearly. The bottom half only gets about 8% of that, which is super low, like $3,920. Seems like most of us don't even crack $50,000 a year, so how's that gonna work with BTC prices?
Is Bitcoin Still Worth Investing In?
21 replies 369 views
fewunderstandLegendary
Posts: 108 · Reputation: 5964
#2Jul 2, 2019, 05:23 AM
Absolutely, centralization is creeping in. With institutions and governments getting involved, it raises flags. But hey, Bitcoin still runs on proof of work, which keeps it decentralized in theory.
Yeah, but you know you can buy Bitcoin in small fractions, right? No need to have a whole BTC to invest. DCA can help people still feel the freedom Bitcoin offers, regardless of price.
I hear you, but we've got this belief that BTC is just gonna keep skyrocketing. Every cycle brings new hype. Mining limits are a thing, but your worries might be premature. We can't predict the future.
True, it’s tough to get BTC now, but it’s not about being elitist. Bitcoin's matured, and that’s a good thing. You can stack small amounts and still win in the long game.
Come on, your argument is weak. Comparing BTC's value to average income? Really? You don’t have to own a whole Bitcoin, just buy what you can afford, dude.
chain_2011Newbie
Posts: 32 · Reputation: 28
#7Jul 4, 2019, 07:17 AM
Investment value is still there for BTC. Just look at the charts it's been growing! If someone can't afford 0.1 BTC, they can buy smaller amounts like 0.01 or even 0.001. It's about the will to invest.
DCA is where it’s at! If you compare it to gold, Bitcoin's performed well. You might not get rich quick anymore, but DCA is still solid. Just because it's pricey doesn't mean it can't increase!
Can I get some references on those stats? Sounds like you're just throwing numbers around without solid backup.
Early adopters definitely had to wait a while to see results. Most joined out of passion, not just to invest. Good things take time, after all.
AtomicRavenNewbie
Posts: 49 · Reputation: 29
#11Jul 7, 2019, 03:28 PM
If your income is low, it’s not an investment problem; it's a low income problem! Just buying a small amount of BTC won’t magically make you rich.
Sure, DCA works regardless of income level. You can save small amounts monthly like you would for a bank. It's not just for the wealthy.
The idea that Bitcoin can make everyone equal is just unrealistic. It really depends on individual effort and timing.
To gain from BTC, patience is key. It's about long-term holding, not quick gains. Volatility is down, but cycles still matter.
raven_2020Member
Posts: 88 · Reputation: 61
#15Jul 11, 2019, 09:00 AM
There’s no law requiring people to own 1 BTC. That was a fairytale a while back. Today, if someone can only afford 0.1 BTC, then they can aim for less 0.01, or whatever works for them.
coldstorageNewbie
Posts: 65 · Reputation: 38
#16Jul 11, 2019, 02:06 PM
True that, expecting someone making $3,920 a year to get 1 BTC is crazy. But it can still provide financial freedom based on what you can afford.
wildoracleMember
Posts: 46 · Reputation: 44
#17Jul 11, 2019, 08:28 PM
Teens with regular income can buy Bitcoin too! As long as they plan their finances, they can save a portion for BTC investment.
real_protoNewbie
Posts: 81 · Reputation: 14
#18Jul 11, 2019, 10:13 PM
You don’t need 1 full Bitcoin! DCA lets you build your stack gradually, and that works for low budgets.
Nice insights! You really nailed it. Wealth disparity is real, and Bitcoin won't change that overnight. The rich will always have the advantage.
AtomicDefiNewbie
Posts: 8 · Reputation: 14
#20Jul 12, 2019, 02:58 PM
Yeah, the rich always seem to benefit more in this economy. Bitcoin was made to challenge that, but it's clearly not a magic fix.