Do you think Bitcoin can end poverty? In a nation today - page 7.

Twentyonepaylots

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Quote from: bettercrypto on April 03, 2023, 07:33:23 PM

Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 is part of human life and every country in the world faces this situation. In fact, poverty even teaches us things that we don't know, we learn to make a way to solve the problem that we actually have.

It means that it is up to us how we accept the difficulties in our lives. Because every problem has a solution, and bitcoin is just one of the solutions for us to overcome the difficulty little by little.

Indeed, but I must emphasized my thoughts that bitcoin investment is risky and should be taken by those who are financially stable. Poor sector cannot really use the bitcoin investment as a way to make their life good since there is a risk in doing this and they do not want to risk the little money that they have. Also, I think most of them would prioritized getting food on their table rather than these investments. Well, I think that is the reality, those who can really invest are the ones who can maximize the potential of these investments so it really boils down first to making your self be out of poverty in other ways before entering the crypto world.

Obari

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Poverty is a thing we have to put an end to in terms of our life concerns it has eaten up our progress and will damage our society if we don't stand to overcome it
I think crypto currency today is a big opportunity for us all to put in interest in it is our time spent today that will yield our own project tomorrow
Many will quit after first loss and will never think of to try again but I believe at first that if we get to understand this platform there is reward people get confused because they do not pay much attention to detail of bitcoin and they end up to say it is complicated

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Quote from: suzanne5223 on April 03, 2023, 05:28:59 PM

Quote from: imamb on April 03, 2023, 04:33:29 PM

not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

Even if everyone understands Bitcoin. BTC is still not the answer to everything and you guys appear to misunderstand that what Bitcoin only presented is an opportunity, not an end of poverty. It's impossible for BTC to end poverty in the life of an individual if the person didn't maximize the potential of BTC to the extent of it eliminates poverty in her life.
If an individual is into BTC, he/she may make an end means but that doesn't mean poverty has ended in his/her life.

I mean if people who understand the world of crypto like bounties, airdrop making a side can save a slump. but not everyone knows about the world. it's not the best means to become the main livelihood field, but to be a sideline of real work this can be better for increasing income. in the crypto world what is impossible

bettercrypto

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 is part of human life and every country in the world faces this situation. In fact, poverty even teaches us things that we don't know, we learn to make a way to solve the problem that we actually have.

It means that it is up to us how we accept the difficulties in our lives. Because every problem has a solution, and bitcoin is just one of the solutions for us to overcome the difficulty little by little.

suzanne5223

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Quote from: imamb on April 03, 2023, 04:33:29 PM

not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

Even if everyone understands Bitcoin. BTC is still not the answer to everything and you guys appear to misunderstand that what Bitcoin only presented is an opportunity, not an end of poverty. It's impossible for BTC to end poverty in the life of an individual if the person didn't maximize the potential of BTC to the extent of it eliminates poverty in her life.
If an individual is into BTC, he/she may make an end means but that doesn't mean poverty has ended in his/her life.

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Relying on Bitcoin as the only solution to overcome poverty is unrealistic and inadequate. While Bitcoin has some advantages, such as giving individuals more control over their investments and savings, it cannot directly address the root causes of poverty. Poverty can be caused by structural factors such as lack of educational opportunities, economic injustice, and limited access to the resources needed for a decent life.

So it is important for countries to continue to strive to create inclusive and sustainable economic growth through the right policies and initiatives. Initiatives such as increasing access to education, job training, and investing in physical and social infrastructure can help tackle poverty.

In addition, the government can also strengthen social protection systems, such as health insurance and social insurance programs, to help individuals who are vulnerable to poverty. Thus, poverty alleviation needs to consider the various factors that affect poverty, and not depend on just one solution.

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Bitcoin cannot end poverty itself, because Bitcoin is mostly about transfer of value. It is a payment system, a decentralized one.
Speculation itself is simply a game of redistributing value among those who participate in the market.

In my personal point of view, in order for a country to fight poverty, it is necessary to exploit natural resources, transform those natural resources into products and finally commerce those products in an efficient way. In order to do those things a cultured and educated population is necessary.

Bitcoin helps to access value and liquidity that already exist for those who live in bad-economic/banking situations but the wealth creation is a different process.

Also, mining Bitcoin is a special case, because in order to get profit an invested is necessary beforehand.

Questat

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Quote from: Hamphser on April 03, 2023, 04:43:31 PM

Quote from: Black susano on March 17, 2023, 11:13:20 AM

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.

Its a digital currency and its just not right to have that impression that this would really be ending up on being a saviour on countries economy and solving out poverty.Yes, we cant really deny that there are lots who

had changed up their lives with their Bitcoin investment or overall cryptocurrency portfolio but we know that it would really be just small percentage if we do speak about poverty solving.
This is why as an individual then its better to mind off your own life on enhancing it out via investment whether on crypto or any other things as long it would really be that beneficial for you.
You are the only ones who could be able to solve out for yourself if we do speak about financial freedom and economic survivability.

Many people had changed their life upon investing in Bitcoin but also hide the fact that many people also lost their money and hopes when they are in crypto. A reason why we could not think that it save us and lifted the nation from poverty as it was just a tool to improve our living but not to the point that it carry the nation to grow its economic system. Because Bitcoin can't make magic and in order for a particular country to stop poverty, they will create a program focusing on this, not just by relying on Bitcoin. In fact, they are not investing yet...

Newlifebtc

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 is problem of us, and its the reason while everyone is interested of ensuring that we have what that can be giving us at least four square meal daily, it's because of Poverty that make some people to go into some certain characters today, I believe that Poverty is a diseases I believe.

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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.

Its a digital currency and its just not right to have that impression that this would really be ending up on being a saviour on countries economy and solving out poverty.Yes, we cant really deny that there are lots who

had changed up their lives with their Bitcoin investment or overall cryptocurrency portfolio but we know that it would really be just small percentage if we do speak about poverty solving.
This is why as an individual then its better to mind off your own life on enhancing it out via investment whether on crypto or any other things as long it would really be that beneficial for you.
You are the only ones who could be able to solve out for yourself if we do speak about financial freedom and economic survivability.

imamb

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not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

serjent05

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Quote from: MiF on April 02, 2023, 05:16:23 PM

Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 one who are in a poor status had become interested on investing in crypto and if there's any who wanted to invest they are only few percent.

Isn't your sentence contradictory? You said no one then on the next you say few percent. What is it really? But I don't agree with what you stated. People who understand the potential of bitcoin regardless of their status will become interested in investing in Bitcoin. So that interest of investing to bitcoin also sprouts on the mind of poor people the only challenge is that poor people often don't have enough to invest to what they think is profitable.

Quote from: MiF on April 02, 2023, 05:16:23 PM

So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

Indeed Bitcoin cannot end poverty, Bitcoin is only a tool to use and the one who has the mind and power to end poverty is the government and its constituents if they work together to combat poverty.

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Quote from: MiF on April 02, 2023, 05:16:23 PM

Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 one who are in a poor status had become interested on investing in crypto and if there's any who wanted to invest they are only few percent. So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

Well you are right mate i agree with you, many poor people in my country did not even know how to use gadgets and they only get the news in the television, most of them didn't know about bitcoin so i also did not believe that bitcoin can end poverty in a nation. How it will end a poverty when only few people knows it in my country its a no for me.

MiF

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 one who are in a poor status had become interested on investing in crypto and if there's any who wanted to invest they are only few percent. So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

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I think the presence of bitcoin will never reduce or eliminate poverty, maybe there are rich people who are born from bitcoin or cryptocurrencies, but new poor people will appear again because of bitcoin or cryptocurrencies, we often hear of people investing in bitcoin by selling all the assets they have and when the price crashes then he becomes poor and stressed.

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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.

You need to know that bitcoin does not save the poor, but the correct logic is that they save themselves by using bitcoin. Basically you won't make bitcoins if you don't work, I guess that's a simple sentence, the point is if you don't improve your ability to get a job or business that can make more money then how can you have more bitcoins, it's just maybe to become a daily bitcoin trader which I can't really advise you.

Quote from: AbuBhakar on March 24, 2023, 12:14:20 PM

Quote from: Dr.Osh on March 24, 2023, 11:16:57 AM

If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

It’s impossible for this criteria to be met because people on poverty has sufficient money for their food or else they are not categorized in poverty status. Bitcoin is not for people that has no money for spending other than their food because Bitcoin has high volatility that makes poor people gamble for there life. Bitcoin investment is only good when you are using extra money that you can afford to lose.

I’m not depriving poor people but introducing Bitcoin to them will just make their life more miserable when shit happened to their money.

I think your words are quite logical, and indeed poverty is still poverty if you don't make improvements or increase your abilities so that you have better capacity to do work or business, say or suggest to poor people to invest in bitcoin with an economic situation that only meets needs from day to day is certainly not a wise decision, because investing in bitcoin must have cold money or money that is not needed in the near future.

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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 is only possible to invest when your source of income is sufficient, so buying bitcoin would be extremely difficult for someone whose daily requirements cannot be met. Since Bitcoin has a fixed supply. I can't really say that it can completely eradicate poverty but it can pay rule by lowering the level of poverty.

Due to an economy that is constantly experiencing inflation, even when you earn a profit from your Bitcoin investment, it may occasionally be worthless.Things that cost $50 to purchase in 2020 now cost $100, with that it will be difficult for Bitcoin to pay smart rules in eradicate poverty completely.infact nowadays Bitcoin does not pay small investors but large investors and to get the money is hard because not job opportunities and the few poorest hat have the opportunity their pay rate is not standard to the economy.

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Quote from: odunybiz on April 01, 2023, 11:03:01 PM

Quote from: Charles-Tim on March 17, 2023, 11:17:49 AM

Can people in poverty invest in bitcoin or invest in anything at all?

It's so hard for a poor person to invest. Even if they have the idea of what to invest in but they have no money to do it. Even if they manage to get the money through friends they will rather end up eating the money than investing.

Poor people only focus on finding ways to survive daily without considering investing. They find it difficult to survive, so how can they start investing. Although bitcoin is a way to earn money through long-term investment, it seems impossible without having the money to buy it.

Those people could invest in bitcoins if they could get them for free, but now it is very difficult to get them.

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Quote from: odunybiz on April 01, 2023, 11:03:01 PM

Quote from: Charles-Tim on March 17, 2023, 11:17:49 AM

Can people in poverty invest in bitcoin or invest in anything at all?

Quote

Bitcoin helped, that is true, but it helps those that invested in it.

It's only helped those that purchase at the early stage. There are some people that enter the market late and are still in lost till today. Some has sold out of lost and some still hold for profit in the future.

How about those traders? Imagine there are traders right now that make a living from Bitcoin. Also imagine here in the forum those signature campaigns helping us and other participants. It is not all about investing or jumping early because if ever you purchase bitcoin way back in January and sell it off today, you still gain profit. Though it doesn't mean it will end the poverty, it is still there, but people who got into bitcoin now have extra income.

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Quote from: Black susano on March 17, 2023, 11:13:20 AM

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.

Bitcoin can't end poverty but it can easily reduce the percent of poor people in a country. Poverty can't be eradicated from the world, it's part of why the economy is moving, the society has to be unstable for their to be an economy. We must have both the rich, middle class and poor people and then depending on our decision we can change classes.

A country adopting Bitcoin can bring up the financial interest of the citizens which will make them become more interested in investing and technology which could lead them to make decisions that'll increase their chances of escaping poverty although we'll still have doubters and that's why poverty can't be totally eradicated.

Topic: Do you think Bitcoin can end poverty? In a nation today - page 7. (Read 1760 times)