bitcoin helps the economy of all circles - page 3.

TimeTeller

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Quote from: Cryptomultiplier on August 03, 2023, 09:53:28 AM

Yes and yes, I must conclude. I started my BTC journey at a time when some of my friends where learning how to trade. I just tagged along and was interested in every discussion that concerns it.
I wouldn't say I am among those who has fancied remote work more, but it was as the covid 19 era proved that it is possible to actually work from home, that the BTC revelation began.
I am still trying to upgrade my knowledge on trading, but with the little knowledge I have, I have been able to setup myself without any reliance on anyone for money or food.
I can easily make transaction with oversea clients and am confident my goods gets to my door step because the decentralized network has more than created a trust system, that I can do business with whom I don't know.

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.

Cryptomultiplier

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Yes and yes, I must conclude. I started my BTC journey at a time when some of my friends where learning how to trade. I just tagged along and was interested in every discussion that concerns it.
I wouldn't say I am among those who has fancied remote work more, but it was as the covid 19 era proved that it is possible to actually work from home, that the BTC revelation began.
I am still trying to upgrade my knowledge on trading, but with the little knowledge I have, I have been able to setup myself without any reliance on anyone for money or food.
I can easily make transaction with oversea clients and am confident my goods gets to my door step because the decentralized network has more than created a trust system, that I can do business with whom I don't know.

Solokan

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Quote from: CryptoPanda on January 15, 2023, 04:09:57 PM

I was reading to see how bitcoin has improved your finances but you failed to share your personal experience. I have my stories of how lucky I am to have bought bitcoin early and I’m sure there are many others here who have benefited from buying bitcoin. But these are personal experiences and those doesn’t affect the economy on a national scale. El Salvador was the first country to accept bitcoin as a legal tender and so far President Bukele has done a lot to promote bitcoin awareness in the nation, how has their economy improved since then?

oh, yes, it was indeed my mistake not to discuss my investment, but of course I dare to say that because honestly I feel the benefits of investing in btc, that is, I get profits, but I think not posting what I get from btc is also not a problem because sometimes I also want to be anonymous but of course you can check my post back when I bought btc when the price was low and until now I still hold it. and if I sell btc now of course I will make a profit.

Belarge

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Bitcoin has been a helping hand to the economy, mostly to the people that learned how to invest in it, Bitcoin has an income tool that has eradicated poverty majorly in the society, Bitcoin is something any one that wishes to invest can invest at ease, there's no age or ethnic discrimination as long as you have the capability.
In the case of investing In Bitcoin and following the directives of members that have more knowledge than you, then you will have 80% chances of making profits than loses,

Bazzu

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Quote from: romero121 on January 30, 2023, 06:22:13 PM

Bitcoin is for everyone. In the past I've seen people using credit cards, and those are days when it can be used only by the rich. Now it have turned to be common. With bitcoin there is no discrimination, every level of people were able to use it according to the ability. Once bitcoin was affordable for everyone and slowly things have changed as the price have reached the peak. Even now people able to buy as it has the lowered denomination makes it an easy choice for every level of people. It is true that bitcoin is people's money.

yes, and in my place there are also many people who can be called poor, but now many are investing in bitcoin and investing in bitcoin, the important thing is to have a cell phone and have a little money, but you can already invest in bitcoin, for example, with 11 dollars our can also invest in bitcoins. so bitcoin is proven to help many people.

Ebede

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Join hands and help me to grow everybody...

I can see from the subject of what you are saying so far that Bitcoin cannot help me call my queue of all cycles it help the economy of people who values in the society but on this particular place I don't think that you can help system so not everybody can agree in this particular point

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Bitcoin is for everyone. In the past I've seen people using credit cards, and those are days when it can be used only by the rich. Now it have turned to be common. With bitcoin there is no discrimination, every level of people were able to use it according to the ability. Once bitcoin was affordable for everyone and slowly things have changed as the price have reached the peak. Even now people able to buy as it has the lowered denomination makes it an easy choice for every level of people. It is true that bitcoin is people's money.

KingsDen

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Quote from: Solokan on January 15, 2023, 11:25:05 AM

: 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.

I believe you understand what it means by someone being poor. I can say that a poor fellow could be someone who doesn't know where their next meal will come from. Now tell me how can bitcoin make such a person to become rich?
How much do you think that a poor man will invest in Bitcoin in order to become rich?

How are you very sure that the little money the poor man will invest will not drain if bitcoin decides to go negative direction?

It is high time we stopped giving people high hope in Bitcoin to become rich.
I do not subscribe to the idea that bitcoin will make a poor man presently to become rich. Unless you have some huge amount of money to inves. Bitcoin can make you live comfortably no doubt , but not moving a poor man to become a rich man. It only happened to few early adopters.

QueenVera

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Quote from: KennyR on January 29, 2023, 06:40:14 PM

Investing when the market is bearish is the right choice. However everyone won't get the opportunity and majority panic to invest when the market is bearish having the mindset whether the price will increase or not.

I won't say they didn't get the opportunity as this is an open market that gives the same opportunity to everyone not considering your financial strength but just that some people take their chances while others don't. If you aren't prepare when this opportunity present itself isn't an excuse either. You should always have spare funds at all times.
When investing into the market, don't use all the money in your hands to buy Bitcoin or any other cryptocurency at the same time. You should always have reserved that can be utilized if the market was to dip further after you must have bought into the market.
This is the reason why we're advised to always dollar cost average so we could have funds to buy more quantity of coins. Bitcoin can't help your financial situation if you aren't ready when the opportunity to buy comes around.

Dickiy

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Quote from: laurenB7742 on January 28, 2023, 01:04:17 AM

Quote from: serjent05 on January 16, 2023, 04:06:07 PM

Quote from: Frankolala on January 16, 2023, 11:43:36 AM

Globally means worldwide, and some countries don't even accept bitcoin adoption, so how will it have helped global economy, which is impossible. You can say that bitcoin has helped individuals who are investors, to have a life assured assets i.e securing their future from fiat depreciation.

A good argument but once Bitcoin is accepted globally, there are lots of things will be realized such as transparency, financial inclusion, inflation and money devaluation and many more.

But the important thing is that bitcoin cannot help the world economy at the moment, and in the future, there is no guarantee that bitcoin will be accepted globally. What you are saying is just an assumption, nothing is certain.
According to me, bitcoin is just an investment tool like other investments, whether it is useful to us or not is up to us, not bitcoin. For those who invest in bitcoin but lose it cannot say that bitcoin is helping them, on the contrary, if you have a profit from your bitcoin investment, it is helping you.

Basically if you don't sell when the price drops from a higher buying position, it probably can't be said that you are losing money because your bitcoins are still in your wallet. and as we know that bitcoin will experience the same cycle, so maybe you need to be patient when the price drops to protect your bitcoin from losses. What we can learn is that we can avoid those losses.

Speaking of who will guarantee about it, it sounds like who will guarantee you success?. the answer is of course yourself, it's the same with bitcoin if you don't believe in bitcoin I also can't force you that maybe the future belongs to bitcoin.

jokers10

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Quote from: KennyR on January 29, 2023, 06:40:14 PM

Investing when the market is bearish is the right choice. However everyone won't get the opportunity and majority panic to invest when the market is bearish having the mindset whether the price will increase or not. Unlike your financial ability it is always a must to learn which could get you enjoy more prospects even without capital investment.

Yeap, FOMO is the main foe of an investor! Expecting while the price will be the lowest to buy and to lose an opportunity of buying at a good not lowest price and then to be affraid to sell waiting the highest price. The main problem is to understand clearly when the market is strongly bullish: if to find that out then yes, it will be a time of earning on trading and main thing will be not to hodl too long and be content with profit you've got. Grin

landheer

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Quote from: Baofeng on January 15, 2023, 04:29:26 PM

For sure, I have seen many threads in the past here on how bitcoin helps them financially, they become stable and have the financial freedom to buy things that they want for them or for their families, so that is good. And probably it will inject some of that in the economy too, and that's the beauty of having an extra money because you have the purchasing power. But not all have succeeded though, investment or to make money here is not that easy as it sounds. It's not an easy or get rich scheme. You really need to have a lot of patience and you a strong mentality and be intelligent when to buy and when to sell to enjoy your profits and then make them sustainable in your end.

indeed many people are helped financially by its presence, bitcoin. but of course not everyone benefits from bitcoin, for example people who lack experience, insight and knowledge and buy bitcoin at the wrong time, causing losses due to the panic experienced because the price of btc fell.
so I agree with what you said, that is, our have to be smart when our buy and our have to be smart when our sell.

KennyR

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Quote from: Z390 on January 29, 2023, 08:17:00 AM

Not every poor people can endure seeing their wallet losing -80% in value, they will definitely freaked out, the best way to invest in Bitcoin is wait for a bear market and start picking up the pieces, I did this in June 2022 with just 400$ because that's all I can spare and this year I did the same, I am expecting more correction and I will double down till 2024, invest only what you can afford to lose, do not use money that's meant for your survival or health.

Investing when the market is bearish is the right choice. However everyone won't get the opportunity and majority panic to invest when the market is bearish having the mindset whether the price will increase or not. Unlike your financial ability it is always a must to learn which could get you enjoy more prospects even without capital investment.

Z390

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Not every poor people can endure seeing their wallet losing -80% in value, they will definitely freaked out, the best way to invest in Bitcoin is wait for a bear market and start picking up the pieces, I did this in June 2022 with just 400$ because that's all I can spare and this year I did the same, I am expecting more correction and I will double down till 2024, invest only what you can afford to lose, do not use money that's meant for your survival or health.

Fara Chan

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Quote from: Solokan on January 15, 2023, 11:25:05 AM

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

Requires management that is good enough to manage everything and to get good changes for the economy. In terms of properly regulating the use of Bitcoin, we think that not only the economy of its users has changed, the government's economy will be helped to improve by Bitcoin if the management is very precise and according to this my opinion, but this is also related to the government, meaning not all of them have legalized it.
But so far we feel these changes are real (economy).

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Quote from: virasog on January 29, 2023, 07:20:27 AM

Quote from: Solokan on January 15, 2023, 11:25:05 AM

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:

First you need to be clear, no one loses in bitcoin investments because bitcoin is always on the rise from 2009 although we have correction in between. Yes, people lose money in future trading or investing in altcoins which later goes to zero. Anyone who can hold for bitcoin for few years can never lose money.

spot traders also get loss who is panic seller who didn’t have enough patience for holding. but who can hold long time he/she is gainer. Bitcoin has been growing since 2009 but sometimes there have been big corrections followed by big dumps like currently Bitcoin price is 23k dollars but this Bitcoin was over 68k dollars. The person who bought the 68k when it was there must be at a big loss. So it cannot be said that there is no loss in investing in Bitcoin. Losses are made by panic sellers

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Quote from: armanda90 on January 29, 2023, 06:35:32 AM

Bitcoin can help the economy financial depend how manage and regulation from some countries, I don't think with Bitcoin keep effective as investment assets always behind many advantage becoming digital payment currency at the future. Some people aware with inflation values from fiat and try to use Bitcoin as their help with financial freedom, but when Bitcoin unpredictable price more terrible inflation than fiat values.

New technology present every day and Bitcoin can change our life better not only as investment way but how Bitcoin will make easy for every transaction around the world than adopting fiat, several countries still not legal bitcoin as digital payment currency and not getting yet how bitcoin can help the economy financial.

Bitcoin has been used as an investment by many people. Countries that allow the use of bitcoin as an investment tool provide an opportunity for their citizens to get the potential benefits of bitcoin. This triggers their citizens to start owning bitcoin and saving it.

Bitcoins can indeed change our lives, but if we don't learn how, we won't be able to earn them and will suffer losses. But as long as we understand the basic lessons about investing in bitcoin, we can make a profit from bitcoin.

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Quote from: Solokan on January 15, 2023, 11:25:05 AM

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:

First you need to be clear, no one loses in bitcoin investments because bitcoin is always on the rise from 2009 although we have correction in between. Yes, people lose money in future trading or investing in altcoins which later goes to zero. Anyone who can hold for bitcoin for few years can never lose money.

Now, the other thing is that bitcoin can't be printed, and its supply is limited. Since it is deflationary, it gives chance for both poor and the rich to get the benefit. The rich people can't just print the bitcoin and make it harder for the poor people. It's an open market where you have to get the bitcoin at the agreed price of buyers and sellers at the time of transaction.

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Quote from: nullama on January 29, 2023, 06:08:29 AM

...
If people keep simply buying and selling fiat with Bitcoin, then it will never grow enough to become a proper financial revolution.

I don't expect so big changes as revolution in finances in a nearest future so I'm glad even with that alternative which bitcoin gives us just with a fact of its existence. Of course to achieve huge goals people should use bitcoin directly really often, but as we know it is not yet possible even technically: bitcoin's stack is not infinite. So we'll need even to wait until scalability problem would be really solved (lot only with smth like LN, but inside of bitcoin core). I'm optimistic and hope to see all that by my own eyes in the future.

yazher

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It needs some timing especially when you are in the big business because it can affect your sales growth or make your business look terrible when you cannot get back your investment capital once the price suddenly drops. Bitcoins can also attract customers and with enough knowledge, you can take advantage when it becomes popular in your place.

There are cases when they accept bitcoins as a means of payment, their business bloom and they took the initiative to make it more convenient for their customers to use bitcoins. Also, it really needs to be known first before you try to put it on your business and expect to be asked by the common folks and be ready for your FAQ sheets to answer their questions.

Topic: bitcoin helps the economy of all circles - page 3. (Read 897 times)