Topic: Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 12. (Read 3797 times)
June 28, 2018, 02:18:15 AM
In bitcoin there is an equal opportunity to make bitcoin especially in mining if you have a good hardwares for mining then you're lucky enough o receive such bitcoin in exchange for power and computing to answer your question for me its yes bitcoin redistributes wealth in many ways.
June 28, 2018, 02:01:07 AM
I think with the bitcoin all can be rich it all depends on how you play trading, when you can and have the expertise of trading and can make you always get profit then you also can become rich from bitcoin, essentially you have to be patient and not easy panic.
Yes you are right, it does not really matter how much coins you are holding today because you can be losing a huge amount of profit if you are not good in trading so it will be always depending on how good your analytical skills in terms of trading in the market.
June 28, 2018, 01:09:59 AM
Honestly it's more like the economic system. Crypto currency does empower people but then again it empowers the rich more since the rich have more resources at their disposal. That is what capitalism does and that is what happens to us. Yes crypto currency does give wealth to us the ordinary people, but it gives more to the rich.
June 28, 2018, 12:56:17 AM
I think with the bitcoin all can be rich it all depends on how you play trading, when you can and have the expertise of trading and can make you always get profit then you also can become rich from bitcoin, essentially you have to be patient and not easy panic.
June 28, 2018, 12:02:02 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
People who take time and effort to this system or industry take a benefit a lot.If a certain goal has to achieve you must reach your aim.Not all wealthy are those who gain more.If you have the beleive and trust you can possibly achieve also and become succesfull as they are and always be positiveWell for me I think in this kind of business of course the rich will be more richer because they invest more. Important is we can also earn that's just continue doing bounty campaign or trading. Because in bitcoin there is always chance that everyone can earn.
June 27, 2018, 09:14:10 PM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Whatever your status in life bitcoin is open for everyone,its fair to all who interested and willing to take the risk in crypto, the thing is those wealthy people can easily invest and trade bec.they have enough capital ,big capital big profit that makes them more richer and the other side to those who cant afford to invest there are many opportunities for you to earn which is profitable also and to think bitcoin gives wealth equally.
June 27, 2018, 08:25:16 PM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
For those people who still believes on cryptocurrency right now and investing a huge amount while the market prices are dumping then we can say that there will be new wealthy gentleman before the year ends.
March 20, 2018, 10:15:42 PM
A bucket of Govt policies and numerous charity authorities cant make such project a succes so how can just bitcoins itself make it happen?
March 19, 2018, 05:34:59 PM
if bitcoin awareness and education be spread totally right and in enormous efforts then it might have helped in redistribution
March 19, 2018, 12:54:21 AM
We all know that bitcoin is open to all people who want to engage with it, but for me it does not redistributes wealth because not all people are given a chance to access bitcoin specially to those who are in the poverty line. Need to understand technology because nowadays more transactions are already using internet and hi-technology gadgets. We all know that those who can invest more have greater chances of earning big also and this chances are usually favor to those who are wealthy and those who have plenty of resources.
March 18, 2018, 11:05:57 PM
The only thing bitcoins can do well is to help people to get entrapped into financial complexity -_-
March 18, 2018, 02:39:55 PM
It has no relation with redistribution as the cryptoz has no connection with the acccess of OBC peoples and illiterate classes
March 18, 2018, 01:42:46 AM
Many people are member of wealthy family and those people can afford to invest large capital in bitcoin, so therefore as they are already a wealthy people and can afford to invest large capital and gain more profit so meaning the more the manier. The more capital the more incomes returns. If you have a lot of money already and you invest it into bitcoin, you become more and more richer.
... Exactly, If wealthy people will invest a large amount it's a great possibility would be the more incomes returns, because rich people do gain more wealth. Actually, bitcoin is not a redistributing wealth, it's a helpful asset to everyone who have knowledge about computer industry. We can invest in any amount that may able to afford. March 18, 2018, 01:40:47 AM
To be able to access bitcoin for me the most important thing is the understanding that must be had especially in terms of understanding the internet technology because for now internet technology is part of the life of all humans in this world. and I'm sure internet access has now penetrated the world so I think everyone will be able to access bitcoin for individual economic growth and most important is whether they want to learn internet technology.
March 18, 2018, 01:15:15 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Bitcoin redistribute wealth because everybody has a chance to be rich. If you are interested you will find out how to be rich in bitcoin. Many are rich now created by bitcoin in our place. Bitcoin is real, you can have your own remedy to be rich.
March 18, 2018, 12:59:52 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
In this game of bitcoin called bitcoin market there are poor who got rich and there are rich who got more riches. On the other side of the picture there are poor who becomes poorer and rich who got bankrupt. The winner of this game are the one who ends up getting more profit thus we can say that bitcoin can redistribute wealth but we cannot still deny the fact that those who have resources have an advantage to this game.
March 18, 2018, 12:55:38 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
People who take time and effort to this system or industry take a benefit a lot.If a certain goal has to achieve you must reach your aim.Not all wealthy are those who gain more.If you have the beleive and trust you can possibly achieve also and become succesfull as they are and always be positiveOn my own opinion its not a problem if rich became more wealthy.If one person is interested in bitcoin and he work hard for it so no question if he is realy deserved his reward even if he is rich already.If rich people will make effort to gain in bitcoin it there right.And about the redistribute wealth if middle class are not working and rich people do you think it fair to give rewards in middle class just because they need it more than rich one,So I can this what you work hard eventualy you will gain at end whatever your life status.
March 18, 2018, 12:31:30 AM
You have a point in saying making wealthy richer because they can able and easily do mining, investing, trading and gambling. But it's depends on the person on what the status of their life in accessing bitcoin.
March 17, 2018, 11:15:47 PM
Bitcoin never does redistribution. It continuously uprises the financial conditions of rich to make them even richer
March 01, 2018, 01:27:58 PM
Bitcoin won't redistribute anything: if anyone on the planet changed his fiat money in bitcoin the situation would be exactly the same.
The only thing that bitcoin can do is to offer an interesting opportunity to some people that are willing to invest. Nothing more.
The only thing that bitcoin can do is to offer an interesting opportunity to some people that are willing to invest. Nothing more.
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