Topic: bitcoin helps the economy of all circles - page 2. (Read 897 times)

Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading. And if it's so easy to monetize bitcoin, why are people whining that they have trouble with inflation? Why don't they do it with bitcoin again to save themselves from this crisis?

You don't have to wait for the government to recognize bitcoin as a commodity or property, we did it ourselves with bitcoin. I mean, very few people consider bitcoin to be a currency like the concept that Satoshi created bitcoin.  since I wasn't involved in the early days I don't know who turned bitcoin into an investment, but since then, anyone introduced to bitcoin knows that bitcoin is a highly profitable investment.  so it can be said that it is we who have turned bitcoin into an asset, a commodity, not a government.

Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading. And if it's so easy to monetize bitcoin, why are people whining that they have trouble with inflation? Why don't they do it with bitcoin again to save themselves from this crisis?

I don't think it's a problem that Bitcoin is considered a kind of stock or commodity because several countries place Bitcoin in that realm. In my country too, it is only one of the various types of investment assets. And in several other countries, it will always be adjusted depending on the Asset Trading Regulatory Agency.

Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading. And if it's so easy to monetize bitcoin, why are people whining that they have trouble with inflation? Why don't they do it with bitcoin again to save themselves from this crisis?

This shows that most people just use bitcoin as a speculative instrument for financial reasons and contrast it with fiat values. That makes Bitcoin just look the same as stocks and commodities, especially now that market participants have to be "controllers."

Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading.

Due pandemic, many people helped trough online working actually with trading in bitcoin or altcoin, its not beneficial yet when talking about people bought bitcoin during 2018 and earn much profit right now after pump drastically. Need to change every one mindset although bitcoin have been up still profitable for investing right now.

I don't think with easily earn profit when investing in bitcoin, wrong moment make us loss investment when bitcoin price dropping and loss chance to earn much profit. Its right bitcoin is worth investment but need to know right time have to buy and sell bitcoin not take points about buy only but have research when moment for investing.

Bitcoin unifies global society by bypassing the economic divisions created by different currencies. Bitcoin takes away sovereign power to issue currency, invalidates economic policy, and weakens the bond between citizens and governments. Billions of adults remain unbanked, most of them living in developing countries. As the price rises, people will increasingly turn to Bitcoin to conserve their purchasing power. This demand will drive up the price of Bitcoin. In a world of increasing inflation, investing in Bitcoin is becoming more attractive. Bitcoin can help bridge this gap.

Bitcoin is a digital currency that has gained huge popularity nowadays and people trust it a lot. Especially with Bitcoin people nowadays invest in Bitcoin to make their life more successful. It is known that people are buying various things like their cars, houses and land with Bitcoin very easily. And is it possible to buy a house in Portugal with Bitcoin then we can say that Bitcoin can definitely change the economic position of the country. Since everyone has been successful in purchasing their various goods through Bitcoin, more things can be done with Bitcoin in the future. And if the economic situation in another country is bad then it will be possible to change that economic situation with Bitcoin.

Bitcoin is a digital currency that has gained huge popularity nowadays and people trust it a lot. Especially with Bitcoin people nowadays invest in Bitcoin to make their life more successful. It is known that people are buying various things like their cars, houses and land with Bitcoin very easily. And is it possible to buy a house in Portugal with Bitcoin then we can say that Bitcoin can definitely change the economic position of the country. Since everyone has been successful in purchasing their various goods through Bitcoin, more things can be done with Bitcoin in the future. And if the economic situation in another country is bad then it will be possible to change that economic situation with Bitcoin.

the result of not being able to withstand it so that it is finally sold at a low price, and the causes are various, such as panic because prices have fallen, or because there is an urgent need for life, so that you are finally forced to sell bitcoins.

   many people who profit from investing in bitcoin but many also lose because of investing in bitcoin, but the cause of people who lose because of investment
in bitcoin include:

 : the result of not being able to withstand it so that it is finally sold at a low price, and the causes are various, such as panic because prices have fallen, or because there is an urgent need for life, so that you are finally forced to sell bitcoins.

but there are also many who profit from investing in bitcoin, but those who profit are usually people who are strong at holding bitcoins. and sell it when the price is high.

bitcoins help a lot
economy of all circle, including:

: many rich people invest in bitcoin and get big profits.

: poor people can also benefit from bitcoin, if they are interested in investing in bitcoin. and not a few people who were once poor are now rich.

: people who have physical impairments caused by accidents or who have been born with disabilities, they can also invest in bitcoin as long as there is a will, and I see many people with disabilities (physical impairments) who are now economically assisted by investing in bitcoin.

and the unique thing is that investing in bitcoin can be done with small capital, even less than a dollar. so bitcoin is very unique and helps the world community a lot.

what do you think about bitcoin have you ever been helped economically by bitcoin.?

When the pandemic hit, working online has really helped and saved a lot of people from economic hardship during the pandemic. But I wonder, how did people monetize bitcoin and crypto to get through that phase? Are you talking about trading? Because holding takes a long time to be profitable. Moreover, making profits with day trading is not easy, so I wonder how bitcoin has saved people. Apart from those who believed and bought bitcoin during the 2018 bear season, newbies to the market have been unable to profit from bitcoin during the pandemic. If investing in bitcoin is so easy to make a profit, why is everyone struggling with a recession?

Yeah, lots of people who are into crypto are able to went through on the pandemic without much troubles because of the opportunity it brings without any personal interaction.  I am one of those people who personaly experience the wonders of cryptocurrency when the government restrict people from personal contacts.

While my neighbors are struggling with their daily needs since many of them are trapped in their home restricted and cannot be able to earn because of the current situation, my participation with cryptocurrency enable me to sustain our family need until the restrictions are lifted.

Bitcoin was help me a lot, not only make me rich but also ease me in online transaction. I never lose in bitcoin investment, actually no one will lose in bitcoin investment as long as only sell in higher price. I always plan a strategy before investing, I make sure that I will not disturb my bitcoin investment so I always have saving in form of fiat. I divide my fund into 3 parts, first part is for investment, second part is for saving, third part is for business.

I believe a lot of people truly appreciate the presence of crypto market in general not only bitcoin during the pandemic period.
As people were stuck in their homes, they were looking for options on how to earn something to survive.
Hence, some people discovered the world of crypto, and started their journey during this challenging period.
But in my case, my journey was way way back and this market actually helped me in so many ways, not only earning some additional income, but I learned a lot about this technology, from compiling wallets, mining, staking to trading, and a lot more. I have a lot to thank this market.