Post
Topic
Board Bitcoin Discussion
Re: Farmer's Bitcoin Investment
by
taufik123
on 24/07/2023, 23:57:21 UTC
Although that's most likely the situation that many of them probably haven't heard of what Bitcoin is and whether it is an investment or something they'll benefit in the future. I'm giving that idea that there could be a very few of them that's aware of its existence since I'm also going into places like remote areas and farms and there's connectivity to those areas that I've been. But you are right about that it's unlikely that many of them will dive into this investment especially if that's all that they've got during the harvest time.
Traditional farmers are still sticking to the traditional economic axis and are still not interested in investments such as Bitcoin or some crypto projects that are specifically for farmers.
We as active crypto users are certainly aware of this, it is not easy for them to accept new investments because there is no guarantee, and high risks that will arise.

But if you look at modern farmers who already understand the latest technology and how to manage their finances, they might be interested.
This can be done gradually following how crypto develops in each country, because of the constraints of regulations that will be different.

-snip-
Bitcoin is considered riskier than other investments because of its volatility in price and not more established like traditional investment.
This is a problem that holds everything back, but if there is no clear understanding of how the risk occurs.
Then they will only assume that the risk is very large and there is no profit to be gained.

Behind the risk, of course, there are advantages that can make the farmer's investment grow.
It is necessary to do some research so that crypto investment is suitable for farmers or other business people.