Create wealth first before the use of bitcoin - page 4.

sstephan

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas.

its simple . pump , pump and dump scheme .how else can you effect the price?

you can call it currency as long as you want , its not .
real currency don't need promotions and fairy tales .
with real currency , there is no prize for early adopters , that's just stupid .

teosanru

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

Why so? Why can't both things go side by side and hand in hand? I mean people are under poverty even when they are using fiat instead of Bitcoins. They can be the same and use bitcoin. I think a better preposition instead is to teach them ways on how to earn bitcoins or introduce them to other currencies as well. You also have to accept the fact that not everyone will become financially stable, there will always be a few people who will be unstable due to some or the other reasons.

pawanjain

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

As per the current state of economy you are quite correct. Currently bitcoin holders requires knowledge and skills to hold their coins securely and make transactions on the blockchain.
One needs to be educated enough and requires a stable source of income to buy and hold bitcoins.
Although a person can buy as low as $10 worth of BTC since BTC can be bought in fractions but it requires an electronic device with internet to get hold of it.
I guess that is the bare minimum necessity if one wants to buy BTC and I guess it's right because one needs to know how to use it properly too.

xSkylarx

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

I noticed this also but I think they are choosing their audience since it doesn't mean that you are in rural areas then you will have no internet and battling with poverty, yes some people but still, there are people that are just waiting for this knowledge for them to hear. I my self if I am planning to teach other people, i must ensure that they are capable, like have devices, internet and also can invest if they want to but let's just take note that this is not our main of the source of income, lets just treat it as a side job as it is very volatile and risky

arwin100

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

Maybe they cannot use bitcoin for p2p trades purposes in their locality but at least they can try out the jobs which cryptocurrency industry could offer. Anyone could start to seek for better opportunity since the payment here are much bigger than their traditional jobs and it just they need to work out their curiosity then enhance their skilss so that they can find good clients. We don't need to spend anything and the only thing required is our skill so still its good to introduce it to them so that they know that there are more other options for then to earn aside from their traditional jobs.

famososMuertos

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It's the point...! To what extent is it taking people by the hand, not only the lowest social stratum, which is extreme poverty, today there is no excuse if you want to have bitcoin you have it, there are no excuses, no and not.

I read that the people who use tic-tok the most are those from the middle class to extreme poverty.

In fact, it is incredible to see and without belittling the social precariousness of some people who upload videos to the network.

People prefer to put their head in, spend time on a social network... they invest in a cell phone, they look for free wi-fi... etc,

It is not a question of being poor or not having access to "x" thing, it is about attitude.

kamvreto

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those who are financially stable in a rural area will usually be more interested in getting into bitcoin to make their initial investment. But some are also reluctant to do so because they don't understand what bitcoin is and not an original currency which they think will slowly disappear.
I also live in a rural area and maybe the majority don't know bitcoin let alone use it, they just think bitcoin is a useless coin and doesn't have high value when used as an investment.
The level of poverty may have decreased, but ordinary people are also reluctant to invest in bitcoin before seeing clear evidence that bitcoin can generate a lot of money.
Investing in bitcoin actually doesn't have to be a rich person, now anyone can invest easily with any amount.

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Quote from: blockman on December 08, 2022, 04:57:13 PM

Quote from: Maidak on December 08, 2022, 09:21:30 AM

I am also a non-rich person and my purpose when investing in bitcoin is to find financial stability as well as increase my wealth in the future, so I think anyone can invest without having a stable financial situation. But we need to understand investing in bitcoin is not to get rich quickly and it still carries some risks. So make sure you only invest what you can lose, don't borrow or use the money you can't lose to invest in bitcoin.

Many newbies think that investing in bitcoin will make them instantly rich. I've talked to a friend of mine who's a seafarer and thought that it's that easy to become rich by just buying bitcoin. I've told him that it's not like that, he's living in a rural area and that's why he's striving to work hard so that he'll be financially well and free when he gets older because he knows that he just can't work forever and everyone will grow older soon.
This is what's good with bitcoin, everyone is able to invest, and there's no qualification needed. As long as you know how to buy, you have the budget for buying and you'll just have to keep it in your wallet and you're good. But never forget a wallet where you should keep it is where you're holding the private keys.

Although bitcoin investing does not require a degree but also requires knowledge, you should teach your friend all the necessary things before he invests. Teach him everything, not just how to buy and sell and store private keys, what I also find important is to let him know the bitcoin fluctuations he may experience while investing and to follow him closely, so he doesn't have to panic and make bad decisions. Anyone can invest in bitcoin but not everyone can profit from it.

Davidvictorson

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Bitcoin is too big to ignore. Bitcoin has generated a lot of curiosity that when I talk to people about bitcoin it is not with the mindset to have them invest but with the mindset to satisfy their curious minds. It is with the mindset to give them a new orientation about what bitcoin truly is. Because in my locality most of what people think about bitcoin as is a "Ponzi Scheme". Like a fraudulent investment that can increase your networth in short period of time. That is, a get rich quick scheme. Therefore, I see no harm in educating them first before anything else. Afterall, is not only those who have enough money and knowledge that can invest in bitcoin?

landheer

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to buy bitcoin you don't have to be rich first, because with small capital we can also invest in bitcoin. because if you wait to get rich first and then invest in bitcoin, in my opinion that is very wrong. but if in a village where there is no internet, of course we can do this. when our are going to buy bitcoin, try to visit the city first or while shopping for daily needs and so on. try to buy bitcoin in the city because usually in urban areas internet access is always good. but of course bitcoin investment if the situation is like that it must be a long term investment.

ethereumhunter

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

Everyone can use bitcoin, regardless of whether they live in urban or rural areas. And now they can access the internet pretty well compared to a few years ago so there won't be any problems spending bitcoins. There are still many of us who are not financially secure, and many of them live in urban areas. So they don't have to wait for their financial stability to invest in bitcoin because it can change their life financially. That is if they want to try to get to know bitcoin further.

lienfaye

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

Many people in rural areas are poor and not updated in the latest technology but I don't agree that one should be financially stable before knowing Bitcoin. Why is that? Anyone can engage themselves in Bitcoin regardless of your status. Knowing Bitcoin doesn't mean you'll put your entire savings or anything to it, but gaining knowledge about Bitcoin would be enough to understand what it is and how it works. Moreover it already depends on us how to take advantage it by using as currency or as an asset. Having a knowledge for people in rural areas can give them idea that there's a digital currency existing that can work as an alternative to fiat.

pixie85

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Quote from: mk4 on December 08, 2022, 05:08:22 AM

Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.

Correct. You need some savings to be able to store it better and turn it into something with a potential.

Bitcoin isn't for everyone. You have to take it step by step like when a child first learns to read and then writes a simple story to finally get to essays and dissertations. You can't expect someone who looks for food in the dumpster to learn to use bitcoin.

On the other hand you don't have to be wealthy to do it. Both are extreme cases from ends of the spectrum.

mendace

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

The problem is that most of the people in the world are unbanked, while in the developed first world everyone has the ability to access their bank account and be able to deposit their savings, in the underdeveloped third world practically nobody has a bank account and rely on keeping their savings in liquidity. So Bitcoin is used for this in rural areas as you say but also in the rest of the world, even if for the moment it cannot give stability so I would ensure another source for my savings.

coolcoinz

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No Internet access can really be a problem, but nowadays most people have mobile phones. You can buy a smartphone for cheap and it's a built in feature. The coverage is also decent, so you really can get Internet in poor towns for just a few dollars a month.

If you're so poor you can't spare $50 for a used smartphone and don't have that $5 a month to pay your phone bill, you probably shouldn't think about bitcoin, but it's like offering an online account, or a credit card to someone in Africa who lives in a straw hut and digs a hole in the ground each time he wants to take a dump.

That said, even the poorest of the poor can benefit from using and holding bitcoin if they can get access to it. The problem is, those really poor are rarely given a chance to invest. If they knew how to do it, or had someone to guide them, they wouldn't be poor in the first place

Rengga Jati

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One of the obstacles to introducing Bitcoin has been very difficult so far because the conditions for each country are different. Even in the same country, the conditions of people in various regions are different. And unfortunately, there are still many who cannot and cannot focus on Bitcoin because of a lack or limited funds, facilities, especially the internet, and also knowledge. But if they really don't understand, it's best if they don't come. It's not getting rich first or anyhow, but getting ready first. In this case, we are ready in every way both financially, and emotionally, and also understanding. So that later it will not cause big problems over and over again.

glendall

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

in because it is the major currency in the world.

This word is very inconsistent with reality, it is too much in my opinion, because in reality bitcoin is not a world currency, from here you have given the wrong information to the wider community about what bitcoin is.
you should say bitcoin is the main cryptocurrency of all existing crypto.
because as we know bitcoin has not been officially accepted in all countries and governments

KennyR

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During the early days more bitcoin giveaway conducted by different firms. Very few showed interest and believed something is there. This is not the reality with every user. People who believed and bought and received as rewards in the beginning days were able to make them rich. Now everyone is aware and the market user count increases rapidly.

The misunderstanding of this being a source of income needs to change and people should understand it is the fluctuation on the investment that brings income depending on the trend.

S A KHAIR

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Quote from: Pablo-wood on December 08, 2022, 05:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

OP has the opposite view of bitcoin investors, people invest bitcoin to seek wealth so for rural people, they have to know bitcoin earlier and invest in it earlier. Otherwise, when the bitcoin price is high, they cannot invest, they will fall behind other rich people. Teach them how to invest now.

blockman

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Quote from: Maidak on December 08, 2022, 09:21:30 AM

I am also a non-rich person and my purpose when investing in bitcoin is to find financial stability as well as increase my wealth in the future, so I think anyone can invest without having a stable financial situation. But we need to understand investing in bitcoin is not to get rich quickly and it still carries some risks. So make sure you only invest what you can lose, don't borrow or use the money you can't lose to invest in bitcoin.

Many newbies think that investing in bitcoin will make them instantly rich. I've talked to a friend of mine who's a seafarer and thought that it's that easy to become rich by just buying bitcoin. I've told him that it's not like that, he's living in a rural area and that's why he's striving to work hard so that he'll be financially well and free when he gets older because he knows that he just can't work forever and everyone will grow older soon.
This is what's good with bitcoin, everyone is able to invest, and there's no qualification needed. As long as you know how to buy, you have the budget for buying and you'll just have to keep it in your wallet and you're good. But never forget a wallet where you should keep it is where you're holding the private keys.

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