How do cryptocurrency increase the standard of living

[KennyR]

I'm curious which poor-middle class people is living only with cryptocurrency, without have a job either in real life and online, not participating in signature campaign etc. I don't think there's, it's not easy to pump and dump shitcoins or trading, if many people can be consistent for making a lot money in there, a lot people will resign from real life jobs.

In the past, people had good amounts of cryptocurrency giveaways, and people who kept hold of those cryptocurrencies were able to survive with the cryptocurrency they had in their wallet. This is very few in number, as most have sold during the early days for small profits.

As said, it is really hard to live completely with cryptocurrency as a beginner. Over time, the knowledge one acquires will let them understand the market and earn through all possible means. Right now, things have changed, and the market is now profitable based on capital investment.

[SamReomo]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Crypto-currency or anything else won't change someone's standard of living especially if those people are uneducated the reason is that uneducated people won't be able to secure their Bitcoin investment because they don't really know what to do and that's why their Bitcoin investment can also be a risky investment for them. They'll have to rely on someone else to handle their wallets which isn't safe at all.

If you really want to change someone's standard of living then first educate them about basis things and then educate them about Bitcoin and other crypto currencies. Once the education part is complete then and only then they can improve their standard of living by investing in crypto-currencies or by using their education to teach others about crypto-currencies.

[livingfree]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

What is the connection of standard of living and people being uneducated to investing into Bitcoin/crypto?

But let's just say someone who's uneducated started to have interest in investing. It's likely that person might get scammed for having no idea of what he's doing. And from there, they will learn the basics of investing.

With that, the standard of living will increase into knowing about things and learning from experiences. Say that person have already learned and started to invest, that means that person will start to save some money for investment and that's going to give them the idea the importance of managing money very well and how money works for itself.

[bobbybkk]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

What is the connection of standard of living and people being uneducated to investing into Bitcoin/crypto?

But let's just say someone who's uneducated started to have interest in investing. It's likely that person might get scammed for having no idea of what he's doing. And from there, they will learn the basics of investing.

With that, the standard of living will increase into knowing about things and learning from experiences. Say that person have already learned and started to invest, that means that person will start to save some money for investment and that's going to give them the idea the importance of managing money very well and how money works for itself.

Maybe you find this article interesting:

The cruelty of crypto

Selling itself as the new American dream, crypto exposes the vulnerable to fraud and scams, and loads risk onto the poor

https://aeon.co/essays/the-cruelty-of-crypto-in-its-promise-to-revive-the-american-dream

[shield132]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Who said that cryptocurrencies increase the standard of living? Cryptocurrency is the result of an increased standard of living. Btw cryptocurrency is helping El Salvador economically at some point because cryptocurrencies are completely legal in El Salvador and it creates new jobs, attracts investment and some digital nomads move there but this country still has a lot to do because there is a very high violence and crime rate. Anyways, you need educated people to work in crypto companies, which means that the standard of living can't be increased without education, bitcoin is not magic, don't fall for fairy tales.

[arwin100]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

You should not expect that automatically it can change the standard of living just because you join on some cryptocurrency activities or investment. There's always huge risk for it knowing how volatile the crypto market is. Also trading is not for everyone since not all have long patience to learn about this. If you want to change your life by the use of cryptocurrency then you must spend a lot of time to learn more deeper about it also don't be so lazy to develop skills that needed since adaptation on everything new introduce technology in crypto space will make you survive here.

Also its not all about earnings since there are times that people became bearish and lose their money that's the reason you should consider the risk to avoid any unwanted losses. Consistency is also important here and most important of all we must prioritize to gain knowledge rather than getting short term profit since knowledge can convert into long term good profits in future.

[Rockstarguy]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Cryptocurrency does not increase the standard of living because it is not a source of income for people. This is the mentality most beginners have, thinking that they can just have cryptocurrency and it is just going to generate more income for them. You can only increase the standard of living by having more source of income. You invest in cryptocurrency,  it helps to yield profits. The more income of money you have, can determine more profit in cryptocurrency when you hodl for longterm expecially bitcoin because you invest in cryptocurrency based on what you can afford and according to the income you recieve.

The reason why cryptocurrency can't increase the standard of living is because it is volatile and can't be predicted.  If you want to increase your standard of living is for you to your best to generate more source of income by getting a new job or go into business.  Cryptocurrency can not give you the money you want,  you can only invest in cryptocurrency to gain profit.

[Solokan]

I am not a crypto expert and the reason I joined this forum was because I wanted to learn while discussing crypto, especially bitcoin. What I know is that crypto certainly has the potential to help the economy as long as before investing in crypto you must first learn about the science and also about the risks and you must also know about information and you must be able to manage everything well. by investing in crypto, of course many people are lucky, but there are also many people who lose, so the point is that in this case, getting into crypto can make our economy more advanced or it can also make our economy destroyed. Because of this, many people say that only money that is ready to be lost is worth putting in crypto.

but by prioritizing knowledge of course investing in crypto will not make our economy collapse because of course people who have knowledge about crypto will invest in crypto with money that is ready to be lost and will also invest in the safest crypto and in my opinion the safest is investing in bitcoin and for people who are knowledgeable about investing in crypto they will definitely not make crypto their main business but will definitely make crypto their side business.

So the point is that investing in crypto has the opportunity to make the economy progress and only people who prioritize Knowledge and knowledge will have the potential to be successful investing In crypto.

So in my opinion what will advance our Standard of living is prioritizing knowledge and of course doing business in the real world, online and digital.

[dunfida]

It doesn't necessarily increase the standard of living
It creates an opportunity to increase ones standard of living
And this is possible if one invest in projects with good potential and preferable relatively low risk(Bitcoin).
Cryptocurrency is not really the answer to eradicating world poverty but as an opportunity if rightly held can help reduce said proverty.

Not excluding that it has its own risk especially when dealing with shit coins.

I fully agree into this one that it wont really be necessary on raising up your standards of living on the time that you are already earning well. You shouldnt really be forgetting on having savings plus
trying out to expand if ever you do have some investment or business on which on the time that you would really be making those income source on which you could be able to sustain
then this is the time that you would be raising up your level of living on which you could be able to sustain out somehow and not on the time that you are just starting up,
because people do usually mess up their lives on the time that they would be having those immediate assumptions that they could do it for long term.

If you are someone whose really that relying on 8-5 day job then it would really be sensible that you would be needing to find up some income source.
This is where crypto could be also a good option for you to take, somehow it wont be a guarantee but at least you do already have that kind of chance
on making your life better.

[Baki202]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Some people make a living out of just bitcoin, people that do profit and take people that do futures, and people that do daily trading, even if you know out to get your head around bitcoin then you won't have an issue making money from it, look at people that mine bitcoin also have a cut-off percentage that their ant miners bring, and that is why I think this dude made this statement about an increase in the standard of living, might be true for, and people that wrong for some people so this still depends on every individual, and since the price is always increasing even when its down makes it a better investment.

Who said that cryptocurrencies increase the standard of living? Cryptocurrency is the result of an increased standard of living. Btw cryptocurrency is helping El Salvador economically at some point because cryptocurrencies are completely legal in El Salvador and it creates new jobs, attracts investment and some digital nomads move there but this country still has a lot to do because there is a very high violence and crime rate. Anyways, you need educated people to work in crypto companies, which means that the standard of living can't be increased without education, bitcoin is not magic, don't fall for fairy tales.

And El Salvador would have been smart enough to have invested most of its money in Bitcoin now that the price is going up they are surely making a profit, and sometimes the country just needs to think of the box to make use of the possible solution to help their economy and despite what everyone was saying they did not care they still recognized it as a legal tender. and with that kind of freedom bitcoins will even attract more people to that country not because of anything but because of that freedom that is there and people also accepting fully as a means of payment.

Instead of using the word educated people won't it be better to use smart people in crypto companies because there are some mistakes that can not be condoled because that mistake can cause everything, education is not really that important in crypto because there people who are not educated and they are doing very well they only need to understand how it is run that is all that is needed.

[Nangiconference]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Uneducated means they did not learn cryptocurrency which implies that they standard of their living cannot increase. It's is only when you learn that you can earn. Even if one is not educated scholarly and he is educated in cryptocurrency such a person is good to increase his or her standard of living through cryptocurrency.
Not all graduates can earn from cryptocurrency because they have to learn cryptocurrency first and have a good knowledge in it. Anyone who learns cryptocurrency well by knowing how to analyze the market and every other aspect of it is expected to experience an increase in the standard of living.

[glendall]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

What standard of living do you mean here?
If highly educated people cannot manage money, they will not have a good standard of living, because they lack understanding in managing finances,
and if people's living standards are high regardless of ability it will also be dangerous,
Here Bitcoin cannot be said to measure everyone's standard of living because the main goal of people investing in Bitcoin is to save safely without any interference from the government which is preoccupied with taxes and deductions when saving in the bank.

[Stalker22]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

I doubt that it can. We cant expect some magic internet money to make all our lives richer, right? But, maybe it can help in some way.  People without banks, just using crypto to save up or send some money, for example.

[GreatArkansas]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

I doubt that it can. We cant expect some magic internet money to make all our lives richer, right? But, maybe it can help in some way.  People without banks, just using crypto to save up or send some money, for example.

With cryptocurrency's ability to provide financial services to the underbanked and unbanked, cryptocurrency has the potential to raise living standards in several ways and promote greater economic inclusion.
Overall, overcoming several obstacles is necessary to fully realize the advantages of using Bitcoin or any cryptocurrencies.

[Ndabagi01]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

The majority of people in this crypto space are educated, while the uneducated look for other ways to make ends meet because they cannot handle this technology on their own. The educated ones consider how they can invest in this project in order to earn a good return in the future if they have done the necessary for themselves by investing solely in bitcoin and not risking their money on other projects with uncertain returns.

Even the uneducated can benefit from this. For example, having a mining tool in a village that uses the energy from those machines to generate electricity for the residents can help improve the standard of living in those communities. Other options exist, but these methods will aid in alleviating the low standard of living in those areas without causing them to suffer as they might have been due to cost of electricity supply.

[Botnake]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

If you won’t educate yourself about bitcoin, then there’s no chances that bitcoin will manage to increase your standard of living. You have to gain knowledge and develop certain skills so that you can always chase every bitcoin opportunity that comes. Knowledge is always the foundation of every success, if you don’t have that, then you won’t have the idea on how to invest and trade profitably in bitcoin. Go out from your comfort zone if that what it takes to see yourself successful.

[Mauser]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

The main advantage of crypto currencies is that it offers the consumer an alternative to traditional banks. We can finally escape the fiat money system on a global scale and are not forced into using bank services anymore. I do like both bitcoins and banks, because the bank is where I get my monthly salary in and from where I pay all bills. And bitcoin is where I save my money for long term investing. It's not really possible yet to choose between the two, because there are very different for me.  Banking is a tool that I need to use every day and there is no way around it, Bitcoin is something that I believe in and hopefully one day will become the standard for everybody.  When it comes to paying bills and using money everyday bitcoin wouldn't really be efficient in the current form. On the other side when it comes to investing I would never invest in a bank itself. Their business model is highly dependent on general interest rate and a big crisis could trigger a bank run. So, crypto currencies is a system I believe in and bank not anymore. In the future banks will lose more and more business and become less relevant, whereas crypto currencies gain more importance and will take over eventually. We will increase our standard of living by being the early adopters.

[Silberman]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

You are stating this as if it was one of the missions of bitcoin to accomplish that goal, but it is not, if a person can use bitcoin to increase their own standards of living by being a good investor, that is great, but bitcoin is not going to do this on its own and the community as a whole will not do this either, so if you think this is going to happen you are mistaken, and if you want to achieve this not for yourself but for other people then you need to figure out how to do this on your own.

[Richard Betz]

Cryptocurrencies have the potential to increase the standard of living in several ways:
They offer financial inclusion to those without access to traditional banking systems, allowing them to participate in the global economy.
Cryptocurrencies can hedge against inflation and currency devaluation in regions with unstable fiat currencies.
Blockchain technology, which underpins cryptocurrencies, facilitates secure and transparent transactions, reducing fraud and increasing trust in financial systems.
By enabling faster and cheaper cross-border transactions, cryptocurrencies can stimulate economic growth and trade, ultimately contributing to an improved standard of living worldwide.
Also, Buy a virtual card with Cryptocurrency. Example: Bitcoin. Get More Info from Here: VCC Issuer (On Google)

[Nrcewker]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Cryptocurrency cannot increase the standard. Smart people can themselves know how to use the coin efficiently and make profits from it. Cryptocurrencies are increasing in a higher rate, hence it will automatically help you to make your finances more stable. If you ask me then, it’s always better to have multiple investments in cryptos. It only needs one moment for the price to go up. Education does play important role, but sometimes uneducated people come out to be more smart.