Can Bitcoin help? - page 2. | Bitcointalksearch.org

Wakate

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Quote from: rachael9385 on November 02, 2023, 01:47:11 PM

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

The impact if Bitcoin is huge and we can not underestimate that. Many of the crypto billionaires that we see today are people that had benefited from the market from the time when the price of Bitcoin was very low. The rich or the poor can always invest in Bitcoin and make reasonable profits from the market if they can buy at a very low price an wait for when the price of Bitcoin would skyrocket. Patience is what matters in the market for us to make a lot of money. Bitcoin is still in the bear market currently and holding and accumulating more positions would benefits us a lot making good profits from the market.

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Quote from: Blitzboy on November 03, 2023, 03:13:53 AM

Quote from: Marvell1 on November 03, 2023, 01:01:16 AM

Quote from: pawanjain on November 02, 2023, 11:58:54 AM

Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

Yes, it is a brave idea to suggest that the impoverished should invest all of their meager resources in a single asset like Bitcoin. Theres a case to be made for the fact that cryptocurrency volatility can result in substantial profits and materially improve one's financial situation. But the opposite is also likely, as there is a chance that the risk will exacerbate their financial conflict. Should we not consider whether this approach could exacerbate the poverty cycle instead of breaking it?

Clearly, a lot of wealthy people have raised their socioeconomic level by taking calculated risks. The widespread belief that Bitcoin represents a once-in-a-lifetime opportunity should be questioned, as not everyone will experience this. Making financial decisions requires careful consideration of their wider ramifications and possible outcomes, particularly when there is significant risk involved.

That's why I say, they need to use the money they can afford to lose, and like I said to be successful, we need to take risks out and out of our comfort zone. We should not think too much, do not let fear delay our plans.

If we are always afraid and want to be safe, success and wealth will come more slowly, maybe even never come. Opportunities are always hidden behind risks and we need to accept risks to be able to find our opportunities. As for me, I am willing to trade to seize this unique opportunity. If we ignore bitcoin out of fear, do you think another opportunity will come our way?

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Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

Bitcoin is indeed an improved currency which offers unique opportunities even for those people who have nothing except an internet connection. But as far as how much it can help them... That remains to be seen. I am sure there are wonderful ways which we have yet to discover, to help the less fortunate. Faucets used to be quite a help but with the Bitcoin fees as they are nowadays, it might not be seen as very viable. But in countries where each cent is important, even faucets might help, given a long enough time collecting miniscule amounts.

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Quote from: rachael9385 on November 02, 2023, 01:47:11 PM

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.

I don't think it's that far bro. The country's finances are not improving, there is nothing to do with it because they don't allow bitcoin, the country's finances are not good because of something that is happening both within the country and abroad. or because the government cannot properly regulate and empower natural resources and human resources and many individuals in the government are busy seeking personal gain, aka corruption.

Quote

Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

Bitcoin is open to everyone to have the opportunity to gain profits in the future, of course this requires good knowledge so that we buy bitcoin correctly. and hold it as a long-term asset.

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Quote from: Marvell1 on November 03, 2023, 01:01:16 AM

Quote from: pawanjain on November 02, 2023, 11:58:54 AM

Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

If a poor person has $5000 to invest, would you advice him to invest all of it in bitcoin ?
I would certainly not because tomorrow if the market crashses then his $5000 can become $2500.
The poor person would panic a lot and can take certain steps which he shouldn't.
I know the opposite can happen too but generally the amount of happiness is less when compared to panic and stress.

If he diversifies his investment in 2-3 assets then the risk would become balanced.
The profits might get decreased but steady growth should be the actual goal.

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No one but me can tell you how much Bitcoin has supported me. Bitcoin has supported me in education as well as most of my personal expenses. Moreover, Bitcoin is a virtual currency where anyone who takes it as a part of his career will definitely get support in one way or another. Many unemployed youths have built their valuable careers depending on Bitcoin. Many countries have launched educational programs on Bitcoin and are making a certain portion of their human resources proficient in Bitcoin.

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Quote from: komisariatku on November 02, 2023, 08:32:35 AM

Quote from: fuguebtc on November 02, 2023, 08:25:57 AM

Quote from: yazher on November 02, 2023, 07:43:03 AM

It depends but at the end of the day, bitcoins are just an asset that you could just simply buy low and sell high. You need to have enough knowledge in order to make money from it because you need to learn daily trading if you want to make it your daily job. in other words, it is just simply like any other source of income where you need the basic necessity to make it a money-making platform. But most people are just buying bitcoins and holding them for the long term or until they see the price worth selling their bitcoins. Nothing special here you just need to have enough patience to wait and not to listen to any FUDS whenever there's one.

But this is not easy and not many people can do it. Even professional traders or experts are not sure that they can guarantee daily profits and consider it as the main source of income . So how can you ask poor, uneducated and ignorant people to participate in trading? Actually, everyone likes to trade, likes to make money every day by trading. But people just buy and hold for the long term because they know that trading is not easy and most end up losing money.

Yes, it's true, bitcoin trading is an activity full of risks, especially if the capital is small then the results will also be small. One way to trade to make more profits is to trade futures, but this increases the risk tens of times. Carrying out trading activities with the aim of making daily or weekly profits is very difficult and requires a lot of experience

Providing a solution like this to people who don't know about bitcoin increases the risk. I think using trade to help poverty is impossible

For me, futures trading is no different than gambling and experienced people should stay away from it, let alone newbies or people with little capital. Furthermore, not only trading bitcoin, I think investing in bitcoin cannot help the poor. Because to be able to invest in bitcoin, they need money, and how do poor people get the money they can lose to invest? In short, bitcoin cannot help anyone escape or alleviate poverty.

To eradicate hunger and reduce poverty, the government needs to create jobs for everyone, people need to try harder to work, and cannot rely on risky investments like bitcoin.

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Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

The basic thing that must be done before starting to invest is that you must first meet all your main needs, so as not to sell your investment which has not yet provided a profit because of urgent matters which can even make you lose money by selling at a loss, but unfortunately it will be difficult for poor people to start investing, because their minds are already filled with how to survive by earning money so that their main needs can be met, even when working over normal hours, sometimes they cannot meet these needs. Bitcoin will not be able to help poor people and Bitcoin is not a savior that must always be connected to world events and considered as a solution to existing problems.

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Quote from: Marvell1 on November 03, 2023, 01:01:16 AM

Quote from: pawanjain on November 02, 2023, 11:58:54 AM

Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

Yes, it is a brave idea to suggest that the impoverished should invest all of their meager resources in a single asset like Bitcoin. Theres a case to be made for the fact that cryptocurrency volatility can result in substantial profits and materially improve one's financial situation. But the opposite is also likely, as there is a chance that the risk will exacerbate their financial conflict. Should we not consider whether this approach could exacerbate the poverty cycle instead of breaking it?

Clearly, a lot of wealthy people have raised their socioeconomic level by taking calculated risks. The widespread belief that Bitcoin represents a once-in-a-lifetime opportunity should be questioned, as not everyone will experience this. Making financial decisions requires careful consideration of their wider ramifications and possible outcomes, particularly when there is significant risk involved.

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Quote from: rachael9385 on November 02, 2023, 01:47:11 PM

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

You are over exaggerating, what are some countries bitcoin is impacting positively? Can you name some countries and some of the impacts bitcoin has had on them? We don't need to talk about such unnecessary hype about bitcoin, bitcoin cannot help any country escape poverty or reduce poverty rate like the OP is mentioning. Bitcoin is just a financial tool and it is bringing positive benefits to many people but not all, there are still some people who lose money when investing in bitcoin.

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Quote from: pawanjain on November 02, 2023, 11:58:54 AM

Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

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Quote from: rachael9385 on November 02, 2023, 01:47:11 PM

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

I don't think Bitcoin has anything to do with any country financial problems. If a country finances are not good, it may be due to internal failure and incompetence of the government, Bitcoin does not seem to play a role in this. In my opinion Bitcoin has helped to facilitate rather than influence things. If I need to send money to someone, instead of going to the bank, I can easily pay with Bitcoin.

Bitcoin still has a lot of potential to gain in the future. It is very important to have capital to click the button to buy Bitcoin. People who have capital don't hesitate to click the buy button for Bitcoin. There are still many people who cannot invest in Bitcoin due to lack of capital, because given the current price of Bitcoin, it is not difficult to imagine that it requires a large capital. We all wish we had Bitcoin but it is difficult when we lack capital.

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Quote from: rachael9385 on November 02, 2023, 01:47:11 PM

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

Can you name some countries that have adopted bitcoin and received benefits from it and their economies are growing? China is a country that bans bitcoin and what explanation do you have for this when China is still the 2nd largest economic power in the world without bitcoin?

Bitcoin has been bringing a lot of opportunities to many individuals and organizations, but talking about its impact on a country's economy is a bit exaggerated. Bitcoin has not yet been able to achieve those achievements and we need more time instead of exaggerating the things that are wrong about bitcoin. That doesn't make bitcoin any better.

rachael9385

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In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

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Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

op The thought you made about the poverty line would actually be much better if it could be solved with Bitcoin. One thing we all need to understand is Bitcoin Rich and Poor we all can trade Bitcoin. Those who trade more bitcoins will get higher profits. And those who have little and short-term bitcoin capital cannot make much profit. Bitcoin is a long term work Bitcoin requires us to trade over time. If it were true that there are so many poor people that their problems could be solved through Bitcoin, that would be great, but in real life, it won't happen.

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Previously it was hard to give education to the people about bitcoin because most of them were not ready to hear but now everyone is aware of Bitcoin's success and no one can denied it. For poor people bitcoin investment is actually difficult because they have minimum amount of money if they spend it on bitcoin then they will be unable to carry out daily expenses. Bitcoin is not as cheap as everyone can buy it even everyone better know that bitcoin can bring a happy life for poor people. Poverty is increasing because people focus much on government job and they don't believe about the success of online assets therefore if they value investment process then they can get rid of poverty.

Bitcoin is for those who want an extra money by using their own money and without investing a good amount bitcoin cannot give you profit. Those individuals who have income can save some amount for bitcoin investment but without earning you cannot invest money because time requires for achievement and if you need money for urgent work then you cannot invest that amount in Bitcoin or other currency.

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Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

Dzwaafu11

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Quote from: adultcrypto on November 01, 2023, 11:12:00 AM

the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.

Even though we advise people to invest in bitcoin, we can’t force it, and since you are also aware of how people are suffering from poverty across the globe, now you see we don’t have to say something like this to those people; however, people are finding a way to eat daily food. Do you think they will have time for investment not only in bitcoin but even in physical investments that they are aware of? However, this $10 you are saying they should at least invest in bitcoin is some people's weekly earnings, while others get this amount daily. This kind of person is obviously suffering, and I don't think they even need a bitcoin investment since it’s not a short-term investment.

Quote

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

I don't think even with the investment, global poverty will decrease. The reason for this is that bitcoin investment is a long-term investment, and you want people who suffer from poverty to be among those who will invest in bitcoin, Do you think even 1% of these people will have funds to invest? Nah, mate, so I don't believe bitcoin investments will be able to defeat global poverty. The only people who will be able to do so are governments, and they have also failed to do so.

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not that easy. bitcoin is not a solution to overcome poverty in the world. if you think that if poor people can invest in bitcoin it will help them, that's a big mistake. because what makes a person poor is not only financial factors, but intelligence, analysis, etc. if you introduce bitcoin to poor people, they will go away thinking that it is much better to earn food today compared to investing.

even when you give them money, give them enough knowledge about bitcoin and tell them to invest in bitcoin, they might buy it but they will immediately lose it, either because they sold the bitcoin to eat or they lost access to their wallet because of their carelessness.

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I saw so many forum users talking about using bitcoin for trade to generate profit for investors. The point of correction, Bitcoin investment is not for those who would go back in a few days to sell their coin, it is for those who know the value of the coin. They are investing in the volatility of Bitcoin. It is indeed a serious demerit for traders, especially for those poor people who would take investment as their source of income because the price doesn't just rise, there are times where the price just tends to move sideways or in a bearish movement, so for those who depend only on investment for survival, Bitcoin is not the coin for you!!

From the topic: Can Bitcoin help? My answer is YES. There are other ways Bitcoin can help, not just for trading purposes alone. El Salvador is the first country to accept Bitcoin as a legal tender, its economy is doing well as Bitcoin itself has driven so many people to go for touring, so they can experience a condition where Bitcoin is not restricted or banned.

Topic: Can Bitcoin help? - page 2. (Read 681 times)