Can Bitcoin help?

[HONDACD125]

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys.  They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Indeed Bitcoin investment is considered to be a good return and worthy investment for the future. Rich people invest more in Bitcoin because they have more capital. It cannot be denied that investing in Bitcoin requires a large sum of money. People who have less capital can certainly invest in Bitcoin, but they are less likely to get the returns they expect from Bitcoin.

A person who will invest $10 per week in Bitcoin, think for yourself, at this time Bitcoin is trading around $35k, how much profit will he get from investing in Bitcoin. The only reason I can think of is that if the lower class invests in Bitcoin with little money, and forgets about it for a long time, then they can get a good return. One should not expect high returns from less money for short term.

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[Hamza2424]

Hmm, I'm curious how people think of Bitcoin, I know it's the right of everyone that He/She can have open thoughts, but sometimes it sounds like over-expectations.

I'm not saying anything that OP's thinking too much just presenting my point of view that global poverty is not a new issue, it can be more emerging recently due to huge coverage and social media. OP asked if is there anything Bitcoin could do, buddy the answer is not simple Bitcoin cant help directly in anything because it's not an assistance provider, Bitcoin is just a payment system.

It can help with the opportunities we can grab by exploring different aspects of it, as payment processors charge huge Bitcoinc and save that huge transaction spending, people can get out of the Traditional finance traps, high interests, etc, etc. They can explore many opportunities here, such as trading, financial planning, and better financial assistance services compared to the traditional ones.

What can really help in bringing people up from this middle-class trap, is a good education, I've seen many changing their lives from the lower middle-class to the upper middle-class by just getting educated and working timely on good skills.

[hugeblack]

The only thing that Bitcoin could help with was in the past, 10 or 12 years ago, when you could easily buy 10 Bitcoins or more and then sell them when the price of Bitcoin reached 100k to obtain residency in the United States or citizenship of any country whose citizenship you could buy from. With a visa for that country, you can live safely in any country.
You can now improve the living situation in your country by investing the surplus in Bitcoin and waiting for several years.

[Zoomic]

In all our expectations in Bitcoin, we need to understand that bitcoin is a currency and the idea of the creator of the coin was for it to be a currency. But due to the price volatility, it has now looked like Bitcoin is more of an investment asset than being a currency.

Why did I have to recap the above known fact, it is to let us know that we need to work in order to earn before we could buy bitcoin. Someone who has no job and no viable way to earn, how will bitcoin help the person? The role bitcoin will play in the context of OP is to fight against inflation when saving in BTC.

[South Park]

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as  shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys.  They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Investing is not really for the rich, but you need at least to have some sort of job and earn enough to satisfy your needs and still have a little extra you can save each month, and depending on how big is that amount investing still may not be the best decision, and that money could be put to better use to start a small business and generate another income stream for you, then as you can see bitcoin will not really be the best choice for those people as they are betting everything they have just for the opportunity to get to the US.

[Onyeeze]

Bitcoin can help your life when you utilise Bitcoin but is not investment you will go into and you start making a huge profit so bitcoin is good investment and the aspect bitcoin help you is when you invest and leave it to grow, like long term investment not a short term investment the way I do see bitcoin, their is something we need to know every investment will help only when you understand the investment, and if you can have a patients when you invest in bitcoin you will make profit and at the moment the profits you make can also help your life.

[SamReomo]

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Well, I don't doubt that because Bitcoin is in fact a great asset that anyone can have but it won't be helpful to decrease the poverty a lot because many people who belong to lower class don't really know the technical aspects of Bitcoin and for such people who aren't much educated investing in Bitcoin could be a very risky investment.

Those people have to trust others who may purchase Bitcoin for them and the other people can scam those poor people easily. Bitcoin isn't for everyone especially it's not for the ones who aren't educated enough to know the technology as those people won't be able to invest in Bitcoin directly.

Bitcoin is for those people who are good at technology and such people may have at least some knowledge to purchase and store Bitcoin because without that they won't be able to earn any profits from Bitcoin.

[BitDane]

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

I am into Bitcoin but I do not think Bitcoin or Bitcoin investment is the solution to poverty.  Remember at the current trend of Bitcoin, the day where profit multiplies by hundred times is gone.  The last cycle's lowest and highest price (2018-2021) are $3,240.13(December 15, 2018) and $68,789.63 (November 10, 2021) has only 21x profit if we happen to invest at the lowest and sell at the highest which somehow almost impossible to execute.

I do not think that we can still gain a 21x profit in this current cycle since the current cycle lowest price is $15,760 (December 18, 202) unless something extra ordinary happen to push Bullish market to surge crazy.

Aside from that, remember during those accumulation time, poor people will have to sacrifice part of their income in order to have a good profit from Bitcoin investment, this will be hard on them since their funds for their basic needs will get smaller.  These kind of people will suffer more thus may increase the degree of poverty they experienced if they decide to invest and accumulate Bitcoin even in DCA mode.

What resolve poverty is by finding an immediate source of income that does not needs years to decade of years of waiting before getting a reasonable profit.  Finding an additional job that can give the family an additional income can elevate their status and combat poverty.  The government need to help in this and Bitcoin being decentralized cannot do anything about poverty, it can be a tool but it will never be the initiator.


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[tabas]

It can help if those people actually have Bitcoin but that's not the whole point. Because with this problem, it should be dealt by an actual agency or organizations that will help them. Another thing is that, it won't be a solution that we can see that will actually solve it on an instant because that seems to be what's being brought by OP here. The result if they're going to invest in Bitcoin is possible to become positive because we're all for that. But if they're in the situation of poverty, they can't even provide meals complete at least 3 times a day for their family, they won't invest into Bitcoin and what's an investment to them is just surviving all day long, thinking of what will be the meal tomorrow and by next week.

[freedomgo]

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Addressing global poverty doesn't hinge on investing in Bitcoin; it's crucial for governments to take the lead in improving their economies and generating more job opportunities. A sustainable solution involves creating conditions where people can live comfortably. Investing in Bitcoin could be a consideration for the future once individuals are financially capable, as while Bitcoin is a good asset, it remains a risky investment. What people need is a consistent income source, which Bitcoin doesn't provide. It's primarily suitable for long-term investments if one aims for a life-altering outcome.

[Raflesia]

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Don't get your hopes up too high because in the end bitcoin is just a tool for investment and not a global poverty solver that can't even be solved in a few generations.
The problem of poverty is a real problem and being in bitcoin is a good thing but don't make the idea that bitcoin can change poverty because it is clearly not possible in my opinion but indeed the positive thing is that you can change yourself if you are really serious about the investment made because it will definitely get a good thing in the end. But to associate the problem of global poverty with bitcoin is actually too far in my opinion.

[gunhell16]

This is just real-talk, I will say. In my few years in the cryptocurrency business, I have seen and observed that if you want to get rich or improve your life through Bitcoin, you must have the ability to buy more than one Bitcoin, because just imagine if you buy a Bitcoin at the price it has today and it becomes $100,000 each. You can buy your dreams in life that you want to have.

What about those who can't afford to buy one bitcoin? For example, I can't buy 1 bitcoin at this time. Even if I think that I can buy bitcoin every month for 0.005 btc, after 1 year, the total is 0.05 btc, and bitcoins have reached 100 000 dollars each. How much is that? although that's a lot of money. But it can't buy the dream of a house and lot that I want. Do you get it?

Here now comes the Altcoins alternative coin that has the potential to give me big earnings in the future and is on the top list of the market.
This can also go along with the rise of bitcoin.

[Mate2237]

This poverty issue has been on existence or on ground since and when bitcoin came it help many to rank up from the poverty level to middle class level. Bitcoin is already helping people to come out from poverty and those who are still suffering and has not come out from the poverty line should embrace bitcoin to come out and those who have not heard about bitcoin need the knowledge of bitcoin to come out from the poverty line.

The depression is already killing people in global arena. And if only those people realize that they have used and deceived by the authorities and come to bitcoin then their lives will also change. Bitcoin welcome everyone.

[Assface16678]

Bitcoin can help your life when you utilise Bitcoin but is not investment you will go into and you start making a huge profit so bitcoin is good investment and the aspect bitcoin help you is when you invest and leave it to grow, like long term investment not a short term investment the way I do see bitcoin, their is something we need to know every investment will help only when you understand the investment, and if you can have a patients when you invest in bitcoin you will make profit and at the moment the profits you make can also help your life.

You are right; bitcoin is a long-term investment; you have to go long if you want a big return. Yes, bitcoin can be short-term in the form of trading, but it will only be day trading or scalping, which is too risky and doesn't utilise the potential profit of bitcoin. You have to trade long-term to maximise the potential profit. Or holding bitcoin. That's why you are right about the fact that an investor in bitcoin requires a lot of patience to survive in bitcoin.

Bitcoin may be a good help or investment for many, but not for all. Why? Because, as I said, it is a long-term investment, not everyone has the capability to invest and wait for that long-term return, as many will need money for their daily lives. Bitcoin may be a big help, but bitcoin investment is, I think, not for everyone. If they want to try and enter bitcoin, then do so, but you don't have a guarantee that you will earn.

[Ale88]

The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as  shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?

I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys.  They can actually start small and build from there. Same goes for many people across the globe.

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty.  What do you think?

Everybody can buy bitcoin but many of those poor people unfortunately often times need all the money they make to sustain the family and buy food. Another problem is the lack of financial culture which is huge in developed countries, let alone third world countries. And let's not forget that bitcoin is not an easy ride, maybe someone buys at the top and in front of him there are 2-3 years of bear market, not too many people can handle that, many simply sell at loss.

[Learn Bitcoin]

Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?

Please do not expect Bitcoin to solve everything. Please do not encourage them to invest in Bitcoin while they are struggling to live their life. Most of the time, these people will be short of money and unable to hold their Bitcoin. If I do not have enough money to live my life, I will be forced to sell my savings to buy necessary things.

As you already know, you won't be in profit all the time. If you want to make some profit from Bitcoin, you have to invest and wait. People who can save $10 a week surely do not make that much money.

Moreover, most people suggest only investing if you can afford to lose money. Do not expect too much from Bitcoin. Most people are likely to lose their money because of their high expectations.

[Dr.Bitcoin_Strange]

Yeah, there are lots of poor people all over the world. Even in my country, I kind of believe the number of poor people here is greater than that of the rich and very rich. But Bitcoin is not just what can bring an end to their poverty.

It's said that money is a problem solver, and how do you make this money? It's by working, offering a service, and getting paid for it. Bitcoin is not centralized and doesn't have an office, so people don't work for Bitcoin organizations to get paid (I believe you get my point? ). Just like bank workers, Bitcoin doesn't have any organization.

So, to get money, you have to offer a service that is needed in society, and you get money in exchange for your service. To multiply that money, you have to save and add more value to your service or business. To multiplay the money, you can also invest. There's a saying that money makes more money. That's to say that if you have $20k and you invest it, it will make more money for you, let's say $25k ($5k profit), depending on where you invested the money.

Before one can invest in Bitcoin, they should already be earning money from somewhere, while Bitcoin can just be like their other sources to invest and multiplay the money they have earned.

[btc78]

you need to go back to the basics mate, why is there poverty in the first place?

malnutrition, lack of education and job opportunities, low salary and even lack of infrastructure are all factors
attributing to poverty in which all can be traced back to the government
 if the government itself is corrupt or not capable of tending to all of their citizens’ needs do you think bitcoin can solve all of their problems?

sure bitcoin can help, sure, but there’s a lot of basic necessities that needs to be met before they can even think about investment

the best you can do right now is to share knowledge to those who are capable introduce them to the world of cryptocurrency but make sure they fully understand how it works so that they don’t end up with losses

Bitcoin can help your life when you utilise Bitcoin but is not investment you will go into and you start making a huge profit so bitcoin is good investment and the aspect bitcoin help you is when you invest and leave it to grow,

It is for long term thats it,simple and not need to elaborate

like long term investment not a short term investment the way I do see bitcoin, their is something we need to know every investment will help only when you understand the investment, and if you can have a patients when you invest in bitcoin you will make profit and at the moment the profits you make can also help your life.

It isn’t advisable to use bitcoin in short term or day trading as it is slow moving but secure.

[bayu7adi]

I think the reasons why illegal immigrants enter the US are very complex and varied. If this is considered a big problem, then I don't think the root of the problem of illegal immigrants entering the US can be solved with Bitcoin alone. I see that economic factors are not the only reason they move countries illegally, it could be that they want to escape violence or political instability in their home country. Or maybe they just want to gather with their families who have previously settled in the US. No one knows for sure.

If we know Bitcoin as an investment instrument and some also consider it a forced currency to solve this problem, of course it is not effective. Bitcoin never offers big profits to be able to support someone, but there are some people who can make money with BTC ... thanks to Bitcoin with the help of their intelligence. I think the roots of the problem of illegal immigrants are too diverse to be able to generalize the solution using Bitcoin.

Don't think Bitcoin can do magical things like that. Even if you think Bitcoin can cure diseases of the human body, I think you have gone too far to think Bitcoin is everything.

[Bitcoin_people]

In most of the countries around the world, the poverty rate of people is not decreasing day by day but increasing. Especially in my country the highest rate of poverty has increased where no one is getting government jobs. And I am a child of a poor family where my studies are nearing the end but I could not find any job instead I came to Bitcoin to run my daily expenses. People have become rich from Bitcoin every many people have become rich by investing in Bitcoin and many people have become millionaires. Seeing all these things, most of the people in the world are currently flocking and investing in Bitcoin. It says bitcoin investment is only for the rich, because we know that bitcoin is not defined as rich or poor, why people can invest. But going to a government job there is a lot of difference between rich and poor, but investing in Bitcoin here is no daily poor middle class poor no difference everyone can do it. You can invest any amount of money you want in Bitcoin and you can keep it for a long time and you can get profit from it. So if you want to change your future by investing in bitcoins, you must start small and gradually work your way up to big levels.