Create wealth first before the use of bitcoin

[Pablo-wood]

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

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[mk4]

Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.

[batang_bitcoin]

It is a very nice job to tell people about bitcoin because it is the major currency in the world. 

Major cryptocurrency.

In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

There's no requirement for being an investor to bitcoin and I think people from rural areas are more eager to own bitcoin because after they understand the concept of bitcoin, that might push them to start investing and accumulating it.
Although, it's a valid point that most rural areas have slack in internet connection and not everyone there understands the new technologies that are emerging, there's just a need to spread awareness and have some education and awareness drive about bitcoin and it'll be a good progress to the citizens out there.

[Antonas1]

A lot of people buy bitcoin because of this word: "investment". It's like a tradition and that's also what they tell others that "bitcoin is an investment". In a rude way, I have to say those are people who want to get rich quick by buying Bitcoins. If you do it in rural communities, or people with minimal knowledge, believe me, one day you will feel very guilty. Don't continue that tradition.

[Zaguru12]

Personally I look at the people I take bitcoin awareness to. People in rural area or aged people without Internet knowledge are often out of reach for bitcoin Investments, maybe In the future the use of USSD code for bitcoin transaction will help spread it information to these people. But right now we can say that its out of there reach.

Another thing is what level of wealth do one needs to have to invest in bitcoin. At this point I think If one could spare at least $1 a day then the person will be able invest in bitcoin you don't really need to amase excess wealth to invest in it. The other thing is bitcoin isn't a daily profit thing to actually call an investment. The investment part is for long time holders. So when creating awareness for bitcoin potential investors should be thought that extra wealth is needed to be able to invest for long term

[Baofeng]

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Not sure where you are, but if you will have to check Africa, I think crypto is thriving there because of the things that you have told.

There are no bank access, so what they do, invest on bitcoin, no cell phone? I doubt it, if the continent with poor infrastructure would have mobile phones so what stopping others in other part of the continent.

I think this is just a classic example on how poor people behave though, just saying. You really have to make the best of what you have instead of complaining.

[Beparanf]

I think people in rural area needs to be financially stable first before knowing bitcoin.

You have wrong perception on Bitcoin investment. You don’t need to hold huge amount Bitcoin if you are not financially stable. Even a small piece of Bitcoin will be valuable in the future that will be helpful for people living on rural place to get out of poverty. Bitcoin in general doesn’t promise profit but it’s value is destined to grow in the future due to its cutting edge technology and supply scarcity.

Poverty is already existing since the world begun and until it’s not yet solved since it’s part of the system. You can’t get out of it without doing out the norm such as find a job that gives huge salary, business or investment such as Bitcoin. You don’t need to become financially stable to invest in Bitcoin because you can always start with small amount and just increase base on your financial capabilities.

[rat03gopoh]

I think people in rural area needs to be financially stable first before knowing bitcoin.

Just to get to know bitcoin certainly doesn't need financial criteria. If anyone is able to think logically and critically, they'll be able to decide whether to invest or not when compared to their respective economic conditions.

In addition, investing and using have different goals and practices.

[Rikafip]

Good example of what you are talking about is Central African Republic and its introduction of Bitcoin as a legal tender. This is one of the poorest countries in the world, where vast majority of people don't even have electricity. let alone Internet so what can Bitcoin really do for them? Very little, or nothing.  So instead focusing on getting their country in order first, they rather declared Bitcoin as legal tender, expecting it to help them rise from poverty or whatnot.

You don’t need to become financially stable to invest in Bitcoin because you can always start with small amount and just increase base on your financial capabilities.

You don't have to be rich, but you still have to have some financial stability as you are supposed to buy bitcoin (if you gonna use it as an investment) with money that you can afford to lose. If you are having barely enough money to get by and no saving, I don't think that it is a smart thing to invest in bitcoin. Rather sort our your finance first and then start investing.

[Anguwa]

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

The awareness in rural areas is actually very good, there is no limit to learning, and you must not be in urban or developed place before investing in bitcoin. Investing in bitcoin is a choice, everyone can do that regardless of your location if you actually knows everything about it, and you have basic knowledge about how the blockchain works then you are good to go. I can be in a rural are and have interest in Bitcoin then, I will just go out and look for network then place my investment.

[Doan9269]

In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, 

Reach out to them in the rural places and teach them about bitcoin, how they can invest on profitable asset like bitcoin, they are believed to be most farmers, if they sell thier farm produce and realize the money or interest made from it, they can use it to invest and buy the dip and hodl, when the bullrun ofcourse, they can make a food realization of interest with thier investment.

and how can bitcoin be used when majority don't have access to Internet.

The rural areas may not have a good or stable internet but there's certainty that most of them do have the provisioned for it, there's bitcoin no internet transaction that is ongoing where by you can make transactions without the internet connectivity using a mobile phone device.

I think people in rural area needs to be financially stable first before knowing bitcoin.

One of the best way to this financial stability is through the introduction of bitcoin, since it's something that can help improve their livelihood by increasing thier income source and provide a secured means to having their assets stored on the blockchain.

[jrrsparkles]

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world.  In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Creating awareness is good but instead of promoting the bitcoin usage first thing to tell them about the centralized monetary system and why we are stuck in the poverty or middle class even though we earn more than previous years, no matter how hard we work we can't able to reach financial stability.

Bitcoin is a tool to overcome this centralized monetary system however it doesn't provide income unless you're earning bitcoin and able to hold it so creating awareness about saving and investing should be the priority than promoting bitcoin for such people.

[LittleBitFunny]

Why is it necessary to stabilize the economy before investing in bitcoin? Are you talking about the risks that bitcoin can bring to them? Bitcoin is like gold or other investments, it is just a profitable investment channel and, of course, comes with risks. Anyone can invest in bitcoin as long as they have the will to get better in the future then they can invest in it, do not wait until there is a stable economy to invest in bitcoin because then you will miss many opportunities. You can also become economically stable if you invest in bitcoin properly.

[CryptoHeadlineNews]

In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty,  and how can bitcoin be used when majority don't have access to Internet.  I think people in rural area needs to be financially stable first before knowing bitcoin.

Yes.. I agree with what you just said above, because to own Bitcoin one needs finance, and to be financially free, one needs a job or an on demanding skill, which Bitcoin doesn't offer any of such. But however, that's not enough reason not to speak about what you strongly believe in i.e "Bitcoin" in our various locality, because you don't know who may have heard of such and never knew the right mentor to meet, and you speaking out openly may be an opportunity they may have been waiting for.

But in a community of poor people where there is no internet connection is indeed a wrong place to preach about Bitcoin, because of what use will it be since to practicalized Bitcoin learning, one needs an internet connection

[inthelongrun]

I know many will think it is useless. Maybe it is not worth it knowing the people they were preaching to are living in poverty with no internet. But there is something positive I found, some of these people will realize that there is still hope. Some of the listeners will be empowered. Maybe they should be looking for jobs in the city in order to feed their family and somehow start their own savings little by little and then invest in something that can change their future.

[m2017]

Not only in rural areas, but people in general. Don't get me wrong — bitcoin is GREAT, but it doesn't provide income; it just somewhat gives your savings a boost. I'd personally focus on having a second(or third) source of income first before allocating a bigger chunk of money into bitcoin.

I would call it not "it just somewhat gives your savings a boost", but it allows you to save the value of your savings, to compensate for rising inflation at the expense of your own growth.

You can invest in bitcoin even from one source of income, even if this source is small. Some part, big or small. Depending on how much you are willing to risk. Each individual case should be considered individually.

[lovesmayfamilis]

If there is no internet in your area, there is certainly no question of any investment. Just don't think about it. Rural people in my country are far from being fully educated. The only thing they have is television, on which they spend time in the evenings, taking a break from work. The Internet, if it exists in the villages, is not of interest to the villagers.
But sometimes we see people who do not agree with their life in the countryside move to areas where there is advanced technology. What prevents them in this case from gaining knowledge about bitcoin? I think nothing. All you need is a desire and a job that pays enough to be able to set aside some funds for investments. Therefore, everything depends on the person who decides how and where to build his life.

[Apocollapse]

Bitcoin is mostly used for investment except you're live in El Salvador or Central African Republic where you can use Bitcoin as legal tender to buy groceries, pay bills, buy foods etc. This mean even though you're not a rich person, you can use Bitcoin as a currency and don't need to think about the volatility. If you're want to use Bitcoin as investment, of course you must have enough wealth first. It's similar like you want to invest in the other assets.

[Frankolala]

Everybody needs bitcoin awareness irrespective of your area or location to help the adoption of bitcoin widely. The people in the rural area are the ones that needs this awareness mostly because they can decide to save the money they gets from the small scale business, and moreover there is always a rich man and business people in rural areas,there are also markets and they sell or lease their lands to strangers or to agricultural investors.

As for their poverty stage,I agree with that but nobody knows tomorrow, a man in the rural area can be rich tomorrow and decide to move to the city,if he is aware on bitcoin he can choose to invest. Just the way we need fiat currency is also the same way we need bitcion because it is a digital currency with a greater benefits when you hodl. People in this rural areas do have savings,as for internet service, it is in the rural area,since every network provider in a country covers both the rural and urban areas,it will only take the network provider s to provide their services there because it will be a competition,the larger their coverage the more money they make.

[spectre71]

Many don't have access to a banking system or it's cost prohibitive to do so or don't meet the criteria.

Bitcoin can provide that service very cheaply. Additionally able to receive monies from relatives abroad.

The minimum entry point is a smart phone.