Poverty eradication is deep, really deep. Poverty can only be eradicated when our scarce resources are distributed equitably to all, i mean everyone and this can not be achieved with just Bitcoin alone, especially considering the fact that many are still yet to embrace Bitcoin and all the benefits that comes with it. Bitcoin can only assist in reducing the level of poverty but not to eradicate it completely. It is left with the government of a given country to put in place good policies that will enhance the equitable distribution of scarce resources, until this is done, then poverty can never be eradicated.
We just have to be honest with ourselves, not everyone who invest in bitcoin will make it through bitcoin. The Bitcoin market is highly volatile, and not many will understand how the market works and how to follow it up. Those who do not understand how the market works might record losses instead of gaining.
Topic: Can Bitcoin create an opportunity to reduce poverty? - page 6. (Read 1310 times)
It is not all the people that will benefit from and Bitcoin will not reduce everyone from poverty but for those who are lucky and come to it and invest in it. And anyone who thinks Bitcoin will make them to become rich for over night will be disappointed. Bitcoin nis for all but not all will benefit from it. I will not say Bitcoin can't reduce poverty because many have benefited from it and Bitcoin has created a lot of millionaires and billionaires. So those who are serious and investing for long term and when the bull times comes for you to harvest then your poverty will be eradicated.
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Can Bitcoin create an opportunity to reduce poverty?
Bitcoin cannot eradicate poverty because poverty is an inseparable part of human life and humans as perpetrators can only reduce the level of poverty to a certain extent because this part is multidimensional and occurs due to many factors.Bitcoin is just a payment network or a type of currency like a means of payment that can be used for transactions anywhere, even though in practice Bitcoin is used as an investment.
Other facilities and infrastructure that are part of the poverty factor are not resolved by Bitcoin, but are resolved by the people, namely the state and us as humans who have the heart to be sensitive to others.
I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment. Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.
Bitcoin cannot be a solution to overcome poverty in this world. What can overcome poverty is of course the government which can make good policies. For example, good education can play a role in alleviating poverty, because good education can change the mindset of poor people who were previously resigned to a mindset of progress, and have greater opportunities to get a job.After getting new money he invested in bitcoin for the long term using DCA and was ready to take risks so he could improve his finances better in the future. Because not everyone can get free bitcoins, most of them get rich from bitcoins because they buy bitcoins gradually and keep them for the long term.
I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment.
The problem is not the opportunity to change someone to be stronger in reaching the stage of financial freedom but rather how someone handles investments responsibly which does not put them in a state of panic which results in the risk of loss. In fact, poverty is a pretty big problem at the moment and just like you said, how can they be involved in investment if they don't have money to support it.Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.
The risks in Bitcoin are much greater when someone doesn't understand how it works and I'm sure people who don't have good financial skills will never learn to understand it. Not everyone can overcome poverty through investing in bitcoin because it talks about the availability of capital and only a few people get involved in bitcoin when they do not have a balance of income and spending money for daily needs. It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
Learning Bitcoin and Altcoin is free online, and it can be learned by anyone. It is not like wealth or physical money that needs to be transferred to you, it is your own will to learn it and eventually earn from it. Though the opportunity is there, it is not guaranteed to reduce the poverty on it completely. There may have been others who moved to the middle class before, but there are still only a few people on it and again it is difficult to rely on it. Now it is better to find a job to feed you.
There is every possibility of learning Bitcoin without paying any penny, it has been free just left for a person to be very much inquisitive to gain this knowledge about Bitcoin. Doing Bitcoin is not a professional job and learning in it should be done during leisure or creating space for it after your working hours.
For the case of Bitcoin eradicating poverty it is quite not possible, it may help few and not all the masses. Most people don't believe in Bitcoin, they still have the heart of fear and doubt so they refuse to invest, only work with those who are ready and willing to accept Bitcoin as to help them partly in eradicating poverty. Bitcoin alone won't help you eradicate poverty also try as much to get a good physical paying business.
For the case of Bitcoin eradicating poverty it is quite not possible, it may help few and not all the masses. Most people don't believe in Bitcoin, they still have the heart of fear and doubt so they refuse to invest, only work with those who are ready and willing to accept Bitcoin as to help them partly in eradicating poverty. Bitcoin alone won't help you eradicate poverty also try as much to get a good physical paying business.
I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment. Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.
This is no longer "can", bitcoin has already created the opportunity for poverty rate to be reduced by creating an opportunity for investment. There use to be a big gap for the poor and average to fill before becoming rich, but with bitcoins, an opportunity have been created that can help the poor fill the gap and turn their fortune in a very short time.
Please enlighten me as to how the gap between the rich and the poor has been filled by Bitcoin. My knowledge base says it cannot be done as 1 Bitcoin cannot be bought by a poor. If a poor gets money and tries to buy Bitcoin in small amounts, the next issue a poor guys will face is the sudden increase in Bitcoin transaction fee, which can go upto $40 in the current situation.
Don't bluff! Give facts to counter your reply as without facts nothing seems convincing. My observation is that Bitcointalk forum can get a poor person out of poverty, if he/she has the ability to grow in the forum. Without this forum many here would have achieved nothing. Bitcoin is for everyone and so is the forum, which you would know how it has helped you and many more like us to achieve financial liberty.
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This is no longer "can", bitcoin has already created the opportunity for poverty rate to be reduced by creating an opportunity for investment. There use to be a big gap for the poor and average to fill before becoming rich, but with bitcoins, an opportunity have been created that can help the poor fill the gap and turn their fortune in a very short time. The money usually needed to find good money, is usually a lot of money. With bitcoins, small amounts of money within your means can steadily be invested.
that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
According to you for the government it is something that must be implemented without taking advantage of transformation taxes and so on. Tourists visiting on holiday should use state banknotes for what purposes? to increase demand and increase its value. I know what you mean, it's just that things can't be as easy as you want. Each country government system has its own authority and policies regarding digital assets. Even though you suggest implementing a payment system via crypto assets on the other hand there are many considerations to overcome its volatility. Therefore to respond to technological advances the government issued a CBDC. 
Yes it can help you to get out of poverty if you are intentional about it. Some while back used to be broke despite having monthly paid job till one of my younger brother introduced me to Bitcoin trading and since then I never lacked. This has help a great deal though Bitcoin teaching and acceptability has been free over the years many people are still afraid to invest because they have wrongly invested in other crypto and have lost all their monies but if they can bank on Bitcoin they might yet win again
Some other people are like you who used the opportunity to trade in the crypto market with their salaries and some others also made some huge steps where they aim for the future which is they took the right way by giving up their bad habits and converting the funds for that too but bitcoins and most of them became successful because bitcoins won't burn your money instead it multiplies and also preserved it. If they only take advantage of this opportunity to invest, they would have one of the people to rejoice today but unfortunately, most of them are still in doubt about it and the result is, that they don't get any change in their lives either.
maybe for some people, they can eradicate their poverty through bitcoin, whether they become traders, education providers, developers, etc. however, for bitcoin to be able to completely eradicate poverty in a country is impossible. that's because bitcoin has limited opportunities that can be explored in its ecosystem and moreover, bitcoin's function is as a tool for transactions, not to eradicate poverty.
still, the best way to eradicate poverty is to rely on your government or look for various business opportunities around you and take advantage of them.
still, the best way to eradicate poverty is to rely on your government or look for various business opportunities around you and take advantage of them.
OP, you need to look at the problem of poverty it depends more on the individual problem than to talk about the problem of the media and here it is through bitcoin. Similar to the way you posed the problem, I can use your own argument to ask something like "Can money, gold,.. create an opportunity to reduce poverty?"
Being rich/poor is up to us to decide, learning and applying knowledge reflects the results and going through many different fields to help us reach our goals, but remember that the core still human. So there are many rich/poor stories in this field, its fairness lets us understand that if not in this field, then other markets will be similar.
Being rich/poor is up to us to decide, learning and applying knowledge reflects the results and going through many different fields to help us reach our goals, but remember that the core still human. So there are many rich/poor stories in this field, its fairness lets us understand that if not in this field, then other markets will be similar.
When we invest in Bitcoin, however, if we invest patiently, we can get some profit from this Bitcoin investment over time. Just because many of us have become financially prosperous through Bitcoin investment does not mean that the poverty line can never be controlled by Bitcoin. Because those who invest in Bitcoin do not have a long-term plan, investing for a short period of time does not bring much success. How do you invest in Bitcoin if you are poor? Many times it is seen how many poor people invest in bitcoins by taking loans from others. In fact this kind of investment is very risky for bitcoins because once the money is lost then he will be completely destitute.
Why people think about bitcoin can reduce poverty? While its really up to the person on how they could change their life by adopting it. Bitcoin is just a tool which actually have a lot of opportunities to take since this is well adopted by to many people around the world that's why any individual could seek for better opportunity by using this to change their lives. Bitcoin is just a tool and some people misinterpret it that's why instead of making their life better the one they encounter is huge risk and they lose their money because they believe that there's easy way for them to get rich and they had been taken advantage by those scammers.
It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest.
I don't think the bad road would be a valid reason for anyone to not to go to their state to celebrate Christmas, and I don't know how much it costs in foreign countries, but in my country, the majority is Muslim and by this info, you can assume that those who celebrate Christmas don't celebrate at the level at which other countries celebrate, it's not that our culture is stopping them. Well, we are being off-topic here, the point is, that transportation is not that expensive unless you are traveling from one country to another. .that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
I respect your thoughts as BTC and alts will really eliminate poverty, I am a live example of it, like if I would not know this forum, then I would not be joining any signature campaigns, as a student I have to make my living, and I belong to a lower class family, which means I have to meet my family expenses too. And you will be shocked my all earnings are coming straight from BTC or from 
its a tool, not a cure-all. Digital currencies can skip banking constraints and reach underprivileged populations, promoting financial inclusion. Is the poor ready for such a technical leap? Bitcoin training is helpful, but without financial understanding and technology, its ineffective.
While decentralized money empowers people, Bitcoin is volatile. The poorest are at risk from this volatility. Digital currency enthusiasm must be balanced with realistic appraisals of its potential and threats.
Recognise that poverty is complex. Bad government, weak infrastructure, and economic instability are deeper issues than digital literacy and financial education. Bitcoin can help, but not too much. Poverty reduction is a bigger picture.
While decentralized money empowers people, Bitcoin is volatile. The poorest are at risk from this volatility. Digital currency enthusiasm must be balanced with realistic appraisals of its potential and threats.
Recognise that poverty is complex. Bad government, weak infrastructure, and economic instability are deeper issues than digital literacy and financial education. Bitcoin can help, but not too much. Poverty reduction is a bigger picture.
There are many countries present which due to the poverty haven’t tested the presence of internet. In these types of countries introducing Bitcoins will be really tough. They are unable to get the basic necessities, they won’t easily trust on the coins if also it is introduced. Poverty can be eradicated only through smart work. I am sure that smart people are already investing in the coin in order to come out of the poverty.
Bitcoin can create an opportunity to help reduce the rate of poverty to an extent like 20% if 70% of the entire population is aware of and invests in bitcoin, though bitcoin has limited liquidity. I believe if 70% of the population of the world understands the value of bitcoin and invests in it, it will create an opportunity to reduce poverty because bitcoin will make a lot of people understand investing and how money can be shared, although poverty cannot be eradicated because there will always be a winner and a loser due to FOMO, or level of greed, which is the screen of wealth creation.
What are your own thoughts?
What are your own thoughts?
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