ven7net
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December 14, 2022, 02:42:20 PM |
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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.
You're right! I myself am from the countryside and got acquainted with Bitcoin only after we had the Internet, I earned some money and bought a laptop, although a smartphone is enough to get acquainted with BTC. As you can see in my example, I had to earn money first to get access to information about Bitcoin and this is a big problem especially for rural areas. But it's okay, the world is developing and the countryside too, which means there will soon be even more people who learn about Bitcoin.
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Crypto-Ivan
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December 15, 2022, 03:12:50 AM |
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Everyone can invest in Bitcoin, and people in rural areas must not only maintain financial stability before investing in Bitcoin, but more importantly, raise Bitcoin awareness. When they understand Bitcoin and how to make money, they may be more eager to own Bitcoin, which prompts them to start investing and accumulating Bitcoin to improve their economic situation.
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Poker Player
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December 15, 2022, 04:21:27 AM |
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The OP is not misguided. I know there is a lot of Bitcoin maximalist on this forum, but it is better to have a minimum of savings before accumulating Bitcoin, I would say a minimum of 3 months of easily accessible cash expenses, and from there, accumulate. 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.
Well, that is actually relative, in bull markets you can make partial sales and it provides you with income to be declared in your income tax return. Making an analogy, I prefer a stock that does not give dividends and gives a 10% annual return, being able to sell 5% each year than a stock that gives me 3% dividends and does not grow.
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Sebas.tian
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December 15, 2022, 05:35:02 AM |
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think people in rural area needs to be financially stable first before knowing bitcoin.
You don't need to create wealth or financially stable before you can know Bitcoin in the rural areas, and all you need to do is to have positive mindset that you want to know Bitcoin and how it works for people that know it in the community. If you are Rich and you don't know Bitcoin you cannot use it to grow your wealth like other people that learned digital currency from a facilitator are doing well in some rural areas. Bitcoin is an asset you need to study very well before investing your capital, because it can dump through out the half years and pump few months before dumping again, which is part of some of the things rural areas people need to focus on in the community.
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Dickiy
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December 15, 2022, 10:34:56 AM |
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I'm a country person, my village is far from being economically established and there are always a lot of disturbances on the internet network, but that doesn't mean you can't know Bitcoin, for me knowing Bitcoin is important to know Bitcoin in general, basically it's true that bitcoin investment really needs stability economy. At least their daily needs are met. but my view on investing depends on how we keep the money we have and save the rest to invest in Bitcoin. the rest of my spending from shopping for necessities can collect as much as $40 per month, and I make it my investment fund in Bitcoin for the long term.
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xSkylarx
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December 15, 2022, 02:40:03 PM |
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I'm a country person, my village is far from being economically established and there are always a lot of disturbances on the internet network, but that doesn't mean you can't know Bitcoin, for me knowing Bitcoin is important to know Bitcoin in general, basically it's true that bitcoin investment really needs stability economy. At least their daily needs are met. but my view on investing depends on how we keep the money we have and save the rest to invest in Bitcoin. the rest of my spending from shopping for necessities can collect as much as $40 per month, and I make it my investment fund in Bitcoin for the long term.
As long as you have internet no matter how slow or intermittent it is you can really know bitcoin. Social media is one of the sources that people who are in remote area knows bitcoin since i am sure one of his/her friends would open up a topic about bitcoin and then your curiosity starts on it. Managing our investment is really the key as we know if we know how to handle money then i am sure we can handle our profits from investments.
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akuntester1
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December 15, 2022, 05:28:04 PM |
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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.
I think you are not wrong if you suggest that someone should at least be able to meet their needs first, at least to eat today before investing. But in my opinion, of course there is nothing wrong if someone tries to share or share knowledge about cryptocurrency in rural areas. Even though it's in a remote rural area and there's rarely internet access, there's nothing wrong with sharing information, right? I always think that those who share knowledge and introduce cryptocurrencies don't only introduce cryptocurrencies. But of course they have analyzed and have a plan and they have a goal. Whether the aim is to make rural communities literate towards digital developments or to help rural communities in investing.
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South Park
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December 15, 2022, 06:54:02 PM |
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First and foremost, individuals in rural areas need to be educated about blockchain technology and cryptocurrencies in general. The majority of rural residents lack technical education.The majority of rural areas lack even internet connectivity. Second, I believe that the government should recognize Bitcoin as legal cash so that people will be more inclined to learn more about it and make investments in it.
Never invest in something you are unfamiliar with. 🤪
Would the recognition of bitcoin as legal tender help? I think it could but we cannot count on it, governments know very well what it is at stake here, their fiat currencies have been dominant for so long and they bring them so many benefits that they are not going to give them up just because a new technology appeared, so bitcoin needs to succeed despite the governments, and without a doubt rural areas can be a challenge as in most countries rural areas are nowhere near as developed as urban areas.
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dezoel
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December 15, 2022, 08:45:23 PM |
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When you say wealth, that means large amount of sums but didn't you know that a lot that are involved in bitcoin are poor people? And the reason why they invest is to build wealth. If they are already wealthy then chances are that they won't focus on making more money. I know there are some of them who continues to invest. They are likely scared to go poor or they simply want to build more wealth to become more powerful.
The good thing about BTC compared to any other assets is that it is divisible which means you can invest on it on smaller amounts but the only problem is like you said if the we don't have internet in the place. Not because we don't have phones or computers but there are no cell sites on the place. This was the government's duty already but we can always migrate downtown or in urban places, till the rural areas were developed properly.
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Distinctin
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December 15, 2022, 08:59:15 PM |
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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.
Right. In fact, bitcoin cannot guarantee us sustainable profits because of its market volatility so we should secure first our finances through looking a stable job that can give us fixed income. When there is already good amount of capital that is considered extra money, then we can start investing in bitcoin. We must only consider it a side income, definitely not a main job. Otherwise, we will end up starving again because of extreme poverty.
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Stalker22
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December 15, 2022, 10:55:22 PM |
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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.
Right. In fact, bitcoin cannot guarantee us sustainable profits because of its market volatility so we should secure first our finances through looking a stable job that can give us fixed income. When there is already good amount of capital that is considered extra money, then we can start investing in bitcoin. We must only consider it a side income, definitely not a main job. Otherwise, we will end up starving again because of extreme poverty. True. But that only applies if you look at Bitcoin as an investment, and we should not. Bitcoin is a currency, not an investment. Bitcoin does not produce income, it is not a stock, but it is a currency. We should use it as such.
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GideonGono
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December 20, 2022, 06:25:13 PM |
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For me it is not about wealth it is more about knowledge and financial management. People could use Bitcoin or crypto whenever they want, but they should know how to handle or manage it (Risk Management).
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Mate2237
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December 20, 2022, 09:27:13 PM |
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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.
Bitcoin will give the financial stability so to eliminate the poverty you are talking about is to invest in bitcoin although, in this modern world, there is no typically or remote area that there is no internet service. The only thing you can say is that the internet in some rural areas are facing network issues. Which probably a slow network issue.
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Dzwaafu11
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December 30, 2022, 03:14:17 PM |
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I don't think we should consider that one, that you should create wealth before you use bitcoin, you can still use bitcoin to create wealth. Eg like people in the rural area battling with poverty how can we say we shouldn't spread awareness of bitcoin for them to make the use of it they create wealth
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TheUltraElite
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January 04, 2023, 02:43:24 PM |
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For me it is not about wealth it is more about knowledge and financial management. People could use Bitcoin or crypto whenever they want, but they should know how to handle or manage it (Risk Management). A lot of things are involved in the decision making, knowledge of how bitcoin works and how it can be traded without buying at the wrong time - seems very simple but goes wrong at the wrong time when the quick decisions are taken. Financial management is a more broad term where you have to keep a long term goal. It is more applicable to the mature group of people who are trading for long time and are managing different asset classes easily with good flow. Should be started from the newbie stage though. Bitcoin will give the financial stability so to eliminate the poverty you are talking about is to invest in bitcoin although, in this modern world, there is no typically or remote area that there is no internet service. The only thing you can say is that the internet in some rural areas are facing network issues. Which probably a slow network issue. Elimination of poverty will no happy by just a magic bullet which you assume to be bitcoin. Poverty stems from a large number of factors which need to be worked on first before the people's lives can be improved. It is not going to happen overnight.
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RockBell
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January 04, 2023, 08:34:10 PM |
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You have a point because those who introduce people don't actually tell them the value and the risk behind it which is why you see people taking loans to buy bitcoin. Most people are actually failing to understand the purpose of bitcoin, everyone has this belief that bitcoin is a fast way to make money, I don't see anything bad when it comes to awareness not bad in my region people were seen bitcoin as fraud but just because of does awareness they have actually seen the good in bitcoin, you have a point because those who introduce people don't tell them the basics.
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Terezi
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January 05, 2023, 05:45:49 AM |
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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.
Everyone can invest. They invest in Bitcoin to find ways to make a profit and increase their future wealth. They should be educated about Bitcoin first, and the more they know about Bitcoin, the more they can know that Bitcoin can be a great way to get rich.
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TheUltraElite
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So anyway, I applied as a merit source :)
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January 09, 2023, 03:28:12 PM |
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Everyone can invest. Anyone can, but nobody know what or how to invest their money. The ones who do are no longer whining in forums but making money albeit not everyday but regularly. They invest in Bitcoin to find ways to make a profit and increase their future wealth. They should be educated about Bitcoin first, and the more they know about Bitcoin, the more they can know that Bitcoin can be a great way to get rich. Bitcoin is not a way to get rich - get this out of your head. It is a currency that has a speculative market. Getting rich from bitcoin is by trading on that and that is not a cup of tea. Not everyone here coming into bitcoin has been an early adopter in the two digit prices, some of you have bought bitcoin at five digits and hence you need to be careful. Creating wealth is a bullshit term according to me, the right term is collecting it. Bitcoin will help you because it has advantages over fiat but it will not make anybody rich overnight, for that depends on a lot of factors.
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Nuraiuii
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January 10, 2023, 06:56:46 AM |
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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.
Investing in Bitcoin requires having money to invest and understanding how it works. Everyone can invest in Bitcoin and no qualifications are required. Bitcoin is a long-term investment, and holding it can help people live a freer life.
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spiker777
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January 10, 2023, 07:10:16 AM |
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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 agree with you on this. Bitcoin is just a currency and like any other currency bitcoin itself doesn't provide any income. people can use it as an option to receive their payments or use it as a currency in trading or any other business like dollars or euros in the mainstream world. and that's what people have to understand before getting into bitcoin and using it..
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