Can Bitcoin create an opportunity to reduce poverty?

[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.