Can Bitcoin create an opportunity to reduce poverty?

[teamsherry]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

[Tuclikk]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

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.
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. This is possible when we are on the initial phase of Bitcoin which the price is near a dollar each since the growth is exponential but right now the price is discovered and having even x10 gain is very hard to accomplish on the current price.

 Op Investing on Bitcoin is not bad if you are poor but don’t rely on it solely to getaway from poverty since you will need steady source of income to maintain consistent investment and purchasing your necessities.

Which means Bitcoin can not eradicate poverty.

[Ambatman]

Poverty can never be eradicated
But at most reduced to a certain extent
As long as there's winners
There would always be losers
Everybody can't meet their basic needs
That's the sad truth about life
If everybody is given a million dollar
Then the minimum price for every commodity would be around same range.
Now moving back to your topic
No Bitcoin can't eradicate poverty nor can it actively reduce it.
Bitcoin is a currency
Currency doesn't reduce poverty.
Bitcoin is also an opportunity and opportunities reduce poverty.
In all my ramblings the conclusion is Bitcoin can create an opportunity to reduce poverty.

[Helena Yu]

that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

You can learn by yourself, there are many online sources and videos you can find e.g. learnmeabitcoin. You can't expect someone will teach you, they're high likely will charge some sort of fees because they can't live just to teach, they need foods to consume.

Actually Bitcoin is free, anyone can buy it even they live in a country where Bitcoin is banned completely.

[mirakal]

I believe learning bitcoin has always been free since everything is already laid in the internet, one just need to do its due diligence to study  so that he will come to understand bitcoin and the rest of the crypto market.

However, when asked if bitcoin provides opportunity to reduce poverty, yes it really is. But majority of the people do not know or do not care about this since all they believe is that bitcoin is a ponzi scheme and a big threat to the government. Only those bitcoin enthusiasts are aware about this, the reason why everyone in the bitcoin community is really struggling to save money to purchase bitcoin even at a minimal amount.

On the other hand, poverty cannot be totally eradicated but it can somehow be reduced having bitcoin as a tool. And in order to do that, one must personally gain sufficient knowledge in bitcoin so he can use it smartly to create big positive changes in his life. I've known a lot of people who's lives are improved with bitcoin, but it takes a lot of patience and persistency in the market to make it happen.

[Don Pedro Dinero]

I don't think so, and even less so as events are unfolding. There was a time when it was thought that in the future bitcoin could replace all fiat currencies and be both a store of value, an exchange mechanism and a unit of account. Too good to be true. There are still people who think so, but few. In that idyllic scenario it would supposedly reduce poverty, but as things stand, with most people buying it as an investment and not caring about privacy, blacklists and tainted coins, I don't think such an idyllic future will happen, not by a long shot.

[gunhell16]

I was just a poor person when I stumbled into this field of the bitcoin industry. But out of curiosity, I became interested in learning and studying it. And while I was doing that, I knew that it could help me make a living. And when I found out how to have Bitcoin or cryptocurrency, I became even more positive about Bitcoin and cryptocurrency.

It wasn't until it got to the point that I was making an income here through this forum that I learned the lessons. Until now, I'm still studying it, as if I never stopped. In short, since I was jobless before, Bitcoin has helped me, and crypto has somehow gotten me out of the poverty I was in when I was just starting out.

[Die_empty]

that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

The thought that Bitcoin will eradicate poverty in a country is not correct. Poverty can be reduced in a country through diverse economic programs that include an increase in exports, provisions infrastructure, employment creation, quality health care and education, etc. Teaching students about the crypto space is not a bad idea but it will not singlehandedly lead to the development of any nation. Countries like El Salvador have invested heavily in Bitcoin and it is gradually becoming profitable but the Investment has not made the country eradicate poverty. People learning about the crypto space can help them to diversify their income or create few jobs but you shouldn't see it as the solution to your country's economic woes.

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest.

This year has not been an economically prosperous one. Many people become unemployed and others have been forced into debt because of the harsh economic realities. I know that everyone wants to enjoy this season by going shopping and travelling to visit loved ones. But we can forgo these activities if we don't have the financial resources to fund these expenses. This year will not mark the end of Christmas, there will always be other opportunities to celebrate next year. My suggestion is that you maintain a low-key celebration if you don't have enough money. Don't stress yourself or go to take a loan because you want to be like others. If you don't have money for transportation and there are no provisions for that, remain in your location and celebrate with what you have.

[wtsimis]

I think it is possible to create opportunities for poverty reduce through Bitcoin. Where banking services have not fully penetrated, this can be done through skilled people, facing challenges such as Bitcoin technical hurdles and price volatility. However, not all countries allow the use of cryptocurrency. Moreover, only few people are know about bitcoin.

[Dunamisx]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families

You see, maybe you should understand this one more thing about bitcoin, being a decentralized digital currency, it does not only renders you with the privacy that you want with your finances, it also gives your financial asset an opportunity to make profits when you're holding them in bitcoin asset over time, this is one of the greatest benefits in which banks cannot even try to attempt on that, when you're also ready to exchange it to local currency, the value would have increased as well, so there are more to these that serves as benefits to the reasons why people will always keep seeking to Know about bitcoin.

[DYING_S0UL]

You can start with yourself mate. First teach yourself then your family members, friends and so on. As you mentioned poverty and bitcoin, I'll tell you how it is in my place. First of all, it's banned in our country but we use it anyway. Second, it really is reducing poverty. Our lifestyle changed rapidly because of bitcoin. Before the introduction of bitcoin, we had much much employment problems. But now young educated generations are going towards bitcoin and crypto space. As of this moment, we are self employed. But before that, we had to search for jobs with much lower success rates. Also we gained our financial freedom. Bitcoin opened an entire new world to us. Apart from everything, the only problem that we are facing now is the ban issue. After it gets lifted we can hope to start teaching others became at this moment, we are using crypto in secrecy.  

[michellee]

If they can set aside a little money to buy Bitcoin as an investment and keep it long-term, they may have a chance to make a profit in the future. But poor people won't consider investing because they are more concerned with meeting their daily needs. So they must think about their daily needs first rather than investing.

People need to open their minds to invest to prepare for their future. And people need to learn about cryptocurrency to know its functions and benefits so they can start using it. However, the problem of overcoming poverty depends on the government and each individual's efforts to improve their lives.

And with the convenience of the Internet, people can get more information. They can learn more about it. And if they can find out what Bitcoin does for them, they will want to invest in more Bitcoin.

[KingsDen]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

First, this post is more about the agony of your country men and the bad government. I think it is best fit in the Nigerian local board, who knows if the president of Nigeria will decide to join bitcointalk and may one day stumble on this post. This could be by 2035 and they will provide free bus.
On the question if bitcoin can reduce poverty. It is no longer a new thing. Bitcoin has done it and will continue to do it. But then, bitcoin is not a get rich quick scheme. For you to benefit from bitcoin, you will have to do any of the following;

• Have a job and then be investing in bitcoin
• Own a business and DCA with your profits
• Have a skill, offer services and ask people to pay you with bitcoin
• Become a minner
• Maybe the easiest, is to develop a good writing skill, grow your account here and join a signature campaign

In a nutshell, bitcoin cannot turn a poor country to a rich one. It is the government that will create jobs and not bitcoin.

[cryptoWODL]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

I think poverty cannot be completely eradicated.If bitcoin is legal in the country you live in then you can freely teach and explain bitcoin to people around you no problem.But there are some countries where Bitcoin is completely illegal like our Bangladesh.The rate of poverty is very high in our Bangladesh.Bitcoin can reduce poverty it is true that there are many guys who are unemployed if they can learn bitcoin or earn money by working on bitcoin forum then their poverty will be overcome.

• Have a job and then be investing in bitcoin

It is true that you can invest in bitcoins in addition to having a job. As I am currently working in a private company and also regularly investing in Bitcoin with part of monthly salary. This is very beneficial for me as I can invest with the amount as per my convenience. I also decided that I would keep this investment for a few years and continue.

[Sexylizzy2813]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

OP, are you speaking directly from a specific country?
Well these things you made mentioned happens in other countries too not only your own country, where you have bad roads, transportation is something the poor complain about and you expect the leaders to do something about it, that's where they get their pay from.
Where you talk about poverty and Bitcoin or Altcoin coming to save the day I feel is not going to be possible even if the government approve the use of Bitcoin, as in making it legal I don't see it kicking poverty out. And is a choice to teach Bitcoin without taking any penny, you get paid for teaching or not , it doesn't change the fact that poverty is something we have to live with.
Teaching Bitcoin can't take away poverty but it can only educate people on how to go about it but when you say it will reduce poverty I doubt. It will only increase our knowledge about Bitcoin.

[lizarder]

As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Why can you be so sure that cryptocurrency can solve the problem of poverty in that country. However, on the other hand, you say they have difficulty meeting daily food costs. Cryptocurrency investment is still quite speculative and people will get a lot of pressure when involved in it because generally speaking cryptocurrency will have quite a lot of coins in it. It's the same with bitcoin and I think it will be much more difficult to get involved in it when society is experiencing much more serious financial problems. Never mind buying bitcoin, it is difficult for them to meet their daily needs and how could they possibly think about investing. Poverty is becoming a serious problem today and many people are starting to find it difficult to live a normal life, education costs are high, transportation costs are increasing and health costs are increasingly out of control thus creating a much bigger problem for society.

Teaching others bitcoin is a good step so they can understand how to do it, but if people don't have healthy finances then it will be much more difficult for them to get involved in it. It's the same as when you talk about investing in bitcoin to people who are experiencing the effects of war and disaster in their country and they will never care even though bitcoin is a step that can bring someone to the stage of financial freedom

[Pokapoka124]

that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation.

There are so many sources online where you can learn all about bitcoin for free. Bitcointalk, Youtube, Github, bitcoin books e.t.c all these are free and available for anyone with a smartphone. Bitcoin cannot completely eradicate poverty, like other assets you need money to buy Bitcoin. How can someone who doesn’t have money to buy food afford to invest in bitcoin?

[South Park]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

You are expecting too much from the governments and from bitcoin as well, if things are so bad where you live I do not know how do you expect the government of your country to provide free transportation for the holidays, even this is something I do not remember ever seeing on developed countries, also you can learn about bitcoin and altcoins for free as I doubt any forum member ever paid any money to learn more about this market, and finally while poverty can be reduced it cannot be eliminated, as there will always be some disparity between the wealth of the individuals, with some being richer and others being poorer.

[GeorgeJohn]

I'm responding to this through the caution or subject of the thread, bitcoin can reduce rate of economic crisis or inflation in a country that know the values of bitcoin and invest in bitcoin, so if some countries who invested in bitcoin when the price was low has made a lot of profit now, so therefore I believe that bitcoin investment can eliminate a country inflation and can also bring individuals from poverty when you have the knowledge, like if you invest In bitcoin when the price is low I believe that when the price after five years time and bullrun occur it will make you the investor to be out of poverty.

[Agbe]

Traveling in Christmas period is not an agenda of humanity in this season again because the transport is times ten. Where we were paying $1 as of back then in 2011 to 2015 is now $6 to $6.5 US dollar as if present dollar rate in Nigeria. And really Bitcoin elevates a lot of youths or people from poverty. If there was no Bitcoin technology many people were just hopeless in the society so as Bitcoin came, many use the opportunity to grab it and today they are doing well in their areas. The scarcity of fuel and fuel subsidy affect the economy very badly but if the government wants to do something about it to reduce the price of goods and services, they can do it but they are part of the oppressive class so they won't do anything to reduce the prices of fuel and other things for the Masses to used. They are very happy that the masses are even suffering.

[milewilda]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin isnt an internet magic money that could solve out global problems that had been existing since the beginning of time in speaking about poverty but somehow into those people who are aware of its existence and does really know on how to deal up with cryptospace which it isnt only just limited to Bitcoin but also in other cryptocurrency as well. It would really be something that pertains about individual handling when it comes to making income on which it could really potentially resolved out that poverty that you are experiencing or having a life with. This is something not a solution for poverty in a snap but rather it would really be still needing for you to deal with and do some hard work and make some good decisions with it for you to be able to make money. It is really just that a very wrong mindset into those people whom do really believe that Bitcoin would really be the solution on a global problem such as this, without even trying out to realize on what it is, and whats the real purpose of its existence. Investment and making money opportunity is really just that a bonus
and people should be thinking up that way.

[Fivestar4everMVP]

It is important we all come to terms with the fact that that, there never will be a time when poverty can be completely eradicated from our systems and every one in the world become rich/wealthy, this is not possible and will never happen, and this is because, if everyone becomes rich, or have alot of money at their disposal to spend anyhow they want, money will lose its value, and things will surely become way more expensive than they have ever been, thereby throwing some people back into poverty again.

And besides, believe it or not, the world wasn't created in such a way that every one should be rich, even God said it in the Bible that there will always be poor people amongst us, and it's our duty to help them, for in doing so, we are blessed.

So, in terms of eradicating poverty completely around the globe, bitcoin or altcoins have no such ability to do so, fiat has unlimited supply, and yet many are still thrown into poverty every year, what then can bitcoin and crypto currencies with limited supply in general do?

[terrific]

I'd say yes but this is for individuals not entirely for the poverty that a country is dealing with.
Bitcoin is just like any other assets and opportunities out there. If grabbed, then those people that have believed and spent their money on it will see its appreciation in the future.
But those that are just looking at it and then not doing any actions, nothing will happen to them just like the typical investments too.

[The Cryptovator]

I don't think Bitcoin could help reduce poverty where the entire economy has been facing inflation. Inflation increased globally, so the problem isn't limited to a single jurisdiction where Bitcoin could help. Bitcoin is also part of the economy and can't play any role in reducing poverty. There is no alternative to earning bitcoin if you want to reduce poverty, which is impossible. Otherwise, you have to invest, which isn't possible for poor people. We have to reduce inflation first to reduce poverty. Bitcoin would help, just like any other currency.

[Marvelman]

Times are tough for folks everywhere nowadays.  The economy's in the dumps and money's tight all over and  come Christmastime, lotsa people don't got the scratch to make it home to visit their kin. 

I reckon crypto could be a real blessing for developing countries.  Give access to banks and such that they aint got otherwise.  Help safeguard their savings from inflation too.  Seems to me teaching crypto's a right good notion.  With any luck, more places'll cotton on before long.

[Russlenat]

Bitcoin will not turn poor people into rich but with great opportunities that bitcoin has to offer, I can say that bitcoin could be our future that will help us not to fall on deep poverty. In fact, a lot of bitcoin investors and traders have already experience life's comfort and luxury due to bitcoin but let's not assume that it all happened in an instant, but it really takes couple of years before they come to that position.

Even with my own experience with bitcoin right now, I can say that my life has slowly improved with the help of bitcoin. But let me remind everyone that bitcoin is not a get rich quick scheme, so we should avoid thinking that way like fools and ignorant ones.

[Maslate]

If you are knowledgeable and skillful with bitcoin, then why not? I have known people who have transform their lives from poverty into living comfortable lives right now because they believe in bitcoin and because they make sure to maximize bitcoin opportunities while they are still available. Poverty will never be completely eradicate but with bitcoin's presence, life can be more meaningful and valuable if we make sure to never miss single opportunity from bitcoin.

If we can use bitcoin in a more positive way, like taking advantage of all the opportunities that bitcoin has, then I am more convinced that bitcoin will really reduce the poverty that we are facing at the moment. And if more people will be introduced to bitcoin, then there will be more chances that poverty will slowly eradicate in time.

[panganib999]

It can and it has in the past. Bitcoin is one of those investment ventures you can take with as little money as you have, and with a little bit of stroke of luck and proper timing end up with not necessarily a fortune, but money that would last you for a long enough time. And the even better thing now is that, compared to 6 years ago bitcoin is a much safer cryptocurrency to invest now risk-wise. Cause no matter what happens you have a safety net that's backed with a strong foundation of millions of people and years in the market. So yeah, bitcoin can create wealth and financial stability to anyone willing to take the risk, as with any other type of investment venture out there. Only difference is that you can make the choice even if you're a minimum wage earner.

[jossiel]

It is no doubt that it is one of the best opportunities that each of us got into. So, if you're asking about creating an opportunity and reducing poverty then certainly it is true.

But you don't have to say as if it's the hope of the nations. Maybe but don't make it too dependable with that because not everyone is going to like what you're saying.

Stop also the rants and get all along with your own focus and make your own economy situation way better than before to be a living proof that Bitcoin did all of those for you.

[johnsaributua]

Bitcoin and altcoins can be obtained even in a free way, capitalizing on an internet connection and having social media, if there is a country that does not have it I think the country is very left behind. I'm not talking about people knowing crytpo since 2009 because until now there are still many offers to participate, especially altcoins, I myself still like to hunt. Indeed, we are waiting for the progress of the project but I am greatly helped, one of which can be for emergency funds or buying something useful, one of which is part of the house with the many projects that are followed. Even bitcoins are often distributed for free at events on this forum, and if you are accepted into the siganture campaign you can get weekly.

But if you want to winah and above, you can buy bitcoin and altcoins for daily trading and can even be a long-term investment. people who are currently buying bitcoin can in the future get for many multiples but it is worth the fluctuations in the market the risk is the same, detect when you should sell and buy.

Poverty can still be helped if you want to pursue it, meaning that if there are few jobs and educational standards are a requirement in a country, of course, to start looking for bitcoin and altcoins only requires diligence, many people pursue it until it becomes a job that produces whoever the person is.

[Captain Corporate]

The "fairness" of bitcoin is that if you lose money, we all lose money, if you win money then we all win money. When the price goes %10 up, we all get richer. In fiat world, banks could do whatever the hell they want and they will be recovered with money from our own pockets, and if a company goes down, they will be given a loan from our pockets, whenever a big corporation does badly, they get our money, hell even for "progression" they get money, amazon got 10 billion dollars from government, meaning peoples money, to build a spaceship, at the same time they spent 10 billion to buy james bond catalog all together as well. They didn't need that money, they had 10 billion to build that spaceship, that's the unfair part of the fiat world. Crypto doesn't have that, we are all equals, your 10 million becomes 11 million, my 100 becomes 110, we all get the same results.

[Dr.Bitcoin_Strange]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low. that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

If overpopulation becomes a problem in a country, then the government knows what to do to control the population. There are some countries that have laws on birth control; as such, they have some means by which citizens get educated on childbearing and how to prevent unplanned pregnancy. Some countries approve of abortions and taking some contraceptives to prevent pregnancy, as well as encouraging couples to start family planning.

Like I said above, the problem of overpopulation actually has a solution, and the government of every country knows what to do if they want to tackle the situation of overpopulation in their country. They must not wait for the problem to arise first before looking for a solution to it.

OP, already, Bitcoin adoption is dominating every day, but Bitcoin cannot really make everyone around the world rich. In some developed countries, there are fewer poor people compared to some underdeveloped countries. The reason is that most of these developed countries have a lot of job opportunities or are privileged to earn money, while in the underdeveloped countries, there are only a few means for survival. So, if everyone must be rich, the economic system of such a country must be good, and there should be lots of opportunity for the citizens, which could help them establish themselves.

For example, imagine a country with 500 million people and about 450 million citizens who have very good knowledge of Bitcoin, but only 1 million people have the money to invest in it. Would Bitcoin still make the rest of the population rich? I mean, those who have the knowledge of Bitcoin but no money to invest, would the Bitcoin knowledge make them rich?

Not possible, right? That's to say, Bitcoin cannot make everyone rich. Remember that people still need to work to be able to raise some funds to invest in Bitcoin.

[GreatArkansas]

For me, Bitcoin has some role to play when it comes to poverty but not totally. For me, the main goal of Bitcoin is for us to have banks on our own, using it for payments without third parties or for some inflation problem like the value of fiat keeps losing so more likely if you are saving your money, you losing the value.
But when it comes to poverty, we are the ones who must help ourselves to reduce poverty by making such investments or finding some work.

[hatshepsut93]

There are some success stories of people lifting themselves out of poverty with bitcoin investments or things like bounty campaigns, but this is not scalable - there are billions of poor people and only a little earning opportunities. Holding long term is also not a solution because Bitcoin will not increase in price x100 like did before, and x2 or x3 gains are not enough to make a poor person rich.

El Salvador is a  pretty poor country and they adopted Bitcoin a few year ago - did it improve the lives of average citizens? Most likely not.

[taufik123]

It is difficult to rely on Bitcoin as a poverty alleviation.
This is really the job of the government, Bitcoin is just a revolutionary digital currency tasked with providing transaction security and transaction transparency.

Nothing will change if every country's human resources do not have a good interest in technology.
Moreover, Bitcoin is quite risky with high volatility, this requires special treatment and detailed education.

See how in some countries Bitcoin is banned like in Bangladesh, they don't want to accept Bitcoin in any form and strictly prohibit it.
Even though, the level of corruption there is quite high.

There will be no poverty alleviation if the country does not do it internally first.

[salad daging]

Alleviating poverty is the government's obligation to its country, if the resources are lacking while the human population in each country is large then it will be difficult to alleviate poverty as a whole.

The government will not advise every citizen to have bitcoin as a solution to poverty they do not like this way fiat will still be used so that the government has full control even though the inflation rate continues to rise every year.

I think you can create better opportunities with bitcoin but it is individually where those who have an interest in bitcoin, then you learn how to work and make money here, if someone does not have this ability then he has no chance of a profit.

Bitcoin still has high volatility, volatile prices some people are still reluctant to believe in bitcoin even though many people say bitcoin has affected the world economy.

[pawel7777]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, (...)

Short answer to the question in the topic: No.
Bitcoin, in its current form is simply too expensive to use as a means of payment, not only for people in developing countries, but even for those in developed ones. Currently, you need to pay >$10 for an average-sized Segwit transaction, but could be much more if your transaction is larger.
Bitcoin, at best, could be a way of preserving wealth and a tool to protect oneself from high inflation (much more common in poorer countries), but it doesn't work as an alternative for fiat money.

[anonimogmr]

By the contrary, if Bitcoin continuous to be seen as simple an investment and with the increasing of the price it will be even more concentrated in a few rich people. The more the price increases, the few people has access to it because of the huge fees and there's no incentive for poor people to use Bitcoin.

[sheenshane]

El Salvador is a  pretty poor country and they adopted Bitcoin a few year ago - did it improve the lives of average citizens? Most likely not.

That's exactly what I'm thinking of.
As an example, the first country adopted Bitcoin as a legal tender, I didn't hear that most of their people improved through Bitcoin.  The fact is, that Bitcoin was created because of financial freedom against banks and to become a peer-to-peer transaction.  It wasn't also promised an earning when it was first introduced.

As they can see Bitcoin has experienced significant price increases since its inception in 2009 (the day was created).  Many early adopters and investors have seen substantial returns on their investments and the historical performance has led to this perception that investing in Bitcoin can be a lucrative opportunity.  That's might their reason.

[dothebeats]

This question has been asked far too many times. Short answer is, no, bitcoin cannot end poverty nor poverty can ever be eradicated. So long as there is money, there will be poor people and there will be rich people. There has to be a working class in order to ensure that things get done. If everyone has the same amount of wealth, no one will work another day in their life again and will just consume goods with what money they have.

Bitcoin offered a chance at wealth redistribution, but with only a handful of people believing in it, plus the highly technical requirements it had prior to being widespread, it didn't have that much effect in today's economic landscape. It may have made new millionaires, and have changed the lives of some people who were once stricken with poverty, but that's just a little drop compared to the sea of poverty that a lot of people are still swimming in.

[Manny@11111]

Yes it can help you to get out of poverty if you are intentional about it. Some while back used to be broke despite having monthly paid job till one of my younger brother introduced me to Bitcoin trading and since then I never lacked. This has help a great deal though Bitcoin teaching and acceptability has been free over the years many people are still afraid to invest because they have wrongly invested in other crypto and have lost all their monies but if they can bank on Bitcoin they might yet win again

[Oasisman]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Can Bitcoin create an opportunity to reduce poverty?

NO!
 I don't want to give biased opinion just because I am a member of a cryptocurrency enthusiast group or I own bitcoin and other alts, but I just want keep things real.
Even if you give a poor person a piece of bitcoin or a piece of gold bar so they can sell it and start from there, there will still be a huge chance they'll go back from being poor again. No matter how the government offers free education about crypto or about financial management in general and things like that, if a person doesn't know the value of it, it wouldn't work either. Therefore, the only opportunity we can have to reduce or even get out of the poverty is having self discipline, persistency, and the knowledge on how to manage our finances. So to cut things short, nothing can help a person get out from the poverty if he's not willing to help himself first.

[Hewlet]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

first, understand that poverty can't be totally eradicated from the world using any defined method. People being poor is a function of so many factors and no matter how you create a system that will reduce the rate of poverty ravaging the land, some people will still remain chronically poor because of their poor decision making skills and their inability to handling resources that comes their way.

Going to your analogy on how tye hike in the price of fuel has been a manor problem and the fact that if bitcoin is taught in out local communities it would help to reduce poverty, I doubt tye problem of the people in the local community is related to bitcoin or can be solved through it. What most people need in their local community is basically an improved way of doing their farming, fishing or any other business they are doing. It's not compulsory that everyone should know about Bitcoin or even accept it, if a reasonable number of people know about it and are working  it adoption then i feel that is good enough

[KiaKia]

It depends on the person, do you want Bitcoin to be your source of poverty breaking solution? The answer is it's possible, only if you want Bitcoin to do that for you, but you need to help yourself first before you will get the results you so desire, you need to accumulate many Bitcoin as possible, you don't need a whole Bitcoin, just get what you can and hold for some years.

It seem impossible for those who are not smart because the value of Bitcoin today is very high, but that's what many people thought when Bitcoin was over $1000, they said it's too high and not possible to make future gains anymore.

They will probably say the same when Bitcoin reach six figures too, so don't be confused by such people, with Bitcoin anything is still possible, Bitcoin total supply is limited and that's one of the good reasons its value will keep increasing.

[bettercrypto]

Yes, bitcoin can give opportunity to most people who will believe in it, and not only in Bitcoin but also in other cryptocurrencies can also give profit to anyone who takes a risk here. And I have not seen anyone who has made money in the crypto space who has not decided to face the risk in this business industry.

But for most of the rest of the world, this is not an opportunity for people who don't fully understand this kind of thing. Rather, they even think that this is a scam, which it is not, but scammers often use it to scam investors that they can fool.

[Alpha Marine]

Bitcoin can create employment opportunities for traders, developers, marketers, and all, but I don't see how Bitcoin can eradicate poverty. Bitcoin won't make the economy better on its own. Transportation won't get better if Bitcoin is taught even in schools.

What we should do is how to have multiple streams of income. Get a skill, and start a business. If you want to earn income from Bitcoin you can learn a skill in it.
The government doesn't want to make the economy better, they just care about their pockets so we have to do something for ourselves.

[Adams0001]

that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

You can learn by yourself, there are many online sources and videos you can find e.g. learnmeabitcoin. You can't expect someone will teach you, they're high likely will charge some sort of fees because they can't live just to teach, they need foods to consume.

Actually Bitcoin is free, anyone can buy it even they live in a country where Bitcoin is banned completely.

Exactly don't waste time waiting for them to guide you on it, technology has advanced to the point where you can learn by yourself by conducting research on the Internet and you will understand how bitcoin works because there are many people who don't want you to succeed in life, even if they have ideas about bitcoin investment they will hide it because they don't want your success they will hold the update and making money on it, since everything you want to learn about Bitcoin is available on the Internet you don't need to wait to ask anyone to help you out expect you need more explanation on it, and you need to find a better person that as been in bitcoin investment for long time and guide you steps by steps.

I don't think they'll find anything in this world that can completely eliminate poverty because there are some people who will never succeed in this life and will never be wealthy. Even if you try to explain something to him so that he can do and get money, he'll say he's not interested so bitcoin is just a coin that you need to invest in to make money, and you need to use money to do it, because investors use money to make money. Even if you don't have money, you can't manage a business. The poor need a place to flourish but don't have the money to get into the economy, thus poverty will never go away but it can be lessened by opportunity.

[Omahabit]

Poverty can never be eradicated
But at most reduced to a certain extent
As long as there's winners
There would always be losers
Everybody can't meet their basic needs
That's the sad truth about life
If everybody is given a million dollar
Then the minimum price for every commodity would be around same range.
Now moving back to your topic
No Bitcoin can't eradicate poverty nor can it actively reduce it.
Bitcoin is a currency
Currency doesn't reduce poverty.
Bitcoin is also an opportunity and opportunities reduce poverty.
In all my ramblings the conclusion is Bitcoin can create an opportunity to reduce poverty.

[Omahabit]

Bitcoin can create an opportunity to help reduce the rate of poverty to an extent like 20% if 70% of the entire population is aware of and invests in bitcoin, though bitcoin has limited liquidity. I believe if 70% of the population of the world understands the value of bitcoin and invests in it, it will create an opportunity to reduce poverty because bitcoin will make a lot of people understand investing and how money can be shared, although poverty cannot be eradicated because there will always be a winner and a loser due to FOMO, or level of greed, which is the screen of wealth creation.

What are your own thoughts?

[Nrcewker]

There are many countries present which due to the poverty haven’t tested the presence of internet. In these types of countries introducing Bitcoins will be really tough. They are unable to get the basic necessities, they won’t easily trust on the coins if also it is introduced. Poverty can be eradicated only through smart work. I am sure that smart people are already investing in the coin in order to come out of the poverty.

[Blitzboy]

its a tool, not a cure-all. Digital currencies can skip banking constraints and reach underprivileged populations, promoting financial inclusion. Is the poor ready for such a technical leap? Bitcoin training is helpful, but without financial understanding and technology, its ineffective.

While decentralized money empowers people, Bitcoin is volatile. The poorest are at risk from this volatility. Digital currency enthusiasm must be balanced with realistic appraisals of its potential and threats.

Recognise that poverty is complex. Bad government, weak infrastructure, and economic instability are deeper issues than digital literacy and financial education. Bitcoin can help, but not too much. Poverty reduction is a bigger picture.

[Faisal2202]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest.

I don't think the bad road would be a valid reason for anyone to not to go to their state to celebrate Christmas, and I don't know how much it costs in foreign countries, but in my country, the majority is Muslim and by this info, you can assume that those who celebrate Christmas don't celebrate at the level at which other countries celebrate, it's not that our culture is stopping them. Well, we are being off-topic here, the point is, that transportation is not that expensive unless you are traveling from one country to another.

.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

I respect your thoughts as BTC and alts will really eliminate poverty, I am a live example of it, like if I would not know this forum, then I would not be joining any signature campaigns, as a student I have to make my living, and I belong to a lower class family, which means I have to meet my family expenses too. And you will be shocked my all earnings are coming straight from BTC or from trading holding of my BTC.

[ultrloa]

Why people think about bitcoin can reduce poverty? While its really up to the person on how they could change their life by adopting it. Bitcoin is just a tool which actually have a lot of opportunities to take since this is well adopted by to many people around the world that's why any individual could seek for better opportunity by using this to change their lives. Bitcoin is just a tool and some people misinterpret it that's why instead of making their life better the one they encounter is huge risk and they lose their money because they believe that there's easy way for them to get rich and they had been taken advantage by those scammers.

[synchronym]

When we invest in Bitcoin, however, if we invest patiently, we can get some profit from this Bitcoin investment over time. Just because many of us have become financially prosperous through Bitcoin investment does not mean that the poverty line can never be controlled by Bitcoin. Because those who invest in Bitcoin do not have a long-term plan, investing for a short period of time does not bring much success. How do you invest in Bitcoin if you are poor?  Many times it is seen how many poor people invest in bitcoins by taking loans from others. In fact this kind of investment is very risky for bitcoins because once the money is lost then he will be completely destitute.

[bluebit25]

OP, you need to look at the problem of poverty it depends more on the individual problem than to talk about the problem of the media and here it is through bitcoin. Similar to the way you posed the problem, I can use your own argument to ask something like "Can money, gold,.. create an opportunity to reduce poverty?"

Being rich/poor is up to us to decide, learning and applying knowledge reflects the results and going through many different fields to help us reach our goals, but remember that the core still human. So there are many rich/poor stories in this field, its fairness lets us understand that if not in this field, then other markets will be similar.

[moneystery]

maybe for some people, they can eradicate their poverty through bitcoin, whether they become traders, education providers, developers, etc. however, for bitcoin to be able to completely eradicate poverty in a country is impossible. that's because bitcoin has limited opportunities that can be explored in its ecosystem and moreover, bitcoin's function is as a tool for transactions, not to eradicate poverty.

still, the best way to eradicate poverty is to rely on your government or look for various business opportunities around you and take advantage of them.

[yazher]

Yes it can help you to get out of poverty if you are intentional about it. Some while back used to be broke despite having monthly paid job till one of my younger brother introduced me to Bitcoin trading and since then I never lacked. This has help a great deal though Bitcoin teaching and acceptability has been free over the years many people are still afraid to invest because they have wrongly invested in other crypto and have lost all their monies but if they can bank on Bitcoin they might yet win again

Some other people are like you who used the opportunity to trade in the crypto market with their salaries and some others also made some huge steps where they aim for the future which is they took the right way by giving up their bad habits and converting the funds for that too but bitcoins and most of them became successful because bitcoins won't burn your money instead it multiplies and also preserved it. If they only take advantage of this opportunity to invest, they would have one of the people to rejoice today but unfortunately, most of them are still in doubt about it and the result is, that they don't get any change in their lives either.

[hyudien]

that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

According to you for the government it is something that must be implemented without taking advantage of transformation taxes and so on. Tourists visiting on holiday should use state banknotes  for what purposes? to increase demand and increase its value. I know what you mean, it's just that things can't be as easy as you want. Each country government system has its own authority and policies regarding digital assets. Even though you suggest implementing a payment system via crypto assets on the other hand there are  many considerations to overcome its volatility. Therefore to respond to technological  advances the government issued a CBDC.

[Rruchi man]

~

This is no longer "can", bitcoin has already created the opportunity for poverty rate to be reduced by creating an opportunity for investment. There use to be a big gap for the poor and average to fill before becoming rich, but with bitcoins, an opportunity have been created that can help the poor fill the gap and turn their fortune in a very short time.

The money usually needed to find good money, is usually a lot of money. With bitcoins, small amounts of money within your means can steadily be invested.

[pakhitheboss]

This is no longer "can", bitcoin has already created the opportunity for poverty rate to be reduced by creating an opportunity for investment. There use to be a big gap for the poor and average to fill before becoming rich, but with bitcoins, an opportunity have been created that can help the poor fill the gap and turn their fortune in a very short time.

Please enlighten me as to how the gap between the rich and the poor has been filled by Bitcoin. My knowledge base says it cannot be done as 1 Bitcoin cannot be bought by a poor. If a poor gets money and tries to buy Bitcoin in small amounts, the next issue a poor guys will face is the sudden increase in Bitcoin transaction fee, which can go upto $40 in the current situation.

Don't bluff! Give facts to counter your reply as without facts nothing seems convincing. My observation is that Bitcointalk forum can get a poor person out of poverty, if he/she has the ability to grow in the forum. Without this forum many here would have achieved nothing. Bitcoin is for everyone and so is the forum, which you would know how it has helped you and many more like us to achieve financial liberty.

[Rabata]

I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment. Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.

[Obim34]

There is every possibility of learning Bitcoin without paying any penny, it has been free just left for a person to be very much inquisitive to gain this knowledge about Bitcoin. Doing Bitcoin is not a professional job and learning in it should be done during leisure or creating space for it after your working hours.

For the case of Bitcoin eradicating poverty it is quite not possible, it may help few and not all the masses. Most people don't believe in Bitcoin, they still have the heart of fear and doubt so they refuse to invest, only work with those who are ready and willing to accept Bitcoin as to help them partly in eradicating poverty. Bitcoin alone won't help you eradicate poverty also try as much to get a good physical paying business.

[xSkylarx]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Learning Bitcoin and Altcoin is free online, and it can be learned by anyone. It is not like wealth or physical money that needs to be transferred to you, it is your own will to learn it and eventually earn from it. Though the opportunity is there, it is not guaranteed to reduce the poverty on it completely. There may have been others who moved to the middle class before, but there are still only a few people on it and again it is difficult to rely on it. Now it is better to find a job to feed you.

[lizarder]

I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment.

The problem is not the opportunity to change someone to be stronger in reaching the stage of financial freedom but rather how someone handles investments responsibly which does not put them in a state of panic which results in the risk of loss. In fact, poverty is a pretty big problem at the moment and just like you said, how can they be involved in investment if they don't have money to support it.

Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.

The risks in Bitcoin are much greater when someone doesn't understand how it works and I'm sure people who don't have good financial skills will never learn to understand it. Not everyone can overcome poverty through investing in bitcoin because it talks about the availability of capital and only a few people get involved in bitcoin when they do not have a balance of income and spending money for daily needs.

[ndutndut]

I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment. Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.

Bitcoin cannot be a solution to overcome poverty in this world. What can overcome poverty is of course the government which can make good policies. For example, good education can play a role in alleviating poverty, because good education can change the mindset of poor people who were previously resigned to a mindset of progress, and have greater opportunities to get a job.

After getting new money he invested in bitcoin for the long term using DCA and was ready to take risks so he could improve his finances better in the future. Because not everyone can get free bitcoins, most of them get rich from bitcoins because they buy bitcoins gradually and keep them for the long term.

[alankasman]

Can Bitcoin create an opportunity to reduce poverty?

Bitcoin cannot eradicate poverty because poverty is an inseparable part of human life and humans as perpetrators can only reduce the level of poverty to a certain extent because this part is multidimensional and occurs due to many factors.
Bitcoin is just a payment network or a type of currency like a means of payment that can be used for transactions anywhere, even though in practice Bitcoin is used as an investment.

Other facilities and infrastructure that are part of the poverty factor are not resolved by Bitcoin, but are resolved by the people, namely the state and us as humans who have the heart to be sensitive to others.

[Mate2237]

It is not all the people that will benefit from and Bitcoin will not reduce everyone from poverty but for those who are lucky and come to it and invest in it. And anyone who thinks Bitcoin will make them to become rich for over night will be disappointed. Bitcoin nis for all but not all will benefit from it. I will not say Bitcoin can't reduce poverty because many have benefited from it and Bitcoin has created a lot of millionaires and billionaires. So those who are serious and investing for long term and when the bull times comes for you to harvest then your poverty will be eradicated.

[Zoomic]

Poverty eradication is deep, really deep. Poverty can only be eradicated when our scarce resources are distributed equitably to all, i mean everyone and this can not be achieved with just Bitcoin alone, especially considering the fact that many are still yet to embrace Bitcoin and all the benefits that comes with it. Bitcoin can only assist in reducing the level of poverty but not to eradicate it completely. It is left with the government of a given country to put in place good policies that will enhance the equitable distribution of scarce resources, until this is done, then poverty can never be eradicated.


We just have to be honest with ourselves, not everyone who invest in bitcoin will make it through bitcoin. The Bitcoin market is highly volatile, and not many will understand how the market works and how to follow it up. Those who do not understand how the market works might record losses instead of gaining.

[acener]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Cryptocurrency could help people earn extra for them, but it is hard if it would be the only or main source of income.
If our salary is not enough we should learn how to earn more, don't settle for a single source of income.
For example some people from my work place are selling snacks, meals or other necessities for their extra income.
It is small profit, but if it would be accumulated daily it would be worth it.

[Queentoshi]

The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin can create an opportunity to help reduce the rate of poverty to an extent like 20% if 70% of the entire population is aware of and invests in bitcoin, though bitcoin has limited liquidity. I believe if 70% of the population of the world understands the value of bitcoin and invests in it, it will create an opportunity to reduce poverty because bitcoin will make a lot of people understand investing and how money can be shared, although poverty cannot be eradicated because there will always be a winner and a loser due to FOMO, or level of greed, which is the screen of wealth creation.

[Hypnosis00]

I don't see Bitcoin as a solution to people's poverty because it is a volatile currency. Where there is a possibility of loss after investment. Moreover, those who are poor will not be able to keep enough money to buy bitcoins. But if one can buy and hold Bitcoin for a long time then he can definitely get multiple or more of his investment. Poverty alleviation through Bitcoin is possible for those willing to take this risk. But one must take a decision after knowing well about Bitcoin. Investing here only for profit motive is more likely to reverse. It is an independent investment platform so anyone who invests here can be profited.

Not at all but the only thing that Bitcoin helps us to change someone's life. IF all people invest in Bitcoin we can expect that all will also improve their living but having the fact that not all are interested and has the capability to invest this will never be a solution to the poverty issue of the country. Still, the government's participation has a big role in solving the poverty of the country and helping grow the economic system of the country but if the leaders and all government officials are corrupt, nothing to expect from them instead, they are making the situation worsen.

[kojektea]

This should be possible because Bitcoin as a payment solution also offers financial freedom. but this is how users respond to the development of bitcoin, whether they can adapt to its existence or stay away from it. I've even been helped a lot economically by Bitcoin, which means I can answer the question briefly. It's just that each person will respond differently and how they are treated, not only can some people be rich, they can even be poor here.

[Churchillvv]

~Snip~

In as much as I have the slightest knowledge of Bitcoin and cryptocurrencies at large I do not see any connections between teaching Bitcoin freely or at any cost and eradicating poverty from any country.
if you know the concept of Bitcoin you will understand that it has nothing to do will with eradicating poverty in a state (country) but for the status quo poor people who will find the advantages of Bitcoin can venture into it as an investment and in return move from their current social status. hence reduce the poverty in them but not eradicate poverty generally. besides Bitcoin knowledge has always been for free and nobody charges you for learning about Bitcoin because it's an internet based learn which you can get at any given time.

[alastantiger]

We have so many ideas and plans on what bitcoin should be do and operate.
Bitcoin will not reduce poverty because it is not a magic wand. It is not a spell that can be cast over a poor nation with bad leadership, terrible economic policies and political climate, and high level of corruption. I want to see Bitcoin succeed at individual level.

[serjent05]

The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin is freely being introduced in every nation.  Has anyone heard of a person disseminating information about BTC being arrested?  People who are arrested engaging in cryptocurrency are people who offers a fraudulent services but information dessimination about Bitcoin is not hindered by any means.  Those who are oppose Bitcoin, simply make their own anti-Bitcoin information campaign.

see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation.

Bitcoin since it is one of the new technology offers an opportunity for the company to venture in.  This may create new jobs and opportunities to people but I do not believe that it can help in combatting poverty.  Unless the government make a program that can elavate the status of living of its citizen and make Bitcoin as a tool for it, Bitcoin alone cannot do the job.

[pawel7777]

This should be possible because Bitcoin as a payment solution also offers financial freedom. but this is how users respond to the development of bitcoin, whether they can adapt to its existence or stay away from it. I've even been helped a lot economically by Bitcoin, which means I can answer the question briefly. It's just that each person will respond differently and how they are treated, not only can some people be rich, they can even be poor here.

Freedom is great until you are forced to pay over £30 in transaction fee (as I was forced to do recently). As I said before, Bitcoin in it's current form is absolutely not suitable for any regular payments. It could (and does) work great as an investment or for large transfers, but it's just too expensive and unpredictable to be used as a means of payment by poor people in developing countries. Lightning network offers some solutions to that problem but it still has too many limitations.

[Zigabel]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Introduction of Bitcoin isn't very much of a problem in most countries where they do suffer the subject matter you did mention but I think what is the major problem dwells with the acceptance and acceptability of Bitcoin In these places, some of these countries have refused to accept or adopt the usage of but coin in their jurisdiction because of their personal interest of for security reasons. Teach Bitcoin in some of these are may not be very effective because they may end up not making use of the knowledge because it's not supported around the area.so the knowledge can't be explored fully to its potential.

Basically if the issues of policies with the government will resolved almost immediately and the adoptable of Bitcoin becomes no issues, I'm sure they will been.

[Ale88]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin may help the poor people when it comes to move money around, especially for those who work abroad and need to send money to their families in their own countries every few weeks/months because services like TransferWise etc take a big commission in order to do this transfers. What you are saying is pretty much impossible to realize right now.

[LogitechMouse]

Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose interest.

There are some reasons why some aren't even spending the Christmas season.
Religion, work, lack of money, etc. Though high fares is also a reason, it isn't the only, and the main reason because I've seen some people here in my country that aren't even going to spend the season with their family because they will lose the opportunity to earn more money. I know it's kind of sad to think, but that's how they live. If they will not work, they will not have money.

As a good country the government should have free bus for less privileged to travel home for season like this.

This will not happen.
Just think of this. The government will offer free buses. People will flock to it because it's "FREE". The government will be having a hard time finding a bus company that'll do it, and at the same time, they will find a way to find money to be used for gas for the bus, and the payment for the drivers. Well, there might be some places that might do it, but most will not do it.

~why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow

We can do it for free. In fact, many are doing it already and it's for free. There are some people who are introducing, and teaching Bitcoin to other people for free.

let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin isn't the solution for eradicating poverty.
Poverty will not be eradicated anymore. Bitcoin will not be like a magic wand that when they use it, they'll be out of poverty already. Bitcoin isn't the solution. Mindset is the solution. The way they think is the problem. The way they handle money is the problem. The poor people lacking financial knowledge is the problem why they're poor. Bitcoin can reduce poverty, but it alone will not, and it needs other factors for a person to be out of the poverty zone.

[Assface16678]

It depends on the people, people who're in the poverty state of human society; not all people have the capability to give time and effort to learn something new like bitcoin or crypto currency. So even if yes, bitcoin could help those people in poverty, if they don't do this stuff or have patience to learn this stuff, then it will never help them. That's why I said it depends on the people themselves. For example, if a family is living on a street, do you think they will have the capability to do bitcoin stuff? Even if they want, they can't because of their incapability, so it's rather safe to say that bitcoin being a supplement or help to people will depend on the capability of the person. If they can have access to the internet or a device that they can use to study these things, remember that if they don't start or if they can't start to do bitcoin stuff, then they will never be helped to survive or change their lives.

[2Pizza410000BTC]

 It is not that Bitcoin will free people from poverty. Legalizing Bitcoin in poor countries is guaranteed to make poor countries poorer. Like if I am speaking from my position in Bangladesh, if Bitcoin is legalized in Bangladesh then most of the people in this country will suffer by investing in Bitcoin. Because almost people are poor in our country. People in poor countries will invest in Bitcoin and sell at a loss due to scarcity. Bitcoin is only suitable for those who can hold it for the long term.

However by working on bitcoin forum people can make money from here and remove the poverty of his country and his family. I used to live a very bad life. I came across this bitcoin forum through a friend of mine and started earning from here by building a good position. Currently I am able to manage my family and grow investments with the weekly income I earn from here. Now I am earning money by working outside site permanently besides Bitcoin. From here I can say that Bitcoin forum can free the poor if they can earn from it.

[Essential10]

Just teaching about Bitcoin or altcoins won't alleviate poverty, it can certainly provide valuable knowledge and tools to people who don't have access to the traditional banking system. Poverty is a complex problem that cannot be solved by a single technology  solution. Acceptance of Bitcoin and other cryptocurrencies as a legal form of payment from the government may have some impact on financial inclusion and economic empowerment for some individuals. Widespread adoption of these technologies alone will not solve the deep-rooted systemic problems that contribute to poverty. Addressing poverty requires a multi-pronged approach that includes education, access to resources and equitable economic opportunity. While Bitcoin and altcoins may offer some potential benefits, they are not the only solution to poverty.

[Jawhead999]

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

[EluguHcman]

Bitcoin has the potential value to tackle hard economic system with the potential capacities to profer enrichment and reduces the level of poverty but not to completely eradicating global poverty as OP may be insighting and the significance random lectures about Bitcoins to the people as OP could also be agitating.

Bitcoin industry is wide spreaded for anyone to trade and Invest on but not for everyone because everyone might not be able to uphold with the patient and the alternate source of incomes demanded in other to achieve your goals of income neither is it everyone that has the capacity to tolerate with the risks involved in Bitcoin so basically, you don't have to be on one sided positive thought to initiating people to the world of Bitcoin. The prons and cons should also be considered.

[Litzki1990]

Of course Bitcoin plays a great role in poverty alleviation. There are many members in this forum and most of the members who have rank are working on various signature campaigns of this forum. Different members get good amount of money at the end of the week according to ID rank and pay rate of different signature campaigns. Those who once had a hard time managing their families are doing well thanks to this forum and Bitcoin is definitely one of the virtues of poverty alleviation. Many people have been able to transform their financial situation by investing in Bitcoin. Many unemployed kids have chosen bitcoin forums as their employment. Apart from doing various jobs on bitcoin forum they are regularly investing and trading which is clearing their financial problems and leading them to live a good life.

[Blitzboy]

It is not that Bitcoin will free people from poverty. Legalizing Bitcoin in poor countries is guaranteed to make poor countries poorer. Like if I am speaking from my position in Bangladesh, if Bitcoin is legalized in Bangladesh then most of the people in this country will suffer by investing in Bitcoin. Because almost people are poor in our country. People in poor countries will invest in Bitcoin and sell at a loss due to scarcity. Bitcoin is only suitable for those who can hold it for the long term.

However by working on bitcoin forum people can make money from here and remove the poverty of his country and his family. I used to live a very bad life. I came across this bitcoin forum through a friend of mine and started earning from here by building a good position. Currently I am able to manage my family and grow investments with the weekly income I earn from here. Now I am earning money by working outside site permanently besides Bitcoin. From here I can say that Bitcoin forum can free the poor if they can earn from it.

Bitcoin's poverty-reduction potential is complicated. Bitcoin may not solve poverty, especially in Bangladesh. Uninformed or unprepared bitcoin users may suffer financial hardship due to its volatility and complexity. They may invest without knowing the risks and lose. Financial literacy is essential in this environment. Public education about Bitcoin is crucial. Only well-informed choices yield success.

Your Bitcoin forum experience shows another perspective: information and community empower. It shows that with instruction and strategy, Bitcoin may improve economic situations. It shows Bitcoin's potential for financial inclusion and empowerment beyond investment.

I recommend promoting Bitcoin through knowledge and judicious investing. This manner, we may use it to help the poor without risking them. Empowering individuals with knowledge and opportunities goes beyond Bitcoin.

[peter0425]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

clear that you mentioned altcoins meaning this is not just about bitcoin but crypto instead?

also your post is very long without any cutting , sometimes reading such is annoying so please prevent from creating this kind.

and another thing is about  reducing poverty is not for bitcoin to create but for the world to understand and follow , bitcoin is only the tools.

[Y3shot]

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

Bitcoin doesn't  really fight against poverty directly,  Bitcoin is just like a support to help people financially. When you are rich and you invest in bitcoin it increases the money that you have  on you. Bitcoin is a digital investment that is profitable,  it doesn't make people rich who have nothing and it is not an investment that people who do not have income can just jump into and it is not an investment that one can depend on it. It is only work, business that can help fight against poverty.

[cryptodude]

Bitcoin has the potential to create opportunities for poverty alleviation. Many parts of the world are not yet penetrated by banking services. Since Bitcoin is a decentralized digital money, people far away from the traditional banking system can avail this service through Bitcoin. But here too there are some limitations because apart from market volatility and solving technical problems, this service has no scope without an educated population.

[Shamm]

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

Bitcoin doesn't  really fight against poverty directly,  Bitcoin is just like a support to help people financially. When you are rich and you invest in bitcoin it increases the money that you have  on you. Bitcoin is a digital investment that is profitable,  it doesn't make people rich who have nothing and it is not an investment that people who do not have income can just jump into and it is not an investment that one can depend on it. It is only work, business that can help fight against poverty.

Agree with this mate Bitcoin itself can not beat poverty but Bitcoin can help those people who are aiming to live better than their current living, and yes Bitcoin is a trusted coin that once you have and invest with it then you can gain more profits. So  the main thing here is once a country who are too many people then  they try to buy some Bitcoin's and when the profit is come then  they will have the opportunity to live their life much better.

[lizarder]

Bitcoin has the potential to create opportunities for poverty alleviation. Many parts of the world are not yet penetrated by banking services. Since Bitcoin is a decentralized digital money, people far away from the traditional banking system can avail this service through Bitcoin. But here too there are some limitations because apart from market volatility and solving technical problems, this service has no scope without an educated population.

It seems that not many people understand how the poor in living their lives and talking investa in Bitcoin will be far more difficult when someone has difficulty meeting their needs. On the other hand poverty is a major problem that arises at this time caused by the absence of workers that can make money to the wider community. Bitcoin does provide a way to achieve freedom but there is no way for the poor to succeed in investment if they do not have sufficient capital capabilities.

We always associate the banking system that is getting worse with its journey but there are many people still need this system to support business and involvement in Cyprrto specifically. We will create a great opportunity if it has supporting factors because to create financial freedom does not occur in a short time instantly.

[majeed]

Bitcoin won't solve poverty. Indeed, the world is digital, and our traditional currencies are all old. Teaching Bitcoin and altcoins empowers minds, not merely imparts knowledge. Understanding the digital economy is more than digital money. Because of understanding, you can innovate, adapt, and overcome. Totally eliminate poverty? Bitcoin is revolutionary, but that's a huge order. I'll address your issue concerning free cryptocurrency education. Good idea, especially for kids. After all, knowledge is power. However, learning about Bitcoin won't help someone escape poverty. Non-direct line. A strong tool, but still a tool. Education alone won't make a difference; we need platforms to apply it. It's like giving someone a fishing rod without instruction. 

I like your idea, but don't oversell it. Bitcoin and cryptocurrencies can help, especially for online workers and diversifiers. This is a complicated subject. Education, opportunity, and creativity are vital. If we combine this with digital currency education, we may be able to reduce world poverty. It's a collaborative effort that starts with reasonable expectations and practical actions.

[Aanuoluwatofunmi]

Bitcoin can make you get rich but this may not be as faster as you may expect because it has to go along through various stages of your investment in it, you would have also understand the way the bitcoin network work or operates, but on a common approach, if we literally Invested on bitcoin and have it on our personal wallet then hold for some time, we are going to be profitable in it, especially when our targe is on bullrun.

[jeraldskie11]

When we are in the company, we may calculate how much money we will make in the next month, six months, or even a year. It's almost as if your life is a pattern that never changes. But what if your wage is only enough to cover your basic needs? Who you are today is most likely who you will be tomorrow. If we are interested in Bitcoin, such as investing in it, it has the potential to improve our lives in the future. Bitcoin is a game changer, which is why most people who came here looked for a better life.

[oktana]

From the way you’re asking, I want to say a straight “No” because you’ve listed numerous challenges that honestly doesn’t have anything at all to do with Bitcoin. I guess People need to understand that Bitcoin is only but a cryptocurrency. Hodling it may give you some profits but that’s just it. It doesn’t elevate people from poverty and fix bad roads and insecurities as you make it sound.

[CryptoHeadlineNews]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

The fact remains that Bitcoin has actually made people rich/millionaire, and that is only those those who saw that it was a asset worthy of value and invested in it 10yrs ago when it's value was still significantly low. Because inasmuch as you never bought BItcoin 7 to 10yrs ago, you are liking to wait another longer period to make good returns off your investment. As Bitcoin is not a Ponzi scheme where you could invest in it today and except to get rich overnight. That's not how it works.

While secondly, another way you can reduce poverty with Bitcoin is if you trade (Dollar Cost Average).

[Renampun]

...
that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin cannot be said to be a means to solve poverty, but Bitcoin can be said to be a way to become rich. In this world, people who are successful and rich don't happen by accident, there must be a lot of hard processes behind it and for everyone who hopes to be successful or rich from Bitcoin, they also has to go through such trials, they have to be able to hold Bitcoin until the price is high. on another topic, I have argued that it is impossible for poor people to invest in bitcoin, even if they are poor at eating, they will definitely just choose to buy food instead of bitcoin.
For this reason, education about cryptocurrencies from an early age will make the future of young people better, in the future they will adopt cryptocurrencies, especially Bitcoin, in their investments. The thing that will never happen with Bitcoin is that the price will go to zero. Bitcoin price will continue to increase so Bitcoin is the best investment right now imo.

[Smartvirus]

Life isn’t free and having to expect that it would run on a free expense is just one way to live on the hard side of it. I get it that everyone aren’t privileged and people deserves aids from time to time but, pegging this on someone or the government when your not doing much to enrich the treasury box is just how this isn’t happening. Politicians looting funds and citizens looking out for means to by-pass civil duties, payment of taxes and more.

Still, Bitcoin might not be the solution to poverty. Don’t forget, it is a currency and an investment. Investments come at a price. You need a capital, a device and knowledge of it. Note also that knowledge isn’t cheap and not everyone would want to waste profitable hours to give feee seminars on how to invest and make money out of known skills of there’s.

I really hope we don’t burden Bitcoin with the problems of our world, it’s first and foremost a currency!

[adzino]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Not sure what does poverty have to do with crypto currencies. It's true Bitcoin and other cryptocurrencies can provide new opportunities, but it is for "investors" that can afford to invest in such highly risky volatile currencies. If you are suffering from poverty, crypto currency investment isn't for you. The only thing I can see crypto currencies helping in terms of financial aspects, is a "bank" for the unbanked people. But that won't magically remove poverty from their life. Bitcoin allows people to have control over their own "money" without needing a traditional bank. This can be a big deal in places where banking services are limited or non-existent. It does makes it easier for people to receive payments from anywhere in the world, potentially opening up new "job opportunities" from all around the world.

[AnonBitCoiner]

Poverty can never be eradicated
But at most reduced to a certain extent
As long as there's winners
There would always be losers
Everybody can't meet their basic needs
That's the sad truth about life
If everybody is given a million dollar
Then the minimum price for every commodity would be around same range.
Now moving back to your topic
No Bitcoin can't eradicate poverty nor can it actively reduce it.
Bitcoin is a currency
Currency doesn't reduce poverty.
Bitcoin is also an opportunity and opportunities reduce poverty.
In all my ramblings the conclusion is Bitcoin can create an opportunity to reduce poverty.

poverty can be decreases through bitcoin but knowledge is must here therefore with this knowledge you can end poverty but with the lack of knowledge you will increase poverty if you invest in bitcoin but are unable to continue it.

Everyone cannot make investment in Bitcoin even having knowledge about it because their financial system are not better enough to allow them for bitcoin investment even they know about the whole details of bitcoin.

Currency can eradicate poverty because if a currency is stronger then economic situations are stronger and if all individuals of a country start investment in Bitcoin then there is a hope the very soon poverty will end in that country.

Bitcoin is used as an investment opportunity so all those who gain knowledge about it and then use their knowledge to invest in bitcoin are wise People and they will soon change their financial status.

[AicecreaME]

Bitcoin already created opportunities to help anyone, it's just not everyone of us knows Bitcoin exist and those who knows it exists mostly are nonbelievers.

Poor people also doesn't have the privilege to grasp Bitcoin, that's why maybe they don't even bother to have it, because what they earn daily or even monthly are just enough to feed their families and pay their bills, nothing more, nothing less. Also, the very first cure to poverty is to educate those people who are illiterate about sex education. Those who lives in slums or secluded rural areas mostly produce children because of boredom, since they are unemployed, that's also need to be solved first to eliminate poverty if possible.

[HelliumZ]

It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

[Kelvinid]

No, actually Bitcoin make rich get richer, Bitcoin is risky asset for most people, when they don't have a lot money, they're not dare to invest in Bitcoin. Although Bitcoin could make you have an opportunity to multiply your capital, poor people don't want to take risk and hold it for long term.

The problem of poverty is education and access to resource, not Bitcoin or other investment.

Indeed, we see opportunity in investing in Bitcoin but yes, this won't make someone's life change if they don't invest. Investing in Bitcoin is just for those who have faith, have money, and are risk-takers. Bitcoin is not the solution to poverty but can be a great tool to improve our living. Solving poverty issues should come from Government projects, not Bitcoin. But also, if we want to uplift our living, we have not relied on the government but rather find ways.

Yes, we need proper education as it is a medium to increase our chances of getting a job and working permanently. Too hard to stop poverty when our country leaders have done nothing to the community.

[Bright Venus]

impossible. Even where they live as socialists.

[bitvalak]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Almost all countries are controlled by the interests of policy makers, we don't expect anything more from them.
The simple thing we can do is provide education to our closest family & friends. Let the knowledge you share spread like word of mouth.
People from lower to upper middle class economies are aware of themselves and want to learn about cryptocurrency.
But unfortunately there is always a big wall blocking their interests. Often these big walls are created by the government itself.

[Fara Chan]

Almost all countries are controlled by the interests of policy makers, we don't expect anything more from them.
The simple thing we can do is provide education to our closest family & friends. Let the knowledge you share spread like word of mouth.
People from lower to upper middle class economies are aware of themselves and want to learn about cryptocurrency.
But unfortunately there is always a big wall blocking their interests. Often these big walls are created by the government itself.

When there are still barriers to learning something that is considered important by society, such as the parable of the wall that you said. So everyone must also be able to find ways and solutions so that they can continue to learn more things in order to obtain a fairly independent economic income in their own lives. Because when every policy is controlled through the interests of a group of people, of course it will always be difficult for society to experience progress and prosperity through itself.

[lizarder]

It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

It's still too far to say this in general because involvement in bitcoin is more individual and the issue of poverty alleviation cannot be seen from one aspect, even though bitcoin provides a way for anyone to reach the stage of financial freedom. Talking about poverty cannot be separated from the poor circulation of money which is caused by a lack of stability and may also be influenced by the absence of jobs for the community. Bitcoin can help poverty indirectly when people have the ability to invest. But it also becomes a disaster when people get involved in investing or trading if they don't have the right knowledge.

From this study, try to imagine whether people who don't have money can get involved in investing. Then try to examine through several surveys what poor people think? talk about fulfilling their needs or have they ever thought about prioritizing investment first?

[Dump3er]

It is never possible to eliminate the poverty of a country through Bitcoin but Bitcoin can bring some economic transparency to a country but it is not possible for Bitcoin to bring economic transparency by crossing the poverty line of that country. But if one thing is implemented, the population of that country can be turned into a public resource through Bitcoin. When the majority of people in a country acquire minimal knowledge of Bitcoin, the people of that country can use Bitcoin to bring economic transparency and help alleviate poverty.

It's still too far to say this in general because involvement in bitcoin is more individual and the issue of poverty alleviation cannot be seen from one aspect, even though bitcoin provides a way for anyone to reach the stage of financial freedom. Talking about poverty cannot be separated from the poor circulation of money which is caused by a lack of stability and may also be influenced by the absence of jobs for the community. Bitcoin can help poverty indirectly when people have the ability to invest. But it also becomes a disaster when people get involved in investing or trading if they don't have the right knowledge.

From this study, try to imagine whether people who don't have money can get involved in investing. Then try to examine through several surveys what poor people think? talk about fulfilling their needs or have they ever thought about prioritizing investment first?

Eliminating poverty in its entirety won't be possible, but since the current system is built such that those with money and power can extract wealth from the poor, BTC can offer the poor an alternative to save their wealth in a place that makes extraction harder, though not impossible through secondary ways. If a poorer person is saving in BTC and needs to use it at some point to make an investment (perhaps pursuing a business idea), those BTC will someone be reinjected into the bad system. But it does give people an option to protect their wealth from being taken away in some of the ways the current system is destined to allow for. Talking about one architecture based on algorithms as the ultimate savior goes too far. But considering BTC as one factor of many to fight poverty is certainly a comprehensible consideration.

[AprilioMP]

Re: Can Bitcoin create an opportunity to reduce poverty?

Bitcoin is not a tool to alleviate poverty.
Bitcoin is a new type of currency or is referred to as a peer-to-peer electronic cash system as I know in the Bitcoin white paper which has 12 parts which are explained in detail in each part.

Of course Bitcoin plays a great role in poverty alleviation. There are many members in this forum and most of the members who have rank are working on various signature campaigns of this forum. Different members get good amount of money at the end of the week according to ID rank and pay rate of different signature campaigns. Those who once had a hard time managing their families are doing well thanks to this forum and Bitcoin is definitely one of the virtues of poverty alleviation. Many people have been able to transform their financial situation by investing in Bitcoin. Many unemployed kids have chosen bitcoin forums as their employment. Apart from doing various jobs on bitcoin forum they are regularly investing and trading which is clearing their financial problems and leading them to live a good life.

It's not Bitcoin that can alleviate poverty, but the bitcointalk.org forum might be able to help someone financially than you intended.
In this forum, I myself felt how I was helped because of the signature campaign. The most real impact I felt because of this forum, I no longer depend on my parents for financial matters because at the exchange rate with my local currency, the pay is enough for me to live my daily life.

This forum is not a job in my opinion. If I'm wrong, correct me.
Why not a job, because many high-ranking members do not participate in signature campaigns but every day they make quality posts on every different discussion topic.
They don't focus on signature campaigns. For them, Bitcoin paid campaigns may or may not exist.

[SOKO-DEKE]

I don't really think that Bitcoin and cryptocurrency in general can reduce poverty in the world or in any country unless we have a good economy. In fact, Bitcoin was not created to eradicate poverty in the world or in any nation; it was created as an alternative to fiat currency in others. We can use it to secure funds so that we can be fully in control of our funds. And one thing I know about Bitcoin again is that it can be a great help to us against inflation because fiat currency losses value in the short term, and when you invest in Bitcoin for a long period of time, it is very possible that money will keep growing when the price of Bitcoin is increasing, but I will advise you not to invest the money you want us between short-term bitcoin investments.

[pawel7777]

I don't really think that Bitcoin and cryptocurrency in general can reduce poverty in the world or in any country unless we have a good economy. In fact, Bitcoin was not created to eradicate poverty in the world or in any nation; it was created as an alternative to fiat currency in others. We can use it to secure funds so that we can be fully in control of our funds. And one thing I know about Bitcoin again is that it can be a great help to us against inflation because fiat currency losses value in the short term, and when you invest in Bitcoin for a long period of time, it is very possible that money will keep growing when the price of Bitcoin is increasing, but I will advise you not to invest the money you want us between short-term bitcoin investments.

Sure, Bitcoin is not some magic pill that would solve all the economic problems only if people start using it - it could actually be the opposite: too many people using it = even more congested blockchain making it unusable. But the protection against inflation aspect is not something to be taken lightly. I don't think people truly realise how destructive high inflation is to the common people. It can wipe out the value of lifetime savings in a very short time. It's like a tax being charged over and over again on the same amount with no limits. So having a censorship-free tool that allows preservation of wealth (or even increases it if the market moves in the right direction) could at least prevent poor people from getting even poorer.

[Vaculin]

This is not just an overstatement but it's certainly true based on my personal experience. I have been with bitcoin for quite a long time and it really brought significant changes in my life. But of course, it doesn't happen instantly, but you need to work for it. Bitcoin definitely create opportunities to reduce poverty, and those who know and understand bitcoin well will gain the advantage but for those who sees and use bitcoin in a wrong way, it will lead them to live a poorer life.

Bitcoin creates opportunities but everything depends on how we established our mindset about bitcoin. The reason why we have to gain prior knowledge about bitcoin so we can deal with it positively.

[Asuspawer09]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

I dont see Bitcoin as something that is going to solve poverty or reduce poverty at some point, I mean Bitcoin is a digital currency it's a great tool for sure but it wasn't created to solve this kind of problem.

Probably this is up to the government how are they going to solve or this kind of problem also it is a problem around the world and we dont really have a way to completely solve it because the government is just the ones that is doing things that causes poverty.

The way I see how it is going to help reduce poverty is through knowledge and education, with this we could help reduce poverty, if we have Bitcoin knowledge and give education to others we could probably help them to have a positive mindset that we already have as an investor, I mean personally when I learn about Bitcoin my mindset was really change about money and investing, I think it is one problem of the people having the wrong mindset being control by the government being an employee forever or just not having the knowledge on financial and investing.

[bayu7adi]

We can view BTC differently for each individual. Yeah, because up until now, I've seen many people using BTC as a speculative asset, while others use it for transactions. Some even unknowingly use it for investment and savings. If we maximize BTC as a speculative asset and investment, it definitely brings profits, but I don't think it's a great fit for adoption by the poor. I don't want to see them risking their limited wealth on Bitcoin, which is highly risky for short term speculation.

On the other hand, if the poor invest, it's just a waste of time. Small investments will yield small returns, even over a significant period.

In my opinion, the poor need better skills to support their careers and business growth. Yes, it depends on the level of poverty, so the required skills vary. Bitcoin, however, can't foster the proper skills to impact the career or business world.

The use of bitcoin for the poor is more appropriate for later stages. There should be basic stages mastered by the poor for development, and once their foundational skills are strong, Bitcoin can be an advanced option.

So, in my opinion, Bitcoin can help reduce poverty, but it doesn't happen directly or instantly.

[Ayers]

On the other hand, if the poor invest, it's just a waste of time. Small investments will yield small returns, even over a significant period.

I completely disagree with your statement. I agree that poor people will have a lot of difficulty investing in bitcoin but that doesn't mean they shouldn't invest in bitcoin. On the contrary, I even consider bitcoin or cryptocurrency as the biggest opportunity for the poor because besides bitcoin, other investments such as gold or real estate cannot bring them many opportunities, or they do not have enough of the ability to invest in them. But with bitcoin, they can start with whatever capital they have. With a modest amount of capital, poor people will receive very little profit from bitcoin, but if they accumulate bitcoin for a long time, I don't think it will be a small amount.

But I agree with you, poor people should improve their knowledge and skills to get better jobs with higher income, and should not rely only on bitcoin and consider it the only way to get rich.

[1miau]

On the question if bitcoin can reduce poverty. It is no longer a new thing. Bitcoin has done it and will continue to do it. But then, bitcoin is not a get rich quick scheme. For you to benefit from bitcoin, you will have to do any of the following;
...

This is a very good reply. Bitcoin is often praised by maximalists to be a solution for everything - but Bitcoin is not a solution for everything.
Your post is a good start to see that Bitcoin's opportunity to reduce poverty is real - but also limited in reality. Other factors are much more important, like outlined in your post.
In addition, relying only on Bitcoin to reduce poverty can backfire:

Some people even might end up with a loss from Bitcoin for whatever reason, because at some point, Bitcoin might not have anymore these big cycles and losses can become much more frequent. For previous cycles, HODLing 4 years was enough to get into the profit zone, even when buying Bitcoin very overpriced (like December 2017).
This might change in the future as Bitcoin's cycles tend to have a lower all time high but during bear markets, prices can drop 80% or more. Bitcoin is gaining less % every year on average.
Bitcoin's Halving (and therefore the 4 year cycle) will lose importance over time as miner rewards are not a big deal very soon in the future and constant tx fees will create miner rewards.

If our hopes in Bitcoin are too high and we forget to improve anything else, we might end up very disappointed.

In a nutshell, bitcoin cannot turn a poor country to a rich one. It is the government that will create jobs and not bitcoin.

+1

[Uhwuchukwu53]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

First, this post is more about the agony of your country men and the bad government. I think it is best fit in the Nigerian local board, who knows if the president of Nigeria will decide to join bitcointalk and may one day stumble on this post. This could be by 2035 and they will provide free bus.
On the question if bitcoin can reduce poverty. It is no longer a new thing. Bitcoin has done it and will continue to do it. But then, bitcoin is not a get rich quick scheme. For you to benefit from bitcoin, you will have to do any of the following;

• Have a job and then be investing in bitcoin
• Own a business and DCA with your profits
• Have a skill, offer services and ask people to pay you with bitcoin
• Become a minner
• Maybe the easiest, is to develop a good writing skill, grow your account here and join a signature campaign

In a nutshell, bitcoin cannot turn a poor country to a rich one. It is the government that will create jobs and not bitcoin.

Senior your very correct I think you nailed it all your idea and point of identification Maline with the issue on ground area of Bitcoin changing people story many have testify and many eye have seen what Bitcoin is doing grate in the life of so many poverty can't be eradicated completely but I want to tell from experience Bitcoin has reduced the level of poverty and unemployment in some aspects mostly in youths all over the world that engage on the market and selling process of Bitcoin  no body go into business without profit for people to engage on this Bitcoin really show is capable to reduce poverty and change the situation of hardship into good success  all you need if engage is to use the opportunity very well apply wisdom it will change your level because many refuse to change no matter the level of change that take place around them for me evidence show that Bitcoin is capable to do.

[Inwestour]

Sure, Bitcoin is not some magic pill that would solve all the economic problems only if people start using it - it could actually be the opposite: too many people using it = even more congested blockchain making it unusable. But the protection against inflation aspect is not something to be taken lightly. I don't think people truly realise how destructive high inflation is to the common people. It can wipe out the value of lifetime savings in a very short time. It's like a tax being charged over and over again on the same amount with no limits. So having a censorship-free tool that allows preservation of wealth (or even increases it if the market moves in the right direction) could at least prevent poor people from getting even poorer.

People are very aware of the effects of inflation on their savings, and the poor are also very aware of how inflation can worsen their standard of living. It may not be necessary for everyone to use Bitcoin, and only those who can understand its advantages and take advantage of it will buy Bitcoin. I am convinced that the more expensive Bitcoin becomes, the fewer people will try to buy it, despite the fact that it can be bought in small parts.

[Promocodeudo]

My answer is yes and I have a reason for this answer, there are many people who are here that is from countries with a high level of poverty ( please no one should take it personal is just an analysis) most of these people have in one way or the other come across a job that they are been paid in Bitcoin and mind you their exchange rate can never be compared to the price of bitcoin, so there are people that are into exchange of Bitcoin, if not for the existence of bitcoin they wouldn't have gotten the popularity the have today, if I start recounting, bitcoin has done more good in terms of reduction of poverty than bad, despite that, it is not everyone that's aware of bitcoin, the people that has this information has benefit a lot.

[GeorgeJohn]

Bitcoin is not an office job or government empowerment to reduce poverty, and it's obvious that bitcoin is something that have to do with already made money and I believe that without you having your money to invest in bitcoin you can not make profit, and also two things is involved in bitcoin, and one thing that is more important is ability to study when the bearish season and bullish season will occur in bitcoin investment, so therefore I believe that bitcoin can only make you to escape poverty when the luck of bitcoin investment is on your side.

[DYING_S0UL]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

[flyingcarpet]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

It may have been the case that Bitcoin was recognized by poor people and that these people were able to get out of poverty by investing in Bitcoin. From this perspective, Bitcoin is an opportunity for many people. But this is only true for those who heard about Bitcoin at the time and invested in it.

Of course, Bitcoin always offers opportunities for investment, but there are poor people who cannot afford to invest even if they know about Bitcoin. They don't have the option to change their situation by investing.

If you invest in Bitcoin at the right time, you can get out of poverty. Other than investing, it is not easy for Bitcoin to alleviate poverty because it is not easy for Bitcoin to reach all of humanity and it is not easy for awareness about Bitcoin to reach everyone.

[stadus]

Bitcoin is a life changer and only those who have been successful with bitcoin can only attest to that. So I really believe that bitcoin can offer opportunities that will reduce our poverty, that is if you are knowledgeable enough to use bitcoin in the proper way. Because if we blindly use bitcoin and see it as a get rich quick, that will never give us profitable results but will only lead us into series of losses.

However, if you have the risk management with bitcoin, and you're more persistent and patient yo achieve your bitcoin goal, then it will be easier for you to reduce poverty and create positive changes in your life later on.

[Finestream]

Yes, Bitcoin is capable to do that but it will surely take a lot of time before you will see bitcoin is starting to make it happen. But lets make it clear that bitcoin providing an opportunity to reduce poverty is different from bitcoin considered as a get rich quick. It provides ways and opportunities but the chance to make it happen relies on you completely, and not on the high potentials of bitcoin.

If you have the knowledge and skills that you can make use in bitcoin, then there will be a bigger chance for you to finally reduce your poverty and live a more convenient and comfortable life.

[pawel7777]

So I really believe that bitcoin can offer opportunities that will reduce our poverty, that is if you are knowledgeable enough to use bitcoin in the proper way.

What kind of opportunities are you talking about exactly? And what is the proper way of using Bitcoin?
Note that OP is talking about reducing poverty on a macro level, not about individuals getting rich from trading Bitcoin.

The sad truth is that Bitcoin currently is not fit to be used for anything other than trading/speculation (and maybe for transfers of large amounts of wealth).

[BitcoinsGreat]

Bitcoin is not an office job or government empowerment to reduce poverty, and it's obvious that bitcoin is something that have to do with already made money and I believe that without you having your money to invest in bitcoin you can not make profit, and also two things is involved in bitcoin, and one thing that is more important is ability to study when the bearish season and bullish season will occur in bitcoin investment, so therefore I believe that bitcoin can only make you to escape poverty when the luck of bitcoin investment is on your side.

The only thing with bitcoin is that if you invest your savings in bitcoin, then the rate of investment in bitcoin will be high and one can gain significant return on this investment if he or she is willing to hold it for many years.
Other than this , bitcoin won't help to reduce the poverty of a common man. You need to have a job or business that generates income that you can invest in bitcoin.

[pinggoki]

It's hard to tell because in a scenario where bitcoin will solve poverty, it's just one of the many factors to the reduction but not eradication and it's not even the best factor to reduce because they're better off having bitcoin as a long-term investment but the impoverished people can't afford to do that because they're thinking on a more day to day basis in terms of expenses. If these people would be able to hodl bitcoin for a really long time though, they're definitely going to be able to have a big help to get out of poverty.

[Sanitough]

Bitcoin does not make you rich but it helps you boost your opportunities to become rich in the future. For those who have been investing in bitcoin in the early years, I guess at the present they are already enjoying their success and the benefits that they have gained from bitcoin. So it's very clear that bitcoin offers opportunities to get rid off from poverty, but it won't happen for a quick but know that the process will be tough and would take quite long for before you can see positive results.

Patience is the key. If you don't have it, you will never have the right timing to be in profits with bitcoin.

[Ojima-ojo]

Op speak as if bitcoin education hasnt always been free, and accessible to any and everyone that is interested in it.
For we that are adults, it is rightly our responsibility to search out for opportunities, and when we find one that is very interesting like investing and trading bitcoin and other cryptocurrencies, then we introduce it to our children after we ourselves have tested it and are sure that it's a very genuine opportunity.

And for the records, bitcoin and cryptocurrencies in general won't really eradicate poverty from the world even if every one was into it, like I've read one member of this forum say one time, that we can never ever get to a stage where every single person in this world would be rich/wealthy, there will always be poor people around the world regardless of how much influence bitcoin and cryptocurrencies have in the world, it's important we all know this.

[boty]

Bitcoin does not make you rich but it helps you boost your opportunities to become rich in the future. For those who have been investing in bitcoin in the early years, I guess at the present they are already enjoying their success and the benefits that they have gained from bitcoin. So it's very clear that bitcoin offers opportunities to get rid off from poverty, but it won't happen for a quick but know that the process will be tough and would take quite long for before you can see positive results.

Patience is the key. If you don't have it, you will never have the right timing to be in profits with bitcoin.

Indeed, everyone has the opportunity to become rich through investing in Bitcoin or trading and this depends on the person who is willing to learn it and start to make themselves successful with the investments they make.
Yes, for some people who have started early, of course they have been able to feel the benefits of their investment and enjoy the benefits, of course it takes more than just a few weeks to be able to get a profit from the investment they made and they have to remain patient with the investment targets they have set.

[Questat]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

I don't think so because poor people won't see it as an opportunity but only those who have money know it. Those people who live in the poverty line never think about investing, never think about spending for their future but what is their desire now is to feed themselves every day, that seems enough for them - they keep working throughout the day, the same thing they do the next days.

Investing in Bitcoin is not really the solution to that problem but of course, can change one's life if they will try and manage it well.

[demonica]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

It may have been possible for some people but definitely won't have the same results for everyone who will go into Bitcoin. Bitcoin can be a powerful tool for a person to have a better financial status, and it's also the same with other tools such as paper money, cc and etc. But it doesn't mean everyone can be lucky. So if one person was able to escape poverty thru Bitcoin, it doesn't mean everyone who'll get into Bitcoin will also have the same fate. So I don't think Bitcoin will have such great impact in reducing the poverty. There's such a big population of poverty all around the world, and probably only around 0.00001% of it can have the skills, knowledge, and opportunity to be successful financially with Bitcoin or crypto in general... Though I agree that having knowledge and background in Bitcoin gives you advantage to find more opportunities in becoming rich or achieving financial success.

[majeed]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

It may have been possible for some people but definitely won't have the same results for everyone who will go into Bitcoin. Bitcoin can be a powerful tool for a person to have a better financial status, and it's also the same with other tools such as paper money, cc and etc. But it doesn't mean everyone can be lucky. So if one person was able to escape poverty thru Bitcoin, it doesn't mean everyone who'll get into Bitcoin will also have the same fate. So I don't think Bitcoin will have such great impact in reducing the poverty. There's such a big population of poverty all around the world, and probably only around 0.00001% of it can have the skills, knowledge, and opportunity to be successful financially with Bitcoin or crypto in general... Though I agree that having knowledge and background in Bitcoin gives you advantage to find more opportunities in becoming rich or achieving financial success.

Bitcoin isn't a cure-all for poverty, but ignoring its potential? It's short-sighted. Not everyone will succeed with Bitcoin, but that's true with every financial tool, right? Opportunity is crucial. Bitcoin opens doors but doesn't ensure entry. That's fine! Let's talk numbers. I understand poverty is serious. So only 0.00001% may succeed? Bitcoin's power is underestimated. It goes beyond 'being lucky.' It's about global financial access, especially for the excluded. Despite its smallness, it advances financial inclusion. And every step counts.
Knowledge is power. Understanding Bitcoin is about joining a financial revolution, not just getting rich. The way you use it determines its usefulness. Let's not underestimate its potential. It's not perfect, but it's a decent start.

[lizarder]

Eliminating poverty in its entirety won't be possible, but since the current system is built such that those with money and power can extract wealth from the poor, BTC can offer the poor an alternative to save their wealth in a place that makes extraction harder, though not impossible through secondary ways. If a poorer person is saving in BTC and needs to use it at some point to make an investment (perhaps pursuing a business idea), those BTC will someone be reinjected into the bad system. But it does give people an option to protect their wealth from being taken away in some of the ways the current system is destined to allow for. Talking about one architecture based on algorithms as the ultimate savior goes too far. But considering BTC as one factor of many to fight poverty is certainly a comprehensible consideration

It doesn't sound as easy as imagined and I have seen how poverty makes people increasingly lazy to seek knowledge and they even lose their enthusiasm for making savings in any form. If you see poor people who have bitcoin and they can buy gold for example, then I can say they are not really poor people, but rather they are people who have the opportunity to get out of the poverty line in their own style and way. It's very different from real poor people and they can't even afford their children's education, so how can we talk about technological advances or the investment system that exists in bitcoin.

I believe that bitcoin is a good step to reach the stage of financial freedom but to what extent are poor people able to realistically see this opportunity to get involved in investing. When people have difficulty meeting their daily food needs then that person has no chance of being seen in bitcoin or in any investment in my opinion.

[bitterguy28]

Bitcoin does not make you rich but it helps you boost your opportunities to become rich in the future. For those who have been investing in bitcoin in the early years, I guess at the present they are already enjoying their success and the benefits that they have gained from bitcoin. So it's very clear that bitcoin offers opportunities to get rid off from poverty, but it won't happen for a quick but know that the process will be tough and would take quite long for before you can see positive results.

Patience is the key. If you don't have it, you will never have the right timing to be in profits with bitcoin.

Indeed, everyone has the opportunity to become rich through investing in Bitcoin or trading and this depends on the person who is willing to learn it and start to make themselves successful with the investments they make.
Yes, for some people who have started early, of course they have been able to feel the benefits of their investment and enjoy the benefits, of course it takes more than just a few weeks to be able to get a profit from the investment they made and they have to remain patient with the investment targets they have set.

as long as you are ready to what you are investing , and you are willing to risk then there will never be a problem here.

I think it is possible to create opportunities for poverty reduce through Bitcoin. Where banking services have not fully penetrated, this can be done through skilled people, facing challenges such as Bitcoin technical hurdles and price volatility. However, not all countries allow the use of cryptocurrency. Moreover, only few people are know about bitcoin.

The volatility Hinders all this to take place because because the price changing makes it hard to bring possible profit but have a good opportunity once the bull happens so maybe it is not about the Poverty reducing but helping people to make their choice better than what they are having now.
and also Banking has nothing to do with this , instead government opening opportunity of they will adopt and allow this to be used by everyone.

[Fara Chan]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

What needs to be changed, mate? If in your place not many people know about crypto and Bitcoin, you should be a pioneer there to teach those who want to learn about Bitcoin and how to use it so that the poor people there can be helped a little by what you teach them. However, you also have to make sure first that they really intend to learn about Bitcoin without any coercion, because this is for themselves and their future. So you must be able to make a separation between those who intend to learn from those who have no intention of learning because they don't like Bitcoin itself.

[gunhell16]

Bitcoin is a life changer and only those who have been successful with bitcoin can only attest to that. So I really believe that bitcoin can offer opportunities that will reduce our poverty, that is if you are knowledgeable enough to use bitcoin in the proper way. Because if we blindly use bitcoin and see it as a get rich quick, that will never give us profitable results but will only lead us into series of losses.

However, if you have the risk management with bitcoin, and you're more persistent and patient yo achieve your bitcoin goal, then it will be easier for you to reduce poverty and create positive changes in your life later on.

Yes, that's true; in fact, I have been one of those who have been helped by Bitcoin to experience a solution to a financial problem. Not just an opportunity but also one of my passive incomes in the few years I've been here in the field of crypto space.

I was able to do it because of the passion I had, and it can be said that I started here from zero to knowledge, from nothing to something, and now I have invested in an investment like real estate that I bought through cryptocurrency earnings.

[thiagothx1370]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

The only way of reducing poverty is the free market and voluntaries trades. The main cause of poverty is the existence of government who drains all productivity which was created in society. We have to wipe out all forms of government and abolish the idea of coletivism.

[rodskee]

It's hard to tell because in a scenario where bitcoin will solve poverty,

Do OP mentioned Bitcoin resolving Poverty ? instead reducing is what OP asked so that is
different thing mate so it is not that hard to tell but there are some grounds we need to deliver and solve first.

it's just one of the many factors to the reduction but not eradication and it's not even the best factor to reduce because they're better off having bitcoin as a long-term investment

the question is in general and no time line meaning it can be answered as Holding bitcoin
and that factor is also in the table so indeed that we can assess long term for this.

but the impoverished people can't afford to do that because they're thinking on a more day to day basis in terms of expenses. If these people would be able to hodl bitcoin for a really long time though, they're definitely going to be able to have a big help to get out of poverty.

Exactly mate , poor cannot even manage to buy food so how come they can invest in bitcoin.

[Y3shot]

One of the first way to reduce poverty is to create a job for yourself or to engage yourself into something that will generate money for you. Bitcoin doesn't make people to be rich or give people money without investing in it. You need to get money of your own , then Bitcoin will assist to increase your money if it is invested as a longterm investment. If you depend on Bitcoin without having any financial income for yourself you may not get what you want from bitcoin. Generate income , then you invest in bitcoin then you will gain more money from bitcoin,  only if you can be able to hodl.

[yazher]

Yes, that's true; in fact, I have been one of those who have been helped by Bitcoin to experience a solution to a financial problem. Not just an opportunity but also one of my passive incomes in the few years I've been here in the field of crypto space.

I was able to do it because of the passion I had, and it can be said that I started here from zero to knowledge, from nothing to something, and now I have invested in an investment like real estate that I bought through cryptocurrency earnings.

Some people actually came to the right time when it comes to buying some bitcoins and they didn't doubt their decision in the past that's why the result was perfect for them. Others were not convinced by the idea behind it in the past so they were left behind and only wanted to invest after the price was significantly increased. As for me, I for more decent money in the past compared to these days because there were few competitors back then but today those who are willing to take big risks in daily trading can get huge income because of their trading skills and luck.

[fuguebtc]

One of the first way to reduce poverty is to create a job for yourself or to engage yourself into something that will generate money for you. Bitcoin doesn't make people to be rich or give people money without investing in it. You need to get money of your own , then Bitcoin will assist to increase your money if it is invested as a longterm investment. If you depend on Bitcoin without having any financial income for yourself you may not get what you want from bitcoin. Generate income , then you invest in bitcoin then you will gain more money from bitcoin,  only if you can be able to hodl.

To put it frankly, bitcoin is an investment and we need money to invest, and whether it is profitable or not depends on each person's ability . Bitcoin is not a company or organization that creates jobs for us or prints money to give to us for free . We need to have the right view about bitcoin, don't be too delusional and dream that bitcoin is a god that will help us escape poverty or become rich without even trying .
Bitcoin is just money and to have money we need to work, it is not a panacea that can help eliminate hunger and reduce poverty, bring peace to the world ...

[legendbtc]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

What needs to be changed, mate? If in your place not many people know about crypto and Bitcoin, you should be a pioneer there to teach those who want to learn about Bitcoin and how to use it so that the poor people there can be helped a little by what you teach them. However, you also have to make sure first that they really intend to learn about Bitcoin without any coercion, because this is for themselves and their future. So you must be able to make a separation between those who intend to learn from those who have no intention of learning because they don't like Bitcoin itself.

It's easy to say, but it's not easy to do. You need to remember that bitcoin is an investment, which means investing in it can bring profits but can also cause losses. There is no guarantee that just investing in bitcoin will definitely make you rich. So, being a pioneer in teaching people about bitcoin is no small responsibility, and doing so is no easy feat. When we talk about opportunities, it means there will be potential risks involved, so you need to choose the right people with needs if you don't want to be the one blamed later.

[Briankimp1]

Personally to me I believe the answer to your question is a yes but due to the circumstances we find ourselves how does a poor man acquire Bitcoin at its current price for me I think alt coins can be the saving grace for so many crypto investors especially those who are struggling financially, It’s said that every legitimate digital currency has the potential to move just as Bitcoin has done with that in mind and the current price of some alt coins one should be able to see an opportunity there depending on what sort of investment strategy you are applying.

[Rufsilf]

It certainly can and it certainly did. It surely does help in reducing poverty. Bitcoin itself doesn't have the power to reduce poverty but if one knew how to utilize bitcoin, then it could be used to reduce poverty. That's why bitcoin education overall crypto education is needed to be spread to everyone. From where I live there aren't many who knows of crypto or bitcoin. Only a few knows of it are using it. So first we have to change this.

What needs to be changed, mate? If in your place not many people know about crypto and Bitcoin, you should be a pioneer there to teach those who want to learn about Bitcoin and how to use it so that the poor people there can be helped a little by what you teach them. However, you also have to make sure first that they really intend to learn about Bitcoin without any coercion, because this is for themselves and their future. So you must be able to make a separation between those who intend to learn from those who have no intention of learning because they don't like Bitcoin itself.

It's easy to say, but it's not easy to do. You need to remember that bitcoin is an investment, which means investing in it can bring profits but can also cause losses. There is no guarantee that just investing in bitcoin will definitely make you rich. So, being a pioneer in teaching people about bitcoin is no small responsibility, and doing so is no easy feat. When we talk about opportunities, it means there will be potential risks involved, so you need to choose the right people with needs if you don't want to be the one blamed later.

Yes, given that bitcoin is quite volatile and that there is a risk to those who are unfamiliar of it, those who are just getting started, and especially those who have little money. People who use bitcoin as a store of value could suffer large financial losses as a result of abrupt price volatility.
 
One issue is that not everyone has access to the internet or technology, which are necessary for using bitcoin. As a result, it would be extremely difficult for them to teach individuals who are just getting started. Due to the digital gap, many people may not be able to participate in the bitcoin economy, especially those who live in underdeveloped countries. Additionally, those with low financial literacy run the risk of being victims of dishonest people, which makes their economic challenges worse.

[BITCOIN4X]

~Snip

Some people actually came to the right time when it comes to buying some bitcoins and they didn't doubt their decision in the past that's why the result was perfect for them. Others were not convinced by the idea behind it in the past so they were left behind and only wanted to invest after the price was significantly increased. As for me, I for more decent money in the past compared to these days because there were few competitors back then but today those who are willing to take big risks in daily trading can get huge income because of their trading skills and luck.

If everyone knew the huge potential of bitcoin in its early years, then they probably would not have excluded bitcoin from their investment portfolios. Even all users who had hundreds to thousands of bitcoins in the early years also regretted their decision to sell all their bitcoins in the past and that was all unexpected.

Bitcoin is really worth so much now that it would have been unthinkable for anyone in the past. Early bitcoin investors really regret that and I've heard their stories in various places. Nobody can go back to the past, but bitcoin can certainly still provide huge returns in the long term even though its price is currently hovering around $41k.

[leonair]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin can definitely reduce poverty. There is a lot of unemployment in my country and I have seen with my own eyes many unemployed youths who trade bitcoins and earn cryptocurrency through bounties, signature campaigns and other means to support themselves and support their families. And these are possible only because of the advent of Bitcoin.  So I think that Bitcoin is definitely already playing a role in reducing poverty

[Wakate]

Personally to me I believe the answer to your question is a yes but due to the circumstances we find ourselves how does a poor man acquire Bitcoin at its current price for me I think alt coins can be the saving grace for so many crypto investors especially those who are struggling financially, It’s said that every legitimate digital currency has the potential to move just as Bitcoin has done with that in mind and the current price of some alt coins one should be able to see an opportunity there depending on what sort of investment strategy you are applying.

It is very difficult to answer because Bitcoin is all about making investments and if a person do not have the fund to invest, how could they benefits from Bitcoin. I think Bitcoin is not for everyone because it requires investment from us to be an investor. There are even some investors that have incurred so much loses from the market presently because they bought at a very high price and after then the .markets falls. They'll going to wait for the price of Bitcoin to go bullish before they would have to be in profits and if they are not ready to wait, they might be forced to sell their holdings which is going to incur loses.

[Shamm]

Personally to me I believe the answer to your question is a yes but due to the circumstances we find ourselves how does a poor man acquire Bitcoin at its current price for me I think alt coins can be the saving grace for so many crypto investors especially those who are struggling financially, It’s said that every legitimate digital currency has the potential to move just as Bitcoin has done with that in mind and the current price of some alt coins one should be able to see an opportunity there depending on what sort of investment strategy you are applying.

It is very difficult to answer because Bitcoin is all about making investments and if a person do not have the fund to invest, how could they benefits from Bitcoin. I think Bitcoin is not for everyone because it requires investment from us to be an investor. There are even some investors that have incurred so much loses from the market presently because they bought at a very high price and after then the .markets falls. They'll going to wait for the price of Bitcoin to go bullish before they would have to be in profits and if they are not ready to wait, they might be forced to sell their holdings which is going to incur loses.

Actually it depends on the status of the person cause as we saw many people around the globe which is poor And they can't provide Their needs even their meal. So  if Bitcoin will get inside the country and known then not all people can afford to buy some Bitcoin and then hold it until the price will go up. Like what you said above mate there are many investors who are greedy or let say they don't have patience cause they buy bitcoins when the price is in top and then after a few months it's ho down and down then those investors how are greedy they sell Their Bitcoin even though they don't have profits. Which pretty bad idea.

[uneng]

Bitcoin can't create anything, since it's just an inanimate currency without free will, conscience, desires, needs and everything else a human being has... But through Bitcoin people can proportionate new opportunities to reduce poverty in the world, as it's a decentralized currency which can be easily adopted by anyone, since they have an internet connection and proper device. To be able to work online to someone on the another side of the world and be paid in BTC is a great opportunity for everyone to raise their incomes and thrive financially.

However, opportunities are still scarce and most people can't take advantage of Bitcoin, since they don't have money to invest, and not being able to find jobs offers on the internet. The virtual labor supply is just too high for the current demand from the market. It ends that only few lucky individuals manage to earn money online, while the vast majority still perishes, despite the disgusting and delusional propagandas made by coaches and social influencers telling it's easy to make online income and everyone can work online.

I was watching a documentary yesterday displaying Mumbai's slums, where poor workers were making 6$ daily income through plastic recycling. How could those people invest in BTC with such low amounts of money? Probably they don't even have money for all their basic needs at first place. So, Bitcoin is definitely not reaching those people. It's not helping them to leave poverty, because they can't adopt Bitcoin, neither have means to work online to earn it as extra income.

I believe Bitcoin hasn't been helping people to get rid of poverty, rather it's helping middle class citizens to raise their life standards, while some of them have been able to become rich through investing in Bitcoin during the early years.

[Crypto Library]

Bitcoin can definitely reduce poverty. There is a lot of unemployment in my country and I have seen with my own eyes many unemployed youths who trade bitcoins and earn cryptocurrency through bounties, signature campaigns and other means to support themselves and support their families. And these are possible only because of the advent of Bitcoin.  So I think that Bitcoin is definitely already playing a role in reducing poverty

Buddy in this point I will these agree with you because Bitcoin can't create any think it is just a currency I mean cryptocurrency. People have to make their own opportunities if you talk about Bitcoin then for investing in Bitcoin at first you have to have enough money for that.
And the unemployed people you mentioned who are making money from bounties and signatures are not actually helped by Bitcoin, they may just be getting their work paid in Bitcoin. So what I think bitcoin has nothing to do with poverty alleviation, bitcoin has to do with protecting privacy and enabling a decentralized economic system.

[letteredhub]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

The underlying fact is that we will always have the poor amongst us and there's no way poverty can be totally eradicated it can only be cushioned, even the government they can only try doing their best in rendering and providing social welfare services and employments but yet it still won't eradicate but rather cushion the effect of poverty, and this is something that bitcoin can't do either, bitcoin can only add to the cushioning of the effect of poverty on people (those that have adopted) .  If you're in a country where your local currency is gravely hit by inflation it is wise you start saving your money in foreign currency like the US dollar or importantly in bitcoin but also consider it's volatility into mind.

[Mame89]

One of the first way to reduce poverty is to create a job for yourself or to engage yourself into something that will generate money for you. Bitcoin doesn't make people to be rich or give people money without investing in it. You need to get money of your own , then Bitcoin will assist to increase your money if it is invested as a longterm investment. If you depend on Bitcoin without having any financial income for yourself you may not get what you want from bitcoin. Generate income , then you invest in bitcoin then you will gain more money from bitcoin,  only if you can be able to hodl.

To put it frankly, bitcoin is an investment and we need money to invest, and whether it is profitable or not depends on each person's ability . Bitcoin is not a company or organization that creates jobs for us or prints money to give to us for free . We need to have the right view about bitcoin, don't be too delusional and dream that bitcoin is a god that will help us escape poverty or become rich without even trying .
Bitcoin is just money and to have money we need to work, it is not a panacea that can help eliminate hunger and reduce poverty, bring peace to the world ...

Of course Bitcoin does not solve the problem of poverty in a country, let alone eliminate hunger. because bitcoin is a valuable asset and to get it requires money.

But indeed, if someone has money and does DCA on Bitcoin, this is one way to increase his finances in the future. The bottom line is that when it comes to crypto investing, your chances of gaining financial freedom in the future will likely change the fate of someone who was previously financially unstable to stable. Bitcoin can alleviate poverty for those who want to invest in Bitcoin.

[kentrolla]

Bitcoin can't create anything, since it's just an inanimate currency without free will, conscience, desires, needs and everything else a human being has... But through Bitcoin people can proportionate new opportunities to reduce poverty in the world, as it's a decentralized currency which can be easily adopted by anyone, since they have an internet connection and proper device. To be able to work online to someone on the another side of the world and be paid in BTC is a great opportunity for everyone to raise their incomes and thrive financially.

However, opportunities are still scarce and most people can't take advantage of Bitcoin, since they don't have money to invest, and not being able to find jobs offers on the internet. The virtual labor supply is just too high for the current demand from the market. It ends that only few lucky individuals manage to earn money online, while the vast majority still perishes, despite the disgusting and delusional propagandas made by coaches and social influencers telling it's easy to make online income and everyone can work online.

I was watching a documentary yesterday displaying Mumbai's slums, where poor workers were making 6$ daily income through plastic recycling. How could those people invest in BTC with such low amounts of money? Probably they don't even have money for all their basic needs at first place. So, Bitcoin is definitely not reaching those people. It's not helping them to leave poverty, because they can't adopt Bitcoin, neither have means to work online to earn it as extra income.

I believe Bitcoin hasn't been helping people to get rid of poverty, rather it's helping middle class citizens to raise their life standards, while some of them have been able to become rich through investing in Bitcoin during the early years.

Yes Bitcoin can increase one's standard of life by giving good returns on investment but the basic thing which a person needs to invest into Bitcoin would be money hence if a person is lesser wherein it would be for their food and expenditure then there is no way they can invest into Bitcoin and originally Bitcoin is no where related to making people rich as Bitcoin was created as decentralized P2P which ahs gradually being used more often as a investment medium.

[Antotena]

Some people actually came to the right time when it comes to buying some bitcoins and they didn't doubt their decision in the past that's why the result was perfect for them. Others were not convinced by the idea behind it in the past so they were left behind and only wanted to invest after the price was significantly increased. As for me, I for more decent money in the past compared to these days because there were few competitors back then but today those who are willing to take big risks in daily trading can get huge income because of their trading skills and luck.

Some of them had the opportunity back then but because of high financial responsibility they had back then, they sold their bitcoin for cheap price, anybody that you see today that is still holding bitcoin since 2011 to now have other means of income and bitcoin is their reserve or as back up plans. This is what the poor man can't do because any small price increased they see, they sell immediately when they are meant to be holding bitcoin for as long as the price keep increasing.

Each year they celebrate Bitcoin Pizza, I get cold because someone actually use 10 bitcoin to buy a pizza, that amount today in bitcoin price will buy them pizza everyday for the rest of their remaining years on this earth but the person has used it to enjoyed pizza in 2010.
Anybody that has missed those golden days of cheap price should do what they can do to get any amount they can afford to buy and not wait for cheap price again, those price may not come back again.

[Dave1]

Personally to me I believe the answer to your question is a yes but due to the circumstances we find ourselves how does a poor man acquire Bitcoin at its current price for me I think alt coins can be the saving grace for so many crypto investors especially those who are struggling financially, It’s said that every legitimate digital currency has the potential to move just as Bitcoin has done with that in mind and the current price of some alt coins one should be able to see an opportunity there depending on what sort of investment strategy you are applying.

It really depends on the individual though, I mean for us, who has money, definitely we can put some on Bitcoin and see if grows. But it's not that easy for everyone, and I will say that majority of us here could be lucky to found it, and then earn for whatever we can, (sig campaigns, bounties->convert it to BTC, and others). In countries though that there are poor infrastructure, or at least access to the Internet is not that good, then maybe they are aware of what BTC or crypto is. So BTC shouldn't be treated as like having a power to turn everything around like reducing poverty and other problems in our society. It might help, but totally we still need to work in order to have money to invest in BTC or any other asset for that matter.

[JayTrain]

I think teaching about cryptocurrencies, especially Bitcoin and altcoins, is a very interesting idea. Educating people, especially those in financial distress, can make them more knowledgeable about cryptocurrencies, which can improve their financial literacy. This, in turn, can help reduce poverty by providing people with new opportunities in the world of the digital economy.

[GiftedMAN]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Bitcoin can definitely reduce poverty. There is a lot of unemployment in my country and I have seen with my own eyes many unemployed youths who trade bitcoins and earn cryptocurrency through bounties, signature campaigns and other means to support themselves and support their families. And these are possible only because of the advent of Bitcoin.  So I think that Bitcoin is definitely already playing a role in reducing poverty

Bitcoin can do more than what you just said if the people who earn through bounties and signature campaigns save up money to own some Bitcoin, the total number of people who's into bounty hunting and signature campaign can't be compared to the number of persons who don't have access to smart phones and laptops which can be used do all the signature works and bounty hunting.

If people are not earning through the services they render on the forum and they don't hold Bitcoin which can elevate them when the price goes up I don't think it has solved unemployment problems because not everyone will benefit from it.

[Solokan]

looking at the current economy in this world, not all countries are developed and prosperous because of course there are always those where the country's economy is not good or the economy is declining and I think that in case the role of the government is very important to make the country developed and prosperous. indeed introducing bitcoin or altcoins is a good thing with the aim of making a country's economy progress, but of course if you are involved in crypto then knowledge must be prioritized and there must be education about bitcoin and altcoins which is provided by the government for free to the public because If you get involved in crypto without knowledge and knowledge it will definitely cause losses because investing in Bitcoin and altcoins is very risky.

In my opinion, investing in Bitcoin will have the potential to make the economy progress, but in my opinion investing in BTC would be better if it is just a side job. and it would be better to be involved in business in the real world, such as being a farmer and so on. because in my opinion we have to embrace both, namely investing in btc and business in the real world and that way the economy will have the potential to progress. So the point is that Eradicate poverty is not enough by investing in BTC alone but of course it must be supplemented with other things.

[Russlenat]

Bitcoin can create an opportunity to reduce poverty but it can never be a guarantee to eradicate poverty. Bitcoin is just a tool, so if one uses it to its advantage and maximize bitcoin investment, then he will surely see growth and prosperity in his life status. But bitcoin alone, does not mean being rich or wealthy. It’s up to you how you will use it to gain wealth. A lot of bitcoin owners are still not considered rich, because they don’t use bitcoin to double its potentials and gain wealth, but rather use it to satisfy their wants and needs in their life.

[Egii Nna]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

Firstly, I would like to appreciate your efforts in writing all this. Actually, bitcoin has already helped many people in life, but not everyone will be rich because, even though bitcoin knowledge is freely thought out, some people find it hard to invest. This is one of the factors that affects many poor people, but it's not that they don't know about bitcoin but still find it hard to invest. For instance, you can’t come to someone who has lots of depth on him and tell him to invest in bitcoin; it is not possible, and again, some people are meant to be poor. You can’t change their destiny. You can look at your fingers and find out that they are not equal, so in life they must have those differences; if not, there will be a great problem.

And again, most of the things you have been mentioning are some challenges affecting Nigeria, but I don’t know if the same is happening in other countries. The high rate of inflation in Nigeria is getting out of hand, so our leaders and government have to work hard together with the people living in the country to solve the problem of this inflation.

[Odusko]

First why generalise the statement without mentioning a particular country or you mean to post this on your local board, because not every country faces what you talked about and since the statement is not a global phenomenal statement, it will be hard for others to contribute to what you are saying.
AInmy country, what you mentioned are some of the challenges that are facing us as a country, and the acknowledgement of that is what has made many youths in my country to embrace and adopt Bitcoin and other offers that can help ease the impact of this economic situation on the youths.

[New Money]

Nope, the introduction of Bitcoin isn't likely to reduce poverty. Historically, trading systems have evolved from bartering with items like shells and fruits to using currency, yet poverty has persisted. The fundamental issue of poverty isn't necessarily tied to the type of currency in use, but rather to broader socio-economic factors, including the distribution of wealth and power. Typically, those who benefit most from changes in financial systems or the introduction of new currencies like Bitcoin are individuals already in positions of power or with substantial resources. Without addressing these underlying systemic issues, the mere introduction of a new form of currency like Bitcoin isn't sufficient to significantly reduce poverty levels.

[kennyliang23]

My plan with Bitcoin is pretty straightforward – I'm holding onto it for the long haul, kind of like how you'd hang onto stocks from big names like Apple, FaceBook (certainly no Twitter).
I've set aside a chunk of my paycheck to regularly buy a bit more Bitcoin. It's like playing the long game; I'm betting on its value going up over time. Plus, buying consistently helps smooth out the ups and downs in price. So yeah, that's my game plan – keep building that Bitcoin stash bit by bit and see where it takes me.

[wallet4bitcoin]

It has already created cross-boarder opportunities that has ended eradicating poverty to heights never envisaged.

It was not perceived that a system will rock the change that loads of economies will benefit from directly or indirectly.

Trading Bitcoin in anyway has become a major business for people even without the involvement of brokers to mediate transactions.

The concept of startups has also met its tremendous success because of Bitcoin.

It is almost immeasurable, considering the time of Bitcoins birth till date as compared to the normal societal approach.

[icalical]

So there are two questions here,
1. Can Bitcoin create opportunity?

Definitely, anything new will create opportunity, Bitcoin directly/indirectly has create a new Industry a Blockchain & Crypto Industry. I know that Blockchain and Crypto has been exist before Bitcoin but the industry only emerge after Bitcoin gain popularity. With new industry there are more business opportunity and thus it create job opportunity.

2. Can bitcoin reduce poverty.

It might but it won't be significant, there are deep structural and systemic problems that cause poverty, 1% of people are richer than the 99% combined, the cycle of poverty lead to lack of education, lack of education lead to less low income job, low income job lead to poverty and so on and so forth, Bitocin alone will not solve these problems.

[Riginac111]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

there is no way bitcoin will be introduced without having a counterpart or opposition so Bitcoin has been introduced since and many country Rise Against the existence of Bitcoin so it is not something that every country will embrace the same time or at any point in time so I think that why some Nations refuse to welcome Bitcoin as a real currency which is being derived from cryptocurrency or a digital asset is because they are confused of Bitcoin and the all their mindset is that bitcoin will take over their traditional currency so I believe that bitcoin the problem today is because of government.

There is something that I want us to understand concerning Bitcoin, this currency that is being produced by satoshi nakamoto is not to take over traditional currency or to make people rich but it was introduced or lesser the transaction of people from different continent to another continent that is why bitcoin is being meant or being introduced to the world, but people since Bitcoin like the shortest way of making money or getting rich, for me it is not the way I see Bitcoin I see bitcoin as a digital currency that I have it on power of regulation and it cannot be tamper or being controlled by any government, so that is how I seem Bitcoin my only definition

[OGsmall]

It been a big challenge in most country since the fuel subsidy and bad economy some country  are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation,  bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be p taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely

OP how many people do you no in the whole wild world that is poor there are more than billions of peoples who are poor.
See let tell each other the real truth the problem here is not about  teaching bitcoin after the teaching do they have funds to invest in it that the question here
Do you no most people do not eat three square meals in a day and now here you are talking about teaching.
Come to think of it who do you think will be the host of the  classes??  do you think the government that does not care about the poor all they all after is there own fame and riches and power..
OP there is a saying in my country side that says “Na money them Dey use find money “ this mean you have to use money to get money that just sample as that, so will you to forget it the government can not the reduced the rate of poor peoples.