Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 16.

geopolisch

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Quote from: aardvark15 on February 02, 2018, 02:30:35 PM

Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

One thing that cryptocurrencies have done is give the average person a chance to get in on something at the beginning that has potential to make us wealthy. We don’t have to rely on stock brokers or Wall Street investments where they have the inside information that the average person doesn’t have. Cryptocurrencies gave us a head start over the banks this time.

Bitcoin is the reason for these people who are smiling now and enjoying a satisfied life. The thing is that crypto currencies especially bitcoin has changed the lives of people in very good way.

This crypto currency i.e. bitcoin has become the mainstream investment at present and it has clearly beaten real estate and gold badly. These two traditional methods have very low rate of profit and they cannot make your rich.

awawo

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Yes bitcoin allow the redistribution of wealth in the society but not to all level of the society, because before you can earn bitcoin you will have to be educated and know how the 21st century technology in bitcoin works in order to fit your self in to providing service that is needed to the bitcoin community and get paid in bitcoin but not all the members of the society.

carlisle1

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Quote from: avikz on January 09, 2018, 05:32:41 PM

Like any other currency, bitcoin is not redistributing wealth to the common mass. However it has given an immense opportunity to the educated and tech-savy mass. People who are good with computers can still earn bitcoins or other currencies by providing various service to the crypto community. But that doesn't necessarily mean fair distribution is happening. Only people with a certain set of qualities are eligible to earn it. So it is giving that particular set of people a chance to live a decent life but not to all levels of society.

but you didnt mentioned about the signature campaigns that requires no level of society?if you are literate enough to use gadgets and speaks english i guess its a start of gaining bitcoin.what about the lowest society but has an english native tongue?do they need to offer computer service while theyre only capital is their language to earn..but still i dont believe that there are redistribution of wealth here,its depend on every individual how they will progress here

arrmia11

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Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Bitcoin did not done any re-distribution and it is not just limited only to the, its just that there are opportunities for those who are rich already since they can purchase right away and keep holding on. We must not blame everything that happens to us, especially when in its bad, to the rich person because from the first place they could not achieve those if they didn't work hard for that.

katrimans

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Quote from: DaftAjax on February 02, 2018, 12:30:54 PM

If we are talking about equality then mate you have to know the truth. Equality is ideal, meaning that the wealth will not be divided equally no matter the circumstances are. In a sense, it is the idea that should be comprehended but impossible to implement, more like it is unlikely cannot be patronized.

There will always be division among people.

For obvious reason, yes, rich people will be wealthier, why? Because they know how to manage their money, to carefully think about the strategy on how to make profits. But other people or ordinary people don't make choices the same way those people are. In fact, we don't need to equally distribute, all you have to do is to think on how to improve yourself in this platform.

No second opinion lies to the concept that there will always be people who will be wealthier and there will be people that will have comparatively less wealth.

The idea of the distribution of wealth all across the globe will be much difficult to handle, however bitcoin has been benefiting every class of people as far as one has a keen and thinking mind, he can get benefit from it. One does not has to already wealthy to use bitcoin to its fullest.

dipan30343456

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I don't think it's a redistribution of wealth, it should be that the rich are richer.

Firstly, the knowledge level of the rich is relatively high, and it is easy to contact the BTC earlier.

In the early stage investment BTC basically make money.

Now BTC is down and a lot of people are losing money!

gambitcoin53

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Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

i think no, as far as this system is concern, there is no such thing as redistribution, we are the one who makes us what we are in investments, we all know that bitcoin price is volatile, it is predicted based on the current market price and the total bitcoin in the market. buying and selling by individuals is what really affects the current price.

wxa7115

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Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Such a thing was not part of the plan of satoshi, we would like a better world for everyone but bitcoin is a technology that in order to understand you need to have some knowledge about how the current system works, why it is bad and how bitcoin corrects that, so those that are invested in bitcoin are not average at all, also bitcoin is not a safe investment it is volatile and only those that have some money are able to take the risk of holding bitcoin.

fulmetal08larz

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Everything depends on your strategy, if you are getting affected with the current downtrend of btc price and panic selling causing losses, those who are wealthy are just buying more and more btc at a lower price, most of them aiming for long term (1-2 years hodl). Probably, those who are selling off today are those who have bought large chunks of btc last year when the price was just $1k. The best strategy right now is to grab the opportunity to buy at a lower price/during dips and set your target for a couple of months/years before taking profit.

ronics

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For me bitcoin gives everyone the opportunity to become wealthy and to grow rich the way of investing in bitcoin and the poor ones are also going to success to become wealthy or maybe a millionaire in it having stockpiling on bitcoin from the previous year we have heard a news about a bitcoin where people have become millionaire because bitcoin keep on doing the best yo preserve and strive to achieved success and be will rich because of the bitcoin help us.

zhea

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Quote from: dhrazzen on February 04, 2018, 06:40:53 AM

Both! Bitcoin makes the rich more richer and its also redistributes wealth. Bitcoin distributes their wealth to those investors, traders and bitcoiners who work for them and trust them. So, if you get bitcoin you must be wise and know when to invest, sell and hold. Know also the pump and dump of all cryptocurrencies.

Agree with you! Rich people do have more opportunities to become richer because they all have the resources for them to go into investing and trading. Bitcoin also give a chance to redistribute wealth to other user through working hard and the determination to learn everything and earn from it. It's always up to the people if they want to reach their goals in life, we are always the one who will work for what we have in life in the future. We all know that bitcoin is not just open to rich people but its open to all so if we want to be rich we have to work hard and make some techniques how to earn and become profitable.

Hell-raiser

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Quote from: --DarkSecrets-- on February 02, 2018, 02:37:20 PM

Quote from: aardvark15 on February 02, 2018, 02:30:35 PM

Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

One thing that cryptocurrencies have done is give the average person a chance to get in on something at the beginning that has potential to make us wealthy. We don’t have to rely on stock brokers or Wall Street investments where they have the inside information that the average person doesn’t have. Cryptocurrencies gave us a head start over the banks this time.

Very well said! Bitoin is not limited to rich and wealthy people alone but is very open to all people who are driven to become one of the rich. Cryptocurrency is giving opportunity to all people equally that is does consider any level of social status to become a trader. That is why there are some topics here in our forum that discusses how the possibility of poor becoming rich because of biotin.

Bitcoin is certainly not limited to rich people but we should get real here. Those who have deeper pockets will earn a lot more than the competition, all other things being the same. If you take two men, one with a thousand dollars, the other with a million, and assume that they multiply their capital 2 times, the first will have 2 thousand dollars while the other 2 million dollars. See the difference? Even if Bitcoin provides equal opportunities to everyone, this is not enough. There should also be equal starting conditions.

dhrazzen

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Both! Bitcoin makes the rich more richer and its also redistributes wealth. Bitcoin distributes their wealth to those investors, traders and bitcoiners who work for them and trust them. So, if you get bitcoin you must be wise and know when to invest, sell and hold. Know also the pump and dump of all cryptocurrencies.

Sled

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Quote from: cepedacharles29 on February 04, 2018, 06:21:46 AM

No, if neither the communists or the religions were able to redistribute wealth, why would Bitcoin do this? There isn't equality in this world, because no one is equal to each other. Those who manage well their money and time will become richer, those wasting their money and time will continue poor... It's upon to each one of us to make the difference in our own life and to stop complaining how someone is richer than us.

I agree with this. It doesn't matter if you are rich or poor, if you want to become wealthier then it is depending in how you are going to manage and spend your time and money in such a good way because that is how the people get some improvements for themselves because they know how to treasure and use their time and energy in such an efficient way.

andrei214

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Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Bitcoin cant be blame if everyone who are already rich gets richer and some people lives in the same way.The person is the one who creates his or her future.They are the one who are going to decide what kind of life and what decisions they are going to make.Like in selling bitcoins, if they seen its price good then they are going to sell it but if they have doubt then they will not.Wise decisioning is what needed.

cepedacharles29

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No, if neither the communists or the religions were able to redistribute wealth, why would Bitcoin do this? There isn't equality in this world, because no one is equal to each other. Those who manage well their money and time will become richer, those wasting their money and time will continue poor... It's upon to each one of us to make the difference in our own life and to stop complaining how someone is richer than us.

RamBahadur.Gurung

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Very few of the early adopters became rich as a result of Bitcoin. Many of them had their coins stolen, and most of the rest dumped their coins in 2014 and 2015, when the prices were low. It is the wealthy who invested big amounts in to BTC and reaped the rewards from its rise.

torch2121

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For me yes. It will make the wealthy richer. Maybe because what I see is they see the potential and they will earn more as they redistribute.

thecoder2017

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If your wealthy enough and join bitcoin through trading and your lucky at that time that you made your money double yes its.makes you more wealthier one thing more we say that it redistribute wealth but we can get this by working on their thread and by joining their signature campaigns and that were rewarded by tokens and can be converted to cast

--DarkSecrets--

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Quote from: aardvark15 on February 02, 2018, 02:30:35 PM

Quote from: francojon on January 09, 2018, 05:17:29 PM

Just that... do you think there is any re-distribution effect at all due to bitcoin?

One thing that cryptocurrencies have done is give the average person a chance to get in on something at the beginning that has potential to make us wealthy. We don’t have to rely on stock brokers or Wall Street investments where they have the inside information that the average person doesn’t have. Cryptocurrencies gave us a head start over the banks this time.

Very well said! Bitoin is not limited to rich and wealthy people alone but is very open to all people who are driven to become one of the rich. Cryptocurrency is giving opportunity to all people equally that is does consider any level of social status to become a trader. That is why there are some topics here in our forum that discusses how the possibility of poor becoming rich because of biotin.

Topic: Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 16. (Read 3813 times)