Do you think bitcoin redistributes wealth or just makes the wealthy richer?

[letstalkbitcoin2]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

bitcoin is not a promzy scheme, hence the idea is not to redistribute wealth, but to make persons who are willings to take risk, calculated risk richer. The mindset of the investor matters alot, bitcoin doesnt make you rich over but when you take out time to study the market trends and the zeal to invest is in you then the sky is your starting point.

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[peacefulpeace]

bitcoin isnt a promzy, hence the idea is not to redistribute wealth, but to make persons who are willings to take calculated risk richer. The mindset of the investor matters alot, bitcoin doesnt make you rich overnight but when you take out time to study the market trends and the zeal to invest is in you then you are on a verge to getting richer.

[bohr]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Bitcoin specifically, and crytpo generally, doesn't do anything magical in regards to redistribution. Even if the whole world was denominated in Bitcoin, it wouldn't mean anything for redistribution. Redistribution takes active effort, and Bitcoin doesn't actively do anything on it's own. Asking if Bitcoin has a redistribution effect is the same as asking if the USD has a redistribution effect. The answer is no, because both are representations of wealth and don't address wealth inequality or wealth distribution. I don't know where the notion of Bitcoin having anything to do with wealth equality even came from, but many people seem to have this notion that it's a magic bullet that will solve all the world's economic problems, and that notion is silly and has no basis in fact.

The great advantage of bitcoin is that it does not steal from you using the inflation tax, the wealthy can invest in all kind of assets and they have a very small amount of cash available if you compare it to the size of their assets which means they are not that affected by inflation since their assets go up with the inflation but for the rest of the people that cannot do that and keep most of their savings in fiat they lose a lot of money every year, making the rich even richer.

[BigDig]

The price of entry into the crypto market is very small in comparison with the stock. It can be concluded that crypto is more friendly to poor people than traditional markets. Since it is possible to earn money on the crypto market, in this sense it redistributes wealth.

[solkinsolali]

Bitcoin investment or a form of business whichever way you want to look at it is like every other businesses or investment. Whoever has more to invest, we always have the lion share of the market. Although Bitcoin is open to all, but the rich tends to benefit far more from it because the rich can actually hodl during a long time of market downturn. But the poor may not be, because they will need immediate thing to feed with.

[Acsirp]

I think bitcoin redistribute the wealth, but the distribution is according to the amount of capital you invest in bitcoin, it is not that you invest small, you will gain big benefits , the wealth is maybe according in ratios , if you invest big then you will gain huge profits ,while if you invest small then you will get a little profits also ,so it is distributed properly.

[fonenumba]

Many people became rich thanks to the crypto currency. But that to achieve success in this business you need to work hard, to explore the market and be patient. It all depends on the ability to manage your time and money.

[patarfweefwee]

If you want a redistributiin of wealth then move to a socialist country. Like every currency, Bitcoin doesn't redistribute wealth, it is mearly an economic system than gives opportunity to produce wealth. Since almost everyone lives in a cspital nation, anything we earned we keep. So yeah, it just makes the rich richer, but gives us the opportunity to be rich as well.

[anntlevel]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Bitcoin specifically, and crytpo generally, doesn't do anything magical in regards to redistribution. Even if the whole world was denominated in Bitcoin, it wouldn't mean anything for redistribution. Redistribution takes active effort, and Bitcoin doesn't actively do anything on it's own. Asking if Bitcoin has a redistribution effect is the same as asking if the USD has a redistribution effect. The answer is no, because both are representations of wealth and don't address wealth inequality or wealth distribution. I don't know where the notion of Bitcoin having anything to do with wealth equality even came from, but many people seem to have this notion that it's a magic bullet that will solve all the world's economic problems, and that notion is silly and has no basis in fact.

The great advantage of bitcoin is that it does not steal from you using the inflation tax, the wealthy can invest in all kind of assets and they have a very small amount of cash available if you compare it to the size of their assets which means they are not that affected by inflation since their assets go up with the inflation but for the rest of the people that cannot do that and keep most of their savings in fiat they lose a lot of money every year, making the rich even richer.

Yeah this is the case with bitcoin. They are not easily affected with the inflation as fiat money often do. This save people from huge losses and they can easily earn money through it. So don’t just let things die in their own shell. Rather use them as they are only for your service. Don’t just hesitate to get into this world of bitcoin and make amazing money.

[jaysabi]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Bitcoin specifically, and crytpo generally, doesn't do anything magical in regards to redistribution. Even if the whole world was denominated in Bitcoin, it wouldn't mean anything for redistribution. Redistribution takes active effort, and Bitcoin doesn't actively do anything on it's own. Asking if Bitcoin has a redistribution effect is the same as asking if the USD has a redistribution effect. The answer is no, because both are representations of wealth and don't address wealth inequality or wealth distribution. I don't know where the notion of Bitcoin having anything to do with wealth equality even came from, but many people seem to have this notion that it's a magic bullet that will solve all the world's economic problems, and that notion is silly and has no basis in fact.

The great advantage of bitcoin is that it does not steal from you using the inflation tax, the wealthy can invest in all kind of assets and they have a very small amount of cash available if you compare it to the size of their assets which means they are not that affected by inflation since their assets go up with the inflation but for the rest of the people that cannot do that and keep most of their savings in fiat they lose a lot of money every year, making the rich even richer.

Yeah this is the case with bitcoin. They are not easily affected with the inflation as fiat money often do. This save people from huge losses and they can easily earn money through it. So don’t just let things die in their own shell. Rather use them as they are only for your service. Don’t just hesitate to get into this world of bitcoin and make amazing money.

Bitcoin hasn't been around anywhere near long enough to talk about what it does in relation to inflation. Even if it had been, the track record is absolutely horrendous in terms of protecting value. If you're investing in Bitcoin to protect yourself from the 1-2% loss of value due to inflation per year, you have to be ignoring the substantial risk of 60% loss of value that Bitcoin is prone to suffer in any given year. That's an idiotic way to manage risk and basically cutting off your nose to spite your face.

[xSkylarx]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

As for me, it makes rich people richer but thay it because rich people are willing to take all the risks of investing here. The bigger risks that they take the bigger profit thay they could gain. However, we are all still fair in crypto because all of us could earn here depending on how we work to gain a good earning.

[Samaaliu]

The wealth created by Bitcoin is not evenly distributed. It is tilted more towards the rich and wealthy people who seems to have invested more.

[donalfonso]

I fail to see how bit coin redistribute's wealth or any other crypto for that matter, what it can do is create opportunities for people to aquire wealth and even the already wealthy will find a way to make the entire ecosystem work in their favour

[Tuyul_Dollar]

Bitcoin is a forum to work with a system of providing wealth with corporate profits using online media according to the hard work of each follower. Bitcoin gets results from the company because it has become a forum for it. By this we are mutually beneficial and gain wealth from the company that has been assisted.

[Cinemo]

Just that... do you think there is any re-distribution effect at all due to bitcoin?

Cause bitcoin is a start, I support cryptocurrency even its own home. Cause I support the market will continue in science, but its value for those who has worked with cryptocurrency and technology in your own site for the future. I believe that bitcoin e. Cause we all knew that bitcoin

[checkmatesir]

Well I think that bitcoin redistributes wealth because just like me,I am not wealthy but because of bitcoin I can be able to support my daily needs and have enough money for my future.I am so thankful that bitcoin came into my life because it really helps me financially.

    To some extent it is right that poor people can also make money from cryptocurrency. It means that it is not only for rich people. Everyone can invest in it and can earn profits. By this way an average or poor person will also become rich. Bitcoin provides this opportunity to everyone and that’s the reason that you can say that bitcoin redistribute money.

[Yarsk]

Off course bitcoin redistribute wealth but at the same time it only those that have the money to invest I'm bitcoin that still partake in the distribution, bitcoin is not just given just like that you have to own it. And again bitcoin as a financial revolution in the world financial system give it user the total freedom over they found.

[stimliall]

BTC and cryptocurrencies make the rich richer!
The poor can recognize that the risk is much smaller than the rich, they will not invest too much in the cryptocurrency, and the rich will invest a lot of assets to invest, many rich people who invested in BTC early have now earned Profit investment!
BTC and cryptocurrency are not games for the poor!

[Duzter]

Upon the investment made, and in this regard wealthy people were the one who makes large scale investments. The common people just cannot invest big, but they try to earn through different sources available. Also common users doesn't have the potential to hold it long, but the wealthy people does it. This makes it a redistribution of wealth to the rich than the common users.

[siracunas]

In a roundabout way I feel that is what is continuous right now yes. The assets themselves won't originate from the rich since they will probably thrive from cryptos however I think the individuals who take the time and push to take in the business remain to profit a considerable measure. Straightforwardly anyway the assets are originating from some place and keeping in mind that it might make many individuals somewhat less fortunate I figure the measure of individuals that pick up from this industry will be beneficial and I think it give a net constructive outcome to the world.