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.

[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.