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Author Topic: Bitcoin could have helped so many more people  (Read 887 times)
Rockstarguy
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November 21, 2024, 07:47:47 PM
 #41

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
For sure bitcoin is a gift but it can make people to be rich, Bitcoin is a good investment for those who can hodl it as long-term investment to make good profit in the future. Bitcoin is like every investment that you can invest your money but the difference is that bitcoin has good profit in return by hodling it.

Bitcoin can't help economy if the people that are in charge of an economy are not doing the right thing that can make economy to be better. Bitcoin can't be a source of income for people whereby people can depend on it as a means of survival on a Dailly basis. Bitcoin will only help you to be more financially stable when you have a source of income that you depend on. People who have benefited from the profit of bitcoin never depend on it as source of income, they only invest on what they can afford.

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November 21, 2024, 07:52:44 PM
 #42

Bitcoin would really help people if they accept Bitcoin and start an investment or something. Bitcoin wouldn't help people if they don't have any bitcoin at all. As I have said, it wouldn't help people if they avoid it and why I said it is because if they are active about bitcoin then they would have read somewhere about some people who share their journey in bitcoin and how it help them in their case. I am onenof them because if it isn't then I would have been here joining discussions if it didn't help.

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November 21, 2024, 08:14:49 PM
 #43

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
Of course, Bitcoin is indeed a gift to the world but only for those who believe in it and understand its benefits. However, many people still don't know anything about Bitcoin and couldn't care less. When told about Bitcoin investment, they often it's a scam. They even view those of us investment in Bitcoin as engaging in illicit or shady business.

 
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November 21, 2024, 08:18:25 PM
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 #44

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.
Any thoughts?

It will still change the world but Bitcoin will not wait for the world to believe in it before it gives people profits. Many people heard about Bitcoin but they didn't believe in Bitcoin and that isn't the fault of Bitcoin but our fault. We miss opportunities that could changed our lifes everyday because we don't pay attention to things around us and only chasing things that are being hyped without any real value to them. Bitcoin can still help to change many people life but when there's an opportunity to buy Bitcoin, people will not want to buy but will be looking for the next coin that can belike Bitcoin.

The small group of people that believe in Bitcoin took a step of faith and they have the qualities of people that become successful in life. There is going to be other opportunities in life to be rich hence, if you missed it with Bitcoin don't give up.

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November 21, 2024, 08:33:05 PM
 #45

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
If everyone had bitcoin then bitcoin would be worthless because everyone would get easy access to bitcoin and destroy them. Bitcoin is so valuable today because very few people in the world own it. Bitcoin is worthless to people who don't know about Bitcoin, if they are given free Bitcoin they will neglect Bitcoin even more and will be forced to sell it at any price.

Few people own bitcoins it's not a shame it's a matter of pride. Those of us who have a small amount of bitcoins are investing in bitcoins with the money we get from working on signature and unique airdrop campaigns that we can't afford to invest by collecting money from other sites. So I want there to be a small number of people and the value of Bitcoin is high so that investors are satisfied with the investment.


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November 21, 2024, 08:33:58 PM
 #46

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?

The stock that are been held by the traditional finance, did he benefit large portion of the world because I don't understand the angle you are coming from. Bitcoin total supply is just 21 million and no one absolutely stop anyone from buying as long as you have the money to purchase it, it's censorship resistance and it's available any where in the world even if your government disapprove it, there are many alternatives ways to buy Bitcoin without getting into any Bitcoin.

What to should have said is that it's not everyone that is financially bouyant to buy Bitcoin, even when Bitcoin was cheap, there are people that were about it's existence but doesn't have the means to buy it and you know one thing about such people, if they work hard to buy Bitcoin at that cheap price, with the current price of Bitcoin, they will sell everything they have because they wouldn't be able to hold further due to financial status, tey have bills to pay and you expect them to hold, it will be difficult. Everything about a person who has nothing is always hard.

R


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November 21, 2024, 09:03:29 PM
 #47

We will realise true value of Bitcoin if CBDC (central bank digital currency) will ever become main means of payment. Then the government will have the power to lock your funds of you ever commit something they think is wrong.

Think of canadian trucker protest, when government locked the bank accounts of truckers that protested against mandatory Covid vaccine.

The value of BTC is that it can not be locked or stopped and is not dependent on government.

 
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November 21, 2024, 09:08:24 PM
 #48

Bitcoin only help those who believe and invested in it. The price of believing and trusting what you don know will be determined by the end of time. You can't expect people who had positive vision for bitcoin back then and bought, store and held it, to be thesame or equal with those bitcoin haters who never had any positive vision towards bitcoin.

Is only does that would have invested thay bitcoin will help because when you look at it if you don't invest then how will you benefit from it, and their are rolled their investment is usually audio investment. Their are people that want to actually invest but they are being held by one ot two wereby the rest are just their scared of losing their money so they don't want to invest at all. And those that were positive about bitcoin then and have invested would have gone far by now.


Quote
In as much as life is concerned, it is all about give and take . You can't plant maize and harvest rice. What you get is the product of your investment, be it whatsoever.

And that is were investment comes in because if you don't invest on time it might be to late to invest in, just look at the way the price of bitcoin is going now almost 100k and it might go beyond and those that invested early are the once to be making good money now and that is why bitcoin investment is very important but people still don't take it seriously.

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November 21, 2024, 09:09:01 PM
 #49

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
Bitcoin is truly a gift to the world definitely, this statement is accurate. You don’t have to see bitcoin as a helping hand for everyone meaning global population as mentioned, investing is good of course those who choose bitcoin as an investment choice will definitely benefit. Just against the fact you mentioned bitcoin as less beneficial, before going to create awareness so larger population will also benefit you should know the purpose of bitcoin is beyond mere adoption. If the world starts embracing digital assets like bitcoin I believe larger population will also benefit, the common reason why bitcoin has not gotten so far in terms of population is because they don’t want also lack of funds.

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November 22, 2024, 06:32:50 PM
 #50

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
Bitcoin has really changed the way we see currencies and we don't have to always be dependent on fiat currency when we can hold and keep our currency digitally. Since the launch of Bitcoin, we have seen huge market dominance in the blockchain aspect, and now people are seeing good reasons why they have to keep their funds digitally without any third part in between. Bitcoin has really changed the history of money and we are now heading to digital money era where there will be no need to hold fiat currency for us to carry out transactions.
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November 22, 2024, 11:08:21 PM
 #51

I am responding to you through the title of this post because the title look exactly like the composition of the post, for me people who knows about Bitcoin and the value of bitcoin starting from when bitcoin was established and the invest on it bitcoin has rendered help to them especially people that have exercised patient to invest in Bitcoin for long time because if you invest in Bitcoin and allow it to stay till now I think about you have make a profit by now so Bitcoin it's all about Endurance and if you want to benefit from me exercise patient for the investment

R


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November 22, 2024, 11:16:39 PM
 #52

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
It sounds like Bitcoin is a saviour or something that will comes to you then your problem will be solved lol.

At least people should know the basics to learn the hows and what's for the safety of it, the security measurements you should do to avoid getting hacked and scammed. Without it people will just cry and blame others for their inability to do something. That's why Bitcoin is not for all, especially to those who doesn't want to learn it.

 
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November 22, 2024, 11:36:47 PM
 #53

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
There has never been any technology that received massive adoption by the whole world when it is newly introduced. Bitcoin even did well to an extent to have gotten this mass adoption even when the government was obviously against it in the beginning. There is existence of gold where people save their fiat against inflation, but not everyone has got a gold. It is not also everyone that are into bonds and stocks. So even if bitcoin is made to be free for anyone to acquire, there are still people that will not grab the free Bitcoin. In fact when bitcoin was newly created, the value was so ridiculous that it could be called a free coin. But how many people bought it and how many people believed the coin till today?

One big problem of humanity is their inability to adapt and accept new technology or changes to what they already know. There are still old men in my neighborhood who argue that an individual cannot create a currency, that it is only the government that has the power to create a currency. The boldly call bitcoin a Ponzi scheme. So what do you say of those people, even if you gift them bitcoin they will not accept it. So, let's just allow it be, if everyone is involved in bitcoin, where will be the fun then?


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November 22, 2024, 11:56:08 PM
 #54

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
It sounds like Bitcoin is a saviour or something that will comes to you then your problem will be solved lol.

At least people should know the basics to learn the hows and what's for the safety of it, the security measurements you should do to avoid getting hacked and scammed. Without it people will just cry and blame others for their inability to do something. That's why Bitcoin is not for all, especially to those who doesn't want to learn it.

Crazy for them to think about that since the real thing is we are the one who will seek for opportunity so that we can earn something from bitcoin. And this opportunity is not only limited for this coin only since if they are just resourceful online for sure they could find more and not just rely on what bitcoin could possibly bring to their tables if the price of this coin pump up more.

One of the reason why they fall on ponzi or other scam schemes since they look forward to much on bitcoin and think that there is a program that could able to give them passive income.

If they would just learn those basic things and try to upgrade their knowledge for sure that they could able to get advantage on many things this industry could offer to them.

R


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November 23, 2024, 07:00:53 AM
 #55

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
You make it sound very simple, but honestly it is not. Like one of the user here said in their reply, precious metals like gold, silver and so on could have changed their lives if they invested in those early. But they didn't because only a small portion of the people in the world were able to invest early in those metals to make them rich. The others didn't have any surplus money left with them to be able to enjoy any kind of investment. It is the same in case of bitcoin. They weren't able to invest in bitcoin because they are living form paycheck to paycheck. Moreover, bitcoin and other crypto currencies are extremely volatile. And there is a saying that invest only what you can afford to lose. Someone living from paycheck to paycheck cant afford to lose anything.

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November 23, 2024, 07:34:02 AM
 #56

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?

What do you mean by changing society comprehensively? Bitcoin is just a decentralized payment system, it has no take on the larger economic scale as you say. And also you say that it is only accessible to the smaller people, that is a mistake, because since 2009 Bitcoin has been available to everyone, but when until now only a few percent of people know about Bitcoin, it is not Bitcoin's fault, but the majority of people did not believe in Bitcoin from the beginning.

R


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November 23, 2024, 08:02:43 AM
 #57

Bitcoin has really changed the way we see currencies and we don't have to always be dependent on fiat currency when we can hold and keep our currency digitally. Since the launch of Bitcoin, we have seen huge market dominance in the blockchain aspect, and now people are seeing good reasons why they have to keep their funds digitally without any third part in between. Bitcoin has really changed the history of money and we are now heading to digital money era where there will be no need to hold fiat currency for us to carry out transactions.

What you say is the original purpose of bitcoin was created but look at what is happening is that true? I mean, would you put all your money into bitcoin with the intention of not relying on a 3rd party and using it to make daily transactions instead of fiat? Or are you using it as a speculative asset and at the end of the day when you have enough profit, you will convert it to fiat?

I don't see the fiat era going away and the crypto era dominating the world.
Honestly, I don't know if bitcoin will create any monetary revolution but right now I see bitcoin only creating new investment opportunities for people, nothing more, nothing less. And this investment only benefits those who have the knowledge and know how to take advantage of it, not the whole world benefits or it can help everyone.

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November 23, 2024, 08:25:10 AM
 #58

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
Maybe we can’t blame people for not understanding bitcoin. After all, it’s been around for over a decade, yet still a lot of people don't see it. In fact, there are tons of other investments out there that don’t get much attention either. So it is no big deal if some people don’t invest—most didn’t plan to in the first place.

Let’s face it, bitcoin isn’t for everyone. It’s for those with an open mind who are willing to take risks. We spread awareness already, but only a few really listen and seize the opportunity. While the rest are just ignoring. That’s why we’re lucky to be in the crypto world, where Bitcoin can be a real game-changer for us.
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November 23, 2024, 11:33:14 AM
 #59

The influence of Bitcoin goes beyond the perception of serving only privileged people. In countries like Nigeria and Venezuela, Bitcoin has helped people to fight inflation and protect their saving, Bitcoin is also used for  international transactions outside of failing banking systems. However, Bitcoin's also has problem with regulatory uncertainty and technological obstacle. Its adoption nonetheless keeps growing, from its use in the economy of countries like El Salvador down to daily needs in emerging markets. While it hasn't transformed the global financial system as yet, Bitcoin does find its place and steadily trying to fill specific economic and societal gaps.

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November 23, 2024, 11:54:58 AM
 #60

Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?

What do you mean by changing society comprehensively? Bitcoin is just a decentralized payment system, it has no take on the larger economic scale as you say. And also you say that it is only accessible to the smaller people, that is a mistake, because since 2009 Bitcoin has been available to everyone, but when until now only a few percent of people know about Bitcoin, it is not Bitcoin's fault, but the majority of people did not believe in Bitcoin from the beginning.
Maybe what OP meant, those who have invested in bitcoin have indirectly changed their finances and indeed until now bitcoin has not changed the economy in a big way but if you look at the increasingly unstoppable growth of bitcoin, it is possible that one day bitcoin will be adopted by many countries so that it can change the economy in a big way. For example, now we can see like El Salvador which adopted bitcoin as a currency and benefited from bitcoin.

Of course it's not bitcoin's fault because bitcoin since it first existed has been accessible to everyone, it's just that at that time there were still many people who were skeptical about the growth of bitcoin. But now with the increasingly rapid growth of Bitcoin, it has helped many people, especially in terms of finance. Bitcoin certainly cannot be enjoyed by the entire world's population, this is the same as gold, not all world residents have gold.

 
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