Question: How is Bitcoin helping poor people?

[Samlucky O]

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 statement or question " how is bitcoin helping poor people?" is question most people often ask, and i usually reply them that there is no free money in bitcoin, the product of bitcoin is what you put in vs what you get in return in a long run. those folks that bought bitcoin when it was less value in the earlier part of 2009 -2010 and or when bitcoin was less than $10 could be seen as the people that benefited more in bitcoin investment but i cant still consider it as help because the profit they made in the long run is worth the time spent in hodling it. because if they didn't have held it till it became valuable, then they would still be poor. 

to summarise the whole issue, bitcoin only help the poor who believed in it, invest in it, HODL on it, and also have patient on it.

[bhadz]

There is no difference from the employees of NVIDIA that have been paid with stock options and have held it until 78% of them became millionaires due to the soaring of the NVIDIA stocks upon selling. A poor person like have nothing at all? is that what you mean by being poor? because if someone is a real poor, he won't be able to buy satoshis. That's why your definition about it will also define what how poor is that poor. Because in my country, despite that life and poverty is attached to many of my fellow countrymen, we are surviving and doing our best to survive. It's hard to save but those that are willing to invest, they're trying to invest some but not as much as they can when they've got families to survive.

[Derekfunds]

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.

Haven't heard of that before neither have I seen such thing because as far as I know Bitcoin is not for the poor when I say poor I mean people who are struggling to survive in life, someone can not be struggling to feed and at same time investing they will be messed up  and the investment will not last for long because if reach people are struggling to maintain their investment then how much more will someone that doesn't have the capacity will do and I think this is misinformation or maybe you didn't understand what they said clearly.

[Makus]

bitcoin cannot be a solution for poor people in countries globally... because the solution to these poor people is jobs, education, or health services, which are provided directly by their governments. while bitcoin is only an alternative payment or investment that can be accessed by individuals, it cannot be a direct solution to these poor people. it is not a tool that can be used to be a solution to eradicate poverty.

Yeah, you're correct. One can only have a healthy and successful, and proud bitcoin portfolio when they have a source of income to finance regular buying and building your portfolio.  Bitcoin is not a get rich quick scheme, or a shitcoin were you can buy and within a space of 24hours you've made thousands or x100% + profits or loss. Though bitcoin is a bit volatile but that doesn't make it pump and dump massively like a shit project. In bitcoin investment, it's encouraged that you invest for long term by holding and making use of any strategy that best fits your choice, DCA is one of the widely used strategies because of its simplicity and can be practiced without necessarily creating any conflict between your regular monthly or weekly spending if you carefully draft out your investment plans.

[coupable]

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.

Haven't heard of that before neither have I seen such thing because as far as I know Bitcoin is not for the poor when I say poor I mean people who are struggling to survive in life, someone can not be struggling to feed and at same time investing they will be messed up  and the investment will not last for long because if reach people are struggling to maintain their investment then how much more will someone that doesn't have the capacity will do and I think this is misinformation or maybe you didn't understand what they said clearly.

This is true if we consider Bitcoin as an investment, given that the poor do not have the capital to invest, especially since Bitcoin is by no means a cheap investment product. However, there is potential for the poor to benefit from Bitcoin as a currency for commercial transactions and a payment system. Poor people in many areas around the world have easy access to the internet and a cheap smartphone. Using Bitcoin, products can be bought and sold from all over the world. Black market traders who smuggle goods across borders accept Bitcoin transfers, making it easier for the poor to purchase commercial goods, creating job opportunities.