Bitcoin Forum

Every other investment I know requires you to have a lot of money before you can make a reasonable profit.
The most popular forms of investment are stock trading and real estate and it's quite expensive to go into.
For you to buy these shares and make a good profit you have to have thousands to tens of thousands of dollars.
Not to mention that you need to have a deeper understanding before you can stand a chance to make it in stock trading.

Some might argue that you can buy fractional shares with the amount you have.
According to  Stach (https://www.stash.com/learn/what-are-fractional-shares/) these are a few disadvantages of fractional shares.
This shows how the game is rigged against those who don't have enough money to spend on investment.

I can't say Bitcoin levels the playing for everybody but it gives people an opportunity to have an investment. People that ordinarily wouldn't have been able to have any investment at all.
With Bitcoin, you can just buy with any amount you have and sell whenever and however you want.
I for one wouldn't have had any investment at this point in my life if not for Bitcoin.

For the record, I'm not against investing in other things, if you have the money to invest in other things then by all means please do, but if you don't have it, it's best if you stick to Bitcoin.
And if you'd like to know more about fractional shares, and invest in them, you can start researching here Forbes.  (https://www.forbes.com/advisor/investing/fractional-shares/)

Some people frown at the fact that Bitcoin is being termed an investment because Bitcoin was created to be a currency. They feel Bitcoin might lose its nature as a currency if it continues being an investment. I don't agree with that, but I respect their opinions.
Bitcoin can be both a currency and an investment

Opportunity to earn? Yes, but it has limitations. With Bitcoin as an investment, obviously you’ll need money to earn by holding and waiting for its market price to increase. Indeed there are ways to earn from this industry in particular with services or projects but there are also limitations in particular with requirements to participate. Maybe if it was 4 years ago, there were so many options and requirements weren’t that hard to comply. I remember the first projects I have worked and participated with which really have helped me to make a start in this industry. With regards tk Bitcoin being an investment, we cannot do anything about it simply ‘coz in such way it became useful still given that its acceptance still is limited to majority of countries however I doubt it would might lower the value of this technology.

It was developed to be used a micro-payment scheme, however, it evolved so much from it's inception that it become a class asset now. As for the opportunity, I think majority here is just average joe investors, so yeah there is an opportunity.

However, I wouldn't call it like something that will suddenly give the poor money, I mean it's not like a magic bean that will solved everyone's problem. It will still take a lot of effort from anyone, on how to save and accumulate bitcoin overtime before you can see and make profits.

Bitcoin is designed for everyone to be used irrespective of colors gender and countries, we are permitted to use bitcoin to whatever we wishes to use them for. Those who want to venture into investment may not necessarily buy big amount but can start gradually to hold some fractions of it, investment are always good when discovered the kind of investment and understood the risk associated either before venturing it at this point it gives you an edge to withstand any kind of circumstances that may arise sooner or at the later end of your investment

In general, poor people tend to prefer low-value assets rather than high-value investment assets as their investments. The simple reason is because bitcoin has an expensive price and it takes time and quite a lot of capital to make it rise 3 to 5 times its current price. This mindset is shared by poor people so they tend to invest in crypto with lower value where there is potential for profit, but I don't say all of them have the same mindset.

Some mistakes in selecting investment assets only make their plans fall apart. Some altcoins certainly have a good future, but bitcoin tends to be considered a safer long-term investment regardless of investment budget.

I am of the view that bitcoin provides opportunities to anyone who wants it regardless of whether it is a poor or rich society in this case because in the end this also depends on our desire whether we want to be in bitcoin or not.
On the other hand, we also need to pay attention that this opportunity has risks and the benefits we get depend on how much we invest in bitcoin so don't expect too much when we only invest reasonably because the benefits we get will also definitely see from what we invest.
The most important thing in this case is that you have to do this for a relatively longer time because the thought that comes to mind and often happens is that when we invest most beginners always want something instant and get a big profit in a short time.

If you are going to compare the real estate industry to bitcoin and say bitcoin is way better for the poor then am not siding with you here!!
Think about it without any bias or shilling, most investment opportunities in real life can be financed with loans without having the actual money and make good profits at the end of it, unlike Bitcoin which needs you to have the money if you want to buy and hodl as its high risk and very few wiĺl finance such an undertaking...

So if we perform a reality check on this, bitcoin isn't really for the poor especially that the available resources are needed to take care of other agent needs like food, health, education etc which won't leave excess resources to be channeled towards BTC.

Stating that BTC is an opportunity to the poor is being partial in judgement, because it is a haven for even the rich who have funds to invest in it. The poor can also invest if they have the knowledge and discipline to be able to maintain a DCA strategy or trading effectively.
The application of the knowledge is what is of uttermost importance, be it for the poor or for the rich.
 
It has however proven to have been more beneficial to the poor in that they may be more concerned with ranking up in a signature campaign to earn in BTC rather than wait for other means of income to improve before investing in BTC.
The rich is merely a classification of those who know how to think outside the box by capitalizing on the BTC idea to accumulate BTC or use it for payment of purchase of goods and services. They may also be involved in other interest as the campaign projects ongoing, but the difference is that the rich wants to learn more while the poor give more excuses and rarely try out future projects.

The poor do not think about buying BTC, neither do they have money to invest that they would not be needing for the long term, they are concerned with their basic needs only; i don't know why you think BTC gives the poor some kind of special opportunity to make money, but it does not. Anyone who can buy some Sats, can also afford to buy a few other assets as well, it is not as if you cannot invest little in other assets if you want to.

Before that all you need to delimit or define your version of a poor person.

The problem with poor people is that they are living day by day, they don't usually have time to think about the food of tomorrow, even less time to think about some investments or savings

I see bitcoin as both a currency and an investment, and yes bitcoin can be the best long run investment that mankind has ever created.

But the poor people may have a lot of limitations to enter in that market, first it is what I already said about that they are more worried about some food or first needs goods like clean water, healthcare and other stuff.

Second, the technology limitation, is true that most people have access to a phone where you can access some wallet software and internet, but most poor and very poor people don't have it.

Education may be a 3rd of many points, usually poor families are more worried find any job than give the some money and they prioritize it over education, so they usually don't send their children
nt to the school or they put to work to their teen age kids, in this way a uneducated person may don't know what bitcoin is.

Define poor. IMO poor people don't have money for investments, don't have money to DCA so how they can benefit from Bitcoin? In early years perhaps you could have invested a couple of bucks, hodl for 10 years (again highly unlikely if you're poor) and then perhaps you can have a nice amount in fiat if you sell.   

I think the OP doesn't necessarily mean the actual poor people because if that's what the idea is all about then I would concur that the idea is actually going the wrong way because if you are poor then thinking of buying bitcoin wouldn't necessarily be your first concern because any man without proper work that can enable him to hold his bitcoin can and will end up selling that coins just to tackle and sustain himself in times of hardship.

The "thing" with bitcoin is open to everyone to invest, But!, they're not really prepared.

So, using it as a payment technology or safekeeping of your money is very different from using it as an investment asset, you have to have a degree of preparation, not like that in the depth to pay for something or sell, and using a decentralized wallet to hold, invest is something else, but many users do not see it or understand it that way.

On the other hand, any asset is available for anyone to invest, it's just that there is a "bureaucracy" to do it. (+ money)

In fact, you can ask in your country how you can invest or look for professionals who do it, it is easier, you will be surprised at what things you can invest in that are in the public domain information. Only, it is not like buying bitcoin.

Then, you can invest in so many things, but bitcoin has a very high profit margin that has made it popular, in addition to its own technical configuration makes it a different asset.

Perhaps it might be that bitcoin is more accessible if we prefer it to be our investments, as compare to lets say buying stocks. And one beauty of bitcoin is that you have total control of it, you can buy and sell it any time you want and take the profits.

However, I disagree, it order to really maximize your profits here, you still need big amount of money to invest. However, there are some proven strategies or methods that you can used here like DCA and then slowly accumulate BTC. So it's going to be a hard grind if you are like just a simply investor, as you have to go to a lot just to earn like 0.01-0.1 BTC.

Bitcoin gives everyone an equal opportunity, it’s now left to us to choose how we deal with those opportunities presented to us, but when it comes to bitcoin giving the poor an opportunity, I don’t see any opportunity that bitcoin can give to a poor person if the person has not yet given him self an opportunity, if you can’t make it through life and make sure that you can provide for your needs and use those needs, and still have some left over, I don’t think any form of bitcoin opportunities is for you.

It’s someone who either have money to invest in bitcoin and utilize the opportunity given to them by bitcoin that can make it through, have enough time to invest in doing eke research on ways which they can benefit from bitcoin, that are eligible to make it through it. It’s sad how many people think of bitcoin as something which can move one from a poverty stage to a financial stable life in just less down a year or month or by someone making a little sacrifice of investing few dollars into it, Bitcoin is not magic money although most people call it that, but their is no magic which is performed their that double ones investment.

I would agree. Bitcoin has allowed millions of people around the world to finally gain their financial independence if not get wealthy. The fact that a lot of them even came from this site is all the more inspiring, I was one of them after all. Nowadays you could argue that there's still the opportunity to earn money in the industry but truth be told, it's not that much. There's a lot more stability going on and with that comes the less chances of earning a large amount of profit, compared to years ago when bitcoin was dirt cheap and you can buy it with spare gas change. It's nothing bad though, as a stable asset valuation almost always means that the industry it is in is thriving or the product has gained enough fame and reputation, but diversifying your assets has become even more important and relevant nowadays as compared to back then.

Well, the paragraph I quoted above vindicated you in this article. Atleast, you acknowledge that bitcoin does not level the playing ground for everyone. However it gives an opportunity for everyone to invest and grow at their pace. If we want to be very honest to ourselves, bitcoin at this time may not be able to make anyone a millionaire, except the person invests heavily during the bear and waits for the bull.
Bitcoin only made the early adopters millionaires even from nothing apart from believing the system and mining it or buying with a little money. Those good times are gone for ever. But the good thing is that as you noted, bitcoin still presents opportunity for everyone.


It seems you have discussed two issued in one topic. Will it not be nice you create a separate thread with this topic of bitcoin being an investment assets or currency.

I would rather say, Bitcoin gives the unbanked an opportunity.  Way back when Bitcoin was not created yet, the unbanked had no means of participating in the global economy since they didn't have a way to transfer funds to trade.  With the creation of Bitcoin, many unbanked people have been granted the chance to do international transactions and is able to participate in global trades.

The opportunity is given to all people, poor and rich alike, it depends on people how they take advantage of this opportunity.

Aren't these the same limits that are in stocks?

Fees for trading affect you basically in every sort of trading, and if you don't own much, those fees will affect you more.

Well percentually you get same gains. If you invest less on something, expect less profits.

Sure, but you don't have voting rights trading synthetic stocks either and those seem to be something for example binance wanted to offer. And it's not like you have voting rights with bitcoin, if you want something else then majority, you will just create a fork.
-cut-

This is a matter of perspective. If you want higher fluctuation and potential profits with higher risk, you need to invest small caps.
In that way your bag of value grows with the marketcap. If you want to buy something overvalued, your money will never be enough unless you are rich.

I have used bitcoin more like a currency than a store of value or investment. I bought bitcoin and sold it for money when i needed money. I have bought and sold bitcoin up to 2015, then i stopped and found new ways to get it.

I can't really regret using it as a currency even though one time i remember ticket to public swimming hall costing 0.3 btc. I bought my tv with one bitcoin. It's now worth maybe $200

I don't have to to say that btc was way cheaper then. But i can't regret it as no one knew how high it would rise. So i keep using it to buy and sell.

Not really no. These limits can be seen in some form even in crypto or just regular stock trading. It's just that crypto in general has a greater volatility than stocks, so more opportunities even if you have a lower amount of money invested. Compared to stocks, which are volatile as well, yes, but less than crypto itself. Besides, the same thing about "knowledge" can be said about crypto.

I mean, Bitcoin is a top choice, yes, only because it's well known, it's shown what it can be, and the forum is literally about Bitcoin. You'd be hard-pressed to find someone who doesn't at least have some basic knowledge of Bitcoin. If you were, however, to go to a forum of say real estate owners (if that does exist), given enough time I reckon you'd be able to build up enough knowledge and eye about land to know which is a worthwhile investment or not. While I've never tried fractural shares, the same ideology probably holds the same (just with a bit more restrictions I suppose).

Though I guess I do agree with crypto being reasonably easier to enter than stock. I tried both when I was a college student and boy was stocks confusing as hell.

Agreed, it is possible to buy other assets and investments based on the ability of the user to hold. When the invested amount is smlall it takes lots of time to profit good out of it. Very few get lucky to make big money out of the small capital. If not they need to be early investors of bitcoin. The best thing that can be expected by a common man from bitcoin is a better profit on the investment than other opportunities based on the time one holds it. Whether it is a rich person or poor one, spending regularly little amount will assure with the profit in the long run. This could be life changing money.

I know BTC is censorship resistant and people who don't want the bank to control all of their money will probably like to use BTC for the portion of the money they want to control themselves, but what i believe is that most of the unbanked do not have money to save in a bank, and they are mostly unbanked because of their financial situation rather than for privacy issues. If this is correct, BTC doesn't help them, because it is also a currency in itself and if they can't earn fiat they'll not be able to earn BTC.

Not true, I am an example of uneducated person, but I know bitcoin, actually bitcoin ( especially this forum, altcoins, ICOs, other scam, pyramid, ponzi ) attract all the poor people, I wasn't poor, just unaware of the concept of ponzi, so years ago I participated in a few of them thinking those who call it scam are competitors so I ignored the warnings and paid the price by handing them my money.

But I do agree that with an empty stomach, one can only think about how to fill it just to stay alive, and who's fault is that? 1% of population is at fault.
I'm not saying poor people are criminals, I'm saying poverty brings nothing good when it comes knocking on the door.

Exactly, bitcoin can be both a currency and an investment, just like what is happening now is that most people consider bitcoin as an investment. However, there are still some businesses and individuals that still accept bitcoin payments. I don't see any problem but why are people complaining about it? Furthermore, if bitcoin becomes stable, how many people will stay and continue to support the bitcoin ecosystem as a currency? We need to acknowledge the fact that people participate mainly for profit, without profit, people will leave.

Who is the poor?

Can we say that somebody who has some extra savings, albeit small, is poor? Or should we exclude them from such category because, in the first place, he/she has an amount to invest?

I'm certainly not rich, but sometimes I feel a tinge of embarrassment whenever I classify myself as poor because I know that there are people out there who cannot even eat 3 times a day, and yet I have so much more.

My point is that Bitcoin might not actually give the poor an opportunity, at least in this discussion's context.

There are many people who are very poor, not even able to eat 3 meals a day like you said, and investing with them is almost impossible. But in the future, if they can save a small amount of money and wish to change their lives by investing. It can be said that bitcoin is their choice, bitcoin gives them an opportunity because they can invest with their little capital. Unlike other investments that require more capital to start. So for me, bitcoin really does bring opportunity to everyone including the poor, although not everyone.

Do you think investing in Bitcoin only need $10 and we will get $100,000 after next few years? lol.

Either stock or Bitcoin are same, you can start to invest as low as $10, but you will not get a big gain even the stock or Bitcoin price already reach two, three or five times high. Investing is the last step for someone to make more money.

For poor people they need to train themselves and get a high paying job first.

Their something you did not understand for cryptocurrency investment its not necessarily means that you will invest in bitcoin with  huge amount of more for you to make a profit, what you needed in cryptocurrency is ensure that you have your own way of making your profit  because some one who invest with small amount of money can make a profit more than the person who who uses big amounts of money to invest in cryptocurrency, I know that the higher the money for investment the higher the profit but it depends on the time you invest and the duration it takes for your investment and time of bullish and bearish when it occurs

Those are the benefits people who want to invest in Bitcoin can get. They can buy Bitcoin in small fractions and buy again at a later time regularly and save it. The amount of money to buy Bitcoin can also be adjusted to their budget to not burden people who accumulate Bitcoin regularly.

By having an investment in the form of Bitcoin, you are preparing your future so that it can be even better. But people can start investing in Bitcoin once they are ready with the money. But if they have to meet their living needs before investing in Bitcoin, that's okay too.

And they are fortunate that investing in Bitcoin gives them freedom about when they can start. And there is no pressure that they have to invest in Bitcoin because it is each person's choice.

As far as I know, to start forex trading, we only need 5$ to start with a basic account.  you're right, bitcoin is like all other investments, if we want big profits, we need a large amount of capital to start.  we cannot expect with little capital to earn millions of dollars from bitcoin. 

People want to escape poverty, it is important that they work hard and try to seize every opportunity if possible, it cannot be said that only bitcoin gives them the opportunity to escape poverty and other investments do not, that is not correct.

I think for those who can't afford to eat three times a day, of course they won't think about investing and if they have met their food needs, they will of course be able to think about other things such as investing. Choosing to invest in Bitcoin, there are many things that need to be learned and it would be better to have someone accompanying you so that you can easily understand it and we can start with little capital. You are right that Bitcoin provides opportunities for everyone who wants to invest whatever capital we have, even with little capital, if we do it consistently then we will get a profit from the investment we make.

We can say Bitcoin is an opportunity open to all but only those who take advantage of this opportunity will benefit from it. It doesn't matter who is rich or who is poor. But in today's competitive financial world, it is difficult for a rich person to become rich and it is more difficult for a poor person to become rich. Because in financial world no business can be created without money which is more difficult to do through poor people. If there are poor people who want to be financially strong but don't have the right environment then Bitcoin can be a milestone. Investing in Bitcoin alone makes it possible to achieve something daunting.

I mean it wasn't really completely like it, for sure you could easily buy a very small amount of Bitcoin and you could probably earn even though you didn't have a good amount of investment but at the same time, you could easily lose your investment in cryptocurrency. Cryptocurrency has a very volatile market price and if you looking forward to earning on cryptocurrency and don't really have any other source of income you might just end up selling your investment at a loss. Especially for poor people, I wouldn't really recommend investing in cryptocurrency at that rate because it is a risky investment it would be better to invest in assets, passive incomes, or something like a business because this investment involves tangible things unlike cryptocurrency where you doesnt really have any assurance, I mean on 2030 something like that we dont really know if cryptocurrency is still going to exist it could probably disappear at anything.

For me, Bitcoin is a great investment but I wouldn't recommend it for someone who doesnt really have some kind of savings or if you only going to depend on Bitcoin investment but as a currency I dont really think that it is already suitable for that since it involves high fees, and there are also a lot of platform issues since most of the low fees transactions are from centralized platform and most of us doesnt like centralized platforms.

Its really sad that in this day and age, people still go hungry at least three times a day. And as the wealthy discuss investments and Bitcoin, the less fortunate struggle to survive. Its a terrible and extreme discrepancy. However, Bitcoin? The elites would prefer that no one go too deeply into the subject, I see. They would rather that the general public ignore cryptocurrency's capacity for decentralization.

In fact, Bitcoin has the potential to be an equalizer. Its true that there is a severe learning curve. Has the public ever been genuinely educated about the complexities of money by the financial masters, the banks, or the governments? I think not. Only if everyone is aware of and uses cryptocurrency's power can it pose a challenge to the centralization.

I agree with what you said, if we want to get big profits from stock or real estate trading, we need a lot of initial capital. But do you think that to be able to make big profits from bitcoin we don't need significant capital? Don't forget that bitcoin cannot bring x100 or x1000 profits like in the first period, and to get big profits you also need a significant amount of capital to invest in bitcoin. Bitcoin is not a get rich quick investment or will make us rich with just a small amount of capital, that is no longer the case these days.

Furthermore, even if you are a holder, you still need to have knowledge about bitcoin, the deeper your knowledge, the more beneficial it will be for you, I have not seen any field succeed without knowledge.

Many people are looking to make money from Bitcoin because Bitcoin as an asset has gained some reputation in recent years. Bitcoin is giving everyone an opportunity to earn, whether they are rich or poor. The rich people can make a fortune by investing in Bitcoin, while the poor can make a living by making investments in Bitcoin. But, for the poor to make money from Bitcoin, they should have some capital to invest. Usually, if a person does not have money, or has little money, he will not go for expensive options and will invest in cheap items to accumulate more. In the past, with bounty projects, less fortunate persons had a chance to earn a handsome amount of money. At present, they can make money through bounty projects, but the earnings are significantly reduced. 

Let's not be blinded by sentiment, it's the same thing with Bitcoin. You don't expect to make a fortune out of Bitcoin with your $20, $200 invested into it. In the past, that's the early days of Bitcoin, one could achieve that. Today, it's not that way. One needs to invest enough to gain something appreciable. Otherwise, it's the same way with stocks and real estate you alluded to that aren't profitable without substantial capital thrown into them.

Well, in truth, Bitcoin has not only provided opportunities to poor people but also to the middle class and rich people; even to other students, it has provided financial support in terms of tuition fees to their school. Even in businesses that accept it as a payment option for customers, it can be used.

Even in other usage features of Bitcoin, it can also be used by other overseas workers so that they can send money to their respective countries. Bitcoin does a lot for us, not only in the opportunity to tell you frankly.

Those who were once hopeless are now full of happiness because of what Bitcoin has done.

Bitcoin gives opportunity for everyone to earn and make an investment. However, in this context, we have to define who are the poor in OP's context, is it those people who are able to buy their meals and needs but are barely making savings, or is it those who are really very unfortunate and can barely buy their meal every day? This context is important because it will tell us if the "poor" OP is referring to can have at least a little amount of money to enter Bitcoin.

Yea,h I agree, but I put that up because most times when I see topics like this people always say stuff like it's wrong to see Bitcoin as more of an investment than a currency.
While I agree that Bitcoin is a currency, it's also an investment. I put that up to avoid that.

 
I never said anything about Bitcoin making you a millionaire or making you a fortune at all, talk more of making the poor a millionaire with his little investment.
It will not make them a fortune, but it might make them something in the long run if they're able to be patient.


The poor in this context are not people who can't afford a roof over their heads and no food on their table. I should have clarified that, my bad.

Some people struggle before paying rent, struggle to pay their fees or children's school fees. Some people struggle before they can pay one bill or the other. It doesn't mean they're absolutely poor to the extent they can't afford anything at all but they're struggling.
Some people just get by. Living on their salaries that is not even enough and they end up taking loans to take care of themselves and their families till the next payday. This is the reality of things in my country. So I don't know how exactly things are in yours but you most certainly can't call someone like that rich in mine.

I don’t know how to put this straight but being poor is something badly worked out situation. In today’s world there are so many schemes that one can earn minimum wagers by doing simple tasks in public services and work their career path upwards. They can start increasing their wagers and poverty status too.

Now I am not saying this is applicable to every country out there. Obviously situations can be different in different countries and with respective government schemes for the under privileged peeps but it’s not impossible to change the situation.

May be there are bunch of other things like adopting to skills, getting enough education, adopting to the situation and much more. Then comes part of investment.

For investment in stock market, one should get knowledge of business. How businesses work? What are factors that affect on business? Why businesses fail? Stock market investment is risky, if someone has no knowledge of stock investment. The first step to invest in something is to have knowledge of business, the factors through which we can estimate that  company will grow or fail. If business will be good, stock price will go up, and in long term these stocks will produce millionaires. If company fails then investment will be zero. But in real estate, the scenario is different, because real estate gives monthly fare of someone invests in properties. Every 10 years after, property price becomes double due to factor of inflation and mor engagement to that area. Real estate is best investment if someone wants stable income.

Many have regarded BTC as an instrument that can instantly convert someone from rich to poor. This is a misconception that people should avoid looking. Just like any other of investment, it requires tremendous amounts of patience, knowledge, and skill for your investments to grow.

What makes BTC separate compared to other conventional investment instruments is its potential in terms of its price. If its price skyrockets, then you can gain profit which is relatively faster compared to stocks, etc.

Not trying to sound so out of touch or whatnot but as someone who lived out of poverty and came up successful thanks to investing and crypto, capital is going to be the least of your problems.

Compared to actually planning out an investment strategy, fighting FOMO and FUD whilst your assets fall in value, and even the dreaded bear season where not even the strongest currencies are immune to price decline, not having enough capital to start your investments is just the tip of the proverbial iceberg of your worries.

Finding the money to begin your investment journey with is easy, actually sustaining it through the whole journey is a differrent story.

Bitcoin provides a golden opportunity for anyone in this world.  Bitcoin is the first crypto asset to appear, it is decentralized, its creator has a pseudonym, it can be bought on any exchange easily, has low transaction fees, can be sent to any private bitcoin wallet throughout the world very easily and has a strong community, so there are no drawbacks to Bitcoin, even with $1 you can have Bitcoin ^{(with the smallest amount or what is often called satoshi)}  Anyway, have you ever thought that people who hate bitcoin, really hate bitcoin? there is a possibility that they also invest in bitcoin but want to try to manipulate the market for their own benefit!

It is understandable that investment in Bitcoin is one of the investments that is very affordable for all groups. Sometimes in the past I never thought about making an investment because usually the investment was in things that were "expensive and required a lot of money".

However, after meeting Bitcoin, and for those who understand that investing in Bitcoin doesn't have to be 1BTC, then this is a very good choice for anyone, not only the rich but from various groups if it is possible and capable. Capable in this case is broad, so not only financially capable but also mentally capable and also mature in knowledge and management. Because after all, there is no zero-risk investment, especially in Bitcoin. So we have to be really mature when we want to invest in Bitcoin.

And this is a fact, Bitcoin can help improve the standard of living of many people. As long as these people are willing to try and really understand optimizing themselves to get various benefits from Bitcoin or cryptocurrency, then they can really improve their finances. Although this does not guarantee 100% because each person's efforts and readiness are also different.

Honestly, the way I looked at Bitcoin history, it does not meet the get-rich-quick criteria.  Those who become millionaires because of Bitcoin had waited for several years before they are able to make a huge profit.  Just like from 2017 to 2021,  Bitcoin ATH only triple in price.  While from 2013 to 2017, it only grew 20x.  With a small amount of investment, this growth will not make anyone upgrade their social status from poor to being a millionaire.  I do not know where does people thinks that investing in Bitcoin will make one become rich in just a short span of time.


With its faster gain of profit comes the high volatility.  So people that are not familiar with Bitcoin price movement may panic when they saw the price of Bitcoin dumped heavily after a sudden uptrend movement.

Of course, YES but most of them ignored it for financial reasons and knowledge. In fact, how could you prioritize investing in Bitcoin when you don't have enough money to provide your necessities?
I would say that they have the option and that will depend on their real-life situation. Some people are very unfortunate and really don't have the capability to start. Therefore, investing in Bitcoin is a good opportunity for all but not all have been given the chance to do it.

Looking at the facts, poor people or those at the lower middle economic level are more likely to ignore Bitcoin investment for many reasons, especially the financial problems they experience.

Their finances are only enough for their living expenses and if set aside for investment in bitcoin they really have to work extra again to be able to buy bitcoin.

But it is not impossible, some of the bitcoin investors are also in the low-level economy by making purchases that can be said not too much but gradually.
This is also good enough for the long term.
Provides a great opportunity in the future to be able to change their economy when the Bitcoin price reaches a new ATH.

Ironically, they are the ones who could have been the most benefited people if they had invested Bitcoin a long time ago. Poor and middle class people didn't even need to invest money from their pockets, they just had to use faucets back then, during the early years of Bitcoin to build their holdings and keep it for the future. I believe the problem with poor people is that they aren't visionaries. They don't risk doing things other people aren't doing, they just follow the flux, the herd. If most people don't do something, they don't consider it important, while the rich act exactly on the contrary: they do things most people aren't exploring yet.

Since Bitcoin is a high risk high reward kind of investment, it can make poor people to get out of their rat race. If you invested in Bitcoin before that the price is only around less than $1, and you sold it in 2021, surely you became one of the richest person around the world.

We must understand that Bitcoin provides an opportunity to all people, regardless of their financial situation. Bitcoin benefits both rich and poor people. But does this indicate that investing in Bitcoin is no longer beneficial? No, it is still worth it to invest in Bitcoin today; however, the potential ROI is not the same as it was before.

Opportunity to earn are everywhere and you remain qualified when you’ve got a skill set to offer. Bitcoin just veined an addition to the lots of varieties that exists in our world. Even writing in itself is a skill and that some of the most exploited on the forum, writing!

For one to be able to make some good profit from bitcoin, you must have either the finance to invest by buying and hodling for a long term which is something most of the people we regard as poor (practically those who feed from hand to mouth if you know what I mean; having to live day to day) can’t do.
Just how do they get that spare cash to invest when that’s fund to feed with for the day!

When you have a skill set of value and could be hired for it, then that’s a different story. Even then, you need other resources like technology to meet up the ends.
It’s not a complete haven that doesn’t asks nothing of you, you’ve got to have some level of resource and what to offer.

You also need to invest heavily into bitcoins if you must make a reasonable profit. But like some other investments, investment in bitcoin allows you to do it in fractions and in amounts you can afford to spare for investment.

So bitcoin actually offers opportunity to the poor to at least be able to have some kind of investment and hope for the future.

We mainly use Bitcoin only for the purpose of making money from it so that we can make good money in future with Bitcoin. Those who want to become Bitcoin investment entrepreneurs must invest a large amount of money in it and they can expect good amount of profit from it. But those who are new investors do not have enough money, they buy some fraction of bitcoins with small amount and hold, and they are gradually interested to buy more bitcoins. And an investor always dreams of gradually increasing the fraction of bitcoins he holds in the hope that he can make good money in the future from that fraction. But an investor must be aware of the risks before taking such a venture, because any investment involves risk, so the next investment should be made knowing about it.

Bitcoin is not free nor can it bring wealth to the poor with just a small amount of capital, that was true only for early adopters but today it is no longer true. Those who want to make a reasonable profit also need a reasonable amount of capital, if someone wants to get rich with little capital, shitcoin is what they need, not bitcoin.

But the highlight of bitcoin compared to other assets is that we can invest in parts as you mentioned, which is really necessary for many people, especially low-income people and the poor. They can invest in bitcoin whenever they have money, which is really a big advantage of bitcoin.

To me, bitcoin is for everyone who knows how to seize opportunities, not just for the poor.

Everyone wants a profit and the percentage of profit will be proportional to the capital spent, for those who have a lot of money and buy Bitcoin in large amounts, they have the possibility of making a bigger profit compared to people who buy Bitcoin on a small scale, likewise with the risk, it will be quite worth it.
And again, every trade or investment is not just haphazard, everything must be done using the process and knowledge you have to be able to make a profit, Bitcoin can be for all groups as long as they know how to make a profit.

For sure the more times passes, the less the possibility to make a lot of money with bitcoin, but there is a good chance that in a few years you can still make 3-4 times what you invested depending on your timing, and with the stock market or the real estate there is no way you are going to have the same type of return in percentage. Bitcoin now is about $26-27k, in a couple of years it could easily be at $100k, almost 4 times more, not bad.

Nowadays it is difficult to make money, let alone get rich and it is an impossible task for the poor. But I think without bitcoin, the opportunities for the poor would be a lot less, so bitcoin is really helpful for the poor by giving them opportunities. Like me, I'm not so poor that I don't have enough to eat, but I always crave a solution to escape poverty. I searched and tried many ways for a long time but nothing worked until I found bitcoin and cryptocurrency. Although my life is not yet rich, it has improved a lot in just a short time since I invested in bitcoin.

You're talking about low middle class people.

Alright let's talk about how they can buy Bitcoin when they're struggling to feed their family and they need to taking out loans? loans always have interest, so when the next month you're spend more money to pay the loans + interest, you're also take new loans since you lack of money. How can they have more money to buy Bitcoin.

If you answer my question they can become a freelancer and get paid with Bitcoin, it's not Bitcoin is changing their life, but it's because they work harder and learn a new skill.

But not all poor can grab the opportunity because there are people that don't have an access to the Internet let alone technology that can access bitcoin, maybe those above the poverty line and those that can afford to put in a little bit of money in bitcoin and have the devices that can afford to navigate the platforms where they can buy bitcoin. I feel bad though that the opportunity of a lifetime still doesn't reaches everyone but what can I do? It's not like I put them there or have any way to help them out, I'm just a lowly salaryman that lives paycheck to paycheck.

It's widely understandable that compound interest works, nevertheless, there are other assets other than Bitcoin that some people are also able to invent. It comes down to people's risk choice, sometimes they want to feel safer so they seek a lower volatility instrument.


Note that someone might have an upper or high income yet still live paycheck to paycheck. This habit is not exclusive to those who are in the middle lower income.

My point is that it is not a matter of which investment instrument offers opportunity to the people but rather to the behaviour of the people themselves, specifically within the economic aspect. Deciding which thing to invest should come later after the person has moderate financial literacy. The first step is to solve the problem of why people spent all of their paycheck and did not reserve any savings.

It's true that bitcoin brings opportunities to the poor, but not all poor people have the opportunity to grasp the opportunities that bitcoin brings because many people are so poor that they don't have enough to eat, so how can they have money to invest? But I think bitcoin is also an investment like many other investments, so saying that only bitcoin brings opportunities to the poor, but other investments are not correct. Real estate does not bring opportunities to the poor, but I think like the stock market, foreign exchange can also bring opportunities to the poor because they also do not need large capital to start a business. Trading forex, you can even start with a few dollars.

Well, I have to agree that bitcoin can give poor people some opportunities to earn but at some point, it can also make them poorer and become homeless in the end. That’s the reason why most of the poor people are afraid to take the risk in bitcoin because if they can’t do their investment or trading the right and secure way, they will end up losing all the little money they got. However, there are still who chose not to be fearful and are brave enough to take the risk, luckily some of them have gained success and are now living their lives to the fullest.

Stocks are not expensive to get into I dont know which markets you are referring to, but my country markets are easily buyable considering what the average person here earns. Real estate is expensive, that I do agree and so is bitcoin. This is all relative depending on how much the person is willing to spend and earns in fiat.

Also being poor is often a curse for some and a blessing for another. Some people never want to get out of their misery and grow their condition of living into something better. Bitcoin will not change that status quo but how you define poor makes a difference here. A person who has access to electricity, internet, education is in the class between rich and poor.

It used to be like this, investment used to be for people who already rich. But today it is not any more, I don't know if the case is the same in every country but from where I can from, we can invest in mutual funds with only $10. And now we can do this with our mobile phone, I don't know whether it is connected or not, but maybe it's also because Bitcoin investment is so easy so other investments feel the needs to catch up.

Opportunity here means that bitcoin gives poor people the opportunity to overcome poverty if they know how to seize the opportunity, bitcoin does not guarantee anything to anyone. After all, bitcoin is just a vehicle like many other investment vehicles, it gives us an opportunity but whether we can take advantage of it and turn it into profit is entirely up to us. One more thing, risk always exists around us and bitcoin is no exception, whether we consider it an opportunity or a risk depends entirely on how we view it.

The boundary between the rich and the poor is how they perceive a problem or an event in different ways.

I consider myself a poor person, not extreme poverty, because I have never lacked food on the table, I have internet (2mb/s), I don't have a vehicle (I don't know how to drive). I have considered investing in bitcoin a lot of times but I always end up spending it on things I need, in my country you could work 20 years in a row without ever having seen more than $2k together, but you can still be happy that way, so from my experience personal bitcoin is not good for the poor, the poor live day to day, although I had a good education, most of the poor people I know do not, they ignore bitcoin, they do not know how to use it, nor do they know how to use email. Nowadays, bitcoin is good if you have enough money, otherwise you won't even know about it and you will rarely, if ever, hear it mentioned among the poor. Maybe it's a problem that the rich no longer contribute to the poor, that no one takes to the streets anymore to show people what bitcoin is, and this is basically turning crypto into a closed circle with little adoption in the real world.

That's one of the factor that affects poor people to attain that benefits Bitcoin have. Cause nowadays in our technology which is the internet, from there you could gain knowledge by just simply surfing the web which you could find a lot of money sources, what more if they could do investment and trading as well. They can't escape that life of being poor if they doesn't have the knowledge how they can improved their life.

But to be honest, do we consider those native people who live in the mountain as poor? I just think that rich and poor are just labeled in a community, cause from those native people who's contented by just living and doing things as their survival. And also I think poor wouldn't waste their time to understand thing that they think is really complicated

Why i so much love bitcoin is that you don't need to be billionaire before you can invest in it, as far as their is a steady earnings that comes steady one can invest just according to the amount that can be afford to lose . Bitcoin is something I can say that is is fall all when it can be invest according to the amount one can provide,  but people who tend to invest with all the money they have on Bitcoin are going about bitcoin in the wrong way .bitcoin has given people much opportunity to be able to invest even with the little they have.

Web browsing is a great way for people to learn, but what about those without access to the internet? Due to the gap in technology by places, many people are unaware of options like as Bitcoin and other investments. Many people still dont know about the digital financial world, which is a sad fact that has little to do with disinterest. The intricacy and scarcity of easily available knowledge further distance individuals who are already marginalized. Ignoring it’s a serious issue that will only make things worse.

I think Bitcoin does not just empower the rich or the poor, it empowers both, provided that those who can guarantee survival ultimately succeed.Here, if you have the funds and the will power, anything can be successfully achieved.It is not that he will invest only if he has money. Power is a big issue here. I think here the rich have more opportunities than the poor, or the poor also have more assurance, but it is very limited cannot survive.Of course Bitcoin is not just currency it is an investment topic.I thinking the opportunities of the poor are very less due to many reasons such as basic rights, technical weakness etc.But it is possible if those who get the opportunity work hard and tries patiently.

I agree with you here, but having to invest just $10 or $20 into Bitcoin means they will not get much profit even in the bull market. To get a significant profit, the investor must invest a significant amount too. Although Bitcoin is the only investment I know that allows someone to steadily invest a small amount through a DCA strategy, for other investments, the person would not be allowed to keep allocating more funds to their already small invested amount, just like they can do with investing in Bitcoin. Bitcoin is literally for everyone, whether poor, rich, or middle-class; as long as you accept the technology, you can invest in it without stressful requirements.

Opportunities to invest are everywhere and not just in bitcoin. Every bitcoin investor certainly hopes for a commensurate return on their investment, but bitcoin does not necessarily make poor people rich with just a small investment budget. In fact, investors who have a large investment budget will get a greater return than investors who only invested $100 in the last year, but the return is proportional to their respective capital, especially if the time, strategy and purchase price are the same.

Bitcoin is always open to any investor, but the opportunities and portion of the profits really depend on each investor. I can't expect a 1 million dollar return in 2025 if I only have $1000 in bitcoin today, but someone with $500k probably can.

We have read this thread. Very interesting ideas.

"BitCoin gives the poor people an opportunity?"

Let's extend this question in a thought experiment. The thought experiment certainly answers some questions about the existence of BitCoin in its social impact and the impact on the financial market in particular.

There are currently around EUR 500 billion in circulation tied to the BitCoin. This means that there are investors who have invested 500 billion euros in order to earn money with it.

As one of my bosses once said, "We show our customers how they can use IT to make even more money with their money. That was in 1994 / 95. The first digital systems for market surveillance were developed. I was right on the pulse of the times in Germany."

Well, what does poverty mean? How does it show itself?

Let's take a simple example:

A female farmer in Africa has two children. Let's call this farmer Melissa Nugoti. She has a small plot of land and her children go to a school in her village. Melissa earns 25 Euros every month. That is a lot of money. She uses this money to pay the children's school fees and to buy seeds for her vegetable garden. The village where Melissa lives is near the Sahel. So it is very dry there. There is hardly any groundwater. Melissa has to walk 10 kilometres twice a week for clean water.

Let's add a second farmer from Peru. Let's call him Manolo Esperanza. Manolo Esperanza lives in a small settlement near large avocado plantations. The settlement had its own land. This land was gradually sold to a plantation owner. Manolo sold his land to pay an outstanding loan. Manolo and his wife have three children. The three children go to school. Every month, Manolo pays 15 euros in school fees for his children from his wage of 50 euros as a farm labourer on the avocado plantation.

Shall we continue playing the game of thoughts?

Bitcoin gives an opportunity for everyone to select it as an investment asset but it does not depends on your choice to sell or buy because you cannot sell it by your own choice until it gives you profit. If you are just thinking about your choice and sell it at low price then absolutely it will be harmful for you.

Opportunity means there is a specific timing at which you have to take decision but it does not mean that you can buy and sell anytime according to your willingness. There is no doubt that bitcoin can give you profit but it does not mean that it will be profitable for you all the time.

Every investment is advantageous but thats you who make these opportunities as worse or profitable for you therefore work better for outcomes that will yield high.

Let's bring a hypothesis into this thought experiment. Let us assume that Satoshi Nakamoto had a much more far-reaching idea than to create a system that would open up new possibilities for cooperation as an investment in the financial sector.

Let's venture a retrospective so that the idea becomes clear. In 2011/12, the first exchanges became aware of BitCoin. Let's add a conspiracy theory to the theory. I am sure Satoshi Nakamoto is a convinced conspiracy theorist, a phantom, someone who knew exactly that the financial market would bet on the BitCoin like roulette. In fact, this is exactly what happened in 2011 / 2012, when the BitCoin was traded and speculation set in motion a trend aimed at - here comes the conspiracy theory - discrediting the BitCoin by creating an industry of mining companies. An entire industry has been created that includes not only BitCoin, but all other cryptocurrencies that are copies of BitCoin over time. Hypothetical!

Let's go back to the idea of cooperation. Today, there are around 15 to 16,000 full nodes scattered around the planet, which compete every day to create new BitCoin. So the bet is like in casino roulette, where the ball hits a number, a colour or something in between. Random chance decides who wins. A gamble on what? Today, around 500 billion euros are tied up. This means that people have decided to spend 500 billion euros to buy into this casino BitCoin, hoping that new BitCoin will be created and by cleverly manipulating the market, a profit will be paid on the deposited sum. In very simplified terms.

The cooperation in this case is to manipulate the ball in the roulette through further digital support so that it falls on a best possible number, colour or something in between. To do this, an average of 15,750 full nodes calculate the odds every day. A digital space in which there is no real value creation.

What does value creation mean? In non-digital life, it means a person works with their hands, growing vegetables or avocados, for example. A teacher teaches the children of the farmers who grow these vegetables and fruits in a school. And after 10 years, the children of the farmers - in our case Melissa and Manolo's children - find themselves on the same land where their parents had to work hard.

So how can BitCoin help people in a cooperative system to develop, to build up their living environment and a little bit of wealth?

In which context did Satoshi Nakamoto see the peer-to-peer payment system in perspective?

The thought experiment continues.

It is indeed true that Bitcoin offers a better opportunity to escape poverty, but it doesn't guarantee that everyone who invests in Bitcoin will become wealthy. Not everyone understands the standards and intricacies involved in the Bitcoin space, and some might not even grasp the concept of investment, let alone profit from it.
 
Another perspective on this is that Bitcoin can be beneficial for those who have at least some resources for investment and possess the knowledge, experience, and theories that can lead to success in the field of cryptocurrency. For those struggling in poverty without adequate resources, bitcoin investment might not be a viable option. They often find it challenging to meet basic needs, let alone think about investing in Bitcoin.

Another viewpoint is that the rich seem to be getting richer compared to the poor. In my estimation, there are two main reasons for this. First is the lack of knowledge, which is often due to a lack of experience stemming from poverty, which is always in front of poor guys. The second reason is the absence of funds. These are the challenges that make Bitcoin more of an opportunity for the wealthy than a practical option for those in poverty.

I know every situation is different and the struggle is real, but oftentimes one of the main reason for finding themselves in that situation is the lack of basic financial culture: we live in a very capitalistic society that pushes you to spend more than what you make, and many people fall for that because they want to appear like they are richer than the friend/neighbor. As I said, not everybody does that, but many people, yes, they do it, so they could be in a way better financial position but if having the last iPhone or getting food delivered 3-4 times a week is more important than investing ok, it's their choice.

At all points, we shouldn't always consider Bitcoin as an investment opportunity. Otherwise, people will forget about the use of Bitcoin and the history of why it was created. Due to the volatile nature of Bitcoin, we can take advantage of that. But you need to keep in mind that investing in Bitcoin doesn't mean you will be rich. Bitcoin wasn't created to make us rich; actually, some lucky people become millionaires, but everyone won't always be lucky. There is a high level of risk in investing in bitcoin when compared with any real-life investment, like real estate. Real estate investment is always more secure than Bitcoin; sometimes it gives double the value of Bitcoin. I know that for real-life business, you need a good amount of capital where you can invest any amount in Bitcoin. Those who can afford the loss of their Bitcoin investment can do so, and everyone can't afford to lose; hence, a real estate business would suit them. Also, there are many things to consider before making any investment decisions, like skill, experience, and capital.

We need to first understand that Bitcoin was not created as an investment scheme rather a decentralised mode of current where you can hold asset and transfer it without any involvement of government or financial institution but since it has changed as an investment scheme and people rarely use bitcoin as a mode to transfer funds due to various reasons like speed, transaction fee and all it has been completely look at as any other investments like stocks and I don't agree with your opinion as poor will still not have money to invest into Bitcoin and incase of they invest and run into bear market then they have to wait for years to get it back or else simple sell it at loss. Poor and investment angle doesn't sync in Bitcoin or any other crypto.

Maybe those who don't eat 3 times a day are on a diet? XD but I know some are just poor. There are people who are rich but won't admit it. I don't know if they are only humble or afraid that someone will do a harm on them. For those people who like you said are not rich (don't have a mansion and luxurious cars) but only has a small savings. They are still poor although not in an extreme level.

I think we can also call them as a middle-class person. No matter what your status are, Bitcoin is created for all. It gives us an opportunity to make more money or to experience on what it looks like to be free from these centralized shits around us.

Bitcoin does not change as an investment scheme, when Bitcoin is created as P2P digital currency, it is packaged with different things, Bitcoin can still be used as currency and it is functioning fine as it is.  It never changes to investment, an asset, or a commodity because these things are packaged when BTC is created. 

Poor people may have difficulty in investing in Bitcoin due to their lack of source of funds but they have access to Bitcoin if they prioritize investing in Bitcoin rather than feeding themselves and their family.

I understand Bitcoin's original purpose and your concerns are valid. Bitcoin, a decentralized currency that symbolises financial freedom and independence from established institutions, has been kidnapped by investors. Its currently more known as a gold-like asset to hoard than a currency.

Lets address your issue regarding the poor not investing in Bitcoin. Indeed. Using Bitcoin as an investment instead of a transactional currency marginalizes those without enough capital. The truth is painful, but we must accept it.

In a bear market, Bitcoin investors with low funds could lose everything. Its disturbing that the wealthiest keep becoming richer while the poor get worse. I recognize the serious issues here and the need for financial awareness and caution, especially for the poor.

Not only poor but also each and every status of people, Bitcoins provide equal amount of opportunities. These people should know that Bitcoins are rare and fixed in supply. This only signifies that in a longer run, when the demand to accumulate the coin will increase, there will be scarcity of coins, so the price will go up. So whenever the price comes down, just buy the coin irrespective of price, and do long term investment. Opportunity comes very rarely, do make the most profit out of it.

The potential of bitcoin is undeniable, but the problem for poor people is whether they can buy bitcoin or not. Many people in the third world cannot even have enough main meals during the day so investing in bitcoin is impossible for them. But bitcoin actually gives them an opportunity over other assets because they can start investing in bitcoin with whatever savings they have. It does not require too much money like other investments. Furthermore, accumulating little by little is also something that other assets cannot do better than bitcoin.

Yeah this whole uneducated thing is nonsense. Everyone's going to learn whatever they want from the internet and believe in whatever opinions are being written on the internet whether or not they have gone to school.

Unfortunately, most poor people don't have the courage and capabilities to put their money at risk. Indeed, it was a great opportunity for them and for everyone but can urge them to consider investing in Bitcoin, they also have some priorities in life more than making an investment. Most of them are financially illiterate and there is no other thing on their mind but to just survive and be content with what they have now.

Investment needs money and the poor don't have that much start(I'm talking about those who are really poor). A reason why we can hear that Bitcoin is only for rich people.

If it's this easy like you've said, everyone would have invested in Bitcoin right now, it's true that Real estate and stocks requires more money to make profit, but money is why many aren't into Bitcoin yet, apart from the haters that believe Bitcoin will fail one day, there are still many people that can't afford to invest even $10 into Bitcoin, the condition of your country can be easier than the condition of other countries, people are really lamenting in today's world.

I was a poor guy too, I came from a poor home, my parents are not completely poor but we are rated average, we eat twice daily while some families eat three times daily, I slowly get myself up with crypto and that through airdrop, mining and claiming faucets around the clock, today it's hard to make money free from crypto.

Now it's better to learn a skill and use that to progress online or offline, everyone conditions are different, poor people can't come near any investment idea, to them they only want to survive and eat some food every day, if you talk to them about investment they won't listen to you, it's the least of what they want right now.

Investing money is still very risky and to play such risks you need good capital, that's why many are advancing people to only invest what they can afford to lose, the poor don't have the money that they are ready to lose.

Yes, that's right, not without reason because they will definitely prefer to fulfill their needs for today. I don't think they're unwilling to do that, but it's a very heavy sacrifice they have to make. I think they will also be happy to invest if their economic situation is relatively good. But that's not the case, sometimes they have to think about tomorrow. Especially now in a situation where almost everything is experiencing price hikes, of course it will make it more difficult for them.
They are not unwilling, but circumstances make it difficult to start investing.

@NotATether  I totally agree with you, that everyone with a minimal education and internet access can learn anything that they want, all depends of their willness and motivation.

I was talking of really iliteracy people, those who can't read or write

https://worldpopulationreview.com/country-rankings/literacy-rate-by-country


But i don't think that it is a "nonsense"


@digaran at least you have access to internet also you know how to read and write right? My point was for people who don't even know how to read, those are clear uneducated.

https://www.zippia.com/advice/how-many-people-use-the-internet/#:~:text=38%25%20of%20the%20world's%20population,the%20internet%2C%20As%20of%202022.

Bitcoin is basically created for everyone rich and poor everyone can use it, everyone has the opportunity to use Bitcoin. People who use Bitcoin invest in the hope of profiting from it, and Bitcoin investment does not require anyone's permission, Bitcoin is open to everyone, and Bitcoin is an independent currency that everyone can use for their needs. If an investor holds on to Bitcoin for a long period of time, then good profits await him in the future. If there is a fraction of bitcoins, then surely you will be able to earn from it at one time. And of course, if you want to invest, you should never do it without understanding, but you should make a good decision and refrain from investing in altcoin. And for the long term, it is definitely safe to invest in Bitcoin there.

Bitcoin gives opportunity to the poor but not everyone grabs it or can grab it even. Its value swings like a rollercoaster so if you're struggling to make ends meet, you might not want to risk what little money you have on something so uncertain.

But maybe we can break the connotation that bitcoin is only for rich people, its for people from different financial backgrounds who have the knowledge, the access access to tech, and the money that they can afford to lose.

Bitcoin was created for both the poor people and the rich and both take advantage of it. There is a wrong concept or simply rumors about Bitcoin that you can't invest a small amount in Bitcoin instead if you have a small investment then do invest it in some other works because Bitcoin needs a large investment. This is totally a wrong concept you can invest even a small fund in bitcoins and it is possible, that making a small investment will give you a small return and have low risk. The risk is not only related to Bitcoin but also to the real state. What if you invest in a real state and a neutral disaster comes which has always the chance of coming so risk may be involved in both? you can invest in Bitcoin and at the same time you can use it as a payment system and this makes Bitcoin different and unique. Not others have such special features as Bitcoin.

Yeah sure there are lot of opportunities offered by Bitcoin but there are factors that could prevent the poor from utilizing the opportunity offers by Bitcoin because one thing is the opportunity and the next thing is the capital or funds to utilize it, because there are people that wish to come into Bitcoin but lack the funds and in most cases even when they manage to invest a little they have it could take time for them to start seeing a profit because of how small there investment is and if at some point the price moves against them they could feel very bad were as there means of surviving depends on the profit they will make from there, so that's why most poor people sees Bitcoin as a rich men investments because is only people that has money that invest huge  and expect a greater returns.

Sometimes, the biggest hindrance on why people dont really make themselves progressive is on the time that they do really just tolerate that kind of mindset on which its not really true or not with those facts.

Bitcoin is for rich people? No its not and if you are really just that been wary on how you could really be able to deal with it, then you could really be able to take advantage and if you are good enough then you could really be able to make money or profits if you are really that good on doing it but of course it would really be just only into those people who are really that serious on towards progressing their lives
and this is why they do really take out this action. Its true that it does give out that kind of opportunity but it would really be just depending or according on how well you do deal towards it.

Dont make yourself that too much desperate because it would really be just creating that kind of impulsive approach on which we know that this isnt something that recommended on
doing so because on the time that you would really be like this, then you are really that prone to errors.

I don't really agree with the statement 'bitcoin makes the poor rich' but I agree with the title of your topic 'bitcoin gives opportunities to the poor'

with the increasingly limited number of bitcoins and also the increasing price, the number of poor people who are interested in buying bitcoins is small, but if they have a strong intention to change their fate, then buy bitcoins regularly and use bitcoins as an investment, then they are doing the right thing, but I doubt they would do that, usually poor people care more about what they eat today than what they will eat next year.

Bitcoin is synonymous with new financial transaction technology. Actually, I think the author said it could happen. Because many people have changed with their economic situation after getting to know bitcoin. But I think it's not much, I agree with you poor people tend to think about meeting basic needs only. So their mindset is that maybe to live 1 day is very difficult and a little impossible to set aside money for Bitcoin. There are other contributing factors that have to be met and I think that's hard to happen.

If we want to be honest, you can buy a small amount of shares if you want. Also, just like you need a lot of money to make a good profit from these shares, you need the same for Bitcoin because if you buy for let's say $100, you won't see any super impressive amount either. It isn't magic over here, I most times like to think that Bitcoin simply brought transparency.

Absolutely, Bitcoin gives the opportunity to earn not only for poor people, it gives everyone the opportunity to earn.

It doesn't matter that the people who want to invest in Bitcoin he must be rich, poor people can also invest in Bitcoin (with less money) , but invest money that you can easily afford. :)

bitcoin is an open market that is open to any kind of individual, and it involves capacity and willingness because not every person who has the capacity has the willingness to buy so it is all a matter of choice and interest, bitcoin is not even rare since is very much available for everyone in the market and the only thing I see is that is better to know the exact period of time to buy so that you don't buy when the price is high so that the profit will be of value to you when you buy when the price is low. if the investor can key into holding for a long then some tests have been passed then.




The question you asked if the poor can buy Bitcoin hope you did not forget that you can buy in fractions until your desired goal is reached but the problem I feel most of us have is our act of disbelief they feel everything is a scam has far its coming from online but that is a very wrong mentality.  and adding to what you said about bills majority of us have a bunch of bills to deal with but sometimes with proper planning. standard of living is damn high to even keep up with, and that is the sweetest part about Bitcoin with some amount of money you will own your own bitcoin.

Actually, I think Bitcoin can provide an opportunity to improve finances for poor people, as the OP said. But of course it will never be easy because there are many influencing factors, such as each person's different conditions and finances.
But I think you are right, because I also think that "poor people" according to my perception they will not be interested in any investment, sometimes they are not interested because most of them are still closed to existing technological developments and they have low self-esteem, feel inadequate and think it is not something that is suitable for themselves and their current financial condition.

Yes you are right, I completely agree with your opinion. That it is better for us to focus on improving our own skills to change and improve our finances in the future.
We know that Bitcoin does provide opportunities for anyone to improve their finances. But the problem is that not everyone is interested in the world of cryptocurrency and we know that opportunities to improve our finances do not only come from crypto or Bitcoin alone.
The most important thing is that we always try to be better in the future by making clear efforts and having goals for the efforts we make.

For some people who are still closed off from technological developments, this doesn't have any impact, maybe for them they just think about how they can find work that they can do so that getting income to meet their needs is enough. Everyone can learn if they really want to invest in Bitcoin and this can be additional income if they really do it well. You are right, it is better for us to develop our potential and be able to generate a lot of income and we must always try to be better than before.

Another way of looking at it is that the view of bitcoin can vary depending on each country.
example:

An apartment in my country costs approximately $15,000.
If I had $15,000 in bitcoin, I could buy it more easily using bitcoin as a means of payment than using my local currency.

Due to inflation, the local currency is devalued, therefore businesses have adopted its use. Although it is easy to pay with this method, it is difficult to obtain bitcoins, for reasons such as poverty, ignorance, currency exchange, etc.

It could be said that bitcoin in countries with poverty is used more bitcoin with a vision of commerce and not so much with a vision of investment.

In retrospect, I just noticed something about a very good video on the situation of BotCoiners in Africa. A small error in thinking, which, by the way, many people like to overlook.

There is no real value added to the BitCoin today. The value is exclusively money, and in many cases the money is only borrowed. Today, the network has between 14,000 and 16,000 active full nodes. This means that the BitCoins are stored as a data record on these full nodes. Let's assume, hypothetically, that someone goes there, let's call him Satoshi Nakamoto again, and this person gives away 750,000 BitCoin from his stock - a reported 1.1 million BitCoin - for a specific purpose. For example, the purpose could be to place more full nodes on the planet with people in one's own living environment. Everyone who installs a Full Node gets a quarter of a BitCoin as a gift, as soon as this Full Node has registered with a qualified address in the network. A moratorium is applied to this quarter of BitCoin. In the form of a moratorium, the Viretel BitCoin may not be realised. The moratorium is set for seven years. Until then, the BitCoin may not be used for sale and may not be moved to another address.

Let's go one step further. Yes, I can very well understand the idea that in communities, the BitCoin can be a way of justly building prosperity. Let's further assume that the condition of quarter BitCoin is linked to the fact that people in their immediate environment - community - start inviting others to join the full node. To run a business, a school, a library, a garden, a small farm, a handicraft business, a programming shop for peer-to-peer applications, a small company that connects people to the Full Node, and and and and and many more ideas. The value exchange takes place exclusively via the Full Node. If cash is needed for payments in the non-digital world, there is a kind of exchange office that provides cash. Or, preferentially, the payment from one Full Node to the next is carried out through the compensation of services - value creation.

And all this over the next 7 years due to the moratorium on the total amount of BitCoins donated into this concept. So 750,000 BitCoin at the current speculative value of 18.75 billion Euros from Satoshi Nakamoto's portfolio would be made available.

What would happen? What would the scenario look like?

Why is like that is that Bitcoin investment can be achieved within short time and you can use any amount of money you feel like to invest in bitcoin investment, what I really understand in real estate business is that before you join such investment you most have money and the money you most large amounts of money to establish the business and real estate business do have a lesser disadvantages or risk for the investment compare to other investment because no much loss in real estate the only way you can have lose in such business is when nobody want to buy when you needed but the long your housing stays the longer it appreciate in real estate management

Which types of poor people you mean that they have the opportunity from Bitcoin.  What I really mean is that if you say poor, there are many types of poor people who are not reached by the internet.  They are detached from all this.  So to use Bitcoin you have to at least get off that poor list.
But undoubtedly Bitcoin is a revolution that everyone can benefit from. But what you mentioned is that the poor will also get the opportunity not only in trading but also in many cases the lower class people are getting many opportunities if they have skills. I have also seen many people who have treated their own relatives from signature campaign by just ranking up in this forum, there are also many students who are earning extra money through this signature campaign.  Moreover, many are earning through their own service provided.

The human world give you credit  for the resources, Bitcoin will accurately record them for you.

Poor people don't need Bitcoin. They need simple survival. These people have no time for all this. They have completely different concerns.
In addition, their information flow is very limited. Even though we all live in the world of the Internet information web. There is no means to buy a basic computer with which you can learn something about blockchain technology and its derivatives. It is for these reasons that they will never get out of their financial situation.
Yes, another important factor that plays a significant role is time. Time spent reading, studying, self-education. There is no money for such processes, since the search for funds for food takes all the time.

Bitcoin could provide the poor financial hope, I agree. The internet allows everybody to participate in global finance, making it an equaliser. Yet, its not a universal answer.

Its obvious that not everyone will like cryptocurrencies. Because of their circumstances or lack of technological knowledge, many people may feel this world is not for them.

I agree. Improving one's abilities and knowledge is crucial in crypto. Knowing more helps us use these tools to improve our finances. You're right: consistent work and defined goals are key. Move forward and seek chances, in Bitcoin or elsewhere

What reason do you have to assert that poor people don't need bitcoin? Bitcoin is only for rich people and only rich people need it? I am a poor person and I need bitcoins. Bitcoin is a decentralized asset and everyone who wants freedom needs it because it is the only decentralized asset and is divided equally to anyone who needs it. But the problem that poor people are facing is that they do not have money to own it, but if they constantly strive and fight to improve their lives, bitcoin will be the perfect choice for them than any other. Bitcoin is for everyone who believes and knows how to seize opportunities.

Just because something is labelled as a currency doesn't mean it's not an investment. As soon as you buy a currency that is not the FIAT money from the country where you live in, where you pay your bills and receive your salary, it becomes an investment. Because all currencies fluctuate to each other we are going to make a profit or loss over time holding different currencies. Buying USD today for example for most people in the world is going to increase or decrease your value in the future. In that regard crypto currencies and Bitcoin are the exact same, every day the price changes to the Euro, Dollar or other major currencies. Bitcoin only stops to become an investment if we would deal our whole life only in Bitcoin, which is not really realistic at the moment. In the future this might change, but until then we should look at Bitcoins also as a currency and an investment. My main focus would still be to treat it as a currency, because it doesn't generate any income and any profit only comes from price increases. 

Well, you don't need to invest tons of money if you can't. Even $50 every month will be good for your future. There are no doubts that BTC will go 2x or 3x from the current situation, it's only a matter of time. If you don't think so and worry about BTC, then maybe it's just not for you.

All assets have volatility, including national currencies. But their volatility is not as great as bitcoin, they are not so volatile while bitcoin volatility can even go up to 10-20% in an hour. Therefore, it cannot be said that all volatile assets are the same, we cannot equate bitcoin with fiat currency. But bitcoin can still be used as currency if there is an agreement between two parties despite its volatility, but for it to become a currency that is popular and widely accepted as fiat, I do not think that will happen. It cannot be denied that extreme volatility is also what prevents bitcoin from becoming a currency.

The time frame for investing in bitcoin is typically not short, especially if you want to hold it for a very long time. However, if you want to engage in daily trading, that is an entirely distinct issue. One advantage of bitcoin is that you can get started with at least $10, as opposed to real estate, which actually costs a lot of money to set up even if it is profitable. People will always require a place to live, making true real estate less risky and more demanded. If not for the fact that bitcoin is a very good investment for the future, the volatility of the price of bitcoin carries its own risk.

Your analysis shows that labels, like calling something a currency, can hide other aspects of it. Your words are true: buying a foreign currency is an investment. What happens when the fluctuation is so irregular its hard to keep up? Bitcoin and other cryptocurrencies have that trait. Compared to fiat currencies, this attribute makes them unique. They become more of an investment than a daily cash. Your perspective gently reminds us to view Bitcoin as a money and investment. Yes, we should classify it as a currency since it doesnt create income and its value fluctuates.

Therefore, it is not too suitable if we analogise bitcoin to one group or one particular caste because in the end something like this will still be lame where in the end the context of bitcoin suitability remains in accordance with those who want it no matter whether they are poor or rich.

Not everyone can fit bitcoin but all can get the same opportunity if they want bitcoin for them to be able to adopt but something like that obviously there must be a desire from oneself regardless of whether he is someone who is rich or poor actually it doesn't really matter because the most important thing is our own desire and confidence in bitcoin.

Well, even the united state dollars is an investment for some people most especially in third world countries with weak economic growth, development and activities..
For example, here in Nigeria, the dollar has been rising against our local currency which is the naira, and what did they say is the reason?, they said there is a shortage of dollars in our country, and for the first time, $1 dollar traded for over a thousand naira last week, now I can only imagine how much money or profit those who bought dollars several months ago and held must have made in just last week..

A big man in my street here was said to have bought over a hundred thousand dollars earlier this year when a dollar was around 500 naira, imagine how much he made as profit right now, just in less than a year..

So yeah, if people can actually invest in fiat currencies, I see nothing wrong seeing bitcoin as an asset to be invested in, rather than a currency to be spent, for all I care, any currency to turn into an asset for any body that wants it so.

That's not how the economy works, if you have $1000 it will always be $1000, what happens is that the devaluation in your country makes you believe that it has more money but that's not the case, it's just an illusion because the prices of things in relation to your currency will increase even more than before, so your friend is only avoiding the devaluation of his local currency by buying $, but in reality he will only be able to buy what he could buy previously and if the devaluation continues + inflation, he could reach the point of That $1000 won't be enough in the future for what you can buy with it now.

I agree poor people are far behind bitcoin they struggle to meet the basic needs of life they find it difficult to lead a proper life and survive after eating. In that case they don't have money to invest the biggest one is a lack of education and a large number of people have access to basic banking services but struggle with low financial resilience. Because they are in debt and have little savings or income security they are vulnerable to economic shocks due to lack of quality assets.

As a crypto payment gateway, we appreciate your perspective on Bitcoin's role as an investment and its potential to provide opportunities for those who may not have had access to traditional investment avenues. Indeed, Bitcoin's divisibility allows individuals to start with whatever amount they can afford, which is a unique advantage.

While some argue that Bitcoin's primary purpose is as a currency, it's important to recognize that Bitcoin has evolved to serve multiple functions. It can act as both a currency for everyday transactions and an investment asset for long-term wealth preservation and growth. This dual nature adds to its versatility and appeal.

At https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks , we understand the significance of cryptocurrencies like Bitcoin in expanding financial inclusion. We are committed to providing a seamless and secure crypto payment gateway that empowers businesses and individuals to harness the benefits of digital currencies. If you have any questions or require assistance with crypto payments or Coinremitter's services, please feel free to reach out. We are here to support you in your cryptocurrency journey.

Hi. I just saw this documental on youtube:

Documentary: How Bitcoin Enforces Human Rights | Anita Posch (https://www.youtube.com/watch?v=AXLiwrrk3sk)

I think that it belong here, it basically talk about the how the "regulated" system discriminate the poor.

It is something long to see but it embrace the use of bitcoin againts dictatorships, over regulated institutions and how bitcoin help to people with some human rights

    Bitcoin is not just for the impoverished; it is for everybody who is willing to accept it. This is a chance for everybody who believes in it.
Many large corporations, including Honda, Dell, Samsung, and various microbusiness merchants, have already integrated Bitcoin in their operations.

   You can get it right now if you have the ability to buy Bitcoin in the amount you can afford. Either you wish to earn money here, or you can save for the future. However, it is mainly wealthy individuals that invest here for long-term gain.

I wouldn't completely say that it is mainly only wealthy individuals that invest in bitcoin for the long term, anybody, both the supposedly poor people, middle class and the rich, can indeed invest in bitcoin for the long term, or let me just put it like this, this set of people actually do invest in bitcoin for the long term, all it takes is, for the person to discover bitcoin and understand its potentials, have something they are doing like a job or business or hand work that is bringing steady income to the person, such person can buy or invest in bitcoin and leave it there for as long as he or she wants, as long as such person like i said before, have other reliable source of income.

The only reason why its like its always hard for some people to hold their bitcoin for the long term is due to lack of reliable or dependable source of income, if a person can have a good of income they can depend on, i do not see why it should be difficult for such a person to buy and hold bitcoin for long term, regardless of financial status, rich or poor, or middle class.