Can we rely on Bitcoin and other cryptocurrency? - page 6.

carter34

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Quote from: Alert31 on July 07, 2020, 05:57:20 AM

Quote from: Janation on July 07, 2020, 04:57:48 AM

Obviously no.

In terms of sustaining your livelihood, I don't think you will be able to do that. Cryptocurrencies are still new even though it is over a decade in existence. The problem here is that Bitcoin and other cryptocurrencies are not that adopted yet by a lot of countries. You can use it in a country as long as you convert those into fiats.

In terms of investment, it can give you some profits but not in the way that it can sustain you also, it depends on how much you've invested in it.

You're right,bitcoin can only be helpful in the country where you can exchange it into a fiat money. Although bitcoin is not a reliable source of income but this time that we are struggling because of covid 19 pandemic,i think it will be a better way to earn while most of the peope are stay at home and lost their job. It could help to survive our foods for daily needs.

I also think that the investment aspect is what makes bitcoin popular because it can give out some profit if invested on but relying on it to perform as fiat will not happen anytime in the near years to come

shoreno

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Quote from: bitbunnny on July 07, 2020, 02:54:55 PM

That very much depends for what would you like to rely on Bitcoin. Buying stuff for daily needs, saving for entirenment, investing or something else.
By nature Bitcoin is risky so fully relying on it.in.any sense is risk. I think that we still need to combine Bitcoin and other cryptocurrencies with fiat money, without that it's hard to cover all our needs just with cryptocurrencies and we are exposed to too big risk.

having two currencies at hand , one is offline and one is online such as crypto and fiat are indeed can give us more stability or reliability in any condition than compare to one currency only , that is what i noticed lately .

relying also means that we must save so that we can use something in the time that we need money the most but saving is something that is hard or impossible to some people because they used thier money in unexpected events .

bitbunnny

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That very much depends for what would you like to rely on Bitcoin. Buying stuff for daily needs, saving for entirenment, investing or something else.
By nature Bitcoin is risky so fully relying on it.in.any sense is risk. I think that we still need to combine Bitcoin and other cryptocurrencies with fiat money, without that it's hard to cover all our needs just with cryptocurrencies and we are exposed to too big risk.

Stedsm

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Relying completely on BTC for all your daily needs and stuff?
I'd say a straight no to this as there's no such possibility for BTC and the whole cryptocurrencies yet to handle the whole world at a stretch because of their least prices and uncertain distribution, while another thing is that cash is still available digitally which is why BTC won't really be a big deal for any consumer out there.

TrevorS

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Firstly, it is worth noting that today the deaths are not 1 million but 520 thousand, which at the moment is equal to mortality below one percent.
But as for the impending crisis, it probably can take as many lives as the riots and the difficulty of survival for people and businesses.
I want to believe that we will not get involved in another war.

South Park

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Quote from: Heart18 on July 03, 2020, 04:31:37 PM

We are fully aware that the whole world now is combatting the war of the unknown, or this Covid-19 that cannot be seen but killed nearly a million of people across the globe. And we are in this battle for over half a year now, but still, the Cure is so hard to be found. So devastating as it was, as the losses rises each day in all kinds as often mentioned.

Sadly, we do not know yet, when all this chaos be over.

For some individuals working in Cryptoworld like me, can we rely on Bitcoin to sustain our needs and help prevent the economy collapse as this Pandemic continues?
As I've just heard from the news, there's a new swine flu disease which is a threat discovered in China again 😢 and has a Pandemic potential that the experts need to keep eye on.

Bitcoin is not ready for that, some individuals can use bitcoin like that and help themselves during the pandemic but it is simply too soon for a significant amount of people to do this, it is better for you to try to earn money in the traditional way and treat any income you get out of bitcoin as side income, after all you do not want to miss an opportunity to get employment in the formal economy now that such jobs are even harder to obtain due to the pandemic.

fiulpro

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Quote from: Heart18 on July 03, 2020, 04:31:37 PM

We are fully aware that the whole world now is combatting the war of the unknown, or this Covid-19 that cannot be seen but killed nearly a million of people across the globe. And we are in this battle for over half a year now, but still, the Cure is so hard to be found. So devastating as it was, as the losses rises each day in all kinds as often mentioned.

Sadly, we do not know yet, when all this chaos be over.

For some individuals working in Cryptoworld like me, can we rely on Bitcoin to sustain our needs and help prevent the economy collapse as this Pandemic continues?
As I've just heard from the news, there's a new swine flu disease which is a threat discovered in China again 😢 and has a Pandemic potential that the experts need to keep eye on.

I do think we all understand one thing and everyone have one thing in common : We are fed up of the current economic situation and also of the way the government dominates the market in the most unfair way that most of the money goes into the pockets of rich people.

We have long read about the gap that is between the rich and the poor and with time it is only widening , the Corona pandemic have proved that the Current system is not only inadequate but it is also unfair for the common man. We need a lot of change in the society and the way the things are handled perse ~

I do think one can very easily trust the cryptocurrencies because they are not owned by anyone but they are Owned by YOU! Therefore it is in your hand how you use this freedom.

You might combine this with your amazing business idea and earn millions or you might sit there criticizing it when you don't really understand the reason it was created.

CardHerald

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you need to read more because the news, a new swine flu disease from China again It is not neutral and you may notice a lot of news about the epidemics many people want to read these news.
no need for all this panic, things are under control.
Take care of your family’s health and try to keep working without stress. Humans are great at coping with diseases and will survive.
Panic and fear are what will proliferation, weaken the economy and overburden.

maydna

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Quote from: Alert31 on July 07, 2020, 05:57:20 AM

Quote from: Janation on July 07, 2020, 04:57:48 AM

Obviously no.

In terms of sustaining your livelihood, I don't think you will be able to do that. Cryptocurrencies are still new even though it is over a decade in existence. The problem here is that Bitcoin and other cryptocurrencies are not that adopted yet by a lot of countries. You can use it in a country as long as you convert those into fiats.

In terms of investment, it can give you some profits but not in the way that it can sustain you also, it depends on how much you've invested in it.

You're right,bitcoin can only be helpful in the country where you can exchange it into a fiat money. Although bitcoin is not a reliable source of income but this time that we are struggling because of covid 19 pandemic,i think it will be a better way to earn while most of the peope are stay at home and lost their job. It could help to survive our foods for daily needs.

That is because the government is not already accepting bitcoin, but people could still use bitcoin and convert it to fiat money by help from the third party. Still, bitcoin can be a new way to make money as not all people out there know about bitcoin, so if we can try to search for more way to earn money, we will have a chance to make money like other people who already tried. And before many more people know about bitcoin, we can get that way and make money, so when other people out there know bitcoin, we already have more bitcoin.

Alert31

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Quote from: Janation on July 07, 2020, 04:57:48 AM

Obviously no.

In terms of sustaining your livelihood, I don't think you will be able to do that. Cryptocurrencies are still new even though it is over a decade in existence. The problem here is that Bitcoin and other cryptocurrencies are not that adopted yet by a lot of countries. You can use it in a country as long as you convert those into fiats.

In terms of investment, it can give you some profits but not in the way that it can sustain you also, it depends on how much you've invested in it.

You're right,bitcoin can only be helpful in the country where you can exchange it into a fiat money. Although bitcoin is not a reliable source of income but this time that we are struggling because of covid 19 pandemic,i think it will be a better way to earn while most of the peope are stay at home and lost their job. It could help to survive our foods for daily needs.

Janation

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Obviously no.

In terms of sustaining your livelihood, I don't think you will be able to do that. Cryptocurrencies are still new even though it is over a decade in existence. The problem here is that Bitcoin and other cryptocurrencies are not that adopted yet by a lot of countries. You can use it in a country as long as you convert those into fiats.

In terms of investment, it can give you some profits but not in the way that it can sustain you also, it depends on how much you've invested in it.

Heart18

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Quote from: bearexin on July 04, 2020, 10:49:24 AM

Quote from: Heart18 on July 03, 2020, 04:31:37 PM

For some individuals working in Cryptoworld like me, can we rely on Bitcoin to sustain our needs and help prevent the economy collapse as this Pandemic continues?
As I've just heard from the news, there's a new swine flu disease which is a threat discovered in China again 😢 and has a Pandemic potential that the experts need to keep eye on.

Like seriously, I also saw the news yesterday Cool

. They said that the flu was discovered in swine. I just don’t understand what’s wrong with these people? I just don’t get it to be sincere. This time around they better be open to the world about the flu and not try to cover everything up just like they did with Covid-19 and before we knew what was happening it has already become a pandemic.

I just hope that they don’t try the same nonsense this time around. And if this other flu is going to spread, is better they start earlier now and keep that particular state on lockdown and solve that problem once and for all and not let it escape to other countries.
And as for what you should invest your money in, Bitcoin is already a good choice, unless you want to be buying gold.

I do not really see any other asset that will be better than Bitcoin, and that’s what I am going for and a particular token that is backed by precious metal. Done my research.

Very well said, mate...I certainly agree with you from the first line down to the bottom. I am also wondering why on Earth that China was always the first place that started all this Viruses now. Probably, they lack with proper hygiene and cleanliness...I am not saying all, but I guess a lot. And they used to eat those exotic foods.
This swine flu which is similar to 2009 H1N1 virus is so horrible if it spreads rapidly, knowing that Covid-19 is not over yet 😢
For now, we just need to pray hard for everything to be fine. And as this quarantine days continues, I am just trying my luck here in cryptoworld. Hoping that I could join some good bounties and earn profits. For me, it is better to try learning and working here than doing nothing at home. Thanks anyway, for sharing your thoughts here. Stay safe 💕

Kasabus

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Quote from: mezzaluna on July 07, 2020, 02:51:36 AM

Some people are already relying or relied on Bitcoin and Cryptocurrency before the pandemic even came. People use the Cryptocurrency Industry as their job and they have not left that job because they are gaining profits from it. If we learn more and utilize our knowledge regarding this matter, we can surely do something profitable or useful about it.

For a jobless person like me, instead of doing nothing in my free time, I guess it is better for me to learn about stuffs that I have not known yet and look for things that can help me gain profit in the future.

I am also earning from bitcoin and from this crypto world but i have to say that there is too much risks if we just solely rely on bitcoin without other sources of income. Bitcoin price does not always stay on top and is always crashing and crypto cannot even stop if the world's economy will bound to collapse. Many people may have found their fortune in crypto but not everyone is capable of what other people are capable of.

Mauser

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Quote from: mezzaluna on July 07, 2020, 02:51:36 AM

Some people are already relying or relied on Bitcoin and Cryptocurrency before the pandemic even came. People use the Cryptocurrency Industry as their job and they have not left that job because they are gaining profits from it. If we learn more and utilize our knowledge regarding this matter, we can surely do something profitable or useful about it.

For a jobless person like me, instead of doing nothing in my free time, I guess it is better for me to learn about stuffs that I have not known yet and look for things that can help me gain profit in the future.

Investing time to learn more about crypto currencies is very useful and owning bitcoins is even better. Bitcoin will not go away, it's already spread and being used by so many people around the world. Just by looking at the bitcoin price we can see how stable the price is, and managed to get through the crisis so far without really being affected that much. Of course there was a big drop in March, but which asset class didn't tank in March this year? There are many more mid cap stocks that are much more volatile than bitcoins. I believe we all can rely on bitcoins for the future.

Botnake

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Quote from: mezzaluna on July 07, 2020, 02:51:36 AM

Some people are already relying or relied on Bitcoin and Cryptocurrency before the pandemic even came. People use the Cryptocurrency Industry as their job and they have not left that job because they are gaining profits from it. If we learn more and utilize our knowledge regarding this matter, we can surely do something profitable or useful about it.

You have to identify between business and jobs, because if we are talking of jobs, we are not gaining profit, we called that earning crypto or money, profits is only for investments. What others are doing are they are working online in the crypto world, of course there's a lot of opportunity here also but we can't really rely on this, and I would say they are smart if they also have a day job in real life and they are just making money in crypto as their secondary job.

Some people also are trading, and if they are consistently profitable, that's the time we can say they can rely here as day traders really needs to be fully focus to maintain the profitability they are enjoying.

Quote from: mezzaluna on July 07, 2020, 02:51:36 AM

For a jobless person like me, instead of doing nothing in my free time, I guess it is better for me to learn about stuffs that I have not known yet and look for things that can help me gain profit in the future.

This forum gives you a lot of information and at the same time you can also earn here if you join in bounty and signature campaign, so it's up to us on how we value our time and effort.

mezzaluna

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Some people are already relying or relied on Bitcoin and Cryptocurrency before the pandemic even came. People use the Cryptocurrency Industry as their job and they have not left that job because they are gaining profits from it. If we learn more and utilize our knowledge regarding this matter, we can surely do something profitable or useful about it.

For a jobless person like me, instead of doing nothing in my free time, I guess it is better for me to learn about stuffs that I have not known yet and look for things that can help me gain profit in the future.

AakZaki

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Bitcoin and cryptocurrency can be relied upon for the current pandemic situation. We can work from home on a computer screen or on the cell phone screen easily.

I trade to benefit from trading various kinds of exchange coins.
but having a marriage is not that easy. trading requires analytical knowledge to be learned. Beginners can also start learning to trade, don't just rely on bounty campaigns that don't produce results for now.
the campaign that actually produces is a signature campaign, but requires an account with a high rank and has a good quality posting.

Blackrain13

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I think you can rely on bitcoin and cryptocurrency if you can earn more every month like you are paying from a regular job. Also the unemployed people are keep on increasing due to this covid 19 virus. So instead you just seat in your chair and wait for nothing ,why not work in crypto to earn,join a campaign or do trading if you have knowledge about it. Only newbie in crypto can't really rely on this because they need to learn first. But if you are strategic person i think much better if you have another sideline aside from crypto in order to survive and sustain your needs at this time of pandemic because we don't know when this suffering will end.

The cure

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Actually Bitcoin has great potential in the future,but for now it is hard to expect that you will get the everyday you need in here.
it is better to invest in bitcoin now so that we can look forward to the future, but for now we can't rely on bitcoin at this time. It is good if you have huge amount of bitcoin then convert it into fiat money for you to sustain your daily needs, but if you don't have it then you better find an alternative ways on how to earn money.

CarnagexD

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Quote from: Ulven on July 04, 2020, 11:06:40 AM

No, you cannot rely on bitcoin to meet the requirements of daily life. The fate of the cryptocurrency up to now is not widely known to most governments. But if you have additional money that you can invest in cryptocurrency, perhaps in the future, There will be an agreement between governments to adopt the cryptocurrency as a means of payment.

Besides being a volatile asset, you don't need to convert it especially if it is not that necessary. Governments are still not that knowledgeable about the benefits of bitcoin in the economy, maybe because we lack of support and promotion in many platforms that we use in our daily lives.

Once we achieved the mass adoption of bitcoin and cryptocurrency, probably we will let the government allow the use of these coins in most of the countries around the world.

But as of now, people are still not that into the use of digital currency even if the pandemic increases the risk of transmitting the virus due to fiat money.

Topic: Can we rely on Bitcoin and other cryptocurrency? - page 6. (Read 1348 times)