Topic: Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 17. (Read 3797 times)
February 02, 2018, 02:36:57 PM
I'm not sure. It certainly has helped a lot of people. But people with a lot of money, entities with a lot of money can manipulate markets to their liking. They can pump it up, get the average folks involved, after they buying cheap, and then sell it to them at a premium. Rich people, the ones with no conscious, with more power that the average rich person will take advantage.
February 02, 2018, 02:30:35 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.
February 02, 2018, 01:52:52 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.
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.
I don´t think that inequality is bad, I think it is in fact good. No, I am talking about inequality in RESULTS, that is, you cannot pretend to have the same as other without doing more than others nor you can pretend to be born rich "by the grace of the gods" so that is fair.
Opportunities were not particularly equal with Bitcoin, as it arrived earlier to some countries and population groups, but I do think that most people had a fair chance to get into the train if they had wanted.
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.
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.
February 02, 2018, 11:44:25 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
The price recently has been falling, the ironic effect to this is to distribute bitcoin across those who will actually use it. A proper economic system doesnt only go in one direction or it might only facilitate the rich.
So people might feel the lower price for bitcoin is not good but it also allows easier entry (greater supply) for those who wish to pick up business from those who only wanted to profit on price gains and not actual usage of bitcoin.
Speculation and asset flipping is for the rich to get richer; price up and down with supply and demand of real market is good for the less well off. A sell off shakes off the dead wood or weak hands, tests strength I do hope its some positive and also Bitcoin keeps improving its usability
February 02, 2018, 11:39:59 AM
For the time being the bottom of society is not so familiar with advanced technology. Even those who already have pasilitas technology can not use properly. But for the rich people who have adequate technological facilities and based on science. They use more of these technologies. That is, their participation in bitcoin makes the rich richer. And they not only distribute their wealth they are willing to bet in order to increase their wealth
February 02, 2018, 11:15:51 AM
Like any system, it only makes the rich even richer, sometimes it is played on the wait, in the long run, there is to see panic seller that enriches even more whales
Well yoi do have a point because for always those who have money lots of it have power. Although the bitcoin itself can be used by people in different walks of life. It gives additional income, makes one's life comfortable and makes rich people even richer.
February 02, 2018, 10:56:08 AM
All systems have different functionalities but something is certain ... The one who is rich will not stop being one. Now, those who do not have a great quality of life in excess, who are not rich, we can improve our quality of life through the inversones of bitcoin, there are many cases that have arisen through this system, they are stories of people who invested by chance in 2010/2011 and today remembering that investment they realize everything they have earned.
February 02, 2018, 10:49:33 AM
Like any system, it only makes the rich even richer, sometimes it is played on the wait, in the long run, there is to see panic seller that enriches even more whales
February 02, 2018, 10:41:42 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.
February 02, 2018, 10:33:43 AM
World is unfair! There is no more equal distribution of wealth since before and bitcoin cannot solve that problem. We just need to accept that if you are poor then you will die poor! Unless you have the opportunity to become successful but most of the opportunities are risk taking. If you want to live, try to be wise!
Even bitcoin banks the unbanked. In the end, all riches will gain more profits and small investors will have a limited source of income.
Even bitcoin banks the unbanked. In the end, all riches will gain more profits and small investors will have a limited source of income.
February 02, 2018, 10:14:41 AM
I believe that there is no poverty and wealth in business! It all depends on the person who figured out how to properly increase their capital. It's all about thinking.
February 02, 2018, 10:06:16 AM
Bitcoin is just a currency, so it can do nothing. Of course, it offer a way for poor people to earn something, with mining or trading, but nothing more.
I don't think bitcoin millionaires will share their wealth...
I don't think bitcoin millionaires will share their wealth...
January 30, 2018, 08:35:04 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
I think it's both needless to say. Most of the one's that are acquiring so much wealth on bitcoins were the one's
that were able purchase, afford and invest much on btc on the first place. Bitcoins redistribution of wealth
happened a long time ago when it was cheaper, maybe it might have also done so recently but the rich are now
wealthier than they were.
January 30, 2018, 07:07:06 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
The effect on redistribution of wealth thru bitcoin is only small effects on the current status of the poor people. The rule of economics of 80-20 rule will still apply to bitcoin for the reason of only wealthiest people can benefits the opportunity of buying the large chunk of bitcoin supply. Only on the perfect world will exist the equality of wealth of people.
January 29, 2018, 03:51:48 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Bitcoins redistribute the wealth among all the users and also it gives the poor opportunities to be richer. Bitcoins are easy to earned and just we need is some good knowledge and learning skills. I think, bitcoins are much profitable for the individuals with poor financial conditions and bitcoins can really make a individual earn a happy life by balancing his/her financial life.Bitcoin as all the others altcoins makes the early adopters richer.
Because they deserve that as they were coming to know about the opportunity and potential of those coins in its early stage itself. If knowledge is the wealth then it is a fair and correct to make early adopters rich. 
January 26, 2018, 02:48:15 PM
Bitcoin as all the others altcoins makes the early adopters richer.
Only one coin is a rule changer, but I'm not going to advertise it directly.
Only one coin is a rule changer, but I'm not going to advertise it directly.
January 26, 2018, 02:46:08 PM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
There was some redistribution, clearly, from everyone else > early adopters. It's long been noted that bitcoin will not make everyone rich, or make all the poor wealthy. It honestly is unlikely to change too much regarding wealth inequality. On one side, the avg investor that has gotten rich wasn't rich to begin with, but Bitcoin is also fantastic for evading taxes which will help the already rich.
January 26, 2018, 02:39:51 PM
''IF YOU BORN POOR IT'S NOT YOUR MISTAKE BUT IF YOU WANT REMAIN POOR ITS YOUR MISTAKE''
The wealth it self have ending but Bitcoin make it more strong and stable and make double.People in exceptional cases hold wealth for long time but in majority seen came on roads if they didn't planned and diversify it.People believe in luck and just wait for moment that they will be rich but actually It's a personality trait when you look at the more normal cases, additionally luck at the extreme cases.
It can be appreciated if we think how wealth is created rather than distribution then we will find the ways to secure our wealthy future in this current era the Bitcoin is hope for all which make you wealthy richer,if we take a look on past of Bitcoin it play a role of both redistribution of wealth and generate the richest people as well.
The wealth it self have ending but Bitcoin make it more strong and stable and make double.People in exceptional cases hold wealth for long time but in majority seen came on roads if they didn't planned and diversify it.People believe in luck and just wait for moment that they will be rich but actually It's a personality trait when you look at the more normal cases, additionally luck at the extreme cases.
It can be appreciated if we think how wealth is created rather than distribution then we will find the ways to secure our wealthy future in this current era the Bitcoin is hope for all which make you wealthy richer,if we take a look on past of Bitcoin it play a role of both redistribution of wealth and generate the richest people as well.
January 26, 2018, 01:56:03 PM
Wealthy people have a lot of advantages already because first of all, they are financially educated unlike the majority of the masses. Plus, they have resources ready to put into other investments. But despite of this advantage, bitcoin has given the majority a chance to get to the same footing with the wealthy. But how? you don't have to be uber rich or have a substantial amount of money to buy bitcoin. From there, you can grow your money through making use of multiple strategies. Plus, there are campaigns, airdrops and others wherein you can earn btc. In my own opinion, ctc is easier to understand than forex and stock trading.
There is hardly anything which can be added to this post. The wealthy not only have more resources at their disposal, they also have more time. This may sound a bit controversial but what I mean is that the wealthy investors can wait longer till their investments turn profitable or bring more profits once they are in the green zone. And as we have all witnessed, patience has been the key to profits and most rewarding virtue in the cryptoworld since the very beginning. The poor can't wait till the price rises enough because they simply won't let their profits grow high.
Jump to: