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.
Topic: bitcoin helps the economy of all circles - page 4. (Read 897 times)
~snip~
If bitcoin was just an investment tool it could never become so. Because idea that you can issue money with your own PC is incredible, no one would invest in such asset. Bitcoin is an alternative financial system. And being based on a deflationary concept it makes the world economy change, because that is based on an inflationary concept. The result is much more complicated than we can imagine right now, simple extrapolation would hardly work for predictions. And it'll be really interesting to see how the changes would happen.
If bitcoin was just an investment tool it could never become so. Because idea that you can issue money with your own PC is incredible, no one would invest in such asset. Bitcoin is an alternative financial system. And being based on a deflationary concept it makes the world economy change, because that is based on an inflationary concept. The result is much more complicated than we can imagine right now, simple extrapolation would hardly work for predictions. And it'll be really interesting to see how the changes would happen.
Yes, the whole point is that you can use Bitcoin as money. You don't really need fiat to buy goods and services, as long as you have at least another person willing to accept Bitcoin in the transaction.
This is getting more and more popular, and at some point you will be able to do everything with Bitcoin only.
If people keep simply buying and selling fiat with Bitcoin, then it will never grow enough to become a proper financial revolution.
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.
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.
If bitcoin was just an investment tool it could never become so. Because idea that you can issue money with your own PC is incredible, no one would invest in such asset. Bitcoin is an alternative financial system. And being based on a deflationary concept it makes the world economy change, because that is based on an inflationary concept. The result is much more complicated than we can imagine right now, simple extrapolation would hardly work for predictions. And it'll be really interesting to see how the changes would happen.
Helping financially in general, because some of those who profit from bitcoin is starting a business that creates jobs and improves the economy, and some students who profit from Bitcoin used it to their tuition and to graduate and find work, which can also help the economy. There are many ways in which bitcoin can help people, but the majority of the time it is just for personal growth, and it has a simple cause and effect like it gives us extra money with which we can buy food or other necessities, and those who sell it is we can can help help them to buy their needs also.
Nowadays everything is improving with technology if you know how to use bitcoin properly, will help the economy but for this you have to choose the investment method. A large number of people have access to basic banking services but struggle with low financial resilience because they are in debt and have little savings or income security. They are vulnerable to economic shocks due to the lack of quality assets, which would have helped them with proper income can't make big investments for this.
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.?
The answer is really simple from what you pointed out and that is the fact. The reason rich people are able to hold to gain more profits is that they are already rich and might really not need that investment in Bitcoin for their daily life financing which the poorer people can't afford hence you will see them going back to sell off part or the whole investment some time in lost because needs have to be fulfilled plus I don't know where you can buy less than a $ worth of Bitcoin because there are also fees to pay in the transaction. 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.?
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.
Bitcoin can help all people through the investment side provided by bitcoin. But if people don't figure out how to invest in bitcoin properly, they won't be able to profit from bitcoin and will end up losing money. Many people don't research before investing in bitcoin or anything else because they think it will be too late if they don't make a decision soon.
So far, bitcoin has helped many people if they choose to invest in bitcoin. From 2013 until now, many people have been able to get a lot of money and a lot of bitcoins. That's because they are always learning how to invest in bitcoins and don't panic when they see the price drop drastically and can instead use it to buy more bitcoins.
So far, bitcoin has helped many people if they choose to invest in bitcoin. From 2013 until now, many people have been able to get a lot of money and a lot of bitcoins. That's because they are always learning how to invest in bitcoins and don't panic when they see the price drop drastically and can instead use it to buy more bitcoins.
Helps an individual who won from trading or investing but with the economy I doubt Bitcoin is not even widely accepted by consumers. Also, this is somehow blurry. This crypto industry generates profit for the investors due to its market price volatility. But since that is volatility we were talking about, imagine how big the loss could be if your assets are store into it. The idea is already there but if this would be a decision from government leader, that would be one sided. Because there is a higher tendency for them ( as evident with the present( to restrict its usage if taxation will be off with their hands despite of years or decade of progress.
As we see there's no general decision for bitcoin ban in all the countries or even in a majority of. Most developed countries prefer to find a way to interact with a new financial tool to get as many benefits as possible. Bitcoin's blockchain is transparent what makes it easy to trace money for any big enough organization like a government of a big country or union of several ones. So no problems with taxes, why should they be? The main difference is in decentralization and deflation both.
.........................
All investments have some level of risk, but bitcoin is completely different in that you only lose money if you sell below the price at which you bought it, if you wait on and patient enough, you may not lose any money at all. I read an article yesterday that said that at the current price of bitcoin, over 70% of all purchases had already turned a profit. Even MicroStrategy lost money, and when I say lost money, I mean a big amount of money, but they didn't sell, instead, they continued to hold onto their investment because they believed that during the next bull cycle, bitcoin will surely reach a new all-time high.
Bitcoin is a means of payment, not an investment instrument.
Well, bitcoin is a means of payment, a currency, and also an investment. But I can tell you, 99% of these market participants see bitcoin as an investment rather than a payment method as it was initially designed for. There are many people who are taking advantage of the volatility of bitcoin to improve their own economy, and if this volatility goes away and bitcoin becomes stable, I believe many people will leave it and find another ideal investment channel. That's what's going on and we need to accept it.
Bitcoin is first a currency before it became an investment tool. Anyone that invests in Bitcoin because he wants to make an instant profit, such person might become frustrated. Bitcoin price is not stable and can hardly be predicted, it might be high today and in a few hours very low. The person would be impatient and sell it. The main benefit of bitcoin is to promote privacy, reduce high transaction fees and give freedom from government manipulations. But this doesn't dispute the fact that many people are making money from trading and investing in bitcoin.
what do you think about bitcoin have you ever been helped economically by bitcoin.?
of course bitcoin help me about economically , but it's not like someone who can process and hold bitcoin to the highest price,
by getting to know bitcoin I feel my economic needs are helped even though it's only a small amount of capital but I am grateful for whatever the result is
but I have a story, I also lost money buying altcoins
Bitcoin doesn't help anyone economy, but actually people are using Bitcoin advantage to change or improve their economy!
Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.
Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.
Bitcoin values your value.
If you were one of the early adopters, there was a lot of risk for you and no guarantees of anything. Bitcoin needed those first few people, so it makes sense to have a massive reward for those massive efforts.
Creating all those new tools, miners, etc, putting money into that new thing called bitcoin, etc, all of that is a massive value people were putting into Bitcoin, so today they might be rewarded a lot for it.
If on the other hand you just put one dollar today, when the network is worth hundreds of billions of that, then you're not adding too much value, so you're not going to get much back.
There are also of course other ways to add value to Bitcoin today, not all is about putting fiat in.
Bitcoin has made life simpler and easier for many young people in many societies and for those who believe that bitcoin can make a person's life better. Bitcoin has also saved some lives because when you invest and you have a financial problem, you can use your invested money to help yourself out. However, I have seen many people who trust and believe in bitcoin who are very comfortable in economics activities and other financial situations and I'm also here to know more in the forum as a newb member to know more about bitcoin and other crypto activities
Bitcoin doesn't help anyone economy, but actually people are using Bitcoin advantage to change or improve their economy!
Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.
Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.
...
what do you think about bitcoin have you ever been helped economically by bitcoin.?
what do you think about bitcoin have you ever been helped economically by bitcoin.?
Investing in bitcoin is not the main purpose of bitcoin and when we talk about economy we should understand that nowadays's economy model is based on an inflation and bitcoin is a deflationary asset. So integrating bitcoin into economy makes changing economy basing on a new status quo. It is not an easy process and we'll see how many things will change in the future and impact of investing in bitcoin will be not the biggest in entire economy.
...
what do you think about bitcoin have you ever been helped economically by bitcoin.?
what do you think about bitcoin have you ever been helped economically by bitcoin.?
Investing in bitcoin is not the main purpose of bitcoin and when we talk about economy we should understand that nowadays's economy model is based on an inflation and bitcoin is a deflationary asset. So integrating bitcoin into economy makes changing economy basing on a new status quo. It is not an easy process and we'll see how many things will change in the future and impact of investing in bitcoin will be not the biggest in entire economy.
People who are wrong about investing in bitcoin are lack looking for more information and only follow what the people who invite them to invest in bitcoin say. Mostly, that happens to people out there because they don't want to look for more information and only rely on their friends to invest. They are not trying to learn to analyze to find when to buy and hold and sell but ask others when to buy and sell.
Investing in bitcoin is not just a matter of buying and selling. There are times when you can buy like. For example, you buy bitcoins when the price drops sharply and at a low price. And if they can do it, they will benefit when the bitcoin price increases as high as it is now, even though it's not very high.
Investing in bitcoin is not just a matter of buying and selling. There are times when you can buy like. For example, you buy bitcoins when the price drops sharply and at a low price. And if they can do it, they will benefit when the bitcoin price increases as high as it is now, even though it's not very high.
I think this opportunity is exclusive, no matter what circle you come from. And it's time to stop assuming that bitcoin only supports one's economy from its volatility. Bitcoin is a means of payment, not an investment instrument.
Yep, I was helped by bitcoin with some unusual job opportunities I got from around, luckily I had the will to learn more about it.
Yep, I was helped by bitcoin with some unusual job opportunities I got from around, luckily I had the will to learn more about it.
Jump to: