Is BTC only for middle and upper economic class?

[v0rtecxz]

All free to access bitcoin no one forbids it to enjoy it or run it, as long as he understands about bitcoin and uses it properly, bitcoin only requires internet access, which is currently not hard to get everybody can or understand, and no economic difference using this bitcoin , Unless the local government prohibits the use of bitcoin or government to block internet access in the area so that ordinary citizens can not enjoy it

[Vikingr]

In my area bitcoin is not to used by any particular type of class but it is used by any person of our country who have access to internet. No one have any restriction on it and everyone is using it with full freedom.

[lionheart78]

All free to access bitcoin no one forbids it to enjoy it or run it, as long as he understands about bitcoin and uses it properly, bitcoin only requires internet access, which is currently not hard to get everybody can or understand, and no economic difference using this bitcoin , Unless the local government prohibits the use of bitcoin or government to block internet access in the area so that ordinary citizens can not enjoy it

I agree that everyone regardless of social and financial status can access Bitcoin, those who have no financial capability to buy bitcoin can have it through working and be paid with bitcoins.  There are lots of member here that were knowledgeable but does not have money to buy bitcoins offer their services to earn bitcoins.   So I guess bitcoins give opportunity to all classes to participate in its economy.

[hermanhs09]

Definitely not... People who are poor are still using bitcoin on a daily basis, a lot of people here on this forum arent even from first world countries. As long as you have access to internet you have access to bitcoin, its not something that is only aimed at the rich at all.

[hermanhs09]

Definitely not... People who are poor are still using bitcoin on a daily basis, a lot of people here on this forum arent even from first world countries. As long as you have access to internet you have access to bitcoin, its not something that is only aimed at the rich at all.

I disagree with you. Poor people can't use bitcoin because it's expensive itself and its transfer fee also is really high. I can claim that in many countries, conventional bank wire is much chepaer than bitcoin transaction. Nowadays, it can be used by only middle and high class people.

lol you kidding me?

take a look at bank transfer fees overseas and compare that to bitcoin transaction fees.

you'll see a huge difference. someone working remotely overseas would be losing out on hundreds of dollars per year if they were using traditional banking system compared to btc

[zarados]

Definitely not... People who are poor are still using bitcoin on a daily basis, a lot of people here on this forum arent even from first world countries. As long as you have access to internet you have access to bitcoin, its not something that is only aimed at the rich at all.

In other words, all circles can have bitcoin because to get it you just need access to the internet, and also know how to get it and understand what kind of benefits. For access to the internet even the poor can, Maybe they just need a little curiosity, and the spirit to try something new.

[orions.belt19]

Bitcoin is not exclusive to a social class, and is free for anyone to use. However, to use and gain knowledge about Bitcoin it is inevitable that one would need access to internet and devices for use like a smartphone or laptops, which most lower class don't have access to. Also, you would need money in using Bitcoin. So Bitcoin may be available to everyone and every class but perhaps is not accessible to the low class of society.

[Russlenat]

Definitely not... People who are poor are still using bitcoin on a daily basis, a lot of people here on this forum arent even from first world countries. As long as you have access to internet you have access to bitcoin, its not something that is only aimed at the rich at all.

In other words, all circles can have bitcoin because to get it you just need access to the internet, and also know how to get it and understand what kind of benefits. For access to the internet even the poor can, Maybe they just need a little curiosity, and the spirit to try something new.

Yes that's true!, bitcoin can be used all of us especially to those who have access to internet, some people didn't know the real value of bitcoin until they see some of my bitcoin earnings so they now also want to know bitcoin.

[mrcash02]

hello..Please your opinion.

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

Does anyone forbid the low/poor class to use Bitcoins? I don't think so... If you aren't seeing them using this it's because they just don't have interest in Bitcoins. I believe everywhere people have computers and cell-phones, and if they don't have it, there are places where they can pay to use a computer for an hour or so (lan-house).

If the poor class have interest in Bitcoins, they can save the maximum money as possible to buy it, even if it's $10 monthly. I really don't know why they aren't doing it as they can be the most benefited from Bitcoin volatility in price, maybe they are waiting for a miracle to change their lifes...

[DOGE12321]

 First of all not many people know about Bitcoin. The Bitcoin community is a minority. And of the people who know, many have never actually possessed 1 entire Bitcoin. Bitcoin price is high and will only get higher, so in order to gain possession of 1 Bitcoin, one would need to be at least middle economic class.

However, Bitcoin can basically be used by anyone who has internet and the money to buy Bitcoin. Moreover, you can also earn Bitcoin by working; just ask your employer to pay you in Bitcoin.

Moreover, you can purchase a fraction of a Bitcoin. You do not necessarily have to possess 1 Bitcoin. Even by owning 1 Satoshi, you are technically part of the Bitcoin community; although not a very big part.

Plus there has even been a recent push to 'rename' Bitcoin. Some users want it referred to as mBTC. This would still equal about $2.50 and can be utilise by every member of every economic class if they have access to the internet.

[Doms]

We have to realize that bitcoin is still in its early stages of existence and both the lower and upper class will take a while to know what it is all about. Banks have been around for quite a while but still a huge number of people remain unbanked. Stocks have been around also, but even the middle class hardly invest in them. So I don't expect bitcoin to be any different.

[Wesimon]

hello..Please your opinion.

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

We all know that Bitcoin is a digital currency. Unlike any other currency such as Dollars and Euros, bitcoin is not printed or it cannot be reproduced as that simple as conventional money. If we're going to analyse the usage of bitcoin, for the developing countries, the popularity of bitcoin is still low which maybe less than 5%. How much more in the slow developing countries. It would take so long to adapt bitcoin's usage because it depends on how much knowledge you have using our technology. It would require someone to use internet and computer in order to earn and learn bitcoin.

In our country, I think there is only 1% of the population who really knows what bitcoin is. But the are some establishments who accepts bitcoin as mode of payment.

But it is a good fact that bitcoin is open for everyone regardless of what society you belong as you are knowledgeable in using it.

[NathanJB]

hello..Please your opinion.

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

Same here in my place. The issue is primarily of poverty. Poor people here in my place don't have the access to internet. If they have it is only through internet shops. They cannot spend their entire day also as the internet price per hour is a bit expensive. They don't have internet in their homes. Their whole lives are basically spent to look for food in order to survive. They don't have the chance to explore some modern features of life such as this BTC thing.

[paul gatt]

hello..Please your opinion.

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

3% is a big number for bitcoin, you should feel good about it. In my country, 100 million people, but only a few thousand know bitcoin. Rate too low, be proud that your country is a developed country.

[dunfida]

hello..Please your opinion.

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

Bitcoin doesnt matter on what status you do have in your life. Lowest to highest could able to use it as long you do have the internet connection to engage with it and the thing i can say in the situation you have said is that the adoption or awareness of bitcoin into your place is just less which those who have internet mostly would able to notify about bitcoins existence thru internet since they do have the advantage on owning or having web connection which is mainly needed.

[ASHLIUSZ]

We have to realize that bitcoin is still in its early stages of existence and both the lower and upper class will take a while to know what it is all about. Banks have been around for quite a while but still a huge number of people remain unbanked. Stocks have been around also, but even the middle class hardly invest in them. So I don't expect bitcoin to be any different.

Yes, bitcoin is in its early days. We are just 8-9 years away from the introduction of bitcoin. In this short time period it has got good number of users around the world. The same will take bitcoin grow bigger and importantly bitcoin is not that easily learned. Just because of this the present users seems to be middle and upper economic people.

[mk4]

hello..Please your opinion.

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

In my country only a small percentage of the people knows bitcoin too, but they only know it as a moneymaking scheme  . Anyway, to answer your question, I think bitcoin is only for the mid-lower class upto the higher class. Since in my country, even the poor people have smartphones (the cheaper Samsung models). But definitely not everyone can afford food, what more smartphones?

[noictib]

hello..Please your opinion.

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

Here only newbie can talk about such things because they are not yet familiar with such things , in my country about 10% of the population knows about the Bitcoin and 5-6% of the population is using the Bitcoin ( which is not a small number ) .
So in my opinion the best thing for us is that we can join and make advantage of Bitcoin is every possible way , regardless of the fact that from which category we belong .
Here I myself is from the middle category , who is making a decent amount of earnings , and also there are many friends which belongs from lower as well as upper category and making successful work with Bitcoin with bulk earnings .

[Kyraishi]

hello..Please your opinion.

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

The fact that you don't need any sort of income to get a bitcoin address, and you can create many of them, as much as you'd like to, and every single one is usable without any sort of government intervention means that bitcoin is perfectly useful and usable for the lower income classes.

Credit cards are only available for people who have a stable income, bank accounts have monthly fees. These are aimed at the middle and upper economic classes, but bitcoin is the exact opposite of that in my opinion.

In fact, i'd actually go on a limb here and say that most of the people using bitcoin earn less than $40,000 a year, because there are a lot of users from poorer countries. Bitcoin definitely has the ability to help the unbanked(the people who don't have access to banking services).

[ladydark]

hello..Please your opinion.

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

Bitcoin is created for the benefit of all people both rich and the poor.But today,unfortunately,due to the high increase in price,poor are no more able to buy a whole bitcoin.Only they coulkd do is to buy either 0.1 btc or 0.01 btc.Also due to the need for powerful ASICs to mine bitcoin,poor people are no more able to mine bitcoins.