Topic: does bitcoin help in your economy? - page 5. (Read 1484 times)

Of course we can be of help to our family and economy if we personally benefit from Bitcoin. We can use the earnings we gain from investing by helping our family with their finances for them to have a better life. We can put up a business that could give employment to the people who needs a job, with that we can help or contribute to our local economy because our government will benefit from the taxes that will be paid by the business that we set up. But of course we should know the risks in investing in bitcoin, not all the time we are guaranteed to take profit because of the volatility.

If bitcoin is not of benefit to people, you wouldn't find people investing in it till this very moment. Bitcoin has been of help to me and my family. I can't even begin to count how many times it has improved my financial situation and that of my family. Nowadays, me and my family member do spend money comfortably in the knowledge that he will eventually recover it by applying the DCA strategy on bitcoin.

Bitcoin has helped many countries as far as I know especially in economic matters. Maybe bitcoin won't be accepted in a country if the leader knows it won't help their economy, right? Only here in our country I know that there are more and more people interested in bitcoin and they are waking up little by little to the help it can provide not only in providing income but also in other things of course.

everyone has some sort of advantages with investment and bitcoin but those who cannot afford daily expenses cannot make investment in Bitcoin as it is not a cheap coin. Those who already have bought bitcoin are financial stable so they easily can manage their family expenses as well as live a suitable life.

There is no doubt that bitcoin is higher profitable coin but one can also get afraid when the price goes down so in that situations the life facilities become hard to find for those who just depend on bitcoin and do not have another job.

All I can say that, it might be transparent to other people but Bitcoin gave a lot of opportunities to people in my country that are engaging in this industry, for sure once they profit they might opened up a business or buy things using the funds from Bitcoin. In short it still contributing to the number of funds in the economy so despite the economic issues, bitcoin might not get affected by it's inflation it might pump up so people wouldn't be affected by inflation if they have funds for BTC.

I also want to know the basis of someone who has experienced losses when investing in bitcoin, if it is based on a lack of understanding of market analysis then what must be increased is the level of knowledge about it. Basically when people understand how to invest and are able to control the panic, I think it's easy to avoid losses from investing in bitcoin.

The purpose of investing is indeed to increase the level of the economy for the better and bitcoin provides opportunities for anyone who wants to get involved, but don't think about getting rich in an instant when you decide to invest because what needs to be understood is that there is a process that needs to be gone through and investing doesn't go as easy as that's thought.

There has been a lot of positive impact on investment decisions in bitcoin and today I have seen a big change in the decisions that are made. Bitcoin has brought a real change in increasing the level of financial income and I think almost everyone has had a good impact after investing in bitcoin.

Exactly. Bitcoin has the potential to bring positive changes not only to individual economies, but also to the global financial system. In addition, Bitcoin's anti-inflationary property can protect against currency devaluation and promote steady economic growth. It can also play an important role in developing countries by providing access to financial services to people who may not have had access before. With Bitcoin, people can store and transfer value without the need for bank accounts or expensive remittance services.

This can encourage financial inclusion and encourage economic growth. Additionally, as more companies and merchants accept Bitcoin as payment, it can stimulate the local economy by increasing the number of transactions and facilitating trade.

The emergence of crypto currencies as technological advancement, has not only  transformed the life of early investors, who seized opportunity by investing in it, but also it has opened up new opportunities for software developers who specialize in development of new projects and also provide support services on crypto exchanges. I personally benefited from my investment in early 2017 and harvested significant returns in 2021 during bull cycle.

Apart from being an investment opportunity, it can potentially change the current financial system to be decentralized and anti-inflationary one.

Making a profit from Bitcoin is certainly very possible but it depends on how we manage it,
for long term investment it will be profitable but on the other hand it is not an easy thing too,
In addition to knowledge and skills of course patience is also very necessary.

People who are losing money investing in Bitcoin are very concerned about Bitcoin. Since the price of Bitcoin is unpredictable, don't be nervous about investing in Bitcoin. A restless mind can never profit from investing in Bitcoin with humanity.The use of bitcoin is increasing day by day, so everyone believes that bitcoin or any other crypto can definitely help the economy by increasing the purchasing power of people. People are now investing in bitcoin as one of the ways to earn money in addition to doing jobs. Since Bitcoin investment is open to everyone, more and more people are investing in Bitcoin.

apart from all that now we are talking about Bitcoin for ourselves, can it help the economy or can we benefit from Bitcoin, of course I think the percentage is very large for people to be able to take advantage of Bitcoin either from trade or other because the price of Bitcoin is fluctuating allows the possibility of taking a large enough profit although it can also happen the other way around if it is not based on knowledge or other things that influence.

I assume that people who earn with the help of cryptocurrency very rarely use their earnings to invest in a business, since they try to direct the earned profit to further investments, often it is bitcoin.

This can only help in such a way that when bitcoin rises in price, these people will become wealthier and therefore spend more, which is good for the economy. But I doubt that the example you cited will contribute to the creation of new jobs. At the moment, bitcoin is an opportunity for everyone who is willing to take the risk of investing now in order to gain freedom in the future.

There is no official report whether Bitcoin can help my country or not, but from some local exchanges has now implemented a tax discount for crypto sales to fiat, of course this provides input to the state even though it is still in small amounts, and in my opinion if you want to get the maximum profit then The state must legalize bitcoin.

    -  Right now in our country, Yes, bitcoin helps our economy because many merchants in this era accept Bitcoin and other altcoins
known in this industry.

In addition to this, the average level of the number of crypto enthusiasts or bitcoin lovers who enjoy it has also increased at this time.
In fact, many people are now holding in our country for the upcoming bitcoin halving next year.

Bitcoin, like all cryptocurrencies, has many advantages, but the two most important of them are:
1) that you can multiply your capital as a percentage, and even use the system of compound interest - the very phenomenon why the rich are so rich.
 2) what you earn at home, alone. You don't need to meet people, you are free, there is noboss. No documents are needed, everything is automated and anonymous.

Not that I support this view, the apparent fact is that Bitcoin and other cryptocurrencies are based on blockchain technology, which has the potential to transform various industries and create new business opportunities. As more people invest in and use cryptocurrencies, developers and entrepreneurs are encouraged to explore new use cases and applications for blockchain technology.

I think this can lead to the creation of new products, services and job opportunities in the technology sector. Additionally, investing in Bitcoin can help diversify an individual's investment portfolio, which can result in a more stable long-term financial plan meaning that different asset classes, including cryptocurrencies, investors can reduce their overall risk and potentially increase their returns over time. to time.

The question now is are we all interested in BTC now?

Investing in Bitcoin wisely is more like you investing in a business. Since a business will add to the economic growth of your country, Bitcoin will also go a long way to help the economy as people who invested wisely are making their cash.

It was a few days ago or rather 10 days ago when the bitcoin price dropped back down to 26k levels. At that time I tried to speculate, namely buying bitcoins in large quantities. this purchase is not for the long term. because I also have routine accumulation for the long term. But this one is another purchase I'm hoping to turn a profit on in a few days. because I'm pretty sure BTC will be back up by then. I bought in large quantities. usually I'm not like this. then I put a sell order at 30k. and actually I didn't expect that in just a few days my speculative large amount of BTC has actually been sold. and of course I get quite a lot of profit because I sell in large quantities. and then I got the news that one of my family is out of debt. and right then and there I started withdrawing the money from the trading profits and gave it to one of my family and I told him to pay off the loan he had. and yeah this is one of the steps that I did via bitcoin and helped one of my family members. and actually at first I did not intend to use the money (profits) to be disbursed into fiat. and I will initially add it to my long-term accumulated bitcoin entry amount. but when I heard one of the brothers from my family was confused. So I don't hesitate to help him. but to be honest I don't dare to speculate again for short-term trades like that if there isn't a right moment. the right moment is when the market suddenly turns red quickly. because usually this is always an indication that there will be a price bounce that is just as fast.

Also, some also uses their profit it crypto trading and other sources from it to start a business. In this way it can help the economy to grow more since it is a fact that small businesses have a great impact in the economy especially in our country. Also, it can be a form of employment for those who does not have job so in that way it really minimizes the unemployment rate unofficially since this cannot be recorded by the government. Lastly, bitcoin and crypto awareness that makes them engaged in it making the people more financially aware and included so that they can make them financially secured in the future

It is possible that individuals who benefit from investing in bitcoin can help their economy and their family. For example, if someone invests in bitcoin and earns a profit, they can use that profit to support their family and invest in other areas of the economy. Additionally, if more people invest in bitcoin and it becomes widely adopted, it could potentially lead to positive changes in the economy as a whole.