Topic: Do you think Bitcoin can end poverty? In a nation today - page 8. (Read 1674 times)
I think poverty can be reduced but can never be eliminated, poverty seems to be a natural law, if there are poor people who become rich then on the other hand there are rich people who become poor, poor and rich are not a problem in life because between rich and poor of course there are things that are secrets life and need each other.
How can bitcoin end poverty in a country if the people of that country do not know bitcoin and don't know how bitcoin works to get results?.
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better
I also agree with the opinion that you convey, to benefit from Bitcoin it all depends on how that person uses it. if that person or group doesn't know and doesn't really know how it works then it won't change anything.
but the most important thing in my opinion Bitcoin is not something that was created to easily eradicate the problem of "poverty" in a country. and I think people who are in real "poverty" definitely can't use Bitcoin to make a profit because to get a decent value from trading and investing Bitcoin will need capital.
whereas people who are truly in "poverty" do not even have enough to buy or buy basic necessities to eat and drink. then how can they take advantage of Bitcoin if they don't have better capital. Even Bitcoin won't be able to help those who can't use it.
How can bitcoin end poverty in a country if the people of that country do not know bitcoin and don't know how bitcoin works to get results?.
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better
Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty
I don't think Bitcoin can end poverty in our nation today, because not everyone knows how Bitcoin works, most people among us just hear the name Bitcoin, they don't know what is use for, if it is for trading and so on. And another problem is that many people mistake all Altcoin to be bitcoins, which has lead many people into lossing alot of money by investing wrongly. With the rate of scammers out there today are now evening making it harder for people to invest sometimes, because they don't want to be rob of their hard earned money. as I said in a previous post, where someone who doesn't know how bitcoin works will be impossible to benefit from and will even continue to be poor.
it's even true as you say, someone who doesn't know bitcoin and just hear about it always thinks that every cryptocurrency is bitcoin, even though it's very much different. because considering other crypto as bitcoin then that's where someone will be faced with a very big risk.
Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?
In as much as Bitcoin has saved many lives from wallowing in poverty then we should take a smart look on what Bitcoin had done to many investors by improving there lifestyles and making them live in a fullfil abode. I think Bitcoin is going to do more with time if we give ourselves the opportunity to invest in Bitcoin no matter how turbulent the market want to be. The wise investors are the one cashing from the market while those that are always in a hurry to take there profits would only make little money from the market. The question is, in what way can bitcoin provide a job or income to all people in the world?
poor people can't invest because they don't have money, because it's difficult for them to finance their daily lives, how can they invest, but if rich people buy bitcoin and then get profits and distribute them to the poor it might make more sense if something like That.
Of course you can and of course you can't, how do I explain it...
because bitcoin can also make a nation poor.
I think it all depends on the nation's system and its people. You can see big countries that are said to be rich countries. They can keep up with the cryptocurrency era but were almost in a recession. What do you think?
because bitcoin can also make a nation poor.
I think it all depends on the nation's system and its people. You can see big countries that are said to be rich countries. They can keep up with the cryptocurrency era but were almost in a recession. What do you think?
Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty
I don't think Bitcoin can end poverty in our nation today, because not everyone knows how Bitcoin works, most people among us just hear the name Bitcoin, they don't know what is use for, if it is for trading and so on. And another problem is that many people mistake all Altcoin to be bitcoins, which has lead many people into lossing alot of money by investing wrongly. With the rate of scammers out there today are now evening making it harder for people to invest sometimes, because they don't want to be rob of their hard earned money. 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.
In my opinion introducing Bitcoin to poor people has the potential to provide financial inclusion and improve their access to basic financial services. While there are risks involved, these risks can be mitigated with education and guidance.
Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty
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.
No, Bitcoin can't end any poverty. In fact, people suffering from poverty shouldn't be investing in bitcoin. The golden rule of investing in bitcoin and other crypto currencies is to invest what you can afford to lose. Do you think poor people that can't meet their basic needs should be investing in bitcoin? Nope. It will end up harming them more. Bitcoin can sky rocket in few minutes, and it can also fall down in few second and keep falling for a year or two. Things would only get worse for them. They will have to sell their coins at a loss to pay their bills. Bitcoin can't remove poverty from a nation, but yeah, it can help to develop the economy indirectly.
Bitcoin is just a highly volatile asset, it has no function or mission to alleviate poverty for anyone. If we want to get out of poverty, only we can help ourselves out of poverty. Bitcoin offers an opportunity for those who want to escape poverty, and whether they take advantage of it is up to them. Poor people can also invest in bitcoin, they need to get out of their comfort zone and take advantage of the opportunity. There will never be a solution to poverty if those living in poverty only know fear and are unwilling to trade.
based on the story you told, bitcoin can overcome poverty. however, it all depends on how they utilize bitcoins. based on the stories you have, bitcoin really helps. however, it should be realized that bitcoin also carries considerable risks. if we invest in bitcoin in poor condition, then it will only help when the price goes up. however, keep in mind that it will add to the burden when the price drops.
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.
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.
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.
I'm afraid not.
The government is the only one that can end poverty by giving opportunities to those people who are really in need of jobs to put food on their table. But sadly, most of the government doesn't really care about their people, in fact, they are using them when election comes by brainwashing them by their sugarcoated promises. Most of the government are corrupt, that's why poverty cannot be avoided if those greedy politicians are getting elected every single time.
There has been no study or research that bitcoin can reduce poverty, if the bitcoin market cap continues to increase until it reaches 1000x from now then the benefits of bitcoin will only be felt by the bitcoin community, while those who don't know bitcoin will get nothing.
It is impossible to eradicate prover unless you will give all those poor people money to lift them up from poverty which is impossible to do and there are a lot of people in the world . They can even afford food how much more buying bitcoin? Other will also say to get an education so that they can get out of their situation but education is expensive still it is difficult to achieve. It is really a complex thing and it is very difficult to resolve. Bitcoin can help others life but cant resolve this kind of issue
I totally agree with you, bitcoin can eradicate poverty to an extent but not entirely, Because in most interior countries in Africa not everybody is opportuned to own a smart phone, or a laptop and bitcoin can't eradicate poverty without technology, so I feel in some advance countries this might be possible in a very short while but coming to Africa it will take decades for bitcoin to eradicate poverty entirely from that country, that's if the eradication of poverty by bitcoin will be possible in that country. 
While it's true that poverty can be seen as a problem that affects the entire nation, it's also important to acknowledge that poverty is ultimately a problem that impacts individuals and families in very real and significant ways. In many cases, poverty can be traced back to systemic issues such as income inequality, lack of access to education and resources, and discrimination.
It's great if bitcoin can help eradicate poverty in your country, regardless of how bitcoin can help those people.
in my country poverty also occurs but not as severe as your country.
but I don't think poverty can be eradicated with bitcoin because it takes real action to do that.
in my country poverty also occurs but not as severe as your country.
but I don't think poverty can be eradicated with bitcoin because it takes real action to do that.
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 will not be able to eradicate the problem of poverty but it will be able to help those who live in poor or developing countries to get out of poverty. There have been many examples in this forum that have been able to get out of poverty with the help of Bitcoin. In fact most of them eventually teach bitcoin adoption back to their society, because they know it will help their friends and will grow their economy.
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.
Nah brother that's not the case with Bitcoin because BTC is a thing that could revolutionary in many ways but still our most people won't believe in crypto. That's why when people don't believe in crypto and also countries than how Bitcoin will be able to solve poverty problems and that's why I will say that always make your base in every business and in this ways you will be able to make money.
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