Topic: does bitcoin help in your economy? - page 8. (Read 1509 times)

yes, of course what you are asking is really happening if someone is focused on making profits with Crypto, whether it is the profit obtained from bitcoin or from Altcoin Trading. and what is certain is that every profit you get from Crypto can make my economy stable and can cover my family's needs

To be honest, I don't just trade bitcoins, and my answer is yes, I help finance my daily life, buy vehicles, pay bills, almost everything is done from that.
and in the last 3 years I have only depended on online income.
but now market is very crucial and i dont have some capital to trade, so i will start again from the first.

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.

Apart from the economy, the presence of Bitcoin itself can also be used as an alternative from all aspects which are of course related to needs and as well as one's knowledge both in the field of livelihood, alternative payments and also the benefits of investment. Management of financial stability also depends on management and the principles of a holder. from here we realize Bitcoin will play an important role when we can manage it as well as possible. but so far I've seen progress that works for you, and congrats.

since knowing bitcoin until now of course I feel very helpful in my family's economy, and this is very felt during the pandemic period last year all of us were difficult to get a job but with the existence of bitcoin and following several projects, my finances are very stable to use in everyday life, although we also experience losses but for me there are very many advantages that I have felt so that until now the world of bitcoin is very  It is useful for me to earn extra money to meet the needs of the family.

I think there are many aspects that every government must pay attention to to give permission for Cryptocurrency to develop and run well in a particular area, especially they have to consider it carefully, but I think every government will issue different policies, because so far we realize that Bitcoin has not been fully legalized in every country, and some countries still do not issue permits for cryptocurrency, I think this also has an impact on other countries and is a consideration for a country, of course.

How can cryptocurrencies help your country reduce unemployment? To be fair, cryptocurrencies are no different from a gambling game, and there will be winners and losers. Have you ever thought that when you invest and bring profits, where does that profit come from? The government doesn't print money and gives it to you for free. That profit is someone else's money in a losing market, the financial market is no different from gambling, where we take each other's money. Wake up, don't be delusional.

There is no official report whether bitcoin is useful for my country, but some local exchanges apply taxes from cryptocurrencies transactions, and of course this contributes to the country, of course I hope my country will immediately legalize cryptocurrencies so that it can provide more benefits and reduce unemployment.

yes, there will always be a side that can contribute to economic development when you want to make bitcoin an additional livelihood from all the activities that may have been carried out so far.
In its development, it is hoped that widespread contributions with the existence of bitcoin will be increasingly usable, so that every transaction can make the convenience that can be obtained from bitcoin.
although it may not fully contribute to the economy but it will continue to grow and become easier in the future.

I will not go to the extent of reducing world poverty as that need way more involvement of governments than theymos running a forum with signature campaigns.

I can agree that many low income countrymen have been earning from signatures and they have perhaps made it possible to balance the fiat and bitcoin to cover major spending per month. To be able to post in this forum with decent post quality you need to be educated to a certain level and possess a working device with internet. Poverty will remove all these "luxuries" from people, which is the reason why I made the statement above.

This forum is made of a niche group from the world population, defenitely not the poverty-stricken class.

First time earn profit from Bitcoin around 2017 with fantastic amount about 1 BTC, have worth estimate about $10,000 I am so excited with my first profit and use it as capital for trading. Right now my financial almost freedom after knowing and investing in Bitcoin. Have expectation with Bitcoin keep stable on higher price because have investment assets still drop after Bitcoin crashing last years.

But we can't talk with one side only about how advantage and Bitcoin help in our economy, many people loss their investment funds after investing since Bitcoin reached all time high price and need waiting longer time until right now.

I think you are somewhat wrong here, mate. Let me tell ya. Never invest anything that you are not willing to lose. So if you are willing to lose it, there will be no problem with his family. Because it is something that you separate and only keep for trading and investments. So that should not have any impact on your personal life and your family. If you mix it, then you are in a big trouble.
And one thing I agree and everyone agrees to that, no one should enter in investment and tradings if they don't have proper knowledge about it. I hope you understand what I am trying to say. 

The emergence of problems due to loss of money is quite logical. But if one really has to trade for profit and money, I don't think it can only be done here or in the crypto space. But a person can make good trades in many strategic places because each trade has different risks, so after understanding the level of risk and the flow of trades quite well.

It would be great if someone could immediately act as you suggested, but one must be able to trade two different models in different places. An example is like trading in the crypto space, but someone also trades outside of crypto so that the economy can be greatly assisted even if he loses in one of his trades.

Bitcoin help people in many ways,some become a self sufficient and economic independent form bitcoin.Because bitcoin help us to earn some money by using the forum and Signature campaign.Most of us earning bitcoin from the forum as weekly payment,So it help to use for our basic needs.To extreme,it had help the people from various countries to earn a life with some food.It had reduced the world poverty with 20 percentage from bitcoin earnings.

You said a very important word, which describes why bitcoin will not be a salvation for the economy or for people. You have to be patient for a long time. You have such an opportunity. But people usually need a return on investment in a fairly short term. And very few people can freeze a significant amount of funds in such an asset, And you need to understand that volatility adds gray hair to you, and does not guarantee that even after 5-10 years you will receive a 100% PROFIT that will cover at least inflation
Volatility, lack of legal framework, lack of real value of cryptocurrencies - all this makes investing in cryptocurrencies a very risky decision.

Why do people sell? Many people need money "tomorrow", and if they see that the value of an asset is falling, and the next wave of growth is in 3 years, and they need funds earlier, they are FORCED to sell. Because there are no guarantees that it will grow so that you can cover the costs of freezing funds. Say - you can guarantee that:
1. Bitcoin will rise above $60,000 within 2 years.
2. You can guarantee that the up/down waves will not stop and bitcoin will not stabilize around $20,000
3. Can you guarantee that bitcoin will not fall below 20.000 in the 2-3rd run?

If 1-yes, 2-yes, 3-no - it makes sense for you to sell everything you have, including housing, and invest everything in bitcoin now, and just live for 2-3 years in a rented inexpensive apartment, but then you will just multimillionaire! But something tells me you won't.

Yes Bitcoin is beneficial in enhancing economy but the process will require time and your patience, it does not occur quickly as we are hoping. Investment in bitcoin can increase the amount of money you used to invest.

Lots of people have invested money in Bitcoin and it become a way of earning as it is famous successful coin. It play a vital role in enhancing value of money and hence provides a good lifestyle to numerous individuals.

However sometimes a condition become unfavorable for you and may be against your hopes so whenever it happens then instead of selling bitcoin and loss all your money, waiting for the best moment will recover your balance.

Increasing income and decreasing income actually depends on you that how you act according to the market situations. Because Before doing such activities and putting money you will be aware of the reality that how volatile it is.

I think if he trades and earns good money from here then he will be very happy with his family. And if he trades wrongly and loses his money then he will face a lot of problems with his family. So I think before doing anything  It will be very good for him if he has to trade after understanding well. And if he trades without understanding anything and loses his money, all the members of his family will be in a lot of trouble. I think that.

People who lose are the people who sell. Bitcoin proved to be profitable in the long term, at least till now, so people who lost are those who bought or sold at the inappropriate time (and are theoretically able to recover the loss if they held). In my case, I have been here since 2016, so I'm supposed to be earning good profits as a reward for my patience. Although the price is down 70% from ATH, I'm still in profit considering that Bitcoin is up 2500% since then. In addition, Bitcoin helped me indirectly to do some online jobs and get paid, as Paypal restricts my country from using their services.

Of course bitcoin has helped me financially over the years, and I think it has helped a lot of other users financially over the years as well.

To be honest I do not trade, but invest. But in the last 2 years bitcoin has given me really good returns so my economic status has improved. Of course not completely, but for the most part it has helped. I even hope that bitcoin will also help me in the future, especially about finance and financial transactions.

Honestly, yes. Although I don't have so much Bitcoin, at least, Bitcoin has changed my mindset, my activities, and also my finances. I cannot say that Bitcoin is perfect to help my economy, but I can say that everything changes so much since I know Bitcoin, widely I know cryptocurrency and several activities in relation to Bitcoin.

Bitcoin may be a risky asset, but as long as we know how to manage it, I really assume that this will help us to have better conditions. Although many FUD and people spread the bad news, it will not change my mind about Bitcoin, because I hav,e got the benefits.