Post
Topic
Board Economics
Re: Does Bitcoin Help The Poor
by
jostorres
on 24/01/2021, 07:45:12 UTC
Bitcoin helps everyone, the same things you have listed here that it is doing for the poor is the same that it does for the rich, no difference. Bitcoin helps the poor, I think people needs to understand that it is different from saying that it makes the poor rich, because I see some people who keeps saying that Bitcoin makes the poor rich, which isn’t really true.

Of course, it can make the poor rich, but how many of the poor people out there can invest the little money they have and leave it there for long till the price goes up? I have seen stories of some people that tried investing in Bitcoin, but they couldn’t wait for long before selling those coins to solve their daily needs, and after they have sold the coins the price will go up. So it’s never easy, they still have to work.