Does Bitcoin Help The Poor

[Sebas.tian]

Yes, I was one of the poor bitcoin has helped. I started trading with bitcoin with $4k over 6 years, when i was  a fresh graduate who was searching for job opportunity but job was not yet coming at then. To God be the glory between 3 to 4 I was trading with bitcoin, i became a millionaire from my investment .
Bitcoin is still helping more poor people in the country, who are ready to know all about cryptocurrency and how someone can use it to enrich his self in the country. Many government that legalized cryptocurrency in their country  has done everything possible to create a conducive environment for their citizens to become a rich men in the country.

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[Peanutswar]

I remember about a man who invested in the bitcoin and he holds this coin for a long time and when he thinks this is the right time to make a pull out he gives himself a note to help other people with this income which is a good thing because for this simple life it's quite hard to survive if you don't have any jobs just to sustain all of your needs. I can't find out where I saw that but still, this is a good move to help with the use of the bitcoin.

[FlightyPouch]

I remember about a man who invested in the bitcoin and he holds this coin for a long time and when he thinks this is the right time to make a pull out he gives himself a note to help other people with this income which is a good thing because for this simple life it's quite hard to survive if you don't have any jobs just to sustain all of your needs. I can't find out where I saw that but still, this is a good move to help with the use of the bitcoin.

Here's the thing about poor people. When you give them something like food, they will immediately consume that because they are not like those people that have something to spend and they can save that food. In terms of bitcoin or money, when you give it to them they will use it because they don't have enough money to use for their essentials.

I agree that it will help the mid-people especially the rich but in terms of poor people, I mean the poor people, I don't think so.

[konflikkastil]

I also have my share of how BTC and other coins has been of help to me to help sort most of my immediate needs and making me to have more to save, spend and also to invest again. I started with less $500 and with my continu- ous persistent I never give up and now. It has paid big time for me. But I want us to know that this BTC helping the poor is not an over night thing, it is never going to happen in just a day. It takes weeks, months and sometim- es years before you can achieve that, but you have to dete- termine never to give up. That is the most important thing.

[Dragonfund]

Bitcoin doesn't just help the poor, it elevate the poor from their little state of mind and bring them to the state of rich. Imagine buying Bitcoin around $100 for the last 8 years and then you wake up from plumber and then realize that a pair worth about $40k. The joy within you will have no bound. That's why, it's advisable to diversify a portfolio because you never know which one that will outperform the other.
I am also an example, if not holding of bitcoin, trading and doing freelance as a job for my self, I don't know where I would have been for the past 3 years but despite the difficulties, the downtrend, we are still here waxing stronger and hoping for better days ahead.

[Snappycoco]

Very poor people doesn't have the tools to know bitcoin. I don't think they know this technology as well as giving them the chance to adopt. I believe this

#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.

is for those low income OFW's who doesn't want to have that big fees from remittance centers. Furthermore, BTC has helped the middle income earners than those who literally have nothing.

[blackened515]

Yes, I was one of the poor bitcoin has helped. I started trading with bitcoin with $4k over 6 years, when i was  a fresh graduate who was searching for job opportunity but job was not yet coming at then. To God be the glory between 3 to 4 I was trading with bitcoin, i became a millionaire from my investment .

That's a great news to hear from your step by step investment plan, but do you know the poor can't afford to start with $4k as you did? Of course that's a big amount of money, if the poor can start performing some micro task like airdrop and bounties, it'd would be more better for them to go far as you did, so basically, bitcoin is for those with little sum of money and must have had knowledge about it.

[Swordsoffreedom]

There is no room for doubt that Bitcoin, directly and indirectly, helps the poor. I know many students who have invested in Bitcoin and they are managing their tuition fees by investing in it Bitcoin. I have even informed many jobless people about Bitcoin and made them interested in investing in it. They have invested in BTC and are now bearing the cost themselves. Which has resulted in the financial development of their families. Their dignity in society has improved a lot. Social development occurs only when the quality of life is improved. The effect of which can be seen on all the rich and poor people of the society.

[Twentyonepaylots]

Bitcoin is generous to those able to invest in it, and in the case of the impoverished, we are not really sure if they are benefitting from bitcoin since most of them will focus on fulfilling their essentials rather than these things. Still, I believe that with bitcoin's high purchasing power, it will be veey beneficial to everyone when globally adopted.

There is no room for doubt that Bitcoin, directly and indirectly, helps the poor. I know many students who have invested in Bitcoin and they are managing their tuition fees by investing in it Bitcoin. I have even informed many jobless people about Bitcoin and made them interested in investing in it. They have invested in BTC and are now bearing the cost themselves. Which has resulted in the financial development of their families. Their dignity in society has improved a lot. Social development occurs only when the quality of life is improved. The effect of which can be seen on all the rich and poor people of the society.

You have a point, but I think what OP meant when he said "poor" are those who are at the lowest echelons of our society, not those who are relatively able to invest some of their finances in bitcoin.

[sniveel]

Poor people in poor countries don't have any knowledge or information about bitcoin or other cryptocurencies. It helps with those people who have the power to invest on it but I am not saying that it can't really help. People can do bounties or join programs which can they earn rewards such as btc, eth, and tokens without any funds to invest.

[Twinkledoe]

There is no room for doubt that Bitcoin, directly and indirectly, helps the poor. I know many students who have invested in Bitcoin and they are managing their tuition fees by investing in it Bitcoin. I have even informed many jobless people about Bitcoin and made them interested in investing in it. They have invested in BTC and are now bearing the cost themselves. Which has resulted in the financial development of their families. Their dignity in society has improved a lot. Social development occurs only when the quality of life is improved. The effect of which can be seen on all the rich and poor people of the society.

And I believe not only investing in bitcoin, but just look at here in the forum alone. Don't go too far. These bounties, whether btc-paying or token-paying campaigns, I believe, a lot of people are benefitting from it, whether you are in third world or first world countries, or you are poor or in the middle class status. I have seen here that a lot of these bounty hunters, they are like, it is their main source of income already especially during this pandemic.