does bitcoin help in your economy? - page 11.

Ndabagi01

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

Giving back to society, regardless of how little of your income you have, is very important to me. This will aid in contributing to the country's economy. It can take the form of charity, assistance in the development of social amenities in the community, and so on. Giving back to the family is the primary goal, because charity begins at home.

Bitcoin investment has played an important role in the lives of many people who have found a way to make a living from it. It has benefited some people through trading and other means. Reducing the number of unemployed citizens in society is already a step toward improving the country's economy.

dothebeats

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In some ways it did. I know a lot of people who got rich here because of bitcoin and crypto, so that definitely boosted their spending power which, in turn, helps the economy in some ways. Most of these crypto guys that became rich now have also their own businesses today, and that's another help that bitcoin and crypto did to the economy. While it does not directly help in everything, in a way or another, it helped create new millionaires which created new businesses and jobs.

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Quote from: Yamifoud on February 18, 2023, 04:37:32 PM

Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

Some people can't appreciate it and can't see the benefits it has but for me, I would say that it helps me a lot. The reason I come to investing Bitcoin is to earn money and gladly I'd never fail what I expected to happen. Of course, not really it gives me profit or to anyone. In fact, I'm also suffering losses in my early days due to bad decisions but I never quit and learn from those mistakes until I succeed and come into my current situation now where I can provide a good living for my family. That is the benefit that we are able to get from hard work and patience in investing in crypto.

It's good to know that you are able to provide financial support to your family through crypto earnings. As you mentioned, those who are hasty in the process and try to learn less and earn more are more likely to see failure encountering them almost every time until they realize that it's not a road that easy to cross but there are some techniques and things that need to be considered.

If someone starts investing without even learning at all, they are most probably putting their capitals under risk. I know that a person can learn from their mistakes, but sometimes it's better to learn from the mistakes others made already going through the same path and not to follow that.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

Not solely bitcoin, but adding bitcoin to bitcointalk forum and Stake casino I can say thanks to that junction of factors I'm able to benefit myself economically and also help my family monthly. However, if I was simply investing in bitcoin, without other sources of income involved, I believe I couldn't say I was being benefited at all in a sustainable way, because I would have to use my holdings for daily expenses and emergencies, therefore at some point I wouldn't have bitcoins from early years of investment anymore.

So it's important to respect the time bitcoin takes to mature into a more valuable asset, while not using it for banal reasons, rather using it for growing your patrimony even more, like purchasing a house or property, for an example.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

If some people are losing by investing with a deflationary asset then I believe such people are not at all suitable to be the investors at first hand. Bitcoin is a highly fluctuating asset but a safe heaven for long term players which means you will never be in loss if you crack the method of how to invest and profit with bitcoin investment.

If individuals are able to benefit out of bitcoin (it can be either in short term or long term) then the society where those individual belonging to, also will benefit in multiple ways like spending power and its taxation. So, anything which is profitable definitely will help the economy; no exceptions.

maydna

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

When I benefit from bitcoin, it can help my economy and my family and even help me to have money to meet my daily needs. And I've felt it all these years and still want to use bitcoin to earn more. By investing in bitcoins, people can benefit if they learn more about how to invest in bitcoins properly and manage the risks that may arise from movements in the price of bitcoins. If you are still losing money investing in bitcoin, you have to be patient because there is time for you to get big profits from bitcoin.

Fuso.hp

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Investing in Bitcoin has a great potential for profit as well as loss. The bottom line is that investing in Bitcoin requires you to accept risk. If you can accept that your assets will be at risk here then you can invest. But if you have enough knowledge about investment and trading then you can earn good profit by trading and with that earned wealth you can help your family.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

When Bitcoin grows in value, one can either use it directly or sell for fiat. In any case, this money can then be used to buy goods and services, which means those businesses can get funds to pay their employees and invest in new products, and if these goods and services are purchased not just for one person, but for somebody else or a few people, it also helps support the quality of their lives. So yes, Bitcoin directly helps the economy and families (including mine), as long as people are responsible investors and as long as it's not infinite hodling.

DrBeer

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An asset that has no real value, which is purely a tool for speculation, cannot be saved or helped. It gives a chance, units, in a certain situation to earn, at the expense of others, not so lucky. Yes, yes - a speculative resource generates profit at the expense of a loss or loss of funds of others. Look at the history of bitcoin? Yes, now it seems that the process of another price inflation has begun. Someone is hoarding, expecting $60,000-100,000-200,000 per bitcoin. After which they are at their peak, or thereabouts, they will sell it. Will be sold to the masses who do not understand that this is actually a dummy. And the more cunning ones will receive DOLLARS, and the bits in the network, bought at the peak, will remain in the hands of millions of "fools". And then there will be another fall in the rate .. And the majority will hold these satoshis until they fall to 1/10 or even 1/100 of the value at the time of purchase. Then the cycle will repeat. The question is, how will such a scheme help someone? Well, except for a few cunning people?

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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 very helpful.
I know Bitcoin is classified as new among my friends, understand that I come from the interior of a village far from technology access, in 2011 I decided to migrate to the capital, after 2 years I migrated in the capital that's where I knew Bitcoin.
After I learned from some of my friends about how to inform, I started to inform my savings in Bitcoin, and I felt the results of all my infestations now, so that I used to sleep at my friend's house, now I am able to build a house and make a business from My infestation results are in Bitcoin.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

Economy means money, as long as that work or investment makes you money, it will benefit you. Bitcoin too, if you make profit from bitcoin it is helping your economy better. Bitcoin is becoming more and more popular and used, which shows that it is having a positive impact on the economy of many people. And I like many people here, bitcoin helps me a lot in improving the economy. I really feel lucky to know bitcoin and don't let this chance pass, you are also a lucky one early bitcoin.

Alisha-k

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Bitcoin has and is still helping my economy though along the line, our government had to ban it's use for reasons best known to them, I think the ban has been lifted though. But I must say, so many persons have gotten job opportunities from Bitcoin, so many of us no longer nother whether our government can provide us with employment or not, we're okay with what we have.

Mr. Magkaisa

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

- Here in my country, bitcoin helps our economy. Because maybe there won't be many merchants here who accept bitcoin if it doesn't help, maybe it's just that simple, right?

Then there are many bitcoin enthusiast communities here and we already use p2p transactions here online in our local wallets and even in other exchange platforms in the crypto industry.

fuer44

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Quote from: xSkylarx on February 18, 2023, 08:40:47 AM

Quote from: fuer44 on February 18, 2023, 07:17:12 AM

Quote from: Ludmilla_rose1995 on February 18, 2023, 05:46:22 AM

Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing.

Maybe you can be more specific about which sectors you get income from bitcoin because I'm also interested. Is it from investing, trading, mining, or something else?

Your answer will be very helpful
Thanks

Sorry to interfere but for sure he is getting profit from trading as mostly he talks about trading and about bitcoin speculation. I think most of us earns on this , mining right now is getting difficult you need to have a farm to see the big profit on it but if you are just mining on your own then the profit is low and brought you small money but still you have passive income. Most of my friends that tried mining before quited right now its because the electricity is very expensive in our country and they switch to future trading.

Meaning if we want to start trading, then we must have a large capital right? Because with small capital like under $ 100 in my opinion it is still not enough to get big profits from bitcoin considering the price movement is only a few percent. But if we think for long term investment, there is still a possibility.

What I underline here is, is it possible to earn from bitcoin without the need for large capital or even without capital at all?

isaac_clarke22

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Some people here in my country just do benefit for the sake of profit while I do benefit from both. I hold Bitcoins in a separate wallet just for keeps and to never ever make a transaction from it in a long time.
Another one is I use Bitcoin to pay online which is quite convenient. A couple of crypto apps here in my country helps me accomplish or sate that need. It might not that beneficial in "large scale" but surely people are benefitting the same way as me.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

If we are talking about my family and sure it does really help a tons. Especially in 2016-2017 where ICO was first announced and everything felt really unique and fresh, so you could actually invested some of your money into there and you got your money back also the profit you got after those projects listed in exchanges. Because of that I could help my family a little and helped the economy a little bit which was really surprising for me back then.

goaldigger

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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.

Yamifoud

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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?

Some people can't appreciate it and can't see the benefits it has but for me, I would say that it helps me a lot. The reason I come to investing Bitcoin is to earn money and gladly I'd never fail what I expected to happen. Of course, not really it gives me profit or to anyone. In fact, I'm also suffering losses in my early days due to bad decisions but I never quit and learn from those mistakes until I succeed and come into my current situation now where I can provide a good living for my family. That is the benefit that we are able to get from hard work and patience in investing in crypto.

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Quote from: Raceonsucced on February 16, 2023, 07:45:45 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, maybe somehow it can affect the economy since if we earn/get bitcoins or any other cryptocurrency from any medium or way, we use that in our local currency to spend on our daily lives and stuff, which generates sales and sales generate taxes for the government and that surely adds to the economy.

About the family part, if you are earning well, it's surely helping your family and fulfilling their needs through you. I know that a lot of day traders are living their lives off of their profits through trading (if they are doing it well, by taking calculative risks), and that is possible if you have a good enough capital to start with and some knowledge and experience at hand. You can surely support your family through it.

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Quote from: Yatsan on February 18, 2023, 09:02:05 AM

It helps certain individuals especially those who has the money for investments. Some projects do also help people such as those which has paying airdrops, campaigns, and other tasks but that speaks for this industry in general not only Bitcoin. Bitcoin will only help the economy of a certain or particular country if transactions under this chain would be taxed 'coz if it will be few people who'd benefit from it I cannot see Bitcoin helping the economy of my country. This industry is neutral in my area wherein it is not prohibited but is also not supported or being promoted to people. Economy is different from wealth of people in a country, just to break the misconception.

Bitcoin only makes many individual economies better, but bitcoin cannot help the economy of a country. The impact of bitcoin on the economy at a macro level like the country or the world is nonexistent.
Bitcoin has also improved my economy as I have been lucky to get huge returns on bitcoin investment since 2017.

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