Why I love crypto ?

[Adams0001]

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.

Not everyone will see the benefits of bitcoin investment is still they start it that us when they can see the rewards at the long time but now even you try to explain to them not everyone can have the interest to invest the way you have the believe that you will be profitable. In bitcoin they don't force anyone to start investing in bitcoin, when they have interest they will make research by there self without even asking you about it.

Since you have shown them love by telling your brothers to invest and they didn't show any interest to do, just leave them and continue getting your benefits when he comes they will later understand that you're tying to help them before.  Because the way someone is seeing funds they don't plan to invest in anything they don't know nothing last forever they always get time that things won't work out the way you need, but then you plan an invest in many places you can get balance and cool.

[Jatiluhung]

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

Well, at least there are quite a few people who started out as ordinary folks but later managed to turn their lives around and become quite wealthy. take, for example, those who acquired Bitcoin in the early days and inadvertently held onto it for the long term; when they finally reopened their Bitcoin wallets after all that time, they reaped enormous profits that truly transformed their lives.

But not all cryptocurrencies are helpful. Because there are also many types that actually lead to the opposite outcome. As we’ve seen with many altcoins. But when it comes to freedom, I prefer to apply that term only to Bitcoin. Because only Bitcoin is truly decentralized.

[ndutndut]

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.

A slightly incorrect mindset about crypto can lead to different goals. Crypto especially Bitcoin can make you rich, but it's not a way to get rich quick. These are similar phrases, but they have different meanings. That's why the right mindset must be instilled from the start. If you view crypto as a way to get rich quick you'll only experience destruction. But if you view crypto as a way to develop assets for the future then you're right, because many people even the poor, have become wealthy after learning about crypto.

Secondly there are options for investing in crypto. You can use capital or you can get it for free by participating in airdrops or testnets and many others. So, when you receive rewards from airdrops, you can buy Bitcoin. Essentially, in the world of crypto, you can achieve anything as long as you continue to learn and deepen your knowledge of crypto and the path is open. I personally prefer investing in crypto over other investments like stocks and gold.

[henmark]

Not everyone will see the benefits of bitcoin investment is still they start it that us when they can see the rewards at the long time but now even you try to explain to them not everyone can have the interest to invest the way you have the believe that you will be profitable. In bitcoin they don't force anyone to start investing in bitcoin, when they have interest they will make research by there self without even asking you about it.

Since you have shown them love by telling your brothers to invest and they didn't show any interest to do, just leave them and continue getting your benefits when he comes they will later understand that you're tying to help them before.  Because the way someone is seeing funds they don't plan to invest in anything they don't know nothing last forever they always get time that things won't work out the way you need, but then you plan an invest in many places you can get balance and cool.

I wouldn't even recommend anyone asking others to make investments in Bitcoin or cryptocurrencies unless they show interest themselves, because if you suggest this to them and they make investments, but then if the market starts going down, they panic and sell their coins at a loss thinking that they are losing money, they are going to blame you for their losses since you were the one who suggested that they make investments to make money. People with zero knowledge are difficult to handle, and I wouldn't bother going through all of that and let them do whatever they want with their money.

There is no doubt that eventually, every person will understand and realize that they could make some money if they were to invest in Bitcoin earlier, and then they will start doing it but profits won't be the same in the future, because as we move into the future, the volatility of Bitcoin will keep getting lower as its value keeps going higher, which means that if now we can buy Bitcoin at $50k and sell it at $200k in the next bull run, for example, we won't be able to have the same $50k price in the future, even if the ATH keep getting higher, the bottom price will also keep going higher over time.

[alastantiger]

Well, at least there are quite a few people who started out as ordinary folks but later managed to turn their lives around and become quite wealthy. take, for example, those who acquired Bitcoin in the early days and inadvertently held onto it for the long term; when they finally reopened their Bitcoin wallets after all that time, they reaped enormous profits that truly transformed their lives.

But not all cryptocurrencies are helpful. Because there are also many types that actually lead to the opposite outcome. As we’ve seen with many altcoins. But when it comes to freedom, I prefer to apply that term only to Bitcoin. Because only Bitcoin is truly decentralized.

I won't call the early investors in Bitcoin lucky but I will say they are people that strategically invested in Bitcoin and now they are benefiting from the investment they made when every other person ignored Bitcoin. Bitcoin was not silent when it was launched it was all over the internet as the early investors can see it that the signs were everywhere and then Bitcoin were being given up for free but many people just ignore it because they thought it would be another internet failed project that will just die. But today that story is different and for those that stayed with Bitcoin they are now benefitting from the decision they made. There can be many reasons why you love Bitcoin one of the reasons why I love Bitcoin is because it gives you the opportunity to make a profit it does not matter if the price is this high right now but you can still make a profit because they are higher chance that the price can double.

[Mame89]

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.

In essence crypto especially Bitcoin, wasn't created to help the poor, but rather to enable all groups to achieve financial freedom. Furthermore, Bitcoin is more transparent, censorship resistant and inflation-fighting. The decentralized nature of Bitcoin indirectly benefits all of us including the poor by enabling us to achieve freedom through responsible investment. I would also like to complement your last statement simply being willing to take risks isn't enough, they need to be accompanied by adequate knowledge.

The OP first point is also valid. If we truly utilize all the information and knowledge about crypto we can obtain initial capital for free through lottery events, airdrops and even through this forum by participating in signature campaigns. I understand why the OP said crypto is for the poor, perhaps because it's possible to obtain free capital, but not everyone has the necessary knowledge. They still need initial capital to be able to invest in crypto for the long term so they can get benefits for their lives with krito.

[FanEagle]

In essence crypto especially Bitcoin, wasn't created to help the poor, but rather to enable all groups to achieve financial freedom. Furthermore, Bitcoin is more transparent, censorship resistant and inflation-fighting. The decentralized nature of Bitcoin indirectly benefits all of us including the poor by enabling us to achieve freedom through responsible investment. I would also like to complement your last statement simply being willing to take risks isn't enough, they need to be accompanied by adequate knowledge.

The OP first point is also valid. If we truly utilize all the information and knowledge about crypto we can obtain initial capital for free through lottery events, airdrops and even through this forum by participating in signature campaigns. I understand why the OP said crypto is for the poor, perhaps because it's possible to obtain free capital, but not everyone has the necessary knowledge. They still need initial capital to be able to invest in crypto for the long term so they can get benefits for their lives with krito.

I wouldn't say "financial freedom" because that sounds like it would make us rich, the goal was not to make us rich. The freedom in this case is to make sure that we are using something decentralized, and free from all the banks and central banks and government outreach etc. Because lets face it, they could print trillions and ruin what we have anyways.

There was am omen in covid period, where everyone who saved some money aside, saw their money value erode over a year and couldn't do anything about it. Bitcoin did not, it did very well during that time. So that is why freedom in the sense that financial gain was not the goal, it is the fact that bitcoin can't be controlled by any people or organization or government.

[Odusko]

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

Well, at least there are quite a few people who started out as ordinary folks but later managed to turn their lives around and become quite wealthy. take, for example, those who acquired Bitcoin in the early days and inadvertently held onto it for the long term; when they finally reopened their Bitcoin wallets after all that time, they reaped enormous profits that truly transformed their lives.

But not all cryptocurrencies are helpful. Because there are also many types that actually lead to the opposite outcome. As we’ve seen with many altcoins. But when it comes to freedom, I prefer to apply that term only to Bitcoin. Because only Bitcoin is truly decentralized.

Sure cryptocurrency investment give the poor Same leverage as the rich, but the one thing is the starting capital, there is no free money anywhere in the crypto industry, the market is made up of winners and losers, so for that reason it requires smartness and hard-working determination to build wealth or through riches through crypto, as much as that is, we know that, freedom and decentralisation comes with it own cost and not free as the ops made it sounds.

[Webetcoins]

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.

Maybe we can only say that the poor have less money, which hinders them to take a risk. Good thing it is not always true, since I already witness many poor people or poor country that are eager to learn and do the hard work and slowly attaining success in investment and long term trading.

Level of experience and information cannot be same to everyone which is the key why we cannot predict the success in trading. Still, anyone can trade but cannot have it as a wealth creating source.

[DanWalker]

Sure cryptocurrency investment give the poor Same leverage as the rich, but the one thing is the starting capital, there is no free money anywhere in the crypto industry, the market is made up of winners and losers, so for that reason it requires smartness and hard-working determination to build wealth or through riches through crypto, as much as that is, we know that, freedom and decentralisation comes with it own cost and not free as the ops made it sounds.

Nothing is completely free in the crypto industry. But you have to admit that it create and offers more opportunities than any other financial market.

Years ago, many people could easily make money from airdrop, faucet, bounties...and what everyone need to do is take the time to participate and complete simple tasks to promote the project. Such opportunities are virtually nonexistent in traditional market.

Unfortunately, those opportunities no longer exist in this period. To participate in today's market, we need money.

[bitgolden]

Making it a levelled playing field is the number reason for most peoples love for crypto. It's global, it's for everyone, doesn't matter if you are in a 250 million dollar penthouse in New York, or a tribal village in Africa.

For all of us, a 10% increase is a 10% increase and while a dude with 100 million could make 10 million profit off that, it would mean the same thing to someone who has 100 dollars and make 10 dollars. This is why the feeling if equality is the reason we are all in love with it.

[puloweh555]

Making it a levelled playing field is the number reason for most peoples love for crypto. It's global, it's for everyone, doesn't matter if you are in a 250 million dollar penthouse in New York, or a tribal village in Africa.

For all of us, a 10% increase is a 10% increase and while a dude with 100 million could make 10 million profit off that, it would mean the same thing to someone who has 100 dollars and make 10 dollars. This is why the feeling if equality is the reason we are all in love with it.

Yes, that's right. As you might imagine crypto is global and can be transferred anytime anywhere especially since its basic philosophy is that it's money belonging to the people and for the people. Furthermore, it's true that many people like crypto precisely because it has an inherent principle of equality, which makes it attractive, especially for those skeptical of the traditional centralized financial system which is often considered bad and unfair.

Ease of access is also what makes crypto so popular. Anyone with a smartphone and internet access can get involved in the crypto world. Whether you live in a remote village or a city or in a developed or developing country as long as you have a connection, you can send, receive, hold or invest in crypto.

[Zanab247]

For you to come up with those points show that you are ready to use what you can afford to trade, because you know that crypto is different from other fiat money and if you calculate the market price very well it will be hard for you to lose in crypto trading because you know when to trade to make good profit. Once you see the profit coming from your trading it will make you to love crypto but when you see losses coming you will still love crypto, because you know that the price will not remain low forever.

No matter how you love crypto ensure you have other sources of income, and it will help you to hodl your crypto for long years and it will create opportunity for you to earn massive profits from crypto trading.

[Rabata]

People generally have some misconceptions about cryptocurrency. Some people think that it is a get rich scheme for the poor, but in reality, it can be a cause of harm for those who do not have a good idea about cryptocurrency or Bitcoin. If those who do not understand Bitcoin and invest in this platform, their chances of loss will increase. There are some who think that after getting free crypto, they will get rich with all those cryptos, but even then the chances of being wrong are very high because free cryptos will not always be valuable. Even if you get some assets for free from some projects, most of the time they are worthless. So based on this idea, if the poor want to get rich, they will never be rich. No one can predict the crypto market with certainty. The more skills and experience someone has, the more likely they are to get positive results, but the chances of those who do not have knowledge there will be high possibility loss.

[JaanusRaim]

I had a dream that crypto is like playing chess but not at the 8x8 two-dimensional chessboard but in the 1 000 000x1 000 000x1 000 000 three-dimensional chessboard ("chesscube"). And all the chess pieces are given for free if you have patience to wait 

What else do you want ?!

[Rengga Jati]

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

Actually, there are two points that are actually contradictory.
- Crypto can help the poor improve their finances
- Crypto may also make someone much poorer

The bottom line is:

how they enter, treat, and implement their crypto activities and prepare for them. If they enter the crypto space because of FOMO (Focus on something hyped) and don't learn at all, they will suffer financial hardship,

vice versa

[Achalugo BTC]

People generally have some misconceptions about cryptocurrency. Some people think that it is a get rich scheme for the poor, but in reality, it can be a cause of harm for those who do not have a good idea about cryptocurrency or Bitcoin. If those who do not understand Bitcoin and invest in this platform, their chances of loss will increase. There are some who think that after getting free crypto, they will get rich with all those cryptos, but even then the chances of being wrong are very high because free cryptos will not always be valuable. Even if you get some assets for free from some projects, most of the time they are worthless. So based on this idea, if the poor want to get rich, they will never be rich. No one can predict the crypto market with certainty. The more skills and experience someone has, the more likely they are to get positive results, but the chances of those who do not have knowledge there will be high possibility loss.

Actually, cryptocurrency is not for quick profit, especially Bitcoin investment. But people have that mentality that anything that concerns cryptocurrency is a guide or means to get quick rich and this has made them to forget the essential parts of cryptocurrency, which they are to learn as they start with the idea that they will never neglect the power of research and get to know the particular crypto they want to invest into.

[free-bit.co.in]

Actually, cryptocurrency is not for quick profit, especially Bitcoin investment. But people have that mentality that anything that concerns cryptocurrency is a guide or means to get quick rich and this has made them to forget the essential parts of cryptocurrency, which they are to learn as they start with the idea that they will never neglect the power of research and get to know the particular crypto they want to invest into.

Actually, crypto is for quick profit, and that's why we chose it over stock or gold. If you compare the return on investment and the time it takes to generate profit with other financial market, crypto is much faster. However, this is not a tool that will make us rich overnight, as many people mistakenly believe. It takes time and will take a certain amount of time.

In addition, people need to realize that everything has a price. If they want to get rich quickly, the price they have to pay will not be cheap.

[Achalugo BTC]

Actually, crypto is for quick profit, and that's why we chose it over stock or gold. If you compare the return on investment and the time it takes to generate profit with other financial market, crypto is much faster. However, this is not a tool that will make us rich overnight, as many people mistakenly believe. It takes time and will take a certain amount of time.

In addition, people need to realize that everything has a price. If they want to get rich quickly, the price they have to pay will not be cheap.

I disagree. Crypto not being or taking as long as gold or stock really doesn't mean we call it fast or a get rich quick investment, in fact you would only be sounding misleading, especially to newbies, and I'm pretty sure that that isn't your intentions. Reaching a state of over accumulation in bitcoin should take around a period of at least 5-10 years which is basically around 1 to 2 cycles, and you can't call such timeline quick.

[Smack That Ace]

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

Actually, there are two points that are actually contradictory.
- Crypto can help the poor improve their finances
- Crypto may also make someone much poorer

The bottom line is:

how they enter, treat, and implement their crypto activities and prepare for them. If they enter the crypto space because of FOMO (Focus on something hyped) and don't learn at all, they will suffer financial hardship,

vice versa

We do not need to overcomplicate this. Crypto and Bitcoin are just financial market like any other financial market, or to put it more simply, they are financial instruments. Like any other market, they create an environment that bring both opportunities and risks. Profit or loss, wealth or poverty, all depend on your own knowledge and decision.

Or in other word, the problem was never the tool, it is the person holding it.