Topic: Do you think Bitcoin can end poverty? In a nation today - page 12. (Read 1622 times)
Bitcoin has been existing for a long time so it's obvious that the currency alone can't change the economic situation or even solve poverty but if more people would see the worth of Bitcoin and invest in it, it will affect the economy positively. It only needs adaptation so people should see its worth as a currency and investment. It also needs the support of the government which is quite for other countries. I guess if Bitcoin investment would be prioritized by more people, it can decrease the poverty percentage in the future.
bitcoin cannot end the poverty of a nation, where a government must have reserve assets so that it can store btc for a long time or can be said to be 2x the initial investment capital,
when a nation is experiencing poverty I think it's better to allocate funds to micro-enterprises that can produce and help the economy so that the wheels of the economy continue, rather than investing in btc because btc was not created to end poverty
when a nation is experiencing poverty I think it's better to allocate funds to micro-enterprises that can produce and help the economy so that the wheels of the economy continue, rather than investing in btc because btc was not created to end poverty
It has been said for many years bitcoin has a strong potential to elevate standard of living for a global 4 billion unbanked demographic. Who can not qualify for conventional bank accounts.
I think to some degree, many have observed this in their personal lives. Which is how crypto has come to have such a strong and loyal following worldwide. Mass adoption is rising quickly due to people seeing firsthand the positive circumstances surrounding it. As well as the future potential to elevate standard of living for all.
Ending poverty is a completely different conversation. First we would observe, study and define poverty and all the circumstances which cause it. Then devise a plan to abolish it. For whatever reason, this never happens.
I agree that people who could take over their own financial situation and connect to each other, globally nonetheless, would definitely be the usecase for bitcoin more than anything else. We have seen so many people in my nation have trouble due to banking all the time, and yes they have that "lending money" that bitcoin doesn't have which puts them at the top, but that doesn't change the fact that they are doing what we won't do, which is rejection people.I think to some degree, many have observed this in their personal lives. Which is how crypto has come to have such a strong and loyal following worldwide. Mass adoption is rising quickly due to people seeing firsthand the positive circumstances surrounding it. As well as the future potential to elevate standard of living for all.
Ending poverty is a completely different conversation. First we would observe, study and define poverty and all the circumstances which cause it. Then devise a plan to abolish it. For whatever reason, this never happens.
Banks could stop working with anyone they want, because they are a business and have that right, but bitcoin won't be rejecting anyone, if you want to buy it then you can and you are now in it, no extra steps needed.
Poverty is a complicated thing and has become part of life, developed countries like the USA, England and so on there are also always poor citizens, the presence of bitcoin can help anyone to get profit, but there are many facts that many are bankrupt and poor because of bitcoin, so you can say balanced.
what can end poverty or eradicate poverty is ourselves by continuing to make any efforts. By getting to know Bitcoin and trying to invest in it, in my opinion, it will also end someone's poverty if they can benefit from trading Bitcoin. but it will also happen the other way around for someone who trades bitcoins if they don't have patience
Yes, only we can end poverty because we are responsible for our lives. There are many ways we can overcome poverty; the most important thing is how to make money to improve our living conditions. Bitcoin can help people if they use bitcoin as a long term investment and bitcoin is like fiat savings in a bank. The difference is that the bitcoin they save, its value can increase in the future, while the money they keep in the bank cannot provide high interest.But it's not easy to be able to get success in investing in bitcoin because one will face price fluctuations that are constantly changing. And if that person doesn't know how to deal with it, they will not be able to benefit from investing in bitcoins.
what can end poverty or eradicate poverty is ourselves by continuing to make any efforts. By getting to know Bitcoin and trying to invest in it, in my opinion, it will also end someone's poverty if they can benefit from trading Bitcoin. but it will also happen the other way around for someone who trades bitcoins if they don't have patience
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
No, bitcoin cannot help alleviate poverty. To get out of poverty, people need to work hard, have smart investment plans to make a profit. Bitcoin is an investment and if you know how to take advantage of it, you also have a chance to become rich. It is not a god that can bring you wealth without having to do anything. And don't forget that investing is risky, meaning bitcoin can also make you poorer.
For Bitcoin to lift people out of poverty, they must invest in it. You must understand that poor people live one day; it is important for them to feed their families. How can they have extra money?
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.
Bitcoin have nothing to do with poverty. Maybe the direct benefitting schemes from the government can be made even more effective than the traditional banking system. Bitcoin is innovated for different purpose and the same now got used in different needs. This means bitcoin have turned to be a multiple usage asset.
Poverty is something that needs to be concerned by the respective government. Every country have got poverty, but the grown countries hide it from the outer world. When the governments have trillions to spend on security during a budget, why can't the same government spend to eradicate poverty. This is some kind of politics, because if a person is taken out of poverty they'll progress slowly. In politics people need to be kept in control, poverty too a source. This needs to change.
Poverty is something that needs to be concerned by the respective government. Every country have got poverty, but the grown countries hide it from the outer world. When the governments have trillions to spend on security during a budget, why can't the same government spend to eradicate poverty. This is some kind of politics, because if a person is taken out of poverty they'll progress slowly. In politics people need to be kept in control, poverty too a source. This needs to change.
Bitcoin doesn't have to make everybody in a nation wealthy before it'll be seen as a means of uplifting poor people. If bitcoin can change the life of one person in the nation it has done more than enough to that very nation. Bitcoin has no legs, it doesn't speak or communicate. We, the users of bitcoin, are these amenities bitcoin lacks. So, I think it'll sound better if you rephrased your question to, Can the whales end poverty in a nation with the use of bitcoin? Then I'd say a big yes, because people who are rich in the bitcoin community can decide to venture into the nation and uplift their economy by launching bitcoin startups in that nation, decrease unemployment and teach people how to use bitcoin. With that a lot of people from the nation would join the network and begin to practice blockchain development, writing, designs, marketing etc. These acquired skills will live in them even when the rich bitcoin investors that visited their nation vacates the land. Such unswerving foundation will enable them to work remotely from their nation and make money, the few people who got employed and probably rich will be considered a huge achievement for the bitcoin community. As time goes the nation's bitcoin community will continue to thrive.
Before an occupant of a nation could venture into bitcoin this means they are purely characterized and be subjected of accept any risk that could possibly come out of it. How could they engaged themselves into bitcoin investment were a nation is poor and looking for a way of survival and you think it will end poverty In such nation.
Well lemme draw to your attention that only those whom are willing to accept any lost that could definitely comes out of poverty.
Well lemme draw to your attention that only those whom are willing to accept any lost that could definitely comes out of poverty.
Bitcoin cannot and is not created and does not have the properties to end all poverty in a country.
I think it's true that Bitcoin can help improve a person's economy, but that doesn't mean that Bitcoin can end the entire poverty line in a country.
Bitcoin is an asset and not a quick way to end poverty, because poverty itself is caused by several factors such as low per capita income but high prices for basic necessities, not many available job vacancies, low education levels and many other factors.
The way to end poverty in a country is to fix what are the main factors of poverty in that country and of course every country is different because it depends on what factors have the most influence on the poverty of the population of that country.
I think it's true that Bitcoin can help improve a person's economy, but that doesn't mean that Bitcoin can end the entire poverty line in a country.
Bitcoin is an asset and not a quick way to end poverty, because poverty itself is caused by several factors such as low per capita income but high prices for basic necessities, not many available job vacancies, low education levels and many other factors.
The way to end poverty in a country is to fix what are the main factors of poverty in that country and of course every country is different because it depends on what factors have the most influence on the poverty of the population of that country.
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
It all depends on individuals and how they see the market. We all know that there are lots of information in the market and we can only have access to them if them see them or are prepared. The market is growing everyday with so many ups and downs market reactions. If we learn the cryptocurrency market very well and we develop ourselves in a particular area whether trading or other aspect of the market, we will gain profits if we are good at what we do. For we to alleviate poverty depends on our individual self and if we have the fund to invest in the market and make more money.
Nothing can ever end poverty in the world. Despite how raw and unpleasant anyone will think that comment of mine is, it's the simple fact. Poverty is as old as prostitution itself. It's like imagining that anything in the world could end prostitution. The best any nation can attempt is to alleviate or reduced the level of its poverty, not end it.
Talking about Bitcoin and poverty, the poor are likely not going to be interested in its investment. Tell me how anyone living below a dollar per day will be interested in anything investment. They're more likely to be concerned with where their next meal comes from.
Talking about Bitcoin and poverty, the poor are likely not going to be interested in its investment. Tell me how anyone living below a dollar per day will be interested in anything investment. They're more likely to be concerned with where their next meal comes from.
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Bruh, Bitcoin is simply a crypto coin that can be used by people to freely use their own money without having to involve any authorities at all. Just because people are earning a lot from it does not mean that it can just eliminate poverty as well as unemployment. This is like asking any currency out there if they can eliminate poverty at all.I would not even rely on crypto to be able to give me the access to my needs constantly.
I believe these discussion were like way back in 2017 and it kinda gives me that strange nostalgic feeling again.
Nope Bitcoin could only help but it couldn't end poverty in a nation.
Not eveyone could earn from crypto and it is the reality,
If they could invest a small amount do you expect them to make a big profit? that doesn't work that way and many things could affect their investment since we are talking about poor?
They don't have enough money and struggling to survive so if any unexpected things happen they would need those investment no matter what peice it is (Gain or Loss) they would sell it.
Not eveyone could earn from crypto and it is the reality,
If they could invest a small amount do you expect them to make a big profit? that doesn't work that way and many things could affect their investment since we are talking about poor?
They don't have enough money and struggling to survive so if any unexpected things happen they would need those investment no matter what peice it is (Gain or Loss) they would sell it.
Bitcoin price is so high that poor people cannot buy bitcoin and cannot make investment in it. Instead of benefit the bitcoin also contains risk therefore if poor people invest money which is in little amount then how they will manage house holding necessaries and they also have dangerous situations about its losing.
Bitcoin can save one's money but everyone cannot make investment in it because poor people cannot afford it. However if they save little amount every month then after sometime they will be able to use that money for the investment.
Bitcoin can save one's money but everyone cannot make investment in it because poor people cannot afford it. However if they save little amount every month then after sometime they will be able to use that money for the investment.
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It depends on them because investing or saving in bitcoin requires awareness that bitcoin can help them change their lives. Poverty alleviation is the government's job but if they don't or don't want to change, their lives won't change.
The government and us as people familiar with bitcoin, only introduce bitcoin to them and the decision to invest in bitcoin is completely in their hands. Some people already know the potential of bitcoin for them and, finally, decide to start investing in it. And when the bitcoin price touched its last ATH, they made a big profit and could change their life. If there is no desire to change his life, it will not happen.
The government and us as people familiar with bitcoin, only introduce bitcoin to them and the decision to invest in bitcoin is completely in their hands. Some people already know the potential of bitcoin for them and, finally, decide to start investing in it. And when the bitcoin price touched its last ATH, they made a big profit and could change their life. If there is no desire to change his life, it will not happen.
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
poverty in a country is a problem that should be handled by the government in that country itself, the government must look more closely at the causes of this poverty. those who live in poor countries will not find it easy to get to know bitcoin or invest in it, of course they will refuse the invitation to invest because of the limited funds they have. of course they will be able to get out of the poverty line if they are able and dare to invest in bitcoin or other crypto. I think someone will enjoy the results of their investment even if they don't get rich
It has been said many times, bitcoin does not address poverty. A mere bitcoins adoption could not reduce poverty. A complex problem requires a thorough solution, bitcoin is out of the option it could significantly reduce poverty within a country. Bear in mind that you can not simplify how to reduce poverty by only giving people a way to increase their savings and access capital.
Globally, according to World Bank, the poverty line is $2.15, and as of now, the low priority fee of a bitcoin transaction is $0.34. And that is just a simple case where bitcoin does not solve poverty at all. So, it requires a comprehensive solution to address and improve the poverty rate within a country, do also note each country might require different needs, hence, bitcoin is very unlikely to help it in most cases.
Globally, according to World Bank, the poverty line is $2.15, and as of now, the low priority fee of a bitcoin transaction is $0.34. And that is just a simple case where bitcoin does not solve poverty at all. So, it requires a comprehensive solution to address and improve the poverty rate within a country, do also note each country might require different needs, hence, bitcoin is very unlikely to help it in most cases.
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