Do you think crypto trading can help nation with no Job create jobs? - page 5.

Bitcotalk

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Quote from: maxreish on March 03, 2019, 11:01:09 PM

It may be a help but it can also be a disaster. If a nation will consider crypto trading as a job, it will somehow be a help for anyone. But not all crypto trading is a success one, it will be the reason for falling. There are many reasons to turn it down, looking at how the market's situation. Just consider it as a sideline job.

I do think so and can quote the role the digital currency that is Bitcoin has been playing in countries like Venezuela which is both politically and economically in crises and has suffered a lot. The spread of Bitcoin in the country has relieved the people up to an extent and thereby slowing down the rising hyperinflation.

This further leads reduced the money printing which also give rise to inflation according to the rule of monetary economics. SO those who could not do business with little money now speculate and invest in Bitcoin which make them the money.

gabbie2010

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Trading cryptos may help a nation tackle unemployment however how passionate are the unemployed who wanted to learn trading as their main source of livelihood ? we aware that trading is not an easy job, its requires high skills and expertise encouraging unmotivated and uninterested individuals to trading cryptos in the name of creating jobs may amount to losing huge sums of invested capital rather it should left to those who are serious and eager to learn trading.

kidoseagle0312

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Trading actually can give a helping hand to any lay-off or unemployed person. In fact, I am one of the jobless guy before I got here in crypto world. But because of being open minded in this type of business on digital currency, it gave me actually a source of income in terms of financials. Not only that, because of this also invested many things through crypto trading and even up to the presence.

xvids

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I don't think that it would really help a lot,
I mean yeah they would learn how to trade and earn in trading but they would also need money for their daily basis,
So even if they end up gaining profit from their investment sooner or later they would also spend it along with their capital.
And trading doesn't guarantee profit I think you already know it just look at the chart last year you could tell that almost every one has lose some of their money.

Stedsm

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Quote from: MoonCrypt on February 15, 2019, 04:22:21 AM

there is a nation out there with a scarcity of job and people scavenging for what they can do to earn a living
I won't list any country but the data is out there, My question is can crypto trading be an alternative?

Exactly not. Because trading cannot guarantee fixed profits (and we need an "income" or at least a fixed amount of money incoming) to make a living. I'm saying this because even if you win too much, you'll then get used to live a luxurious lifestyle due to having too much money. And as you know crypto, it's a roller coaster in which once you sit, you'll experience both high ups and downs so nothing's too certain and with that, I'm sure you won't be able to live that luxurious lifestyle continuously for the rest of your life.

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If there can be a proper training program and mentorship do you think a trader can make earning with crypto trading

If you trade can you say this from experience or you will say no?

Still, my answer remains the same - NO. Because you can't "earn" through trading because profits are not income and so, cannot be earned. And based on my experience, I'd say that there needs a lot of luck as well while trading anything (not just crypto specifically), and you can't take your life for granted by just giving your full time to trading alone and not working for a living.

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Lolz, did you actually mean to ask that question to know whether people can actually make a living through crypto trading? Or are you trying to endorse for Huobi Mena?

zhekinsp

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Quote from: Noa_Amable on March 05, 2019, 08:34:23 AM

we must remember the exchange rule: if someone wins - then another loses.

Right so it is not actually going to help everyone who trading the crypto currencies.

People much understand trading and do different kind of business than just hoping on bitcoin for their future.

rose9696

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I think yes. Sometimes people don't need to make money based on trading, they can make money from bounty campaigns and airdrop programs. That work also contributes to the growing crypto market. The advertising community is very important at the moment and I believe it can create hundreds of thousands of jobs for people.

Noa_Amable

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we must remember the exchange rule: if someone wins - then another loses.

pieppiep

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Quote from: iMark on March 05, 2019, 05:52:08 AM

Quote from: maxreish on March 03, 2019, 11:01:09 PM

It may be a help but it can also be a disaster. If a nation will consider crypto trading as a job, it will somehow be a help for anyone. But not all crypto trading is a success one, it will be the reason for falling. There are many reasons to turn it down, looking at how the market's situation. Just consider it as a sideline job.

Smart answer, because in an investment or trade there is certainly a risk, and very likely someone gets a loss right? of course this can be a 2-edged knife, but I don't think the jobs in crypto is not just trading right? so there will be more positive influences

I think if you only rely on your income from cryptocurrency then it will never be able to make your life guaranteed, you should be able to get out of your comfort zone and as much as possible to find jobs that can make you earn money every month and can provide economic guarantees you.

iMark

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Quote from: maxreish on March 03, 2019, 11:01:09 PM

It may be a help but it can also be a disaster. If a nation will consider crypto trading as a job, it will somehow be a help for anyone. But not all crypto trading is a success one, it will be the reason for falling. There are many reasons to turn it down, looking at how the market's situation. Just consider it as a sideline job.

Smart answer, because in an investment or trade there is certainly a risk, and very likely someone gets a loss right? of course this can be a 2-edged knife, but I don't think the jobs in crypto is not just trading right? so there will be more positive influences

barbara44

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Quote from: maxreish on March 03, 2019, 11:01:09 PM

It may be a help but it can also be a disaster. If a nation will consider crypto trading as a job, it will somehow be a help for anyone. But not all crypto trading is a success one, it will be the reason for falling. There are many reasons to turn it down, looking at how the market's situation. Just consider it as a sideline job.

Yes, you are right, it best to consider trading as a sideline job especially for those that have 30 to 40% knowledge of the whole trading thing but what I basically believe is that crypto should strictly be for professional who has 100% knowledge about trading though it does not mean that any one cannot participate in it but will be on a a level whereby you give out your money to a real time professional for trading on their behalf.

If we are to consider trading as a sideline job, most people who are already engaged in work activities for companies will find it difficult to be trading except they use bot for trading.

lablab03

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I don't think so if we're talking on this situation. because crypto trading ia very expensive bro wherein very risky also and uncertain if it can really help those people to earn behind of this circumstances . Yes knowledge is a must but base on what we have seen after the dump motly are frustrated and now hopeless even though they have been here for a long time and have enough strategy . . So it's impossible for now in fact some traders here want to quit because of the common reason.

Webberson

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Crypto trading as an individual is entirely different from how it affects a nation. Most individuals have not even gotten it right yet, on how to maximize their profits and minimize their losses.
Majority of traders, are on the losing side, and so with this, cannot help a nation in job creation.

qwertyup23

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Crypto-trading cannot be staple job as the source of income is relatively inconsistent compared to regular jobs. In addition, trading has made a reputation about about its risk being high compared to investing and it also requires an initial capital in order to start.
Although it fails to be categorized as a regular job, it CAN be a source of alternative income to people who have day jobs. The yield of profit may be high but the risk it carries can be a double-edged sword as well.

Quote from: guoyu78 on February 27, 2019, 03:13:53 PM

Bitcoin cannot create job for any country (can’t help any country to create job).

It has the potential to create jobs but the nature will not be focusing on investment nor trading. If there exist creation of an investment institution where you are required to be a financial expert or any relevant expertise that focuses on cryptocurrencies, then we can infer that bitcoin became the platform for this opportunity (although it requires a background on economics).

shirackjs

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Trading is a high risk activity, I don’t think it is suitable to be a job for long term. Finding other options such as attracting foreign people to start business in the country by giving attractive corporate tax and tax rebates will help more.

leavolnhals

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a newly created market will often bring a lot of benefits to people and the economy. jobs will be created more and GNI will increase strongly. Many people without good jobs will often choose the crypto market to work.
But the transaction requires capital and a lot of knowledge. This is a high level job and it requires a lot of experience to be able to make money.
Traders must experience many failures to get a great source of income in the future.

Noa_Amable

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Quote from: Ararbermas on March 04, 2019, 06:34:36 AM

No because doing trading is not a stable source of income especially nowadays which market is very unpredictable because of some factors. But yes they can make doing trading as a side line unless if they can afford lossing money on it. Because making mistakes always happened especially on the first attempt because of being lack of knowledge.

the matter of stable income is not the matter actually.
healthy economy needs jobs which produce a real product.

Ararbermas

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No because doing trading is not a stable source of income especially nowadays which market is very unpredictable because of some factors. But yes they can make doing trading as a side line unless if they can afford lossing money on it. Because making mistakes always happened especially on the first attempt because of being lack of knowledge.

icecube45

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Crypto trading is not an alternative to creating new jobs. Crypto trading actually requires considerable capital to be able to start, we also may not necessarily be able to achieve profits because there are definitely stages and learning to be able to get a profit. Moreover, not everyone understands in running crypto trading, as in my country not everyone can trade crypto. So I don't think that crypto trading can help the country without jobs creating jobs.

emmybd

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Yes, crypto trading can help many people to earn a living, it can definitely create some jobs in many countries of the world. Over the past two years, many people have taken crypto trading as their primary source of income.

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