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.