Based on what I've found, the typical income for adults worldwide, when you factor in purchasing power, is around $23,380 a year. The lower half of earners only take home about 8% of that total, which means they’re making roughly $3,920 annually.
It’s fair to say that over 90% of people globally earn less than $50,000 per year.
With the current price of btc, that figure hardly covers half of it. Here’s my take: if most of the global population, who earn below $50,000 a year, can’t realistically put money into btc like they used to, and buying even a fraction like 0.1 BTC seems out of reach, it feels like btc has shifted from a symbol of financial freedom to more of an elite asset that only the wealthier folks or early investors can access.
I’m not disputing btc’s role as a store of value or its potential against inflation, but the dream of it being a wealth equalizer seems pretty distant for many. Most people are just watching from the sidelines.
I genuinely believe btc is headed towards being more centralized as institutions keep scooping it up. Sure, the price will keep climbing, but I think there’ll be a point where it hits a ceiling and can’t rise any further. It’s like reaching a climax. Just some thoughts I had earlier, what do you all think?
btc is becoming a tough investment for most people
19 replies 229 views
stack_laserFull Member
Posts: 103 · Reputation: 310
#2Dec 24, 2023, 05:03 AM
Everyone will definitely ya e that fear of centralization of Bitcoin since Bitcoin is getting exposed to both institution and government, although the good thing is that, Bitcoin operates on a proof of work network which ordinarily keep the protocol on a Decentralized bases.
Unlike Ethereum that is a proof of stake, network that allows for interference that leads to centralization of the network by the highest liqudities provider's, so for some reason Bitcoin will remain expensively decentralized.
From my research is possible to buy Bitcoin in satoshi and isn't compulsory to own a full Bitcoin
And it's possible to buy at interval.
It still represent financial freedom for every one and it's price doesn't change that
Since one can get it at any reasonable amount.
this is so unrealistic. There would always be disparity. Everybody can be equally wealthy
They might be given same opportunities doesn't mean they would all be equal
Well see that then. Because the majority of us are believing that there will be no ceiling for Bitcoin's growth, each cycle, there's always the narrative that we are uniquely seeing. And the adoptions that we've got are staying in it. While your thoughts could be valid and that's what you're thinking and worried with, the others are thinking about this when mining has reached its supply limit and that's going to happen for so long. But with this thoughts of yours, we'll never know if this is going to be at some point in the near future.
Youre not wrong that BTC feels harder to get these days thanks to it current high value but I wouldnt call it elitist or unprofitable, its just matured.
You dont need a full coin to take part, you can own Bitcoin by stacking sats which will still make sense in the long run.
And for institutions buying in, that doesnt mean Bitcoin is becoming centralized, it just shows its going mainstream.
The wealth gap is a global issue not a Bitcoin flaw. Maybe the get-rich phase is over but the get-free phase I think is still open to anyone who understands what Bitcoin really stands for.
Your opinion is left to you and you need to stop this childish explanation you have put together to make us think like Bitcoin has no value.
You need to come up with more substantial information about your comparison with Bitcoin not to your annual salary.
The problem here is that, is it not a must for you to own 1 BTC, invest according to your pocket. You have to buy according to what you can invest because the price is volatile. If you don't have any idea about Bitcoin and the potential of making you financially bouyant, you can ask questions. There are many people here that will be willing to help you comprehend why Bitcoin is created and the financial freedom you can get when you invest in Bitcoin but not comparing it with how much people are earning annually. Go and write it down, a time will come when you will remember this thread and the advise given to you, I hope it won't be too late for you then.
cryptolordFull Member
Posts: 88 · Reputation: 316
#7Dec 26, 2023, 10:38 PM
Bitcoin still has investment value as it continues to grow and more people adopt it. There's no need for a lot of "ifs", if you look at the chart, you can see how it continues to grow over time. So, you'd be wrong to say it's almost an unprofitable investment.
If they can't afford 0.1 BTC, they can choose 0.01 BTC, if not, they can choose 0.001 BTC, or even smaller amounts. No matter how much money they have, they can invest it in Bitcoin. All they need is the will, if they want to invest in Bitcoin, it's absolutely possible.
boss_wizardSenior Member
Posts: 270 · Reputation: 1192
#8Dec 26, 2023, 10:48 PM
Since bitcoin has decimal, DCA is still profitable. It performed really good on par with gold. Had you put your money in bitcoin from previous year you're probably already sitting around 2-3x from your principal.
There's no such thing as get rich quick anymore because bitcoin has reached high valuation, that chance is only for early adopters. But DCA is still great. I don't see any problem here. Just because bitcoin already high valued doesn't mean it can't go even higher.
Any references to know more about how true this statistics are, or they are just coming from your head without any reference through which you got these information in details like this.
There is nothing that could make Bitcoin more of being centralized, just try to know this first and don't take the government or institutional adoption as a reason for us to have it in such manners, because every holder or investors will have the aim of making profits, as some are buying, others are selling and it value increases the more over time.
Initially, even early adopters have to spend few years to see some results on their "investment". But I think that initially people that joine bitcoin was for pure passion.
What people don't realize is always the same... the good things come with time.
If you are in for investing probably you cant see in bitcoin what you need to see...or at least you're still using the wrong unit of measure
If your income is low, you don't have a savings problem nor an investment problem. You have a low income problem. If you want to become wealthy you must grow your income. Buying 0.1 BTC or even 0.01 BTC and waiting for the BTC price to hit a million dollars doesn't seem like a serious path to wealth(even though it might seem possible for BTC to hit very high price levels at some point).
Bitcoin isn't some sort of magical wealth equalizer, that would make all people around the world wealthy. Dumb and uneducated people would always be poor. Even people with low income could DCA and slowly accumulate BTC, but this won't make them rich, it would simply grow their savings, but their savings would remain moderate. Low income leads to low savings.
CyberFalconFull Member
Posts: 167 · Reputation: 738
#12Dec 27, 2023, 10:21 AM
Do you know about the DCA strategy? It doesn't matter if your yearly earnings are below $50K; you can still invest from your savings. You know, when we intend to save in the bank, then we keep saving an amount per month. In the same way, you can keep saving your Bitcoin. The advantage is you can even purchase $10 worth of Bitcoin. That's how you can keep purchasing Bitcoin by following your income. So it should remove from your mind that only top incomers can buy Bitcoin.
Why do you think Bitcoin is moving to more centralisation? Is it due to institutional investors? If so, then I don't feel you are right. Bitcoin was decentralised from the beginning by nature. It can't be centralised anyway; anyone could accumulate any amount of Bitcoin. That's actually due to decentralised behaviour; no one could prevent someone from buying Bitcoin. And I don't feel the Bitcoin price will stop somewhere; it's volatile, and it will be. The history of Bitcoin breaking ATH, and it will always be the same, so don't be disappointed about the price.
Humbl3M4xiFull Member
Posts: 52 · Reputation: 408
#13Dec 27, 2023, 12:47 PM
The wealth equalizer of course cannot, it will only be your hallucination, all depends on your own ability to get bitcoin, roughly speaking, you will not get anything when you are late doing everything from others to have bitcoin.
No, bitcoin ownership will not affect bitcoin decentralization, no matter how much he has, whether it is an institution or not, Bitcoin is not the same as altcoins which are used as governance tokens in a project so that they have a special voice as a coin holder, there is no bitcoin, except for the miner or who validates the transaction, when you become the only one then the centralization will be real.
To see results with BTC, you need years, you needed them previously, and it's the same way with the cycles now, albeit not as volatile as it was.
There is nowhere a law or promise which states everyone should get or even
strive to get BTC1. It was a man made target a few years ago when it was actually
reasonably achievable. I'ts not anymore for the wider population as you point out.
So if anyone cant afford to have BTC0.1 well then they can add a zero, BTC0.01, BTC0.001.
You have to consider the saying "The rising tide floats all boats large and small
Do you really expect people who earn ~$3920 per year to be able to get BTC1?
if you do you are delusional.
but it still offers "everyone" financial freedom but relative to your financial means.
Anyone can buy Bitcoin/Satoshi's with as little as $5 or less and if the market rises
20% everyone gets the same rise regardless of whether you have BTC100, BTC1 or BTC0.01.
Elite asset - please think of the glass being "half full".
In a society where the average earnings is $3920 well then anyone having BTC0.01 could
be classed as owning an elite asset. Its all relative.
With the average income of teenagers globally, it is still possible for them to purchase Bitcoin as long as their income is regular.
If their income is fixed, then to save value for the future, it is still possible for them to make regular purchases with financial planning that has been set in their respective percentages.
How big your income is, taking into account your needs, then we can set aside a portion for Bitcoin investment.
If you say Bitcoin investment is not profitable, I don't think I have found the truth there.
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#17Jan 1, 2024, 05:13 AM
People don't have to buy 1 Bitcoin full but they can buy Bitcoin gradually. We have DCA methods that help people buy Bitcoin continuously.
The method works best for those who don't have much money so they can buy from small to big amounts and hodl it for some years and see the profit they may make. That will not stop them from continuing to buy especially for those who benefit from Bitcoin.
Accumulating Bitcoin using the DCA method will give you a chance to have Bitcoin even if the price increases high. If you keep buying Bitcoin and you hodl it for some years, you will see the chance of profit you can make in the future.
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#18Jan 1, 2024, 11:03 AM
I must say you have a sensible and constructive post here, and I love it. Your position on this is valid and clear, which further buttress the disparity in this world. It is not going to change. The rich will always become richer, they already have the resources and advantage, which the commoners can't contests, not even with Bitcoin. The higher your money, stake, investment, the higher your return. But it's unfortunate that the gap between the rich and the other classes is becoming too much in Bitcoin possession. This may have some future implications as the rich controls. And as we know that the rich are notable in the society and often declare their assets, the government might indirectly control Bitcoin more.
Oh, true! As you can read from my post above, there is no way they will not try control. But that's their headache, because even if it is 0.01BTC that you have, it is yours 100% since it's decentralised. So this decentralisation part of Bitcoin can't be taken for granted regardless of the rich owning the higher size.
orbit_sageMember
Posts: 23 · Reputation: 161
#19Jan 1, 2024, 11:57 AM
The rich have more advantages in the current capitalist economy and wealth investment. In this economic structure, the increase in wages or labor costs is relatively slow. Money brings money, so when the capital of stocks, real estate, and crypto markets increases, the rich get richer, while the poor struggle all their lives to meet their basic needs. However, about 80-90% of the world's total wealth is now in the hands of the top 10% of the richest people. Although it is painful to hear but this is the real truth.
Bitcoin was not born, but it was created with the aim of breaking these inequalities, that is, as a protest against the unfair economic system.
In 2008, when banks and governments were working together to save the rich with the tax money of the common people, Satoshi Nakamoto created Bitcoin at that time. That is why the Bitcoin Genesis Block still says The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. Which was a kind of protest and this message means that the bank-based economy is not fair to the common people and Bitcoin was created for revolution against this oppression. So whoever thinks or says that Bitcoin has now become a thing for the rich or has gone beyond the reach of the common man, I do not accept it and do not agree with this opinion. Because when its price was $1, some people believed it, and when someone says that its price will be $1 million, some people still believe it. And this belief does not come just like that, but more thought, interest, knowledge, prudence and real experience about it force them to believe it. So, not just for these two or three reasons, but for many more, Bitcoin is used as a hedge against the decline in the value of fiat currency.
So do not think that Bitcoin is only for the rich because its price is high, but I will tell you - do not need to buy a whole 1 Bitcoin. If you want, you can also buy small parts such as satoshi or sats. For example, 1 BTC = 100 million satoshi. Stacking sats means - regularly accumulating small amounts of Bitcoin, which can be profitable in the future and it can be bought or stacked sats by people of any income. We may not be able to make big economic changes in the world alone, but we can make ourselves more confident and economically stronger through DCA or this accumulation.
orbit_rocketFull Member
Posts: 59 · Reputation: 257
#20Jan 3, 2024, 09:04 PM
There's a big difference between "unprofitable" and "life changing".
Bitcoin is still profitable, way more profitable if you compare with other investments e.g. time deposit, mutual funds, or any assets which offer fixed return when the value of the asset decrease overtime.
Well anyway, Bitcoin isn't created to make everyone able to own Bitcoin.