How do cryptocurrency increase the standard of living

[Benedictare]

   Cryptocurrency give financial autonomy to ever individuals and increases the liberty to money services which can be though as a way of growth assistant method in countries that are still growing,it also will increase the welfare of the people by reducing the cost of transaction, quick and not expensive compared to traditional banking system .

   Cryptocurrency free money from the government control or financial institutions which means it is not monopololised, it also gives financial services to the population globally.

[yhiaali3]

     But I believe that when crypto becomes widespread and technology develops, many things in our current world will change. This lack of understanding on their part can be easily addressed through enlightenment programs organized across the country. So it is not a complicated problem. Technology has and will continue to improve over time. Then they just need to spend some time learning about current technology and Bitcoin.

Of course, the widespread spread of Crypto and the development of technology will change many things in our current world for the better, as you mentioned, but we are talking about poor areas in third world countries. These areas do not have the basic requirements of life or the infrastructure for technology.

People in such poor developing areas in some African countries or third world countries do not know how to use computers and the Internet because they do not have them, so these basic things must first be provided and poor people taught about them, then they can be taught Crypto easily.

[MarjorieZimmermanGinger]

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

Education does not guarantee that people will be better regarding income standards, but education can direct people to look for sources of income with the skills they have. Education is only a form of our having attended school and provides an understanding of the knowledge we learn. The standard of knowledgeable people is seen from the extent of their education, but this does not guarantee a better future in financial terms because there are many people who do not have higher education who are also able to achieve wealth from the businesses  they own.

Cryptocurrency is still general and if we talk as a whole there will be many things that need to be discussed. There are various types of coins in it and how they can affect a person's standard of living depends on the person who uses them. I tend to see potential in Bitcoin compared to other coins because of its durability and price which continues to grow in the market all the time.

[Hypnosis00]

We recognize Bitcoin as a changing life opportunity but are sad to say that it is been a losing opportunity for others. Bitcoin never makes us rich if we never invest which means that it was easy for rich people to acquire this but for poor people, it is likely impossible. However, this won't make us think that we don't have a chance to improve our living as we still have, maybe it couldn't be because of having Bitcoin but can be in other ways.

Let us accept the fact that without education, it was hard for us to uplift our living. This is why we must also invest in proper education before thinking about having a better life.

[Su-asa]

It is very simple my dear, you know bitcoin can change the standards of living by make us know it's a good store of value and can also make an important opportunity world wild.
However, it can also increase the standard of living by providing easier money transfer to anywhere in the world.

The standard of living is getting more advanced and Bitcoin is here to take us to the areas which we aren't been before, you can stay in your apartment and pay academic fees. And it can also restore literacy financially. When you study about crypto currencies you will learn more about it and that's how you get educated about crypto currency.
You have to hold onto the currency which you know will be profitable and holding it will profit you more.

[Solosanz]

It is very simple my dear, you know bitcoin can change the standards of living by make us know it's a good store of value and can also make an important opportunity world wild.
However, it can also increase the standard of living by providing easier money transfer to anywhere in the world.

Bullshit!

There's no correlation between increase in living standard and borderless payments, I doubt people are using Bitcoin is really as a peer to peer currency than as an investment.

It's all related to money and profit, which is using Bitcoin as an investment.

You have to hold onto the currency which you know will be profitable and holding it will profit you more.

Everyone who buy cryptocurrency are believe the coins that they bought will be profitable, but in reality, not every people will able to earn by holding it.

[serjent05]

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

First information about Bitcoin is openly distributed on the internet, aside from that, there are dedicated Bitcoin enthusiast that are happy to share knowledge about Bitcoin.  Whether the person is uneducated or not, information dissemination of Bitcoin features and strength are openly marketed everywhere except for countries that banned Bitcoin.  Now,  cryptocurrency can increase the standard of living of these people by giving the unbanked a chance to participate in the global economy/market where they can get access to affordable financial products and services that they need which is often called financial inclusion.[1]

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

That said Bitcoin enables the unbanked to access the global market where they can participate in global trade and be able to find goods and services that are offered more cheaply than in their local market.  Getting cheaper goods and services enables a person to save money, and the scenario where a person can save money simply conveys that sooner or later with the saved money, he can increase his standard of living by enabling the person to buy things that he can't afford before.

There's no correlation between increase in living standard and borderless payments, I doubt people are using Bitcoin is really as a peer to peer currency than as an investment.

I think otherwise, having the freedom to access different markets enable a person to conduct business everywhere.  As long as there are trades between people, profit can be seen.  So having a borderless mode of payment enables a person to buy cheaper products in one country and sell them at a profit to another country.  The same thing as financial inclusion except that the person tends to make a business out of the cheaper access to the product and service.
 

[1] https://www.worldbank.org/en/topic/financialinclusion/overview

[Lukmanfirdaus1]

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

Actually, I don't really understand what the connection is between cryptocurrency improving the standard of living and uneducated people. If the question is changed to whether uneducated people can improve their standard of living by learning crypto? then I can answer yes, then the question continues with "how", then I can answer by taking part in a bounty, airdrop, testnet or even becoming a contributor on a project, or you can learn programming, web, blockchain or something else so that later you can work as workers on one of the projects. or if you are not educated and have a lot of money, just invest your money in long term projects such as bitcoin and top 10 coinmarketcap.

[Davidson500]

Cryptocurrency for me is just like gambling, where two things are always involved is either you gain or it reduces your financial stability to zero when you invest in the wrong Bitcoin. it doesn't really assured one increase in there standard of living.
But it could also provide a significant benefit by overcoming the lack of social trust and by increasing the access to financial services as they can be considered as a medium to improve the growth process in developing society by increasing financial inclusion when one deals with the right Bitcoin.

[The Cryptovator]

If you expect to change the whole world with Bitcoin, then it's impossible. Bitcoin could play a significant role in changing the world. So if you are talking about changing the living standard with Bitcoin, then it could keep a role, but it can't change the living standard alone. For example, Bitcoin helped me change my living standards, but my neighbours were unaware of that. That means Bitcoin couldn't impact their living standards. It's the same: everyone in the world doesn't use gold, but we are using it. 

[Distinctin]

It won’t increase your standard of living easily but it takes time with the right process and attitude towards your bitcoin investment. And losing could still be inevitable but if you are patient and knows how to minimize losses and increase the opportunities in winning profits, you will definitely see progressive changes in your life. But I tell you, if bitcoin may increase your standard of living, it can also do the opposite. If you are not wary and prioritize altcoins more than bitcoin, and is not patient with the market’s volatility, you will end up living your life in a mess, losing and regretting.

[Smartvirus]

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

Cryptocurrency wasn’t meant to increase the standard of living in the context you might be referring, it was created to ensure easy and fast payment. You don’t need to have a degree to use it or understand the least concept about its exchange.
You just need to know what it is, how it works, what wallets to use and how to be secure in your dealings using cryptocurrency. It might seem like a lot already but, basic knowledge could keep you in line.
So, not being educated don’t play much of a role here. There are so many uneducated people that still have access to modern technology and gadgets, work it good too. It’s all you might need.

[stadus]

Bitcoin is only a tool, it does not actually make your life change positively and increase your standard of living. But if you take advantage those opportunities brought by bitcoin using your own sufficient knowledge and skills, you will definitely gain a very positive outcome out from trading or investing.

But you won’t experience the good side of bitcoin instantly, as majority still suffer from losing before starting to profits most especially if they are still newbies to trading or investing. However, they can always change their fate if they continue to take risk while harnessing their skills and strategies, until they can finally say that they are good enough and are now able to invest or trade in profits.

[Franctoshi]

Investment in Cryptocurrency would give you the opportunity to elevate your standard of living and not necessarily it must increase your standard of living, and it involves doing some work to get this result, you must dedicate your time to learning, research, and investing in the right crypto project to get this result and secondly if you are in countries that their economy is crumbling and where your local fiat currency is steady decreasing in value while you have invested in some cryptos this will help things happen fast, because your earnings will have increased way higher when converting to your local fiat currency.

[_BlackStar]

-snip-

Education does not guarantee that people will be better regarding income standards, but education can direct people to look for sources of income with the skills they have. Education is only a form of our having attended school and provides an understanding of the knowledge we learn. The standard of knowledgeable people is seen from the extent of their education, but this does not guarantee a better future in financial terms because there are many people who do not have higher education who are also able to achieve wealth from the businesses  they own.

Of course - but wait, you don't need to generalize everything is the same. In many countries – schools only produce employees, in other countries schools produce skilled entrepreneurs and company owners. Education that supports students in business and finance tends to produce more business people than employees, but of course this varies by country.

Differences in implementation in the educational curriculum will differentiate the output produced - in some countries, becoming a civil servant is a dream job, while in other countries becoming a businessman is the dream of the average student.

Cryptocurrency is still general and if we talk as a whole there will be many things that need to be discussed. There are various types of coins in it and how they can affect a person's standard of living depends on the person who uses them. I tend to see potential in Bitcoin compared to other coins because of its durability and price which continues to grow in the market all the time.

The average bitcoin holder is not poor - they are experienced investors who have a good standard of living financially. Some are those who are building their standard of living to become more established - but they are people with knowledge.

[BitcoinTurk]

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

Cryptocurrencies aren't something that directly increases your living standards but rather financial tools that help you increase your living standards and facilitate this by taking advantage of opportunities. For example, due to their high earning potential they can help you earn a lot of money and reach a better financial situation by using small capital and they can also help you raise your living standards by helping you transfer money faster with lower commissions and without being affiliated with any centralized financial institution. In other words, it not only helps you increase your living standards by making money from cryptocurrency markets but also helps you reach a better living standard with other advantages it provides.

In summary, cryptocurrencies can help you earn more and faster money than other financial assets and increase your living standards more easily by allowing you to transfer money around the world quickly at low cost and without being affiliated with a central financial institution. In addition, as it contributes to making many transactions in our lives easier, more practical and faster, depending on blockchain technology it also helps to increase our quality of life.

[dothebeats]

News flash: it doesn't. Only those who are smart and lucky enough to get in before everyone else did are the ones who have the chance to increase their standard of living. Most people still think that bitcoin will improve the quality of lives of people, when in fact it's another investment tool that you need to buy before it performs for you. Bitcoin is another currency, not a cure for the disease of poverty. For economic conditions to be better, a lot of things has to change, and bitcoin isn't one of those in the equation to bring the said change.

[Maslate]

It’s not on the cryptocurrency or bitcoin that improves your standard of living but it’s definitely on how you manage your position towards bitcoin. If you are smart enough to take every opportunity that bitcoin offers, then surely you will gain a highly productive result. But if you keep on missing every opportunity that comes and would neglect them instead of going out from your comfort zone and take the risk, believe me, your life will never be productive at all.

[Tipeform$]

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

It is possible to increase the standard of living from cryptocurrency if a person goes ahead with Bitcoin investment. Just investing alone will not increase your standard of living. Here are some basic rules of investing that you must follow. Here you must understand the opportunity to invest. If you can invest from the right place, you can certainly change your standard of living. Moreover, if you cannot invest from the right place, you cannot increase the standard of living. But many may go here with unique meme coins to increase their standard of living quickly in this case if luck does not help them then they will not be able to change their standard in life but their standard of living will change more upside down.

[Lanatsa]

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

It is possible to increase the standard of living from cryptocurrency if a person goes ahead with Bitcoin investment. Just investing alone will not increase your standard of living. Here are some basic rules of investing that you must follow. Here you must understand the opportunity to invest. If you can invest from the right place, you can certainly change your standard of living. Moreover, if you cannot invest from the right place, you cannot increase the standard of living. But many may go here with unique meme coins to increase their standard of living quickly in this case if luck does not help them then they will not be able to change their standard in life but their standard of living will change more upside down.

Totally depends on how well you do hover yourself into this market on which it would be that resulting into those positive results or outcomes on which it did really give out that kind of chance or opportunity on earning financially but we know that reaching out this state or condition isnt something that will really be directly giving out that kind of sustain for longer runs. This is why as much as possible we should really be finding up more ways and other sources that we could really be able to build one which we know that this isnt something that will be easy. Its not bad to raise up your standards or living but make it sure that once you do
go up then it would be always better that you do already be able to sustain yourself when it comes to expenses and other aspects.

Sustain and continous income source would really be the main thing on which it would really be causing up for you to survive without even doing or having a day job.
Your income sources will really be the ones will really be able to make yourself that survive in speaking about finances.