Can Bitcoin create an opportunity to reduce poverty?

[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.

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[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.