Create wealth first before the use of bitcoin

[TheUltraElite]

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.

[1714696770]

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[Nuraiuii]

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.

[spiker777]

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..

[cloirecrom]

not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.

[Z-tight]

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

BTC doesn't really create wealth the way you think it, except you were a very early adopter who probably mined BTC without the need for expensive machines and a mining farm, but if you are a new investor whom just started buying BTC not too long ago, don't expect to get wealthy, and for you to even buy BTC you must have fiat, and the amount of fiat you can allocate will depend on the kind of job and how much you are paid in real life. Many people in rural areas are paid small salaries, and from it they take care of themselves, so even if the decide to buy BTC, they would only afford a small amount of it, and even if BTC grows to another all time high it can't make them wealthy.

[yazher]

Honestly, bitcoin itself cannot be a source of income because it's just some money where also you need to invest or use as your capital to grow it. Most newbies have been victimized by their ignorant of these basics and they often fall into the scammer's trap where they were lured to invest in some Ponzi scheme-like investment thinking it was the all-bitcoin concept we are talking about here. That's why when they promote bitcoins to others, they really need to expand their explanations in order to save the people from getting victims to the scammers by promising them passive income by using the name of bitcoins.

[Ndabagi01]

The main motive of bitcoin I think is to save money just like the local bank where you stored money. Investing and creating wealth is a secondary aspect of it that cannot be denied. The fact that many rural areas are limited to internet and access to global advanced technology, there’s need to check who you’re taking the awareness to in order to know their availability of access to it. A basic knowledge is not only required to learn bitcoin but a continuous and vigorous learning is important to become a master at it.

[Jody.Drummer]

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 stigma and mindset must be slightly changed in this regard.
We know bitcoin is very good but it's not for day to day income I think especially for new people.
The emphasis that Investment must be made and of course the risks and consequences of being here must also be informed from the start so that they understand that this is not to facilitate themselves and produce in the near future.
Regardless of being rich or not, I don't think it really matters because the most important thing is whether you want it or not. As long as they have a half-assed view then I don't think it's very good for them to be here.

[Franctoshi]

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

Do you mean Before Knowing Bitcoin?, or before investing in Bitcoin?. If knowing Bitcoin then your are wrong, getting to know or the knowledge about Bitcoin does not have anything to do with poverty.
Too it's wise to first get to know about Bitcoin ( knowledge about what you wanna invest in) to actually start any investment into Bitcoin.
Therefore, to know Bitcoin is a different thing, while if you talk about being financially stable before investing in BTC then I think I somehow agreed  with you.

[Gallar]

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.

What must be remembered, bitcoin is a digital currency asset, which is widely used for investment. So, of course, if you want to invest in bitcoin, you must have aspects that support this investment.
for example PCs, cellphones, money, accounts, and of course a stable network signal.
and it must be remembered too, that many bitcoins make long-term investments, so that means while waiting for bitcoin assets to be sold profitably, you must have income that continues to flow every day.
so in conclusion investing does require economic stability.

[Ucy]

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 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.

What rural area are you referring to? Is it a village or town? The bolded parts of your post doesn't really mix well as I always assume a rural area unlike town is a settlement with few dwellers.

In regards to the topic, don't always assume that anyone who looks rural is poor or battling with poverty. The typical rural people own animals, lands, grow their own foods etc. I think decentralized tech could expose them to more knowledgeable people who live similar lifestyle, understand them better and have things they need to live a better and more healthy lifestyle, like good and affordable healthcare system, homes, education, etc. basically things that can be towed to their community when they need them. When it comes to providing internet access, we could get them the decentralized alternative that is easy to deploy and more suitable for such settlement. I think true cryptocurrency community have lots of libertarian minded people and the likes (excluding the evil/worthless anarchy) who are at the position to help advance such society in a unique manner.

[Sayeds56]

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 agree with your opinion that access to internet is primary need & very important for massive adoption of Bitcoin because it provides access to  infrastructure to hold and transfer crypts currencies but unfortunately internet access is not equally  available to  every citizen of the world, in many countries its access is limited.
People in many countries use community based internet service where it is difficult to afford mobile internet which can be used to
To promote adoption of Bitcoin, governments should should focus on  economic growth because when overall economy improves in any country, its benefits trickle down & people get extra money to spend make some saving out of it to buy Bitcoin which is the best investment for long term.

[Agbe]

Create wealth first before the use of bitcoin

That is hilarious, though it is possible if only the person is from a silver spoon family. How can a poor background family. If not it is not easy to create wealth before investing on bitcoin. There are three or five classes of people in the living society. The wealthy, Rice and the poor but some people use to input working class. All the same. Now how can someone that is working in the poor category with have enough money to invest. Investment can be done from the home if the parents are good in bitcoin. The question I will like to ask the op is that how do we become wealthy as you said, before investing on bitcoin.?

[BRINIRHA]

of course building our financial condition to be better is our main focus. and bitcoin investment can only be done if we have money left over after meeting all the needs of our daily life. and only invest in moderation, namely within normal limits. don't be greedy and hasty. buy little by little. of the rest of the money we make. so we don't feel heavy if the value goes down first before finally increasing when the bull run market comes. and invest in other things too. and we should always have a backup plan and also a backup investment.

[Reatim]

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.

don't make things more difficult mate , rural areas may be for the poor but don't underestimate them of having funds dedicated for their future meaning they can keep the Bitcoin on hold for years till it is available in that said areas or if the value increases and make them rich? then they can easily leave that rural area and live in more decent place .
so let them have their way of investing because none of us forcing them to do so but we are letting them to decide for their future.

[dansus021]

not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.

You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.

Some media usually talk about negative side even we are still learning this till day right.

[Sayeds56]

not to mention rural area, a lot people enter crypto at bull market only for $$$
they don't even  understand what the technology behind it, nor knowing how it works.
it's not like you buy bitcoin = auto profit. you need to understand the market just like trading on forex, future, option etc.

You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.

Some media usually talk about negative side even we are still learning this till day right.

Generally, people who don't have in depth knowledge about crypto space, they perceive crypto currencies as get-rich--quick scheme (which is not true) & become victim of scammers. There are scammers in every industry who cheat innocent people by portraying rosy picture of their product and offer un-imaginable returns. Strict regulations are badly needed to remove bad players form crypto to build confidence of genuine investors for continuous progress of this industry.

[MarjorieZimmermanGinger]

You are really true about this, usually when people hear about crypto is between this a great opportunity and can make a lot money of it, or scammer place.

Knowledge is required before one starts entering the market and it is true what is said “that bitcoin is a way of making money” but it is not crypto which is still common. I honestly haven't heard of anyone losing money investing in bitcoin, but those who do understand the concept of the bitcoin journey, except for those who don't know bitcoin and then invest at the wrong time and cut their losses when the market corrects

Sometimes panic only makes things worse, when they can still wait for recovery before cutting losses in the event of a correction. If invested properly, I believe that bitcoin will never make people lose.

Some media usually talk about negative side even we are still learning this till day right.

The function of the media is to make news and broadcasts, even they adjust the need for something that is being discussed, negative personalities are the editorial part they are trying to influence, there are still many media that speak positively about the journey of bitcoin, they are not contaminated with the government and adjust the needs.

And never worry, people will realize the best side that has been produced by bitcoin. That awareness will grow, when many people start to see the important aspects of investing in bitcoin that are able to maintain investment value in the long term.

[Fivestar4everMVP]

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.

Well, in as much as you are right in your perspective, i think there is nothing wrong in them knowing about bitcoin even in their poverty, this might help some of them that might have been in search of such opportunity to change their life and view of things.

Let me use myself as an example, i was once a poor retched guy with absolutely no hope of anything good in my future, i was working a 6 to 8 job with a salary that can not carry me and my family till the next salary, i used to borrow to feed, and when i get my salary, i will pay off the loan and borrow again..
Until i discovered bitcoin and cryptocurrency, i didnt own a smart phone neither did i own a computer, i had to hustle to buy a smart phone, started earning free satoshies through faucets back in 2015, then found this forum in 2016, and started participating in airdrops, that was how i got to where i am today...

So personally, i see nothing wrong in letting those in the rural areas know about bitcoin, those who are really hungry for a change will find a way to benefit from all that bitcoin offers.