Is BTC only for middle and upper economic class? - page 3.

MMA

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Quote from: Skieleton on July 02, 2017, 01:59:00 PM

Quote from: U2 on July 02, 2017, 01:10:06 PM

Anyone that's free to think on their own can use bitcoins. Anyone with an Internet access and a little storage on their device can use bitcoins. It probably mostly is middle class people but that doesn't mean it can't help people that are currently unbanked. It's a surprising amount of the world if you're used to living in a first world country.

The internet is now available everywhere. Poor people do not have to have it at home. Is available commercial center or train station. Everything what you should to do is get a device for reading and writing. Many people just donate their old laptops or sell for little money. Just have Wi-Fi. That's all...

Internet facilities are now available even in backward countries, in my country who get livelihood with struggle and most cannot their other basic needs, they must have smartphone and internet facility, that are more cheep than the basic needs, therefore bitcoin is not only for the upper and middle class but bitcoin is for all. because bitcoin is a currency and everyone can hold it and can use it also.

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I don't think it was meant only for these classes, though at the moment it's ending up to be something that's only really being adopted and used by these two middle and upper economic classes due to the ways Bitcoin has evolved. Think of it in these eyes here, with the current issues when it comes to people being completely ripped off for fees, the current estimated fee is around the price of $3 which no one in the lower socioeconomic class is going to be able to afford to use a currency, I know many people are going to come out and say it's cheaper than WU or transfer companies.

But it's not, people actually have to buy Bitcoins and then that take fees, using it fees, selling it fees, more and more and more and more fees bud.

batang_bitcoin

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

Bitcoin in my place is popular and there is a lot of people that's entering everyday, mostly people here are always for something to do for part time. And bitcoin is the one they saw , there's no discrimination in bitcoin we are still less because bitcoin is still young but even it is still a young currency, the price is great.

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Quote from: tabas on July 02, 2017, 03:02:30 PM

Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

It doesn't matter if we are only 3% that are familiar with bitcoin. Think of it that while we are only 3% the price is already so what if it is going to be 5%,10% or 50% the price will be beneficial to all of us. It's not about middle and upper class, everyone is free to use bitcoin, others are not just aware that there is existing coin like this one.

In case that price of bitcoin go extremely high then it will more suitable for rich and upper class then for ordinary people, we will need to settle with some other much cheaper alt and to dream about buying bitcoin. Basically if you believe in this kind of scenario then it would be wise to save every satoshi you make, there is a little chance that each satoshi will worth a lot, and then even satoshis will be expensive for many people. But is there a chance for something like that to even happen? And if there is, when we can expect that to happen?

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

It doesn't matter if we are only 3% that are familiar with bitcoin. Think of it that while we are only 3% the price is already so what if it is going to be 5%,10% or 50% the price will be beneficial to all of us. It's not about middle and upper class, everyone is free to use bitcoin, others are not just aware that there is existing coin like this one.

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Quote from: U2 on July 02, 2017, 01:10:06 PM

Anyone that's free to think on their own can use bitcoins. Anyone with an Internet access and a little storage on their device can use bitcoins. It probably mostly is middle class people but that doesn't mean it can't help people that are currently unbanked. It's a surprising amount of the world if you're used to living in a first world country.

The internet is now available everywhere. Poor people do not have to have it at home. Is available commercial center or train station. Everything what you should to do is get a device for reading and writing. Many people just donate their old laptops or sell for little money. Just have Wi-Fi. That's all...

audaciousbeing

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

Over here as well I will also say the upper and middle class are mostly involved in bitcoin and little part of the lower class and the reason is because the fact that for anyone to even know about bitcoin over here, you have to have access to the internet in which the categories of people I mentioned there are the ones that even have the capacity to have the kind of smart phones that could do that, the level of knowledge to operate such and even the financial wherewithal to afford such while to others they are comfortable with the mobile phones that can call, and reacieve text messages.

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Anyone that's free to think on their own can use bitcoins. Anyone with an Internet access and a little storage on their device can use bitcoins. It probably mostly is middle class people but that doesn't mean it can't help people that are currently unbanked. It's a surprising amount of the world if you're used to living in a first world country.

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

In Russia only tech related guys and traders knows what it is Cheesy

speem28

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

Regardless what your social class could be, you can use Bitcoin. Bitcoin does not restrict nor discriminate its users depending on their social level, as long as you have the knowledge about its usage then you can freely use Bitcoin (supposing that it is not illegal in your country or territory). Most users of Bitcoin is included in the middle class or higher simply because they can afford it. So if the lower class cannot afford to use Bitcoin then they cannot but it does not mean that they are not allowed to use it.

Only few people know Bitcoin because it lack publicity. That is the main reason I see.

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

I won't say that bitcoin belongs to only to the middle and upper income class people. I would rather say that bitcoin belongs to only the technologically sound people. If you are not a tech-savy human, you won't be able to understand the bitcoin and won't be able to take out any benefit from it.

So rather diving the bitcoin users economically, it's better to classify them as per their education and technology friendliness. If a poor man is technically sound then he can also earn bitcoin without any problem.

bouren

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No doubt bitcoin technology was developed with the aim of targeting the poorest of society to connect but with time being several obstacles hinder this vision. Basic reasons are- use of internet which is not everyone's cup of tea, restrictions and difficulty in buying bitcoins which I don't think poors can access. And much more..

Yakamoto

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

It all depends on what the economic situation in your country is in the first place. If Bitcoin was just for the middle and upper classes then there would be a lot more people within your country talking about it, as opposed to 3%.

Aside from that, the only thing that limits lower classes from getting involved in Bitcoin is either their lack fo funds to invest in Bitcoin with, or they don't have access to the internet, which is becoming an increasingly irregular thing. It just depends on whether or not they have the means to acquire it and not much else, and acquiring it can mean a lot of different things.

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Quote from: Ayers on July 02, 2017, 09:32:48 AM

i don't think so like many other, you can buy your bitcoin if you are poor, just by less, none is forcing you to buy 1 whole bitcoin, but i can agree if we talk about fee, with current expensive fee only mid class can use bitcoin all day without looking at the fee cost

You have no clue what being poor means.
Being poor to the state that you can't fed yourself properly, you have no money for clothes you have no way to pay for medical care.
Who the hell do you think will try to buy bitcoins at this stage?
With what? Rat pelts?

haroldtee

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Quote from: zarados on July 02, 2017, 01:05:56 AM

hello..Please your opinion.

As we know that Bitcoin is being discussed right now and people hope in their country Bitcoin can be ratified as a legitimate transaction tool. But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

I doubt if the familiarity of bitcoin has anything to do with the value. It is not limited to only the upper or mid class. If lower class is learned enough to tap into the core values of bitcoin, I see no reason why they shouldn't. Like I always say, you don't need to have amount to purchase 1bitcoin using fiat before you do. You can start from small. Moreover there are platforms where you can earn bitcoin as a lower class, everything has to do with information and how well the person in question is ready to research and find answers to certain questions.

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Quote from: eaLiTy on July 02, 2017, 05:55:35 AM

Quote from: zarados on July 02, 2017, 01:05:56 AM

But in my country, only about 3% are familiar with bitcoin. Is this because only the upper middle class knows the bitcoin, or is there any other cause? What about bitcoin in your place?

It is simply because they are ignorant about bitcoin or simply would not bother to check what bitcoin is,there is a notion with people that they will be skeptic for the things they see for the first time because they are not aware nor care to learn about new things. It is not about middle and upper economic class,bitcoin is for everyone but mining is for the upper class. Wink

Totally not true. Upper class will not bother with mining as they already have money. It's more for a middle and lower class people as it does not require much investment in order to profit from it within a few months

cramcram21

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I don't really think that bitcoin is only for the middle and upper economic class,
It is for everyone who are interested to use it and earn through it,
They just have to know how this crypto currency works and of course they should know how to send and how to receive their Bits,
For my own opinion bitcoin was created not only for the middle or upper economic class it is for all of us.

Ayers

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i don't think so like many other, you can buy your bitcoin if you are poor, just by less, none is forcing you to buy 1 whole bitcoin, but i can agree if we talk about fee, with current expensive fee only mid class can use bitcoin all day without looking at the fee cost

SvenBomvolen

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I don't know where are you from, but it just can't be true to only middle and upper classes. Where from you took such information and percent?
I can understand that bitcoin is not acceptable for poor people who has not a computer or a smartphone, because of you can't work with bitcoin without the Internet. And that fact that under the middle class doesn't know about bitcoin can be explained with that fact that today bitcoin is not so known in general. mostly everything is on English and not all mass media talk about bitcoin.

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That sounds too backward think in the world of digitalisation. Bitcoin is free hub and ca be accessed with no boundaries. Any educated person on this earth can go into bitcoin. They just need to know how to handle the internet and read!

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