Cryptocurrency impact on Economy - page 4.

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Quote from: GreenStox on March 06, 2024, 07:19:16 AM

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

You don't need to say who has improved their life by investing in cryptocurrency, just use yourself as an example. Have you become rich by investing in cryptocurrency? I am a cryptocurrency investor like you but I must tell the truth that making money and profits in this market is not as easy as many people imagine. I have also earned quite a lot from the market but I have also lost a lot in the past and I don't think many people would be able to accept such losses.

This is the financial market, it doesn't create jobs and someone will pay you. How can it positively impact the national economy? Also, do you voluntarily pay taxes after getting involved in cryptocurrency? Don't exaggerate things too much and we are talking about our money so we need to be realistic and very conscious.

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I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

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Given that cryptocurrencies are private and decentralized, that is they could be used for money laundering and other illegal activities. They can also benefit us by allowing faster and cheaper transactions, particularly when considering the state of our country. Hardships have made salaries insufficient to support us, but earning in cryptocurrency has helped us a lot and interfered with our local banking system. It also has an impact on how businesses manage their transactions; that is, if the dollar rises, they gain more as well. Although this affects us as individuals, those who earn in dollars benefit more. Cryptocurrency has also been used to provide work opportunities in recent years.

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Quote from: NewRanger on March 01, 2024, 03:49:39 AM

Quote from: Fara Chan on February 29, 2024, 06:56:48 PM

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

Appropriate. Unemployment is like a big game and the wise initiative is to invest in various sectors, for example investing in crypto means that by investing we will get big profits that can be used for our retirement program, but of course not all of our time is focused on making money, instead our fiat money The value will decrease when daily necessities increase in quantity and this is happening now because of many factors and this is where we are required to manage it well and some people are not ready for this condition.

Yes, I see that since the introduction of cryptocurrencies, some people in my area have felt a positive impact amidst the difficulty of finding work. They really focus and learn about crypto investment so that they are able to make real investments. I also quite appreciate that the government does not limit the scope for cryptocurrencies but really provides freedom so that people are more confident when making capital injections, but the government still needs supervision to monitor rogue platforms so that they do not harm many parties.

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Quote from: redsun114 on February 28, 2024, 01:56:22 PM

Quote from: slashz9 on February 10, 2024, 06:09:37 AM

is that true, most people don't have jobs because of the lack of job opportunities?
then they tried to look for information on the internet and found crypto, I was also one of the people who was helped by this.
if I didn't know crypto maybe I would be trapped in poverty.
Currently I have gotten some results from crypto even though I lost a lot in trading.

I think it only provides opportunities for those who have some money to spare and not for people who are jobless and have no money or resources at all. If you are looking for a job but you are in normal condition which means that you have some money left and you have a laptop, a mobile phone, got access to the internet, and every other basic facility that you need to learn about Bitcoin and cryptocurrencies and then to be able to use them in your favour so that you might not need to find a job anymore.

If that is the case, then you can sit at home, use your resources to learn about them, learn how you can trade, do a lot of practice, and once you think you are ready and you won't lose your money, you can give it a try. I wouldn't even recommend that because it's risky and one should use the only money they have on cryptocurrency trading.

Opportunity is about utilising what you have (knowledge, connectedness, a thirst for learning) not having lots of money. No regular job hunting here; this is a paradigm change

We use cryptocurrency to achieve our goals, not as a lottery ticket. Trading demands prudence, but rejecting it? That's like not walking because you might trip. Your laptop, internet, and basic facilities are more than other financial literacy seekers have

Buddhism emphasises the middle path. Not everything is severe. Do not jump into the deep end without swimming. While investing in bitcoin without knowledge is foolish, so is dismissing its potential. Balance, insight, and deliberate investigation matter. Welcome the digital age, educate yourself, and tread carefully

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Quote from: Miles2006

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

BTC has helped some countries that adopted it to eliminated unemployment from their land which is the wish of every country to always have some tools to eliminate unemployment, but those that didn't adopt it are still finding it difficult to handle their inflation that is affecting their economy.

Those that know BTC investment very well, know how to use it to grow wealth that will make them to have difference source of income all over the country that will make them to be more serious with BTC investment because, they have tested the benefits of BTC investment.

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Quote from: Fara Chan on February 29, 2024, 06:56:48 PM

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

Appropriate. Unemployment is like a big game and the wise initiative is to invest in various sectors, for example investing in crypto means that by investing we will get big profits that can be used for our retirement program, but of course not all of our time is focused on making money, instead our fiat money The value will decrease when daily necessities increase in quantity and this is happening now because of many factors and this is where we are required to manage it well and some people are not ready for this condition.

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In countries where cryptocurrencies are legal, their markets and stock markets are exiled in this way because they can take their thoughts home even more when half the market is dependent on them. Governments who can take their voice and they can track the intimates within their domain can rule their country but as they say in Bangladesh they can't actually approve it and they haven't got legality yet, it's illegal here. If you look at the rate at which the price of bitcoin is increasing, one bitcoin if the government of Bangladesh. If they kept about 23000 bit coins in their holding then you see 23000 would have affected the economy of Bangladesh. If the government would have uploaded them, but the government actually does not want to take their list, because the murders of Bangladeshis will increase a lot and they will have to be victims.

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Quote from: Miles2006 on February 29, 2024, 05:31:57 PM

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

Currently, most people save their money in Bitcoin to avoid inflation, because when inflation occurs the money they save will decrease in value but not Bitcoin and regarding economic growth in this case I think it will only help those involved in crypto Of course their economy can improve if they can use it properly and in terms of employment of course each person has expertise in their respective fields, yes of course Bitcoin has many benefits if they can know how to use it well of course it will be very profitable for everyone.

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Quote from: |MINER| on February 29, 2024, 12:27:48 PM

I think Cryptocurrency has a positive impact on the economy of a country. There are many youths who complete graduation and hope to get a job and become a burden to the family and society but what's wrong if they earn and lead their lives through Cryptocurrency. Mining, Trading , holding that if one can manage them well then one can do very well in this sector and earn a handsome amount of income. It will help a lot in reducing the youth and unemployment of a country. There are many who are doing very well in the world of cryptocurrency and Living a better life.

The positive impact of Cryptocurrency is now increasingly clear and has been felt by many people for a long time now so there will be no mistake for any young person who wants to take this path and also wants to become successful through Cryptocurrency. Because now there are many unemployed people in various countries who after graduating from any school still do not immediately get a job except for some people who are able to create jobs themselves.

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

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The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

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I think Cryptocurrency has a positive impact on the economy of a country. There are many youths who complete graduation and hope to get a job and become a burden to the family and society but what's wrong if they earn and lead their lives through Cryptocurrency. Mining, Trading , holding that if one can manage them well then one can do very well in this sector and earn a handsome amount of income. It will help a lot in reducing the youth and unemployment of a country. There are many who are doing very well in the world of cryptocurrency and Living a better life.

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Quote from: slashz9 on February 10, 2024, 06:09:37 AM

is that true, most people don't have jobs because of the lack of job opportunities?
then they tried to look for information on the internet and found crypto, I was also one of the people who was helped by this.
if I didn't know crypto maybe I would be trapped in poverty.
Currently I have gotten some results from crypto even though I lost a lot in trading.

I think it only provides opportunities for those who have some money to spare and not for people who are jobless and have no money or resources at all. If you are looking for a job but you are in normal condition which means that you have some money left and you have a laptop, a mobile phone, got access to the internet, and every other basic facility that you need to learn about Bitcoin and cryptocurrencies and then to be able to use them in your favour so that you might not need to find a job anymore.

If that is the case, then you can sit at home, use your resources to learn about them, learn how you can trade, do a lot of practice, and once you think you are ready and you won't lose your money, you can give it a try. I wouldn't even recommend that because it's risky and one should use the only money they have on cryptocurrency trading.

MissNonFall9

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There is no alternative to making money in today's competitive world. But in today's modern and technological era, as technological advancements have reduced the scope of human activities, so has the way of earning money. In that case, cryptocurrency is playing a big role in eliminating the unemployment problem as a message of hope.

For example, in a country like ours, due to the large population, the work area is very small, so it is not possible to find a way of earning money from that aspect by the government.
On the other hand, as the current world is moving forward, it appears that all countries will gradually become cashless. So from the above discussion, we can conclude that cryptocurrency will play a very big role in the current economy.

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Quote from: naikturun on February 11, 2024, 01:45:05 PM

I agree that many people have progressed because of crypto, imagine you can only make a monthly salary, then they get to know crypto, it is very helpful.
investments that can be made with money that do not have to be large amounts,

exactly, some people made their side hustle by simply trading derivatives and thats already sufficient despite all the risk involved because we know the risk is also there, but some people that successfully traded their money whether for futures or spot and could make profit are definitely the ones that sees good effect of crypto in their current financial situation.
it could definitely help them to increase their income up their game, live a life they wanted from the very beginning.
it all depends on the will of an individual if they are willing to find opportunity they will definitely earn.
if they just want to get rich quick then i won't be surprised if they instead losing all their money.

remember to increase income it needs some process and skills, without that its almost obvious that things won't end well, same thing with crypto it requires knowledge and strong will, then someone could earn much more income.

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Quote from: IvugeoEvolutionCoin on February 18, 2024, 09:22:21 AM

Many unemployed people in my country have become self-sufficient by choosing crypto currency as source of income.

What country that might be?
Some people just loiter on the street where I live, they refuse to work or look for work and sell here and then a part they "find" get gifted and so on.
Many people have created businesses, which are now hunted down by the mayor's office.

Still in other parts of the country the productivity is neglected due to the lack of gasoil, gasoline.

Crypto has its place but most businesses will not accept anything other than PP or mobile payments. The fact that you as a business need to accept many forms of value has not penetrated.

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Quote from: Tomcolor on February 17, 2024, 04:15:34 PM

I think Unemployment grips the people of my country and many unemployed youths are unable to make it as crypto is not accepted in my country. But most of the people in my country have become self-sufficient by keeping secret and working in the crypto market. In fact developing countries have more of these facilities, so the unemployment rate of those countries is lower. Actually crypto currency helps a lot as a source of income. Actually we need more money every day to manage our life so we are forced to buy any source.

Many unemployed people in my country have become self-sufficient by choosing crypto currency as source of income. I think those who are unemployed should have good experience about crypto currency and start working with crypto currency. I used to hear from everyone that I can earn money from crypto currency. After that I heard a lot about it from many people and with good idea now I can earn money from crypto currency.

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I think Unemployment grips the people of my country and many unemployed youths are unable to make it as crypto is not accepted in my country. But most of the people in my country have become self-sufficient by keeping secret and working in the crypto market. In fact developing countries have more of these facilities, so the unemployment rate of those countries is lower. Actually crypto currency helps a lot as a source of income. Actually we need more money every day to manage our life so we are forced to buy any source.

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I agree that many people have progressed because of crypto, imagine you can only make a monthly salary, then they get to know crypto, it is very helpful.
investments that can be made with money that do not have to be large amounts,

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Quote from: DeathAngel on February 07, 2024, 04:48:09 AM

Cryptocurrency has a significant impact on the economy. It offers the potential for financial inclusion by providing access to banking services for the unbanked. It can enable faster & cheaper cross border transactions which reduces the need for intermediaries. Volatility can pose risks for investors & businesses. Cryptocurrency also raises concerns about money laundering & illegal activities. The decentralised nature challenges traditional financial systems. Cryptocurrency has the potential to revolutionise the economy but its impact is still evolving & requires careful regulation & monitoring.

Cryptos are not a bank but many thinks their features are the same. Not all cryptos are fast and has a cheap fee. And then not all cryptos are decentralized. Volatility is what makes cryptos risky but at the same time profitable as long as you know how to utilize it. The decentralized nature of cryptos is the reason why laundering and other illegal activities are present but we should not worry anymore since there are now regulations that are in place to combat them.

Traditional financial systems got challenged when the cryptos came out and that is a good thing because it makes them to improve as well. Cryptos are already revolutionizing some economies which is also a good thing, especially for those who wants it. I think old systems are still going to remain for those who don't like or know how to use the new systems.

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