Does Bitcoin Help The Poor

[Obito]

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This is the other concern about this topic. I think they could learn it because they don't have any choice but to adopt the new currency when Bitcoin replaced fiat in the future. And for those who have no gadgets, I hope that the Government will provide everything that we need in order to be prepare in the new future, then later on, we'll just see that everyone is doing great on using cryptocurrency as our main currency.

Depending on your government will not get you that far, you know how bureaucracy is still a problem. And those people that are in power will not always put the welfare of their people, the one in need. If adoption was that easy, we should have done already.

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[JoKleinTopper]

I don't really think so. it's hard for the poor to know about btc, let along buying it. Wealthy become richer through btc, poor people stay plain.

[KEN G]

Not possible. First of all, the poor may not have enough money to have an account to trade Bitcoin. Second, Bitcoin may be more risky than the poor can afford. Finally, the poor have very little understanding of investment, which may put them in a more impoverished state.

[KEN H]

Bitcoin can help the poor to a certain extent. When the time is right, Bitcoin can enable the poor to obtain substantial benefits in a short period of time. But at the same time, it will also make the poor get rich overnight, so that the poor will no longer work.

[KEN K]

Bitcoin can help the poor obtain certain benefits, but it may be difficult to get rich.

[ultrloa]

Not possible. First of all, the poor may not have enough money to have an account to trade Bitcoin. Second, Bitcoin may be more risky than the poor can afford. Finally, the poor have very little understanding of investment, which may put them in a more impoverished state.

Why not if you are skilled enough to do some task offered by so many people here provably you can earn some money here, remember earning with bitcoins doesn't need any diploma or resume the only thing you need is skill and hardwork to get a job.

Remember earning bitcoin is not only for rich people or for buying it since there are so many ways to earn it without spending any bucks.

Bitcoin can help the poor obtain certain benefits, but it may be difficult to get rich.

Nothing is impossible for people who is dedicated on their craft so if you like bitcoin and believe on its technology maybe you should find some way to gain skilled and enhance it and maybe from this you can earn richest that you can't imagine that will came to you.

[Flowzer]

In my country, some of people do bounty hunter and airdrop hunter. Most of them are low-middle class person, they really have income from this field and i think the idea is bitcoin help the poor is true. Since if no Bitcoin  then maybe no cryptocurrency space at this time. Also its helps some middle-high person do mining to get cryptocurrency rewards.

[youdacapt]

In my own opinion; i think bitcoin helps the poor, the average, the rich; infact bitcoin helps everyone. starting from the pandemic angle; crypto currency has helped reduce the effects of the pandemic because people were encouraged to make payments on the blockchain. If we then add the trading, investment and the hunt for bitcoin by individuals in the world; you would agree that bitcoin helps everyone

[samputin]

I agree bitcoin helps the poor, but that is only for people who want to try to make money from bitcoin. If they just wait without doing something, they will not get anything and can not solve their finances. If they only bought bitcoin without doing nothing except wait, that will not good because they need to have money, and they will not get that money if they do not do something. If they can buy and sell bitcoin, they will make money from the profit they can use to buy their daily needs.

How can people buy bitcoin if they are poor? That's true about buying ang selling bitcoin, but how can we do that? I have solution on how bitcoin helps the poor! Like this signature campaign, we earn through advertising this campaign. And our salary will be use in trading. Trading really helps to grow our money, patient is the key. You know what I am pointing is? Wait the high price.

This is a simple way to get out in poverty using bitcoin.

[arowana33]

People ask why they should buy and support bitcoin.
Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.

Bitcoin has shown its profitability for "poor" people, mainly from developing countries.
But at this point fees and transaction time are too high to use it, so I guess this mission lay down on altcoins now.

[GbitG]

As I am new to this but feeling its really helping many even not for poor but good for many those are going with skills and not able to go on work now can do much things just because of this technology bitcoin is reducing many issues which was doing very bad in middle class peoples and lower income in developing countries now they can increase the level of life with this because very few time and good earning is really possible.

[Alfreed]

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

[GeorgeJohn]

Actually it's obvious that bitcoin will help immensely to enrichment people and eradicate levels of poverty in different societies, shall let us call it a day.
normally bitcoin helped in different dimension because with the existence of cryptocurrency people are enable to transact when ever them feel like sending money to the relatives without much stress, so op is right because is obvious that cryptocurrency in general has reduce the level of stress via sending money across another country without passing much strategies in fiat banking system, I think with that alone it's applause to satoshi.

[shoreno]

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

if i say that i can buy btc but my money is only 1 dollar , do you think i am rich ? no . not all who buy btc are rich and also not those that who own a nokia phones are poor .

bitcoin is not a government , btc dont have a people behind it so how can btc distribute the help  . the only way i think btc can help is when people also join btc , they can get help by earning profits .

[AndySt]

People ask why they should buy and support bitcoin.
One good reason.
Bitcoin helps the poor

They are not poor people if they have opportunity to buy even a part of Bitcoin. Poor are those who had never heard about crypto, use Nokia 1100 or even wire phones and never had computers. They are really poor and Bitcoin has no opportunity to help them. Crypto can help only clever traders or miners to earn some money

if i say that i can buy btc but my money is only 1 dollar , do you think i am rich ? no . not all who buy btc are rich and also not those that who own a nokia phones are poor .
bitcoin is not a government , btc dont have a people behind it so how can btc distribute the help  . the only way i think btc can help is when people also join btc , they can get help by earning profits .

There can be no universal answer to this question, but really at this point in time, we still have to state that bitcoin can bring much more benefit to the middle and wealthy segments of society in terms of investment and speculation than to the poor. Although it can be recalled that bitcoin is sometimes used by migrant workers who have left to work in another country for cross-border transfers to not the richest members of their family.

[k@suy]

if i say that i can buy btc but my money is only 1 dollar , do you think i am rich ? no . not all who buy btc are rich and also not those that who own a nokia phones are poor .

bitcoin is not a government , btc dont have a people behind it so how can btc distribute the help  . the only way i think btc can help is when people also join btc , they can get help by earning profits .

Yes, what I am thinking is, people believe that their luck or their future depends on bitcoin, maybe yes it can help many people if they know how to manage finances correctly but then if you will invest small amount do you expect to receive same amount or higher amount than that? The answer is no, people need to be hardworking enough for them to not to be poor again and to learn new is what will help them to not be poor again.

[acener]

I agree that it really does help the poor but only if the poor could use and manage it properly.
Sometimes the problem with the poor is how they handle their income that is why they stay poor.
They tend to spend more to boost their social status, Buy the things that aren't really necessary for them.

[marcbitcoins]

People ask why they should buy and support bitcoin.
#2  BTC allows immigrants to send money to families back home  Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.

There are large percentage of overseas workers sends money home every month by western union which is very expensive but If this can be made easily via Bitcoin it could be the preferred way of sending money for foreign workers in the whole world, making Bitcoin a cheap alternative to transfer money will be a really big help to them.

[NathanielParker]

It depends on how help is to be construed here. Normally, the word help in the phrase help the poor refers to services, products, programs, and the like which would uplift the condition of the poor. In this case, Bitcoin is not really making the lives of these people better in terms of their economic status. To illustrate it more clearly, Bitcoin can never put food on a poor man's table. Bitcoin cannot send poor little children to school. Bitcoin cannot provide roof over the heads of a poor family. Bitcoin cannot provide clothing.

It also depends on which poor are we referring to. If we are referring to the poor as in poor, those who are mired in abject poverty, they are beyond the reach of Bitcoin. If Bitcoin provides banking services to the poor, it does not include those who are really poor. If Bitcoin provides cheap and fast remittance services to the poor, it still doesn't cover the real poor of society.

it's possible that some people, they heard about bitcoin and bought it. but people who did that is really few. I have a classmate who did bitcoin mining last year and got a little bitcoin costing $50,000......

[KEN O]

I do not agree with many of the above points. Can Bitcoin help the poor?
First of all, the poor may not have many ways to access Bitcoin, let alone understand how to invest in Bitcoin. Second, since they are poor, will the poor have extra money to invest in Bitcoin? Finally, for the poor, the most important thing should be survival, not life.
This is my understanding.