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#1 2023-06-24 22:33:43

full
Member
Registered: 2023-01-06
Posts: 979

What roles does the poor play in the Cryptocurrecy market?

The cryptocurrency market is still 10-15 years, and there isn't as much research on the roles of poor people in cryptocurrency. Therefore i want to know what you guys think is the role of poor people in the cryptocurrency market.

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#2 2023-06-24 22:54:53

gap
Member
Registered: 2023-06-14
Posts: 1,094

Re: What roles does the poor play in the Cryptocurrecy market?

full;15587 wrote:

The cryptocurrency market is still 10-15 years, and there isn't as much research on the roles of poor people in cryptocurrency. Therefore i want to know what you guys think is the role of poor people in the cryptocurrency market.

Its quite a sophisticated idea to debates on such. and if i may say, the depends on how the crypton is achieve and moreover poor people has a little capital to invest in the trade

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#3 2023-06-24 23:33:35

joanna
Member
Registered: 2023-01-10
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

full;15587 wrote:

The cryptocurrency market is still 10-15 years, and there isn't as much research on the roles of poor people in cryptocurrency. Therefore i want to know what you guys think is the role of poor people in the cryptocurrency market.

Cryptocurrency eliminates the need for a centralized intermediary, like a bank, and offers financial empowerment and inclusivity. People with lower income levels who might not have access to traditional financial institutions find cryptocurrency to be quite appealing due to these features.

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#4 2023-06-24 23:34:01

oba
Member
Registered: 2023-01-13
Posts: 1,814

Re: What roles does the poor play in the Cryptocurrecy market?

joanna;15652 wrote:
full;15587 wrote:

The cryptocurrency market is still 10-15 years, and there isn't as much research on the roles of poor people in cryptocurrency. Therefore i want to know what you guys think is the role of poor people in the cryptocurrency market.

Cryptocurrency eliminates the need for a centralized intermediary, like a bank, and offers financial empowerment and inclusivity. People with lower income levels who might not have access to traditional financial institutions find cryptocurrency to be quite appealing due to these features.

Yes, as an alternative method of receiving and transferring money, cryptocurrencies may thus be used by the poor as early adopters. Besides, it also makes poor people a millionaire overnight.

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#5 2023-06-24 23:34:39

Vastextension
Member
Registered: 2022-11-19
Posts: 1,816

Re: What roles does the poor play in the Cryptocurrecy market?

oba;15653 wrote:
joanna;15652 wrote:
full;15587 wrote:

The cryptocurrency market is still 10-15 years, and there isn't as much research on the roles of poor people in cryptocurrency. Therefore i want to know what you guys think is the role of poor people in the cryptocurrency market.

Cryptocurrency eliminates the need for a centralized intermediary, like a bank, and offers financial empowerment and inclusivity. People with lower income levels who might not have access to traditional financial institutions find cryptocurrency to be quite appealing due to these features.

Yes, as an alternative method of receiving and transferring money, cryptocurrencies may thus be used by the poor as early adopters. Besides, it also makes poor people a millionaire overnight.

Investing in cryptocurrencies is becoming more and more common, and the poor find it easier also as a means for them to find an end. Most poor people are mostly the early adopter of crypto.

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#6 2023-06-24 23:34:57

level
Member
Registered: 2023-01-19
Posts: 1,235

Re: What roles does the poor play in the Cryptocurrecy market?

Vastextension;15654 wrote:
oba;15653 wrote:
joanna;15652 wrote:

Cryptocurrency eliminates the need for a centralized intermediary, like a bank, and offers financial empowerment and inclusivity. People with lower income levels who might not have access to traditional financial institutions find cryptocurrency to be quite appealing due to these features.

Yes, as an alternative method of receiving and transferring money, cryptocurrencies may thus be used by the poor as early adopters. Besides, it also makes poor people a millionaire overnight.

Investing in cryptocurrencies is becoming more and more common, and the poor find it easier also as a means for them to find an end. Most poor people are mostly the early adopter of crypto.

The low initial investment requirements of many cryptocurrencies make them appealing to the underprivileged.

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#7 2023-06-24 23:35:27

joanna
Member
Registered: 2023-01-10
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

level;15655 wrote:
Vastextension;15654 wrote:
oba;15653 wrote:

Yes, as an alternative method of receiving and transferring money, cryptocurrencies may thus be used by the poor as early adopters. Besides, it also makes poor people a millionaire overnight.

Investing in cryptocurrencies is becoming more and more common, and the poor find it easier also as a means for them to find an end. Most poor people are mostly the early adopter of crypto.

The low initial investment requirements of many cryptocurrencies make them appealing to the underprivileged.

People who depend on payments and remittances, including the poor, find cryptocurrencies appealing because they can provide low transaction fees and quick, secure international transactions.

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#8 2023-06-24 23:35:53

oba
Member
Registered: 2023-01-13
Posts: 1,814

Re: What roles does the poor play in the Cryptocurrecy market?

joanna;15656 wrote:
level;15655 wrote:
Vastextension;15654 wrote:

Investing in cryptocurrencies is becoming more and more common, and the poor find it easier also as a means for them to find an end. Most poor people are mostly the early adopter of crypto.

The low initial investment requirements of many cryptocurrencies make them appealing to the underprivileged.

People who depend on payments and remittances, including the poor, find cryptocurrencies appealing because they can provide low transaction fees and quick, secure international transactions.

That's without using middlemen or taking a long time to process, cryptocurrency can be used to send money across international borders.

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#9 2023-06-24 23:36:42

Vastextension
Member
Registered: 2022-11-19
Posts: 1,816

Re: What roles does the poor play in the Cryptocurrecy market?

oba;15657 wrote:
joanna;15656 wrote:
level;15655 wrote:

The low initial investment requirements of many cryptocurrencies make them appealing to the underprivileged.

People who depend on payments and remittances, including the poor, find cryptocurrencies appealing because they can provide low transaction fees and quick, secure international transactions.

That's without using middlemen or taking a long time to process, cryptocurrency can be used to send money across international borders.

Cryptocurrency technology is decentralized, no single entity has control over how the network operates. People who may have experienced exclusion from conventional financial institutions or government control over their finances may find this decentralization appealing.

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#10 2023-06-24 23:37:10

joanna
Member
Registered: 2023-01-10
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

Vastextension;15658 wrote:
oba;15657 wrote:
joanna;15656 wrote:

People who depend on payments and remittances, including the poor, find cryptocurrencies appealing because they can provide low transaction fees and quick, secure international transactions.

That's without using middlemen or taking a long time to process, cryptocurrency can be used to send money across international borders.

Cryptocurrency technology is decentralized, no single entity has control over how the network operates. People who may have experienced exclusion from conventional financial institutions or government control over their finances may find this decentralization appealing.

Additionally, some protection from inflation, which disproportionately hurts those with lower income levels, is offered by this decentralization.

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#11 2023-06-24 23:38:04

Vastextension
Member
Registered: 2022-11-19
Posts: 1,816

Re: What roles does the poor play in the Cryptocurrecy market?

joanna;15659 wrote:
Vastextension;15658 wrote:
oba;15657 wrote:

That's without using middlemen or taking a long time to process, cryptocurrency can be used to send money across international borders.

Cryptocurrency technology is decentralized, no single entity has control over how the network operates. People who may have experienced exclusion from conventional financial institutions or government control over their finances may find this decentralization appealing.

Additionally, some protection from inflation, which disproportionately hurts those with lower income levels, is offered by this decentralization.

In general, cryptocurrency can offer opportunities for the poor to increase their financial independence, access to new investment opportunities, and financial control.

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#12 2023-06-24 23:38:58

joanna
Member
Registered: 2023-01-10
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

Vastextension;15660 wrote:
joanna;15659 wrote:
Vastextension;15658 wrote:

Cryptocurrency technology is decentralized, no single entity has control over how the network operates. People who may have experienced exclusion from conventional financial institutions or government control over their finances may find this decentralization appealing.

Additionally, some protection from inflation, which disproportionately hurts those with lower income levels, is offered by this decentralization.

In general, cryptocurrency can offer opportunities for the poor to increase their financial independence, access to new investment opportunities, and financial control.

However, as with all investments, it's crucial for those with limited financial resources to approach cryptocurrency investments cautiously, do their research, and only invest what they can afford to lose.

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#13 2023-06-25 07:45:59

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,545

Re: What roles does the poor play in the Cryptocurrecy market?

joanna;15661 wrote:
Vastextension;15660 wrote:
joanna;15659 wrote:

Additionally, some protection from inflation, which disproportionately hurts those with lower income levels, is offered by this decentralization.

In general, cryptocurrency can offer opportunities for the poor to increase their financial independence, access to new investment opportunities, and financial control.

However, as with all investments, it's crucial for those with limited financial resources to approach cryptocurrency investments cautiously, do their research, and only invest what they can afford to lose.

Without making it anymore difficult, i guess you  have nailed the point. Investments have such an crucial decision to be make by individual before undergoing the process of investing.

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#14 2023-06-25 18:43:47

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What roles does the poor play in the Cryptocurrecy market?

I don’t know if the poor has any role to play in cryptocurrencies, if a person is poor and also comes from a very poor country, they may not have any money or time to use or buy crypto, the only money they will have is what they use to eat, so that is why crypto grows faster in richer countries than poorer ones.

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#15 2023-06-25 18:45:23

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,784

Re: What roles does the poor play in the Cryptocurrecy market?

What role does the poor play in real estate? Really I don't see how this is even a topic of conversation the poor has little to no role right now.

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#16 2023-06-25 21:44:44

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

Think the poor have a say in the economy of the nation. First of all, they also pay tax just as the rich which is used to generate the nation's income.

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#17 2023-06-26 19:18:44

Detroit
Member
Registered: 2022-12-27
Posts: 1,391

Re: What roles does the poor play in the Cryptocurrecy market?

At the societal level, high poverty rates can be a damper on economic growth and be associated with problems like crime, unemployment, urban decay, education, and inequality.

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#18 2023-06-26 19:27:11

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,475

Re: What roles does the poor play in the Cryptocurrecy market?

CrytoCynthia;15755 wrote:

Think the poor have a say in the economy of the nation. First of all, they also pay tax just as the rich which is used to generate the nation's income.

In reality the rich do not pay as much taxes as the poor do cause they have designed a system to avoid it by using other people's money, mostly the banks' money and avoid it through some other clever means.

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#19 2023-06-26 19:59:09

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,179

Re: What roles does the poor play in the Cryptocurrecy market?

Lanistergame2;15962 wrote:

<div class="quotebox"><cite>CrytoCynthia;15755 wrote:</cite><blockquote><div><p>Think the poor have a say in the economy of the nation. First of all, they also pay tax just as the rich which is used to generate the nation&#039;s income.</p></div></blockquote></div><p>In reality the rich do not pay as much taxes as the poor do cause they have designed a system to avoid it by using other people&#039;s money, mostly the banks&#039; money and avoid it through some other clever means.</p>

Truth,  that is one thing the poor do not know about. They pay for the needs of the rich and the government. That's why the saying ' the rich keep getting rich and the poor get poorer " quite still stands till today.

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#20 2023-06-28 21:58:06

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: What roles does the poor play in the Cryptocurrecy market?

I do not think poor people have any defined role in the crypto market at all. They have very limited purchasing power and would only make up a small minority of the entire coins in circulation. Collectively they can pull a higher purchasing power but not everyone is interested in cryptocurrency.

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#21 2023-06-28 23:09:29

Europ
Member
Registered: 2023-05-23
Posts: 1,360

Re: What roles does the poor play in the Cryptocurrecy market?

PEACEMAKER;16434 wrote:

I do not think poor people have any defined role in the crypto market at all. They have very limited purchasing power and would only make up a small minority of the entire coins in circulation. Collectively they can pull a higher purchasing power but not everyone is interested in cryptocurrency.

Well i would say those that invest a little makes the loudest noise the most system of investment and contribution.  Its actually a psychological way of human behavior.

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#22 2023-06-28 23:13:12

Europ
Member
Registered: 2023-05-23
Posts: 1,360

Re: What roles does the poor play in the Cryptocurrecy market?

Europ;16493 wrote:

<div class="quotebox"><cite>PEACEMAKER;16434 wrote:</cite><blockquote><div><p>I do not think poor people have any defined role in the crypto market at all. They have very limited purchasing power and would only make up a small minority of the entire coins in circulation. Collectively they can pull a higher purchasing power but not everyone is interested in cryptocurrency.</p></div></blockquote></div><p>Well i would say those that invest a little makes the loudest noise the most system of investment and contribution.&#160; Its actually a psychological way of human behavior.</p>

In addition those with the average and full bags coins can only get to make noise/advertise unless if the job is appointed to them as duty. Its only get more louder when the capital as duty comes in huge wages.

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#23 2023-06-29 16:54:06

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What roles does the poor play in the Cryptocurrecy market?

KAMSI_UG;15705 wrote:

What role does the poor play in real estate? Really I don't see how this is even a topic of conversation the poor has little to no role right now.

They have no role to play because they do not have any money, without money you cannot own an asset or invest in crypto or Real estate, without money you will not have the opportunity to get the most out of life. The poor just have to find a way to get money, and after that they can now look for investments.

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#24 2023-06-29 17:28:25

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,475

Re: What roles does the poor play in the Cryptocurrecy market?

Europ;16493 wrote:

Well i would say those that invest a little makes the loudest noise the most system of investment and contribution. Its actually a psychological way of human behavior.

The reverse seems to be the case in the crypto sector. There is no platform for average users to let their voices be heard, but investors like Elon Musk can use their online influence to try and manipulate the price of different crypto coins.
This does not mean your analogy is not accurate in other sectors.

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#25 2023-06-29 19:52:28

Detroit
Member
Registered: 2022-12-27
Posts: 1,391

Re: What roles does the poor play in the Cryptocurrecy market?

Elon Musk's tweets have had a big impact on the cryptocurrency market. When Musk tweets about a cryptocurrency, the value of that cryptocurrency is prone to change.

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