Question: How is Bitcoin helping poor people?

[Peanutswar]

Other people who are committed and engage with the crypto space would like to share what they have and we know that all people deserve an opportunity and with their skills and knowledge with the bitcoin they share it as possible, others giving a free sharing of knowledge, others giving a goods that help them to survive at least with their expenses and etc. It depends now on the group or person if they would like to extend their service, now its up to the person who get if they will apply those and would like to change their lives. But again not all are into crypto.

[CryptSafe]

I do not think it is all about helping the poor but rather being smart enough to know what to do at times. To the least poor man out there, everyone can invest the little amount they can afford for the long term and watch as the value appreciates over time. All it takes is just the knowledge and information at their disposal to know what to do and all it takes to do it. I do not see anybody as poor but one's level of thinking determines their capacity and level of growth and success they can be able to achieve.

[Questat]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

Bitcoin will never make poor people rich. In fact, it can even make the poor become poorer if they blindly invest into bitcoin. The best way to help the poor people is to have a stable job that will support them financially and help them cater their basic needs in order to survive.

However, bitcoin is just a tool to help achieve us financial independence, that is if we know how to maximize bitcoin potentials. But it can never make poor people become rich in an instant.

[Proty]

The question is how will they think to invest in BTC when their most important thought is how to survive, have access to good water and good healthcare. Bitcoin was created so that people don't have to rely on these financial institutions alone but could have an alternative to conducting their financial activities without the interference of a third party but these individuals first need the money to settle their utmost priorities.

Bitcoin can't be said to help the poor, at least not directly but then that would be my own point of view as someone else would be of a different opinion.

Bitcoin investment is not for everyone more especially if you don't have discretionary income because our investment in bitcoin should be coming from our discretionary income money that we won't be needing for a long time,that's the money that should be invest in bitcoin and not the money you will be needing for your daily expenses.so folks that doesn't have discretionary income is not welcome to invest in bitcoin however bitcoin investment is not  just for wealthy personalities,no matter how low your discretionary income maybe you  can start your bitcoin investment.

[Jewan420]

Who said Bitcoin is helping the poor? If anyone has said so, then he may be planning a scam. Bitcoin is not like any charity that helps the poor. You can consider Bitcoin as an investment asset. There is nothing to help the poor and Bitcoin is not a get rich quick scheme. If a person can achieve his goal with consistent investment, then he may get several times the profit. But Bitcoin has nothing to do with going from poor to rich.

[Miyens]

I do not think it is all about helping the poor but rather being smart enough to know what to do at times. To the least poor man out there, everyone can invest the little amount they can afford for the long term and watch as the value appreciates over time. All it takes is just the knowledge and information at their disposal to know what to do and all it takes to do it. I do not see anybody as poor but one's level of thinking determines their capacity and level of growth and success they can be able to achieve.

I do think it helps everyone at large, depending on your way of understanding and thinking that would decide your opinions and options you would take when venturing into any crypto investments. If not everyone, at least most persons are aware of the risks of life which are also applicable to other areas,( precisely crypto currency). We all just have to make researches and studies to have a better understanding

[Becassine]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

Bitcoin has helped, and is still helping, the unbanked. Generous bitcoiners who go to poor countries and organize bitcoin initiations of sorts, then report these adventures on X, can help these people by publishing their lightning wallet, for example (and everyone can send some sats). All the people who make their living from tourism suffered enormously during the COVID pandemic, and some of them turned to bitcoin to survive. Transferring btc is easier than doing it with Western Union and much cheaper too. Other examples include the Ekasi Bitcoin project in South Africa and many others. There are many btc-related initiatives around the world, particularly in poor countries.

[Pablo-wood]

Define poor.

If they can afford to buy Bitcoin, then the answer is simple.  Take a look at the Bitcoin chart.  If they were able to save and invest only a very small amount of money in Bitcoin, they had a lot of opportunities to multiply their money by simply holding over the years.

For some one to be poor I believe they can't  afford their own meal. Even if they do the only feed to survive. If such person affords to invest in Bitcoin their capital will obviously look small, it will definitely equate to someone throwing a piece of rock into a mighty ocean such that even if it tries to rise no one notices it's presence. It's over the years as it keeps absorbing water it gradually experiences weathering and erosion  from it being exposed to water as well as the atmosphere to produce sediments. And yet it might still not be completely noticeable till generations comes and go.

The same happens around Bitcoin. When we talk about investing in Bitcoin it's not a 2- 4 years goal especially when the capital is very small. Imagine some one who can only afford to invest $100. Let's assume the market made 70% increase it will typically mean the profit made will be (100 * 70/100) = $170. Imagine waiting for years just to earn this as profit honestly it's not worth the time, energy and resource. If the fellow had invested in something more physical they should make more profit in weeks as compared to investing it in Bitcoin. Bitcoin investment currently is capital intensive

[Mpamaegbu]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

Poor people in the real sense of that word can't even avoid to feed themselves let alone investing in Bitcoin. If someone lives below a dollar per day, how can they afford to save up to do any meaningful investment. It's almost an uphill task. I believe what is implied in your "poor people" is broke people or average earners.

Back to your question, I think the way Bitcoin has financially enabled so many is that it opened up a lot of trading and investment opportunities around it and many of us here (if not all) are beneficiaries of this.

[Yucky]

Poor people in the real sense of that word can't even avoid to feed themselves let alone investing in Bitcoin. If someone lives below a dollar per day, how can they afford to save up to do any meaningful investment. It's almost an uphill task. I believe what is implied in your "poor people" is broke people or average earners.

That's exactly the irony of it all. I feel that to even benefit from Bitcoin, or for someone who is earning a low income, you should start with airdrops to gather up. if not for the fact that the airdrop ecosystem has been corrupted, that would have been an easy way to get money, and then we invest it into buying Bitcoin. So, currently, I don't really see how Bitcoin directly benefits the poor masses. You need to have money that you can at least use to start up your initial investment. It wouldn't just happen like that.

But bitcoin has become another source of income for the average person who can afford it

[ContentWriter]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

The main way Bitcoin has helped people in poor coutries is that they now have alterntive means to receive payments, especially if they're involved in freelance jobs or have cleints who employ them from overseas. Those who knew about btc early would likely be wealthy as a result even if they're from poor countries.

[AYOBA]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

I have never known that a Bitcoin is helping poor people; all I can say about it is that I know that many people and nations are benefiting from it, which is why it has become the most popular cryptocurrency globally. due to how people benefit from it, but I stated that it has helped the poor. This is the first time I heard that.

Furthermore, bitcoin can make a person become wealthy. This implies that if you have knowledge about how the bitcoin investment operates, it will help people turn what they didn’t expect within a few days because anyone who invested in bitcoin always got a huge reward in the future.

[notocactus]

I have never known that a Bitcoin is helping poor people; all I can say about it is that I know that many people and nations are benefiting from it, which is why it has become the most popular cryptocurrency globally. due to how people benefit from it, but I stated that it has helped the poor. This is the first time I heard that.

Furthermore, bitcoin can make a person become wealthy. This implies that if you have knowledge about how the bitcoin investment operates, it will help people turn what they didn’t expect within a few days because anyone who invested in bitcoin always got a huge reward in the future.

It's not mission of Bitcoin to help anyone richer. It is for everyone, and if the poor person can see potentiality of Bitcoin, learn about it, have good knowledge about it, then strong belief in Bitcoin, that person can do a last important step, invest money in Bitcoin. Also, by understanding well about Bitcoin, the person will hold bitcoin for a long time to get better ROI.

This is how a poor person can improve his finance with Bitcoin, but it's individual life and decision, so Bitcoin does not automaticallly help people getting richer. Bitcoin is here and what they do with their money, will decide that they will get richer with Bitcoin, or nothing will change.

[Natalim]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

If it's used to scam people, bitcoin as a get rich quick scheme will surely make poor people rich. But there's no person who has the right mentality will come to recommend bitcoin like that. Bitcoin is a good currency and a good store of value. If you can hold it until it reaches its new all time high, and by only then you decide to sell, you'll definitely end up making good profits with bitcoin. However, if you are impatient and easily get bothered with price fluctuations, believe me you will never be good with bitcoin.

[avp2306]

I have never known that a Bitcoin is helping poor people; all I can say about it is that I know that many people and nations are benefiting from it, which is why it has become the most popular cryptocurrency globally. due to how people benefit from it, but I stated that it has helped the poor. This is the first time I heard that.

Furthermore, bitcoin can make a person become wealthy. This implies that if you have knowledge about how the bitcoin investment operates, it will help people turn what they didn’t expect within a few days because anyone who invested in bitcoin always got a huge reward in the future.

It's not mission of Bitcoin to help anyone richer. It is for everyone, and if the poor person can see potentiality of Bitcoin, learn about it, have good knowledge about it, then strong belief in Bitcoin, that person can do a last important step, invest money in Bitcoin. Also, by understanding well about Bitcoin, the person will hold bitcoin for a long time to get better ROI.

This is how a poor person can improve his finance with Bitcoin, but it's individual life and decision, so Bitcoin does not automaticallly help people getting richer. Bitcoin is here and what they do with their money, will decide that they will get richer with Bitcoin, or nothing will change.

Those misconceptions is the one kill their hopes since they really think Bitcoin could help to solve their poverty while the fact is Bitcoin is just a tool which they can use to take advantage to gain money online. Its just the same with their fiat currency but these people fall on fake promises to easily get rich that's why we see lot of these newbie got scam its because they go on get quick rich scheme scam platforms.

If they just spend sometime to understand what Bitcoin is and how they can earn money with it for sure that they would never think about something like easy money with Bitcoin.

They can improve their lives if they are resourceful to know what is best approach with this coin and they also know how to avoid scam. Bitcoin holding may take time but this is best investment choice these people could take.

[GeorgeJohn]

Who said Bitcoin is helping the poor? If anyone has said so, then he may be planning a scam. Bitcoin is not like any charity that helps the poor. You can consider Bitcoin as an investment asset. There is nothing to help the poor and Bitcoin is not a get rich quick scheme. If a person can achieve his goal with consistent investment, then he may get several times the profit. But Bitcoin has nothing to do with going from poor to rich.

Actually, bitcoin can elevate someone if the person follows normal procedures to invest on Bitcoin for long-term, why people is making such references that bitcoin can help the poor, is that you can gather a small money and use it to buy bitcoin and keep for long-term, so on the process of holding Bitcoin the price can skyrocket, so at the moment the price skyrocket, on that note you will make a profit, so that the believe people, and the reason why they said bitcoin can help the poor...but from my understanding of bitcoin, bitcoin wasn't been established as investment option or plan, but we misunderstood the essence of the objectives of why bitcoin was established.

[LogitechMouse]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

I wonder where did you saw those posts that you're saying.

As for Bitcoin helping poor people, it can be AS LONG AS you know how to maximize it. What do I mean by that? I mean when you're buying Bitcoin back when it was still a hundred dollars or even a thousand dollars, and you sold it right now, you made a ton of fortune already just by holding Bitcoin. If you bought Bitcoin back in 2022 when it was still at $20,000 more or less, you could've 5x your money already which is a huge profit especially for poor people. Like I said, Bitcoin can help you become better in life, but only if you know how to maximize it. That's why many are learning how to use it. Even just the basics of Bitcoin could help you.

Bitcoin can change somebody's life whether in a positive or negative way depending on how they will use it.

[Powerjumboo]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

Of course, Bitcoin can help poor people. With the right knowledge about Bitcoin, not only the poor but also the unemployed youth can play an important role. But you need to have the right knowledge about Bitcoin. Along with Bitcoin, you need to have knowledge and strategies in all aspects of Bitcoin investment and trading. If you can acquire the right strategy, then it is definitely possible to make money from Bitcoin and Bitcoin investment, trading. So it is definitely better to try to do something instead of sitting idly, as a result, you will be able to free yourself from poverty.

[Bryan jessy]

Firstly, if the poor could afford to invest in Bitcoin then the answer is yes, but in the other way round the poor could barely afford most of their basic needs like, quality education, food, good standard of living, and they are not exposed to technology, though they can still get a good knowledge about Bitcoin through sensitization, which brings awareness to the people and the interested ones inquiries more about it eager to learn and get engaged in  Bitcoin.

[Botnake]

I have read many posts about Bitcoin helping the poor people in countries around the World but I would like to find out more about this.

I wonder where did you saw those posts that you're saying.

As for Bitcoin helping poor people, it can be AS LONG AS you know how to maximize it. What do I mean by that? I mean when you're buying Bitcoin back when it was still a hundred dollars or even a thousand dollars, and you sold it right now, you made a ton of fortune already just by holding Bitcoin. If you bought Bitcoin back in 2022 when it was still at $20,000 more or less, you could've 5x your money already which is a huge profit especially for poor people. Like I said, Bitcoin can help you become better in life, but only if you know how to maximize it. That's why many are learning how to use it. Even just the basics of Bitcoin could help you.

Bitcoin can change somebody's life whether in a positive or negative way depending on how they will use it.

Bitcoin can be a life-changer and get rid of poverty only if you are aware of the potentials of bitcoin and maximize it from your basic knowledge and understanding. But if what you are thinking that bitcoin could make someone instantly rich, that won’t never be possible. There are high risks with bitcoin that can make a poor person even poorer and the rich becomes poor as well, but if you are smart enough on how to get rid of those risks and maximize the returns instead, that way you will be rich but it still takes time.