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

[ocid]

I think that bitcoin makes richer savvy people who are not afraid to take risks and catch the moment.

You can be rich if you are willing to take risk and that is the nature of life, cryptocurrency is a big help for everyone because in this way people will have more opportunity in their life.

everyone can become rich if they continue to focus on this field, bitcoin makes people become creative and imaginative, many people get a lot of benefits from the work they make and a lot of people who earn money by trading on bitcoin, it's all from cleverness they are thinking of doubling the capital that has been spent in trade.

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[drm]

In some cases you see wealth distribution in others you see a rich person getting richer.
A lot of rich people are not into bitcoin, and a lot of people into bitcoin aren't necessarily rich.

[Hulh]

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

There can be some redistribution effect of Bitcoin but it should be really minuscule. A certain number of people have become rich thanks to Bitcoin, but it is more like redistribution of wealth between the moneybags themselves. They are the ones who can buy bitcoins in big amounts and sell them later booking hefty profits.

Bitcoin is for low, average and high profile yet it is still depend of a person  the willingness to take risk and a make step for his/ her future.  Rich people become wealthy because they are willing to take a risk  and never entertain  fear unlike to some  low profile that they want to  entertain the fear than the opportunity.

[bombie1]

The purpose of bitcoin is not redistribute wealth to everybody in the world besides even if so,some people are unwilling to receive their portion of it.The work of bitcoin is  solve payment problems across borders and peer to peer.

[Hallmader]

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

The problem is that it was mostly the rich who had the guts when Bitcoin was first introduced. There were a lot of ordinary folks of course who believed in Bitcoin when it was still very young. They are already millionaires today. But still I believe that the majority of early adopters were the rich and the advanced in terms of technology and the latest innovation. The poor are always trailing at the back when it comes to the newest developments of the world. Bitcoin offers no such thing as wealth re-distribution.

[wolffy0216]

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

The problem is that it was mostly the rich who had the guts when Bitcoin was first introduced. There were a lot of ordinary folks of course who believed in Bitcoin when it was still very young. They are already millionaires today. But still I believe that the majority of early adopters were the rich and the advanced in terms of technology and the latest innovation. The poor are always trailing at the back when it comes to the newest developments of the world. Bitcoin offers no such thing as wealth re-distribution.

Yes, and only rich have the huge capital to make huge investments and this will surely give them huge profit too, unlike middle to low class people. They also don't afraid to lose more as they still have huge funds.

[cityhall]

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

I am sure there are some re-distribution of wealth.  From a rich man who investing some ICOs to a college boy who doing bounty to support his lifestyle.  Or from a newbie trader who makes a wrong decision to a wealthy rich man with lamborghini in his garage.

[Saveplus]

Bitcoin is open for all levels richer or poorer it can distributes wealth to us especially to those persons who make an effort just to earn a lot of money in crypto.If people work harder to it,we can get a lot of benefits from it.

[jsrenthourse]

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

There are many rich people and celebrities investing in bitcoin. These numbers are increasing so over time, they know the opportunity comes from bitcoin or cryptocurrency. I think anyone can grasp this opportunity and become rich later on

[gerald246kru]

In this market there is no fairness or division of wealth, win in this market for those who are experienced, they are more sophisticated, and know the opportunities for the rise and fall of the market

Exactly. This distribution is reasonable, those who grasp the opportunity are smart people and become rich. Those who fear, lose money, do not believe in bitcoin will still be poor.

[ace1105]

Bitcoin is open for all levels richer or poorer it can distributes wealth to us especially to those persons who make an effort just to earn a lot of money in crypto.If people work harder to it,we can get a lot of benefits from it.

Yes this will all depends on the strategies we will be using to be able to earn huge income from bitcoin, but most of the time the richer become more richer because of their huge funds available to trade.

[migz]

In this market there is no fairness or division of wealth, win in this market for those who are experienced, they are more sophisticated, and know the opportunities for the rise and fall of the market

Exactly. This distribution is reasonable, those who grasp the opportunity are smart people and become rich. Those who fear, lose money, do not believe in bitcoin will still be poor.

Agree. If you don't take the risk to have experience in this new wave of tech, you will be left behind. Sooner or later, computer science will be taught to every children below 10 years old and the use of blockchain will be their new playground. Hence we are very very early, and have lots of opportunity to get more wealth than ever before!

[Betheng10]

I don't know but I do belong in the low class of society as well but I do think that "rich people" didn't get to where they are just by sitting on their chair.

Wealthy people will always have the resources and use it to invest in any opportunities that might arise, but all of them started from the bottom like we are right now.

[ngano ba]

I think that wealth in bitcoin redistribute through ratio and proportion for it goes like this ,if you have huge capital in investing bitcoin considered properly manage will get a high gain also while small capital investment gets a small gain.

[Veronika94]

It is difficult to answer this question.  Many hide their attitude to bitcoin and having it on their wallets.

[Popov_popov]

I read a lot on the Internet, how people earned on bitcoin.  But I never saw them live.  therefore I do not know what to think.

[MarieMoore12]

I think, if lucky, the poor can own the bitcoin, they are a stepping stone for their development. But rich people who own bitcoin, they make them richer if they know to invest in projects that have the potential to grow.

[TIDOVEE]

Bitcoin is not only for the wealthy. The poor can make bitcoin without a dime as long as he or she has the devices and internet around.with the bounty campaign one will make what is good enough to make one wealthy,if the poor is wise.bitcoin is actually a golden opportunity to distribute wealth if one can catch it.

[Marlo0619]

I think both. Because cryptocurrencies like bitcoin helps people to get an extra income. Bitcoin makes people rich and the rich people became more richer. It just depends on the users or the people. If they want to use bitcoin, then it will help them.

[reyanshbasu]

The rich get richer because they know how to make their money work for them. Poor people make themselves poorer because they are not financially educated. Bitcoin has nothing to do with why the poor get poorer and the rich get richer. Bitcoin is a good store of value and if we believe in its objective, then we should take the opportunity to buy whether you are poor or rich. Everyone can buy Bitcoin since its divisible by any amount.