Topic: Effects of Crypto and Bitcoin on the Economy - page 2. (Read 392 times)

Yes, the impact of cryptocurrency on cross-border transactions is definitely one of the key advantages of using Bitcoin and other cryptocurrencies. By eliminating the need for intermediaries such as banks, these transactions can be completed faster and more efficiently, with lower fees and fewer barriers.

The cryptocurrency gold rush has produced a lot of jobs, with the share of cryptocurrency jobs per million rising 1,457% over the past four years, according a study by job site Indeed.com.

Despite drastic price fluctuations (Bitcoin’s volatile value shot up more than 230% in the first six months of 2019 to above $12,000 per Bitcoin) and nearly half of companies citing regulatory uncertainty as a major barrier to blockchain adoption, employers continue to ride the wave and invest in blockchain tech and talent.

Mark Zuckerberg, for instance, wants to launch Facebook’s Libra, a new global cryptocurrency, in 2020. And digital payment giant Square recently assembled a crypto-focused team, Square Crypto, with the goal of strengthening the Bitcoin ecosystem. You will also soon even be able to spend Bitcoins at Starbucks through a new exchange app that converts digital assets into dollars.

Indeed analyzed millions of job postings on Indeed.com to unpack how Bitcoin, cryptocurrency, and blockchain trends have affected the job market.

Searches for Bitcoin, blockchain, and cryptocurrency roles are going down — yet employer demand has skyrocketed. According to Indeed, in the four-year period between September 2015 and September 2019, the share of these jobs per million grew by 1,457%. In that same time period, the share of searches per million increased by 469%.

In the past year, the share of cryptocurrency job postings per million on Indeed.com has increased by 26%, while the share of searches per million for jobs has decreased by 53%. Bitcoin’s volatility seems to correlate with job seeker interest, and the change in Bitcoin price this year might be why job searches have declined.

Top 5 crypto tech jobs
So employer demand for tech roles related to Bitcoin, blockchain, and cryptocurrency is high — but what are those jobs?

From coding smart contracts to designing user interfaces for cryptocurrency apps to building decentralized applications (dApps) that communicate with the blockchain, there’s no shortage of work to be done in the cryptocurrency field.

For a better chance at landing one of these roles, you should be a programmer. And you should familiarize yourself with basic cryptography, P2P networks, and a language like C++, Java, Python, or JavaScript (along with certain soft crypto skills).

This can give work to to people cannot get a job on their place there's wide opportunity given by the industry to all people who's using it. Also there's less discrimination here since anyone can work with the jobs as long as he is skilled and know how to work on the assigned project. This is the good side about this industry should be look after by government and not those negative things they can read online since if many of there people can bring huge income on their country for sure it can bring some good effects to their economy.

Crypto can help those who want to try to earn money, and they can even start with a small capital. They really have to work hard to earn money to improve their lives because crypto provides an opportunity to make a lot of money. Only if they want to learn and try hard can they succeed while others still look for ways. We have to find a suitable way to make money, and by doing many things, we can do until finally, we can really make money.

A cryptocurrency become popular in many countries in the past years, one of the reason is the spike of the market price of Bitcoin which become a trend. There are a lot of people that wanted to invest on it because of the profit on cryptocurrency especially on Bitcoin where a lot of people believed. There are also cryptocurrency that become popular like Ethereum, Dogecoin, XRP etc. But what is the effects of cryptocurrency on the Economy?

The cryptocurrency like Bitcoin gives us investment opportunity, With the spread and trend of cryptocurrency, many of us have invested in it because it can potentially provide us with high profits, even though it comes with significant risks. Having this opportunity has allowed many of us to earn, and as a result, our capacity to establish businesses that can contribute to the country's economic growth has grown.



In the cryptocurrency industry, only a few people have enough knowledge about it, and professionals with skills and knowledge in blockchain technology, programming, etc. are needed. The Cryptocurrency has created jobs in our country. Many crypto-related businesses have emerged in a lot of country, such as exchanges, which many investors use and surely hired professionals. If the spread of crypto continues to grow in a lot country, it can provide many more job opportunities.



Because of crypto a lot of people become familiar at knowledgeable when it comes to Saving . Crypto helps a lot of people, because a lot of people learn how to manage their financial, including the transitions of using traditional banks. A lot of use change our perspective when it comes centralized platforms like banks. That helps us invest for our future.



Cryptocurrency helps us a lot because of the fast and secure transactions, instead of using the traditional fiat currency. It helps a lot because we can make a fast transaction where ever we are using cryptocurrency.


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Epekto ng Crypto at Bitcoin sa Ekonomiya ng bansa

I don't see anything helping people reshaping lives more than Bitcoin and crypto right now and oy those who lacks knowledge got wrecked, the good side of crypto is the chances of making your wrongs into right, I mean if you lose money simply because of a mistake or your own stupidity you can still correct things and make all you have lost back, this is very good unlike other ways of making money that once your money is gone it's never coming back, crypto is full of endless opportunities.

I continue to stand and defend my personal point of view that the impact of Bitcoin is highly dependent on the context of each nation.
Argentina, Venezuela and Nigerian are examples of countries where Bitcoin and other altcoins have increased in adoption and volume, because the traditional banking and financial instruments have failed or are very weak in the pursue to provide to their people with reliable means of managing money and secure value.

The impact in countries with strong and stable economies are not so obvious, people there still have or think to have reliable banks, centralized wallets and currencies.

Bitcoin in the end, besides being a decentralized currency is also a safeguard against reckless governance, which Venezuela, Argentina and Nigeria have in common.

Every single one of us has an effect on the economy, it is just that our effect is so small that such an effect is imperceptible for us, but when you add the effect of several users of cryptocurrencies then this effect becomes way more noticeable, and as time passes and more people adopt cryptocurrencies and begin to use them on their everyday lives the greater this effect will become, and the more difficult it will be for big businesses to ignore us and they will have to begin to accept cryptocurrencies as a form of payment in order to cater to us.

Nice thread despite that you only focus on the positive effects while negative effects can also not be overlooked. Crypto is really playing a vital role in today's world economy particularly in my own country. It's sad that majority of our youths engage in one crime or the other such as internet fraud popularly known as yahoo.

Bitcoin or crypto is growing industry and it does have effect on multiple things including the economy and don't forget that the first legal country El savador is one of the proof in economy and dozen of merchant that accept Bitcoin.

Transfer with low fees and doesn't have border is always be good economy benefit in my opinion

Although we can't say they failed, to be fair, we haven't seen any positive effects from El Salvador on mass bitcoin adoption. But in my opinion, it is still too early to draw any conclusions because the application of legal tender in El Salvador is less than 2 years. I think they need more time because the transition and adoption of something so new cannot happen in a short time, for a successful revolution takes a lot of time. I think we should wait until the next bull season to assess and have a final conclusion on bitcoin adoption in El Salvador.

I do not know, but with a quick look at what is happening in the forum, and although earning from signature campaigns cross good amounts in some countries, once a week has passed, you will know that many people have become more dependent on profits from cryptocurrencies, and therefore such people will not survive in savings.

Financial experience comes from learning and experience and through financial knowledge, and therefore even if you invest in those currencies unless you have a good financial background, investing in Bitcoin will be nothing more than extra profits that you will spend on buying more luxury.

I continue to stand and defend my personal point of view that the impact of Bitcoin is highly dependent on the context of each nation.
Argentina, Venezuela and Nigerian are examples of countries where Bitcoin and other altcoins have increased in adoption and volume, because the traditional banking and financial instruments have failed or are very weak in the pursue to provide to their people with reliable means of managing money and secure value.

In a way - Yes. If you are making money from crypto or btc and you inject 20% of that profit back into the economy by paying bills you have somehow impact the economy somehow. Economy of any country needs funds to function and if people injecting their profit to different aspect of the economy it will definitely have a positive effects in the growth.

OP mentioned decent points regards impacts of cryptocurrency on the economy. Thanks to crypto and Bitcoin in special, average citizens from every corners of the world have access to investments and jobs' opportunities not available before. The impact on the society is that there is a higher flux of money circulating, which benefits every sectors of the society, since money is constantly moving, like the waters of a river.

Maybe what I said isn't seen is large scale yet by most people, but they do exist, and those individuals involved on these economical chains are really satisfied and proud for having found Bitcoin on their lives.

As example of those economical chains benefited by Bitcoin and crypto, we can mention investors who are in profit with their BTC investments and digital workers, like Bitcointalk's members who are engaged to signature campaigns.