Bitcoin Economic Advantage | Bitcointalksearch.org

LUCKMCFLY

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Quote from: BIN-BIN on December 27, 2021, 04:14:31 AM

Bitcoin gives us economic freedom and independence at every level of adoption Bitcoin also serve as an alternative to centralized currencies, take countries that have already adopted Bitcoin e.g El Salvador their economy will boost if Bitcoin goes mainstream in the future.

Yes, you have just hit the nail on the head, Bitcoin in El Salvador has been the life saver of the country, in fact President Bukele has been buying more BTC in the dip that occurs in the price, if investors of this style enter it is hardly likely to see At the lowest price BTC, this brings a lot of progress, it is the first country that is teaching everyone in the matter of BTC globally.

Neither the European countries nor the USA are at the level of El Salvador, because this country did not take into account what the news say, much less what the traditional BTC economists say, this is a lesson for the world.

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Quote from: redsun114 on December 30, 2021, 04:00:00 PM

Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

Yes, it does help a lot of people but it is not everyone if we are going to say the truth. There are those people who it favors and there are also those that it doesn’t favor at all. And also bitcoin is not like the solution to the problem with our economy. Do you think that if the government of your country continues to be with their behavior of stealing from the society that they are leading, do you think that the country would get any better? The truth is a NO. And bitcoin is not going to fix the problem of your leaders laundering the country’s pulse and not carrying out their duties as leaders. It’s still up to the citizens to do what is right, by voting out the bad leaders and also standing up for themselves by defending what is right.

To be fair bitcoin was never supposed to do any of that, bitcoin is money and as money bitcoin is fantastic but it was never intended to fix any kind of big political issue, as such it is up to each person to take the best decisions they can which harbor them the greatest benefit, this is why we see so many people that despite being invested in this market lose their money while only a minority does so, despite the fact that the overall trend of this market is up.

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Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

Yes, it does help a lot of people but it is not everyone if we are going to say the truth. There are those people who it favors and there are also those that it doesn’t favor at all. And also bitcoin is not like the solution to the problem with our economy. Do you think that if the government of your country continues to be with their behavior of stealing from the society that they are leading, do you think that the country would get any better? The truth is a NO. And bitcoin is not going to fix the problem of your leaders laundering the country’s pulse and not carrying out their duties as leaders. It’s still up to the citizens to do what is right, by voting out the bad leaders and also standing up for themselves by defending what is right.

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Quote from: BIN-BIN on December 27, 2021, 04:14:31 AM

Bitcoin gives us economic freedom and independence at every level of adoption Bitcoin also serve as an alternative to centralized currencies, take countries that have already adopted Bitcoin e.g El Salvador their economy will boost if Bitcoin goes mainstream in the future.

What el salvador did is a step to advance their economy and release the country dependence on the american dollar, in today modern era of course a digital-based economy is one of the must that we must follow and I think bitcoin is an absolute example of progress In that era, besides that, the fluctuating nature of bitcoin is certainly very promising for big profits that we can only get from the investments we make.

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Quote from: Silberman on December 29, 2021, 01:54:53 PM

A very common problem is that people do not understand the concept of letting your money work for you, they understand working by themselves because this is something that they have been doing during all their lives, but it is something difficult for them to accept the concept of investing and then earning money without doing anything, it is natural that it seems like a scam to them, which is why it is important to suggest them to read as much as they can and understand why something like investing for the long term in bitcoin can bring great profits.

That's because people don't have the mindset of a millionaire. If they did, they would understand the concept of "earning money without doing anything". It's much easier to build a passive income system that will work for you over time using Bitcoin and other cryptocurrencies than stocks themselves. The best part is that the unbanked can gain access to Bitcoin without the need for ID verification or credit checks of any kind (only if decentralized exchanges are used). Those who "hodl" cryptocurrencies have a greater economic advantage than those who not. Fiat's inflation rate keeps rising at a fast pace, so it should only be a matter of time before we see a new wave of Bitcoin millionaires.

Some people already made their fortune with Bitcoin, thanks how fast the market's been growing over the past years. You can get there if you play your cards right. It's never late to get into Bitcoin, so if you get in now, you'll be on a road towards financial success. Just my opinion

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Quote from: tulusikhlas on December 26, 2021, 11:42:29 PM

Quote from: ?? on ??

in my place, there is two thing that be destination for unemployment. mostly they are be online driver, or online reseller, and the last they will go to crypto. but, if you dont know what crypto is, they will go to the first job. basically, there are many trigger to reach crypto, not only by study alone, also bring by friend or the other person. crypto user will stay on this 'job' because they know how great to manage time with big profit, but dont forget if skill needed to improve your performance.

Agreed, but very few know about crypto. Some people see real work as more convincing than investing or trading cryptocurrencies. Even though they don't know what the benefits will be when we do it. I think the social environment also influences the stigma.

A very common problem is that people do not understand the concept of letting your money work for you, they understand working by themselves because this is something that they have been doing during all their lives, but it is something difficult for them to accept the concept of investing and then earning money without doing anything, it is natural that it seems like a scam to them, which is why it is important to suggest them to read as much as they can and understand why something like investing for the long term in bitcoin can bring great profits.

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Bitcoin is a high currency and has been adopted by economically disadvantaged countries. all currencies of these countries are subject to inflation, so the government accepts Bitcoin as a new currency and not only the national currency also accepts it as one bitcoin crypto and This is the main crypto that I recognize as the highest in the whole currency, and People are more willing to trust Bitcoin because it is acceptable and has no control over the country’s economies.

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Quote from: Abiky on December 28, 2021, 09:55:06 AM

Of course, merchant adoption for BTC is limited compared to Fiat. But that's bound to change as more people recognize Bitcoin's benefits. Who knows how the mainstream economy will look like in the future? Just my thoughts Grin

Inflation conditions will always occur in the fiat system. An economic system formed with fiat must recognize the time value of money which is based on the inflation rate. How inflation must be maintained and should not be in conditions that are too low or high. If it is low, there will be no economic growth, while if it is significantly higher then the money will start to be worthless. This may be one of the factors in the presence of BTC, and if it is said to provide financial freedom it doesn't seem entirely true because there are still many who experience losses after the BTC price crash and they immediately sell it.

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Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

In a world where inflation is on the rise, Bitcoin holders gain a huge "economic advantage" over those relying on the Fiat system. The more money is printed, the higher your purchasing power in Bitcoin will be. Using Bitcoin really gives you economic and financial independence. Some people already became wealthy as they invested into Bitcoin early. You still have the opportunity to become filthy rich since crypto is still in its early days. Once hyperinflation takes over the world, Bitcoin will be worth a lot more than what it is right now.

Of course, merchant adoption for BTC is limited compared to Fiat. But that's bound to change as more people recognize Bitcoin's benefits. Who knows how the mainstream economy will look like in the future? Just my thoughts Grin

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Quote from: Desmong on December 27, 2021, 03:03:50 PM

Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

Bitcoin is an online peer to peer currency which is used for daily transactions and it's an opportunity for people within your region to see the need to jump into Bitcoin investment and trading because it will help the youth to make money without going out for a physical job that could be mostly frustrating. Bitcoin should serve as an economic advantage for people in your region.

it would be very good but indeed I feel the problem is still the same as in my country which I currently live in, namely their distrust of something new.
Although it's a pretty good thing to be careful, but to remind and invite in things like this is already quite, very difficult even though we have seen real evidence there.

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Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

Bitcoin is an online peer to peer currency which is used for daily transactions and it's an opportunity for people within your region to see the need to jump into Bitcoin investment and trading because it will help the youth to make money without going out for a physical job that could be mostly frustrating. Bitcoin should serve as an economic advantage for people in your region.

BIN-BIN

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Bitcoin gives us economic freedom and independence at every level of adoption Bitcoin also serve as an alternative to centralized currencies, take countries that have already adopted Bitcoin e.g El Salvador their economy will boost if Bitcoin goes mainstream in the future.

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Quote from: savetheFORUM on December 26, 2021, 01:58:29 PM

I wish you must work on convincing more people by showing your success level to adopt bitcoin so that bitcoin will grow stronger which will again getting you another level of success regardless of where your country will be heading.

I guess only less than 1% of people are bothering about explaining the real potential of adopting bitcoin by showing the real time example from their own life. Bitcoin is not directly getting us any benefits for making a new person to adopt bitcoin, which must be the only reason why people are rarely doing so.

Quote from: savetheFORUM on December 26, 2021, 01:58:29 PM

I am always into that because when we share about our success regarding bitcoin adoption then definitely it will multiply the magnitude of success recursively.

If it will be too good if you mind to share about your working process as it might help many people on where to start and how to start. I am must be one of them who wish to spread words on bitcoin but due to various reasons I keep on delaying that.

tulusikhlas

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Quote from: ?? on ??

in my place, there is two thing that be destination for unemployment. mostly they are be online driver, or online reseller, and the last they will go to crypto. but, if you dont know what crypto is, they will go to the first job. basically, there are many trigger to reach crypto, not only by study alone, also bring by friend or the other person. crypto user will stay on this 'job' because they know how great to manage time with big profit, but dont forget if skill needed to improve your performance.

Agreed, but very few know about crypto. Some people see real work as more convincing than investing or trading cryptocurrencies. Even though they don't know what the benefits will be when we do it. I think the social environment also influences the stigma.

savetheFORUM

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Quote from: Wiwo on December 03, 2021, 01:18:49 PM

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

I am glad to hear that bitcoin helped you people to survive against collapsing economy. I wish you must work on convincing more people by showing your success level to adopt bitcoin so that bitcoin will grow stronger which will again getting you another level of success regardless of where your country will be heading. It is kind of win-win situation for you and your followers.

In my opinion only very few people are doing like that and I am always into that because when we share about our success regarding bitcoin adoption then definitely it will multiply the magnitude of success recursively.

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Quote from: blockman on December 21, 2021, 03:57:24 PM

Quote from: Wiwo on December 21, 2021, 03:17:12 PM

Holding is not an easy thing and most small holders need money to pay bills and take care of some financial need, bitcoin is a great tool for economic independent and this have lead to small economic stability and a hedge over inflation.

It sounds easy for the others when we hold but in reality when the market drops a lot. You'll never know what might happen next. There could be an outstanding panic sell that can happen from those little holders that we have and it might include us with the panic selling.
When you have to survive and you've got those holdings and you got nothing as a solution for that problem, you'll really forced to sell even it's against your will.

That is the thing, in theory holding seems like a great strategy that is easy to implement, but this is not actually true, holding is incredibly hard especially if you happen to buy bitcoin before a crash, and while we know that if you still hold your coins you will recover your money it is very difficult to not let your emotions take control at that point, which is why when we saw the crash in 2018 so many people sold their coins despite the fact they knew that if they held their coins they will eventually get great profits.

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The young generation of the country making a life out of the blockchain technology, cryptocurrency trading and related activities is really appreciable. But, how far this is effective needs to be analysed.

In real life the adoption rate of bitcoin is not more than 3% around the world. Among that USA hold a maximum part, and the rest gets divided. So, the number of person going financial independent is quite low. People finding it an opportunity to earn is good, but it needs to an investment/trading asset apart from a job to meet their life needs.

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bitcoin is a decentralized and unrestrained asset, bitcoin remains very strong. Bitcoin also offers the desire to make money and manage their own money without using a third party to manage their money.
In fact, for unemployed people like me, it's true that bitcoin can help the individual economy, but it's not open to the state.

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Quote from: Wiwo on December 21, 2021, 03:17:12 PM

Holding is not an easy thing and most small holders need money to pay bills and take care of some financial need, bitcoin is a great tool for economic independent and this have lead to small economic stability and a hedge over inflation.

It sounds easy for the others when we hold but in reality when the market drops a lot. You'll never know what might happen next. There could be an outstanding panic sell that can happen from those little holders that we have and it might include us with the panic selling.
When you have to survive and you've got those holdings and you got nothing as a solution for that problem, you'll really forced to sell even it's against your will.

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Quote from: RILWAN on December 12, 2021, 04:55:46 PM

In the nearest future newcomers will still be referring to us as the lucky guys who dive into Bitcoin at such an early stage as this, the only way we can make a difference is to decide never to sell but that decision is somehow hard for most holders at this moment most especially the smallholder who just need some little profits.

Holding is not an easy thing and most small holders need money to pay bills and take care of some financial need, bitcoin is a great tool for economic independent and this have lead to small economic stability and a hedge over inflation.

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