does bitcoin help in your economy? - page 10.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Well, you can't lose if you HODL. You only lose if you buy high and sell low. Buy and hodl and you'll be fine. Impossible to lose. The longer you hodl the more profitable you're going to be. And then you could (and should) help your family (if they need your help) why not? Cool

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

1000% yes!! bitcoin has helped my small family's economy and managed to help us through the difficult pandemic times that have passed. remembering the difficult times when the pandemic first appeared I did not expect to be able to get through it, because at that time my partner was laid off from work and we only survived from my mask online sale and through the btc signature campaign fee that I participated in at that time.

those who say bitcoin is bad for the world blah blah blah are people who don't want to see the world economy better, and also they don't want things they can't control to rule the economy.

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Bitcoin is far more than just a financial breakthrough, I feel obliged to remark. Yeah, Bitcoin has significantly aided my economy by providing a new avenue for financial growth. In a nation where there is inflation, investing in bitcoin will lessen people's suffering. Bitcoin is a long-term investment; you can buy it with your meager funds and profit from it will grow over time.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

I can spend crypto through gift cards. This leads to less fiat use that I would originally use since earning crypto is possible through my signature campaign while fiat earning is through day job. Hence the two sources of income mean more total income.

This may not be possible in all scenarios. There are countries with difficult to pass legal barriers to the use of crypto and for them this might not be possible.

Holding bitcoin for a better uee in future is another thing to keep in mind.

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Quote from: Sakanwa on February 20, 2023, 08:33:02 PM

Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Yes it has really help alot of people not just me in my country Nigeria this has made alot of people invest and do transactions over on bitcoin and when receiving and transact vie bitcoin it become big profit and has helped may in that invested in it and we no longer feel shaking over the unstable economy in my country.
I guess it can only help you entirely or anyone involve in these Invertement not to feel the shaking economy in most of our counties.

Not only do people from Nigeria benefit from investing in bitcoin or through trading, but people from other countries who already use bitcoin also feel the same way.
Even if they struggle to find work around them and eventually decide to learn how to trade bitcoins on exchanges, it can help them to make money from crypto.
It happens to many people, especially those who have invested in bitcoin for a long time and have already made big profits.
That makes them want to continue investing in bitcoin, especially at times like now when the price of bitcoin is still low.
Bitcoin can help our economy but it's only for people who want to do it while there are still many people who don't want to join bitcoin.

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My answer is of course yes, bitcoin can help everyone who has it for their daily needs, and there are also those who make bitcoin as a reserve fund and also a guarantee for old age or the future. But that doesn't mean don't use it and make sure the long-term holders will also use it to enjoy profits or buy something they've been hoping for for a long time, like a house, car and so on. And they will take advantage of it when the bitcoin price reaches its highest price, and only take part of the profit to enjoy.
and I personally treat bitcoin as a reserve fund that I will use when I really need it because my daily needs are met from my own work, and I treat bitcoin as a reserve fund to help me and my family when something unexpected happens related financial problems and it's very proven and also very useful as I feel because we never know where we really need money suddenly and bitcoin is the solution, and also being a very safe self-owned bank.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Yes it has really help alot of people not just me in my country Nigeria this has made alot of people invest and do transactions over on bitcoin and when receiving and transact vie bitcoin it become big profit and has helped may in that invested in it and we no longer feel shaking over the unstable economy in my country.
I guess it can only help you entirely or anyone involve in these Invertement not to feel the shaking economy in most of our counties.

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Quote from: Lubang Bawah on February 19, 2023, 10:22:22 PM

I have never heard that my country officially legalizes bitcoin, but information from several local exchanges that currently there is a tax that must be paid by traders so that my country receives the benefits of bitcoin, maybe the value or amount is not large so the state has not discussed it too much, but bitcoin is in my country has made many people successful and become millionaires because of mining, investing, and so on.

Even my country have got the similar stance. No one is sure of the legality of bitcoin within my country. We've got 30% tax to be paid on the profit out of cryptocurrency investment. Just because cryptocurrency is being taxed we've come to conclusion that cryptocurrencies were legal in our country. Nowadays more people are into cryptocurrency and the same is benefitting in different ways. One way or the other it is contributing to the personal and state's economy.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing.

The advantages and disadvantages of this investment are closely related to how the management of a person, Bitcoin investment provides advantages for some people who are able to master market techniques, and losses that befall someone in investing in Bitcoin are caused by several factors, we take from the buying factor, maybe they who suffered losses when investing in Bitcoin because he sold Bitcoin at a low price from when he bought it.

Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

The question is whether when you benefit from bitcoin, you can help your economy and your family?

When getting results from Bitcoin, actually it's not only the economy and also families that are helped, when Bitcoin's condition is good, or like the current market which is experiencing good conditions even though the increase is slow, this has provided benefits for those who hold Bitcoin of course the economy they will be stable and get excess extra money that can be used to buy other needs, either goods or other needs.

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It really does, not just in a personal manner, which it does help all of us too, but in a wider scale as well. It allows people who do not work or even work but not earn enough, to have a door to knock on. Doesn't mean you are going to make a profit in the crypto world, but there is that chance, not just by trading but by working and earning as well.

This allows people to have an option, we don't know if they will take that option or not, we have no idea if they will be any good in crypto or not, but we know that they will have that option and it is certainly an important thing to keep in mind as well. I do believe that it is going to be pretty important in the future.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Bitcoin is profitable investment only when you know exactly what's Bitcoin and I believe that Bitcoin investment have do with wisdom, Bitcoin can be profitable to you when you have mastered the business, so i believe that this business have to do with someone that knows it very well, because I see that the lose in Bitcoin when you don't know about Bitcoin is very much. So you have to know Bitcoin before you go into the investment.

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I have never heard that my country officially legalizes bitcoin, but information from several local exchanges that currently there is a tax that must be paid by traders so that my country receives the benefits of bitcoin, maybe the value or amount is not large so the state has not discussed it too much, but bitcoin is in my country has made many people successful and become millionaires because of mining, investing, and so on.

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Whether you help your family is entirely up to you. Not only by earning money from Bitcoin you can also help your family in other ways. Many people have earned a lot of money from Bitcoin and have done many other things besides supporting their families. You can do this too if you want, you just need to have a little risk appetite, enough knowledge about trading and patience. If these things are in you then I think you can make good money from Bitcoin.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

The question is whether when you benefit from bitcoin, you can help your economy and your family?

What is the name of profit from anything is clear that it can always help the economy of our family and ourselves in life and that is not only the advantage that is obtained through Bitcoin, but also other benefits, namely being able to help the family's economy and life in general.

Quote from: ivankoh on February 19, 2023, 07:27:30 PM

In bitcoin I've been getting some profits that have been accumulated for 3 years now. But for altcoins, most of my losses are huge. Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all. Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…

He only asked about the advantages of Bitcoin and did not mention any disadvantages from anywhere. Including your losses that come from altcoins, so I think you only need to give a very simple answer for him because the name of profit is something that can be utilized in life and of course it can greatly help the economy of his family and himself.

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Quote from: bittick on February 19, 2023, 07:40:26 PM

I'm sure it has been generating quite the incomes for everyone, even passive incomes ones was massive, even though it might be not limited to bitcoin only, there are many altcoins that have given massive income from the airdrops and bounty alone, like aptos where it really shake the entire crypto space with their massive airdrops, so in it really does helps a lot in term of economy.

Yes, in the past people had benefited good out of bounties and airdrops. Those days aren't anymore as the airdrops and good bounties are very limited. In some potential projects the airdrops are based on lucky draw which is unfair. Anyhow it is true that altcoins too have supported in the economy of cryptocurrency users through some means whether it is through investment or through some small promotion works.

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Quote from: ivankoh on February 19, 2023, 07:27:30 PM

In bitcoin I've been getting some profits that have been accumulated for 3 years now. But for altcoins, most of my losses are huge. Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all. Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…

If so then always keep more bitcoin and continue accumulating it. Bitcoin has helped everyone here, when we don't know about bitcoin, we never heard of it that it could really change lives and it really did.
As much as I don't want to sell my bitcoin holds, I have to do it a few times and I'm sure that I will have to do it again sometime in the future when the price is up and better again. But this time, I have to wait until it's higher, and thanks to it and satoshi for helping most of us and our families that it has added as another source of income.

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I'm sure it has been generating quite the incomes for everyone, even passive incomes ones was massive, even though it might be not limited to bitcoin only, there are many altcoins that have given massive income from the airdrops and bounty alone, like aptos where it really shake the entire crypto space with their massive airdrops, so in it really does helps a lot in term of economy.

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Each and everyone who had trusted bitcoin have got benefitted economically. This is a proven fact, and the important thing success out of Bitcoin comes through the patience one have. Whenever the market is bearish people easily get into panic state. Even at such situation we need to have the belief that the market will recover. Even the recent days market is an example. The price that was around $18k have reached $24k+ and the same could reach $30k or even more at the shortest. We need to hold and believe.

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Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

The question is whether when you benefit from bitcoin, you can help your economy and your family?

In bitcoin I've been getting some profits that have been accumulated for 3 years now. But for altcoins, most of my losses are huge. Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all. Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…

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Quote from: goaldigger on February 18, 2023, 05:39:10 PM

Quote from: Raceonsucced on February 16, 2023, 08:45:45 PM

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Crypto transactions in my country are growing, and this started during the peak of Axie game where my country is the leading adaptor when it comes to the volume of players, so since then many got interested about cryptocurrency and with this, it helped our economy to rise again even if its still on pandemic. Many people enjoyed their winnings and profit, somehow there’s a domino effect on this that eventually can be a good one to the economy.

But isn't lots of people lost money on Axie game? It was good until it last. Now many investors had lost huge amount of money so how does this helping the economy? As far as I know Bitcoin help the country by enabling new kind of start up to trend. Since Bitcoin Industry is still young, the possibilities and opportunities is everywhere, company and start up that wanted to take advantage of Bitcoin giving employment and possible tax to the government.

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