Does Bitcoin Help The Poor - page 6.

AndySt

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Quote from: shoreno on January 27, 2021, 06:22:14 PM

Quote from: Alfreed on January 27, 2021, 11:22:54 AM

Quote from: Hydrogen on January 20, 2021, 07:52:54 PM

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

if i say that i can buy btc but my money is only 1 dollar , do you think i am rich ? no . not all who buy btc are rich and also not those that who own a nokia phones are poor .
bitcoin is not a government , btc dont have a people behind it so how can btc distribute the help . the only way i think btc can help is when people also join btc , they can get help by earning profits .

There can be no universal answer to this question, but really at this point in time, we still have to state that bitcoin can bring much more benefit to the middle and wealthy segments of society in terms of investment and speculation than to the poor. Although it can be recalled that bitcoin is sometimes used by migrant workers who have left to work in another country for cross-border transfers to not the richest members of their family.

shoreno

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Quote from: Alfreed on January 27, 2021, 11:22:54 AM

Quote from: Hydrogen on January 20, 2021, 07:52:54 PM

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

if i say that i can buy btc but my money is only 1 dollar , do you think i am rich ? no . not all who buy btc are rich and also not those that who own a nokia phones are poor .

bitcoin is not a government , btc dont have a people behind it so how can btc distribute the help . the only way i think btc can help is when people also join btc , they can get help by earning profits .

GeorgeJohn

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Actually it's obvious that bitcoin will help immensely to enrichment people and eradicate levels of poverty in different societies, shall let us call it a day.
normally bitcoin helped in different dimension because with the existence of cryptocurrency people are enable to transact when ever them feel like sending money to the relatives without much stress, so op is right because is obvious that cryptocurrency in general has reduce the level of stress via sending money across another country without passing much strategies in fiat banking system, I think with that alone it's applause to satoshi.

Alfreed

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Quote from: Hydrogen on January 20, 2021, 07:52:54 PM

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

Godday

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Quote from: Flowzer on January 27, 2021, 06:37:37 AM

In my country, some of people do bounty hunter and airdrop hunter. Most of them are low-middle class person, they really have income from this field and i think the idea is bitcoin help the poor is true. Since if no Bitcoin then maybe no cryptocurrency space at this time. Also its helps some middle-high person do mining to get cryptocurrency rewards.

Indeed, bitcoin helps many people if we look at it today, it is proven that some people have a side job or stay with bitcoin. Not a few of them whose economy can be improved. which makes me now more able to introduce to people how to get closer and also get bitcoin for free or we invest. hope that more people can help their economy later by the existence of bitcoin

GbitG

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stead.builders

As I am new to this but feeling its really helping many even not for poor but good for many those are going with skills and not able to go on work now can do much things just because of this technology bitcoin is reducing many issues which was doing very bad in middle class peoples and lower income in developing countries now they can increase the level of life with this because very few time and good earning is really possible.

arowana33

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Quote from: Hydrogen on January 20, 2021, 07:52:54 PM

People ask why they should buy and support bitcoin.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.

Bitcoin has shown its profitability for "poor" people, mainly from developing countries.
But at this point fees and transaction time are too high to use it, so I guess this mission lay down on altcoins now.

samputin

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Quote from: michellee on January 21, 2021, 01:18:00 AM

I agree bitcoin helps the poor, but that is only for people who want to try to make money from bitcoin. If they just wait without doing something, they will not get anything and can not solve their finances. If they only bought bitcoin without doing nothing except wait, that will not good because they need to have money, and they will not get that money if they do not do something. If they can buy and sell bitcoin, they will make money from the profit they can use to buy their daily needs.

How can people buy bitcoin if they are poor? That's true about buying ang selling bitcoin, but how can we do that? I have solution on how bitcoin helps the poor! Like this signature campaign, we earn through advertising this campaign. And our salary will be use in trading. Trading really helps to grow our money, patient is the key. You know what I am pointing is? Wait the high price.

This is a simple way to get out in poverty using bitcoin.

youdacapt

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GOD is TRUE

In my own opinion; i think bitcoin helps the poor, the average, the rich; infact bitcoin helps everyone. starting from the pandemic angle; crypto currency has helped reduce the effects of the pandemic because people were encouraged to make payments on the blockchain. If we then add the trading, investment and the hunt for bitcoin by individuals in the world; you would agree that bitcoin helps everyone

Flowzer

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In my country, some of people do bounty hunter and airdrop hunter. Most of them are low-middle class person, they really have income from this field and i think the idea is bitcoin help the poor is true. Since if no Bitcoin then maybe no cryptocurrency space at this time. Also its helps some middle-high person do mining to get cryptocurrency rewards.

ultrloa

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Quote from: KEN G on January 27, 2021, 03:48:52 AM

Not possible. First of all, the poor may not have enough money to have an account to trade Bitcoin. Second, Bitcoin may be more risky than the poor can afford. Finally, the poor have very little understanding of investment, which may put them in a more impoverished state.

Why not if you are skilled enough to do some task offered by so many people here provably you can earn some money here, remember earning with bitcoins doesn't need any diploma or resume the only thing you need is skill and hardwork to get a job.

Remember earning bitcoin is not only for rich people or for buying it since there are so many ways to earn it without spending any bucks.

Quote from: KEN K on January 27, 2021, 05:39:17 AM

Bitcoin can help the poor obtain certain benefits, but it may be difficult to get rich.

Nothing is impossible for people who is dedicated on their craft so if you like bitcoin and believe on its technology maybe you should find some way to gain skilled and enhance it and maybe from this you can earn richest that you can't imagine that will came to you.

KEN K

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Bitcoin can help the poor obtain certain benefits, but it may be difficult to get rich.

KEN H

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Bitcoin can help the poor to a certain extent. When the time is right, Bitcoin can enable the poor to obtain substantial benefits in a short period of time. But at the same time, it will also make the poor get rich overnight, so that the poor will no longer work.

KEN G

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Not possible. First of all, the poor may not have enough money to have an account to trade Bitcoin. Second, Bitcoin may be more risky than the poor can afford. Finally, the poor have very little understanding of investment, which may put them in a more impoverished state.

JoKleinTopper

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I don't really think so. it's hard for the poor to know about btc, let along buying it. Wealthy become richer through btc, poor people stay plain.

Obito

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Quote from: AicecreaME on January 22, 2021, 08:10:28 AM

Quote from: Obito on January 22, 2021, 03:45:29 AM

~

This is the other concern about this topic. I think they could learn it because they don't have any choice but to adopt the new currency when Bitcoin replaced fiat in the future. And for those who have no gadgets, I hope that the Government will provide everything that we need in order to be prepare in the new future, then later on, we'll just see that everyone is doing great on using cryptocurrency as our main currency.

Depending on your government will not get you that far, you know how bureaucracy is still a problem. And those people that are in power will not always put the welfare of their people, the one in need. If adoption was that easy, we should have done already.

NeverSop

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HODL

In my opinion, Bitcoin cannot help the poor. Specifically, the information about technology of the poor always advocates, they do not even know what bitcoin is? My Vietnam is such a school. The poor often think about the piece of rice, the shirt, the stability and the conservation, but they do not tend to be strong and are qualified to access information or speculate. They don't even know the wallet and how to use bitcoin? any chance
Bitcoin could in fact cause a huge gap in status between rich and poor.
Anyway, We are one of the most successful countries in holding back covid 19's development most convincingly.

Fredomago

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Quote from: MCobian on January 26, 2021, 07:27:49 PM

I agree with the opinion that Bitcoin help the poor, because it's a fact that does happen. Although not a few people are poor because of
Bitcoin too. Therefore there are rules and ways to get profit from Bitcoin, not just buying Bitcoin we can instantly become rich. Therefore,
if we find an investment offer that can double your Bitcoin without selling it, it is a fraud. So poor people if they want to get profit from Bitcoin,
they need to first learn what Bitcoin is, so they can't get instant profit from Bitcoin.

The danger of those people who are rushing things out, people who loves exploring without proper understanding, they are very prone of losing money instead of generating it.

Poor people can help out by this investment venue if they will do their reserch and with good understanding beneat this investment feature they will be able to grab those money out from either investing or trading this asset.

Not simple as many promise quick results, it takes time before you'll be able
to bag good amount of profits.

KEN B

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Bitcoin will not help the poor with a high probability. First, the poor do not have enough money to buy Bitcoin. Secondly, the volatility of Bitcoin is too large, and the poor may not be able to bear the risk of Bitcoin at all. Finally, the poor tend to have the psychology of chasing ups and downs, which is not desirable for any investment and speculation.

Yum Bravo

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Bitcoin can help poor people avoid the risk of inflation, such as in Venezuela.

Topic: Does Bitcoin Help The Poor - page 6. (Read 1782 times)