Can Bitcoin help?

[HONDACD125]

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.

I don't think Bitcoin has anything to do with any country financial problems. If a country finances are not good, it may be due to internal failure and incompetence of the government, Bitcoin does not seem to play a role in this. In my opinion Bitcoin has helped to facilitate rather than influence things. If I need to send money to someone, instead of going to the bank, I can easily pay with Bitcoin.

Bitcoin still has a lot of potential to gain in the future. It is very important to have capital to click the button to buy Bitcoin. People who have capital don't hesitate to click the buy button for Bitcoin. There are still many people who cannot invest in Bitcoin due to lack of capital, because given the current price of Bitcoin, it is not difficult to imagine that it requires a large capital. We all wish we had Bitcoin but it is difficult when we lack capital.

[1714499929]

1714499929

[Marvell1]

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.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

[Texac]

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.

You are over exaggerating, what are some countries bitcoin is impacting positively? Can you name some countries and some of the impacts bitcoin has had on them?  We don't need to talk about such unnecessary hype about bitcoin, bitcoin cannot help any country escape poverty or reduce poverty rate like the OP is mentioning.  Bitcoin is just a financial tool and it is bringing positive benefits to many people but not all, there are still some people who lose money when investing in bitcoin.

[Blitzboy]

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.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

Yes, it is a brave idea to suggest that the impoverished should invest all of their meager resources in a single asset like Bitcoin. Theres a case to be made for the fact that cryptocurrency volatility can result in substantial profits and materially improve one's financial situation. But the opposite is also likely, as there is a chance that the risk will exacerbate their financial conflict. Should we not consider whether this approach could exacerbate the poverty cycle instead of breaking it?

Clearly, a lot of wealthy people have raised their socioeconomic level by taking calculated risks. The widespread belief that Bitcoin represents a once-in-a-lifetime opportunity should be questioned, as not everyone will experience this. Making financial decisions requires careful consideration of their wider ramifications and possible outcomes, particularly when there is significant risk involved.

[Strongkored]

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?

The basic thing that must be done before starting to invest is that you must first meet all your main needs, so as not to sell your investment which has not yet provided a profit because of urgent matters which can even make you lose money by selling at a loss, but unfortunately it will be difficult for poor people to start investing, because their minds are already filled with how to survive by earning money so that their main needs can be met, even when working over normal hours, sometimes they cannot meet these needs. Bitcoin will not be able to help poor people and Bitcoin is not a savior that must always be connected to world events and considered as a solution to existing problems.

[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.

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

For me, futures trading is no different than gambling and experienced people should stay away from it, let alone newbies or people with little capital. Furthermore, not only trading bitcoin, I think investing in bitcoin cannot help the poor. Because to be able to invest in bitcoin, they need money, and how do poor people get the money they can lose to invest? In short, bitcoin cannot help anyone escape or alleviate poverty.

To eradicate hunger and reduce poverty, the government needs to create jobs for everyone, people need to try harder to work, and cannot rely on risky investments like bitcoin.

[HelliumZ]

No one but me can tell you how much Bitcoin has supported me. Bitcoin has supported me in education as well as most of my personal expenses. Moreover, Bitcoin is a virtual currency where anyone who takes it as a part of his career will definitely get support in one way or another. Many unemployed youths have built their valuable careers depending on Bitcoin. Many countries have launched educational programs on Bitcoin and are making a certain portion of their human resources proficient in Bitcoin.

[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.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

If a poor person has $5000 to invest, would you advice him to invest all of it in bitcoin ?
I would certainly not because tomorrow if the market crashses then his $5000 can become $2500.
The poor person would panic a lot and can take certain steps which he shouldn't.
I know the opposite can happen too but generally the amount of happiness is less when compared to panic and stress.

If he diversifies his investment in 2-3 assets then the risk would become balanced.
The profits might get decreased but steady growth should be the actual goal.

[ndutndut]

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.

I don't think it's that far bro. The country's finances are not improving, there is nothing to do with it because they don't allow bitcoin, the country's finances are not good because of something that is happening both within the country and abroad. or because the government cannot properly regulate and empower natural resources and human resources and many individuals in the government are busy seeking personal gain, aka corruption.

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.

Bitcoin is open to everyone to have the opportunity to gain profits in the future, of course this requires good knowledge so that we buy bitcoin correctly. and hold it as a long-term asset.

[goldkingcoiner]

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?

Bitcoin is indeed an improved currency which offers unique opportunities even for those people who have nothing except an internet connection. But as far as how much it can help them... That remains to be seen. I am sure there are wonderful ways which we have yet to discover, to help the less fortunate. Faucets used to be quite a help but with the Bitcoin fees as they are nowadays, it might not be seen as very viable. But in countries where each cent is important, even faucets might help, given a long enough time collecting miniscule amounts.

[Marvell1]

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.

I think for poor people, they do not need to diversify their investment portfolio but should only focus on bitcoin. If someone is poor but has enough money to invest and that is the amount of money they can lose, they should accept risks to be able to achieve greater success, creating a turning point in life. Instead of being careful little by little and making poverty last longer.

Rich people are also people who step out of their comfort zone to do things that others don't dare to do and achieve things that others don't have. Success requires trade-offs. And the bitcoin opportunity is a rare opportunity and not many such opportunities will come our way, if we don't take full advantage of that, it will be a bigger pity.

Yes, it is a brave idea to suggest that the impoverished should invest all of their meager resources in a single asset like Bitcoin. Theres a case to be made for the fact that cryptocurrency volatility can result in substantial profits and materially improve one's financial situation. But the opposite is also likely, as there is a chance that the risk will exacerbate their financial conflict. Should we not consider whether this approach could exacerbate the poverty cycle instead of breaking it?

Clearly, a lot of wealthy people have raised their socioeconomic level by taking calculated risks. The widespread belief that Bitcoin represents a once-in-a-lifetime opportunity should be questioned, as not everyone will experience this. Making financial decisions requires careful consideration of their wider ramifications and possible outcomes, particularly when there is significant risk involved.

That's why I say, they need to use the money they can afford to lose, and like I said to be successful, we need to take risks out and out of our comfort zone. We should not think too much, do not let fear delay our plans.

If we are always afraid and want to be safe, success and wealth will come more slowly, maybe even never come. Opportunities are always hidden behind risks and we need to accept risks to be able to find our opportunities. As for me, I am willing to trade to seize this unique opportunity. If we ignore bitcoin out of fear, do you think another opportunity will come our way?

[Wakate]

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.

The impact if Bitcoin is huge and we can not underestimate that. Many of the crypto billionaires that we see today are people that had benefited from the market from the time when the price of Bitcoin was very low. The rich or the poor can always invest in Bitcoin and make reasonable profits from the market if they can buy at a very low price an wait for when the price of Bitcoin would skyrocket. Patience is what matters in the market for us to make a lot of money. Bitcoin is still in the bear market currently and holding and accumulating more positions would benefits us a lot making good profits from the market.

[panganib999]

No one but me can tell you how much Bitcoin has supported me. Bitcoin has supported me in education as well as most of my personal expenses. Moreover, Bitcoin is a virtual currency where anyone who takes it as a part of his career will definitely get support in one way or another. Many unemployed youths have built their valuable careers depending on Bitcoin. Many countries have launched educational programs on Bitcoin and are making a certain portion of their human resources proficient in Bitcoin.

Well, it's a common sense that how your story would be told would only be told by you since you're the one who has experienced it right? Outside testimonies would be biased even in the worst way it's going to be told. I can agree with what happened to you, I think that most if not all users in the forum have the same benefits from bitcoin with bitcoin being a crutch for their daily expenses if not outright supporting them financially. I'm worried about your statement about youths being dependent on bitcoin too much in building their careers because I feel like if that's the case then when they there's a problem that involves bitcoin, what are they going to do then?

Can you name any countries that officially launched educational programs that involves being informed in bitcoin and it's technology because I don't think that it's true. If it was true then there's more people that's talking about bitcoin than what's going on right now.

[Fivestar4everMVP]

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?

Well, not trying to sound pessimistic but turn around and think deeply about this which you have said...

This are people who are poor, and being poor means that they probably don't know when or where their next meal will be coming from, and yet you expect them to invest in bitcoin, where will the money to invest in bitcoin come from? OK, even if you gave them $10 to buy bitcoin, they probably will use half of that money to buy food first, then later invest the remaining half in bitcoin, which they may also turn around to sell tomorrow so as to buy food again.

Understand that, bitcoin is not a get rich quick scheme, I don't see anyways simply buying and holding bitcoin will help the poor, except the poor that have something doing, like a business or a job, something that can help them invest in bitcoin, and then look away from that investment until it yield good profit for them.

Anything outside of this, I don't see or know how bitcoin can help.

[blckhawk]

Bitcoin offers the possibility of being paid for online jobs without bureaucracy and expensive costs of transactions through its decentralized blockchain and nature. However, without jobs, there isn't Bitcoin, as it's just a currency, a mean of payment people receive for their effort, deeds and skills. We can't expect to solve the poverty problem in the world by sharing free money with everyone. People still have to develop a career, to become proficient in something they can assist the society and then be paid for that.

Good thing that it's only a possibility because if you've worked in payroll department before then you know that it's going to be a headache to deal when one of the employees don't want to follow the same payment scheme compared to the other employees. Regards to bureaucracy, even if you get paid in bitcoin, depending on your country, you might still have to make sure that you're earnings paid in bitcoin will be included in your taxes.

I think that most if not all users in the forum have the same benefits from bitcoin with bitcoin being a crutch for their daily expenses if not outright supporting them financially. I'm worried about your statement about youths being dependent on bitcoin too much in building their careers because I feel like if that's the case then when they there's a problem that involves bitcoin, what are they going to do then?

There are others although I feel rare might be changed not because bitcoin helped them financially speaking but they're enamored by the concept of bitcoin and being free from the oppressive and archaic banking system and that they don't care much about the value of bitcoin in terms of money but more like the concept of it, I mean Vitalik could probably be a good example of a person that bitcoin has helped in terms of building new concepts.

[Essential10]

Bitcoin's technology generally has no limitations that can help tackle world poverty. Governments can help by taking necessary steps, following appropriate administrative policies and creating opportunities for people. Bitcoin is a decentralized cryptocurrency, which fundamentally operates outside of government control. Using this technology can provide the necessary education to improve the country's economy. If governments are creative with faith, this technology can be used to reduce inflation, create new enterprises and provide education opportunities to citizens. It can help create a healthy and socially developed environment that can influence the country's economy.

[Sophokles]

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?

If bitcoin's role is only to be a store of value like gold then it will not be able to assist the poor anyway. It already has a limited supply and if most of its supply is stored in a non custodial wallet by few percent of the world population then how will other people take part in it? Bitcoin needs to keep circulating in the market with local businesses so that it becomes a medium of value transfer. It doesn't matter if it needs to be bitcoin it can be something else and what i think is that bitcoin shows us a pathway of how it can be done where peoples financial freedom will be in their hand not controlled by few banks or asset managers.

[Dr.Bitcoin_Strange]

If bitcoin's role is only to be a store of value like gold then it will not be able to assist the poor anyway. It already has a limited supply and if most of its supply is stored in a non custodial wallet by few percent of the world population then how will other people take part in it? Bitcoin needs to keep circulating in the market with local businesses so that it becomes a medium of value transfer. It doesn't matter if it needs to be bitcoin it can be something else and what i think is that bitcoin shows us a pathway of how it can be done where peoples financial freedom will be in their hand not controlled by few banks or asset managers.

Yes, mate, there is a lot of money in this world. What I mean is that in our individual countries, we have different local currencies and a huge supply of them compared to the Bitcoin supply, but yet there are still poor people. The question is, why has the money not been able to help them? We work to earn money, and we earn money to invest in Bitcoin depending on our choice, so if one invests in Bitcoin, the reward is profit generation in due season, but if someone doesn't invest in Bitcoin, they cannot depend on it to get profit. So, what I think is that Bitcoin can help those who invest in it make a profit.

[TimeTeller]

If bitcoin's role is only to be a store of value like gold then it will not be able to assist the poor anyway. It already has a limited supply and if most of its supply is stored in a non custodial wallet by few percent of the world population then how will other people take part in it? Bitcoin needs to keep circulating in the market with local businesses so that it becomes a medium of value transfer. It doesn't matter if it needs to be bitcoin it can be something else and what i think is that bitcoin shows us a pathway of how it can be done where peoples financial freedom will be in their hand not controlled by few banks or asset managers.

Yes, mate, there is a lot of money in this world. What I mean is that in our individual countries, we have different local currencies and a huge supply of them compared to the Bitcoin supply, but yet there are still poor people. The question is, why has the money not been able to help them? We work to earn money, and we earn money to invest in Bitcoin depending on our choice, so if one invests in Bitcoin, the reward is profit generation in due season, but if someone doesn't invest in Bitcoin, they cannot depend on it to get profit. So, what I think is that Bitcoin can help those who invest in it make a profit.

We can't expect all people to invest in bitcoin because up until now, the population who are into btc or crypto is still small as compared to world population.
Also, they have other investment options that they are looking at like stocks, real-estate, precious metals and other tangible assets.
So we can't speak for the most of these people when it comes to their preference of investments.
But for those who are already bitcoin holders, for sure, they will find it favorable later on once they are seeing the price is steadily increasing.

[wallet4bitcoin]

Bitcoin has helped loads of processess and protocols most especially in the financial space in the area of cross border transactions.

Many challenges associated with cross border financing has been reduced to the barest and almost not considered a challenge except for institutions that are yet to adopt the technology for reasons of regulations and policies.