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Bitcoin => Bitcoin Discussion => Topic started by: Pablo-wood on December 08, 2022, 10:00:03 AM



Title: Create wealth first before the use of bitcoin
Post by: Pablo-wood on December 08, 2022, 10:00:03 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: mk4 on December 08, 2022, 10:08:22 AM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: batang_bitcoin on December 08, 2022, 10:29:17 AM
It is a very nice job to tell people about bitcoin because it is the major currency in the world. 
Major cryptocurrency.

In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
There's no requirement for being an investor to bitcoin and I think people from rural areas are more eager to own bitcoin because after they understand the concept of bitcoin, that might push them to start investing and accumulating it.
Although, it's a valid point that most rural areas have slack in internet connection and not everyone there understands the new technologies that are emerging, there's just a need to spread awareness and have some education and awareness drive about bitcoin and it'll be a good progress to the citizens out there.


Title: Re: Create wealth first before the use of bitcoin
Post by: Antonas1 on December 08, 2022, 10:30:24 AM
A lot of people buy bitcoin because of this word: "investment". It's like a tradition and that's also what they tell others that "bitcoin is an investment". In a rude way, I have to say those are people who want to get rich quick by buying Bitcoins. If you do it in rural communities, or people with minimal knowledge, believe me, one day you will feel very guilty. Don't continue that tradition.


Title: Re: Create wealth first before the use of bitcoin
Post by: Zaguru12 on December 08, 2022, 11:02:46 AM
Personally I look at the people I take bitcoin awareness to. People in rural area or aged people without Internet knowledge are often out of reach for bitcoin Investments, maybe In the future the use of USSD code for bitcoin transaction will help spread it information to these people. But right now we can say that its out of there reach.

Another thing is what level of wealth do one needs to have to invest in bitcoin. At this point I think If one could spare at least $1 a day then the person will be able invest in bitcoin you don't really need to amase excess wealth to invest in it. The other thing is bitcoin isn't a daily profit thing to actually call an investment. The investment part is for long time holders. So when creating awareness for bitcoin potential investors should be thought that extra wealth is needed to be able to invest for long term


Title: Re: Create wealth first before the use of bitcoin
Post by: Baofeng on December 08, 2022, 11:10:25 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Not sure where you are, but if you will have to check Africa, I think crypto is thriving there because of the things that you have told.

There are no bank access, so what they do, invest on bitcoin, no cell phone? I doubt it, if the continent with poor infrastructure would have mobile phones so what stopping others in other part of the continent.

I think this is just a classic example on how poor people behave though, just saying. You really have to make the best of what you have instead of complaining.


Title: Re: Create wealth first before the use of bitcoin
Post by: Beparanf on December 08, 2022, 11:16:45 AM
I think people in rural area needs to be financially stable first before knowing bitcoin.

You have wrong perception on Bitcoin investment. You don’t need to hold huge amount Bitcoin if you are not financially stable. Even a small piece of Bitcoin will be valuable in the future that will be helpful for people living on rural place to get out of poverty. Bitcoin in general doesn’t promise profit but it’s value is destined to grow in the future due to its cutting edge technology and supply scarcity.

Poverty is already existing since the world begun and until it’s not yet solved since it’s part of the system. You can’t get out of it without doing out the norm such as find a job that gives huge salary, business or investment such as Bitcoin. You don’t need to become financially stable to invest in Bitcoin because you can always start with small amount and just increase base on your financial capabilities.


Title: Re: Create wealth first before the use of bitcoin
Post by: rat03gopoh on December 08, 2022, 11:18:40 AM
I think people in rural area needs to be financially stable first before knowing bitcoin.
Just to get to know bitcoin certainly doesn't need financial criteria. If anyone is able to think logically and critically, they'll be able to decide whether to invest or not when compared to their respective economic conditions.

In addition, investing and using have different goals and practices.


Title: Re: Create wealth first before the use of bitcoin
Post by: Rikafip on December 08, 2022, 11:34:35 AM
Good example of what you are talking about is Central African Republic and its introduction of Bitcoin as a legal tender. This is one of the poorest countries in the world, where vast majority of people don't even have electricity. let alone Internet so what can Bitcoin really do for them? Very little, or nothing.  So instead focusing on getting their country in order first, they rather declared Bitcoin as legal tender, expecting it to help them rise from poverty or whatnot.


You don’t need to become financially stable to invest in Bitcoin because you can always start with small amount and just increase base on your financial capabilities.
You don't have to be rich, but you still have to have some financial stability as you are supposed to buy bitcoin (if you gonna use it as an investment) with money that you can afford to lose. If you are having barely enough money to get by and no saving, I don't think that it is a smart thing to invest in bitcoin. Rather sort our your finance first and then start investing.


Title: Re: Create wealth first before the use of bitcoin
Post by: Anguwa on December 08, 2022, 11:39:36 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
The awareness in rural areas is actually very good, there is no limit to learning, and you must not be in urban or developed place before investing in bitcoin. Investing in bitcoin is a choice, everyone can do that regardless of your location if you actually knows everything about it, and you have basic knowledge about how the blockchain works then you are good to go. I can be in a rural are and have interest in Bitcoin then, I will just go out and look for network then place my investment.


Title: Re: Create wealth first before the use of bitcoin
Post by: Doan9269 on December 08, 2022, 11:45:41 AM
In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, 

Reach out to them in the rural places and teach them about bitcoin, how they can invest on profitable asset like bitcoin, they are believed to be most farmers, if they sell thier farm produce and realize the money or interest made from it, they can use it to invest and buy the dip and hodl, when the bullrun ofcourse, they can make a food realization of interest with thier investment.

and how can bitcoin be used when majority don't have access to Internet.

The rural areas may not have a good or stable internet but there's certainty that most of them do have the provisioned for it, there's bitcoin no internet transaction that is ongoing where by you can make transactions without the internet connectivity using a mobile phone device.

I think people in rural area needs to be financially stable first before knowing bitcoin.

One of the best way to this financial stability is through the introduction of bitcoin, since it's something that can help improve their livelihood by increasing thier income source and provide a secured means to having their assets stored on the blockchain.


Title: Re: Create wealth first before the use of bitcoin
Post by: jrrsparkles on December 08, 2022, 11:53:50 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Creating awareness is good but instead of promoting the bitcoin usage first thing to tell them about the centralized monetary system and why we are stuck in the poverty or middle class even though we earn more than previous years, no matter how hard we work we can't able to reach financial stability.

Bitcoin is a tool to overcome this centralized monetary system however it doesn't provide income unless you're earning bitcoin and able to hold it so creating awareness about saving and investing should be the priority than promoting bitcoin for such people.


Title: Re: Create wealth first before the use of bitcoin
Post by: LittleBitFunny on December 08, 2022, 12:05:33 PM
Why is it necessary to stabilize the economy before investing in bitcoin? Are you talking about the risks that bitcoin can bring to them? Bitcoin is like gold or other investments, it is just a profitable investment channel and, of course, comes with risks. Anyone can invest in bitcoin as long as they have the will to get better in the future then they can invest in it, do not wait until there is a stable economy to invest in bitcoin because then you will miss many opportunities. You can also become economically stable if you invest in bitcoin properly.


Title: Re: Create wealth first before the use of bitcoin
Post by: CryptoHeadlineNews on December 08, 2022, 12:35:40 PM
In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Yes.. I agree with what you just said above, because to own Bitcoin one needs finance, and to be financially free, one needs a job or an on demanding skill, which Bitcoin doesn't offer any of such. But however, that's not enough reason not to speak about what you strongly believe in i.e "Bitcoin" in our various locality, because you don't know who may have heard of such and never knew the right mentor to meet, and you speaking out openly may be an opportunity they may have been waiting for.

But in a community of poor people where there is no internet connection is indeed a wrong place to preach about Bitcoin, because of what use will it be since to practicalized Bitcoin learning, one needs an internet connection


Title: Re: Create wealth first before the use of bitcoin
Post by: inthelongrun on December 08, 2022, 01:22:44 PM
I know many will think it is useless. Maybe it is not worth it knowing the people they were preaching to are living in poverty with no internet. But there is something positive I found, some of these people will realize that there is still hope. Some of the listeners will be empowered. Maybe they should be looking for jobs in the city in order to feed their family and somehow start their own savings little by little and then invest in something that can change their future.


Title: Re: Create wealth first before the use of bitcoin
Post by: m2017 on December 08, 2022, 01:34:44 PM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
I would call it not "it just somewhat gives your savings a boost", but it allows you to save the value of your savings, to compensate for rising inflation at the expense of your own growth.

You can invest in bitcoin even from one source of income, even if this source is small. Some part, big or small. Depending on how much you are willing to risk. Each individual case should be considered individually.


Title: Re: Create wealth first before the use of bitcoin
Post by: lovesmayfamilis on December 08, 2022, 01:45:47 PM
If there is no internet in your area, there is certainly no question of any investment. Just don't think about it. Rural people in my country are far from being fully educated. The only thing they have is television, on which they spend time in the evenings, taking a break from work. The Internet, if it exists in the villages, is not of interest to the villagers.
But sometimes we see people who do not agree with their life in the countryside move to areas where there is advanced technology. What prevents them in this case from gaining knowledge about bitcoin? I think nothing. All you need is a desire and a job that pays enough to be able to set aside some funds for investments. Therefore, everything depends on the person who decides how and where to build his life.


Title: Re: Create wealth first before the use of bitcoin
Post by: Apocollapse on December 08, 2022, 01:59:13 PM
Bitcoin is mostly used for investment except you're live in El Salvador or Central African Republic where you can use Bitcoin as legal tender to buy groceries, pay bills, buy foods etc. This mean even though you're not a rich person, you can use Bitcoin as a currency and don't need to think about the volatility. If you're want to use Bitcoin as investment, of course you must have enough wealth first. It's similar like you want to invest in the other assets.


Title: Re: Create wealth first before the use of bitcoin
Post by: Frankolala on December 08, 2022, 02:01:20 PM
Everybody needs bitcoin awareness irrespective of your area or location to help the adoption of bitcoin widely. The people in the rural area are the ones that needs this awareness mostly because they can decide to save the money they gets from the small scale business, and moreover there is always a rich man and business people in rural areas,there are also markets and they sell or lease their lands to strangers or to agricultural investors.

As for their poverty stage,I agree with that but nobody knows tomorrow, a man in the rural area can be rich tomorrow and decide to move to the city,if he is aware on bitcoin he can choose to invest. Just the way we need fiat currency is also the same way we need bitcion because it is a digital currency with a greater benefits when you hodl. People in this rural areas do have savings,as for internet service, it is in the rural area,since every network provider in a country covers both the rural and urban areas,it will only take the network provider s to provide their services there because it will be a competition,the larger their coverage the more money they make.


Title: Re: Create wealth first before the use of bitcoin
Post by: spectre71 on December 08, 2022, 02:09:03 PM
Many don't have access to a banking system or it's cost prohibitive to do so or don't meet the criteria.

Bitcoin can provide that service very cheaply. Additionally able to receive monies from relatives abroad.

The minimum entry point is a smart phone.


Title: Re: Create wealth first before the use of bitcoin
Post by: Obari on December 08, 2022, 02:12:02 PM
I really can't agree less with you on this very issue because most times we all want to buy the deep but we're tired down and not buying the deep because of finance and this alone seems very discouraging.
I also thought of going for a rural enlightenment but I was so discouraged because I realized that people in my rural environment believe more in tye physical things they see rather than just theoretical teachings on a board or on a laptop.
I also understand that the primary knowledge should be first impacted in them before talking about the monetary aspect but I saw the topic and I couldn't agree less.


Title: Re: Create wealth first before the use of bitcoin
Post by: TheUltraElite on December 08, 2022, 02:12:28 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. 
You are hitting the right place. You have to realize that the people who do such promotions are usually paid by some crypto based companies to promote their product in the middle of the entire speech. Like a wallet or an exchange or a casino which are the most common ones.

Quote
In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Definitely, bitcoin is a currency after all. It has to be earned or collected in the same manner someone is earning fiat. It cannot be created just from thin air. At one point people were so euphoric about bitcoin that they thought it will end poverty, but this is truly not the case. Rather better living conditions, electricity and internet are first before people start saving their local currency and then once they are stable they can think of risky investments like bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: Maidak on December 08, 2022, 02:21:30 PM
I am also a non-rich person and my purpose when investing in bitcoin is to find financial stability as well as increase my wealth in the future, so I think anyone can invest without having a stable financial situation. But we need to understand investing in bitcoin is not to get rich quickly and it still carries some risks. So make sure you only invest what you can lose, don't borrow or use the money you can't lose to invest in bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: Rockstarguy on December 08, 2022, 02:21:44 PM
If people in your area are not financially stable that's does not stop them from still having knowledge about bitcoin.  People can still know about bitcoin it doesn't mean they must invest, but it is necessary from them to still know about it for preparation for the future. If one is poor today it doesn't mean one will remain poor forever,  we are all growing and after learning bitcoin now it can still be used to invest in the future. No knowledge is a waste, knowledge about bitcoin is not for the rich people but everybody.


Title: Re: Create wealth first before the use of bitcoin
Post by: DooMAD on December 08, 2022, 02:28:04 PM
Whether someone has wealth or not, or is based in rural or urban areas shouldn't matter too much.  The main factor (in my view) is how Bitcoin is presented to them and what their reasons are for getting involved.  I'd rather see people getting on board with healthy motivations.  Not just blind greed, like many seem to.  Anyone treating it like a get-rich-quick scheme is missing the point.  Yet some people market Bitcoin to others as though it were purely speculative.  I would have hoped we could move beyond that stage by this point in time.

If people are being alerted to genuine features that would be of use to those in rural settings, then yes, go right ahead and spread the word.  Just be sure to do it responsibly.  We're not trying to convert rural folks into gambling addicts.


Title: Re: Create wealth first before the use of bitcoin
Post by: Yatsan on December 08, 2022, 02:56:50 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
First of all it is not a major coin around the globe; it is not even accepted or recognized as a mode of payment on most of the countries although there are some. Another thing is initiative with investing into this technology. The market price is volatile which gives risk to people's asset in this industry but that's just a part of this industry given that market value is determined solely by demand. With this, ofcourse everyone is encouraged to also invest BUT only if they are aware of the risk and if they can endure changes from the market price from time to time. There's no need to be financially stable, you just need to have an amount you can 'rest' to this industry either for a long peiod of time or not. Or simply an amount you can afford losing to lessen the weight of assuming big profit.


Title: Re: Create wealth first before the use of bitcoin
Post by: Ryker1 on December 08, 2022, 03:12:25 PM
[snip]
 It is a very nice job to tell people about bitcoin because it is the major currency in the world. 
You are misleading people in that way --bitcoin is not a major currency and we all know that even the creator of bitcoin did not has this goal on bitcoin. It is an alternative to fiat currency that can be used for online transactions.
Rural areas now have many internet providers, unlike remote areas. Just continue spreading bitcoin and also the good news, because as of now the image of this bitcoin has been ruined because of the new scam projects that when people talked about in general because that is cryptocurrency when we talk cryptocurrency --bitcoin is the main center of attraction.


Title: Re: Create wealth first before the use of bitcoin
Post by: Crypto Library on December 08, 2022, 03:13:40 PM
~snip~
You have actually told the reality, there are many areas in the world, especially in the third world poor countries where you won't be able to find the equipment for using Bitcoin ie the internet or mobile phone, or computer. But I think that just like the current fiat currency was not accessible or useable to everyone in the beginning, as well as Bitcoin or cryptocurrency will gradually reach everyone I think  Bitcoin or cryptocurrency journey still has a long way to go.


Title: Re: Create wealth first before the use of bitcoin
Post by: so98nn on December 08, 2022, 03:46:51 PM
I think I have reverse psychology while using the bitcoin. You can actually create wealth by saving little chunks now and then in the form of bitcoin. If we are going to enter into the market with the attitude that bitcoin is going to make me wealthy and thus I need to buy half million worth btc right from start then definitely it’s gonna put wrong impression.

On the other hand if you start saving now and then every month then you can see how bitcoin is going to make you millionaire after few years.

That Time Wait wager is something magical.

It’s been 13+ yrs now, more 13+ will go just like that. We will still have life to live, better start saving in bitcoin and let it grow.


Title: Re: Create wealth first before the use of bitcoin
Post by: michellee on December 08, 2022, 04:09:02 PM
That shouldn't be the case because as long as they have a connection to the internet in rural areas, they can start learning about bitcoin. The more they can learn about bitcoin, the more they understand that bitcoin can be a great way to get rich. The key to how they can use bitcoin is an internet connection; in this era, many rural areas already have access to the internet. As long as you can put aside a certain amount of money to buy bitcoins, you already have a chance to profit.


Title: Re: Create wealth first before the use of bitcoin
Post by: rby on December 08, 2022, 04:20:32 PM
Everybody needs bitcoin awareness irrespective of your area or location to help the adoption of bitcoin widely. The people in the rural area are the ones that needs this awareness mostly because they can decide to save the money they gets from the small scale business, and moreover there is always a rich man and business people in rural areas,there are also markets and they sell or lease their lands to strangers or to agricultural investors.


If you are hungry and not hopeful of launch and you don't have money to buy data. It could be that you don't have internet enabled phone and I am talking to you about bitcoin investment, how will you feel?
Let us assume that you will feel good and motivated and then you will go borrowing to invest. You were able to borrow $100 and invest in Bitcoin, within the next 7days your borrowed $100 becomes $75. How will you feel at this time? Still happy and confident?
If you will feel different, that is what OP is talking about.


Title: Re: Create wealth first before the use of bitcoin
Post by: kryptqnick on December 08, 2022, 06:43:05 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
There are some conditions that must be met before people can properly use Bitcoin, before using it starts making sense. One such condition is stable electricity and access to Internet, which includes having a device (laptop or smartphone) where one can access coins and perform transactions. Another condition is, I'd agree with you, not being in severe poverty. If you live on a very small sum per day, volatility of Bitcoin and its transaction fees can be very significant to you. So you need to already be at the point of some sustainability before you can risk with BTC volatility. Moreover, the more wealth you have and can afford to direct into Bitcoin, the more you'll profit from it, but if you already have tons of wealth, the marginal value of having much more of it is quite low. So the conditions have to be just right for it to make sense to have and use Bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: Japinat on December 08, 2022, 07:01:08 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

To begin with, poverty is not really only focused in rural areas because even in urban areas, we can still see and tell that there's a lot of people who are also battling to survive poverty every single day, people who can't really afford to feed their families 3x a day because their budget are not that big as they have a lot of things too that they should be allocating budget apart from their daily needs.

Bitcoin is a great tool to help people to be more comfortable on their lives and it gives the people an additional option to avoid inflation, but that line is limited and only served to the people who can afford to invest because just like what I stated above, not all people have the means to at least feed themselves.


Title: Re: Create wealth first before the use of bitcoin
Post by: South Park on December 08, 2022, 07:04:58 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Some people try to promote bitcoin as a form of generating income and this is misleading, bitcoin itself does not generate income but some associated activities with it can, like trading or investing, this means that in order to invest in bitcoin then you need to have some money in hand already, and if you do not then you cannot do it, also if we consider that in order to get access bitcoin you need a computer, electricity and Internet then it can be quite hard for the poor to get access to it and it is better for them to just use cash.


Title: Re: Create wealth first before the use of bitcoin
Post by: The Cryptovator on December 08, 2022, 08:12:34 PM
If you choose Bitcoin solely to make money quickly, it will most likely be difficult. To invest in Bitcoin, you must be financially stable and understand how it works. The rural area is most likely a village without a wide range of facilities. One of the most important facility that they lack is access to the internet. Which is required in order to use Bitcoin. However, teaching them Bitcoin is extremely beneficial. They could use it later when they are capable and financially established.


Title: Re: Create wealth first before the use of bitcoin
Post by: uneng on December 08, 2022, 08:29:20 PM
Where I live rural areas already have access to internet, so it's not impossible for them to adopt and deal with bitcoin daily.

The other point is a minor issue yet. To live in rural areas isn't a synonym of poverty and misery. The life at countryside can be very confortable and more economical than living at big centers.

Rural population also likes investments and economies. They just have to be presented to bitcoin. I'm sure some farmers would enjoy investing part of the profit made through the sales of their crops, pigs and cattle in bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: lionheart78 on December 08, 2022, 09:27:46 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I disagree with what you said that people need to be financially stable before knowing Bitcoin.  There is no written rule that people are barred from learning Bitcoin unless they are financially stable.  Bitcoin is a currency, now tell me do people need to be financially stable in order to learn fiat currency?  I said, no.  I think it is best for people to learn about Bitcoin and the finance system as early as possible and it is much needed when people are unstable in their financial status.

Knowing about Bitcoin and the financial system can help them realize why they are still financially unstable.  The knowledge about Bitcoin and financial literacy will help them a lot and may change their way and apply right knowledge so that they can have financial stability.  Remember knowledge is power, if we acquire it, everything will follow.


Title: Re: Create wealth first before the use of bitcoin
Post by: blockman on December 08, 2022, 09:57:13 PM
I am also a non-rich person and my purpose when investing in bitcoin is to find financial stability as well as increase my wealth in the future, so I think anyone can invest without having a stable financial situation. But we need to understand investing in bitcoin is not to get rich quickly and it still carries some risks. So make sure you only invest what you can lose, don't borrow or use the money you can't lose to invest in bitcoin.
Many newbies think that investing in bitcoin will make them instantly rich. I've talked to a friend of mine who's a seafarer and thought that it's that easy to become rich by just buying bitcoin. I've told him that it's not like that, he's living in a rural area and that's why he's striving to work hard so that he'll be financially well and free when he gets older because he knows that he just can't work forever and everyone will grow older soon.
This is what's good with bitcoin, everyone is able to invest, and there's no qualification needed. As long as you know how to buy, you have the budget for buying and you'll just have to keep it in your wallet and you're good. But never forget a wallet where you should keep it is where you're holding the private keys.


Title: Re: Create wealth first before the use of bitcoin
Post by: S A KHAIR on December 08, 2022, 10:28:19 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

OP has the opposite view of bitcoin investors, people invest bitcoin to seek wealth so for rural people, they have to know bitcoin earlier and invest in it earlier. Otherwise, when the bitcoin price is high, they cannot invest, they will fall behind other rich people. Teach them how to invest now.


Title: Re: Create wealth first before the use of bitcoin
Post by: KennyR on December 08, 2022, 10:32:43 PM
During the early days more bitcoin giveaway conducted by different firms. Very few showed interest and believed something is there. This is not the reality with every user. People who believed and bought and received as rewards in the beginning days were able to make them rich. Now everyone is aware and the market user count increases rapidly.

The misunderstanding of this being a source of income needs to change and people should understand it is the fluctuation on the investment that brings income depending on the trend.


Title: Re: Create wealth first before the use of bitcoin
Post by: glendall on December 08, 2022, 10:50:04 PM
in because it is the major currency in the world. 


This word is very inconsistent with reality, it is too much in my opinion, because in reality bitcoin is not a world currency, from here you have given the wrong information to the wider community about what bitcoin is.
you should say bitcoin is the main cryptocurrency of all existing crypto.
because as we know bitcoin has not been officially accepted in all countries and governments


Title: Re: Create wealth first before the use of bitcoin
Post by: Rengga Jati on December 08, 2022, 10:56:31 PM
One of the obstacles to introducing Bitcoin has been very difficult so far because the conditions for each country are different. Even in the same country, the conditions of people in various regions are different. And unfortunately, there are still many who cannot and cannot focus on Bitcoin because of a lack or limited funds, facilities, especially the internet, and also knowledge. But if they really don't understand, it's best if they don't come. It's not getting rich first or anyhow, but getting ready first. In this case, we are ready in every way both financially, and emotionally, and also understanding. So that later it will not cause big problems over and over again.


Title: Re: Create wealth first before the use of bitcoin
Post by: coolcoinz on December 08, 2022, 11:08:43 PM
No Internet access can really be a problem, but nowadays most people have mobile phones. You can buy a smartphone for cheap and it's a built in feature. The coverage is also decent, so you really can get Internet in poor towns for just a few dollars a month.

If you're so poor you can't spare $50 for a used smartphone and don't have that $5 a month to pay your phone bill, you probably shouldn't think about bitcoin, but it's like offering an online account, or a credit card to someone in Africa who lives in a straw hut and digs a hole in the ground each time he wants to take a dump.

That said, even the poorest of the poor can benefit from using and holding bitcoin if they can get access to it. The problem is, those really poor are rarely given a chance to invest. If they knew how to do it, or had someone to guide them,  they wouldn't be poor in the first place


Title: Re: Create wealth first before the use of bitcoin
Post by: mendace on December 09, 2022, 12:15:50 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

The problem is that most of the people in the world are unbanked, while in the developed first world everyone has the ability to access their bank account and be able to deposit their savings, in the underdeveloped third world practically nobody has a bank account and rely on keeping their savings in liquidity.  So Bitcoin is used for this in rural areas as you say but also in the rest of the world, even if for the moment it cannot give stability so I would ensure another source for my savings.


Title: Re: Create wealth first before the use of bitcoin
Post by: pixie85 on December 09, 2022, 12:39:34 AM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.

Correct. You need some savings to be able to store it better and turn it into something with a potential.

Bitcoin isn't for everyone. You have to take it step by step like when a child first learns to read and then writes a simple story to finally get to essays and dissertations. You can't expect someone who looks for food in the dumpster to learn to use bitcoin.

On the other hand you don't have to be wealthy to do it. Both are extreme cases from ends of the spectrum.


Title: Re: Create wealth first before the use of bitcoin
Post by: lienfaye on December 09, 2022, 01:29:36 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Many people in rural areas are poor and not updated in the latest technology but I don't agree that one should be financially stable before knowing Bitcoin. Why is that? Anyone can engage themselves in Bitcoin regardless of your status. Knowing Bitcoin doesn't mean you'll put your entire savings or anything to it, but gaining knowledge about Bitcoin would be enough to understand what it is and how it works. Moreover it already depends on us how to take advantage it by using as currency or as an asset. Having a knowledge for people in rural areas can give them idea that there's a digital currency existing that can work as an alternative to fiat.


Title: Re: Create wealth first before the use of bitcoin
Post by: ethereumhunter on December 09, 2022, 02:01:11 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Everyone can use bitcoin, regardless of whether they live in urban or rural areas. And now they can access the internet pretty well compared to a few years ago so there won't be any problems spending bitcoins. There are still many of us who are not financially secure, and many of them live in urban areas. So they don't have to wait for their financial stability to invest in bitcoin because it can change their life financially. That is if they want to try to get to know bitcoin further.


Title: Re: Create wealth first before the use of bitcoin
Post by: landheer on December 09, 2022, 02:06:04 AM
to buy bitcoin you don't have to be rich first, because with small capital we can also invest in bitcoin. because if you wait to get rich first and then invest in bitcoin, in my opinion that is very wrong. but if in a village where there is no internet, of course we can do this. when our are going to buy bitcoin, try to visit the city first or while shopping for daily needs and so on. try to buy bitcoin in the city because usually in urban areas internet access is always good. but of course bitcoin investment if the situation is like that it must be a long term investment.


Title: Re: Create wealth first before the use of bitcoin
Post by: Davidvictorson on December 09, 2022, 02:21:37 AM
Bitcoin is too big to ignore. Bitcoin has generated a lot of curiosity that when I talk to people about bitcoin it is not with the mindset to have them invest but with the mindset to satisfy their curious minds. It is with the mindset to give them a new orientation about what bitcoin truly is. Because in my locality most of what people think about bitcoin as is a "Ponzi Scheme". Like a fraudulent investment that can increase your networth in short period of time. That is, a get rich quick scheme. Therefore, I see no harm in educating them first before anything else. Afterall, is not only those who have enough money and knowledge that can invest in bitcoin?


Title: Re: Create wealth first before the use of bitcoin
Post by: Maidak on December 09, 2022, 12:33:37 PM
I am also a non-rich person and my purpose when investing in bitcoin is to find financial stability as well as increase my wealth in the future, so I think anyone can invest without having a stable financial situation. But we need to understand investing in bitcoin is not to get rich quickly and it still carries some risks. So make sure you only invest what you can lose, don't borrow or use the money you can't lose to invest in bitcoin.
Many newbies think that investing in bitcoin will make them instantly rich. I've talked to a friend of mine who's a seafarer and thought that it's that easy to become rich by just buying bitcoin. I've told him that it's not like that, he's living in a rural area and that's why he's striving to work hard so that he'll be financially well and free when he gets older because he knows that he just can't work forever and everyone will grow older soon.
This is what's good with bitcoin, everyone is able to invest, and there's no qualification needed. As long as you know how to buy, you have the budget for buying and you'll just have to keep it in your wallet and you're good. But never forget a wallet where you should keep it is where you're holding the private keys.

Although bitcoin investing does not require a degree but also requires knowledge, you should teach your friend all the necessary things before he invests. Teach him everything, not just how to buy and sell and store private keys, what I also find important is to let him know the bitcoin fluctuations he may experience while investing and to follow him closely, so he doesn't have to panic and make bad decisions. Anyone can invest in bitcoin but not everyone can profit from it.


Title: Re: Create wealth first before the use of bitcoin
Post by: kamvreto on December 09, 2022, 02:02:08 PM
those who are financially stable in a rural area will usually be more interested in getting into bitcoin to make their initial investment. But some are also reluctant to do so because they don't understand what bitcoin is and not an original currency which they think will slowly disappear.
I also live in a rural area and maybe the majority don't know bitcoin let alone use it, they just think bitcoin is a useless coin and doesn't have high value when used as an investment.
The level of poverty may have decreased, but ordinary people are also reluctant to invest in bitcoin before seeing clear evidence that bitcoin can generate a lot of money.
Investing in bitcoin actually doesn't have to be a rich person, now anyone can invest easily with any amount.


Title: Re: Create wealth first before the use of bitcoin
Post by: famososMuertos on December 09, 2022, 03:00:06 PM
It's the point...! To what extent is it taking people by the hand, not only the lowest social stratum, which is extreme poverty, today there is no excuse if you want to have bitcoin you have it, there are no excuses, no and not.

I read that the people who use tic-tok the most are those from the middle class to extreme poverty.

In fact, it is incredible to see and without belittling the social precariousness of some people who upload videos to the network.

People prefer to put their head in, spend time on a social network... they invest in a cell phone, they look for free wi-fi... etc,

It is not a question of being poor or not having access to "x" thing, it is about attitude.



Title: Re: Create wealth first before the use of bitcoin
Post by: arwin100 on December 09, 2022, 03:18:29 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Maybe they cannot use bitcoin for p2p trades purposes in their locality but at least they can try out the jobs which cryptocurrency industry could offer. Anyone could start to seek for better opportunity since the payment here are much bigger than their traditional jobs and it just they need to work out their curiosity then enhance their skilss so that they can find good clients. We don't need to spend anything and the only thing required is our skill so still its good to introduce it to them so that they know that there are more other options for then to earn aside from their traditional jobs.


Title: Re: Create wealth first before the use of bitcoin
Post by: xSkylarx on December 09, 2022, 03:19:57 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I noticed this also but I think they are choosing their audience since it doesn't mean that you are in rural areas then you will have no internet and battling with poverty, yes some people but still, there are people that are just waiting for this knowledge for them to hear. I my self if I am planning to teach other people, i must ensure that they are capable, like have devices, internet and also can invest if they want to but let's just take note that this is not our main of the source of income, lets just treat it as a side job as it is very volatile and risky


Title: Re: Create wealth first before the use of bitcoin
Post by: pawanjain on December 09, 2022, 03:57:41 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

As per the current state of economy you are quite correct. Currently bitcoin holders requires knowledge and skills to hold their coins securely and make transactions on the blockchain.
One needs to be educated enough and requires a stable source of income to buy and hold bitcoins.
Although a person can buy as low as $10 worth of BTC since BTC can be bought in fractions but it requires an electronic device with internet to get hold of it.
I guess that is the bare minimum necessity if one wants to buy BTC and I guess it's right because one needs to know how to use it properly too.


Title: Re: Create wealth first before the use of bitcoin
Post by: teosanru on December 09, 2022, 04:58:37 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Why so? Why can't both things go side by side and hand in hand? I mean people are under poverty even when they are using fiat instead of Bitcoins. They can be the same and use bitcoin. I think a better preposition instead is to teach them ways on how to earn bitcoins or introduce them to other currencies as well. You also have to accept the fact that not everyone will become financially stable, there will always be a few people who will be unstable due to some or the other reasons.


Title: Re: Create wealth first before the use of bitcoin
Post by: sstephan on December 09, 2022, 05:55:25 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas.

its simple . pump , pump and dump scheme .how else can you effect the price?

you can call it currency as long as you want , its not .
real currency don't need promotions and fairy tales .
with real currency , there is no prize for early adopters , that's just stupid .



Title: Re: Create wealth first before the use of bitcoin
Post by: KingsDen on December 09, 2022, 08:02:46 PM
I have lived in a rural area and I know too well how the lifestyle of the people there are. There are many intelligent people in the rural areas but no matter how intelligent they are, there must surely be many shortcomings or deficiencies in their reasoning. This is caused by the environment they live in. They only discuss, trust and make decisions based on what they are aware of,  based on what they see and experience.
Many of them thinks the world ends in their environment, that is to say the riches person in their area could be the riches person in the world. It is only a few who has experienced urbanisation that will differ in their reason.

What I'm saying is discussing bitcoin to some rural dwellers as the type discussed in Op, majority of them will not welcome the teaching because of limiting factors but it's worth trying. If they don't embrace now, they can embrace by 2030.


Title: Re: Create wealth first before the use of bitcoin
Post by: serjent05 on December 09, 2022, 08:14:05 PM
in because it is the major currency in the world. 


This word is very inconsistent with reality, it is too much in my opinion, because in reality bitcoin is not a world currency, from here you have given the wrong information to the wider community about what bitcoin is.
you should say bitcoin is the main cryptocurrency of all existing crypto.
because as we know bitcoin has not been officially accepted in all countries and governments

It is a major cryptocurrency, but not a world currency, it is not yet acknowledged by many countries but it can be used by anyone in the world as an alternative currency.  I think it would fit better to say Bitcoin is the world's alternative currency.

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas.

its simple . pump , pump and dump scheme .how else can you effect the price?

you can call it currency as long as you want , its not .
real currency don't need promotions and fairy tales .
with real currency , there is no prize for early adopters , that's just stupid .

If it is not currency then why does people accept it as mode of payment?  Even countries like El Salvador, Brazil and many more accept it as a mode of payment.  You can deny it as long as you want but the proof of Bitcoin being a currency is evidently strong.


Title: Re: Create wealth first before the use of bitcoin
Post by: ShowOff on December 09, 2022, 08:29:50 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
You don't need to be rich to invest in bitcoin, you just need to have the desire and some money to invest. In fact, not all bitcoin investors are rich, but many of them are from the lower or middle economic class. Let's just say that investing in bitcoin is a savings account where you don't have to buy a lot when you don't have much money, meaning you can invest as much as you can afford regardless of your wealth status.


Title: Re: Create wealth first before the use of bitcoin
Post by: sstephan on December 09, 2022, 09:59:50 PM
If it is not currency then why does people accept it as mode of payment?  Even countries like El Salvador, Brazil and many more accept it as a mode of payment.  You can deny it as long as you want but the proof of Bitcoin being a currency is evidently strong.

almost any large business that accepts bitcoin immediately converts it to fiat .
el salvador is a country with failing economy , they embraced bitcoin as a hopeless way to get rich .same way they did with the us dollar more then 20 years ago .
so far it didn't help .




Title: Re: Create wealth first before the use of bitcoin
Post by: sulendra12 on December 09, 2022, 10:45:40 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
The thing is, those people sometimes are willing to take a loan just to be able to invest on Bitcoin because people told them to invest without actually telling them about more in-depth regarding Bitcoin. They also ended up into a debt and ruined their life because of that, should always get a stable income first before dealing with not just Bitcoin only but Investment in general.


Title: Re: Create wealth first before the use of bitcoin
Post by: pixie85 on December 09, 2022, 11:28:22 PM
I say don't be limited by social status or opinions of other people. Buy bitcoin when you feel like you need it. It's always a good time to start being independent.

You don't need to be rich to invest in bitcoin, you just need to have the desire and some money to invest.

Not even as much. There are ways to earn bitcoin without having any money.

Quote
In fact, not all bitcoin investors are rich, but many of them are from the lower or middle economic class.

How do you know that and how do you compare these classes worldwide? Someone who is from the middle class in Russia can be considered lower class in Switzerland and an upper class in Pakistan.




Title: Re: Create wealth first before the use of bitcoin
Post by: Mahanton on December 09, 2022, 11:38:37 PM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
People does have this kind of belief or mindset whenever they do really hear off about something new and since we know that it could make up that money earning opportunity, then this is where people do mold up that
kind of wrong belief that they do have in mind that it could really take them out of poverty or financial hardship which is really a very wrong kind of belief.Sooner or later they would be finding out
on whats the reality when it comes to this that its never been that simple and it is really just like on having a job which needs for you to spend up some time,money and effort
before you could really be able to utilize its money making or income opportunity.


Title: Re: Create wealth first before the use of bitcoin
Post by: Mauser on December 10, 2022, 08:30:30 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I agree with you, people who live in rural areas in poor conditions should try to improve their financial situation before investing in crypto currencies. Becoming rich through bitcoins sounds nice, but is not realistic in the current market situation. Before anybody buys risky assets, no matter if its cryptos, stocks, investment funds or commodities, they should determine how much money they have at hand and how much they can afford to lose. Nothing is worse to buy cryptos today and be forced to sell them again in 6 months because you need the money. Being forced into selling coins can result in a huge loss. Another issue you might face when living in rural areas is that there are not many options to use your bitcoins for actual purchases. In my opinion bitcoin and other crypto currencies should always be part of a broader investment portfolio. The times to get rich quickly with bitcoins is over.


Title: Re: Create wealth first before the use of bitcoin
Post by: SOKO-DEKE on December 10, 2022, 10:29:20 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. 

It is a good idea to spread knowledge about Bitcoin in rural areas because everyone needs it for future purposes. It is better to avoid any controversy when discussing this topic, whether in urban or rural areas. However, the only advice I will offer to those spreading awareness of Bitcoin to others is to educate them about blockchain technology, how Bitcoin functions, and the risks it entails rather than hype it. Never try to conceal anything from them regarding cryptocurrency.

I think people in rural area needs to be financially stable first before knowing bitcoin.

As you said that rural areas people need to be stable financially stable before the awareness of Bitcoin should be taking to them,I think it will not make too much senses in that way because you need knowledge first in anything you want to do in this life, when you have first things become so easy. When they have the knowledge of Bitcoin as alternative to fiat currency and money later come I think it will be easy than have money than waiting for knowledge


Title: Re: Create wealth first before the use of bitcoin
Post by: Rockstarguy on December 10, 2022, 11:35:20 AM


I agree with you, people who live in rural areas in poor conditions should try to improve their financial situation before investing in crypto currencies. Becoming rich through bitcoins sounds nice, but is not realistic in the current market situation. Before anybody buys risky assets, no matter if its cryptos, stocks, investment funds or commodities, they should determine how much money they have at hand and how much they can afford to lose. Nothing is worse to buy cryptos today and be forced to sell them again in 6 months because you need the money. Being forced into selling coins can result in a huge loss. Another issue you might face when living in rural areas is that there are not many options to use your bitcoins for actual purchases. In my opinion bitcoin and other crypto currencies should always be part of a broader investment portfolio. The times to get rich quickly with bitcoins is over.
If people who are poor understand bitcoin, that it is not an investment that makes one to be rich but an investment that doubles money at any giving time, then they can still invest the amount they can afford to lose.  Anybody can invest bitcoin but the problem is the mentality of how people understands bitcoin. As for those who don't have a better source of income,  it is important they build their financial status first to invest in bitcoin because it only takes one who has money to be able to invest.


Title: Re: Create wealth first before the use of bitcoin
Post by: Nrcewker on December 10, 2022, 11:59:54 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Educating them about Bitcoins doesn’t meant that they are bound to invest in that. Many people are just spreading awareness and telling people that, they can have a financial freedom in the way of Bitcoins and they can control their money independently. You need to see positivity in each and everything mate. And not all the people in the rural areas are poor, there are some who have tons of properties in the rural area, so they can use those to buy Bitcoins and use it as an other alternative investment.


Title: Re: Create wealth first before the use of bitcoin
Post by: Queentoshi on December 10, 2022, 12:48:13 PM
I think people in rural area needs to be financially stable first before knowing bitcoin.
People in rural areas need to have the awareness about bitcoins, it does not matter and should not be a question about their financial status, if they can buy bitcoins at the time or not. Information is very powerful and vital, and you informing them is empowering them and helping them to know something that has the potentials to affect their life for better. Having the awareness about bitcoins can make them make plans to find a way to own some bitcoins, so they know exactly where to put their money when they get it.


Title: Re: Create wealth first before the use of bitcoin
Post by: Ojima-ojo on December 13, 2022, 05:49:40 PM
A lot of people buy bitcoin because of this word: "investment". It's like a tradition and that's also what they tell others that "bitcoin is an investment". In a rude way, I have to say those are people who want to get rich quick by buying Bitcoins. If you do it in rural communities, or people with minimal knowledge, believe me, one day you will feel very guilty. Don't continue that tradition.
Bitcoin education go beyond reaching the rural area and Bitcoin as a technology need to be studied with passion and just as others have said and as you also said before any one decide to take Bitcoin as an investment the investor should have three other sources of income and not depend on bitcoin.

Because bitcoin investment require a lot of patience, most especially since Bitcoin is unpredictable.


Title: Re: Create wealth first before the use of bitcoin
Post by: panganib999 on December 13, 2022, 06:22:00 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
There's a difference between spreading awareness about the uses of bitcoin and spreading awareness of how bitcoin is profitable. There are programs conducted in rural areas in my country where people get free lessons on how cryptocurrency works and how they can utilize it to better their businesses, transaction processes, connectivity, and more, but never giving much focus on how profitable it could be so as to not bait people into thinking bitcoin is their solution to get out of poverty. The way people make bitcoin as nowadays is as if it's the solution to their many financial problems which it definitely isn't. As a matter of fact it could even cause you some problems in the long run especially if you aren't really familiar with the inner workings of the cryptocurrency world. So you should make sure that you don't do the latter.


Title: Re: Create wealth first before the use of bitcoin
Post by: GeorgeJohn on December 13, 2022, 06:29:22 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Before what we are emphasising on concerning Bitcoin or interested in Bitcoin is the awareness, which is the advertisement impact of Bitcoin so that others will queue up in Bitcoin, so i believe that Bitcoin have its way and method. But you are right in the aspect of emphasizing that your good project you have done with Bitcoin will testify of Bitcoin will determine if people will join you for promoting of bitcoin. But in the normal circumstances Bitcoin is already promoting itself during the time of bullish market in 2017 and some years back.


Title: Re: Create wealth first before the use of bitcoin
Post by: DaNNy001 on December 13, 2022, 06:42:59 PM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
Like  you said bitcoin is great and not only in the rural area do people need to have access to internet or be having their source of wealth from other means but from other places and I suppose this is very correct because bitcoin can just add some increase to the money used in purchasing it, imagine a situation where am earning less maybe 80$, you wouldn't expect me to put or use it for bitcoin investment when  my source of lively hood is with that  little income. So its only when you are financially buoyant and stable, bitcoin can be fun and easy to use when you have a big investment, hodling your btc for a long term investment won't cause any discomfort and distability for you because you are depending on that investment you made in BTC.


Title: Re: Create wealth first before the use of bitcoin
Post by: qwertyup23 on December 13, 2022, 07:12:49 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I understand your point and I guess this is one of those limitations that cryptocurrencies have to suffer. The existence of the latter entirely depends on an electronic device/technology in which everyone does not have the privilege to own one. But I guess you can liken this in dreaming your favorite thing- you dreamt of having a beautiful house, so you aim to earn money and buy it.

The same concept applies in BTC- when a person aims to earn such, then that determination will fuel his urge to purchase at least a mobile device in order to transact and use BTC. But then again, it is more than just usage since the real effect is the awareness that people discover when they found out about the existence of BTC.


Title: Re: Create wealth first before the use of bitcoin
Post by: wxa7115 on December 14, 2022, 05:38:51 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
There's a difference between spreading awareness about the uses of bitcoin and spreading awareness of how bitcoin is profitable. There are programs conducted in rural areas in my country where people get free lessons on how cryptocurrency works and how they can utilize it to better their businesses, transaction processes, connectivity, and more, but never giving much focus on how profitable it could be so as to not bait people into thinking bitcoin is their solution to get out of poverty. The way people make bitcoin as nowadays is as if it's the solution to their many financial problems which it definitely isn't. As a matter of fact it could even cause you some problems in the long run especially if you aren't really familiar with the inner workings of the cryptocurrency world. So you should make sure that you don't do the latter.
This is without a doubt a problem, because if you make some bitcoin related searches you will see that some of the articles or the ads you could encounter will be about how if you invest in bitcoin now then you can make a fortune in the future, and while possible such ads do not really tell you why bitcoin is useful and why it is a great invention.

So it is not surprising to see those people getting influenced by those ads and then see how they take mistaken decisions with money they cannot afford to lose, and instead of improving their economic conditions they end up making them way worse.


Title: Re: Create wealth first before the use of bitcoin
Post by: Gallar on December 14, 2022, 05:50:18 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
there really has to be something to support it before plunging into the world of bitcoin, because investing in bitcoin definitely requires a sizable amount of capital.
especially in rural areas, there are still many rural areas that have not yet received an internet signal, and some have not even entered electricity.
and it all becomes additional work to complete it.
then don't make bitcoin the main income, because you need to remember that bitcoin is an investment asset, and investment in bitcoin is long term, so if it is used as the main income it is not recommended.


Title: Re: Create wealth first before the use of bitcoin
Post by: Antonas1 on December 14, 2022, 09:30:17 AM
-snip-
Bitcoin education go beyond reaching the rural area and Bitcoin as a technology need to be studied with passion -snip-
What is the most important part they should learn in your opinion? Is it the technology that supports Bitcoin or how to invest in Bitcoin? Because those things are different.

-snip- and as you also said before any one decide to take Bitcoin as an investment the investor should have three other sources of income and not depend on bitcoin.
No, I didn't say that. Three income sources? Do you mean that each income source has a different post and function? Please explain to me, because I don't understand about it.


Title: Re: Create wealth first before the use of bitcoin
Post by: Plaguedeath on December 14, 2022, 10:19:52 AM
What is the most important part they should learn in your opinion? Is it the technology that supports Bitcoin or how to invest in Bitcoin? Because those things are different.
It's not a technology that supports Bitcoin, but everyone must learn about the technology being used for Bitcoin. In this way they will learn what's the advantage and disadvantage between Bitcoin and banks, that's the important reason why someone can trust in Bitcoin. After they're trust in Bitcoin, they need to learn how to invest in Bitcoin like choosing the right exchange, wallet etc.

Quote
Three income sources? Do you mean that each income source has a different post and function? Please explain to me, because I don't understand about it.
He mean you need to work and have 2 passive incomes (or 3 passive incomes), because if you only depends on Bitcoin to make money, there's no guarantee Bitcoin would make money every month/year.


Title: Re: Create wealth first before the use of bitcoin
Post by: Yawa2020 on December 14, 2022, 10:32:56 AM
Many don't have access to a banking system or it's cost prohibitive to do so or don't meet the criteria.

Bitcoin can provide that service very cheaply. Additionally able to receive monies from relatives abroad.

The minimum entry point is a smart phone.
You seems to misunderstood the point OP is trying to make. Yes, the minimum entry is smart phone but what is the essence of having smart phone without having access to internet? To partake in Bitcoin you must first of all have access to internet service which allows you to connect to the world. Majority of our rural areas lacked this access which make their access to Bitcoin more difficult. Although I don't believe that people living in rural areas are mostly poor.


Title: Re: Create wealth first before the use of bitcoin
Post by: Cyber_Alien on December 14, 2022, 12:16:32 PM
First and foremost, individuals in rural areas need to be educated about blockchain technology and cryptocurrencies in general. The majority of rural residents lack technical education.The majority of rural areas lack even internet connectivity.
Second, I believe that the government should recognize Bitcoin as legal cash so that people will be more inclined to learn more about it and make investments in it.


Never invest in something you are unfamiliar with. 🤪


Title: Re: Create wealth first before the use of bitcoin
Post by: Minor Miner on December 14, 2022, 12:32:40 PM
in because it is the major currency in the world. 


This word is very inconsistent with reality, it is too much in my opinion, because in reality bitcoin is not a world currency, from here you have given the wrong information to the wider community about what bitcoin is.
you should say bitcoin is the main cryptocurrency of all existing crypto.
because as we know bitcoin has not been officially accepted in all countries and governments

It is a major cryptocurrency, but not a world currency, it is not yet acknowledged by many countries but it can be used by anyone in the world as an alternative currency.  I think it would fit better to say Bitcoin is the world's alternative currency.

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas.

its simple . pump , pump and dump scheme .how else can you effect the price?

you can call it currency as long as you want , its not .
real currency don't need promotions and fairy tales .
with real currency , there is no prize for early adopters , that's just stupid .

If it is not currency then why does people accept it as mode of payment?  Even countries like El Salvador, Brazil and many more accept it as a mode of payment.  You can deny it as long as you want but the proof of Bitcoin being a currency is evidently strong.

It's currency, it's an investment, it's a safe place to store assets... bitcoin is flexible and what it becomes depends on how we use it. For countries like Brazil, El Salvador, or Central South Africa, bitcoin is considered the official currency. But claiming bitcoin is the world's main currency is undoubtedly an exaggeration. Bitcoin is still considered the most volatile asset today, and because people care so much about the price of bitcoin, it is better suited as a commodity, an investment, than a world currency.


Title: Re: Create wealth first before the use of bitcoin
Post by: Woodie on December 14, 2022, 12:55:09 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas.
This implies Bitcoins target market are the rural areas but fortunately Bitcoin caters for all provided you have some sort of computer or phone and an internet connection.


It is a very nice job to tell people about bitcoin because it is the major currency in the world. 
AFAIK BTC is the biggest cryptocurrency by marketcap yes but not biggest currency, fiat does win this race by a landslide.

In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
When you try to connect rural areas with bitcoin, I think it's not about bitcoin but leveraging the blockchain technology to their advantage and this is were altcoins and other startups flourish!


Title: Re: Create wealth first before the use of bitcoin
Post by: ven7net on December 14, 2022, 02:42:20 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

You're right! I myself am from the countryside and got acquainted with Bitcoin only after we had the Internet, I earned some money and bought a laptop, although a smartphone is enough to get acquainted with BTC. As you can see in my example, I had to earn money first to get access to information about Bitcoin and this is a big problem especially for rural areas. But it's okay, the world is developing and the countryside too, which means there will soon be even more people who learn about Bitcoin.


Title: Re: Create wealth first before the use of bitcoin
Post by: Crypto-Ivan on December 15, 2022, 03:12:50 AM
Everyone can invest in Bitcoin, and people in rural areas must not only maintain financial stability before investing in Bitcoin, but more importantly, raise Bitcoin awareness. When they understand Bitcoin and how to make money, they may be more eager to own Bitcoin, which prompts them to start investing and accumulating Bitcoin to improve their economic situation.


Title: Re: Create wealth first before the use of bitcoin
Post by: Poker Player on December 15, 2022, 04:21:27 AM
The OP is not misguided. I know there is a lot of Bitcoin maximalist on this forum, but it is better to have a minimum of savings before accumulating Bitcoin, I would say a minimum of 3 months of easily accessible cash expenses, and from there, accumulate.

Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost.

Well, that is actually relative, in bull markets you can make partial sales and it provides you with income to be declared in your income tax return. Making an analogy, I prefer a stock that does not give dividends and gives a 10% annual return, being able to sell 5% each year than a stock that gives me 3% dividends and does not grow.


Title: Re: Create wealth first before the use of bitcoin
Post by: Sebas.tian on December 15, 2022, 05:35:02 AM
Quote from: Pablo-wood
think people in rural area needs to be financially stable first before knowing bitcoin.

You don't need to create wealth or financially stable before you can know Bitcoin in the rural areas, and all you need to do is to have positive mindset that you want to know Bitcoin and how it works for people that know it in the community. If you are Rich and you don't know Bitcoin you cannot use it to grow your wealth like other people that learned digital currency from a facilitator are doing well in some rural areas. Bitcoin is an asset you need to study very well before investing your capital, because it can dump through out the half years and pump few months before dumping again, which is part of some of the things rural areas people need to focus on in the community.


Title: Re: Create wealth first before the use of bitcoin
Post by: Dickiy on December 15, 2022, 10:34:56 AM
I'm a country person, my village is far from being economically established and there are always a lot of disturbances on the internet network, but that doesn't mean you can't know Bitcoin, for me knowing Bitcoin is important to know Bitcoin in general, basically it's true that bitcoin investment really needs stability economy. At least their daily needs are met. but my view on investing depends on how we keep the money we have and save the rest to invest in Bitcoin.
the rest of my spending from shopping for necessities can collect as much as $40 per month, and I make it my investment fund in Bitcoin for the long term.


Title: Re: Create wealth first before the use of bitcoin
Post by: Antonas1 on December 15, 2022, 01:11:12 PM
What is the most important part they should learn in your opinion? Is it the technology that supports Bitcoin or how to invest in Bitcoin? Because those things are different.
It's not a technology that supports Bitcoin, but everyone must learn about the technology being used for Bitcoin. In this way they will learn what's the advantage and disadvantage between Bitcoin and banks, that's the important reason why someone can trust in Bitcoin. After they're trust in Bitcoin, they need to learn how to invest in Bitcoin like choosing the right exchange, wallet etc.
In fact, many people don't learn the technology; they don't even learn what Bitcoin is and how to store it properly. What I see is that people only care about investing, and they will only put their Bitcoin on the CEX for easy trading and withdraw their money whenever they want.

He mean you need to work and have 2 passive incomes (or 3 passive incomes), because if you only depends on Bitcoin to make money, there's no guarantee Bitcoin would make money every month/year.
Indeed, no one advises anyone to rely their income on Bitcoin trading. But that doesn't mean that you must have a minimum of three income sources to be able to invest. I think one is enough (other than cryptocurrency trading) as long as he manages it well.

Actually, I asked Ojima-ojo, but it's okay.


Title: Re: Create wealth first before the use of bitcoin
Post by: xSkylarx on December 15, 2022, 02:40:03 PM
I'm a country person, my village is far from being economically established and there are always a lot of disturbances on the internet network, but that doesn't mean you can't know Bitcoin, for me knowing Bitcoin is important to know Bitcoin in general, basically it's true that bitcoin investment really needs stability economy. At least their daily needs are met. but my view on investing depends on how we keep the money we have and save the rest to invest in Bitcoin.
the rest of my spending from shopping for necessities can collect as much as $40 per month, and I make it my investment fund in Bitcoin for the long term.

As long as you have internet no matter how slow or intermittent it is you can really know bitcoin. Social media is one of the sources that people who are in remote area knows bitcoin since i am sure one of his/her friends would open up a topic about bitcoin and then your curiosity starts on it. Managing our investment is really the key as we know if we know how to handle money then i am sure we can handle our profits from investments.


Title: Re: Create wealth first before the use of bitcoin
Post by: akuntester1 on December 15, 2022, 05:28:04 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I think you are not wrong if you suggest that someone should at least be able to meet their needs first, at least to eat today before investing.

But in my opinion, of course there is nothing wrong if someone tries to share or share knowledge about cryptocurrency in rural areas.
Even though it's in a remote rural area and there's rarely internet access, there's nothing wrong with sharing information, right?

I always think that those who share knowledge and introduce cryptocurrencies don't only introduce cryptocurrencies.
But of course they have analyzed and have a plan and they have a goal.
Whether the aim is to make rural communities literate towards digital developments or to help rural communities in investing.


Title: Re: Create wealth first before the use of bitcoin
Post by: South Park on December 15, 2022, 06:54:02 PM
First and foremost, individuals in rural areas need to be educated about blockchain technology and cryptocurrencies in general. The majority of rural residents lack technical education.The majority of rural areas lack even internet connectivity.
Second, I believe that the government should recognize Bitcoin as legal cash so that people will be more inclined to learn more about it and make investments in it.


Never invest in something you are unfamiliar with. 🤪
Would the recognition of bitcoin as legal tender help? I think it could but we cannot count on it, governments know very well what it is at stake here, their fiat currencies have been dominant for so long and they bring them so many benefits that they are not going to give them up just because a new technology appeared, so bitcoin needs to succeed despite the governments, and without a doubt rural areas can be a challenge as in most countries rural areas are nowhere near as developed as urban areas.


Title: Re: Create wealth first before the use of bitcoin
Post by: dezoel on December 15, 2022, 08:45:23 PM
When you say wealth, that means large amount of sums but didn't you know that a lot that are involved in bitcoin are poor people? And the reason why they invest is to build wealth. If they are already wealthy then chances are that they won't focus on making more money. I know there are some of them who continues to invest. They are likely scared to go poor or they simply want to build more wealth to become more powerful.

The good thing about BTC compared to any other assets is that it is divisible which means you can invest on it on smaller amounts but the only problem is like you said if the we don't have internet in the place. Not because we don't have phones or computers but there are no cell sites on the place. This was the government's duty already but we can always migrate downtown or in urban places, till the rural areas were developed properly.


Title: Re: Create wealth first before the use of bitcoin
Post by: Distinctin on December 15, 2022, 08:59:15 PM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
Right. In fact, bitcoin cannot guarantee us sustainable profits because of its market volatility so we should  secure first our finances through looking a stable job that can give us fixed income. When there is already good amount of capital that is considered extra money, then we can start investing in bitcoin. We must only consider it a side income, definitely not a main job. Otherwise, we will end up starving again because of extreme poverty.


Title: Re: Create wealth first before the use of bitcoin
Post by: Stalker22 on December 15, 2022, 10:55:22 PM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
Right. In fact, bitcoin cannot guarantee us sustainable profits because of its market volatility so we should  secure first our finances through looking a stable job that can give us fixed income. When there is already good amount of capital that is considered extra money, then we can start investing in bitcoin. We must only consider it a side income, definitely not a main job. Otherwise, we will end up starving again because of extreme poverty.

True. But that only applies if you look at Bitcoin as an investment, and we should not. Bitcoin is a currency, not an investment. Bitcoin does not produce income, it is not a stock, but it is a currency. We should use it as such.


Title: Re: Create wealth first before the use of bitcoin
Post by: GideonGono on December 20, 2022, 06:25:13 PM
For me it is not about wealth it is more about knowledge and financial management.
People could use Bitcoin or crypto whenever they want, but they should know how to handle or manage it (Risk Management).


Title: Re: Create wealth first before the use of bitcoin
Post by: Mate2237 on December 20, 2022, 09:27:13 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Bitcoin will give the financial stability so to eliminate the poverty you are talking about  is to invest in bitcoin although, in this modern world, there is no typically or remote area that there is no internet service. The only thing you can say is that the internet in some rural areas are facing network issues. Which probably a slow network issue.


Title: Re: Create wealth first before the use of bitcoin
Post by: Dzwaafu11 on December 30, 2022, 03:14:17 PM
I don't think we should consider that one, that you should create wealth before you use bitcoin, you can still use bitcoin to create wealth. Eg like people in the rural area battling with poverty how can we say we shouldn't spread awareness of bitcoin for them to make the use of it they create wealth


Title: Re: Create wealth first before the use of bitcoin
Post by: TheUltraElite on January 04, 2023, 02:43:24 PM
For me it is not about wealth it is more about knowledge and financial management.
People could use Bitcoin or crypto whenever they want, but they should know how to handle or manage it (Risk Management).
A lot of things are involved in the decision making, knowledge of how bitcoin works and how it can be traded without buying at the wrong time - seems very simple but goes wrong at the wrong time when the quick decisions are taken.

Financial management is a more broad term where you have to keep a long term goal. It is more applicable to the mature group of people who are trading for long time and are managing different asset classes easily with good flow. Should be started from the newbie stage though.

Bitcoin will give the financial stability so to eliminate the poverty you are talking about  is to invest in bitcoin although, in this modern world, there is no typically or remote area that there is no internet service. The only thing you can say is that the internet in some rural areas are facing network issues. Which probably a slow network issue.
Elimination of poverty will no happy by just a magic bullet which you assume to be bitcoin. Poverty stems from a large number of factors which need to be worked on first before the people's lives can be improved. It is not going to happen overnight.


Title: Re: Create wealth first before the use of bitcoin
Post by: RockBell on January 04, 2023, 08:34:10 PM
You have a point because those who introduce people don't actually tell them the value and the risk behind it which is why you see people taking loans to buy bitcoin. Most people are actually failing to understand the purpose of bitcoin, everyone has this belief that bitcoin is a fast way to make money, I don't see anything bad when it comes to awareness not bad in my region people were seen bitcoin as fraud but just because of does awareness they have actually seen the good in bitcoin, you have a point because those who introduce people don't tell them the basics.


Title: Re: Create wealth first before the use of bitcoin
Post by: Terezi on January 05, 2023, 05:45:49 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Everyone can invest. They invest in Bitcoin to find ways to make a profit and increase their future wealth. They should be educated about Bitcoin first, and the more they know about Bitcoin, the more they can know that Bitcoin can be a great way to get rich.


Title: Re: Create wealth first before the use of bitcoin
Post by: TheUltraElite on January 09, 2023, 03:28:12 PM
Everyone can invest.
Anyone can, but nobody know what or how to invest their money. The ones who do are no longer whining in forums but making money albeit not everyday but regularly.

Quote
They invest in Bitcoin to find ways to make a profit and increase their future wealth. They should be educated about Bitcoin first, and the more they know about Bitcoin, the more they can know that Bitcoin can be a great way to get rich.
Bitcoin is not a way to get rich - get this out of your head. It is a currency that has a speculative market. Getting rich from bitcoin is by trading on that and that is not a cup of tea. Not everyone here coming into bitcoin has been an early adopter in the two digit prices, some of you have bought bitcoin at five digits and hence you need to be careful.

Creating wealth is a bullshit term according to me, the right term is collecting it. Bitcoin will help you because it has advantages over fiat but it will not make anybody rich overnight, for that depends on a lot of factors.


Title: Re: Create wealth first before the use of bitcoin
Post by: Nuraiuii on January 10, 2023, 06:56:46 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Investing in Bitcoin requires having money to invest and understanding how it works. Everyone can invest in Bitcoin and no qualifications are required. Bitcoin is a long-term investment, and holding it can help people live a freer life.


Title: Re: Create wealth first before the use of bitcoin
Post by: spiker777 on January 10, 2023, 07:10:16 AM
Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.
I agree with you on this. Bitcoin is just a currency and like any other currency bitcoin itself doesn't provide any income. people can use it as an option to receive their payments or use it as a currency in trading or any other business like dollars or euros in the mainstream world.
and that's what people have to understand before getting into bitcoin and using it..


Title: Re: Create wealth first before the use of bitcoin
Post by: cloirecrom on January 10, 2023, 07:15:10 AM
not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.


Title: Re: Create wealth first before the use of bitcoin
Post by: Z-tight on January 10, 2023, 07:16:19 AM
I don't think we should consider that one, that you should create wealth before you use bitcoin, you can still use bitcoin to create wealth. Eg like people in the rural area battling with poverty how can we say we shouldn't spread awareness of bitcoin for them to make the use of it they create wealth
BTC doesn't really create wealth the way you think it, except you were a very early adopter who probably mined BTC without the need for expensive machines and a mining farm, but if you are a new investor whom just started buying BTC not too long ago, don't expect to get wealthy, and for you to even buy BTC you must have fiat, and the amount of fiat you can allocate will depend on the kind of job and how much you are paid in real life. Many people in rural areas are paid small salaries, and from it they take care of themselves, so even if the decide to buy BTC, they would only afford a small amount of it, and even if BTC grows to another all time high it can't make them wealthy.


Title: Re: Create wealth first before the use of bitcoin
Post by: yazher on January 10, 2023, 10:02:12 AM
Honestly, bitcoin itself cannot be a source of income because it's just some money where also you need to invest or use as your capital to grow it. Most newbies have been victimized by their ignorant of these basics and they often fall into the scammer's trap where they were lured to invest in some Ponzi scheme-like investment thinking it was the all-bitcoin concept we are talking about here. That's why when they promote bitcoins to others, they really need to expand their explanations in order to save the people from getting victims to the scammers by promising them passive income by using the name of bitcoins.


Title: Re: Create wealth first before the use of bitcoin
Post by: Ndabagi01 on January 10, 2023, 11:44:10 AM
The main motive of bitcoin I think is to save money just like the local bank where you stored money. Investing and creating wealth is a secondary aspect of it that cannot be denied. The fact that many rural areas are limited to internet and access to global advanced technology, there’s need to check who you’re taking the awareness to in order to know their availability of access to it. A basic knowledge is not only required to learn bitcoin but a continuous and vigorous learning is important to become a master at it.


Title: Re: Create wealth first before the use of bitcoin
Post by: Jody.Drummer on January 10, 2023, 01:29:30 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
The stigma and mindset must be slightly changed in this regard.
We know bitcoin is very good but it's not for day to day income I think especially for new people.
The emphasis that Investment must be made and of course the risks and consequences of being here must also be informed from the start so that they understand that this is not to facilitate themselves and produce in the near future.
Regardless of being rich or not, I don't think it really matters because the most important thing is whether you want it or not. As long as they have a half-assed view then I don't think it's very good for them to be here.


Title: Re: Create wealth first before the use of bitcoin
Post by: Franctoshi on January 10, 2023, 01:57:48 PM
I think people in rural area needs to be financially stable first before knowing bitcoin.
Do you mean Before Knowing Bitcoin?, or before investing in Bitcoin?. If knowing Bitcoin then your are wrong, getting to know or the knowledge about Bitcoin does not have anything to do with poverty.
Too it's wise to first get to know about Bitcoin ( knowledge about what you wanna invest in) to actually start any investment into Bitcoin.
Therefore, to know Bitcoin is a different thing, while if you talk about being financially stable before investing in BTC then I think I somehow agreed  with you.


Title: Re: Create wealth first before the use of bitcoin
Post by: Gallar on January 10, 2023, 02:23:58 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
What must be remembered, bitcoin is a digital currency asset, which is widely used for investment. So, of course, if you want to invest in bitcoin, you must have aspects that support this investment.
for example PCs, cellphones, money, accounts, and of course a stable network signal.
and it must be remembered too, that many bitcoins make long-term investments, so that means while waiting for bitcoin assets to be sold profitably, you must have income that continues to flow every day.
so in conclusion investing does require economic stability.


Title: Re: Create wealth first before the use of bitcoin
Post by: Ucy on January 10, 2023, 02:35:51 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

What rural area are you referring to? Is it a village or town? The bolded parts of your post doesn't really mix well as I always assume a rural area unlike town is a settlement with few dwellers.

In regards to the topic, don't always assume that anyone who looks rural is poor or battling with poverty. The typical rural people own animals, lands, grow their own foods etc. I think decentralized tech could expose them to more knowledgeable people who live similar lifestyle, understand them better and have things they need to live a better and more healthy lifestyle, like good and affordable healthcare system, homes, education, etc. basically things that can be towed to their community when they need them. When it comes to providing internet access, we could get them the decentralized alternative that is easy to deploy and more suitable for such settlement. I think true cryptocurrency community have lots of libertarian minded people and the likes (excluding the evil/worthless anarchy) who are at the position to help advance such society in a unique manner.



Title: Re: Create wealth first before the use of bitcoin
Post by: Sayeds56 on January 10, 2023, 04:33:59 PM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

I agree with your opinion that access to internet is primary need & very important for massive adoption of Bitcoin because it provides access to  infrastructure to hold and transfer crypts currencies but unfortunately internet access is not equally  available to  every citizen of the world, in many countries its access is limited.
People in many countries use community based internet service where it is difficult to afford mobile internet which can be used to
To promote adoption of Bitcoin, governments should should focus on  economic growth because when overall economy improves in any country, its benefits trickle down & people get extra money to spend make some saving out of it to buy Bitcoin which is the best investment for long term.





Title: Re: Create wealth first before the use of bitcoin
Post by: Agbe on January 10, 2023, 10:49:59 PM
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Create wealth first before the use of bitcoin
That is hilarious, though it is possible if only the person is from a silver spoon family. How can a poor background family. If not it is not easy to create wealth before investing on bitcoin. There are three or five classes of people in the living society. The wealthy, Rice and the poor but some people use to input working class. All the same. Now how can someone that is working in the poor category with have enough money to invest. Investment can be done from the home if the parents are good in bitcoin. The question I will like to ask the op is that how do we become wealthy as you said, before investing on bitcoin.?


Title: Re: Create wealth first before the use of bitcoin
Post by: BRINIRHA on January 10, 2023, 11:51:12 PM
of course building our financial condition to be better is our main focus. and bitcoin investment can only be done if we have money left over after meeting all the needs of our daily life. and only invest in moderation, namely within normal limits. don't be greedy and hasty. buy little by little. of the rest of the money we make. so we don't feel heavy if the value goes down first before finally increasing when the bull run market comes. and invest in other things too. and we should always have a backup plan and also a backup investment.


Title: Re: Create wealth first before the use of bitcoin
Post by: Reatim on January 11, 2023, 01:24:48 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
don't make things more difficult mate , rural areas may be for the poor but don't underestimate them of having funds dedicated for their future meaning they can keep the Bitcoin on hold for years till it is available in that said areas or if the value increases and make them rich? then they can easily leave that rural area and live in more decent place .
so let them have their way of investing because none of us forcing them to do so but we are letting them to decide for their future.


Title: Re: Create wealth first before the use of bitcoin
Post by: dansus021 on January 11, 2023, 02:04:25 AM
not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.

You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.

Some media usually talk about negative side even we are still learning this till day right.


Title: Re: Create wealth first before the use of bitcoin
Post by: Sayeds56 on January 11, 2023, 04:07:28 AM
not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.

You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.

Some media usually talk about negative side even we are still learning this till day right.

Generally, people who don't have in depth knowledge about crypto space, they perceive crypto currencies as get-rich--quick scheme (which is not true) & become victim of scammers. There are scammers in every industry who cheat innocent people by portraying rosy picture of their product and offer un-imaginable returns. Strict regulations are badly needed to remove bad players form crypto to build confidence of genuine investors for continuous progress of this industry.



Title: Re: Create wealth first before the use of bitcoin
Post by: MarjorieZimmermanGinger on January 11, 2023, 06:54:53 AM
You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.
Knowledge is required before one starts entering the market and it is true what is said “that bitcoin is a way of making money” but it is not crypto which is still common. I honestly haven't heard of anyone losing money investing in bitcoin, but those who do understand the concept of the bitcoin journey, except for those who don't know bitcoin and then invest at the wrong time and cut their losses when the market corrects

Sometimes panic only makes things worse, when they can still wait for recovery before cutting losses in the event of a correction. If invested properly, I believe that bitcoin will never make people lose.

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Some media usually talk about negative side even we are still learning this till day right.
The function of the media is to make news and broadcasts, even they adjust the need for something that is being discussed, negative personalities are the editorial part they are trying to influence, there are still many media that speak positively about the journey of bitcoin, they are not contaminated with the government and adjust the needs.

And never worry, people will realize the best side that has been produced by bitcoin. That awareness will grow, when many people start to see the important aspects of investing in bitcoin that are able to maintain investment value in the long term.


Title: Re: Create wealth first before the use of bitcoin
Post by: Fivestar4everMVP on January 11, 2023, 07:25:11 AM
I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.
Well, in as much as you are right in your perspective, i think there is nothing wrong in them knowing about bitcoin even in their poverty, this might help some of them that might have been in search of such opportunity to change their life and view of things.

Let me use myself as an example, i was once a poor retched guy with absolutely no hope of anything good in my future, i was working a 6 to 8 job with a salary that can not carry me and my family till the next salary, i used to borrow to feed, and when i get my salary, i will pay off the loan and borrow again..
Until i discovered bitcoin and cryptocurrency, i didnt own a smart phone neither did i own a computer, i had to hustle to buy a smart phone, started earning free satoshies through faucets back in 2015, then found this forum in 2016, and started participating in airdrops, that was how i got to where i am today...

So personally, i see nothing wrong in letting those in the rural areas know about bitcoin, those who are really hungry for a change will find a way to benefit from all that bitcoin offers.