Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
makrospex
on 21/09/2019, 20:24:10 UTC
⭐ Merited by vapourminer (1)

It is like, the more poorer you are, the longer you stay poor.


bingo

I would not say so. I could go flat out broke today and I would still have skills, experience, character and a university degree. So compared to someone without any education or experience, relativistically speaking, I'd be back on my feet much sooner. $0 in my pockets would be a short-lived inconvenience, at most.

It's statistically proven, that people who gain the most profit on earth are also the wealthiest ones.
Poor people have many times less chances to make profit, because they have to spend all their money for basic needs (food, home, mobility).
There's just nothing left to invest.

What you say is true, makrospex; however, we don't participate in threads like this in order to emphasize some kind of inevitability in our station (however humble our station might be), right?

Wouldn't you conclude that BTC provides many more options to many more peeps, in terms of investment opportunities than other traditional avenues of investment?

Of course, no one here should be suggesting that peeps not food and shelter themselves prior to investing, yet if anyone wants to attempt to improve their lot in life, they should be attempting to make some efforts, even if that is ONLY the ability to muster up $5 per month to invest in bitcoin.  In the long run, if they can hold and build their investment for at least 5 years, they are going to likely profit from such investment into BTC strategy, even if what they are able to successfully carry out is merely a very modest investment strategy.  Right?

When you look at the past of Bitcoin, yes. And you can expect continuation, yes.
Remember, we're geeks (at least i am), but the majority of the poor is fighting to survive each day. Nobody of these people have the tools and abilities to gain knowledge about and also to aquire bitcoins. Neither they have the education to understand or gain access to knowledge. When you'd give most people a paper wallet with a coin in it, they would laugh at you and yell that the paper can't buy food for them.
The power of Fiat. I doubt anything can break it, in near-future terms.
In Africa, most poor elevated their wealth just because of CELLPHONES and this trend continues. I consider this at least the start of possibilities to bring bitcoin to (former) poor people.


EDIT:
Maybe i'm way off topic, it's somehow hard to stay focused today, for various exhausting reasons. It's also harder for me to "think english", possibly my post doesn't make any sense in regard of the current discussion. Back to read-only mode for today...