Do you think Bitcoin can end poverty? In a nation today

[Black susano]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

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[Charles-Tim]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

Bitcoin helped, that is true, but it helps those that invested in it. To own bitcoin today, at least you are not leaving below the poverty line.

[Nwada001]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary

You can't eradicate poverty in a whole nation; it can only be reduced. The level to which a nation and its citizens are enlightened and educated, as well as the poverty level in that nation, can be reduced to a minimal level but can't be eradicated. 

Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Don't you also think Bitcoin can make more people in your country poor than they could ever imagine if they are not properly educated about the currency?
 
What if the people, someone who has just a thousand dollars, make a move to buy Bitcoin at this current price of $26,400 with the hope to see $30,000 next week but the market turns against him instead of $30,000, he/she ends up seeing $20,000 without proper knowledge the holder move and sell out his/her holding, will you say Bitcoin has helped him escape poverty or helped him increase his poverty level?

Bitcoin can serve as an investment, but that doesn't necessarily mean it will push poor people out of poverty in an instant. I hope you note that Bitcoin is not a get-rich-quick scheme. 

[DainSLane]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Hi, poverty is a complex issue that requires a multi-faceted approach to address. While Bitcoin may have some benefits in helping individuals control their investments and increase their savings, it is not a panacea for poverty eradication. It's important to continue to work towards creating sustainable and inclusive growth through various initiatives and policies to address poverty at the national level.

[Fiatless]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty cannot be eradicated by a single economic policy. Poverty can be reduced through infrastructural development, employment generation, education, foreign direct investment, and security. People need to be educated to understand bitcoin, they need to be employed to invest in bitcoin and they need adequate infrastructures to engage in bitcoin transactions and trading. Bitcoin might be part of the option to lift people out of poverty but it is not the only solution. Bitcoin needs an enabling environment for it to deliver some of its dividends.

Before I forget, if you stop corruption, most nations will become developed. The government must be sincere and give its citizens freedom to choose their economic paths.

[wajik-tempe]

The use of Bitcoin is still limited to a relatively small portion of the population, and it is not widely accepted as a means of payment in many parts of the world. Additionally, Bitcoin's value is highly volatile, which means that it can lead to both significant gains and losses for investors. Therefore, it may not be a reliable source of income or savings for people living in poverty.
Bitcoin may have some potential to help alleviate poverty, it is unlikely to be a comprehensive solution to the issue. It is important to address poverty through a range of measures that address the root causes and provide long-term solutions for sustainable development.

[Eternad]

Nope. Bitcoin won’t give stable source of income to defeat poverty. Removing a corrupt government and replacing it with someone who can utilize the country manpower and resources will make the poverty vanished. Poverty exist because of the imbalance of wealth distribution in the country. In every poor country, there’s always few people who control the wealth of the country which is the main reason why many people stay poor despite they are doing hard labor every single day.

[goaldigger]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty has been the problem of many countries since then, even if the government created a solution, its not working because people itself don't want to get out of that poverty and just want to remain a beneficiary of the government program.

Bitcoin is not created for this purpose, so I don't expect that if you adopt Bitcoin you'll be out of that poverty because it will still depend on you, it will still depend on how you deal with this market. Bitcoin is too risky and too volatile, there's no assurance on making money so if you invest without the right knowledge, you might become more poor because of that.

[Gozie51]

How will bitcoin that is now @ $26+++ per coin help to eradicate poverty? What means can that happen? You mean by investment or what means if I may ask. Poverty means you are not able to help yourself as an individual, so how much do a poor person have to invest in bitcoin and grow it to an extent to make huge profit and how many years can that be, 4 years, 8 years or 12years depending on the time of halving? A poor person barely feed from hand to mouth and won't have savings for investment. How much fraction of Satoshi you need to invest thereof.

Before I forget, if you stop corruption, most nations will become developed. The government must be sincere and give its citizens freedom to choose their economic paths.

Yes it takes government sincerity to introduce policies that will help the financial growth of the people, like non interest loans spanning a long time. To take people out of poverty the government will have the political will to put her foot on the ground and eschew nepotism, corruption  etc

[teosanru]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

How exactly has bitcoin done this? Please help me with it? I understand people who would have bought Bitcoin luckily at a lower price have made good gains but this doesn't means all the poor got access to it. Also it's just like stock market when it comes to price appreciation so if a poor person would have put money into stocks as well the his fate would have been same only. So I don't agree that it has alleviated poverty of any nation or even 30% of poverty sticken people of any nation.

[xSkylarx]

It is impossible to eradicate prover unless you will give all those poor people money to lift them up from poverty which is impossible to do and there are a lot of people in the world . They can even afford food how much more buying bitcoin? Other will also say to get an education so that they can get out of their situation but education is expensive still it is difficult to achieve. It is really a complex thing and it is very difficult to resolve. Bitcoin can help others life but cant resolve this kind of issue

[KaliLinux]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

Bitcoin helped, that is true, but it helps those that invested in it. To own bitcoin today, at least you are not leaving below the poverty line.

You are so right. How easy will it be for a poor family or individual to invest in Bitcoin while they have not been able to meet their basic needs? This same question has been asked before, Eradicating poverty is a bigger national issue than just some people being able to buy some few Satoshis cos if we really have to talk about getting out of poverty with Bitcoin investment, then we will be looking at buying a while BTCitcoin and above which mean those kinds of people ain't poor, to begin with.

[Yatsan]

In what way? Profit? In order to start you'll need capital and since we are talking about poverty how will that even be possible? Ofcourse there are ways to work for profit in crypto industry but you'd be needing device, internet connection, and knowledge which I think countries suffering from poverty are somehow lacking. To think that this industry could cure the long term problem is absurd. Indeed this industry is profitable but think of the people around you; not everyone is an investor for a reason. It could be because they are aware or afraid of risk because they cannot afford losing or because they don't have that amount for them to put into risk. Proverty is a long term issue and technology won't be able to resolve it, alone.

[ololajulo]

The way I perceive bitcoin enriching the world is a bit different, although cryptocurrency has raised more millionaires than any other venture, I feel it does a different form of wealth transfer. Let's not forget that cryptocurrency also does a four-year cycle, and let's be aware that not everyone made money in cryptocurrency, some lost a lot.

[Synchronice]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

It's very hard for poor people to make savings, especially for those who have hunger problems because they live not only paycheck to paycheck but on social insurance system. Even if they are able to make savings, bitcoin can't help any nation to end poverty. I have no idea why someone even thinks that bitcoin can help to solve any problem related to poverty or joblessness because if no one creates a product, no bitcoin and no gold will fill the demand or create a product out of thin air.
In order to end poverty, people need more access and guidance on education, more investment into farming, including science and technologies that are necessary for creating safe products with minimum work from human's side.

[Rruchi man]

… Bitcoin has helps the poor by Increasing their savings and access to capital...

Do poor people need to save? I think they need to find a way to get more money first, be comfortable and then invest and save. You do not get rich by saving alone, people should understand this. Bitcoin cannot end poverty, it can reduce the number of people and prevent some people from fallen back under the poverty line. If a poor person thinks that his small investment in bitcoin is enough to turn his fortune, he is only living in fantasy.

Bitcoin alone cannot end poverty. There are many causes and factors that result in poverty, and until those factors are addressed, poverty will continue to exist.

According a publication I just read because of curiosity to know the many causes of poverty, there are nine major causes of global poverty:

- INADEQUATE ACCESS TO CLEAN WATER AND NUTRITIOUS FOOD.
- LITTLE OR NO ACCESS TO LIVELIHOODS OR JOBS.
- CONFLICT.
- INEQUALITY.
- POOR EDUCATION.
- CLIMATE CHANGE.
- LACK OF INFRASTRUCTURE.
- LIMITED CAPACITY OF THE GOVERNMENT.
- LACK OF RESERVES.

I found some of these causes interesting and difficult to believe until I read in details. If it interests you, you can read in the details the nine major causes of poverty HERE.

[boyptc]

There were a lot of success stories about people that have changed their lives by having profits in bitcoin and through investing on it. Many have earned their bitcoins through various ways and there goes the most common way of having it through buying it.

Poverty is a big thing for most countries that are known can't tackle this problem. And there are rich countries as well but still have some bit of percentage of poverty through their citizens that lives far from the city. 

Dealing with poverty is so hard and it shouldn't be just taken by the people who are on that line but also the government has to do something about it. It's not new that there are a lot of bitcoin holders that have been on that line until they believed that bitcoin is their life saver and it did when the price went up.

Financially, they've been in a better situation and dealing with it still will depend on the person that owns bitcoin. Because he may have bitcoin and seems to be financially free but, if he's not capable on it and doesn't have the financial education on how he will expand and retain that wealth, it will be useless because he might just spend all of his profits for nothing.

[lionheart78]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I wonder how Bitcoin can end poverty. The thing is, before anyone profits from Bitcoin, they must invest money in it or get jobs that pay in Bitcoin.  Bitcoin can help alleviate one's status if they have something to invest in it.  But the problem is the majority of poor people don't have much money to invest in Bitcoin nor have the knowledge to participate in Bitcoin jobs and freelancing.

At the national level, how can Bitcoin end that country's poverty issue if the government itself is banning Bitcoin?  Or let us say they acknowledge Bitcoin but the people who are in authority are corrupt.  The problem of a nation can only be solved by the government, Bitcoin may help in the forms of tax revenue from the start-ups or new bitcoin companies establishing their business on that country but I don't think that Bitcoin alone can end the poverty of a nation.

[NdaMk]

We are very optimistic about how bitcoin will change or have a greater impact in a nation economic. It could great jobs only for people that blockchain technology, it could reduce the cost and time of transacting with people in other parts of the country without passing through the rigorous regulators by the government or banks. But one thing it can’t do is save a nation from poverty. Only a means of getting income can do that. And with bitcoin you need an income to buy and save your bitcoin. You can’t definitely ask someone that needs to feed from hand to mouth to invest into bitcoin and allow it grows into profits

[Hydrogen]

It has been said for many years bitcoin has a strong potential to elevate standard of living for a global 4 billion unbanked demographic. Who can not qualify for conventional bank accounts.

I think to some degree, many have observed this in their personal lives. Which is how crypto has come to have such a strong and loyal following worldwide. Mass adoption is rising quickly due to people seeing firsthand the positive circumstances surrounding it. As well as the future potential to elevate standard of living for all.

Ending poverty is a completely different conversation. First we would observe, study and define poverty and all the circumstances which cause it. Then devise a plan to abolish it. For whatever reason, this never happens.

[southerngentuk]

I have to share with OP about this fact, we are aiming for a balanced life from time immemorial and now the law of birth and destruction and rebirth is like the seasons appearing in the year, the balance It's something I've never really felt worthy of. We are born with many different rights and limitations, the rich and the poor divide people, the thinking of those who are controlled by material things. With BTC I also feel that fairness is the issue raised, however I can repeat this if you don't know it how to help you understand it like I do.
And whether the emergence of bitcoin or blockchain is showing the balance but it takes time to reset everything, one story that I want you to imagine is that you try to imagine yourself as someone who has a lot. Money like Elon, what will you do? And vice versa if you are homeless what do you need to do to save this world?

[LogitechMouse]

Bitcoin can end poverty of some people, but not all people.

First, not all people are aware of Bitcoin or at least in every nation like you said. In every country, not all of them knows Bitcoin so how they can be out of poverty with the help of Bitcoin? Aside from that, if there are some who knows Bitcoin, chances are they might not interested on even learning it because they might think that it will be a waste of time for them.

Second, some or let's just say most of the poor people aren't going out of poverty because of their mindset. They don't have a perfect mindset that will make them out of the poor. We know how important it is to have a mindset because that will help you.

There might be some people around the world that turned themselves into a rich person with the help of Bitcoin. Now to answer your question, it will not happen. A poor person will not have spare money for them to invest into Bitcoin.

[libert19]

I don't think it can end poverty but it's invention has helped. It has made some people financially healthy who got in early and made right decisions. Plus with Bitcoin's invention crypto sector has popped up which has come up with it's own work opportunities.

[fuguebtc]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is an investment, and if you want bitcoin to help you improve your finances, you need money to invest in bitcoin, if you don't have money, bitcoin will not help you. To me, bitcoin is like any other investment, which can lift someone out of poverty or make someone poorer if not invested properly. So my point is bitcoin can't alleviate poverty for anyone, you can get out of poverty or not is up to you, bitcoin or any other asset can't decide for you.

[HajiBagi]

Bitcoin cannot eradicate poverty, because not everyone in the nation can invest, How can a someone who is living paycheck to paycheck invest in bitcoin? Out of 100% of some countries, 60% are poor; therefore, even if bitcoin is introduced to them, they will not take it very seriously because they do not have enough to invest. It is impossible for them to invest when they haven't fed themselves. Bitcoin is not made for people who are incapable of doing it or investing.

[autumnleaf]

I concur with some of the other members that poverty cannot be eradicated, only reduced. When you cite your country as an example of where poverty is rife, I disagree with you up to a degree when you claim that Bitcoin can end poverty. They are no longer considered to be in poverty, in my opinion, if they can manage a Bitcoin or investment.

[Plaguedeath]

Bitcoin isn't a charity company where they have an unlimited money to spread out to the poor people all around the world. If poor people are struggling to feed themselves, how they will have money to buy Bitcoin and hold it at least for the next 2-4 years?

To end poverty they need to work and learn about financial course, investing in Bitcoin isn't only a way to make people become rich. Many people are become rich by start their own business and it has no relation with Bitcoin.

[vv181]

It has been said many times, bitcoin does not address poverty. A mere bitcoins adoption could not reduce poverty. A complex problem requires a thorough solution, bitcoin is out of the option it could significantly reduce poverty within a country. Bear in mind that you can not simplify how to reduce poverty by only giving people a way to increase their savings and access capital.

Globally, according to World Bank, the poverty line is $2.15, and as of now, the low priority fee of a bitcoin transaction is $0.34. And that is just a simple case where bitcoin does not solve poverty at all. So, it requires a comprehensive solution to address and improve the poverty rate within a country, do also note each country might require different needs, hence, bitcoin is very unlikely to help it in most cases.

[abralzain17]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

poverty in a country is a problem that should be handled by the government in that country itself, the government must look more closely at the causes of this poverty. those who live in poor countries will not find it easy to get to know bitcoin or invest in it, of course they will refuse the invitation to invest because of the limited funds they have. of course they will be able to get out of the poverty line if they are able and dare to invest in bitcoin or other crypto. I think someone will enjoy the results of their investment even if they don't get rich

[ethereumhunter]

It depends on them because investing or saving in bitcoin requires awareness that bitcoin can help them change their lives. Poverty alleviation is the government's job but if they don't or don't want to change, their lives won't change.

The government and us as people familiar with bitcoin, only introduce bitcoin to them and the decision to invest in bitcoin is completely in their hands. Some people already know the potential of bitcoin for them and, finally, decide to start investing in it. And when the bitcoin price touched its last ATH, they made a big profit and could change their life. If there is no desire to change his life, it will not happen.

[AnonBitCoiner]

Bitcoin price is so high that poor people cannot buy bitcoin and cannot make investment in it. Instead of benefit the bitcoin also contains risk therefore if poor people invest money which is in little amount then how they will manage house holding necessaries and they also have dangerous situations about its losing.

Bitcoin can save one's money but everyone cannot make investment in it because poor people cannot afford it. However if they save little amount every month then after sometime they will be able to use that money for the investment.

[GideonGono]

Nope Bitcoin could only help but it couldn't end poverty in a nation.
Not eveyone could earn from crypto and it is the reality,
If they could invest a small amount do you expect them to make a big profit? that doesn't work that way and many things could affect their investment since we are talking about poor?
They don't have enough money and struggling to survive so if any unexpected things happen they would need those investment no matter what peice it is (Gain or Loss) they would sell it.

[isaac_clarke22]

~

Bruh, Bitcoin is simply a crypto coin that can be used by people to freely use their own money without having to involve any authorities at all. Just because people are earning a lot from it does not mean that it can just eliminate poverty as well as unemployment. This is like asking any currency out there if they can eliminate poverty at all.

I would not even rely on crypto to be able to give me the access to my needs constantly.
I believe these discussion were like way back in 2017 and it kinda gives me that strange nostalgic feeling again.

[Mpamaegbu]

Nothing can ever end poverty in the world. Despite how raw and unpleasant anyone will think that comment of mine is, it's the simple fact. Poverty is as old as prostitution itself. It's like imagining that anything in the world could end prostitution. The best any nation can attempt is to alleviate or reduced the level of its poverty, not end it.

Talking about Bitcoin and poverty, the poor are likely not going to be interested in its investment. Tell me how anyone living below a dollar per day will be interested in anything investment. They're more likely to be concerned with where their next meal comes from.

[Wakate]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

It all depends on individuals and how they see the market. We all know that there are lots of information in the market and we can only have access to them if them see them or are prepared. The market is growing everyday with so many ups and downs market reactions.

If we learn the cryptocurrency market very well and we develop ourselves in a particular area whether trading or other aspect of the market, we will gain profits if we are good at what we do. For we to alleviate poverty depends on our individual self and if we have the fund to invest in the market and make more money.

[deathcode]

Bitcoin cannot and is not created and does not have the properties to end all poverty in a country.
I think it's true that Bitcoin can help improve a person's economy, but that doesn't mean that Bitcoin can end the entire poverty line in a country.
Bitcoin is an asset and not a quick way to end poverty, because poverty itself is caused by several factors such as low per capita income but high prices for basic necessities, not many available job vacancies, low education levels and many other factors.
The way to end poverty in a country is to fix what are the main factors of poverty in that country and of course every country is different because it depends on what factors have the most influence on the poverty of the population of that country.

[Adbitco]

Before an occupant of a nation could venture into bitcoin this means they are purely characterized and be subjected of accept any risk that could possibly come out of it. How could they engaged themselves into bitcoin investment were a nation is poor and looking for a way of survival and you think it will end poverty In such nation.
Well lemme draw to your attention that only those whom are willing to accept any lost that could definitely comes out of poverty.

[Accardo]

Bitcoin doesn't have to make everybody in a nation wealthy before it'll be seen as a means of uplifting poor people. If bitcoin can change the life of one person in the nation it has done more than enough to that very nation. Bitcoin has no legs, it doesn't speak or communicate. We, the users of bitcoin, are these amenities bitcoin lacks. So, I think it'll sound better if you rephrased your question to, Can the whales end poverty in a nation with the use of bitcoin? Then I'd say a big yes, because people who are rich in the bitcoin community can decide to venture into the nation and uplift their economy by launching bitcoin startups in that nation, decrease unemployment and teach people how to use bitcoin. With that a lot of people from the nation would join the network and begin to practice blockchain development, writing, designs, marketing etc. These acquired skills will live in them even when the rich bitcoin investors that visited their nation vacates the land. Such unswerving foundation will enable them to work remotely from their nation and make money, the few people who got employed and probably rich will be considered a huge achievement for the bitcoin community. As time goes the nation's bitcoin community will continue to thrive.

[romero121]

Bitcoin have nothing to do with poverty. Maybe the direct benefitting schemes from the government can be made even more effective than the traditional banking system. Bitcoin is innovated for different purpose and the same now got used in different needs. This means bitcoin have turned to be a multiple usage asset.

Poverty is something that needs to be concerned by the respective government. Every country have got poverty, but the grown countries hide it from the outer world. When the governments have trillions to spend on security during a budget, why can't the same government spend to eradicate poverty. This is some kind of politics, because if a person is taken out of poverty they'll progress slowly. In politics people need to be kept in control, poverty too a source. This needs to change.

[lovesmayfamilis]

For Bitcoin to lift people out of poverty, they must invest in it. You must understand that poor people live one day; it is important for them to feed their families. How can they have extra money?
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.

[MoonOfLife]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

No, bitcoin cannot help alleviate poverty. To get out of poverty, people need to work hard, have smart investment plans to make a profit. Bitcoin is an investment and if you know how to take advantage of it, you also have a chance to become rich. It is not a god that can bring you wealth without having to do anything. And don't forget that investing is risky, meaning bitcoin can also make you poorer.

[mulia sabee]

what can end poverty or eradicate poverty is ourselves by continuing to make any efforts. By getting to know Bitcoin and trying to invest in it, in my opinion, it will also end someone's poverty if they can benefit from trading Bitcoin. but it will also happen the other way around for someone who trades bitcoins if they don't have patience

[michellee]

what can end poverty or eradicate poverty is ourselves by continuing to make any efforts. By getting to know Bitcoin and trying to invest in it, in my opinion, it will also end someone's poverty if they can benefit from trading Bitcoin. but it will also happen the other way around for someone who trades bitcoins if they don't have patience

Yes, only we can end poverty because we are responsible for our lives. There are many ways we can overcome poverty; the most important thing is how to make money to improve our living conditions. Bitcoin can help people if they use bitcoin as a long term investment and bitcoin is like fiat savings in a bank. The difference is that the bitcoin they save, its value can increase in the future, while the money they keep in the bank cannot provide high interest.

But it's not easy to be able to get success in investing in bitcoin because one will face price fluctuations that are constantly changing. And if that person doesn't know how to deal with it, they will not be able to benefit from investing in bitcoins.

[Pejoh Asu]

Poverty is a complicated thing and has become part of life, developed countries like the USA, England and so on there are also always poor citizens, the presence of bitcoin can help anyone to get profit, but there are many facts that many are bankrupt and poor because of bitcoin, so you can say balanced.

[beerlover]

It has been said for many years bitcoin has a strong potential to elevate standard of living for a global 4 billion unbanked demographic. Who can not qualify for conventional bank accounts.

I think to some degree, many have observed this in their personal lives. Which is how crypto has come to have such a strong and loyal following worldwide. Mass adoption is rising quickly due to people seeing firsthand the positive circumstances surrounding it. As well as the future potential to elevate standard of living for all.

Ending poverty is a completely different conversation. First we would observe, study and define poverty and all the circumstances which cause it. Then devise a plan to abolish it. For whatever reason, this never happens.

I agree that people who could take over their own financial situation and connect to each other, globally nonetheless, would definitely be the usecase for bitcoin more than anything else. We have seen so many people in my nation have trouble due to banking all the time, and yes they have that "lending money" that bitcoin doesn't have which puts them at the top, but that doesn't change the fact that they are doing what we won't do, which is rejection people.

Banks could stop working with anyone they want, because they are a business and have that right, but bitcoin won't be rejecting anyone, if you want to buy it then you can and you are now in it, no extra steps needed.

[D ltr]

bitcoin cannot end the poverty of a nation, where a government must have reserve assets so that it can store btc for a long time or can be said to be 2x the initial investment capital,
when a nation is experiencing poverty I think it's better to allocate funds to micro-enterprises that can produce and help the economy so that the wheels of the economy continue, rather than investing in btc because btc was not created to end poverty

[Cling18]

Bitcoin has been existing for a long time so it's obvious that the currency alone can't change the economic situation or even solve poverty but if more people would see the worth of Bitcoin and invest in it, it will affect the economy positively. It only needs adaptation so people should see its worth as a currency and investment. It also needs the support of the government which is quite for other countries. I guess if Bitcoin investment would be prioritized by more people, it can decrease the poverty percentage in the future.

[Oceat]

I would say, it depends on every individual people on how they use Bitcoin as an investment and it also depends on people on what they are doing in life IMO. Conquering poverty starts from the people or each one of them so that they could help the economy. Bitcoin isn't for get-rich-quick after investment, it would take a long time before they could actually tell that they aren't in poverty if they only rely on Bitcoin as an investment.

It's better to have a stable job so that they can buy more Bitcoin and they can also fight poverty. Education is the key to get out of poverty or have a certain skills or knowledge and I'm sure you will have a place to work on what's best you can do.

[darewaller]

The way I perceive bitcoin enriching the world is a bit different, although cryptocurrency has raised more millionaires than any other venture, I feel it does a different form of wealth transfer. Let's not forget that cryptocurrency also does a four-year cycle, and let's be aware that not everyone made money in cryptocurrency, some lost a lot.

The four year cycle you mean is the Bitcoin halving but it is not a disadvantage. It actually help Bitcoin to be more scarce, making its value to increase even more. Before cryptos have created, there are already Forex, Stocks and others so I don't think crypto has raise more millionaires than them.


In fact, I think there are more losers in here and the ones who only benefits the most are the scammers and the fraudsters. It does have a different form of wealth transfer and that is the medium that we will be using here is Bitcoin (not cash/fiat or anything). This maybe weird or too complex to some but for us this was unique and cool. It also has an advantage and that is, there are less to no restrictions at all and the transfers are much faster.

[Argoo]

Nope. Bitcoin won’t give stable source of income to defeat poverty. Removing a corrupt government and replacing it with someone who can utilize the country manpower and resources will make the poverty vanished. Poverty exist because of the imbalance of wealth distribution in the country. In every poor country, there’s always few people who control the wealth of the country which is the main reason why many people stay poor despite they are doing hard labor every single day.

Bitcoin by itself, like all cryptocurrencies, cannot end poverty. This is just an alternative financial system to public money. Of course, if each poor person is given a few bitcoins, this will improve their financial situation. But bitcoin is not enough for everyone.

To end poverty in a country, it is necessary to develop its economy, increase material wealth. Any financial system does not produce material goods, but is only a tool for their redistribution. That is, if we give someone money, it will be necessary to withdraw it elsewhere, or the material values that they replace, otherwise there will be inflation.
Cryptocurrency is exchanged for fiat and valued in fiat. Therefore, it is integrated into the general financial system of states, and even in this regard, states will regulate its circulation.

[Z390]

Nah, Bitcoin can't end poverty, in this world there will always be people lacking, and some of them lack the knowledge to get themselves out of the situation they are in, Bitcoin can only generate the opportunity to take you out of poverty, but you should be willing to take the risk, the biggest problem with poor people is they don't know how to take risks, the situation of poverty they are in have make things look impossible that they become too greedy to invest the little money they have.

And again, we are in a world where some people will always have less while other will have more things can never be equal, if everyone in a country is rich it will affect the economy.

[Retainly_Collie]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Slowly Do you see 1.3m people leading your country to poverty, just like you, the material problem is with you, but how will other people here see it?
I know some countries that easily run the country, but with a meager economy, spiritual values ​​are pushed up, people find the rich and poor life is trivial and not worth pursuing, sorry if that is important. This point makes many people proud. But the truth is that money is just a small part of life, but don't forget the problem you propose here, how will the poor people the OP offers to invest with BTC? And more importantly, this is an investment, not a game of chance.

[Mauser]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is a great tool for people who are looking for ways to save money. It enables us to store value outside of the reach from the government. With all the inflation going on in the fiat monetary systems in most countries we can try to escape it with buying bitcoins. This works for the poor and for the wealthy people, the problem is that the poor people don't have much money to save in the first place. I don't see bitcoin as the perfect solution, because people money before they can save. Right now we are seeing rising food cost and living expenses that will lower the saving rates in many households. Bitcoin alone won't be able to eradicate poverty, it needs economic reforms from the government to create better and more competitive jobs that will pay a higher salary. 

[MIner1448]

While bitcoin can be a tool to help people escape poverty, it cannot by itself end poverty in a country or anywhere else.
Poverty is a complex problem due to many factors, including the social, economic and political situation in the country. Solving the problem of poverty requires a deeper and more comprehensive approach, such as economic and social reforms, ensuring equal opportunities and access to education, health care and other services.
Bitcoin can be useful for those in poverty, including those with limited access to traditional financial services and investment opportunities. However, for Bitcoin to truly help people escape poverty, blockchain technology and cryptocurrencies must be accessible and accessible, and users must be protected from fraud and other risks associated with the use of cryptocurrencies.

Thus, bitcoin can be one of the tools to help people escape poverty, but it is not the only one and cannot completely solve the problem of poverty.

[Kadal Ijo]

Of course bitcoin will not be able to overcome poverty because there are many factors to be able to solve poverty, the most important factor to be able to overcome poverty is to increase investment, of course a country will not be able to carry out investments without the support of other countries, economic cooperation is very important to be able to make a country progress and reduce poverty.

[bakasabo]

OP, you have strange logic. How do you think Bitcoin is going to end poverty? By its value increase? Because Bitcoin once cost 1 dollar, but in the future it will cost $100k and it will solve poverty problem? If you think that poor person could have bought a lot of Bitcoins, for example in 2019 when its price was $4k, and could have sold it in 2021 for $69k, and that would solve poverty than you are wrong. First of all that poor person will never have money to buy. Second, he wont be able to hold it for so long, he would have sold immediately, as soon as he will ran out of fiat. Third, money dont come out of nowhere, if there was someone that bought it for $69k in 2021, then not that person is poor; those people have changed their places. Which means we still have same poor people.

[Faisal2202]

Snip

Poverty in a country can be caused by many factors not only due to no jobs but a less educational approach will make the environment less developing. As you mentioned "BTC help 1.7 mil citizens of your country" but are they fully stable now? Because to be stable in life you need enough money to meet all of your needs along with the money to fulfill your wishes. If BTC has made their life stable then I agree with you that btc can end poverty. Because it provides everyone in society, a chance to contribute regardless of their financial status as you can start from as low as 1$. If you remain consistent and do not fall prey to market sentiments that is very difficult for a newbie. If you can do that then a determined mindset end poverty of him/her using BTC.

You can read many reports about BTC and economic relations on google scholar or Science Data. Those reports will give you tho rough insights into either btc could end poverty or not.

• Bitcoin and Economic Growth: An Analysis by Abdulkadir Abdulrashid Rafindadi and Aminu Hassan-->conclusion of this report was, Yes BTC can end poverty but for only developing countries because the developed countries have already an option to make more money with there owned one but for developing and under progress countries due to economic instability, people do not get a chance to grow and groom. (note*these are not the same words, but almost the same context)

I hope you got the main idea, that BTC can end poverty as you can see results for yourself in your country. The same goes for my country too, I as a middle class have no enough money to invest in properties or to start any other business but what I can do is start trading for as low as 10$ but no doubt that it comes with its risks and without proper knowledge, you are going to remain in poverty.

[Iadegbola34]

Poverty is a strong word. To be profitable with bitcoin you need to invest in it and anyone below the poverty line who doesn't know where his next meal will come from can not possibly invest in bitcoin. Truly, bitcoin comes with a lot of opportunities to financial freedom but you still need to be able to invest.

[huu78]

I think bitcoin might be able to help but not entirely because there are so many factors of poverty both from within and outside the country itself.
If you really want to solve the problem of poverty, it should have been solved decades or hundreds of years ago, but poverty is always there???
that's the question now

[19Nov16]

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

[Sexylizzy2813]

Bitcoin can do a lot of positive things but ending poverty, I can't say yes but it depends on how small that nation is, but if you say end poverty using Bitcoin is like trying to stop something that's natural.
Poverty is like a disease in this world no matter how a particular country try to use any means to flush it off it won't go off, the only thing I see that can happen is that Bitcoin can develop the economic standard of a country. If you check properly you see that no matter how rich a country is they still have beggers and poor people around, so IMO Bitcoin can't...

[Nwada001]

Poverty is a strong word. To be profitable with bitcoin you need to invest in it and anyone below the poverty line who doesn't know where his next meal will come from can not possibly invest in bitcoin. Truly, bitcoin comes with a lot of opportunities to financial freedom but you still need to be able to invest.

That's to say if Bitcoin is the only option for a poor man to escape poverty, the person will eventually die in that poverty because there will never be enough money to feed, much less a spare one that could be used as a form of investment. 

I think bitcoin might be able to help but not entirely because there are so many factors of poverty both from within and outside the country itself.
If you really want to solve the problem of poverty, it should have been solved decades or hundreds of years ago, but poverty is always there???
that's the question now

I necessarily don't think there can ever be a world that is fully poverty-free; there will always be poverty to some degree. The level could only be reduced, but it can't be eradicated no matter what means and how hard the government and the people try. 

Bitcoin can do a lot of positive things but ending poverty, I can't say yes but it depends on how small that nation is,

Even if the country is as small as my village, the result will still be the same as what you have described. Bitcoin can't move a completely poor person or country out of poverty. 

[karmamiu]

You can't eradicate poverty in a whole nation; it can only be reduced. The level to which a nation and its citizens are enlightened and educated, as well as the poverty level in that nation, can be reduced to a minimal level but can't be eradicated.

I highly agree with that. You know even without crypto, you can only solve poverty if the government will provide opportunity those who are experiencing poverty. The thing about poverty is that some of those people who experience poverty, once they are given a relief they will no longer work for themselves and would depend on those benefits provided by the government. That's mostly the case and what I can see here in my country.

Saying that Bitcoin can solve poverty? No if we're talking about bitcoin alone, but if it we say change the way how they think about finance then there is a possibility that they will change their approach and ways to escape poverty, same as what we commonly here today about education. Education alone isn't the solution.

[xSkylarx]

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

Imagine if they did not exist and we were all wealthy. Who would be selling food on the streets? Our work force? our volunteers? They have big factors, but I think we want to end their struggle, like having food on a daily basis so they don't struggle on it, and also having a good house they can live in. It is always a balance to run the economy well, as without their presence there will be catastrophe for sure and collapse will happen.

[Semar Mesem]

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

Imagine if they did not exist and we were all wealthy. Who would be selling food on the streets? Our work force? our volunteers? They have big factors, but I think we want to end their struggle, like having food on a daily basis so they don't struggle on it, and also having a good house they can live in. It is always a balance to run the economy well, as without their presence there will be catastrophe for sure and collapse will happen.

Sometimes we have to thank for the poor people, the role of the poor is very big for life, almost everything we see is the work of the poor, good infrastructure, of course, those who work are the poor from start to finish, rich people just cut the tape, sometimes we wonder why poor people are always blamed for many things such as crime, traffic jams and so on.

[DOH!]

Bitcoin offers equal opportunity for all, where decentralization, accumulation.  Not just for the poor.  Bitcoin acts as the driving force of everything, meaning that if the poor make efforts, take advantage of opportunities to earn money, work hard and accumulate bitcoins, they can completely dream of a better life.  Contrary to the conditions they get from that effort in today's society, it's almost impossible.  YES - Bitcoin has complete credibility to make changes in the aspirations of the poor

[bettercrypto]

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

Bitcoin can be an instrument for anyone to progress through the hardships of life, it just depends on you how you do it because I believe that every problem has a solution, we just need to find and find it.

      If you believe that Bitcoin will be an instrument, all you need is to learn about it and while you are studying you will be able to get the opportunity to get profit if you know the right process here. Just don't give up and really learn until you get it.

[ethereumhunter]

Don't dream that the presence of bitcoin can overcome poverty, what we have to understand is poverty will always be anywhere and anytime, the presence of poor people is the reason we can eat, live at home and so on, if we want to buy groceries, of course the poor who planted, then the poor harvested, and the poor sold the crop.

Imagine if they did not exist and we were all wealthy. Who would be selling food on the streets? Our work force? our volunteers? They have big factors, but I think we want to end their struggle, like having food on a daily basis so they don't struggle on it, and also having a good house they can live in. It is always a balance to run the economy well, as without their presence there will be catastrophe for sure and collapse will happen.

Sometimes we have to thank for the poor people, the role of the poor is very big for life, almost everything we see is the work of the poor, good infrastructure, of course, those who work are the poor from start to finish, rich people just cut the tape, sometimes we wonder why poor people are always blamed for many things such as crime, traffic jams and so on.

That's because the poor do not have the power to repay unfair treatment from other people, especially the rich and can only accept it. They've worked hard but the rich get better results than them. But I'm sure that if poor people keep trying hard to change their lives, they can get what they want. And when they start to understand bitcoin and try to invest in bitcoin, they really have the opportunity to earn huge profits in the future. Everyone's opportunity is the same but it depends on each person's intentions and hard work to pursue what he wants.

[Huppercase]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty exist in all the countries and you cannot completely erase it from the country but having the opportunity to buy as an individual is a stepping stone in preventing poverty provided that it was bought when it was cheap. The problem now here is bitcoin has grown pass the point that I think poor person cannot buy, if a poor person have 1 bitcoin today, they will sell to settle their bills, so bitcoin at this point cannot eliminate poverty but can help get the rich get richer and they can also choose to use it against inflation as USD has lost it purchasing power according to Bloomberg.

[mulia sabee]

what can end poverty or eradicate poverty is ourselves by continuing to make any efforts. By getting to know Bitcoin and trying to invest in it, in my opinion, it will also end someone's poverty if they can benefit from trading Bitcoin. but it will also happen the other way around for someone who trades bitcoins if they don't have patience

Yes, only we can end poverty because we are responsible for our lives. There are many ways we can overcome poverty; the most important thing is how to make money to improve our living conditions. Bitcoin can help people if they use bitcoin as a long term investment and bitcoin is like fiat savings in a bank. The difference is that the bitcoin they save, its value can increase in the future, while the money they keep in the bank cannot provide high interest.

But it's not easy to be able to get success in investing in bitcoin because one will face price fluctuations that are constantly changing. And if that person doesn't know how to deal with it, they will not be able to benefit from investing in bitcoins.

By knowing bitcoin and knowing how to trade crypto in my opinion one way to reduce poverty in a person. investing in crypto is not possible for everyone to believe in that, at least those of us who already know can make these investments as a substitute for saving money in the bank.
it's true that fluctuating values will make everyone anxious to invest there, but those of us who want life to change for the better like others by knowing Crypto need to try new things. without risk there will be no profit to be gained.

[kryptqnick]

Poverty is a global and structural challenge. It's not right to blame particular people for making wrong decisions, not trying hard enough etc. because it's a fact that our world is build on privileges which some have and others don't, and some things are objectively much easier for some and harder for others with an equal amount of effort made. Poverty is becoming a big problem in my country specifically because we are currently at war, and unfortunately, I don't think Bitcoin can end poverty.
Bitcoin might help some people if they are not truly poor but can actually invest some money and then enjoy an improved quality of life, and maybe pension funds investing into Bitcoin could also help to elevate some people, but generally, poverty should be tackled from various angles and we must remember that the problem is not the lack of resources but the terrible mismanagement of them.
When some go hungry, plenty of food is getting thrown away because of not being bought by anyone or being bought and never eaten. When some are homeless, many houses remain empty with nobody living there, renting them or thinking of buying them. We need all sorts of practices to learn to share and redistribute sources. More importantly, we need a serious worldview shift from 'who doesn't work doesn't eat' to 'everyone deserves to have their most basic needs like basic food and having a safe place to sleep in covered because these are basic human rights'. Once we really get to agreeing on that, we can work on ensuring that everyone gets at least minimal resources and can put an end to poverty.

[Smartprofit]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In my opinion, Bitcoin is not capable of eliminating the cause of poverty in one country (or group of countries). 

Bitcoin is a very effective tool for redistributing capital from the rich people of the old formation to the people of the 21st century (people who value progress, technology and innovation).  When Satoshi Nakamoto invented Bitcoin, he knew in advance that if the first cryptocurrency succeeded, the most courageous, risky and educated people who could understand the work of this new technology and correctly assess its potential would receive wealth. 

Satoshi Nakamoto did not set out to build a just social society....

Bitcoin is decentralized and very convenient money (no more, no less).

[Jody.Drummer]

There are many factors that cause poverty to spread even around the world, ranging from their own individuals to policies that are not well targeted. It is no longer the duty of individuals or certain elements to at least reduce poverty, but it is the duty of everyone to help reduce poverty.
Bitcoin can reduce poverty, but it will not eliminate it, because eliminating it would be a nearly impossible task.

I see that lately in my country there are lots of channels of aid that are not on target, I mean there are people who can be said to be well off getting help but people who are more difficult than them just don't get it. From things like this, we already know what makes poverty so difficult to reduce.

[mrjoshy]

[quote author=Charles-Tim

Bitcoin helped, that is true, but it helps those that invested in it.
Bitcoin can neither end poverty nor alleviate poverty in a Nation. El Salvador Bitcoin experiment,$375million spent and $60 million lost(the first country to recognize bitcoin as legal tender). Also you can  invest in Bitcoin and still run at loss. Due to global crypto crash in 2022 Changpeng Zhao lost his investment on bitcoin

[bosede1]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I wonder how bitcoin has helped the poor by increasing their savings. I know there are levels to being poor but I don't think anyone that is poor in my country has a browsing-enabled phone or device not to talk of money to invest in bitcoin. Poor people barely have enough to cater to the basic need of life.

[ifarted]

If they managed to invest in Bitcoin though they are not loaded with lots of money if they are lucky then it will end their poverty but jf only earn enough profit then it won't end but if a person earn profit most of the time then that person can start their own small business untill their situation is okay. That's on one person though and the others are still in poverty.

[tygeade]

Bitcoin offers equal opportunity for all, where decentralization, accumulation.  Not just for the poor.  Bitcoin acts as the driving force of everything, meaning that if the poor make efforts, take advantage of opportunities to earn money, work hard and accumulate bitcoins, they can completely dream of a better life.  Contrary to the conditions they get from that effort in today's society, it's almost impossible.  YES - Bitcoin has complete credibility to make changes in the aspirations of the poor

That's the thing, it is equal for everyone and doesn't go up or so just for the rich, and can't be printed by anyone. So it is limited and you would always have some of it, doesn't matter what the price is, you will always be partners of it. That type of decentralizations and equality gives it a chance to keep making regular people like us have a chance.

Normally, fiat world is not like that, if the rich doesn't have enough wealth gap between us and them, they just print more money and get themselves richer, and ask the government to protect them while we get screwed along the process, that doesn't exists in the bitcoin world which makes it the best currency in the world.

[Anonylz]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Except the people themselves ate will to change their situation to the better, otherwise don't expect government to invest in btc just to alleviate the poverty in a country when they are not ready to recognise it.
Any poor person who is smart and brave enough to buy btc has changed his/her life.

[CoinEraser]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I think bitcoin can solve some problems in this world, but unfortunately not all. Unfortunately, there will always be poverty, with or without bitcoin. Sure, all people who invest in bitcoin in time can benefit from it, but whether bitcoin is really able to end poverty through it, I just can't imagine. But if it does happen and bitcoin ends poverty, I would be very happy because poverty is a global problem that needs to be fixed. 

[panganib999]

Bitcoin has been a solution to poverty by some, but not everyone will be as lucky as the people who got their lives turned upside down for the better. As with investing, there are losers and there are winners, and there are also those who can't do anything but sit and watch as those who could gamble play their cards because they themselves couldn't pay up to play the game. With its limited supply, not everyone will be able to turn a profit if the whole planet does decide to use bitcoin tomorrow. The price will stabilise and while some people will lose their hard-earned trading money, some will also gain.

I consider people who was able to become rich through bitcoin alone as isolated cases of RNGsus choosing the kid who'll get all the figgy pudding. Not everyone will be as lucky as them, and I think that's alright.

[iv4n]

Bitcoin can't end poverty, people can do it and Bitcoin can help, in the end, it's a tool. How can Bitcoin help, well it's definitely better than banks... I will just drop it here (interesting reading): Here’s the pro-bitcoin, anti-bank argument advanced by a former Coinbase executive that’s making waves!

Simply, the fiat system is corrupted. And it can't be fixed, it's too much corruption on all levels. With crypto and transparency, if we can hope for that, things can get better eventually. Of course, if people use it how it should be used?

By the way, I am reading some good things about El Salvador... looks like crypto adoption is doing some good for them over there.

[coupable]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

You are asking the question from a slightly narrow point of view as we say in our local language.  There is no single element capable of changing the poverty situation or the level of poverty. Noting that in countries called poor countries, there is a group of wealthy people who represent a very small percentage of the people.
These poor nations can be identified not only through economic indicators, but also through the value of their local currencies in the global financial market.
Poorest Countries in the World 2023

[Kodok Bencot]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

You are asking the question from a slightly narrow point of view as we say in our local language.  There is no single element capable of changing the poverty situation or the level of poverty.

True, poverty will always exist as long as there is life, sometimes life is indeed better filled with poor people, because when a poor person works to make ends meet, it is different from a rich person who is usually relaxed and feels that the wealth he has makes him arrogant .

[Ahli38]

Indirectly Bitcoin will not be able to get someone out of poverty. because when someone is in poverty of course even someone will find it difficult to invest in Bitcoin. because he will probably focus more on meeting his daily needs to survive every day. I understand how it feels to be hungry. because I've experienced it for a moment in my life. when I went bankrupt.

and based on what I experience so that we can get out of poverty is starting from growing self-confidence, preparing a strong mentality, working harder, taking more action rather than thinking too much without acting much, take every opportunity that comes, always set it aside little money to collect as capital, always think out of the box, build more relationships, and stay strong and don't show weakness. because people will avoid us more if we look weak so it will be difficult for us to build relationships. associate more with people who are successful and hard working. keep learning throughout life's journey and continue to develop whatever skills we can learn.

after we have enough capital, have mature skills, and have built a lot of relationships. then we can start building a business even from a small business. Many relationships will make it easier to grow our business faster. and after the business is running then maybe we can only invest in bitcoin. by setting aside any money we make. little by little. I have also accumulated bitcoins little by little and now I have almost reached my accumulation target even though it took years. and like if Bitcoin came back to ATH then I can say that's where Bitcoin might have brought me to a better stage of life. maybe not very rich. but at least my assets will grow many times.

[mvdheuvel1983]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin can truly end poverty in a nation today. On the other hand, it can create poverty for some people in a nation also. This will only happen to those who approached bitcoin in the wrong direction. That is: they want quick money and failed to learn or understand how bitcoin investment is been processed. It will eradicate poverty for those who understood that bitcoin investment is a long-term investment, and with the little they have they invested in it. Those who have understood bitcoin years back and invested in it long ago are rich now. But for those who want quick money and can't wait for a longer period to enjoy their investment are the poor ones in bitcoin investment aspect.

[Kelvinid]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it.

[andriarto]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it.

I don't think it's aimed at alleviating poverty, but the existence of bitcoin can provide opportunities for people to get out of poverty, including me, at least after knowing that bitcoin can help the family's economy, by doing bounty hunting, trading and investing. although sometimes I don't get money every month, but when there is bullish I will sell it and divide my money for several purposes, starting from other business capital, personal enjoyment, and preparing to invest again after the bearish occurs

[Smack That Ace]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it.

I don't think it's aimed at alleviating poverty, but the existence of bitcoin can provide opportunities for people to get out of poverty, including me, at least after knowing that bitcoin can help the family's economy, by doing bounty hunting, trading and investing. although sometimes I don't get money every month, but when there is bullish I will sell it and divide my money for several purposes, starting from other business capital, personal enjoyment, and preparing to invest again after the bearish occurs

According to what you said, it can be seen that bitcoin is a tool to help us, and whether we earn money to get out of poverty is up to us, not bitcoin.

Don't forget the bitcoin market is a financial market, which means there will be winners and losers, when you win, and someone else loses. So bitcoin cannot help alleviate poverty, what bitcoin can do is give us an opportunity. Whether we can take advantage or not is the ability of each person.

[Bitcoin2009]

Everything that is done to overcome poverty will certainly fail, we must realize that the life of this world will always present poor people, if you are rich then you should be grateful because all the things you need are provided by the poor, if there are no poor people then your money will be useless.

[Aanuoluwatofunmi]

I strongly believe in the power of change that might comes in through bitcoin since it's a digital currency that has brought in do many opportunities then why should we limit the extent to which it can go in making life better, we gave to give it a chance and not only that, it also requires time in other to be trusted as not been one of the ponzi schemes, bitcoin is a game changer entirely and things were already changing for good from how we handles our finances.

[xSkylarx]

Everything that is done to overcome poverty will certainly fail, we must realize that the life of this world will always present poor people, if you are rich then you should be grateful because all the things you need are provided by the poor, if there are no poor people then your money will be useless.

People who work in restaurants, construction sites, foods that you are eating, and everything else you can think of where people that are poor are involved is like they are part of the work force, which is why there should be a balance between poor and rich people. But again, I only want to end the struggle of those poor people, like having problems with food, shelter, and their needs, which makes me sad. That is why whenever we can help them, let's help as it has a big impact on them.

[tabas]

Everything that is done to overcome poverty will certainly fail, we must realize that the life of this world will always present poor people, if you are rich then you should be grateful because all the things you need are provided by the poor, if there are no poor people then your money will be useless.

I agree. Bitcoin can help people get out of poverty if they've invested too early and the price now is totally gonna make them out of the poverty. So, it can do end poverty but someone who's got out from it should be responsible and maintain their situation to stay there and never come back to the poverty line. But we have to consider those that are in the poverty level that they can't invest as they've got no spare money in doing it. Instead of buying bitcoin, they'll choose to buy their needs because that's more needed than to invest. However, those that have taken time to take risk and buy bitcoin probably with equivalent of one meal a day that they've got have got some good gains but, not all can do that.

[virasisog]

Everything that is done to overcome poverty will certainly fail, we must realize that the life of this world will always present poor people, if you are rich then you should be grateful because all the things you need are provided by the poor, if there are no poor people then your money will be useless.

People who work in restaurants, construction sites, foods that you are eating, and everything else you can think of where people that are poor are involved is like they are part of the work force, which is why there should be a balance between poor and rich people. But again, I only want to end the struggle of those poor people, who have problems with food, shelter, and their needs, which makes me sad. That is why whenever we can help them, let's help as it has a big impact on them.

Poverty shouldn't be designed to serve rich people because we all deserve to live a comfortable life it's just that some people were born with privileges and edges among poor people. Yes, rich people should be grateful for what they have but poor people shouldn't be contented with their status. It's fine to yearn for more by working hard especially if our goal is to improve our life status. As much as possible, we should grab the opportunities being offered by crypto because it could somehow change our lives in the future.

[tjtonmoy]

There is something called punctuation mark. I don't think you know about it. It is quite hard to understand what you are trying to say without them. But from what I can understand from this, that you are trying to say that bitcoin can help poor people to get rich. I don't think that's the case. Money makes money and same goes for cryptocurrency and on every other investment platforms.
If they are unable to get rich or get stable in life, they could have already done it with the money they already have. Bitcoin investment is very risky. So it is not for everyone. So I don't think Bitcoin could really end poverty.

[Davidvictorson]

This is some bold statistics the OP has stated here, "Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment." I would love to know the source. I would love to read more to know how it was achieved and if it is replicable in my country. If it is, then I would quickly draft a proposal to the representative of the people in the government.

 Do you think Bitcoin can end poverty? Yes. I think bitcoin can end poverty but it is not as easy as it may sound. It can end poverty if the government allows it. If the government can work with private and public organizations to make crypto-friendly law for her citizens. But will that happen or can than happen? I do not think so. Therefore people have to take the bull by the horn, I mean they have to take personal responsibility for their prosperity and make it happen. Either through bitcoin or through other means.

[YUriy1991]

I'm trying to respond, For example In El Salvador, the use of Bitcoin as legal tender is touted as a way to increase financial inclusion and provide greater access to financial services for those who are unbanked or unbanked. This has the potential to help the poor control their investments by providing a means to store and transfer money outside of the traditional banking system, which is expensive and inaccessible to many.

However, it is important to note that Bitcoin's impact on poverty alleviation remains unclear and there is still debate as to whether Bitcoin is a viable solution for financial inclusion.

While some proponents argue that Bitcoin can help individuals escape poverty by giving them greater access to financial services and investment opportunities, others warn that the volatility of Bitcoin's value and high transaction fees can make it harder for the poor to maintain savings and investments.

[stadus]

Well, yes, bitcoin can indeed end someone's poverty because it will be such a huge help for that family to lift themselves from the slum and give their children the right education by going to school where they can afford it the most. But unfortunately, that's just too easy to say than done because even if it's already a fact that bitcoin can truly make peoples lives comfortable, these people who are below the poverty line doesn't have the chance to invest into bitcoin even if they want to because there's just no extra funds for them to do that as they are already having a hard time by feeding themselves as much as 3 times a day or at least buy a medicine if someone in their household is sick.

[rachael9385]

Yes, no second thought about that, bitcoin is already ending the rate of poverty in many societies today and inasmuch as bitcoin is concerned every person old and young poor or rich will feel the joy of bitcoin, and all this can only be achieved if the government see bitcoin as a legal impact in the society.
In many countries that legalized bitcoin, their economy is good and Bitcoin has reduced the rate of poverty in their country.

[Ryu_Ar1]

In the context of saying bitcoin can end poverty it can but not for the whole but only for a small part who can make good use of it.
bitcoin can be a tool to make us rich. but on the other hand, bitcoin can also make you die miserable.
I think there have been many examples of successful people being in bitcoin, one of which might have been circulating a lot on the Internet and I searched for some of them and could read them here https://www.cointree.com/learn/bitcoin-success-stories/. but on the other hand there are not a few people who actually have to suffer quite a lot and even have to die as a result of their mistakes in bitcoin because they are too careless in this matter.
It is up to us now whether we are doing this right or it is just a momentary desire because of course this also affects the results.

[CODE200]

Well, yes, bitcoin can indeed end someone's poverty because it will be such a huge help for that family to lift themselves from the slum and give their children the right education by going to school where they can afford it the most. But unfortunately, that's just too easy to say than done because even if it's already a fact that bitcoin can truly make peoples lives comfortable, these people who are below the poverty line doesn't have the chance to invest into bitcoin even if they want to because there's just no extra funds for them to do that as they are already having a hard time by feeding themselves as much as 3 times a day or at least buy a medicine if someone in their household is sick.

Sad reality, I just lot of instances like that, it so easy to say like, "I did that before and I know you can you do it to".  But in fact they cant because of the circumstances that they are facing. Another example is, you and your friend both working and getting paid at same amount, but you only used your money for your own good since you are in an average family, while your friends pay for the rent, bills, foods, and needs of his family. In that case you can see that the salary you guys get being breakdown at different things. Just like in bitcoin, even they have the money to invest most of the time they get scared to risk it since its only their money that they have, unlike other people who have the means to invest any time they want. Anyhow, I still do believe that it can end someones poverty.

[adzino]

No, Bitcoin can't end any poverty. In fact, people suffering from poverty shouldn't be investing in bitcoin. The golden rule of investing in bitcoin and other crypto currencies is to invest what you can afford to lose. Do you think poor people that can't meet their basic needs should be investing in bitcoin? Nope. It will end up harming them more. Bitcoin can sky rocket in few minutes, and it can also fall down in few second and keep falling for a year or two. Things would  only get worse for them. They will have to sell their coins at a loss to pay their bills. Bitcoin can't remove poverty from a nation, but yeah, it can help to develop the economy indirectly.

[fuer44]

Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?

[Sir Legend]

The presence of bitcoin provides an opportunity for anyone to earn additional income, but a unique fact occurs with the presence of bitcoin because there are many new millionaires such as project owners, exchange owners and so on, but we must understand that the presence of bitcoin is not enjoyed by everyone so hopes to reduce poverty are unlikely to be happen.

[Gallar]

can be very helpful if only have capital.
to invest in bitcoin must have capital, if there is no capital how do you want to invest.

if the condition of the people is that they don't have the capital to even eat, it's just barely enough, it will definitely be very difficult for bitcoin to be able to help there, it can't even.

what must be done first in such a situation is that the government must first improve its economy, because it is the government that is responsible for the chaos or progress of the country.

[coupable]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

You are asking the question from a slightly narrow point of view as we say in our local language.  There is no single element capable of changing the poverty situation or the level of poverty.

True, poverty will always exist as long as there is life, sometimes life is indeed better filled with poor people, because when a poor person works to make ends meet, it is different from a rich person who is usually relaxed and feels that the wealth he has makes him arrogant .

I had mentioned in a previous comment that the main reason for the existence and continuation of poverty is mainly because there are rich people. Building a society based on classes will necessarily lead to great disparities between them, and the capitalist society is the best proof of that, since the era of slavery ended.
And with the development of the imperialist orientation of the world powers, it became possible to talk about poor and rich nations. It is not easy to get money to become rich but if we all became thinking this way it would be impossible since we still need poor people to say we are rich.

[gabbie2010]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin can a tool that can be used to eradicate poverty of course knowledge and skill is needed to scale through that menace, there are plenty opportunities offered by Bitcoin example investment in Bitcoin, however a poverty laden people wouldn't have enough money to invest in Bitcoin, alternatively learning some skills like graphic design etc, these set of jobs are paid with bitcoin and are readily available online for any individual in a poor country who has acquired those necessary skills to work remotely and earn a decent wage bypassing the unfriendly alternative source of payment like PayPal, Skrill etc.

[Kelvinid]

Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it.

I don't think it's aimed at alleviating poverty, but the existence of bitcoin can provide opportunities for people to get out of poverty, including me, at least after knowing that bitcoin can help the family's economy, by doing bounty hunting, trading and investing. although sometimes I don't get money every month, but when there is bullish I will sell it and divide my money for several purposes, starting from other business capital, personal enjoyment, and preparing to invest again after the bearish occurs

It is a good insight about Bitcoin but mate, never underestimate the market nor overly think that everything that you wanted will happen too easily. As you can see, a lot of people have tried investing in Bitcoin but not all were able to manage to stay, and they are losing. And we are not even sure if this will might happen to you especially if you are out of control of your emotion and are impatient. Generally, this is just an opportunity, and not all who take this end up being successful because some people had become also a loser.

[GiftedMAN]

Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?

In as much as Bitcoin has saved many lives from wallowing in poverty then we should take a smart look on what Bitcoin had done to many investors by improving there lifestyles and making them live in a fullfil abode. I think Bitcoin is going to do more with time if we give ourselves the opportunity to invest in Bitcoin no matter how turbulent the market want to be. The wise investors are the one cashing from the market while those that are always in a hurry to take there profits would only make little money from the market.

[Yawa2020]

Bitcoin is not a poverty eradication scheme in the first place. Knowing that is very necessary. Of course, it can make those who stick to it with patience to leave a freedom and prosperous life but still, get yourself something to do in order to change your life for better. While patiently waiting for Bitcoin to alleviate poverty to some who believe in it, you must eat during that period of waiting.

[retreat]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin will not be able to eradicate the problem of poverty but it will be able to help those who live in poor or developing countries to get out of poverty. There have been many examples in this forum that have been able to get out of poverty with the help of Bitcoin. In fact most of them eventually teach bitcoin adoption back to their society, because they know it will help their friends and will grow their economy.

[fauzan Ichsan]

Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?

In as much as Bitcoin has saved many lives from wallowing in poverty then we should take a smart look on what Bitcoin had done to many investors by improving there lifestyles and making them live in a fullfil abode. I think Bitcoin is going to do more with time if we give ourselves the opportunity to invest in Bitcoin no matter how turbulent the market want to be. The wise investors are the one cashing from the market while those that are always in a hurry to take there profits would only make little money from the market.

besides being able to pull people out of poverty but we also have to see that many people are poor because of bitcoin, and that is the market, there are winners and there are losers. but that's not bitcoin's fault, it's just that they themselves don't have knowledge about the bitcoin market which in the end actually goes down. bitcoin can provide jobs, but for those who can afford it, because many people just want instant riches from the crypto world

[Maxre]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Nah brother that's not the case with Bitcoin because BTC is a thing that could revolutionary in many ways but still our most people won't believe in crypto.
That's why when people don't believe in crypto and also countries than how Bitcoin will be able to solve poverty problems and that's why I will say that always make your base in every business and in this ways you will be able to make money.

[Iadegbola34]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin will not be able to eradicate the problem of poverty but it will be able to help those who live in poor or developing countries to get out of poverty. There have been many examples in this forum that have been able to get out of poverty with the help of Bitcoin. In fact most of them eventually teach bitcoin adoption back to their society, because they know it will help their friends and will grow their economy.

One has to take charge of their life to leave the poverty zone and not expect bitcoin to fly into their wallet and make them rich overnight. There are several opportunities bitcoin provides for one to make steady income but the problem is how knowledgeable you're to take those opportunities and turn them into money.

[gaston castano]

It's great if bitcoin can help eradicate poverty in your country, regardless of how bitcoin can help those people.
in my country poverty also occurs but not as severe as your country.
but I don't think poverty can be eradicated with bitcoin because it takes real action to do that.

[GreenStox]

While it's true that poverty can be seen as a problem that affects the entire nation, it's also important to acknowledge that poverty is ultimately a problem that impacts individuals and families in very real and significant ways. In many cases, poverty can be traced back to systemic issues such as income inequality, lack of access to education and resources, and discrimination.

[KupaCrypto]

It is impossible to eradicate prover unless you will give all those poor people money to lift them up from poverty which is impossible to do and there are a lot of people in the world . They can even afford food how much more buying bitcoin? Other will also say to get an education so that they can get out of their situation but education is expensive still it is difficult to achieve. It is really a complex thing and it is very difficult to resolve. Bitcoin can help others life but cant resolve this kind of issue

I totally agree with you,  bitcoin can eradicate poverty to an extent but not entirely, Because in most interior countries in Africa not everybody is opportuned to own a smart phone, or a laptop and bitcoin can't eradicate poverty without technology, so I feel in some advance countries this might be possible in a very short while but coming to Africa it will take decades for bitcoin to eradicate poverty entirely from that country, that's if the eradication of poverty by bitcoin will be possible in that country.

[Pujangga]

There has been no study or research that bitcoin can reduce poverty, if the bitcoin market cap continues to increase until it reaches 1000x from now then the benefits of bitcoin will only be felt by the bitcoin community, while those who don't know bitcoin will get nothing.

[AicecreaME]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I'm afraid not.

The government is the only one that can end poverty by giving opportunities to those people who are really in need of jobs to put food on their table. But sadly, most of the government doesn't really care about their people, in fact, they are using them when election comes by brainwashing them by their sugarcoated promises. Most of the government are corrupt, that's why poverty cannot be avoided if those greedy politicians are getting elected every single time.

[Dr.Osh]

based on the story you told, bitcoin can overcome poverty. however, it all depends on how they utilize bitcoins. based on the stories you have, bitcoin really helps. however, it should be realized that bitcoin also carries considerable risks. if we invest in bitcoin in poor condition, then it will only help when the price goes up. however, keep in mind that it will add to the burden when the price drops.
If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

[Ayers]

No, Bitcoin can't end any poverty. In fact, people suffering from poverty shouldn't be investing in bitcoin. The golden rule of investing in bitcoin and other crypto currencies is to invest what you can afford to lose. Do you think poor people that can't meet their basic needs should be investing in bitcoin? Nope. It will end up harming them more. Bitcoin can sky rocket in few minutes, and it can also fall down in few second and keep falling for a year or two. Things would  only get worse for them. They will have to sell their coins at a loss to pay their bills. Bitcoin can't remove poverty from a nation, but yeah, it can help to develop the economy indirectly.

Bitcoin is just a highly volatile asset, it has no function or mission to alleviate poverty for anyone. If we want to get out of poverty, only we can help ourselves out of poverty. Bitcoin offers an opportunity for those who want to escape poverty, and whether they take advantage of it is up to them. Poor people can also invest in bitcoin, they need to get out of their comfort zone and take advantage of the opportunity. There will never be a solution to poverty if those living in poverty only know fear and are unwilling to trade.

[AbuBhakar]

If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

It’s impossible for this criteria to be met because people on poverty has sufficient money for their food or else they are not categorized in poverty status. Bitcoin is not for people that has no money for spending other than their food because Bitcoin has high volatility that makes poor people gamble for there life. Bitcoin investment is only good when you are using extra money that you can afford to lose.

I’m not depriving poor people but introducing Bitcoin to them will just make their life more miserable when shit happened to their money.

[kak uli]

Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty

[Gayong88]

If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

It’s impossible for this criteria to be met because people on poverty has sufficient money for their food or else they are not categorized in poverty status. Bitcoin is not for people that has no money for spending other than their food because Bitcoin has high volatility that makes poor people gamble for there life. Bitcoin investment is only good when you are using extra money that you can afford to lose.

I’m not depriving poor people but introducing Bitcoin to them will just make their life more miserable when shit happened to their money.

In my opinion introducing Bitcoin to poor people has the potential to provide financial inclusion and improve their access to basic financial services. While there are risks involved, these risks can be mitigated with education and guidance.

[Queentoshi]

Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty

I don't think Bitcoin can end poverty in our nation today, because not everyone knows how Bitcoin works, most people among us just hear the name Bitcoin, they don't know what is use for, if it is for trading and so on. And another problem is that many people mistake all Altcoin to be bitcoins, which has lead many people into lossing alot of money by investing wrongly. With the rate of scammers out there today are now evening making it harder for people to invest sometimes, because they don't want to be rob of their hard earned money.

[cryptoknightt]

Of course you can and of course you can't, how do I explain it...
because bitcoin can also make a nation poor.
I think it all depends on the nation's system and its people. You can see big countries that are said to be rich countries. They can keep up with the cryptocurrency era but were almost in a recession. What do you think?

[slashz9]

poor people can't invest because they don't have money, because it's difficult for them to finance their daily lives, how can they invest, but if rich people buy bitcoin and then get profits and distribute them to the poor it might make more sense if something like That.

[fuer44]

Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?

In as much as Bitcoin has saved many lives from wallowing in poverty then we should take a smart look on what Bitcoin had done to many investors by improving there lifestyles and making them live in a fullfil abode. I think Bitcoin is going to do more with time if we give ourselves the opportunity to invest in Bitcoin no matter how turbulent the market want to be. The wise investors are the one cashing from the market while those that are always in a hurry to take there profits would only make little money from the market.

That's for crypto investors or traders who in this case must already have large capital, devices, a stable internet connection, and that can't be said to be poor. While the topic discussed was "ending poverty", meaning will all the poor people in the world be helped by bitcoin? If we are still discussing investing, trading, mining, in my opinion it will only make rich people more rich and have no effect on the poor.

[kak uli]

Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty

I don't think Bitcoin can end poverty in our nation today, because not everyone knows how Bitcoin works, most people among us just hear the name Bitcoin, they don't know what is use for, if it is for trading and so on. And another problem is that many people mistake all Altcoin to be bitcoins, which has lead many people into lossing alot of money by investing wrongly. With the rate of scammers out there today are now evening making it harder for people to invest sometimes, because they don't want to be rob of their hard earned money.

as I said in a previous post, where someone who doesn't know how bitcoin works will be impossible to benefit from and will even continue to be poor.
it's even true as you say, someone who doesn't know bitcoin and just hear about it always thinks that every cryptocurrency is bitcoin, even though it's very much different. because considering other crypto as bitcoin then that's where someone will be faced with a very big risk.

[cafee_orange]

How can bitcoin end poverty in a country if the people of that country do not know bitcoin and don't know how bitcoin works to get results?.
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better

[lousie9]

How can bitcoin end poverty in a country if the people of that country do not know bitcoin and don't know how bitcoin works to get results?.
I think Bitcoin can only change someone's fate from poor to rich if someone can understand how bitcoin works, whether it's trading bitcoin or investing in bitcoin. I think by knowing how, maybe bitcoin will change the life of a person or group for the better

I also agree with the opinion that you convey, to benefit from Bitcoin it all depends on how that person uses it. if that person or group doesn't know and doesn't really know how it works then it won't change anything.
but the most important thing in my opinion Bitcoin is not something that was created to easily eradicate the problem of "poverty" in a country. and I think people who are in real "poverty" definitely can't use Bitcoin to make a profit because to get a decent value from trading and investing Bitcoin will need capital.
whereas people who are truly in "poverty" do not even have enough to buy or buy basic necessities to eat and drink. then how can they take advantage of Bitcoin if they don't have better capital. Even Bitcoin won't be able to help those who can't use it.

[Mario Yamasaki]

I think poverty can be reduced but can never be eliminated, poverty seems to be a natural law, if there are poor people who become rich then on the other hand there are rich people who become poor, poor and rich are not a problem in life because between rich and poor of course there are things that are secrets life and need each other.

[nimogsm]

I do not believe that this is possible.It is up to the public sector and the Ministry of Economy to think about how to improve the well-being of their citizens, namely how to create more jobs, etc.Bitcoin can help save money and maybe even increase capital,but it certainly won’t lift a person out of poverty.He must invest something and must live on something.

[skarais]

Bitcoin cannot solve a country's poverty, but it might solve the financial problems of its users when they realize what its potential is.
Apart from being a currency, bitcoin is an investment asset. After all, not everyone would consider bitcoin as a currency or as an investment asset, and many people still don't realize what bitcoin's potential is in the long term.

I don't think bitcoin has any responsibility for solving a country's poverty, but it is something the government should think about. Employment, that is one of the most likely things to think about to reduce the unemployment rate which will ultimately reduce the poverty rate. Poverty is the government's problem, they are responsible for this problem.

[odunybiz]

Can people in poverty invest in bitcoin or invest in anything at all?

It's so hard for a poor person to invest. Even if they have the idea of what to invest in but they have no money to do it. Even if they manage to get the money through friends they will rather end up eating the money than investing.

Bitcoin helped, that is true, but it helps those that invested in it.

It's only helped those that purchase at the early stage. There are some people that enter the market late and are still in lost till today. Some has sold out of lost and some still hold for profit in the future.

[EarnOnVictor]

If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

It’s impossible for this criteria to be met because people on poverty has sufficient money for their food or else they are not categorized in poverty status. Bitcoin is not for people that has no money for spending other than their food because Bitcoin has high volatility that makes poor people gamble for there life. Bitcoin investment is only good when you are using extra money that you can afford to lose.

I’m not depriving poor people but introducing Bitcoin to them will just make their life more miserable when shit happened to their money.

I'm with you on this, for starters, no poor person can be able to buy Bitcoin, and if such struggles and tried to purchase it, it can't be substantial to alleviate his poverty. Besides, there are many assets and investments before Bitcoin, have they been able to do this poverty alleviation? No, which is why I know that Bitcoin will not do a miracle.

Besides, some people have money and still mismanaged their investment in the coin, and hence they lose. So, Bitcoin can't always make the poor rich, but smart people can benefit immensely from it.

[Ahli38]

Without knowing how bitcoin can provide real benefits for someone, it is impossible for Bitcoin to end poverty. unless some people know that by investing and trading in Crypto, Bitcoin in particular it is possible with bitcoin one can end the poverty that haunts us all. but trading and investing in bitcoin has a risk that is vulnerable, it takes precision and observance in trading and investing bitcoin to end poverty

so true. this is where the need for special education about cryptocurrencies and bitcoin so that everyone knows and has the same opportunities. but to end the poverty of a nation is certainly not possible at this time. especially with the lack of public knowledge of cryptocurrencies and bitcoin at this time. but currently countries like El Salvador are struggling to bring their country's changes to a better level, one of which is by legalizing Bitcoin as an alternative legal means of payment in that country side by side with the dollar. and the problem faced there is the same, namely the lack of knowledge about bitcoin. but the government there seems to be quite active in providing education related to bitcoin. although this step certainly takes a long time. but I'm pretty sure at least the investment that Nayib bukele has made in bitcoin will bring good returns for his country in the next bull run. and also the longer term.

[Woodie]

I dont know why you make bitcoin sound like its some free money waiting for anybody that needs it to take it, no this is not what bitcoin is!

By now we all know bitcoin Is cash equivalent,  which means to earn it you need to provide a service or sell some kind of product in exchange for it...better yet you can own bitcoins by buying them...forget about ending poverty using bitcoin its not some charity currency jeez we sending the wrong message to the world!

poor people can't invest because they don't have money, because it's difficult for them to finance their daily lives, how can they invest, but if rich people buy bitcoin and then get profits and distribute them to the poor it might make more sense if something like That.

There are numerous ways to earn btc besides having to buy it!

So basically the so called poor can use their talents lr skills to get paid in crypto.

[irhact]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin can't end poverty but it can easily reduce the percent of poor people in a country. Poverty can't be eradicated from the world, it's part of why the economy is moving, the society has to be unstable for their to be an economy. We must have both the rich, middle class and poor people and then depending on our decision we can change classes.

A country adopting Bitcoin can bring up the financial interest of the citizens which will make them become more interested in investing and technology which could lead them to make decisions that'll increase their chances of escaping poverty although we'll still have doubters and that's why poverty can't be totally eradicated.

[xSkylarx]

Can people in poverty invest in bitcoin or invest in anything at all?

Bitcoin helped, that is true, but it helps those that invested in it.

It's only helped those that purchase at the early stage. There are some people that enter the market late and are still in lost till today. Some has sold out of lost and some still hold for profit in the future.

How about those traders? Imagine there are traders right now that make a living from Bitcoin. Also imagine here in the forum those signature campaigns helping us and other participants. It is not all about investing or jumping early because if ever you purchase bitcoin way back in January and sell it off today, you still gain profit. Though it doesn't mean it will end the poverty, it is still there, but people who got into bitcoin now have extra income.

[ethereumhunter]

Can people in poverty invest in bitcoin or invest in anything at all?

It's so hard for a poor person to invest. Even if they have the idea of what to invest in but they have no money to do it. Even if they manage to get the money through friends they will rather end up eating the money than investing.

Poor people only focus on finding ways to survive daily without considering investing. They find it difficult to survive, so how can they start investing. Although bitcoin is a way to earn money through long-term investment, it seems impossible without having the money to buy it.

Those people could invest in bitcoins if they could get them for free, but now it is very difficult to get them.

[SOKO-DEKE]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

It is only possible to invest when your source of income is sufficient, so buying bitcoin would be extremely difficult for someone whose daily requirements cannot be met. Since Bitcoin has a fixed supply. I can't really say that it can completely eradicate poverty but it can pay rule by lowering the level of poverty.

Due to an economy that is constantly experiencing inflation, even when you earn a profit from your Bitcoin investment, it may occasionally be worthless.Things that cost $50 to purchase in 2020 now cost $100, with that it will be difficult for Bitcoin to pay smart rules in eradicate poverty completely.infact nowadays Bitcoin does not pay small investors but large investors and to get the money is hard because not job opportunities and the few poorest hat have the opportunity their pay rate is not standard to the economy.

[bangjoe]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

You need to know that bitcoin does not save the poor, but the correct logic is that they save themselves by using bitcoin. Basically you won't make bitcoins if you don't work, I guess that's a simple sentence, the point is if you don't improve your ability to get a job or business that can make more money then how can you have more bitcoins, it's just maybe to become a daily bitcoin trader which I can't really advise you.

If you want to invest in bitcoin, it's best to use money that you don't use for food and outside of your basic needs. in fact, it would be great if people invested in bitcoin using money that he is free to use. Bitcoin can indeed help poverty, however, if we don't use it wisely, then it can be a negative thing for us.

It’s impossible for this criteria to be met because people on poverty has sufficient money for their food or else they are not categorized in poverty status. Bitcoin is not for people that has no money for spending other than their food because Bitcoin has high volatility that makes poor people gamble for there life. Bitcoin investment is only good when you are using extra money that you can afford to lose.

I’m not depriving poor people but introducing Bitcoin to them will just make their life more miserable when shit happened to their money.

I think your words are quite logical, and indeed poverty is still poverty if you don't make improvements or increase your abilities so that you have better capacity to do work or business, say or suggest to poor people to invest in bitcoin with an economic situation that only meets needs from day to day is certainly not a wise decision, because investing in bitcoin must have cold money or money that is not needed in the near future.

[Paul Pogba]

I think the presence of bitcoin will never reduce or eliminate poverty, maybe there are rich people who are born from bitcoin or cryptocurrencies, but new poor people will appear again because of bitcoin or cryptocurrencies, we often hear of people investing in bitcoin by selling all the assets they have and when the price crashes then he becomes poor and stressed.

[MiF]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

No one who are in a poor status had become interested  on investing in crypto and if there's any who wanted to invest they are only few percent. So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

[rhodelmabanal]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

No one who are in a poor status had become interested  on investing in crypto and if there's any who wanted to invest they are only few percent. So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

Well you are right mate i agree with you, many poor people in my country did not even know how to use gadgets and they only get the news in the television, most of them didn't know about bitcoin so i also did not believe that bitcoin can end poverty in a nation. How it will end a poverty when only few people knows it in my country its a no for me.

[serjent05]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

No one who are in a poor status had become interested  on investing in crypto and if there's any who wanted to invest they are only few percent.

Isn't your sentence contradictory?  You said no one then on the next you say few percent.  What is it really?   But I don't agree with what you stated.  People who understand the potential of bitcoin regardless of their status will become interested in investing in Bitcoin.  So that interest of investing to bitcoin also sprouts on the mind of poor people the only challenge is that poor people often don't have enough to invest to what they think is profitable.  

So i think bitcoin cannot end the poverty it can only make the rich become richer a lot of poor people wanted to invest but the financial shortage is the problem many poor people also didn't know about crypto they don't even have a gadgets to know what's happening on social media its really hard.

Indeed Bitcoin cannot end poverty, Bitcoin is only a tool to use and the one who has the mind and power to end poverty is the government and its constituents if they work together to combat poverty.

[imamb]

not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

[Hamphser]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Its a digital currency and its just not right to have that impression that this would really be ending up on being a saviour on countries economy and solving out poverty.Yes, we cant really deny that there are lots who

had changed up their lives with their Bitcoin investment or overall cryptocurrency portfolio but we know that it would really be just small percentage if we do speak about poverty solving.
This is why as an individual then its better to mind off your own life on enhancing it out via investment whether on crypto or any other things as long it would really be that beneficial for you.
You are the only ones who could be able to solve out for yourself if we do speak about financial freedom and economic survivability.

[Newlifebtc]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is problem of us, and its the reason while everyone is interested of ensuring that we have what that can be giving us at least  four square meal daily, it's because of Poverty that make some people to go into some certain characters today, I believe that Poverty is a diseases I believe.

[Questat]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Its a digital currency and its just not right to have that impression that this would really be ending up on being a saviour on countries economy and solving out poverty.Yes, we cant really deny that there are lots who

had changed up their lives with their Bitcoin investment or overall cryptocurrency portfolio but we know that it would really be just small percentage if we do speak about poverty solving.
This is why as an individual then its better to mind off your own life on enhancing it out via investment whether on crypto or any other things as long it would really be that beneficial for you.
You are the only ones who could be able to solve out for yourself if we do speak about financial freedom and economic survivability.

Many people had changed their life upon investing in Bitcoin but also hide the fact that many people also lost their money and hopes when they are in crypto. A reason why we could not think that it save us and lifted the nation from poverty as it was just a tool to improve our living but not to the point that it carry the nation to grow its economic system. Because Bitcoin can't make magic and in order for a particular country to stop poverty, they will create a program focusing on this, not just by relying on Bitcoin. In fact, they are not investing yet...

[Hispo]

Bitcoin cannot end poverty itself, because Bitcoin is mostly about transfer of value. It is a payment system, a decentralized one.
Speculation itself is simply a game of redistributing value among those who participate in the market.

In my personal point of view, in order for a country to fight poverty, it is necessary to exploit natural resources, transform those natural resources into products and finally commerce those products in an efficient way. In order to do those things a cultured and educated population is necessary.

Bitcoin helps to access value and liquidity that already exist for those who live in bad-economic/banking situations but the wealth creation is a different process.

Also, mining Bitcoin is a special case, because in order to get profit an invested is necessary beforehand.

[puloweh555]

Relying on Bitcoin as the only solution to overcome poverty is unrealistic and inadequate. While Bitcoin has some advantages, such as giving individuals more control over their investments and savings, it cannot directly address the root causes of poverty. Poverty can be caused by structural factors such as lack of educational opportunities, economic injustice, and limited access to the resources needed for a decent life.

So it is important for countries to continue to strive to create inclusive and sustainable economic growth through the right policies and initiatives. Initiatives such as increasing access to education, job training, and investing in physical and social infrastructure can help tackle poverty.

In addition, the government can also strengthen social protection systems, such as health insurance and social insurance programs, to help individuals who are vulnerable to poverty. Thus, poverty alleviation needs to consider the various factors that affect poverty, and not depend on just one solution.

[suzanne5223]

not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

Even if everyone understands Bitcoin. BTC is still not the answer to everything and you guys appear to misunderstand that what Bitcoin only presented is an opportunity, not an end of poverty. It's impossible for BTC to end poverty in the life of an individual if the person didn't maximize the potential of BTC to the extent of it eliminates poverty in her life.
If an individual is into BTC, he/she may make an end means but that doesn't mean poverty has ended in his/her life.

[bettercrypto]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is part of human life and every country in the world faces this situation. In fact, poverty even teaches us things that we don't know, we learn to make a way to solve the problem that we actually have.

      It means that it is up to us how we accept the difficulties in our lives. Because every problem has a solution, and bitcoin is just one of the solutions for us to overcome the difficulty little by little.

[imamb]

not everyone understands about bitcoin, but there are factors from all the youth of today's era who understand bitcoin. bitcoin can save the economic crisis people who understand about investment and family. where I am a lot of teenagers who represent families understand about the crypto world that can make money and to make ends meet from poverty. only young millennials will be the generation of crypto global revolution

Even if everyone understands Bitcoin. BTC is still not the answer to everything and you guys appear to misunderstand that what Bitcoin only presented is an opportunity, not an end of poverty. It's impossible for BTC to end poverty in the life of an individual if the person didn't maximize the potential of BTC to the extent of it eliminates poverty in her life.
If an individual is into BTC, he/she may make an end means but that doesn't mean poverty has ended in his/her life.

I mean if people who understand the world of crypto like bounties, airdrop making a side can save a slump. but not everyone knows about the world. it's not the best means to become the main livelihood field, but to be a sideline of real work this can be better for increasing income. in the crypto world what is impossible

[Obari]

Poverty is a thing we have to put  an end to in terms of our life concerns it has eaten up our progress and will damage our society if we don't stand to overcome it
I think crypto currency today is a big opportunity for us all to put in interest in it is our time spent today that will yield our own project tomorrow
Many will quit after first loss and will never think of to try again but I believe at first that if we get to understand this platform there is reward people get confused because they do not pay much attention to detail of bitcoin and they end up to say it is complicated

[Twentyonepaylots]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is part of human life and every country in the world faces this situation. In fact, poverty even teaches us things that we don't know, we learn to make a way to solve the problem that we actually have.

      It means that it is up to us how we accept the difficulties in our lives. Because every problem has a solution, and bitcoin is just one of the solutions for us to overcome the difficulty little by little.

Indeed, but I must emphasized my thoughts that bitcoin investment is risky and should be taken by those who are financially stable. Poor sector cannot really use the bitcoin investment as a way to make their life good since there is a risk in doing this and they do not want to risk the little money that they have. Also, I think most of them would prioritized getting food on their table rather than these investments. Well, I think that is the reality, those who can really invest are the ones who can maximize the potential of these investments so it really boils down first to making your self be out of poverty in other ways before entering the crypto world.

[AnonBitCoiner]

Yes there is no doubt that bitcoin has overcome the poverty and one who have not any sort of money to make Investment in Bitcoin cannot try this technology to end poverty. I think those who cannot afford it should save some amount of money regularly from their savings and then they can easily make investment.

Some people are still unaware of the bitcoin investment and large population are from villages areas. Poverty will only ends when there will be equal opportunities to both poor and wealthy people because poor people don't have wide varieties of options to manage their sum of money so wealthy people become more wealthy and poor remains with their similar status.

[DiMarxist]

Bitcoin can make you to become millionaires and also can make you to become a poorest person, if you understand have the basic knowledge of bitcoin invest, and focus on the investment you will be such as giving individuals more control over their investments and savings know the risks involved. And if the person is not into crypto don't even understand Bitcoin investments, you just fall into bitcoin investment because of some certain stories or random project of bitcoin, you will lost the money that you use to invest, and stop investing, became poor, investing in bitcoin is risk.

[Grasper]

Money generally makes you live at best where you find yourself, you should picture bitcoin as money. The way it goes round can have a good implication in an economy but the economy must do what should to attract more of it. Be it bitcoin or real money, they could have impact in an economy since they worth a value. Except for the bitcoin decentralization that will not make it addable sometimes.

[WillyAp]

For me proverty is not the problem of a person but of the whole nation

Poverty is quite personal. Once you manage to put a few bucks aside, manage to have a austerious lifestyle, you can invest, make more, invest more..

[barisbilgili]

Bitcoin can make you to become millionaires and also can make you to become a poorest person, if you understand have the basic knowledge of bitcoin invest, and focus on the investment you will be such as giving individuals more control over their investments and savings know the risks involved. And if the person is not into crypto don't even understand Bitcoin investments, you just fall into bitcoin investment because of some certain stories or random project of bitcoin, you will lost the money that you use to invest, and stop investing, became poor, investing in bitcoin is risk.

risk with the possibility that it is very worth it. being rich or poor is a choice, and in Bitcoin we can get both depending on the way or path we take.
investing in Bitcoin without proper calculations and knowledge will make a person poor, but vice versa.

I think there are many possibilities to be able to make a lot of money from Bitcoin but it all comes back to yourself in finding the money.
I have known many people who have risen from poverty after knowing Bitcoin and I have also seen people fall into poverty because they know Bitcoin.
so it all comes back to itself, anything is possible.

[Aanuoluwatofunmi]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

[GigaBit]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Hi, poverty is a complex issue that requires a multi-faceted approach to address. While Bitcoin may have some benefits in helping individuals control their investments and increase their savings, it is not a panacea for poverty eradication. It's important to continue to work towards creating sustainable and inclusive growth through various initiatives and policies to address poverty at the national level.

To remove the poverty of a country, the people and the government of that country should take various poverty alleviation measures together. Alleviating national poverty is a difficult task. But Bitcoin can play an important role in this perspective. This is why it is necessary to raise social awareness of Bitcoin first. If it seems acceptable considering its positive and negative aspects, then it may be important to take action by investing in this platform. If the investor has suitable investment environment then he can invest otherwise I don't want to encourage him. Because of the volatility of this platform, one may has to hold one's investment for a long time.

[WillyAp]

risk with the possibility that it is very worth it. being rich or poor is a choice, and in Bitcoin we can get both depending on the way or path we take.
investing in Bitcoin without proper calculations and knowledge will make a person poor, but vice versa.

You are think bi polar. There is more than just rich and poor. There are hundreds of different levels.

 You want to leave poverty, learn to save up. But to do that you need a safe place to store.That is where wallets play a role.

[cydrix]

Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force. The uneven distribution of wealth in the nation is the source of poverty. Many individuals in underdeveloped countries continue to live in poverty while working hard every day, and this is mostly because a small number of people control the nation's wealth.

[YOSHIE]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In my understanding Bitcoin and poverty are two different things, Bitcoin is generally used by people as a form of investment, trading and so on, while poverty has various factors.

Talking about overcoming poverty, in essence: everyone, whether he is rich or poor, if they think a little how to train investing and learn about crypto/Bitcoin, of course the possibility of poverty can be limited and vice versa.

In general, I've seen people come to Bitcoin for the purpose of investing to free themselves financially, when they have the opportunity, understanding, anti-anxiety, learning the true meaning of Bitcoin/Crypto, what's more now that Bitcoin is widely known by the world community, if one's goal is to invest I think things can be done to overcome poverty, of course there are many ways that can be done with crypto.

However, for ordinary people who want to overcome poverty basically learn and understand the bad side of crypto/Bitcoin it is also very important including fraud and so on, so as not to be misguided, the aim of overcoming poverty, instead what happens is getting poorer, that's not good.

[Cryptomultiplier]

Poverty is a problem of the mindset, not money.  Wherein one has the knowledge on how to invest the money to yield profit, then that person cannot be said to be of a poverty standard.
When an individual has alot of Bitcoin and knows what to do with it, he or she cannot be poor, but without adherence to security protocol and accessing of risk of managing or investing such Bitcoin to yield profit, the problem of poverty will continue to loom.
Bitcoin can reduce poverty of individuals can be taught or mentored on how to mine, trade and invest its resources properly to the maximum benefit.

[WillyAp]

Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force.

Well if I'm poor and get 10 000 $ a month but waste those on whores and Drugs??

Who is to blame according to your believe?
No system explains and points the finger on poverty causes.

[summonerrk]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin is a truly powerful tool.
The country where I live has a low standard of living, such as in some African countries. And I have all cash flows controlled by banks. I can't even send money to my parents, because of the closure of all intermediary organizations that send money. But thanks to Bitcoin and Binance, I can easily send money anywhere in the world. At the same time, contests, retro drops and the like allow you to get a good bonus to my salary.
It turns out that Satoshi's brilliant idea has come true - we are free in terms of a distributed registry, blockchain.

[DevilSlayer]

It cannot end the poverty why did I say so? Because poverty is a state of mind, it is a state of mind that can be inherited from your family and from your friend. Even though bitcoin help a lot of people in terms of opportunities around us it cannot end the poverty. And also there is no medicine to end the poverty in the world because the balance of the world will be broken and there will be a chaos not only in the economy but in our society.
I said that because if you want to overcome poverty, the first thing that you should do is to change your state of mind and you can do it by changing your attitude. Bitcoin can change our life but our mental framework is the real key if we want to have a better life.

[Smartvirus]

Bitcoin is a currency though not like every other currecy out there but, first it is a currency and if you've got it then you've got it. If you don't, you look forward to buying some. Let's not forget, should money count as some of your measure of wealth, you've first got to earn it before your status is scaled and when you don't have enough to invest with, your exactly where you've always been.

Talking bout poverty, it takes time for pumps to happen and the poor barely have enough to set aside for any long term investment, its always about getting enough to feed often. Though, one could always try and better themselves through bitcoin but, it takes you to save you.

[gunhell16]

You know there are many options that can end the poverty we are facing. Because Bitcoin doesn't exist yet or hasn't been discovered yet, poverty is already there. The problem of poverty is experienced all over the world.

Now, at this time bitcoin already exists in the industry we are facing today, it can be a tool to fight the poverty we are facing today, this is if you know how to do it because if not it can also be a reason for you to sink even more in poverty.

[stomachgrowls]

You know there are many options that can end the poverty we are facing. Because Bitcoin doesn't exist yet or hasn't been discovered yet, poverty is already there. The problem of poverty is experienced all over the world.

Now, at this time bitcoin already exists in the industry we are facing today, it can be a tool to fight the poverty we are facing today, this is if you know how to do it because if not it can also be a reason for you to sink even more in poverty.

Neither it had been discovered nor existed or not it doesnt really be able to solve out poverty.This had been a long time global problem which is something that couldnt really be solved out no matter what.
Bitcoins is a digital currency and not something  that could solve out poverty in overall, yes it could help out some individuals on making their lives bit more better but only to those people
who are really that knowledgeable when it comes to things around.This is why its not really that something we should believed into our mind and also its not a tool
or solution in the first place because it wasnt meant to be on that way.

[WillyAp]

Nope. Bitcoin won't provide a reliable source of revenue to end poverty. Poverty will disappear if a corrupt administration is overthrown and replaced with one that can make the best use of the nation's resources and labor force.

You  are to be blame for that what I am try to say here is one can manage is can Bitcoin help people lever poverty because the rate of poor is getting larger
But somepeople are to be blame for been poor because lack of think and buy of thing that those make means

You weren't asked. My question went to @cydrix

[laurenB7742]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

After all, bitcoin is just an asset like any other, it gives you wealth or not is up to you, not bitcoin, so it cannot help alleviate poverty. What you say is only a positive side and those who have been successful with it, and those who invest in it but lose even lose everything because of investing in the wrong method, I don't see what you mentioned.
To eradicate poverty in a country, we need jobs and appropriate policies from the government to improve people's living standards, not just investing in bitcoin to alleviate poverty.

[Dalib]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

After all, bitcoin is just an asset like any other, it gives you wealth or not is up to you, not bitcoin, so it cannot help alleviate poverty. What you say is only a positive side and those who have been successful with it, and those who invest in it but lose even lose everything because of investing in the wrong method, I don't see what you mentioned.
To eradicate poverty in a country, we need jobs and appropriate policies from the government to improve people's living standards, not just investing in bitcoin to alleviate poverty.

I agree with your comment that eradicating poverty in a country requires more than just investing in bitcoin. While bitcoin and other cryptocurrencies can provide opportunities for wealth creation, they are not a solution to poverty on their own. Creating jobs and implementing appropriate policies to improve people's living standards are crucial steps towards reducing poverty in a country.

It is important to note that investing in bitcoin or any other asset carries risks, and it is not a guaranteed way to alleviate poverty. People should be aware of the risks involved and invest wisely, using proper research and analysis to make informed decisions.

[laurenB7742]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

In general, we can conclude that bitcoin has helped lives in many ways such as employability, financial freedom, income profitability and many other opportunities it has come to offer us all, many of the youths seek this financial freedom to invest in bitcoin and make profits from it over years since the banks can't give them this when they hodl their money in it, but bitcoin makes a good opportunity over years when you hodl your investment asset in it, El-Savador has been enjoying this same benefit ever since bitcoin adoption in the country and same applies to everyone all over the world the beeds a change in their financial economy with bitcoin.

After all, bitcoin is just an asset like any other, it gives you wealth or not is up to you, not bitcoin, so it cannot help alleviate poverty. What you say is only a positive side and those who have been successful with it, and those who invest in it but lose even lose everything because of investing in the wrong method, I don't see what you mentioned.
To eradicate poverty in a country, we need jobs and appropriate policies from the government to improve people's living standards, not just investing in bitcoin to alleviate poverty.

I agree with your comment that eradicating poverty in a country requires more than just investing in bitcoin. While bitcoin and other cryptocurrencies can provide opportunities for wealth creation, they are not a solution to poverty on their own. Creating jobs and implementing appropriate policies to improve people's living standards are crucial steps towards reducing poverty in a country.

It is important to note that investing in bitcoin or any other asset carries risks, and it is not a guaranteed way to alleviate poverty. People should be aware of the risks involved and invest wisely, using proper research and analysis to make informed decisions.

Quite frankly, bitcoin and cryptocurrencies are financial markets, and financial markets have winners and losers. When you sell at a high price to make a profit, there must be a buyer, and that person will be the loser, not all winners. That is the law of the financial market, and we cannot do otherwise.
Investing in bitcoin has a chance to get us out of poverty, but we need reality to solve life's problems. Don't exaggerate things too much because that won't help us either. To eradicate poverty really needs the help of the government and many other factors.

[Pierre 2]

If you are living in poor country with very bad currency Bitcoin can certainly help you with poverty. In my country wages decreased gradually beyond absurd levels so everyone around me work for something like 600-1600 USD which is very low when we compare with European countries. But Bitcoin helped me protect my wealth in eras where our currency depreciated. Bitcoin's mere existence helped many people around the world.

[Lorence.xD]

If you are living in poor country with very bad currency Bitcoin can certainly help you with poverty. In my country wages decreased gradually beyond absurd levels so everyone around me work for something like 600-1600 USD which is very low when we compare with European countries. But Bitcoin helped me protect my wealth in eras where our currency depreciated. Bitcoin's mere existence helped many people around the world.

Indeed, if I remember right there's a country even if you a million of their own currency, still you can be consider as poor. Since their currency is worthless with that if Bitcoin entry the market as their currency it might save them. It would be impossible to use as physical currency but as digital it would save their economic situation. Bitcoin indeed gave a lot of opportunity to anyone.

[Farma]

If you are living in poor country with very bad currency Bitcoin can certainly help you with poverty. In my country wages decreased gradually beyond absurd levels so everyone around me work for something like 600-1600 USD which is very low when we compare with European countries. But Bitcoin helped me protect my wealth in eras where our currency depreciated. Bitcoin's mere existence helped many people around the world.

well, basically bitcoin can indeed help us in economic problems if we also know how to use it. If someone in a poor country could take advantage of bitcoin then it could really help them with the economic problems they have. I've watched several documentaries that say that some poor countries even the average income of their citizens is not up to $ 100 per month, or not even more than $ 50. If they knew how to capitalize on bitcoin then I'm pretty sure they could increase their income significantly.

[Fakhrulenclix]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

if you have good knowledge, it's not impossible that Bitcoin is able to cover someone's poverty, be it by trading or investing, but what you have to remember is that all possibilities are very possible, given the very volatile price movements of Bitcoin.

well, basically bitcoin can indeed help us in economic problems if we also know how to use it. If someone in a poor country could take advantage of bitcoin then it could really help them with the economic problems they have. I've watched several documentaries that say that some poor countries even the average income of their citizens is not up to $ 100 per month, or not even more than $ 50. If they knew how to capitalize on bitcoin then I'm pretty sure they could increase their income significantly.

yes, that's true, but all of this is in line with the risks that will be faced.
In a poor country with low basic living expenses, it is indeed very possible to be able to benefit from Bitcoin to cover all their needs, or you could say someone gets out of poverty as long as someone has the desire and knowledge about Bitcoin.
however, the risk is still there that it could even be that a poor person will lose all his money if he is not able to control it properly on bitcoin.

[Supreemo]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

if you have good knowledge, it's not impossible that Bitcoin is able to cover someone's poverty, be it by trading or investing, but what you have to remember is that all possibilities are very possible, given the very volatile price movements of Bitcoin.

well, basically bitcoin can indeed help us in economic problems if we also know how to use it. If someone in a poor country could take advantage of bitcoin then it could really help them with the economic problems they have. I've watched several documentaries that say that some poor countries even the average income of their citizens is not up to $ 100 per month, or not even more than $ 50. If they knew how to capitalize on bitcoin then I'm pretty sure they could increase their income significantly.

yes, that's true, but all of this is in line with the risks that will be faced.
In a poor country with low basic living expenses, it is indeed very possible to be able to benefit from Bitcoin to cover all their needs, or you could say someone gets out of poverty as long as someone has the desire and knowledge about Bitcoin.
however, the risk is still there that it could even be that a poor person will lose all his money if he is not able to control it properly on bitcoin.

maybe not entirely but for sure it will provide more opportunities so that average people can have a shot on life, but as the situation of today, most people living in extreme environments wont be able to try this kins of method. i guess what's the most optimal thing to do for now is to spread awareness on bitcoin in general along with mass adoption of technology to some other countries who are having a hard time accessing technology. not only that but also teach people about financial awareness since even in my own home country it is the most crucial thing that needed urgent attention.

[demonica]

Is it poverty in general? Cause if we're talking about poverty in general, I don't think so. But individually, it's possible. In some cases, there are people who get into crypto and bitcoin and found opportunity to earn (and that's us) that helped them to uplift their lives. But not everyone has the same luck, opportunities and access to enter in this space. And not everyone had a positive result when they entered the space as well. And these are some of the factors that hinders other people (specially those who are struggling financially) to see Bitcoin as something that can help them get out of poverty.

[Gormicsta]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I believe you are correct that boosting access to savings and capital is a crucial step toward improving the economic status of individuals in society, but the usage of Bitcoin in the country might be for transfers. Cash transfers are transactions in which people transfer money back to their home nation from abroad. Remittances are frequently sent through traditional banking institutions, which can be costly and delayed. However, Bitcoin may be used to transmit money more rapidly and inexpensively, which might have a significant impact on those who rely on transfers to maintain their family. It might also help more people into the online economy and better their lives.

[btc78]

however, the risk is still there that it could even be that a poor person will lose all his money if he is not able to control it properly on bitcoin.

Exactly if bitcoin is not properly introduced to one person, they might put everything they have into investing into bitcoin and would expect that they would just get profit from that without knowing the risks and its consequences.

One might even get debts or sell their assets for a shot at a better life with bitcoin so it would be pretty devastating to see if one fails at it

[Baki202]

Is it poverty in general? Cause if we're talking about poverty in general, I don't think so. But individually, it's possible. In some cases, there are people who get into crypto and bitcoin and found opportunity to earn (and that's us) that helped them to uplift their lives. But not everyone has the same luck, opportunities and access to enter in this space. And not everyone had a positive result when they entered the space as well. And these are some of the factors that hinders other people (specially those who are struggling financially) to see Bitcoin as something that can help them get out of poverty.

I will agree that Bitcoin might be part of an individual solution, but the world will continue to have poor people, this has been there for generations the era of industrialization. a lot of people who were building industries and many more with their families are still enjoying their generational wealth. That is one thing about wealth it is built, so people who were not building theirs are still lying there, and that is why there will still be poor people.

And so people work according to their faith, Rich people have one thing in common: they never give up on whatever circumstance, that is what has gotten them to achieve their goal, Everything is mostly based on mindset, and people have grabbed the opportunity to invest in bitcoin, Wealth is an open opportunity, and if you continue to pay attention to the details of what is happening around you, that is how people become wealthy and take advantage of the opportunity. and if they try it and don't get results, they keep trying again.  and that is exactly what to do when you want to get out of poverty. At this point, it is now a matter of choice.

[Uhwuchukwu53]

Poverty is a problem of the mindset, not money.  Wherein one has the knowledge on how to invest the money to yield profit, then that person cannot be said to be of a poverty standard.

There is no doubt beyond this proof that what you said is reality about poverty it's not absence of money that make person poor but mindset example many has the resources , money but still poor due to inability to harness what they has from their mindset. No body can go out of poverty when your not highly articulating on investment that can move you out of that very condition.

BTC can improve the economic conditions of the nation and it's citizens if truly they harness the resources and invest wisely avoiding wasteful resources unprofitable area of life endeavors.

People with right thinking which or good mindset venture into investment and they changed their financial obstacle, just as those that started BTC it's their thinking and future clavoyant that make them what they are today, more for investment may not be huge for a start but may turn out mighty ocean at the end all lies in the hand of person with right thinking.

[harapan]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

Bitcoin helped, that is true, but it helps those that invested in it. To own bitcoin today, at least you are not leaving below the poverty line.

Poverty doesn't only come from a poor financial state or poor standard of living,poverty starts from the mind and until you conquer your mind against that poverty era,you still be stucked the poor living state,like they handed over poverty to you.

Secondly,poverty can only be reduced and cannot be easily eradicated,like the way people normally talk about it.Poverty can only be reduced and it has to start with you,it's a personal achievement about yourself that needs to be achieved with a positive step of creativity and a willingness to attain growth.

Lastly,bitcoin can be used to resolve poverty issues if you're been coached,assisted with the right source of information,randomly been put in order,propelled with the right mentorship,advanced knowledge and opportunities.

[Youngkhngdiddy]

There is no doubt beyond this proof that what you said is reality about poverty it's not absence of money that make person poor but mindset example many has the resources , money but still poor due to inability to harness what they has from their mindset. No body can go out of poverty when your not highly articulating on investment that can move you out of that very condition.

BTC can improve the economic conditions of the nation and it's citizens if truly they harness the resources and invest wisely avoiding wasteful resources unprofitable area of life endeavors.

People with right thinking which or good mindset venture into investment and they changed their financial obstacle, just as those that started BTC it's their thinking and future clavoyant that make them what they are today, more for investment may not be huge for a start but may turn out mighty ocean at the end all lies in the hand of person with right thinking.

  Imagine you are in poverty, barely enough money to get by, going to bed hungry. Living on the edge. Now, you don’t eat for a few days, you scrape some money together. Are you really going to put it into a risky and volatile financial instrument that you do not understand? Or are you going to buy food, clothing or shelter? Please, everyone, give up on this pipe dream that somehow crypto helps pull people out of poverty. Anyone that believes this really does not understand poverty at all. If you live in poverty you don’t risk your money on things that you cannot immediately take advantage of, life is day to day.
  I’m afraid crypto cannot solve this kind of problems. Right now by the majority crypto is seen as a way to protect savings. This is the reason why we can see the burst of crypto purchases during crisis. But it has no influence on people’s wealth. To have it and to be able to exchange it to anything you have to buy it.  The problem between poverty and money is not the form or type of money that is being used, but rather how that money is distributed and accumulated. Cryptocurrencies are still prone to the same problems that are prevalent in liberal market economies. CEO salaries are still questionably exorbitant, tax havens exist, special interest groups have large sway over governments, low-income earners have stagnating income against rising inflation rates, and a whole host of other problematic issues. Just because people are really starting to embrace cryptocurrencies, there is no clear indication that cryptocurrencies will have any meaningful impact on lowering the amount of people in poverty.

[STT]

I dont know about poverty so much but insolvency is more likely in countries where the national currency has collapsed this is best demonstrated.    If a country has a national currency so bad that business is impeded then Bitcoin is not required to be any angel perfect in its nature and efficiency it just has to be of some aid to the desperate and abandoned  in their business cash flow. It can be a vital life line for sure, partly this is down to dollar being a remote resource in some parts of the world also.

[Zanab247]

Poverty is a problem of the mindset, not money.  Wherein one has the knowledge on how to invest the money to yield profit, then that person cannot be said to be of a poverty standard.
When an individual has alot of Bitcoin and knows what to do with it, he or she cannot be poor, but without adherence to security protocol and accessing of risk of managing or investing such Bitcoin to yield profit, the problem of poverty will continue to loom.
Bitcoin can reduce poverty of individuals can be taught or mentored on how to mine, trade and invest its resources properly to the maximum benefit.

The best way to solve the problem is to struggle to get the money to look for something to invest, that will be bringing money to you to delete the poverty, and those that have the money to invest in BTC or other cryptocurrencies will not experience the poverty.

I have seen many BTC investors, who have made huge amount of money from BTC investmen because it has been long they have joined BTC investment to achieved huge amount of wealth to establish other businesses to be free from poverty.

Yes, BTC can delete poverty, when the country make it legalize for everybody in the country to have full access to BTC investment legally, and it will make some people to introduce it to their business to generate more money from their businesses.

[|MINER|]

Bitcoin helps but to get help from it you have to be associated with it. And to be associated with Bitcoin you have to invest in it. But can a poor person afford to invest in Bitcoin or any other business?  No, so even if Bitcoin helps, it is not for the poor. Because a poor man struggles to meet his basic needs. How can he invest in Bitcoin and benefit from Bitcoin?

[ferida504]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

Bitcoin helped, that is true, but it helps those that invested in it. To own bitcoin today, at least you are not leaving below the poverty line.

No, because bitcoin is an investment, just like when there are rich people with a lot of money, to help poor people get out of poverty there doesn't have to be bitcoin, but the presence of bitcoin will help people who previously didn't have a job. With the presence of bitcoin, people will start to think and explore more. bitcoin until you join, by joining slowly you will start learning until you get income from bitcoin, then that's when you start to feel that the results of bitcoin, even though we can't help other people, at least we can support ourselves.

[Kelward]

Bitcoin can better the lives of people in any country because it's a store of value and one of the best investments that anybody can go into, you don't have to be rich to become a Bitcoin investor, you can adopt the DCA method and increase your hodl. If held on the long term, it's returns on investment will keep increasing and make the holder very rich, so in this regard Bitcoin can end poverty for an individual, increase net worth of a company and increase the reserves of a country.

However Bitcoin can not eradicate poverty for an unemployed person who has no money to invest in it, you'd have to buy it with money and hodl until it's price increases before it can be profitable, also a person without a steady source of income might be tempted to sale prematurely when it's not profitable to do so. The advantage of Bitcoin compared to other forms of investments is that a low income earner can start with a small amount and accumulate till they'll become rich.

[FlamingFingers]

Bitcoin cannot end poverty, but it can curb it a little bit, not everyone believes in bitcoin, there are still tons of people who still believe that bitcoin is a pyramid scheme, not really knowing what bitcoin is.

Investing in bitcoin is extremely risky, not everyone has the foresight of seeing what bitcoin will do in the future and holding through during the bear season, a lot of people will cut losses if they see that their investment is going down, and there's an adage in crypto currency that if you can't hold you can't be rich, if majority of newbies who are introduce to crypto don't understand this, then curbing poverty might be difficult not to talk about eradicating poverty

[Bright0515]

Bitcoin has been in existence since 2009 but not everyone knows about this stuff especially our parents and some other adults who do not have any interest concerning online business or stuffs.
And Bitcoin is an online stuff right? so for me Bitcoin cannot erase poverty in a nation even if the government make it compulsory for every citizens by organizing tutorials not everybody would attend even if not that am still a young person I don't really find online things interesting so If I had been in the shoes of those adult I won't have been interested as well.

But in conclusion Bitcoin cannot end poverty in nation.
It can only help some number of people.

[Egii Nna]

Is it poverty in general? Cause if we're talking about poverty in general, I don't think so. But individually, it's possible. In some cases, there are people who get into crypto and bitcoin and found opportunity to earn (and that's us) that helped them to uplift their lives. But not everyone has the same luck, opportunities and access to enter in this space. And not everyone had a positive result when they entered the space as well. And these are some of the factors that hinders other people (specially those who are struggling financially) to see Bitcoin as something that can help them get out of poverty.

Bitcoin is a space where you can get rich no matter how poor you are. That is why many view it as the source to end poverty. If you explain and teach others, all you need to have is your knowledge and small capital that you will use to invest in, which with adequate research you can get. All that doesn't mean when you want to invest in bitcoin you don't need to invest with a higher amount but with the amount that you can afford to lose, so you can start with a small amount, which in the future you will get more gain and wish to add more.

So to me, I think bitcoin can bring an end to poverty, but when we look into consideration, we will see that not everyone is meant to be rich, so you might still invest in bitcoin, but you will just be losing because investment deals with holding, and you might still hold the bitcoin when the market is good but end up having an emergency when the market is down, so you will have no option but to sell those bitcoins at the rate because it is an emergency, so you see some will make a profit while you will be losing due to your luck in life.

[RockBell]

Exactly if bitcoin is not properly introduced to one person, they might put everything they have into investing into bitcoin and would expect that they would just get profit from that without knowing the risks and its consequences.

One might even get debts or sell their assets for a shot at a better life with bitcoin so it would be pretty devastating to see if one fails at it

Because what you comprehended in the introduction is what you will work with throughout your adventure, it will influence how your crypto experience unfolds. That's the reason they constantly stress the need of learning new things. It all comes down to how you apply the information to your benefit. There is plenty to discover. You have to take advantage of every chance if you truly want bitcoin to lift you out of poverty.

Everything has risk either it been between or not. Even has bitcoin will help you build wealth the same time it can reck you.  You will decide if you will calm down to learn and make money or make reckless move to lose money.

[livingfree]

Eradicating the entire poverty through Bitcoin is not possible. But if it's going to be each individual's poverty then it's possible that Bitcoin can help through the means of investing and holding it.

Check out those holders that have been holding Bitcoin since year's ago. You don't know how many of them were minimum wage earners and they're able to surprisingly earn through holding Bitcoin and able to uplift their lives and way of living.

Uplifting everyone in poverty isn't the job of Bitcoin. But those that have believed and took the risk buying it surely has been paid off now.

[Casdinyard]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

it cannot. Poverty is a systemic issue that something bitcoin alone wouldn't be able to fix. You're basically asking an antibiotic to solve brain cancer for you, which it couldn't do for all obvious reasons.

The fact that I was able to cash in so early in the bitcoin dream was nothing short of a lucky and I must point out, a very risky rendezvous that could've easily went to the other way, and I owe everything that I have to myself for not giving up and always believing in me, as well as my friends and family members who supported me even when I'm down. Not saying you couldn't experience the same thing, but statistically speaking, large baggers like me who are able to become rich or comfortably financed thanks to bitcoin at the very least are an anomaly that you shouldn't take as empirical evidence that bitcoin could change lives and solve poverty.

In my opinion, if you want poverty solved you must implore your government to do something about it, and from there take initiatives as well to change your life for the better. As I said poverty is a systemic problem that runs deep into society, and simply buying off cryptocurrencies on the market wouldn't solve it, you need to cut its roots down, to make sure it gets eradicated. Bitcoin alone wouldn't be able to do that.

[Slow death]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

it cannot. Poverty is a systemic issue that something bitcoin alone wouldn't be able to fix. You're basically asking an antibiotic to solve brain cancer for you, which it couldn't do for all obvious reasons.

The fact that I was able to cash in so early in the bitcoin dream was nothing short of a lucky and I must point out, a very risky rendezvous that could've easily went to the other way, and I owe everything that I have to myself for not giving up and always believing in me, as well as my friends and family members who supported me even when I'm down. Not saying you couldn't experience the same thing, but statistically speaking, large baggers like me who are able to become rich or comfortably financed thanks to bitcoin at the very least are an anomaly that you shouldn't take as empirical evidence that bitcoin could change lives and solve poverty.

In my opinion, if you want poverty solved you must implore your government to do something about it, and from there take initiatives as well to change your life for the better. As I said poverty is a systemic problem that runs deep into society, and simply buying off cryptocurrencies on the market wouldn't solve it, you need to cut its roots down, to make sure it gets eradicated. Bitcoin alone wouldn't be able to do that.

I agree with you and I want to add that bitcoin is a long-term investment, so being a long-term investment, we are talking about that at least the person should hold it for 4 years so that there are no losses, because historically the price of bitcoin for more If it drops a lot in certain years, it still manages to recover in 4 years. So a poor person would need to have the following conditions:

1 - He would need to have money to invest in bitcoin, and when we talk about money to invest in bitcoin, this poor person would need to have a decent amount of money, something like $500 at least, it turns out that poverty in first world countries is very different from being poor in third world countries, where $500 is a large amount. The minimum wage in my country, for example, is $250. so a poor person would have to work hard to get $500 if they don't have a job

2 - He would need to have a lot of patience, and when we talk about patience, I'm talking about putting the money in bitcoin and waiting for 4 years without using it, it happens that a poor person wants an immediate solution to change their life, they won't wait 4 years . That's why if someone gives her $500 she won't invest in bitcoin, she'll invest in something else that could generate a profit quickly. maybe after she finds a business that makes a profit she could start buying bitcoin

[kotajikikox]

Check out those holders that have been holding Bitcoin since year's ago. You don't know how many of them were minimum wage earners and they're able to surprisingly earn through holding Bitcoin and able to uplift their lives and way of living.

it’s really difficult for a minimum wage earner to invest in bitcoin especially if a) their country is a third world country and their minimum wage is barely enough for daily expenses b) they have previous commitments and responsibilities to pay c) the price of bitcoin is already too high

Yes they can buy through dca but even with that and transaction fees nowadays it’s extremely difficult to do so

[Volimack]

Bitcoin can end poverty but it is very difficult for poor people to hold bitcoin. Poor people cannot meet their basic needs properly and the standard of living is so low that it will not be possible for them to invest in bitcoins as they do not have enough money. Investors who have invested in bitcoin and hold it have seen their standard of living improve as bitcoin prices rise.

[knowngunman]

Bitcoin can end poverty but it is very difficult for poor people to hold bitcoin. Poor people cannot meet their basic needs properly and the standard of living is so low that it will not be possible for them to invest in bitcoins as they do not have enough money. Investors who have invested in bitcoin and hold it have seen their standard of living improve as bitcoin prices rise.

Well, we need to understand that bitcoin is not a poverty alleviation scheme despite that it has potential to make someone overcome poverty and it should not be seen as one. Let be realistic with ourselves for once. Poor people don't even have what it takes to invest in bitcoins both in knowledge and in finance. These people living in the third world countries don't have reliable internet and stable electricity to connect with the blockchain when necessary. What this people need to eradicate poverty is financial literacy and not bitcoin. It's the key factor for reducing poverty in any given society. People can begin to understand more about bitcoin and it works only if they have good knowledge and understanding of financial education because that's the best way to start from and perhaps bitcoin can be part of the process to break through from poverty. Financial breakthrough is what an individual needs first before thinking of owning a bitcoin.

[Renampun]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

if you think bitcoin is a toll road for someone to be free from poverty then I don't agree with that, bitcoin does help someone financially but that doesn't mean bitcoin can immediately make a poor person rich because being rich is a combination of perseverance - skill - patience - luck

however, Bitcoin is a good alternative if someone who is poor wants to change their economy and become rich, meanwhile knowledge must also be continuously upgraded, this is important because it is impossible for someone to become rich if their insight is not broad.

[Mahanton]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

it cannot. Poverty is a systemic issue that something bitcoin alone wouldn't be able to fix. You're basically asking an antibiotic to solve brain cancer for you, which it couldn't do for all obvious reasons.

The fact that I was able to cash in so early in the bitcoin dream was nothing short of a lucky and I must point out, a very risky rendezvous that could've easily went to the other way, and I owe everything that I have to myself for not giving up and always believing in me, as well as my friends and family members who supported me even when I'm down. Not saying you couldn't experience the same thing, but statistically speaking, large baggers like me who are able to become rich or comfortably financed thanks to bitcoin at the very least are an anomaly that you shouldn't take as empirical evidence that bitcoin could change lives and solve poverty.

In my opinion, if you want poverty solved you must implore your government to do something about it, and from there take initiatives as well to change your life for the better. As I said poverty is a systemic problem that runs deep into society, and simply buying off cryptocurrencies on the market wouldn't solve it, you need to cut its roots down, to make sure it gets eradicated. Bitcoin alone wouldn't be able to do that.

I agree with you and I want to add that bitcoin is a long-term investment, so being a long-term investment, we are talking about that at least the person should hold it for 4 years so that there are no losses, because historically the price of bitcoin for more If it drops a lot in certain years, it still manages to recover in 4 years. So a poor person would need to have the following conditions:

1 - He would need to have money to invest in bitcoin, and when we talk about money to invest in bitcoin, this poor person would need to have a decent amount of money, something like $500 at least, it turns out that poverty in first world countries is very different from being poor in third world countries, where $500 is a large amount. The minimum wage in my country, for example, is $250. so a poor person would have to work hard to get $500 if they don't have a job

2 - He would need to have a lot of patience, and when we talk about patience, I'm talking about putting the money in bitcoin and waiting for 4 years without using it, it happens that a poor person wants an immediate solution to change their life, they won't wait 4 years . That's why if someone gives her $500 she won't invest in bitcoin, she'll invest in something else that could generate a profit quickly. maybe after she finds a business that makes a profit she could start buying bitcoin

3. Does know on how to re-invest and diversify
You would really be needing up that kind of consideration if you are really that trying to aim on getting rich on which you wont really be that limiting yourself on investing on Bitcoin but also
into other altcoins or projects that we do have in the market on which it would really be that a common approach to have.

Ending up poverty isnt something that Bitcoin could be able to globally solving it out on which it would really be needing up that kind of amount on how much you have stashed
because it would really be just that basing up overall whenever the market would really be making out some shooting up into the moon. You cant really just that expect something
on becoming rich or wealthy if your portfolio amount or numbers is really just that peanuts then its better not to make yourself that delusional if you dont like on getting frustrated.

[uneng]

Thinking on public investments in Bitcoin performed by nations nowadays we have the example of El Salvador, which was discovered recently to be holding above 5000BTC, which were moved to a cold wallet. That means more than 318$ million dollars in public funds. But if we divide that total sum for the number of citizens the country has (6.336 million - 2022), we are going to end with 50$ bucks of dollar for each citizen, which is a very similar amount of money compared to the initial giveaway of 30$ the government offered to adopters in the country when they firstly went into Bitcoin legal tender.

It's definitely not enough money to solve the poverty issues of a nation. Maybe it's a powerful boost to improve the quality of public services and infrastructure at some point, but I believe the only way to get rid of poverty is through education, technological development and smartness to offer products and services which will be highly valued by the global societies, which can become potential foreigner customers.

That is how rich nations achieved the status they have today. They influence foreigner countries and make them consume their products and services. Meanwhile, third world countries don't develop anything by themselves. They just sell raw materials to the big ones and purchase the final product from the developed nations for very expensive prices.

[Assface16678]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

if you think bitcoin is a toll road for someone to be free from poverty then I don't agree with that, bitcoin does help someone financially but that doesn't mean bitcoin can immediately make a poor person rich because being rich is a combination of perseverance - skill - patience - luck

however, Bitcoin is a good alternative if someone who is poor wants to change their economy and become rich, meanwhile knowledge must also be continuously upgraded, this is important because it is impossible for someone to become rich if their insight is not broad.

Exactly! We know how bitcoin investment can bs helpful and can be a good source of income in doing different kind of things that is associated with bitcoin or crypto currency, but the thing is that bitcoin also bear with risk, because if not done with enough cautiousness then it is possible that you will lose money or your funds will be liquidated, but of course bitcoinnis free to all, anyone has the rights to invest on it in order to earn but as I said if its not done with proper knowledge, skill or even a basics then expect that you might lose money which might added to your situation, and as we kmow not all of us has the luxury or afford to lose money so it will be a very big risk if a person with just enough to live in daily basis does bitcoin stuffs, its like he will have a very big burden and at stake.

[Yukyzu]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

if you think bitcoin is a toll road for someone to be free from poverty then I don't agree with that, bitcoin does help someone financially but that doesn't mean bitcoin can immediately make a poor person rich because being rich is a combination of perseverance - skill - patience - luck

however, Bitcoin is a good alternative if someone who is poor wants to change their economy and become rich, meanwhile knowledge must also be continuously upgraded, this is important because it is impossible for someone to become rich if their insight is not broad.

What makes someone get out of poverty is not Bitcoin and I agree with what you say that those who have the skill and patience in collecting Bitcoin will of course be able to make a profit from the Bitcoin they hold, because without patience and skill in collecting Bitcoins, of course they will find it very difficult for them to earn income that can change their lives for the better than before and developing knowledge about Bitcoins is very important so that we can continue to make profits from collecting Bitcoins.

[martinex]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

True. of course there is no way. And now what actually needs to be strengthened is a basic understanding of what and what to invest in crypto, especially BTC. I think everything must be balanced and if basic needs have been met indirectly, the presence of cryptocurrency especially Bitcoin can be part of the solution to some aspects of poverty because it is seen as a powerful tool to increase financial inclusion and get out of poverty as you have also mentioned above.

[Mame89]

Bitcoin can end poverty but it is very difficult for poor people to hold bitcoin. Poor people cannot meet their basic needs properly and the standard of living is so low that it will not be possible for them to invest in bitcoins as they do not have enough money. Investors who have invested in bitcoin and hold it have seen their standard of living improve as bitcoin prices rise.

Bitcoin can end poverty but this is unlikely as there are many factors that could influence it. One of them is that if all major countries switch to CBDC, then bitcoin will de facto become a fiat currency/asset that will indirectly become the world's reserve due to its decentralized nature and lack of trust in CBDC.

So in the end bitcoin will become the most traded asset in the whole world and will level the playing field gradually because every society will have a little bit of bitcoin this way, such a scenario can or may be able to eradicate poverty. However, currently bitcoin cannot eradicate poverty, because poor people certainly cannot buy bitcoin. Only those who can afford to buy bitcoin will get them or at least out of poverty.

[reagansimms]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is not destiny, but the fate of those who still live within the poverty line are less fortunate. Fate can still be changed as long as you try persistently and utilize knowledge in a field. Only people who still live in poverty can change poverty, the state is only trying to reduce poverty, but cannot eliminate it 100%.

Bitcoin is only a tool that is considered to be able to improve the economy, but on the other hand it is also very risky. Poor people must rely on themselves and have the intention to get out of poverty and focus on their ability to improve their finances in their own way.

[HelliumZ]

Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

[btc78]

Poor people must rely on themselves and have the intention to get out of poverty and focus on their ability to improve their finances in their own way.

If you put it this way then it feels sad and unfair

While other rich people can just buy bitcoin and get even wealthier but poor people or even just in middle class have to work extremely hard to afford to invest in anything specifically bitcoin

The good thing is that there is good chance of profit and success in bitcoin so with the right direction, I am sure anyone can pull themselves out of poverty with bitcoin

[Mrbluntzy]

Can people in poverty invest in bitcoin or invest in anything at all? If living in poverty, someone may not be able to even have a successful three meals in a day, because there is no enough money for it.

True. of course there is no way. And now what actually needs to be strengthened is a basic understanding of what and what to invest in crypto, especially BTC. I think everything must be balanced and if basic needs have been met indirectly, the presence of cryptocurrency especially Bitcoin can be part of the solution to some aspects of poverty because it is seen as a powerful tool to increase financial inclusion and get out of poverty as you have also mentioned above.

What Charles-Tim said is correct. In every country there are usually poor people and rich people, the rich people keep getting rich while the poor continue to be poorer unless they understand the steps that can be adopted to remove their ass from poverty. So many people who are rich in our society today did not become rich because they invested into Bitcoin, so many of them first understand what money is, the power of money, where money can be find, how money can be multiplied and how to make money work for them.   Some people are just sleeping in their house but money is accumulating for them in a place they have invested it. Bitcoin can not end poverty, Bitcoin can help people to multiply the money they already had.

[serjent05]

I do not think that Bitcoin can end poverty, but I do think that if the government or institution take advantage of the opportunity Bitcoin brings can at least improve the socio-economic status of its people.  Bitcoin cannot end poverty but with the good planning of the government, it can open many opportunities to people.

I agree with you and I want to add that bitcoin is a long-term investment, so being a long-term investment, we are talking about that at least the person should hold it for 4 years so that there are no losses, because historically the price of bitcoin for more If it drops a lot in certain years, it still manages to recover in 4 years. So a poor person would need to have the following conditions:

1 - He would need to have money to invest in bitcoin, and when we talk about money to invest in bitcoin, this poor person would need to have a decent amount of money, something like $500 at least, it turns out that poverty in first world countries is very different from being poor in third world countries, where $500 is a large amount. The minimum wage in my country, for example, is $250. so a poor person would have to work hard to get $500 if they don't have a job

If a person doesn't have the money but have the skills and the knowledge,  he can acquire Bitcoin by looking for a job that pays in Bitcoin.  He can do freelancing that pays in Bitcoin as a side job aside from his full time job.  This way he can accumulate Bitcoin with his time and effort and not with his money.

2 - He would need to have a lot of patience, and when we talk about patience, I'm talking about putting the money in bitcoin and waiting for 4 years without using it, it happens that a poor person wants an immediate solution to change their life, they won't wait 4 years . That's why if someone gives her $500 she won't invest in bitcoin, she'll invest in something else that could generate a profit quickly. maybe after she finds a business that makes a profit she could start buying bitcoin

True that, at the current situation, Bitcoin price increment is not as high as it was in its early years.  To have a significant profit that can change life, one needs a huge amount of investment.  A hundred or a thousand dollar investment won't make anyone rich nor have a life-changing effect.  If one wants a significant profit from his Bitcoin investment, he needs more than two cycle which can take more than 8 years of waiting which most poor households can't afford.

[moneystery]

bitcoin is a decentralized p2p transaction system which is designed to bridge transactions between people. because it is intended for transactions, that means bitcoin is the same as digital currency and it cannot overcome poverty on a large scale, it can only be applied to individuals and the results are not necessarily successful, because it depends on how the individual manages their investment in bitcoin.

in particular, the value of bitcoin is unstable and at any time people's investments in it can decrease in value, so it is quite risky for people who are still new to investing in bitcoin.

[BD Technical]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is not written by anyone or I don't want anyone to insult or hurt others because of poverty but poverty that will cure you bitcoins is wrong.  Because pitcon is never out of charge To get bitcoin you must do something that not everyone can do and a poor person without education can't do it in life.  You don't have to invite to do this or work on it without invite or you will never earn bitcoins you must work on it and find the market.  Bitcoin is never going to let a man come and tell you I gave you a bit, let your responsibility go away, it's your right, you have to take away your right, you have to earn it.

[angrybirdy]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Poverty is not written by anyone or I don't want anyone to insult or hurt others because of poverty but poverty that will cure you bitcoins is wrong.  Because pitcon is never out of charge To get bitcoin you must do something that not everyone can do and a poor person without education can't do it in life.  You don't have to invite to do this or work on it without invite or you will never earn bitcoins you must work on it and find the market.  Bitcoin is never going to let a man come and tell you I gave you a bit, let your responsibility go away, it's your right, you have to take away your right, you have to earn it.

you have a point, not everyone has a capability to learn bitcoin and we all know that bitcoin value is volatile, the value of this coin can change without notice depends to the market movement that's why I don't think this is the key to resolve the poverty, Maybe it can lessen but not totally end the poverty because some people in a society destined to become poor to balance the entire society and that's the truth. Take note that it's kinda hard to have at least 1 bitcoin so it is not really surprising if this will not be the answer to solve poverty in every country.

[Marvell1]

Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

But how will bitcoin reduce a country's inflation? And inflation is also one of the factors that causes people to fall into poverty, so if bitcoin can help reduce inflation for any country, it will also contribute somewhat to poverty reduction. Honestly, I don't see bitcoin having any impact on a country's economy since it's just a highly volatile asset.

To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.

[Furious 7]

To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.

Broadly speaking, in terms of prospects and progress to date, no one will doubt the real bitcoin, it's just that there are several conditions where they are still unsure and prestigious or do not want to admit that bitcoin is one of the best investment assets because this can interfere with the interests of some of them.

Nowadays, many people know and want to be in bitcoin but on the other hand they also don't want to learn more about bitcoin which makes this also another problem where bitcoin becomes a tool that is good but cannot be maximized.
I personally in the end if it refers to the initial topic where bitcoin can change the situation for a larger scope I am not sure because in the end for the scope of a country it is not easy because indeed they cover all aspects in one state but for problems in a small family I think it can still be because I have also felt that in the end with bitcoin at least the quality of my economy is more secure.

[AnonBitCoiner]

you have a point, not everyone has a capability to learn bitcoin and we all know that bitcoin value is volatile, the value of this coin can change without notice depends to the market movement that's why I don't think this is the key to resolve the poverty, Maybe it can lessen but not totally end the poverty because some people in a society destined to become poor to balance the entire society and that's the truth. Take note that it's kinda hard to have at least 1 bitcoin so it is not really surprising if this will not be the answer to solve poverty in every country.

This is the reality that not everyone can learn about Bitcoin therefore it cannot be a solution to overcome poverty but if more people move towards it without knowledge then they can become poor due to loss of money. Poverty can only be ended with the help of Bitcoin if a person possesses full command of his investment and does not feel sorrow due to market changes.

The overall population of the world cannot accept Bitcoin due to financial instability and those who have money will not surely gain profit from Bitcoin because everyone cannot understand this type of investment and cannot continue due to lack of knowledge and lack of the ability to use patience.

[gunhell16]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

If you can buy a lot of bitcoin now and hold it until it reaches 150k, it is possible. Because honestly speaking, this is just real talk. Bitcoin in this era will only make you rich if you are like Michael Saylor, Elon Musk, Vitalik, and other famous people or big companies or institutions investors who, once you are able to buy a lot of bitcoins, will become very rich indeed.

But for people like me, I won't be able to get rich if I only focus on Bitcoin; instead, it will only happen if I focus on altcoins and give time to accumulate, knowing if there are really
potentials in the future.

[0t3p0t]

Sonce Bitcoin is just a tool for everyone to achieve financial freedom I think there is the higher chance for that depending on how and what people are doing with their Bitcoin investments. Though there are a lot of ways to earn or accumulate Bitcoins without spending our own money but yeah it all matters on our strategy to rise up from poverty and I believe it is very possible.

[Gaza13]

Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

Agree with what you say, it is the state system that must be responsible for poverty which is increasing every year in various countries, because there are still many who misappropriate state money into personal accounts or other partners, and this action is not strict, for officials and only sharp downwards. For me, who is really very poor, I think it is very difficult to save, let alone buy assets. They only think about how they will eat the next day

However, if they can rise from the depths of poverty, I think they can slowly ask what to save for the future, usually they believe more in gold because of their lack of knowledge about bitcoin. Maybe they need a process to find out what bitcoin is? If they already understand this, they will definitely choose Bitcoin in the future.

[WillyAp]

Agree with what you say, it is the state system that must be responsible for poverty which is increasing every year in various countries, because there are still many who misappropriate state money into personal accounts or other partners, and this action is not strict, for officials and only sharp downwards. For me, who is really very poor, I think it is very difficult to save, let alone buy assets. They only think about how they will eat the next day

However, if they can rise from the depths of poverty, I think they can slowly ask what to save for the future, usually they believe more in gold because of their lack of knowledge about bitcoin. Maybe they need a process to find out what bitcoin is? If they already understand this, they will definitely choose Bitcoin in the future.

No poor can save something, that is the very reason they stay poor.
No discipline, no effort to make it happen,rather enjoy on day and suffer for a month behavior patterns.

[legendbtc]

Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

Agree with what you say, it is the state system that must be responsible for poverty which is increasing every year in various countries, because there are still many who misappropriate state money into personal accounts or other partners, and this action is not strict, for officials and only sharp downwards. For me, who is really very poor, I think it is very difficult to save, let alone buy assets. They only think about how they will eat the next day

However, if they can rise from the depths of poverty, I think they can slowly ask what to save for the future, usually they believe more in gold because of their lack of knowledge about bitcoin. Maybe they need a process to find out what bitcoin is? If they already understand this, they will definitely choose Bitcoin in the future.

Agreed that the government system is largely responsible for the country's poverty and economy. But political war is not as simple as we think, politics is what is killing people every day. Even if your government is trying to find ways to move the country forward, if major governments like the US or China seek to embargo or restrict your government just because of some disagreements in the international arena, it is inevitable that your country will fall into deadlock.

Besides corruption, there are other reasons why governments are weak and have difficulty moving the country's economy forward. Small countries and third countries are both strongly influenced by large countries and that is also one of the causes of large inflation in third world countries.

[Learn Bitcoin]

The overall population of the world cannot accept Bitcoin due to financial instability and those who have money will not surely gain profit from Bitcoin because everyone cannot understand this type of investment and cannot continue due to lack of knowledge and lack of the ability to use patience.

To be honest, Bitcoin is not for everyone. Bitcoin is for everyone only if they use this as a payment channel or do not expect any good returns from it. People will low capital always end up losing money by investing in bitcoin because of their poor money management. People can make a profit out of Bitcoin only if they have good money management skills. If you invest $10 in Bitcoin, you should forget about this money. But people invest $10 in Bitcoin and start checking the price every day and check what is their position at this moment.

People should understand that Bitcoin won't give you profit overnight. We don't know how long it may take to give you a good return. Bitcoin is for people who have patience with their investments. They have to wait with their investment instead of checking it every day which is not possible for everyone. A person with a $3 average income a day cannot invest and forget about it.

[Alone055]

Sonce Bitcoin is just a tool for everyone to achieve financial freedom I think there is the higher chance for that depending on how and what people are doing with their Bitcoin investments. Though there are a lot of ways to earn or accumulate Bitcoins without spending our own money but yeah it all matters on our strategy to rise up from poverty and I believe it is very possible.

How exactly? You see, the poor population in an economy is the one that doesn't have access to basic amenities, electronic devices, and internet services is a far thing for them and one can't even know about Bitcoin if they don't have these things. You can't expect someone living in a hut made of plastic bags eating once a day to know anything about technology and innovations such as Bitcoin, and if they don't know anything or have any way to access it, I don't see how they can utilize it to end their poverty.

And, even if they manage to gain access to an internet connection, buy the cheapest device, and gain access to tools and stuff to use Bitcoin and other cryptocurrencies, they wouldn't have the funding to get involved. Bitcoin doesn't do magic, you can't just create a wallet, read some magical lines, and receive Bitcoin in your wallet. You need money to earn money, and Bitcoin and other cryptocurrencies work with the same rule.

So, I don't agree that Bitcoin or any other cryptocurrency can end poverty because they are only available for people who are doing pretty well because others can't utilize them to achieve gains.

[Marvell1]

To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.

Broadly speaking, in terms of prospects and progress to date, no one will doubt the real bitcoin, it's just that there are several conditions where they are still unsure and prestigious or do not want to admit that bitcoin is one of the best investment assets because this can interfere with the interests of some of them.

Nowadays, many people know and want to be in bitcoin but on the other hand they also don't want to learn more about bitcoin which makes this also another problem where bitcoin becomes a tool that is good but cannot be maximized.
I personally in the end if it refers to the initial topic where bitcoin can change the situation for a larger scope I am not sure because in the end for the scope of a country it is not easy because indeed they cover all aspects in one state but for problems in a small family I think it can still be because I have also felt that in the end with bitcoin at least the quality of my economy is more secure.

As I said, bitcoin will have a significant impact on the individual or organizational economy. But I also need to emphasize again that whether you can leverage bitcoin to improve the economy depends entirely on you, not bitcoin. I mean, to earn good profits from investing in bitcoin, it will depend on one's level and skills. Things will not be as simple as just spending money and investing in bitcoin will make everyone rich or improve their economy. Bitcoin is just a tool and whether we can take advantage of it or not depends on each person.

[Huppercase]

This is the reality that not everyone can learn about Bitcoin therefore it cannot be a solution to overcome poverty but if more people move towards it without knowledge then they can become poor due to loss of money. Poverty can only be ended with the help of Bitcoin if a person possesses full command of his investment and does not feel sorrow due to market changes.

I'm not sure if I understand you very well but I want to you to know something. You don't need wide knowledge of Bitcoin to be able to make money from it, if you understand how to buy and how to sell when you are profitable enough, I think you are good to go but if you really want to last here, you need more knowledge so that you don't end up like one guy that used 10 Bitcoin to order pizza or be that guy that forgot the hard drive that contains millions worth in the dump yard.

Bitcoin can't end poverty, it can do that perhaps when it was still cheaper but now it's too expensive to buy, where do you expect a poor person to raise a big amount of money to buy a full bitcoin when they can't afford to buy a plate of food and buying $100 worth wouldn't make you richer because even though Bitcoin do 3x, you would probably would just make money to pay house rent for that month, that's if it will be enough.

The overall population of the world cannot accept Bitcoin due to financial instability and those who have money will not surely gain profit from Bitcoin because everyone cannot understand this type of investment and cannot continue due to lack of knowledge and lack of the ability to use patience.

The world feel trapped by the government, they wouldn't allow that happen under their eyes, recently JP. Morgan still refer Bitcoin as a scam investment, now imagine if such people that influenced financial system continues to attack Bitcoin in that manner, even the government will support them because they are all involved in their traditional financial system.

[Promocodeudo]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Your thread look more like a question but you started stating how Bitcoin can end poverty which I was not satisfied with, Bitcoin created as an easy means of traction between peers before it was later introduced as an investment, do you think that everyone knows about Bitcoin, I must tell you the truth Bitcoin can not end povery because this was meant to exist natural among humans, even though the givernment of different nations decide to adopt bitcoin as a legal tender today, many people may not be interest and my not afford it no matter the amount and the strategy is available for anyone to purchase it, some people are living below one dollar many nations so you don't exepect bitcoin to perform such magic.

[shield132]

No country can end poverty without producing goods and investing in education. If no one produces products inside, no one produces food, no one works, how can Bitcoin magically end poverty? Those who think that Bitcoin can end it, they just hope that Bitcoin's value will increase over time and poor countries that have purchased Bitcoins earlier, will have a lot of money in the future and poverty will magically end. That's not true, even if any country follows this plan and Bitcoin will significantly rise for them, they still won't end poverty because it takes more than money for poverty to end. They need to bring highly skilled laborers that will teach local people how to do welding, plumbing and etc. They need highly qualified professors that will teach business management, engineering, medicine and other professions to locals. That's why they'll end poverty, Bitcoin will only give them a little boost financially but I don't think that will be enough for any country with population more than a million people.

[dezoel]

Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

But how will bitcoin reduce a country's inflation? And inflation is also one of the factors that causes people to fall into poverty, so if bitcoin can help reduce inflation for any country, it will also contribute somewhat to poverty reduction. Honestly, I don't see bitcoin having any impact on a country's economy since it's just a highly volatile asset.

To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.

Even if a government or a country does utilize Bitcoin to get their economy better, I don't think that will impact the lives of the poor living in that country because we can see all around the world where countries that have very good economies but there are still poor populations in those countries which means that the government doesn't specifically do anything for those who are poor but they only do things on a larger scale which might affect the economy a little bit no individuals.

For individuals, Bitcoin can only do something for them if they can access it and make investments in it, but someone poor won't be able to do any of the two because they can't afford it, a poor can't have an investment capital to start investing in Bitcoin and they also can't buy devices to use Bitcoin.

[lizarder]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

How can someone who doesn't have money invest in Bitcoin and do you think you can think about investing in conditions of poverty that are affecting most people? The data you collected from shows that around 1.7 million people in your country have been involved in it and what is strange is that they are classified as poor people. It is so difficult to provide for their daily living needs, how can they focus on investing with the inability to buy.

Bitcoin helps anyone but those who have the opportunity to invest. But if people are not involved in it then there is no opportunity to reach the stage of improving poverty levels. Eradicating poverty is not an easy thing, especially if your country does not have jobs that can be done by the wider community so poverty is something that is difficult to eradicate.

[Y3shot]

Check out those holders that have been holding Bitcoin since year's ago. You don't know how many of them were minimum wage earners and they're able to surprisingly earn through holding Bitcoin and able to uplift their lives and way of living.

it’s really difficult for a minimum wage earner to invest in bitcoin especially if a) their country is a third world country and their minimum wage is barely enough for daily expenses b) they have previous commitments and responsibilities to pay c) the price of bitcoin is already too high

Yes they can buy through dca but even with that and transaction fees nowadays it’s extremely difficult to do so

Not all minimum wage earners find it unable to hodl bitcoin,  for those who truly understand what bitcoin is all about, no matter what they recieve as allowance they try their best to buy as little they can afford hodl. If you don't really understand bitcoin no matter the high earning you recieve it will be always difficult to invest in bitcoin.  Sometimes investing in Bitcoin is not just about how much you earn but the kind of mindset you have towards bitcoin. Investing bitcoin is never easy for people who don't understand it irrespective of how much you earn.  People who don't have good understanding about bitcoin are always inquisitive of earning money quick in bitcoin.

[AnonBitCoiner]

To be honest, Bitcoin is not for everyone. Bitcoin is for everyone only if they use this as a payment channel or do not expect any good returns from it. People will low capital always end up losing money by investing in bitcoin because of their poor money management. People can make a profit out of Bitcoin only if they have good money management skills. If you invest $10 in Bitcoin, you should forget about this money. But people invest $10 in Bitcoin and start checking the price every day and check what is their position at this moment.

People should understand that Bitcoin won't give you profit overnight. We don't know how long it may take to give you a good return. Bitcoin is for people who have patience with their investments. They have to wait with their investment instead of checking it every day which is not possible for everyone. A person with a $3 average income a day cannot invest and forget about it.

Yes this is the big fault of Bitcoin investors that they hold bitcoin longer but wish to earn lots of money in a day due to which their emotions increase which will force them to do something worse that will just spoil their money. Market fluctuations will put wrong impacts on your investment if you get fear about lower price so don't be afraid and trust that Bitcoin will reach to your desired value.

Bitcoin holders should not think emotionally because they have to know about the fact that Bitcoin increase will take longer so regularly checking the price will just put you in a stressful situation. If someone invests in Bitcoin then he should think that taking profit before four years is not possible so by remembering this he will not think emotionally and will be ready for every condition.

[Fortify]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

You seem lost as to what Bitcoin actually is or can do for people. It's a way for people to exchange value, so that people don't have to swap pineapples they harvested for a haircut. A currency does solve any sort of poverty by itself, for that you need to have value creation activities taking place and on a wide enough scale to lift people out of a subsistence style economy. You should explain exactly how you think bitcoin has helped people increase their savings, because most people who were poor before bitcoin are still equally poor now. If people have access to an internet connection then they most likely have access to all sorts of other resources and can get credit, but that's got nothing to do with bitcoin.

[passwordnow]

There are countries that have produced a lot of finance experts and citizens that have financial education and IMHO that adds a greater gain to the economy of those counties. So, it's about knowledge and not actually the product that they're going to use or the services that they're going to make. As long as most of the citizens are in-depth and well versed to Bitcoin or anything related to money, that can end the poverty from that country. But it also differs per preference of each citizen. Some may not prefer to get into these things even if it's promising and has the potential to end the cycle of their family's poverty.

And that's why if you're into that stage of thinking if it's going to end poverty of a nation, it possible can. But every nation has their own problems wherein the citizens can't be pushed to the best that they can and we've got different point of views to this regard. We are optimistic but on the otherhand, there goes the pessimistic folks that are thinking oppositely, obviously, that there's no way to end poverty but by just the traditional method that we used to know like in business or high salary jobs.

[Learn Bitcoin]

Bitcoin holders should not think emotionally because they have to know about the fact that Bitcoin increase will take longer so regularly checking the price will just put you in a stressful situation. If someone invests in Bitcoin then he should think that taking profit before four years is not possible so by remembering this he will not think emotionally and will be ready for every condition.

True. I agree with you.
I have said those things because this is a usual and common thing that happens around us. If you ask new Bitcoin investors that how many times do you check the price of Bitcoin in a week? Most of them will say more than ten times. This is their money, I cannot ask them not to check the price. But the fact is, they are new and desperate about their investment.

People who do not have enough patience won't be able to hold their Bitcoin for a long time. They will end up selling their Bitcoin if they need money. People with low capital also won't be able to hold for a long, because they cannot afford to have all their money in a bank for a long time. This is why, Bitcoin won't be able to reduce the poverty. It will make rich people more richer.

[lizarder]

True. I agree with you.
I have said those things because this is a usual and common thing that happens around us. If you ask new Bitcoin investors that how many times do you check the price of Bitcoin in a week? Most of them will say more than ten times. This is their money, I cannot ask them not to check the price. But the fact is, they are new and desperate about their investment.

That's the problem because checking the price of bitcoin excessively will cause panic when the market experiences a sharp decline. They should have a plan that the bitcoin they own will be held until it reaches the desired price. If the price has not been reached then just wait and there is no need to panic under any circumstances because bitcoin always gives birth to moments of recovery and will always be in an upward condition after a four-year period.

People who do not have enough patience won't be able to hold their Bitcoin for a long time. They will end up selling their Bitcoin if they need money. People with low capital also won't be able to hold for a long, because they cannot afford to have all their money in a bank for a long time. This is why, Bitcoin won't be able to reduce the poverty. It will make rich people more richer.

Patience is needed when investing because patience will be a bulwark for anyone not to get involved in panic. The way to do this is don't invest too much and leave some money for your needs, so that when they need money they don't have to sell bitcoin. If people understand the concept of investment then I am sure people will get a chance for financial freedom and wealth will be proportional to the amount of money we put in investments based on the right pattern.

[TEBTC]

Bitcoins investment and it's prospects for the less privelag and poor in society can't be overemphasized as it has allot of promise to the poor in our society, I can categorically say that Bitcoin is the future of the world economic growth and stability so it has the capacity to end poverty in any society as it value increase progressively over time that means more money to the investor and Bitcoin investment is the antidote to ending poverty especially in economical less privelag places like Africa

[Learn Bitcoin]

Patience is needed when investing because patience will be a bulwark for anyone not to get involved in panic. The way to do this is don't invest too much and leave some money for your needs, so that when they need money they don't have to sell bitcoin. If people understand the concept of investment then I am sure people will get a chance for financial freedom and wealth will be proportional to the amount of money we put in investments based on the right pattern.

I agree with all of that. But, if we come back to the topic, we were talking about if it's possible to end poverty with Bitcoin. But I disagree because everyone does not have money management skills. We know that money management is the most important part of everything. Not only in investments but it is important in everything like running the business and even running a family.

You have to consider Bitcoin investment as an expense instead of an investment if you want to hold it for a long time. So, you don't need the money once you spend it. But, if you wait eagerly to make profit from your Bitcoin, I am sorry but that is not going to happen in one night. This is why Bitcoin won't be able to end the poverty.

[qwertyup23]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

Bitcoin can have an effect into poverty but I doubt that it can completely eradicate it given the circumstances being faced by each country.

Remember that developed, developing, and underdeveloped countries have their respective economic and financial struggle that varies depending on their priorities. For example, underdeveloped countries have problems ranging from having no access to basic needs (e.g. clean water, food, infrastructures, etc.); while developing and developed countries may still struggle with having job opportunities, corruption, etc.

Sure, Bitcoin has significantly improve some of the lives of the investors but it being used as a tool to completely eradicate poverty? I doubt so- but it can definitely fix a dent on the economic struggle of some countries if they have laws that align with its interest for its people.

[Y3shot]

Bitcoins investment and it's prospects for the less privelag and poor in society can't be overemphasized as it has allot of promise to the poor in our society, I can categorically say that Bitcoin is the future of the world economic growth and stability so it has the capacity to end poverty in any society as it value increase progressively over time that means more money to the investor and Bitcoin investment is the antidote to ending poverty especially in economical less privelag places like Africa

So you mean bitcoin can make you to be rich? No doubt bitcoin is good and has add good value to people financially.  One thing about bitcoin is that you need to have money for bitcoin to give you money. People that are trading and investing in Bitcoin if at all they become financially elevated in the future it is not because Bitcoin did for them without them doing anything.  You must first have something doing first as a source of income before bitcoin will add it own value.  Bitcoin doesn't just make people to be rich just like that , their is a need to get source of income before you can be rich in bitcoin.

[Bravut]

Bitcoins investment and it's prospects for the less privelag and poor in society can't be overemphasized as it has allot of promise to the poor in our society, I can categorically say that Bitcoin is the future of the world economic growth and stability so it has the capacity to end poverty in any society as it value increase progressively over time that means more money to the investor and Bitcoin investment is the antidote to ending poverty especially in economical less privelag places like Africa

So you mean bitcoin can make you to be rich? No doubt bitcoin is good and has add good value to people financially.  One thing about bitcoin is that you need to have money for bitcoin to give you money. People that are trading and investing in Bitcoin if at all they become financially elevated in the future it is not because Bitcoin did for them without them doing anything.  You must first have something doing first as a source of income before bitcoin will add it own value.  Bitcoin doesn't just make people to be rich just like that , their is a need to get source of income before you can be rich in bitcoin.

Bitcoin can't literally just  make someone rich, if you put it that way we find ourselves trying to sell off or gamble with her prices,  Bitcoin has promising future for any investor but would take time to build and a maturity stage to before total reliance on it.
How about we take it as an investment (asset), that grows increasingly and overtime yield it value  with our set investment plan, then we can use the profits made and consider it, but can't make someone rich especially from scratch without any source of income, buying, DCA all gears down that you must have a source of income first.
Understanding the key to wealth, then leads you to invest in relative to secure your future rather than regretting for lack of proper money management.

[teamsherry]

Bitcoin wasn't designed to eradicate poverty so it can't it was created as a decentralized money that is independent from the government and does not have to depend on banks, no where in its whitepaper shows it as a money making machine.

The Big irony is can you invest in bitcoin to get profit out if it, so if you can't then no profit for. But there are ways that a poor person can stack bitcoin up using the DCA strategy confiding his income he might take up to 5 years before he can have a good stash in bitcoin.

[o48o]

If you are living in poor country with very bad currency Bitcoin can certainly help you with poverty. In my country wages decreased gradually beyond absurd levels so everyone around me work for something like 600-1600 USD which is very low when we compare with European countries. But Bitcoin helped me protect my wealth in eras where our currency depreciated. Bitcoin's mere existence helped many people around the world.

well, basically bitcoin can indeed help us in economic problems if we also know how to use it. If someone in a poor country could take advantage of bitcoin then it could really help them with the economic problems they have. I've watched several documentaries that say that some poor countries even the average income of their citizens is not up to $ 100 per month, or not even more than $ 50. If they knew how to capitalize on bitcoin then I'm pretty sure they could increase their income significantly.

How does this work? Salaries wouldn't change because of bitcoin. And poor people would capitalize with it already if that was a sure thing, or they would move to gold and more stable fait money?

Op might as well have asked if Gold can end poverty, because it has same idea of scarcity. But no, bitcoin might end your personal poverty rich if you had invested in that at right time or will invest in that in right time. But we can't say for sure. Just like people investing in 2010-2023 didn't know for sure. Hindsight it's easy to be financially smart, but reality is quite different.

And there's really no ending of poverty in capitalistic system. It's based on inbalance of power structure. Rich people need poor people to be rich, and they need power and authority to stay in that place. It's an unfair system, and to balance that, it needs governance from government and laws in order to keep rich people in check so that power balance won't turn into pure slavery.

[oktana]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

[Uhwuchukwu53]

For Bitcoin to lift people out of poverty, they must invest in it. You must understand that poor people live one day; it is important for them to feed their families. How can they have extra money?
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.

No doubt in your saying as it speak volume in my heart, ordinarily bitcoin has the credibility and capacity to reduce poverty, but eradicating poverty can't be possible because poverty started from the  heart they way you think we determined if you will go out of poverty or not, those who think outside the box and seek knowledge don't suffer poverty.

Example many even have the opportunity to invest on BTC but can't hold for a long time, why because of how the think and such people can't go I out of poverty no matter how Bitcoin ability is the level of knowledge and  how one thinks matters even before investment because you can invest because you lack focus of the future it will appear same with one who don't invest because you lack patient of holding, this can be a factor why Bitcoin can't eradicate but reduce poverty beside nature has it that everyone must not think or work the same way no matter how you force them they will remain constant and refused to move such category can't move away from poverty.

[slapper]

For Bitcoin to lift people out of poverty, they must invest in it. You must understand that poor people live one day; it is important for them to feed their families. How can they have extra money?
Nevertheless, Bitcoin can motivate people to educate themselves and agree that you cannot enter any industry without experience. If people begin to take better care of their lives, value time, and learn new technologies, they may have a chance to escape poverty. But it always depends on the person himself and not on Bitcoin.

No doubt in your saying as it speak volume in my heart, ordinarily bitcoin has the credibility and capacity to reduce poverty, but eradicating poverty can't be possible because poverty started from the  heart they way you think we determined if you will go out of poverty or not, those who think outside the box and seek knowledge don't suffer poverty.

Example many even have the opportunity to invest on BTC but can't hold for a long time, why because of how the think and such people can't go I out of poverty no matter how Bitcoin ability is the level of knowledge and  how one thinks matters even before investment because you can invest because you lack focus of the future it will appear same with one who don't invest because you lack patient of holding, this can be a factor why Bitcoin can't eradicate but reduce poverty beside nature has it that everyone must not think or work the same way no matter how you force them they will remain constant and refused to move such category can't move away from poverty.

Bitcoin can help fight poverty, but its not a get-rich-quick scam. Real transformation takes time. Seeing Bitcoin as a piece of a long-term financial puzzle rather than a lottery ticket is huge. Panic sellers miss the long game. But those with patience, who grasp the broad picture and have the discipline to persevere can actually change things.

I know mindset transformations are hard. People cant be forced to adopt new views. What if we could create a community that values money smartness, patience, and learning? Dude, that smooth, steady shift has great potential. Worth fighting for?

[Huppercase]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

Despite all you said, we can see the likes of Blackrock today investing billions into Bitcoin and encouraging people to buy more and what do you think is the purpose of that? To double their wealth and grow higher than where they are currently but I'm not sure the same goes with a poor person. They don't have the capital to even invest, if it was then that the price was low, they might still have the chance but I'm not sure if that will be possible with todays price of Bitcoin, this is to say that the rich continue to be reach while the poor continue to be poor.

Then when the price used to be low, there are money that would be easier to make with the help of its volatility, imagine having nothing and then you bough $10 worth of Bitcoin in 2012 and you just found you have access to the wallet, there is no way yiu will remain poor after that discovery. I just think that it's right now that Bitcoin is serving it's purpose, you can make money from it if yiu don't have huge amount of money.

[oktana]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

Despite all you said, we can see the likes of Blackrock today investing billions into Bitcoin and encouraging people to buy more and what do you think is the purpose of that? To double their wealth and grow higher than where they are currently but I'm not sure the same goes with a poor person. They don't have the capital to even invest, if it was then that the price was low, they might still have the chance but I'm not sure if that will be possible with todays price of Bitcoin, this is to say that the rich continue to be reach while the poor continue to be poor.

Then when the price used to be low, there are money that would be easier to make with the help of its volatility, imagine having nothing and then you bough $10 worth of Bitcoin in 2012 and you just found you have access to the wallet, there is no way yiu will remain poor after that discovery. I just think that it's right now that Bitcoin is serving it's purpose, you can make money from it if yiu don't have huge amount of money.

So technically, you’re agreeing with me that it can’t end poverty. Just because some people blow up with Bitcoin based on the price fluctuations doesn’t mean that it will be elevating poverty. Also, the way OP talks about it, it’s not in the sense that you find an old wallet and become rich, it sounds more like intentionally investing in it so you’ll go from poor to rich. Bitcoin was designed to function as a currency. Banking on it to elevate one from poverty may not be a smart decision.

[milewilda]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

Despite all you said, we can see the likes of Blackrock today investing billions into Bitcoin and encouraging people to buy more and what do you think is the purpose of that? To double their wealth and grow higher than where they are currently but I'm not sure the same goes with a poor person. They don't have the capital to even invest, if it was then that the price was low, they might still have the chance but I'm not sure if that will be possible with todays price of Bitcoin, this is to say that the rich continue to be reach while the poor continue to be poor.

Then when the price used to be low, there are money that would be easier to make with the help of its volatility, imagine having nothing and then you bough $10 worth of Bitcoin in 2012 and you just found you have access to the wallet, there is no way yiu will remain poor after that discovery. I just think that it's right now that Bitcoin is serving it's purpose, you can make money from it if yiu don't have huge amount of money.

So technically, you’re agreeing with me that it can’t end poverty. Just because some people blow up with Bitcoin based on the price fluctuations doesn’t mean that it will be elevating poverty. Also, the way OP talks about it, it’s not in the sense that you find an old wallet and become rich, it sounds more like intentionally investing in it so you’ll go from poor to rich. Bitcoin was designed to function as a currency. Banking on it to elevate one from poverty may not be a smart decision.

The only possible reasons that considered out on ending up poverty with these conditions;

1. Finding up an old wallet with tons of Btc inside it
2. Investing huge amount when its still that low in price
3. Earning up Bitcoin with your side online jobs

With these things then you could make yourself that having that good financial standing but if we do speak about generally about investing into it and become rich then this is a wrong thing or misconception
because we know that everything would really be that depending on how big that you have invested and just like been said that it would be an exemption if you are an early adopter
which there would really be that automatically consider yourself to be put up into a certain rich position once you do able to get those coins in hand but this is really something
that not to be applied to everyone and its true that this isnt something a thing that could make you rich but rather it is really that on the purpose of being a digital money or currency in the first place.

[Y3shot]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

This is just the real thing.  The purpose why we have bitcoin is not to put poverty to an end. The purpose for bitcoin is to help people who already have source of income to be financially stable.  I don't think giving people free bitcoin will even end poverty,  it is either they misused it. The fight against poverty is not about currency but this is about individuals and economy.  The economy of a country can affect people and make them to be poor, the way people handle things can also make them to people.  If the government can do the right thing which is going to have good impact on economy and if people can also stand on their ground to do things the right way it can also put an end to poverty.

[oktana]

Do you think that dollar can end poverty? Bitcoin is just a currency, and was designed for nothing other than that. Don’t mistake the volatility as an intentional thing wherein you can “invest”. People are investing in Bitcoin but that’s far from its purpose, and the government is likely happy because they don’t want people to understand the power of Bitcoin when used as a currency. Bitcoin can’t end poverty, no currency can

This is just the real thing.  The purpose why we have bitcoin is not to put poverty to an end. The purpose for bitcoin is to help people who already have source of income to be financially stable.  I don't think giving people free bitcoin will even end poverty,  it is either they misused it. The fight against poverty is not about currency but this is about individuals and economy.  The economy of a country can affect people and make them to be poor, the way people handle things can also make them to people.  If the government can do the right thing which is going to have good impact on economy and if people can also stand on their ground to do things the right way it can also put an end to poverty.

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

[ancafe]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

How can you be sure that bitcoin can solve the problem of poverty throughout the world or only in a small area in your country. Bitcoin is independent and run by individuals for the investment and trading process, so there are opportunities that we can use to solve the problem of poverty. Poverty can be interpreted as a step in which financial difficulties are experienced by people and they are unable to meet life's needs in the process. So how can people who are in poverty try to invest and trade when it is difficult to meet their living needs?

It is impossible for poor people to invest and even if there were, maybe they would not be poor but would not have much money. The mindset of poor people is not how they invest, but how they can eat for today or tomorrow. There is no opportunity for poor people to invest because the availability of money limits them from getting involved.

[Iranus]

For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

How can you be sure that bitcoin can solve the problem of poverty throughout the world or only in a small area in your country. Bitcoin is independent and run by individuals for the investment and trading process, so there are opportunities that we can use to solve the problem of poverty. Poverty can be interpreted as a step in which financial difficulties are experienced by people and they are unable to meet life's needs in the process. So how can people who are in poverty try to invest and trade when it is difficult to meet their living needs?

It is impossible for poor people to invest and even if there were, maybe they would not be poor but would not have much money. The mindset of poor people is not how they invest, but how they can eat for today or tomorrow. There is no opportunity for poor people to invest because the availability of money limits them from getting involved.

Bitcoin is a very valuable asset and to be able to own it we need money and even a lot of money, bitcoin is not created and distributed for free. It's funny that he said that bitcoin is helping 1.7 million people in his country escape poverty. Not to mention, bitcoin is a highly volatile investment and most people lose money investing in it, not too many people make profits from it. So, it would be a lie to say that bitcoin is helping alleviate poverty.

To reduce poverty in a country, that country needs to create jobs for its people and help them generate income, thereby ensuring their living needs and poverty will gradually be eliminated. It is not that we rely on risky speculative assets to solve the country's poverty problem.

[boty]

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

What you say is very true, of course, to be able to eradicate poverty, of course the government must think of effective ways that can solve the problem of poverty in society, but for some people who already understand how to invest in Bitcoin, of course this will be a little helpful for those who have invested in Bitcoin, because we can see from the current development of Bitcoin that its price continues to increase and anyone who can invest will of course be able to make them more financially stable in their future.

[Churchillvv]

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

What you say is very true, of course, to be able to eradicate poverty, of course the government must think of effective ways that can solve the problem of poverty in society, but for some people who already understand how to invest in Bitcoin, of course this will be a little helpful for those who have invested in Bitcoin, because we can see from the current development of Bitcoin that its price continues to increase and anyone who can invest will of course be able to make them more financially stable in their future.

It's truly that government is responsible for the eradication poverty in a nation to an extent where they have to provide the requirements of the state for effective productivity. But it's an individual responsibility for one to be financially free.

There is a very big misconception about bitcoin, bitcoin is a freedom currency as it's decentralised in nature which means it's not controlled by any government as the fiat of a country but where a lot of people get it all wrong is were they believe that bitcoin is financial freedom in a perspective that after having bitcoin you're probably not going to need work but bitcoin will keep raising and making them rich whereas bitcoin is an alternative money which means you have to work hard to earn it or exchange it for your earned fiat.

So for bitcoin to be the speculated financial freedom one must investment in it, so it's not an a national problem for bitcoin to solve rather it's a personal financial freedom race not a nation financial freedom race.

[oktana]

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

What you say is very true, of course, to be able to eradicate poverty, of course the government must think of effective ways that can solve the problem of poverty in society, but for some people who already understand how to invest in Bitcoin, of course this will be a little helpful for those who have invested in Bitcoin, because we can see from the current development of Bitcoin that its price continues to increase and anyone who can invest will of course be able to make them more financially stable in their future.

Financially stable isn’t the word to use there. Investing in Bitcoin is like a gamble. While it isn’t like the normal gambling where you can lose everything, it has its risk. I don’t think you should invest in Bitcoin if you want to be financially stable but instead if you can risk the volatility to make some money. If you are aiming at financial stability i think it’s best to focus on getting a job or opening a business so you can have an assured “stable” income.

[slapper]

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

What you say is very true, of course, to be able to eradicate poverty, of course the government must think of effective ways that can solve the problem of poverty in society, but for some people who already understand how to invest in Bitcoin, of course this will be a little helpful for those who have invested in Bitcoin, because we can see from the current development of Bitcoin that its price continues to increase and anyone who can invest will of course be able to make them more financially stable in their future.

It's truly that government is responsible for the eradication poverty in a nation to an extent where they have to provide the requirements of the state for effective productivity. But it's an individual responsibility for one to be financially free.

There is a very big misconception about bitcoin, bitcoin is a freedom currency as it's decentralised in nature which means it's not controlled by any government as the fiat of a country but where a lot of people get it all wrong is were they believe that bitcoin is financial freedom in a perspective that after having bitcoin you're probably not going to need work but bitcoin will keep raising and making them rich whereas bitcoin is an alternative money which means you have to work hard to earn it or exchange it for your earned fiat.

So for bitcoin to be the speculated financial freedom one must investment in it, so it's not an a national problem for bitcoin to solve rather it's a personal financial freedom race not a nation financial freedom race.

Waiting for the government to solve poverty? They try, sure, but real change...lasting financial freedom... that's on us. It's about finding the courage inside to build something for ourselves. Now, Bitcoin. People hype it as this liberation from government control. It's got potential, but don't buy the fantasy that Bitcoin will magically make you rich. it will only occur for a few people

Fact is, this whole idea of "financial freedom"...it's messy. Nothing in life is guaranteed, especially money. We're all figuring it out as we go. No one thing (government, cryptocurrency, nothing) is suddenly going to fix everything. It's on us, every day. We have to learn the game, take smart risks, adapt when things get crazy. That's the only path forward

[ancafe]

Bitcoin is a very valuable asset and to be able to own it we need money and even a lot of money, bitcoin is not created and distributed for free. It's funny that he said that bitcoin is helping 1.7 million people in his country escape poverty. Not to mention, bitcoin is a highly volatile investment and most people lose money investing in it, not too many people make profits from it. So, it would be a lie to say that bitcoin is helping alleviate poverty.

To reduce poverty in a country, that country needs to create jobs for its people and help them generate income, thereby ensuring their living needs and poverty will gradually be eliminated. It is not that we rely on risky speculative assets to solve the country's poverty problem.

Bitcoin can help people get out of the economic downturn, but it depends on how people can invest. Poverty is always associated with a lack of financial balance and it is impossible for poor people to invest in bitcoin because they are thinking about how they can eat for the day. Bitcoin is not able to eradicate poverty completely, especially for most people in poor countries and it is impossible for that to happen.

It is much more rational when the country starts to open up sources of employment for the people so that with a stable income they can invest. Poverty is a big problem for the country and it is not easy to eradicate poverty when the country is not present to provide employment opportunities for its people. It is this difficulty that the state needs to think about and they must provide easy access to work.

[Yaqs15]

Bitcoins investment and it's prospects for the less privelag and poor in society can't be overemphasized as it has allot of promise to the poor in our society, I can categorically say that Bitcoin is the future of the world economic growth and stability so it has the capacity to end poverty in any society as it value increase progressively over time that means more money to the investor and Bitcoin investment is the antidote to ending poverty especially in economical less privelag places like Africa

Although, I can't categorically say that Bitcoin can end poverty because not everyone can ever have access to it due to its involvement in typing, reading and posting. But still Bitcoin' movement is very rapid in the world today despite the level of ignorant population of masses.
a lot of people are making money from Bitcoin and diverting it to another investment. some have married, some feed their family with the money made from Bitcoin. some pay their school fees, house rents and bills. Many people have in the society today depends totally on Bitcoin for their livelihood.
To me, I think not the value of Bitcoin that matters, it's the ability of those that will participate in it. especially Africa that you mentioned, The level of technological ignorant is very high in the continent.

Bitcoin wasn't designed to eradicate poverty so it can't it was created as a decentralized money that is independent from the government and does not have to depend on banks, no where in its whitepaper shows it as a money making machine.

The Big irony is can you invest in bitcoin to get profit out if it, so if you can't then no profit for. But there are ways that a poor person can stack bitcoin up using the DCA strategy confiding his income he might take up to 5 years before he can have a good stash in bitcoin.

For you, I strongly stay by your side. because even me, I don't think it can do that. A lot of people stay and live in rural areas where there's no network connection to even make calls talk less of browsing internet. Except if government is in support of cryptocurrency transaction, Bitcoin can not eradicate total poverty. But if government support it then, you will see that it will provide access to those living in a very interior rural areas. And those that have gotten access and means to it will be doing freely and comfortably.

[HideYourKeys]

I really want to know how is El Salvador doing in a decade, that would be the example

[milewilda]

Exactly. Even giving people free Bitcoin doesn’t mean they’ll come out of poverty. Because there’s a difference between wealth and riches. When you give someone Bitcoin they are just rich. It’s the same as giving them money anyway, because they’ll rush right away to spend it on their various needs, etc. the government needs to apply different strategies to eliminate poverty, and on that list, there won’t be Bitcoin.

What you say is very true, of course, to be able to eradicate poverty, of course the government must think of effective ways that can solve the problem of poverty in society, but for some people who already understand how to invest in Bitcoin, of course this will be a little helpful for those who have invested in Bitcoin, because we can see from the current development of Bitcoin that its price continues to increase and anyone who can invest will of course be able to make them more financially stable in their future.

Financially stable isn’t the word to use there. Investing in Bitcoin is like a gamble. While it isn’t like the normal gambling where you can lose everything, it has its risk. I don’t think you should invest in Bitcoin if you want to be financially stable but instead if you can risk the volatility to make some money. If you are aiming at financial stability i think it’s best to focus on getting a job or opening a business so you can have an assured “stable” income.

This is something that should really be on peoples mind is on realizing that this isnt something that could make you rich once you do get involved with it. It still matters on how much you had invested into it on which it would really be that so normal that you would really be that becoming rich basing up on the things that you've been doing and not that something that you will become one without doing something.
This is really that a very wrong misconception for most people in regarding into this situation about thinking if they would be dealing up with crypto they could really be able to get rich or ended up on poverty situation which it is really just that so wrong with this kind of approach. This is why people would really be getting disappointed on the time that they would really be facing up some issues or losing money with their
investment on whom they've been having those kind of thoughts that they would really be able to save up themselves in this regard on which it is really that so wrong with that kind of approach.