May be it's sad to say but "The rich get richer and the poor get poorer" is just a law of nature: when you have money, you have also power, protection, an a lot of options.
If you don't have, in a lot of situation you are forced to do bad choices forced by needs.
So, with dollars or with bitcoin, the situation won't change.
Topic: Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 18. (Read 3797 times)
January 26, 2018, 07:48:06 AM
January 26, 2018, 07:41:52 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Maybe yes. Bitcoin usage can do re-distribute wealth to people in a way that it was giving opportunity to those peopl who persevere in working into Bitcoin cryptocurrency and giving them a chance to be rich or wealthy in simple way as possible. It can do also make those rich people into richer one due to the fact that even rich people still get to engage into Bitcoin cryptocurrency by making such investments to make their money grow into larger one which makes them to get into a richer one.In way, bitcoin is an innovation that can be directly used by everyday people. You don´t need huge amounts to invest, and it can give you a nice profit. The "problem" is that the wealthy are able to get even more profit as they can invest larger amounts, even without running a serious risk compared to their total worth.
January 19, 2018, 05:25:17 PM
I think that bitcoin just give opportunities to all of the people who uses it. If you are rich and you invest or buy some bitcoins then you will be richer but if you are a poor person and you work hard in bitcoin and you put a lot of effort to earn bitcoin like doing some freelancing online then you will be able to become rich.
Definitely!Bitcoin has given us great opportunities to learn and earn big.It's in ourselves already how we will cope up with that opportunities.For poor individuals,if you know the strategies in bitcoin,for sure you will get rich with bitcoin in due time.But for those wealthy persons already,if they keep on buying and holding bitcoins,then they will really get wealthier with that. 
January 19, 2018, 04:45:47 PM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Maybe yes. Bitcoin usage can do re-distribute wealth to people in a way that it was giving opportunity to those peopl who persevere in working into Bitcoin cryptocurrency and giving them a chance to be rich or wealthy in simple way as possible. It can do also make those rich people into richer one due to the fact that even rich people still get to engage into Bitcoin cryptocurrency by making such investments to make their money grow into larger one which makes them to get into a richer one. January 19, 2018, 04:41:25 PM
I know bitcoin is helping those in the lower level of society and also those who have no job at all they are into bitcoin to earn to improve their lives and maybe they will become richer .
People who earns bitcoin with a purpose to just have financial freedom and have a job that can support their daily living. It change the life of people by having an income that is enough to spend even do not have yet investment. The reason why wealthy people become more richer is because they have money to invest and hold until it will worth a lot of profit. Bitcoin can distribute wealth to everyone if can use better strategies and avoid to spend but rather save it.
January 19, 2018, 04:20:48 PM
I think that bitcoin just give opportunities to all of the people who uses it. If you are rich and you invest or buy some bitcoins then you will be richer but if you are a poor person and you work hard in bitcoin and you put a lot of effort to earn bitcoin like doing some freelancing online then you will be able to become rich.
January 19, 2018, 03:20:29 PM
Wealthy people take their agvantages in any case.
But all bitcoin-related infrastructure require new specialicts, that can take their own piece of pie.
I don’t really know what to say here, but I’m guessing it does both. But if you’re a poor guy that invests in Bitcoin and leave your money in it, believing that Bitcoin will one day become a currency, then you must be a fool. The rich guys takes this as an investment, and they invest to rip the poor guys off of what they have. So if you invest, try to withdraw your profits all the time, so you don’t encounter loss. But all bitcoin-related infrastructure require new specialicts, that can take their own piece of pie.
January 19, 2018, 02:49:02 PM
As long as bitcoin still has a purpose, i dont think it will makes the wealthy richer. Its true that bitcoin can consider an investment but bitcoin live up until now because of it purpose that people mostly used until now, it doesnt distributes wealth but it makes its own wealth by gaining momentum in price hiking. 
January 19, 2018, 02:27:54 PM
Bitcoin is like a business wherein you must put a full effort, determinated mind, and powerful dedication to gain and earn whatever you wanted to have. It is always based on yourself on how you will take and run this kind of business.
January 19, 2018, 02:20:20 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.
January 19, 2018, 01:46:33 PM
If you are skillful or your specialization is computers and related to technical and such then it is possible for you to be rich in bitcoin. Technical, marketing, computer skills will make you have an advantage in this area. It doesn't really make the rich richier but rather those who are skillful enough and determined enough who will get rich.
January 19, 2018, 01:03:44 PM
Wealthy people take their agvantages in any case.
But all bitcoin-related infrastructure require new specialicts, that can take their own piece of pie.
But all bitcoin-related infrastructure require new specialicts, that can take their own piece of pie.
January 19, 2018, 10:43:42 AM
I think it definitely made those early adopters richer. Maybe later on rich people who could afford to buy Bitcoin at a higher price came along and it's made them richer. And the even richer with the power to manipulate, it will make them richer.
So all good ideas can get ruined.
So all good ideas can get ruined.
January 19, 2018, 10:29:42 AM
Until people learn how to buy bitcoin, many middle or lower class Americans will assume that it is "too expensive" so, in America, no. It is, however, true that for rural parts of many third world countries it may eventually enable the small scale entrepreneur, especially if we make a deliberate effort to foster it as micro-loans, etc.
That's some really fun things you say here.
So, let me clear things for you.
Middle class and lower class Americans, which earn between 35-75 $ a year and afford a house, a car and a trip aboard are calling BTC two expensive while at the same time, in the rural part of a 3rd world country (lets say Philippine) , people that are making below 2000$ a year and spend more than half of it on basic food are going to "invest".
Yeah, probably you're right, forget about the opposite, white has just turned blue with red stripes.
At the initial stage of any currency redistributes wealth.
No, it is not.
Do you have examples for at least one that did this?
Basically redistribution of wealth doesn't depend on any currency, in fact it depends on the form of the economic system. Bitcoin no doubt is a new financial system and currency but still it is a part of the capitalist economic system. It is not the currency to be blamed but the flaws are in the system, like everyone knows that in capitalism the rich becomes richer and the poor becomes poorer. Bitcoin being a new technological invention brought up some early adopters to the rich society, but it is now itself caged by the rich to make them richer. This will go on until any new and better economic system is introduced to the world.
All new technology is available first to the rich.
And this is almost an universal law.Because only the rich can afford it.
And back in 2010, the poor in poor countries had no internet access, so no access to bitcoin.
As for capitalism, you can always choose, this flawed system like the US , or the socialism of Venezuela.
Your option?
January 18, 2018, 12:44:09 AM
I know bitcoin is helping those in the lower level of society and also those who have no job at all they are into bitcoin to earn to improve their lives and maybe they will become richer .
January 17, 2018, 09:36:51 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Bitcoin is a type of digital currency that can be used like any other currency, can be used as a means of payment transactions or made into the form of investment assets. there is no effect of redistribution of wealth from bitcoin, but people can become rich because of this type of cryptococcus, even bitcoin trading just like other stock markets but can be more profitable and more promising. January 17, 2018, 08:57:15 AM
I think about this is that it is not about being wealth anymore because there are still many people who are just in the middle of poorness and wealth but they are going to buy bitcoins because they know that bitcoins are still worth of holding. wealthy becomes more wealthy because they know that btc is worth it too.
January 17, 2018, 08:25:39 AM
At the initial stage of any currency redistributes wealth. But then the money is always concentrated in the hands of more competitive people. This leads to financial inequality and the emergence of various classes of society. Then there are unequal conditions for the start of the children from different classes. And history repeats itself.
January 17, 2018, 08:09:53 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
I don't think bitcoin is redistributing wealth but I think it created and still creating wealthy opportunity to all those whom seized the opportunity of making something out of it. We can't simply ignore the fact that it bettered the life of those whom used it as a business opportunity. And it did not make the wealth richer; bitcoin started at quite a low price which was quite affordable to many before it pumped. January 17, 2018, 06:14:21 AM
Wealth distribution is when wealth of rich people are distributed to poor people. Which I think is not happening.
The monetary gain in bitcoin depends on how well you use bitcoin as capital or investment.
Bitcoin is created for Financial freedom and it means we are in control of our gains and losses.
You may say that rich can be richer because their investments are just a part of the their wealth that they could leave until they see profits again. While ooor people invest maybe forty or fifty percent of their income just to be involved in bitcoins.?
The monetary gain in bitcoin depends on how well you use bitcoin as capital or investment.
Bitcoin is created for Financial freedom and it means we are in control of our gains and losses.
You may say that rich can be richer because their investments are just a part of the their wealth that they could leave until they see profits again. While ooor people invest maybe forty or fifty percent of their income just to be involved in bitcoins.?
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