Can Bitcoin create an opportunity to reduce poverty?

[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.