If people are wise and open minded, they can earn a descent amount of money though cryptocurrency rather than having a 12hours daily job in a company of others. Trading bitcoin is one of alternative to full time job if you are going to learn it. It gives you profit and you are the boss, you hold your time, you can trade anytime which is convenience to you while staying at home.
I know at this current generation almost everyone even the poor already knows how to use cellphone and other gadgets. It's not difficult for them to learn how to trade cryptocurrency in order to earn money. Young people on this generation is very familiar with the new technology like computer. For the capital, if they know how to trade they can start even a small amount of capital.
Trading and investing in bitcoin and other digital currency can truly help us change our life and way of living.
Topic: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty - page 2. (Read 577 times)
February 01, 2021, 11:37:42 AM
February 01, 2021, 08:37:46 AM
Bitcoin could really change the lives of people in a certain country because of the opportunities that it offers. Africa is one of the neediest countries and it's a good thing that they could consider Bitcoin to eliminate poverty.
When you talk about eliminating poverty it is a big responsibility, there are places where they do not even get proper water let alone electricity and the gadgets necessary to change their lives. There are people in Africa who would be happy if they get proper water to drink and when we talk about bitcoin eliminating poverty you need to built the infrastructure so that they can use them. People having these resources can make money but there are people who are really poor.
February 01, 2021, 08:04:43 AM
I agree, it's a great way for people to find job opportunities outside of their own country. There is no language barrier once you learned English and also geographical borders are not going to be an issue as everything is done online. Maybe some special crypto courses for people in Africa could help them to take advantage of the new opportunities.
Who is going to sponsor these crypto courses? If someone wants to learn a new skill, then all the material is readily available online in YouTube and other sources. The only thing to remember here is that most of the material is in English and therefore they need to have a good command of that language in order to learn the skill. Gone are the days when you had to spend a fortune to get yourself educated. Nowadays a lot of educational material is available for free and all that you need is a 3G connection and a smartphone.
February 01, 2021, 06:53:24 AM
Bitcoin could really change the lives of people in a certain country because of the opportunities that it offers. Africa is one of the neediest countries and it's a good thing that they could consider Bitcoin to eliminate poverty. Despite all the risks, if they will be able to adopt the importance of trading and investing, it will help decrease the number of poor people in their country.
I agree, it's a great way for people to find job opportunities outside of their own country. There is no language barrier once you learned English and also geographical borders are not going to be an issue as everything is done online. Maybe some special crypto courses for people in Africa could help them to take advantage of the new opportunities.
February 01, 2021, 06:28:31 AM
freelance job that's available in crypto space usually have something to do with technology like programming and there's almost no jobs for doing some tasks offline. I doubt everyone in africa is programmer, it could help the programmers there in africa indeed but that's like only small population of the africa continent overall, honestly I think cryptocurrency there is less impactful that people here seem to pictures.
Well, we are talking about freelance jobs here, that means you can't really have every single job handy and paid in crypto, obviously it has to be something about online world. However it doesn't always have to be programmer, even though that is the most common one, if you go to crypto.jobs and check what people need, you will see there are things like "crypto analyst" , "product manager", "community manager", "social media manager" and many other things, including design as we all know most common freelance trade.So, basically there are 50+ other jobs you can do online, it all depends on the name of course sometimes it is close to each other, but at the end it is not limited to just coding, it can be anything you want. It still needs to be online, but it could be a lot easier to handle if you do not know how to code and want to learn something else, there are easier to get into jobs as well.
February 01, 2021, 04:31:20 AM
For Africa, Bitcoin is not just a speculative asset. Africans choose Bitcoin because they want to bypass traditional systems that are only open to a few people. For example, remittance is one of the areas where Bitcoin is most commonly used in Africa, because remittance fees in this region are the highest in the world. Africans who send money back home from abroad are charged an average of 10% of the total remittance as a handling fee, which is twice the charge in South Asia.
Bitcoin could really change the lives of people in a certain country because of the opportunities that it offers. Africa is one of the neediest countries and it's a good thing that they could consider Bitcoin to eliminate poverty. Despite all the risks, if they will be able to adopt the importance of trading and investing, it will help decrease the number of poor people in their country.
There is a reason why Africa remains as the poorest continent. If the governments want to alleviate poverty, then they need to look in to these factors and do the required. I am talking about overpopulation, ethnic violence, lack of education.etc. Bitcoin may help to some extent. But it will be of little use unless the basic factors are taken care of. What is the point in promoting the use of Bitcoin, if the population doesn't know how to use them?
Bitcoin having humanitarian qualities and helping the poor, is one of its most neglected and underappreciated aspects.
no this is not neglected but this is infact the highlight of bitcoin . i saw many users creating threads on how bitcoin helped them and on how btc help the poor . it was cool that even if bitcoin isnt a human , it is sometimes better that most of the humans because most humans now have issues on helping the poorICOS were not perfect by any means. But they did allow the poor access to accredited investor level opportunities.
Part of the crypto worlds success is due to it opening doors and giving opportunities to the poor, they might otherwise never have.
ico isnt perfect but who are perfect ? no one but even if theres no ico 's theres already btc and other cryptos that are created earlier than ico's and ico dont only provide help for the poor but it also destroy the lives of both poor and rich individuals that invested on scam ico's Part of the crypto worlds success is due to it opening doors and giving opportunities to the poor, they might otherwise never have.
Bitcoin could really change the lives of people in a certain country because of the opportunities that it offers. Africa is one of the neediest countries and it's a good thing that they could consider Bitcoin to eliminate poverty. Despite all the risks, if they will be able to adopt the importance of trading and investing, it will help decrease the number of poor people in their country.
I agree trading Bitcoin can get people out of poverty, especially in Africa, which has low incomes. Supposed trading Bitcoin can help improve finances.
And this applies to all countries, by trading Bitcoin can be a source of income. But in this long-term Bitcoin trading, because for short-term bitcoin
trading that person must have good analytical skills to be able to get profit from Bitcoin trading. If trading Bitcoin long-term we only need to buy
Bitcoin regularly every month, according to their respective abilities. Do this consistently for 3-5 years. I believe that person can become a rich
person, I say this because of the math I did.
And this applies to all countries, by trading Bitcoin can be a source of income. But in this long-term Bitcoin trading, because for short-term bitcoin
trading that person must have good analytical skills to be able to get profit from Bitcoin trading. If trading Bitcoin long-term we only need to buy
Bitcoin regularly every month, according to their respective abilities. Do this consistently for 3-5 years. I believe that person can become a rich
person, I say this because of the math I did.
That is just one of the use cases of BTC, be responsible for your financial needs without any centralized control. Trading and holding BTC and other reliable altcoins will surely brings financial fortune to many in Africa and other parts of the world.
Bitcoin can help you to at least leave at the poverty line and gives you an opportunity of a lifetime, only if you are willing to take the risk. Africa is compose of many countries, if they started to adopt Bitcoin then it can become a big help but it will not make you rich easily, so don’t depend everything to Bitcoin.
Yes, I really agree with that, bitcoin is a good way for poor people to avoid inflation and to protect their wealth. If people still have questions, please think about Venezuela.
That’s a warning for every countries not to be complacent about growing rate of inflation, or else we will ended up like this with indefinite, market crash. 
And what's the purpose of this? That bitcoin is a way of escape in Africa? I am amazed that I see success stories. What if you have bitcoins right now, for example, 1 BTC, equal of 32,800 and tomorrow you see a 15% decline in price, just somehow. You lose 15% in one day and don't tell me that it's impossible. 15% profit in a single day is possible too, yeah, I agree and even more but it's very risky, for me it looks like going on deal or no deal.
It's good if anyone is earning money via day trading or just trades through the year that profit from it is good enough to bring them a comfortable life. Still, I don't suggest anyone to move on bitcoin trading, it's their opinion and personally, I wouldn't promote me, not because I have a different opinion in it but I have seen people who bought bitcoins in 2017 when the price was 20K and one man on reddit even lost the house.
Also, I knew a person who was living years (more than 10) by filling/writing sports tickets but he sometimes had bad moments.
It's good if anyone is earning money via day trading or just trades through the year that profit from it is good enough to bring them a comfortable life. Still, I don't suggest anyone to move on bitcoin trading, it's their opinion and personally, I wouldn't promote me, not because I have a different opinion in it but I have seen people who bought bitcoins in 2017 when the price was 20K and one man on reddit even lost the house.
Also, I knew a person who was living years (more than 10) by filling/writing sports tickets but he sometimes had bad moments.
I think you miss the point here... he trade with bitcoins (or alts) and he is making some profit! Maybe he had bad days when the price is declining but he still has something to sell... he has something that is valuable!
The thing with us people who live in Third World countries, even $500 means a difference, and some people had a chance to learn how to earn and how to trade and earn more, that save us from surrounding circumstances... we earn more with crypto, even when price is dropping we have more than we have with our normal jobs!
So yes, I understand why crypto (it's not Bitcoin only anymore, look at the Doge at 5 cents!!!!) is escape from poverty for many people across the world! And I bet we will see many more similar stories, even greater ones... mark my words!
And what's the purpose of this? That bitcoin is a way of escape in Africa? I am amazed that I see success stories. What if you have bitcoins right now, for example, 1 BTC, equal of 32,800 and tomorrow you see a 15% decline in price, just somehow. You lose 15% in one day and don't tell me that it's impossible. 15% profit in a single day is possible too, yeah, I agree and even more but it's very risky, for me it looks like going on deal or no deal.
It's good if anyone is earning money via day trading or just trades through the year that profit from it is good enough to bring them a comfortable life. Still, I don't suggest anyone to move on bitcoin trading, it's their opinion and personally, I wouldn't promote me, not because I have a different opinion in it but I have seen people who bought bitcoins in 2017 when the price was 20K and one man on reddit even lost the house.
Also, I knew a person who was living years (more than 10) by filling/writing sports tickets but he sometimes had bad moments.
It's good if anyone is earning money via day trading or just trades through the year that profit from it is good enough to bring them a comfortable life. Still, I don't suggest anyone to move on bitcoin trading, it's their opinion and personally, I wouldn't promote me, not because I have a different opinion in it but I have seen people who bought bitcoins in 2017 when the price was 20K and one man on reddit even lost the house.
Also, I knew a person who was living years (more than 10) by filling/writing sports tickets but he sometimes had bad moments.
Bitcoin having humanitarian qualities and helping the poor, is one of its most neglected and underappreciated aspects.
ICOS were not perfect by any means. But they did allow the poor access to accredited investor level opportunities.
Part of the crypto worlds success is due to it opening doors and giving opportunities to the poor, they might otherwise never have.
Personally, I believe that the ability to make money using cryptocurrencies has helped many both in African countries and other more developed ones. Why am I sure of this? Because he himself, not having a normal income, was forced to study cryptocurrencies and start trading them. On the other hand, cryptocurrencies help many countries to make transactions bypassing sanctions, which also has a positive effect on the lives of people in these regions. I am glad that there is such an opportunity and it is very good that many who use cryptocurrencies can make a profit and start living better. This trend is likely to continue and we will see even more people from different countries join the crypto industry.
I somehow disagree with this post as it is relatively misleading.
According to an article published, trading cryptocurrencies somehow amounts to a loss since 97% people who traded experience little-to-nothing profit in a short-amount of time. In addition, the remaining 3% of the people who profited amounted to an earning which is equal to the wage of a bank-teller.
If you truly want to eradicate poverty, there are several factors that you MUST consider (i.e. job opportunities, education, infrastructure, etc.) Trading bitcoin alone cannot eradicate poverty in a given country especially if you can consider that bitcoin runs within a technological environment, which some third-world countries lack.
Somehow I think they do not survive because of trading, but their bitcoin knowledge leads them to earn free money in this crypto universe.
Airdrop, bounty, and more. The serious one will do a freelance job for crypto. And they used some of the money for trading to gain more.
so IMO, they escape poverty because they know crypto things.
however, the title is already clear. Trading Bitcoin in Africa is a way for SOME to escape poverty.
Airdrop, bounty, and more. The serious one will do a freelance job for crypto. And they used some of the money for trading to gain more.
so IMO, they escape poverty because they know crypto things.
however, the title is already clear. Trading Bitcoin in Africa is a way for SOME to escape poverty.
You have got the idea and knowledge about this, because bitcoin and cryptocurrency are a little different as you mentioned the free methods to gain some coins like airdrops too which can be sold to build capital for other investment. Otherwise, there are other ways but you can't get freebies on it except you invest by yourself like forex trading .
Nigeria and some of the countries in Africa become the target for Ponzi schemed business. They can spend a lot of money on uncertain things like that. It's good that those Bitcoin things can reduce that Ponzi business activity.
For ponzi it may be because the Africans or Nigeria are looking for opportunity for survival on the internet which is why they try out different means to survive and fall for scam.
Somehow I think they do not survive because of trading, but their bitcoin knowledge leads them to earn free money in this crypto universe.
Airdrop, bounty, and more. The serious one will do a freelance job for crypto. And they used some of the money for trading to gain more.
so IMO, they escape poverty because they know crypto things.
however, the title is already clear. Trading Bitcoin in Africa is a way for SOME to escape poverty.
Nigeria and some of the countries in Africa become the target for Ponzi schemed business. They can spend a lot of money on uncertain things like that. It's good that those Bitcoin things can reduce that Ponzi business activity.
Airdrop, bounty, and more. The serious one will do a freelance job for crypto. And they used some of the money for trading to gain more.
so IMO, they escape poverty because they know crypto things.
however, the title is already clear. Trading Bitcoin in Africa is a way for SOME to escape poverty.
Nigeria and some of the countries in Africa become the target for Ponzi schemed business. They can spend a lot of money on uncertain things like that. It's good that those Bitcoin things can reduce that Ponzi business activity.
Cryptocurrency provided a lot of opportunities not just for those who are rich but also for others who are classified as low-income earners. Even with the associated risk, Bitcoin can provide opportunities to earn by investing, trading, and not to mention opportunities for those who are knowledgeable of blockchain technology. But we must remember that crypto is not created to aid poverty.
The main purpose when Bitcoin was created by Satoshi Nakamoto in 2008 was to end the exploitation by the bankers. Now we all know that it is the poor who suffer the most from this exploitation. So we can say that Bitcoin is one of the tools which can make life better for poor people. And in the end, cryptocurrency may prove to be a powerful tool to alleviate poverty. And apart from cryptocurrency, the Blockchain can also play a big role in eradicating the intermediaries and keeping the wealth in the hands of those who deserve it. Blockchain is the future of technology, and within the next 1-2 decades, most of the applications in almost all the sectors will be Blockchain-based.
Yeah actually it is. There is a good chance to get employed by freelancing for them. Bitcoin is one of them. They have a big chance to be self employed. If they take it seriously they can succeed.
It will be good for both of them the people and the goverment.
But they have to gain some knowledge first. So that they can get the proper return of their hardwork.
freelance job that's available in crypto space usually have something to do with technology like programming and there's almost no jobs for doing some tasks offline. I doubt everyone in africa is programmer, it could help the programmers there in africa indeed but that's like only small population of the africa continent overall, honestly I think cryptocurrency there is less impactful that people here seem to pictures. It will be good for both of them the people and the goverment.
But they have to gain some knowledge first. So that they can get the proper return of their hardwork.
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