Can Bitcoin help?

[adultcrypto]

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 doubt it. Bitcoin has a limited liquidity while the global poverty is more than the marketcap of Bitcoin. Even the government with unlimited supply fiat failed to address poverty.

I don't really understand what you mean by limited liquidity. If Bitcoin hits mainstream, that will just mean more people will engage in the business of buying and selling with Bitcoin and this will be done hitch-free. That is liquidity. Are you saying that there will be sellers without buyers? How will there be balance of trader? As the use increases, the liquidity will.

Bitcoin investment might help to get you some profit but it’s not sufficient to defeat poverty especially if you are only investing small amount of money on it.

Even though I understand your point, I still believe that anyone who invested in Bitcoin years ago like 2014, even if its $100, that would have yield substantial profits that can make such person cross above the poverty line.

Now we are at a point where Bitcoin is still cheap in such a way that $100 can give nice amount when Bitcoin reaches like $750k that many people are projecting it would.

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[yazher]

It depends but at the end of the day, bitcoins are just an asset that you could just simply buy low and sell high. You need to have enough knowledge in order to make money from it because you need to learn daily trading if you want to make it your daily job. in other words, it is just simply like any other source of income where you need the basic necessity to make it a money-making platform. But most people are just buying bitcoins and holding them for the long term or until they see the price worth selling their bitcoins. Nothing special here you just need to have enough patience to wait and not to listen to any FUDS whenever there's one.

[boty]

Yes, Bitcoin can contribute to making people's lives better through investing in Bitcoin or through the business that Bitcoin provides on the Internet, ease of payment, etc., but we should not go so far as to say that Bitcoin can eliminate poverty in the world.

This is a huge exaggeration. Do not forget that the poor people you are talking about live in a poor country and primitive areas that do not have the slightest infrastructure suitable for working or investing in Bitcoin. These poor areas do not have the Internet or perhaps even electricity, and people suffer from poverty and ignorance and do not know anything about Bitcoin, so how can Could Bitcoin be a reason for eliminating poverty there?

To be able to invest in bitcoin, they need money and many people don't even have enough money to eat 3 meals a day, where do they get the money to invest in bitcoin? Not to mention, bitcoin does not guarantee profits for anyone, bitcoin not only brings profits but it also has risks involved. For the poor, if there is no knowledge and they invest money they cannot lose, what will happen to them if bitcoin is dumped? Bitcoin is just an investment tool and whether we have the ability to make money on it or not is entirely up to us, bitcoin does not guarantee anything. You're right, many people are over-exaggerating it.

If we cannot meet our daily needs then it will not be possible for us to think about how to invest. Of course they must first think about their needs. After they can fulfill their needs, of course they will be able to think about what they invest in and of course they must choose the investment that is right for what they want. Without knowledge, of course they will not be able to get a profit from the investment they make, so it is very important for those who want to make an investment to understand how to get it and how to make a profit from the investment they make.

[Best-mary]

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?

I'm not sure Bitcoin could solve the world problem but is true that Bitcoin can help some people earn diligently. I have seen some doing good at trading and most exchanges trying their best to assist with different features like bot copy trading. But then, one needs something to do in other to assist themselves financially in the crypto World

[fuguebtc]

It depends but at the end of the day, bitcoins are just an asset that you could just simply buy low and sell high. You need to have enough knowledge in order to make money from it because you need to learn daily trading if you want to make it your daily job. in other words, it is just simply like any other source of income where you need the basic necessity to make it a money-making platform. But most people are just buying bitcoins and holding them for the long term or until they see the price worth selling their bitcoins. Nothing special here you just need to have enough patience to wait and not to listen to any FUDS whenever there's one.

But this is not easy and not many people can do it. Even professional traders or experts are not sure that they can guarantee daily profits and consider it as the main source of income . So how can you ask poor, uneducated and ignorant people to participate in trading? Actually, everyone likes to trade, likes to make money every day by trading. But people just buy and hold for the long term because they know that trading is not easy and most end up losing money.
     

[komisariatku]

It depends but at the end of the day, bitcoins are just an asset that you could just simply buy low and sell high. You need to have enough knowledge in order to make money from it because you need to learn daily trading if you want to make it your daily job. in other words, it is just simply like any other source of income where you need the basic necessity to make it a money-making platform. But most people are just buying bitcoins and holding them for the long term or until they see the price worth selling their bitcoins. Nothing special here you just need to have enough patience to wait and not to listen to any FUDS whenever there's one.

But this is not easy and not many people can do it. Even professional traders or experts are not sure that they can guarantee daily profits and consider it as the main source of income . So how can you ask poor, uneducated and ignorant people to participate in trading? Actually, everyone likes to trade, likes to make money every day by trading. But people just buy and hold for the long term because they know that trading is not easy and most end up losing money.

Yes, it's true, bitcoin trading is an activity full of risks, especially if the capital is small then the results will also be small. One way to trade to make more profits is to trade futures, but this increases the risk tens of times. Carrying out trading activities with the aim of making daily or weekly profits is very difficult and requires a lot of experience

Providing a solution like this to people who don't know about bitcoin increases the risk. I think using trade to help poverty is impossible

[Coin_trader]

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 doubt it. Bitcoin has a limited liquidity while the global poverty is more than the marketcap of Bitcoin. Even the government with unlimited supply fiat failed to address poverty.

I don't really understand what you mean by limited liquidity. If Bitcoin hits mainstream, that will just mean more people will engage in the business of buying and selling with Bitcoin and this will be done hitch-free. That is liquidity. Are you saying that there will be sellers without buyers? How will there be balance of trader? As the use increases, the liquidity will.

This discussion will be very easy to understand if you knew exactly what is poverty and how much budget the government will need just to sustain those people under the poverty to improve their life permanently. You already said that there’s always a balance on buying and selling on trading while your idea needs Bitcoin to continuously go upward just to give profit to everyone. Main question is who will continuously inject liquidity to Bitcoin just to pump the price and distribute to the poor who invest small amount?

That’s what I’m talking limited liquidity since Bitcoin sometimes dump more than half of its marketcap.

Bitcoin investment might help to get you some profit but it’s not sufficient to defeat poverty especially if you are only investing small amount of money on it.

Even though I understand your point, I still believe that anyone who invested in Bitcoin years ago like 2014, even if its $100, that would have yield substantial profits that can make such person cross above the poverty line.

Now we are at a point where Bitcoin is still cheap in such a way that $100 can give nice amount when Bitcoin reaches like $750k that many people are projecting it would.

You are talking about temporarily crossing the poverty line but you forgot to assume the sustainability assuming the pump that you project occur. Yeah poor people can get an extra boost but the main question is if this is sufficient to sustain until the rest of their life? Surely they will just spend it all later and back to their old life.

This is why having a decent job is much better rather than relying on Bitcoin and its insane pump which no one knows when will hit or if it willl really hit.

[Rruchi man]

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?

Bitcoin can help some people who want the help and who are able to against all odds still invest enough in bitcoins to get enough profit from it that can change their level in life, but Bitcoin is not a general remedy for poverty because there are many reasons why people are poor. Some people are poor from the choices that they have made aside the harsh economic condition, if this people still invest and continue to make poor economic choices, their investment in bitcoins no matter how big will not be able to help them from poverty.

[LogitechMouse]

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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?

1. Do you think that people who are considered poor right now are interested in investing into Bitcoin?
2. Do you think that an asset, or a currency, or whatever you want to call it will change their lives if they will just invest to it?

People are poor because they are lacking of financial literacy. Let's include knowledge, and skills to the mix, but on top of that, now knowing how to handle their money is the reason why the poor remains poor, and vice versa. Now how can you make a poor person who don't even know anything about investing invest into Bitcoin? There might be some poor people out there who will choose to just use that money to buy things to survive on that day than to invest into an asset that they don't even interested in.

Okay let's assume that they invested into Bitcoin (which is highly unlikely), would you think that investing on that alone will change their lives? No. It isn't that easy, and if it's that easy then all of the investors must be rich by now. Investing alone isn't enough. You need to learn how to make good decisions, and do constant research as well.

Yes, Bitcoin offers unique opportunities, but only for those who have the capabilities to use it. It's only for those who has the gadgets in order for them to have access into it, and unfortunately, not all of the poor people don't even have an access to smartphone. They're having a hard time making ends meet. How can they have spare money to use to invest? Bitcoin "MIGHT" solve global poverty, but the question is HOW?

[puloweh555]

If we cannot meet our daily needs then it will not be possible for us to think about how to invest. Of course they must first think about their needs. After they can fulfill their needs, of course they will be able to think about what they invest in and of course they must choose the investment that is right for what they want. Without knowledge, of course they will not be able to get a profit from the investment they make, so it is very important for those who want to make an investment to understand how to get it and how to make a profit from the investment they make.

Of course, to invest in bitcoin you must have capital and already have emergency money. If it's not enough for daily needs, it's not a good thing to invest in bitcoin, as existing ones will get poorer.

What this means is that perhaps he is poor in the sense of the word, he can fulfill all his needs and having more money to invest could make his finances better in the future. Because buying bitcoin has many benefits, one of which is that no one can control bitcoin because bitcoin is on the street on blockchain, besides that there are no intermediaries so it can reduce transaction costs. Bitcoin can enable poor people to increase their savings by buying bitcoin.

In essence, Bitcoin is also the currency of the future for everyone. So everyone can invest in bitcoin. It also allows poor people to control their own investments. Because Bitcoin operates outside the government system. That way it can also protect poor people in countries where bad monetary policy causes inflation and other problems. So investing in Bitcoin can help poor people significantly.

[benalexis12]

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?

It is true that anyone can buy Bitcoin for any amount that anyone who is interested in it can afford. This means that Bitcoin does not care whether you are rich or poor; as long as you can afford it, you can really have it.

Now, whatever the problem of the country or the people, I also believe that there are many solutions that we can use, and Bitcoin is only one of the solutions, which only means that there is also another alternative that is another solution to our problem.

[MarjorieZimmermanGinger]

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?

It's not true and almost many people know that bitcoin is not only intended for rich people. Everyone can take the smallest amount to start investing because if done consistently, over time it will provide great value. The only people who don't want to get involved in bitcoin because of the risk of price volatility so they decide to think long and hard about getting involved. If they understand how, maybe this won't be a big problem because there is always a cycle that makes prices rise and fall according to the period in which they travel.

Bitcoin will never reduce poverty rates globally because involvement in it is more individual and there are many people who are still not interested in investing in bitcoin at this time. I only understand one thing about the advantages offered by bitcoin, namely financial freedom at a stage that we can manage independently and adjust the capital we have.

[Makus]

I saw so many forum users talking about using bitcoin for trade to generate profit for investors. The point of correction, Bitcoin investment is not for those who would go back in a few days to sell their coin, it is for those who know the value of the coin. They are investing in the volatility of Bitcoin. It is indeed a serious demerit for traders, especially for those poor people who would take investment as their source of income because the price doesn't just rise, there are times where the price just tends to move sideways or in a bearish movement, so for those who depend only on investment for survival, Bitcoin is not the coin for you!!

From the topic: Can Bitcoin help? My answer is YES. There are other ways Bitcoin can help, not just for trading purposes alone. El Salvador is the first country to accept Bitcoin as a legal tender, its economy is doing well as Bitcoin itself has driven so many people to go for touring, so they can experience a condition where Bitcoin is not restricted or banned.

[moneystery]

not that easy. bitcoin is not a solution to overcome poverty in the world. if you think that if poor people can invest in bitcoin it will help them, that's a big mistake. because what makes a person poor is not only financial factors, but intelligence, analysis, etc. if you introduce bitcoin to poor people, they will go away thinking that it is much better to earn food today compared to investing.

even when you give them money, give them enough knowledge about bitcoin and tell them to invest in bitcoin, they might buy it but they will immediately lose it, either because they sold the bitcoin to eat or they lost access to their wallet because of their carelessness.

[Dzwaafu11]

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.

Even though we advise people to invest in bitcoin, we can’t force it, and since you are also aware of how people are suffering from poverty across the globe, now you see we don’t have to say something like this to those people; however, people are finding a way to eat daily food. Do you think they will have time for investment not only in bitcoin but even in physical investments that they are aware of? However, this $10 you are saying they should at least invest in bitcoin is some people's weekly earnings, while others get this amount daily. This kind of person is obviously suffering, and I don't think they even need a bitcoin investment since it’s not a short-term investment.

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 don't think even with the investment, global poverty will decrease. The reason for this is that bitcoin investment is a long-term investment, and you want people who suffer from poverty to be among those who will  invest in bitcoin, Do you think even 1% of these people will have funds to invest? Nah, mate, so I don't believe bitcoin investments will be able to defeat global poverty. The only people who will be able to do so are governments, and they have also failed to do so.

[pawanjain]

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?

I think it's not as simple as that. Buying bitcoin as an investment is a good thing but it shouldn't be the only investment in our portfolio.
Whether it be rich or poor, everyone should diversify their portfolio to balance the risks.
Bitcoin is a volatile asset and it can be one of the aggressive risk asset in our portfolio.
It can surely help us from preventing being poort but we should be aware of the risks.

[God bless u]

Previously it was hard to give education to the people about bitcoin because most of them were not ready to hear but now everyone is aware of Bitcoin's success and no one can denied it. For poor people bitcoin investment is actually difficult because they have minimum amount of money if they spend it on bitcoin then they will be unable to carry out daily expenses. Bitcoin is not as cheap as everyone can buy it even everyone better know that bitcoin can bring a happy life for poor people. Poverty is increasing because people focus much on government job and they don't believe about the success of online assets therefore if they value investment process then they can get rid of poverty.

Bitcoin is for those who want an extra money by using their own money and without investing a good amount bitcoin cannot give you profit. Those individuals who have income can save some amount for bitcoin investment but without earning you cannot invest money because time requires for achievement and if you need money for urgent work then you cannot invest that amount in Bitcoin or other currency.

[synchronym]

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?

op The thought you made about the poverty line would actually be much better if it could be solved with Bitcoin. One thing we all need to understand is Bitcoin Rich and Poor we all can trade Bitcoin. Those who trade more bitcoins will get higher profits. And those who have little and short-term bitcoin capital cannot make much profit. Bitcoin is a long term work Bitcoin requires us to trade over time. If it were true that there are so many poor people that their problems could be solved through Bitcoin, that would be great, but in real life, it won't happen.

[rachael9385]

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

[Iranus]

In one way or the other, Bitcoin has impacted some useful things in some countries today. I will have to conclude that any country that is not getting better in finances is that those countries are not permitting Bitcoin in their country.
Bitcoin has given a lot of people an opportunity to achieve what they want to achieve in the future, but anyone who doesn't take advantage of Bitcoin by clicking the buy button, then it will be very hard for such a person to get it right in other investments too.

Can you name some countries that have adopted bitcoin and received benefits from it and their economies are growing? China is a country that bans bitcoin and what explanation do you have for this when China is still the 2nd largest economic power in the world without bitcoin?

Bitcoin has been bringing a lot of opportunities to many individuals and organizations, but talking about its impact on a country's economy is a bit exaggerated. Bitcoin has not yet been able to achieve those achievements and we need more time instead of exaggerating the things that are wrong about bitcoin. That doesn't make bitcoin any better.