Topic: Economy going up and up everyday (Read 3377 times)
In fact, the Fiat currency is already money from the air. It is not backed up by anything and has no actual value. Bitcoin and cryptocurrencies in General are also not backed up by anything. However, they are much better than the Fiat currency, because they have a uniqueness that you will not find anywhere else.
Globally, the economy is not improving. It has become really much better in most of the developed countries that are located in Europe, and North America.
There is a crisis in many countries. I do not think that the economy of most of the countries is improving. The life level of billions is still very low - people are trying to survive under these conditions simply.
We need cash for the old generation to transact. But encrypted money is the future because:
1) It reduces corruption. One of the primary reasons behind uneven distribution of money is that it is available mainly in cash form.
2) Crypto is something that can be integrated with other payment forms as well.
I like your first point. And you know why these government officials are opposing bitcoin, because they know if bitcoin would be there, their corruption shops would be banned. 1) It reduces corruption. One of the primary reasons behind uneven distribution of money is that it is available mainly in cash form.
2) Crypto is something that can be integrated with other payment forms as well.
Globally, the economy is not improving. It has become really much better in most of the developed countries that are located in Europe, and North America.
There is a crisis in many countries. I do not think that the economy of most of the countries is improving. The life level of billions is still very low - people are trying to survive under these conditions simply.
yes, I agree with everything you say, and I also appreciate your thoughts. indeed, nowadays, most people already know about cryptocurrency, and they try to make money from cryptocurrency. but all that will not affect the national currency and the bank. because fiat is still used for transaction activities every day, and banks are still an option for some people to invest their money. but I am sure that in the future people will leave the bank, and they have cryptocurrency. on the grounds that the security and tax factors will be borne by them. and I am sure with cryptocurrency, it will probably further improve the human economy.
But that doesn't necessarily mean that cash will go away, I think people are attached to cash a lot and it's a different feeling when you have cash.
In my opinion, your opinion is true. Why ? Indeed, cryptocurrency is now much interested, some people consider cryptocurrency as a valuable asset to them. but cryptocurrency has one weakness that is not the official currency. cryptocurrency is just a virtual currency in the digital world. so this is where another function of cash is to be a medium of exchange for cryptocurrency, so the selling value of cryptocurrency can be used for in the real world.
Always remember, if people get more interested in learning BTC and crypto, always remember that there would still be people that will state negative thoughts and false news about BTC, and in that way it can either be a downfall since people will spread false negative news and at the same time it won't be healthy for BTC and crypto once people sees the wrong idea, though I understand how helpful BTC and the whole crypto can be in the economy of our own countries.
I do not have the same opinion with you and the recent evidence that financial markets have fallen sharply. This is due to the ongoing trade war between many countries. In addition, inflation in different countries and it is gradually rising above the average 6%. So our economy does not go up daily, it's linked to a lot of factors. We can not confirm.
As people trade daily, expect a fluctuation in the economy, we can not have a stable economy in as much as there is regular price variation globally due to difference reason, which can be political, festive season, oil demand, to earn in the cryptocurrency economy we must be strategic, invest when the price is down and take profit during the bullish period.
The last time i experienced a very good economic hike was last December until last January this year. It was when bitcoin hits its all time high and altcoins are surging high too which equates a very good economic growth.
yes, as the human population increases and the technology develops.. it shows that the level of human needs is increasing, people's purchasing power for basic needs will increase, this will indirectly make the economy going up because money continues to spin in society... in the future, I'm sure cryptocurrencies and Blockchain technology will make the economy going up and up.
we know the blockchain works more effectively with decentralization system. with faster performance, it certainly makes work more smoothly, so that it will lead to economic development
Economic fluctuations are usually normal. It is just natural for us to have such swings so that it reflects a real life scenario. What matters most is for us to have more of the upward economic trend.
yes, as the human population increases and the technology develops.. it shows that the level of human needs is increasing, people's purchasing power for basic needs will increase, this will indirectly make the economy going up because money continues to spin in society... in the future, I'm sure cryptocurrencies and Blockchain technology will make the economy going up and up.
the economy is experiencing an increase, inevitably along with the times and technology, therefore crypto currencies might be created which might make the economic system that will be more developed by following developments and technology
You're right. But I would still consider cryptocurrency now as one of the areas of investment. This is especially true for you, since you have knowledge of the stock market and you understand the basics of economics and trading. You can consider cryptocurrency as one of the components of your investment portfolio. By the way, some cryptocurrencies can give you an additional 3-5% per annum for owning tokens. For example EOS. It uses POS technology and is in the top 10 CoinMarketCap
Globally, the economy is not improving. It has become really much better in most of the developed countries that are located in Europe, and North America.
We need cash for the old generation to transact. But encrypted money is the future because:
1) It reduces corruption. One of the primary reasons behind uneven distribution of money is that it is available mainly in cash form.
2) Crypto is something that can be integrated with other payment forms as well.
1) It reduces corruption. One of the primary reasons behind uneven distribution of money is that it is available mainly in cash form.
2) Crypto is something that can be integrated with other payment forms as well.
yes, this is a good news for a growing and growing economic momentum, this is what you called freedom so many people and company trust cryptocurrency there some acknowledging and bankers society welcome bitcoin as new edition of cryptocurrency era.
Yes of course, Economy will still going up and up everyday but some of the currency still won't reached that kind of goals. And here in my country I can say that our country are one of the fastest growing economy last year and it really help us to be aware of how to use bitcoin in our country to make some changes even it is not yet legal here.
this is an economy wheel, money will spin constantly in the middle of human beings, be it Fiat as well as a cryptocurrency. Each of them has a different place and is still needed. Here we will know that the economy will continue to rise where people make innovations. Vice versa.
the opinion that you convey is true that the currency will always experience changes especially crypto currency is very difficult to say stable because it has become a risk in investing In my opinion, the economic growth of a certain country depends on the development of the higher employment of the community.
In many countries, the economy is simply falling. I live in the area where the people are not happy with their life level. Therefore, many of them start to work with the cryptocurrencies to change something for the better.
Crypto currency has given a very good opportunity for unemployed people without any government involvement. But the government are not supporting it because they don't have control over it. The government are not providing any opportunities to the people who are well qualified and start working their own by working on cryptocurrencies.
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