Why I love crypto ?

[shawonngp]

Is crypto created to help the poor ?
Yes, it is.

Crypto is not created for a certain class of people; it is not for poor or rich people. Not only crypto, but even bitcoin, isn't created to help poor or rich people. It is open for all of them. Those who can improve their economic condition by taking advantage of this opportunity can benefit from crypto; a poor man can benefit from investing, and a rich man can become richer if he invests. If the poor people don't invest here, then how will they become rich? No one can be a gainer without investment. It is not created for people with low incomes, and they can benefit from it without doing anything.

[Supreme Donvic]

I also believe that cryptocurrency was created to help the poor people, I have a lot of friends who have made money from cryptocurrency like they are now very rich this are people who never believed they will become rich in the future but today they are very rich through the help of cryptocurrency and they started it with just a very small amount of money that is used in buying snacks and today they are very rich some even started it with zero amount of money the cryptocurrency that they got that made them rich was through AirDrop they got the cryptocurrency just for free and that is how a lot of people have made money from cryptocurrency there was a time when AirDrop was very serious in Twitter a lot of people were getting money from it.

[JoyMarsha]

Is crypto created to help the poor ?
Yes, it is.

Specifically, Bitcoin is not created to help the poor. It is created for the use of everyone who sees the need for having peer to peer electronic transfer without a middleman, like the way we have with the bank or government, acting as a middleman or being in control of our finances.

Satoshi saw all that, and he thought of giving us Bitcoin, so that we can be in control of our money without bank or government interference. At least succeeded in making us have Bitcoin as a form of censorship resistance to internal and external bodies on how we spend and make our money. We should be thankful for that, which I believe many Bitcoiners are, to be in charge of how they have Bitcoin as a store of value.

[ChocolateBitcoinK]

Bitcoin provides great opportunity to people to improve their financial conditions. We have seen that people who have invested in Bitcoin in its early days of launch and kept it for long duration have got massive profit. Now the price has gone high but we don't how high Bitcoin price will go in coming 10 years and that is biggest reason to invest in Bitcoin right now. If you don't have money to buy one complete Bitcoin then you can follow DCA strategy to buy in chunks and that will also help you in getting good profit over a period of time.

Bitcoin is an open opportunity for all to invest into and benefit from it in future. I have always explain this to my younger brother and friends, some are investing and some don't care about tomorrow but only today which make them turn deaf ears on me. However, that doesn't mean that I'm wrong with what I'm doing. In the next ten years, they will regret it.

Those who do not try to understand you, do not try to explain to them anymore. Everything depends on yourself, on your perspective. Those who want to achieve something good in the future, want financial security and want to build a good financial foundation, they will understand Bitcoin and as a result they will be able to hold Bitcoin. But those who do not care about their future, they will not be able to use any opportunity, even if you bring an opportunity in front of them, they will ignore it and throw it away, and the end result of such people will only be disappointment in the future. so stop thinking about them, think about yourself, personally I am also more worried about myself, I only explain things to those who respect and understand my words. But to those who do not value my words, I do not say anything about anything, I just ignore them.

[JaanusRaim]

And now, in my opinion, this window of opportunity is gradually closing.

Of cause, but it is the natural part of the life circle of every asset.
The time of Bitcoin is over (at least for this crypto era/episode).

[JaanusRaim]

Is crypto created to help the poor ?
Yes, it is.

Specifically, Bitcoin is not created to help the poor. It is created for the use of everyone who sees the need for having peer to peer electronic transfer without a middleman, like the way we have with the bank or government, acting as a middleman or being in control of our finances.

Satoshi saw all that, and he thought of giving us Bitcoin, so that we can be in control of our money without bank or government interference. At least succeeded in making us have Bitcoin as a form of censorship resistance to internal and external bodies on how we spend and make our money. We should be thankful for that, which I believe many Bitcoiners are, to be in charge of how they have Bitcoin as a store of value.

I agree. But this is only a very small fraction of the things crypto has achieved even by now (being only 17 years old that in nothing compared stock markets 500 years) and can achieve in its mature years. Look at for example the John Palmer article "What if Everyone Had Their Own Cryptocurrency?"
https://medium.com/@johncpalmer/what-if-everyone-had-their-own-cryptocurrency-551ea2f9aa1d

Crypto is such a great idea and it is in its early childhood.

To feel that crypto is much "deeper" thing than stock market, just try to replace the word "Cryptocurrency" with the word "Stock":
"What if Everyone Had Their Own Stock?"
Do you feel the difference ?! 

[Powerjumboo]

Is crypto created to help the poor ?
Yes, it is.

Cryptocurrency is not just for the rich, it is for the rich, the poor, the middle class. Those who can take risks in cryptocurrency and invest in good coins for a long time will be successful. If a rich person has a lot of money and is reluctant to invest, then investing will not be helpful for him at all. If you want to invest, you must take risks. Now if a poor person can invest and hold it for a long time and invest in good crypto coins, then of course that poor person will also be very successful. So I would say that cryptocurrency is not just for the rich, but for everyone and for those who can take risks.

[SamReomo]

In addition, bitcoin is not a guaranteed way to get out from poverty and is even a high-risk form of investment, which if invested blindly, a poor investor could end up getting poorer. But if a poor investor seeks for long-term profitability rather than short-term quick source of profits, I should say bitcoin is a perfect investment given that the investor itself knows the high volatility and uncertainty of bitcoin price.

I won't call Bitcoin a high-risk investment because throughout many years it has given profits to investors and thus it's not that high risk type of investment, but surely in any investment there's always some kind of risk and those risks are present in Bitcoin investment as well.

The long-term investors of Bitcoin have made so much profit already that if they don't work the rest of their lives they will still not face any financial issues, but those who start investing in it now and hold that investment for at least a decade from now, they might also be free from financial issues if somehow Bitcoin reaches or crosses $1m to $5m per coin.

[SquallLeonhart]

Is crypto created to help the poor ?
Yes, it is.

No offense, but I disagree with that. Cryptocurrencies were not created to help the poor, and they don't, because cryptocurrencies are not given to everyone for free just like how fiat money is not given to anyone for free unless there is a giveaway or something, or if someone wins a lottery, they get lucky, and when you say they are created to help "the poor", you basically mean all the poor people of the world, and that isn't correct. To get your hands on cryptocurrencies, you need to have some money, and you also need to have the necessary equipment for it because crypto isn't available in physically, so you have to have everything to be able to use it online, and the poor won't have that, to begin with.

I have heard so many people say the same thing, and my answer has always been the same. Cryptocurrencies are just like any other form of money, or assets, that you can buy and then use, and even if they have a volatile value that can go up and down, to actually use that in your favour, like getting profits, you will have to have enough money to firstly buy some, and then you will enjoy the benefits of the assets' volatility, and a poor person won't be able to do that.

[Awaklara]

Is crypto created to help the poor ?

Even though we see a story of a poor person who routinely invests in Bitcoin and then becomes rich and changes their life because of Bitcoin investment profits, I guess not everything is like that.
Bitcoin is designed to make it easier for them to carry out transactions without centralized control. This means only you and the second person you ask to transact are involved. But do not equate Bitcoin with other cryptos.

[Kelward]

If you say that you love crypto I think that it is necessary that you should be specific about the cryptocurrency that you love because there are countless shitcoins in the market and many of them are dead. You can't tell the bag holders if these dead coins that you love cryptocurrency because they will want you to be specific based on the worthless loads that they are carrying. There are only a few cryptocurrencies that are worth mentioning, the rest are scams and trash.

If you tell me that you love Bitcoin then I will listen to you because clearly it is not a scam, it has proven many times to those of us that doubted it that it is indeed a decentralized digital currency and a store of value. Bitcoin is very unique, Satoshi it's creator is anonymous meaning that your Bitcoin is your personal property because you have a total privacy and control over it so far you're holding through a none custodial wallet.

[justdimin]

I won't call Bitcoin a high-risk investment because throughout many years it has given profits to investors and thus it's not that high risk type of investment, but surely in any investment there's always some kind of risk and those risks are present in Bitcoin investment as well.

The long-term investors of Bitcoin have made so much profit already that if they don't work the rest of their lives they will still not face any financial issues, but those who start investing in it now and hold that investment for at least a decade from now, they might also be free from financial issues if somehow Bitcoin reaches or crosses $1m to $5m per coin.

Risk will always be constant when it comes to investing. No matter where we invest, risk always comes as an added package which we can't ignore. Making money has never been that easy so it is understandable about the risks involved with investing. Sometimes, we can make massive profits but sometimes, we might even lose whatever we have. We have to be prepared to face both the sides. If we land in profits, we can always make informed financial decisions to save and utilize the profits for a longer duration. If in case we lose, we can treat that as a learning opportunity to study the markets more deeply.

When it comes to bitcoins, individuals should prepare themselves to hold their orders for a longer duration. This helps mitigate risk and maximize profits while sticking to the market. It is quite difficult but not impossible to make profits for a shorter duration with bitcoins.

[passwordnow]

5) it is exceptionally liquid - it is very easy, fast and cheap to buy/sell cryptos.

It is liquid but this doesn't apply to all crypto. Some coins might not be liquid anymore based on the volume that they have. We know that some of our altcoins are not that good anymore and they're almost dead so, it only applies to the good and top coins.

[FanEagle]

I would beg to differ here. I don't really think cryptos is meant to help the poor. Depends on what type of poor are we talking here. For middle class, yes cryptos might be of some help but for lower class families, they might not even have a clue about cryptos due to the massive market cap making them think this is something meant only for the rich. I would agree to that as cryptos mostly target the wealthy segment where a lot of money can come from. Lower class families would not really make any difference as even if they invest, the amount will always be on a minimum scale.

I don't think poor are ready to take risk here. Cryptos does not guarantee profits and might anytime revert back making them a riskier choice of investment. I think poor are already happy with the banking system so they don't need to make things complicated.

[SamReomo]

When it comes to bitcoins, individuals should prepare themselves to hold their orders for a longer duration. This helps mitigate risk and maximize profits while sticking to the market. It is quite difficult but not impossible to make profits for a shorter duration with bitcoins.

Bitcoin investors make most profit by holding for long term, those investors who begin with high capital might make good profit in short time if market favors them but majority of investors make most profit by holding their investment for long term, at least for a decade or more.

The risk of investing in Bitcoin isn't as high as investing in alt coins but still there're good number of people who invest in alt coins and to be honest they've also made some good profits by doing those kind of investments.

[AprilioMP]

Is crypto created to help the poor ?

As long as it doesn’t involve Bitcoin, it doesn’t seem like the idea of helping the poor is to make them rich by buying cryptocurrency, because not all cryptocurrencies are created to actually help them—they’re designed to make their owners incredibly wealthy. That’s not to say Bitcoin can help people get rich.
Strangely enough, most people still believe that cryptocurrency is a way to get rich quickly.

[michellee]

Crypto is for all people, rich and poor and crypto exists to help those who wants but we see in real life, many people don't want to use crypto and just leave it like that. They just amaze when the price increases but only some of them who join. That is a personal decision to use crypto or not so we can't force them to use it. But crypto is not a way to rich overnight, people should understand this so they will avoid the suspicious offers that promise big profits to them.

[fuguebtc]

If you say that you love crypto I think that it is necessary that you should be specific about the cryptocurrency that you love because there are countless shitcoins in the market and many of them are dead. You can't tell the bag holders if these dead coins that you love cryptocurrency because they will want you to be specific based on the worthless loads that they are carrying. There are only a few cryptocurrencies that are worth mentioning, the rest are scams and trash.

Crypto is a general term used to refer to the entire crypto industry, including Bitcoin and altcoins. Among them, some people invest only in Bitcoin, while others invest in a variety of different cryptocurrencies. Therefore, I see nothing wrong with saying that we are crypto investors or crypto enthusiasts, regardless of what coins make up our portfolio

If you tell me that you love Bitcoin then I will listen to you because clearly it is not a scam, it has proven many times to those of us that doubted it that it is indeed a decentralized digital currency and a store of value. Bitcoin is very unique, Satoshi it's creator is anonymous meaning that your Bitcoin is your personal property because you have a total privacy and control over it so far you're holding through a none custodial wallet.

I believe anyone who decides to enter the market is somewhat aware of this, and it is no secret.

Bitcoin is the best coin, however, it is not the only coin that can generate profit in this market.

[JaanusRaim]

Is crypto created to help the poor ?

As long as it doesn’t involve Bitcoin, it doesn’t seem like the idea of helping the poor is to make them rich by buying cryptocurrency, because not all cryptocurrencies are created to actually help them—they’re designed to make their owners incredibly wealthy. That’s not to say Bitcoin can help people get rich.
Strangely enough, most people still believe that cryptocurrency is a way to get rich quickly.

You (and the vast majority of nowadays people): crypto (except may-be Bitcoin) is is scan, a pump and dump.
I: crypto is the wonderful idea that could replace a stock market and become a 100 trillion usd market cap enterprise with countless number of Bitcoin-like trillion-dollar-cryptos.

May-be we both are as blind men trying to define a elephant - for you elephant is basically as a pillar, for me as a hose 

You touch too short time horizon, I touch too long time horizon.

[Out of mind]

You have shown volatility as an opportunity but that the same volatility also create big risks for many small investors. It takes experience to spot undervaluation and it takes information to understand overvaluation and which is not everyone has equally. So crypto can transfer wealth but it does not always work in favor of the poor. Many times inexperienced people also lose.

Market volatility is an opportunity but not everyone takes risks like this but it can be a cause of loss for new investors or traders. You always have to advance yourself with experience and expertise in trading then it is possible to make a profit but when an inexperienced person does it then it will definitely be risky. Experienced people often face losses while trading crypto so even if you only trade during market volatility it is not profitable. Experienced people also lose their money sometimes due to market volatility, that is why everyone should first know about trading and then enter here.