Can Bitcoin create an opportunity to reduce poverty?

[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.

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[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.