Topic: Enough with BITCOIN SAVE us or the economy (Read 914 times)

Bitcoin was never created to be magic to save the economy as a whole. Bitcoin can gove an individual to earn individually but bitcoin investment or any other crypto opportunity doesn't guarantee profit nor financial stability. Cryptocurrency is decentralized and it is volatile. It is not meant to be an investment tool as to how a lot of us view it, it was created as an alternative for cash to bring convenience to people and financial freedom, not to aid the economy during the crisis.

Yes I understand this but letting people trade bitcoin freely will make the economy more shaky.  You know, there are still a lot of underground mafia organizations out there and if they let them trade bitcoin freely, I fear money laundering will get worse.
I am not against the use of Bitcoin in payments but the government needs to have a backup plan for the rampant money laundering.  otherwise it would be even worse than the current situation.

I am not sure about Bitcoin saving the economy or doing some kind of magic to make the economy better.
But, I think as an individual Bitcoin can be helpful to you during a time of crisis. I have heard of the story of Greece going into crisis and how their government closed banks for one week and people were scared that they will lose their money.

So, it’s things like this that I think people should be talking about. During times like that, if there should be anything as such like the government closing banks, if you have money that you have stored in Bitcoin you wouldn’t worry that much. The thing is, there are risks in everything.

This is one of the most common mistakes that people make when investing in any market, they think that if they just invest in the right asset at the right time then they will become rich, as you say they are treating the markets as they will treat the lottery in which the only thing you need to do to earn a fortune is to select the right numbers and make money that way, the truth is that bitcoin can give profits but only to those that are committed to it and understand the technology and realize this is the future of financial transactions all over the world.

Bitcoin is the legal platform in many country with huge of transaction in economy.It helping the government and private sector in many of the country.Many people get into the crypto field and crypto became a one of the business now.And mean while,it helping the transaction the economy too.Government getting money as a tax for the crypto trading.

Bitcoin may not be able to save the economy but we really hope that it wouldn't be part of the economy, or at least not the way fiat is part of it. Right now we are talking about a world where fiat is controlled by the powerful and they make it bend to their power as well, which hurts the regular small person who gets a salary, what we do not however realize is that bitcoin could change that, if we all get paid in bitcoin they can't control bitcoin and they can't make it bend over for their pleasure.

This is why bitcoin may not be able to save economy, but it could be used towards making the rich and the poor have the same power and that is all we ask for, if we could have that you can be sure that economy wouldn't be this horrible, maybe macro would be bad but personally it would be awesome.

I don't view people trying to get rich through buying bitcoin any differently than people trying to get rich from winning the lottery. The lambo dreams and mooning thing is a meme but not exactly realistic. The time of making life-changing money is passed. But people are still chasing it the same way people chase winning the lottery.

Simple as that, bitcoin is a great technology and most likely it will change the way we understand money and monetary transactions all over the world but even that is not enough to solve all the problems of the world, those that are promoting those kind of views are dishonest people trying to either get publicity for themselves or they are trying to make newbies to invest their money with them and try to take advantage of their ignorance, but regardless of what they want they are spreading misinformation and we must counter it by spreading the right information even if that is not what the newbies want to hear.

I do understand that people could earn profits from the movements of bitcoin and other cryptocurrencies too but I don' think that would be enough to change or help the economy. We need to consider first the users of it in a country, here in ours I am certain it is not that much. Though let's say that we have a lot of them using bitcoin, I don't think that would change that whole scenario since most of them would just be holding it for a great price spike where they either sell it or trade it.

I think it's too much to mention Bitcoin to be a savior in today's situation, because Bitcoin is only a digital currency that depends
on us who use it. If the person who owns Bitcoin doesn't understand Bitcoin, then it is certain that Bitcoin will not provide any benefits.
Here it is necessary to increase education to many people about Bitcoin, so people will understand how to make money from Bitcoin,
that way Bitcoin can help the economy.

Guys Bitcoin is a just a tool in the end, but truly a powerful one. One cannot rely on Bitcoin to become rich, to change his/her own life and so on: there's much more to it. If I could give a little advice study bitcoin deeply: you might find a bitcoin job one day and work in one of the most exciting market in the world. And then, maybe, you could help the world understand the true potential of the BTC protocol.
Like the internet will not save us all the same goes for bitcoin: try to grasp its basics and make the best out of it. You might gain something which is priceless: freedom

this sound simillar to a qoute . and the qoute goes like this  " god has the mercy but people has the hard work "  the qoute try to emphasize that people should not depend all to god . people should not also depend to bitcoin but they must do hardwork too
 
 bitcoin helps us against the government related stuffs like example the fiat is based on government  , regulations did by governments and so on  . btc is non government based or there is a freedom when we use it  . bitcoin helps most especially when it comes to online shopping  but bitcoin has nothing to do with the pandemic or economic crisis

Indeed. Bitcoin won't save everyone or the economy by just investing your money with bitcoin because not everyone can buy bitcoin and use it for their daily lives. Bitcoin is good for the economy because it can save our financial system from collapsing that it already happened during this pandemic where all stocks and banking systems are struggling. Bitcoin already shows it is more stable and growing, but we need a proper investment to earn a profit.

Bitcoin is not usually able to save everyone investing is very profitable and easy to make a profit. without proper investment it will be very difficult to save and will not help the economy to improve. Bitcoin investment helps a country's economy to improve a lot but bitcoin has to be supported by the government of that country and buy and sell depending on the market demand.

Bitcoin is for everyone but not in the form of investment and it should be never used for investment purpose when we say it is a curreny.Bitcoin is perfect but it still got manipulations so the value will be shaky or totally unpredictable which could make the holders to change their mind too often.when someone doesn't have belief on what they are holding then they shouldn't be holding it, just sell and find something better like USDT.

It may not be perfect but the difference between bitcoin and other coins is that we are talking about something decentralized and even with that only we have something much better than any other currency. We are sick of all the governmental situations in the crypto world, Turkish lira is breaking ATH after ATH on bitcoin for the past weeks, have you seen that?

The son in law of the president is the economy minister, we are done with this type of ruling all around the world, Trump takes his daughter to every single important meeting and makes her talk about important stuff as a bag designer by trade... just because she is the daughter of USA president, same with Jared Kushner dealing with many other stuff in government. We are talking about bitcoin like it is a god because it can't be tempered with like that.

We have been discussing this over and over here on BTT and everywhere. I am no longer worried about those who simply don't get what bitcoin is about. And actually I don't care anyway as I have spent so many hours to study the bitcoin protocol. And, jeez, I loved it!

https://bitcointalksearch.org/topic/m.6306

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They are just miss understood why this bitcoin created and  the purpose of developer creating this digital money. They only think they can easily earn money from it because of many people earn from bitcoin price increase from the fast years and many became rich from it .the other reason is the person who share this misinformation to other people without deep  understanding how it works.

Bitcoin is a decentralized anywhere in the world.
Bitcoin can only contribut or asist the country or government economy to suvive in the procces and to improve their economy to develop the life of the citizens. I think bitcoin cannot stop a country economy not to collapes because is a decentralized to any countries in the world .

During the pandemic bitcoin did not save us than it asist us, we the users to substain at home because is not centralized, it can pump and dump at any time without any governement parmission
Enough economy can save the full country not to collapes because is a centralized, government can decide to tax every investors just to save people in the enviroment.

the problem is that they have misunderstood what bitcoin is going to save them from. they think it is here to save them from poverty by giving them fiat profit but the reality is that bitcoin is designed to save them from corrupted centralized monetary system that is controlled by the banking cartel and has driven the economy to the ground a couple of times already.

Many people  just hoping that owning bitcoin can help them to became rich someday for just simply holding it for long time.which in reality no one knows can give exact prediction on  what will going to happen in the next more years there is also possibility that opposite thing will happen.

Hoping is not bad but being dependent on your beliefs is I think will be a big problem don't focus only in bitcoin there are also other opportunities that also waiting for the right time to develop.

Many people are worshipping bitcoin like a god and they are believing on it no matter what happens.

Bitcoin is not perfect, in reality, it is still under development and it has a lot of areas to improve more to become a certified recognized currency in our society.

It is only effective when you are full time investing to it, if you know how to deal with the market, you are speculating well, making predictions and observing market conditions properly. Bitcoin is not for everyone, but it is for those who believe and hoping for its success. We can't deny that bitcoin has the potential to change someone's life.

Sometimes, there post actually doesn't makes sense. Just always correlates it with bitcoin without really thinking the main point and main reason to boost the  economy. Bitcoin is not also the answer for pandemic problems, down economy, etc. But seems they are just being optimistc that they always put bitcoin's name in any issues.

Like believing that bitcoin can push through the easy access for the financial services for economic growth. If so, we will grip on that part but why the slow progress and why the economy is still struggling?

This idea that Bitcoin can fix some major problems usually comes from crypto news sites who need to spew clickbait articles constantly, or from Bitcoin enthusiasts on twitter or other platforms, who don't actually do any research to back their claims, and just project their own feelings. It's always better to be a realist and be skeptical towards any big claims, especially if they are not backed by anything. There a saying "extraordinary claims require extraordinary proof", so always ask for proof.

There comes into thinking that people are being over dependent or too much reliant on Bitcoin that every aspect happening in the world is being linked or forcely being related on how Bitcoin can be used or what can Bitcoin do on that specific issue or scenario. People nowadays are somewhat treating Bitcoin to be like a life savior that Bitcoin can do anything and everything which is not that possible for it is not a magical or powerful tool that it can resolve such issues in different aspect. People are asking and expecting more than enough on into what extent can Bitcoin become useful and once they see that it cannot do anything about such is they will start degrading or start saying stuffs against Bitcoin. There is no such single thing invented nor present in this world that can solve anything so better lower your expectations to avoid disappointment.

Bitcoin saving us wouldn't be literally like superheroes saves people in the movie. Bitcoin saving us will be seen only by those who knows how to appreciate it and know that it is trust worthy than banks. A lot of people only believes in something if there's s good thing happening, but once a rumor starts, they will start to crumble on their own and forget Bitcoin.

So the question should be, How Bitcoin will save us if we don't believe it could save us? but before anything else, saving ourselves should begin on us in the first place.

I think you're overstating how much can be done with automation. We're not anywhere near being able to produce everything we currently need automatically without human involvement. You're also completely ignoring the fact that the rich who own the means of production would absolutely not relinquish control over what they own. When automation is employed to save on costs, those profits pool to the billionaire class and their wealth is where their political power comes from. 0% chance they give that up.

Those people that are asking too much of bitcoin do not really understand what it is and most likely do not understand the economy at all, it is true that in the case of a crisis bitcoin could become a store of value and help you get through difficult times but that is because bitcoin is a great currency and it was designed that way, but for some reason people mistake this characteristic of bitcoin as somehow bitcoin able to save the economy when if we are honest there is no way you save the economy at all and at some point in the future it will crash.

Many beginners think that bitcoin can save their economy even though investing in bitcoin is not as easy as they think.  Bitcoin requires even more knowledge and experience to benefit from it.  Unlike stocks that can be studied fundamentals.  Unlike other investments, a business feasibility study can be calculated.  Bitcoin requires a bigger sacrifice to make a big profit too.

Today bitcoin is one of the very popular in investment and you could possible use. Many people think if they will use the bitcoin it will changes a lot of them,

1. Their life.
2. Their status.
3. The whole government.
4. The whole world.

They are becomes dependent to the bitcoin. They are too much distracted with the use of the bitcoin. Mostly I saw this kind of thread to the newbies who just a first earner of the bitcoin, they think if they will continue this kind of business they will become an instant millionaire, even this could possible happen but still there is a risk and not a 100% you will get an income with this coin.

BITCOIN SAVE is a looks like a cult today and giving a mislead information to the other people.

Truly enough, just like how people blame Bitcoin for the doings of bad people such as scammers and money launderers, asking Bitcoin to save people from every frigging crisis possible on Earth is damn right stupid. Bitcoin is simply a medium, and the most that it could help in case the economy goes bad is to save the value of your money so that recessions wouldn't affect it badly, therefore avoiding a crisis. Other than that? Well, you can use it to buy food or something, but hell, that's its purpose anyway ain't it? As a currency. 

The economy is mainly managed by how the Government manages the market, mainly in terms of employment and the like, while also presenting demand and supply for local products, which boost our local economy.  I don't really see any Bitcoin in there, nor would it actually serve any purpose even if it was added into the mix, other than as a medium used to trade.

The only way to save our economy is our own government and the citizens on it and bitcoin has nothing to do with it since it is only a tool as a virtual currency. And seeing the fact that not everyone is into bitcoin because others are still non users of it so bitcoin won't definitely save the economy. We are the only hope of our economy and not bitcoin who only serves as a virtual currency and as an alternative payment method aside from fiat.

It is all over the place especially in the forum, the truth is that many people simply do not understand that bitcoin is just another form of money, without a doubt it is superior to fiat and it cannot be used to steal from the citizens by printing more of it like governments do and you are free to use it as you want but that is basically it, after that it is up to each person to fix their own problems and  bitcoin is unlikely to be of much help for those people that do not understand its true nature.

I am wondering how bitcoin can affect our economy? plus how they can save us?

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Actually not everybody involves bitcoin or any cryptocurrency and there's nothing with the economy.
All we can do with bitcoin is save them for the future purpose. We can save the economy only if we become together.

Bitcoin is extremely popular within the crypto market and not only the economy but also poor unemployment helps to unravel all the issues. consistent with mainstream economics money reduces this problem a table could also be needed rather than those self same Baker shoes. generally transactions can happen much faster because sellers can do easy business with them to seek out the customer with whom they need to try to to business.

The market volatility is what indeed a cause a major upset to the interest of the people although bitcoin could really change lives still people need to understand first the risk on it since if they will just rely on tradings or by investing on some platforms then for sure they cannot earn a richest here. Maybe they should try to offer some valuable technical services since blockchain works or any web related jobs which been payed with bitcoins can give them a good fortune in this industry.

The problem is people have lack of knowledge to what bitcoin can really offer. They should know and understand that price is very volatile though it can save someones life. I believe it can save us in a way we can use bitcoin as means of payment and indeed supports economy in the sense of good opportunity and benefits can give to the users.

Hm, I think that is not all right because bitcoin can save us by buying and selling bitcoin at exchanges, and if we make a profit, we can send the profit to our bank accounts. That means we can have money in our bank account, and we can withdraw that money to buy our daily needs. The function of bitcoin will be like that temporary because to use bitcoin for other things, we need to have approval from the government, and that is not easy to convince them. So we need to be patient until that time comes to bitcoin.

Well bitcoin cant really save the economy its just a currency that can can give opportunity and convenience to whoever use it.

However bitcoin is a big help to those seeking for an alternative source of income. Its not just a digital currency, and I think some users engage themselves not only because its a currency that can be use online.

We know the nature of btc which is high volatile makes people buy btc because it can be a profitable investment if did right.

All the time,bitcoin can't save us.But some how what you said is true.Pandemic make many unemployment and some were secured with the crypto related jobs and it give them a earning and money for their basic needs.In some country with democratic rule suffered with the corrupted politicians,bitcoin give some money as earning to them and make them alive.

The problem in our society, whenever we face a situation like this which challenges our capacity to survive and finding ways or solution to resolve the problem is that most people are putting all their hopes and faith into Bitcoin treating it like a deity that can resolve all the problems we have in life. People's dependency and reliance makes disappointment once a certain thing they have expected failed to meet their expectation. The problem with the people around is they are always being reliant on what Bitcoin can do to save the economy when at the first place the people and government must be the one to be coordinated to resolve such economic issues and not to put too much and all expectations on Bitcoin.


Actually I have already thought of the same idea before that what if we remove the concept of money because it become one of the most important but also the most problematic object crafted by humans to have a system of payment and currency. But that was just a thought of mine before for I think it would be far possible or simply impossible now to remove the concept of money in the economy for we get used to it all the years of civilization's existence.

To be perfectly honest with you, we need a world where there is no money, there is no nothing that could be used as money and we should all live a life where everyone is getting stuff for free and just working because it is something they want to do and not something we need to do. You think there is absolutely no way to remove human life from work life?

You could basically make everything you need with machines nowadays that is required for a human to sustain, from food and crops to cattle, from housing (there are literally machines 3d printing a whole house nowadays) to driving, there is literally nothing that requires human life in bare human needs, obviously if you want facebook you need people but usually we could live in a world where bare human needs met by robots for free.

Bitcoin supporting the economy is a vague idea for me, though it works that way a little bit. Bitcoin's cap is still little, I can't see it supports one country's economy by being an investment, exchanges are only the entity who makes money to it.

It depends actually, if all bitcoin is mined there are only two probable event to happen it will either be stable coz the people buys it all or it will be still volatile coz there are still unbought bitcoin in the market, it is just a matter of how decentralized network is doing.

If bitcoin will be implented in any countries, there should be a  proper orientation needs to be done for the people to fully use it and not be scam as well establishments that may accept it. Bitcoin can help in having transactions but not to the point that it will result to arise of their econyomy instantly unless they will have a fund manager that is well known in trading to let their money grew agaiin thru crypto trading. But it's quite a risky work to do so.

In essence, bitcoin is used as a means of payment and supports the economy because the price is fluctuating so that it can be used for investment, the problem is that the price is very volatile which makes people afraid because it can make your money decrease in a short time. and what will happen if everyone knows / uses bitcoin and the total supply has been used up in mining, will the price going stable or more volatile than now

Very well said. On the other side of it, I think others were trying to say that if the Government can't help us since we're all suffering in this pandemic, could Bitcoin save us if the Government are going to accept it and make a move, use it to bring the Economy rise again? I think that's what they meant to say, correct me if I'm wrong.

Because not all of the Government has the ability to help its countrymen, especially those third world country, no.1 in my list is Africa that has the most corrupted Government.

It seems too much if enough bitcoin can save the economy.  Well you're right in some bad situations, bitcoin is still survive but not forever only with bitcoin can save us or the country. Invest in other assets, so that in the future you will not regret being too dependent on bitcoin.


Thank you for bitcoin that still survive but remember not to put too much hope on bitcoin.

We need to thank bitcoin because bitcoin now survives and tries to increase, although it is difficult.
Yes, bitcoin saved many people in 2016 for the first time of the highest price that we saw, and that makes people believe that bitcoin will be their savior again in the next bull run.
But before bitcoin really be the savior for all people, bitcoin needs to be approved by the government so that people could be free to used bitcoin as the payment system.
Probably, people now can still use bitcoin as the way to make money, but in the future, the chance for bitcoin to be used for the payment system will still wide open.

That's what I'm telling to inoes, that the future of our economy is still uncertain after introducing the use of blockchain tech as our major means of  transaction. The main barrier I see here is the lack of accessibility because not all people around the flobe can access a stable internet connection. So how about for the poor ones and the indigenous people? I guess it will be very complicated for them. And that being said, I cannot foresee that btc will replace physical money at least in the near future simply because it is a no brainer to use .

I would not blame those who want to make Bitcoin their saviour, many have seen what bitcoin can do, how it has saved people especially in 2016 and thus they have built much hope around it. Unfortunately, all the serious period of the pandemic bitcoin was unable to rise up to rescue. Thank God it even happened that way maybe bitcoin would have been another God to many, in as much as it can come at the accurate time of need to bail people out.

Resetting the world's current system can be much more of a problem than the current situation of each countries economy, why? because people are not yet ready for it, i mean yes a lot of people can prove how much of convenience blockchain can offer us but people won't adapt to it as easily as you think, people now are comfortable with what they have and adapting to a new system can cause chaos and disorganized system, for now what we need is to support our own local products because it'll help in boosting or reviving your economy although its the main job of the government but as a citizin of your country its the least you can do and if we are still striving for the new system then educate and advertise more of it so that people can see it and if lucky they can educate themselves by seeing the advertisement of it and by that moment it is much more easier to replace something because people have background to what it is and what it offers them.

Yup! These dumb people you are pertaining about is mostly new to crypto sphere — those people who see good in bitcoin but rooting too much from it. Well, I'm not saying that being positive and appreciating the potentials of btc isn't good. What is wromg is that you are now solely depending on it as if it was your last resort. Chill guys! Btc can aid us financially but our government plus the cooperation of its citizens are still the main key for the betterment of our economy .
 
We're not really sure about it. We can't conclude what will happen beyond that, whether pros are greater tham cons and vice versa, unless all of the nations agreed upon it and reset the current system.

to save the economy, Bitcoin needs to be approved by the world. because the current economy which controls is the bank. would the world want banks to be replaced by blockchain?
from this it can be concluded that for now bitcoin can only save us, not the economy

I have said this several times and I’m always trying to let people know that Bitcoin is not what’s going to save them and their country. They are now trying to see it that if Bitcoin doesn’t save them then it’s a failure, because some dumb people made everyone believe that Bitcoin is what’s going to save them.

I can remember that the first time I saw people saying something about Bitcoin being a savior is around the time Venezuela was trending and they were talking about it steady on this forum, and some people will come out and say that Bitcoin is going to save them. Bitcoin is just for P2P transaction, and nothing else. If you think that Bitcoin is going to make a country’s economy better, then you don’t know what you saying.

There is a difference between "bitcoin save us" and "bitcoin save our economy" because one is possible while the other one is not possible at all.

For example, if you really think that bitcoin could change anything in the regular economy, you are very wrong, the regular economy is working exactly as planned, the people who built it and controls it uses it to enrich themselves and to be perfectly honest with you 99.999% of the people in the entire world would love to be a dictator with endless money and power and do whatever they want without question as well, humans are like that, so they would do the same as well and in order to get to a level where you are in charge of economy you have to be a sleazy bad person anyway so it will not change at all neither. But bitcoin saving you personally is possible, that is what we are trying anyway.

They believed bitcoin was here to solve everything even if they don't know the real meaning the purpose of bitcoin. Well, this market can't save everything and only those who want freedom on controlling their own finances can enjoy bitcoin. Bitcoin save me from being poor, and now I have a chance to make money on my own, I proud to say that bitcoin saved me and bitcoin will continue to give more opportunities for me.

This is basically my thoughts too. Bitcoins were created after the financial crisis of 2008 as an alternative to the FIAT system and the economy behind it. Now with the real economy in shatters we can't revert back from cryptos. The crypto community is strong now but we can't save the hole world. As you said it yourself, as long as there are a few lucky people you get rich every year (it doesn't matter if the economy goes up or down, they make their money anyways) we should not think about helping the real economy.

After Bitcoin became really popular, people have been trying to find out what kinds of problems and difficulties might be solved with Bitcoin.

People believing bitcoin to be the solution to everything that happen within their geographical region unacceptable and this what happen when people dont understand the concept of Bitcoin and the reason behind it invention.  However, I want to believe this issue only happen within the newbies.

Since I have been a member of Bitcointalk, the only income I have been receiving is in tokens that at some point I have exchanged for ether, tether and Bitcoin.

Bitcoin is the best way I have managed to get to my local currency because there is more volume than others, especially now that the price of gas is very high due to the high demand for deFi.

If I support my family of 4 members. In addition to a dog, 3 parrots and a macaw. It means that Bitcoin works well for me, I have been able to manage my expenses in a country that has hyperinflation like Venezuela.

With regard to government aid for the pandemic in my family we received ~ $ 20. I should add ~ $ 40 for my signature is all I receive in the month. Why not encourage massive adoption with Bitcoin? It is possible. Because just like me there are families that are surviving in the middle of this pandemic with Bitcoin.

It is the wrong mindset of the people that is becoming the problem in here. They always thought of whatever Bitcoin can do at certain times most specially upon facing economic, political and even health issues concerning mankind. They think that Bitcoin can do some sort of help to save them from suffering into such issues treating it just like some sort of magic or sorcery when at the first place it is not like that. The problem is that they do not fully understand how Bitcoin really works so they are putting all the dependency that Bitcoin can do something about any issue. There are instances that the answer for such issues relies on the government and people to resolve the problem. People are putting too much reliance and expectation to Bitcoin and failing to commit into such makes them disappointed putting blame into Bitcoin which is not right. People are forgetting that they still have the capacity to work things out without a certain need to always rely on Bitcoin alone.

I agree with this. In particular, bitcoin can help anyone who is directly involved in this crypto world and many of them are communities. There is a high probability that the government could use bitcoin as a tool to achieve targeted economic interest such as the imposition of income tax from bitcoin. Several countries may have implemented the idea and this is an advantage for the country itself.

I think the whole idea of bitcoin was to save the regular people from the evil of our current economy, why do people want that to be over with? I mean the only reason why I am in crypto is the fact that government and banks are doing everything in their power to make the rich people a lot richer while making the poor people even poorer.

Last night I calculated that when I first got married (2014) you could buy 16 grams of gold with minimum salary in my country, today you can't buy 5, so as you can see purchasing power went down so much that we are really just barely surviving at this point and I am making more than minimum salary as well, almost double, and I still live not that well. I came to crypto because I wanted to prevent this, I want my money to worth the same purchasing power even after 20 years.

Yes Bitcoin can save us from inflation or from a total collapse of a fiat currency because of to much printing of fiat. That is only save that Bitcoin can do. But it is also a very important one.  

That's true bitcoin can help as an alternative tool for economic crisis of a country. Also it helps a lot of people during this pandemic and if the government know that how bitcoin could help, I think they will make a step to accept bitcoin.

It's seen here especially during this pandemic period it may not come in the same title as I had written but during this pandemic bitcoin has been dragged/link to be a focal point for solutions,

And it's a DIGITAL currency -not owned-by/made-by any country- and if at anytime it doesn't help the universal economy BITCOIN did not fail.

Where do we read those kind of claims?
Do you have links to it?
I haven't seen those words even in social media, or maybe I am just following the wrong personalities. 

It's not Jesus or even a hero. It doesn't save everyone, anyone or anything.
It is a currency though which might help at a certain point of time. I don't think that is now.

Bitcoin wasn't made to solve different economical problems and it's not always the answer to every crisis we encounter. Even if some people were able to find help in bitcoin, it doesn't really mean that it's applicable to everyone or in every situation. I get that maybe some are just optimistic about the future of bitcoin or on what it can do but sometimes it just really doesn't make sense looking at every possibility where bitcoin can be an answer to all problems when in reality, it's not always the answer.

Why would we think that bitcoin can save our economy, the word "economy" is for everyone who lives in a certain nation and not everyone are into bitcoin. Only us can save our economy, with a good government and policies economy will survive and succeed, bitcoin is just a hedge, nothing more.

I am investing bitcoin for my future, because I believe that massive adoption will result to significant price increase, THAT'S IT!

Bitcoin cannot be a solution to geo-economic and geo-political problems, but bitcoin has the possibility to be used as a tool for achieving economic and political interests in a region or country. Everything depends on the real world ruler, whether they allow bitcoin to take part and more of the global economy or bitcoin is considered an error that must be marginalized. But judging by the characteristics of decentralized bitcoins, they cannot control, and manipulate with the aim of multiplying and perpetuating their wealth. So bitcoin will still not play a significant role in the economy. Only the ones that create the system can improve the system.

It does happen when someone is very much happy with the outcome of his investments through bitcoin. At some point, it's a fact that bitcoin can save someone from this economic crisis or with this pandemic if he has no savings left but the only bitcoin as his asset and then he starts to cash out for his needs.

In Venezuela, I watched docus that it's saving the people there who's been into bitcoin as there's hyperinflation on that country. You just can't bring a lot of cash with low value and most of tx is there starts to become digital.

I understand that it's getting too much but we can't stop those folks who are talking like that. Maybe, they really are overwhelmed with the results for making bitcoin as their investment.

Those posts relating bitcoin to is really nonsensical. People have been iterating that bitcoin would do very little to aid an economy in distress yet questions similar to that line are still spawning as if they are being resurrected. Believing in what bitcoin can do is one thing, but believing that it is a magical, cure-all financial tool is another. That's fanatical at best, with little to no regard with the actual capacity of bitcoin to solve problems being related to it.

Quote from: Baofeng on September 17, 2020, 06:36:35 PM

Not just bitcoin though, but it you look at blockchain, there are many advocates of it that says it will change the landscape of the world economy. But these are not like a magic bean that will simply disappear the problems around it.

Treating the blockchain and bitcoin as a panacea against every socioeconomic, economic, or geopolitical problem really is the norm for some of the people who are using bitcoin. It's cringy, and not helping the cause of bitcoin at all.

People's unreasonable expectations of bitcoin have spilled out into everything. It borders on the absurd.  People who have a couple mBTC are hoping their exposure to bitcoin is going to make them rich, and so they're just blindly tacking the hype onto everything.  If bitcoin is the solution to world problems, then surely their small amount of bitcoin is going to make them rich!  So it's just the hope for this to come true that's causing people to propose bitcoin as the solution to every problem they see in the world, even though it's not a solution for almost any of them.

Not just bitcoin though, but it you look at blockchain, there are many advocates of it that says it will change the landscape of the world economy. But these are not like a magic bean that will simply disappear the problems around it.

Might help though, but still people will have to realised how they are going to treat bitcoin to make significant dent on the world financials. You have to be wise and make the right decision in order to see bitcoin as life-saver.

Not really bitcoin could save all its user with this pandemic. It does not even.save rich people from it getting sick and transmitted with the virus. However, rich people may not have to worries financial aspect for they have lots of resources for it.

To poor sectors which were being challenge by this tough times of pandemic the bitcoin currency may not also going to save. Not all people are in bitcoin and only few could be benefited from it when one user had bought bitcoin when its market price is cheap like during the market crash on 2018.

There is a reason why people think of Bitcoin that way, and to say the least, the reason is somewhat genuine, People want to know if Bitcoin can be regarded generally as a "safe haven asset" and if they can hedge their funds from devaluation and inflation using Bitcoin, that's the main reason why when 'traditional aseets' are falling during a crisis or major govt decision such as printing money from thin air, Bitcoin (gold/silver too) gets into the picture, and imo, I don't see any problem with it at all, it's btw helpful in btc adoption and in the process a win win for us all.

Bitcoin being decentralized and different from the kind of money people have come to use and understand provides a different sort of opportunity for it's users, this year for example, have seen many corporations (MicroStrategy for example) adopt Bitcoin, converting their fiat to btc and making it their reserve asset, and that's because they believe "Bitcoin can save them" and their aseets from devaluation. Big firms have bought into this idea, which is indeed true and worth any risks they and their shareholders are taking converting millions of dollars to Bitcoin.

Tl;dr, anti-inflationary (decentralized) assets like Bitcoin will always gain more traction when centralized money and economy plunges (or in a cisis situation) cause of the opportunity it provides to hedge against inflation/devaluation.

 It's becomes a safety issue/risk now telling people am into Bitcoin, any time I do I sense this feeling like I have made it in life, in them, some even openly express there feelings showering honouring praises and I am not even Rich this don't make me safe. I had to stop saying am into Bitcoin but I know/understand what it -bitcoin- might be about.

People hear Bitcoin and imagination runs gaga/funny, this is not how it should be.
We don't have to bring BITCOIN as solution to/for everything.

Bitcoin is just a tool, but lets be honest many think of bitcoin as some sort of magic Internet money and they think it can fix anything and everything and that is not the case, in the case of a crisis bitcoin can serve the function of being a store of value that you can carry with you without anyone noticing it, when all of this started and the effects of the pandemic were unknown there were many doubts in the minds of the people, at least in my country the amount of cash you could withdraw from ATMs was lowered which meant that a bank holiday was a real possibility, and during that time you have no access to the funds on your account and in that case bitcoin will allow me to have some money in hand to buy what I needed while everyone else has to figure out what to do, in which case holding bitcoin makes a big difference.

People forget that bitcoin is just another form of currency but owned by none that is the real reason why people are expecting more from it.Bitcoin is not going to save anyone but one who understand the speculation and market condition then they can use to it to save themselves like what happened in the March 2020 when people sold mot of the cryptos but the real minds bought because they know this is the right time.

Most of them make those post with literally zero sense. If anything takes place they think "bitcoin" can always save them. The worst part is they can't give facts/logic on how it is going to save them/economy/anything. They just think that bitcoin can save because it is the "best" (i am not a bitcoin hater or anything, but it is far from the best).
If we see the world is about to end, I wouldn't be surprised if someone makes a thread saying bitcoin can stop the world from getting destroyed lol.
Are you sure they are huge fan? Or some bunch of dimwits who has no idea what they are talking about? The other day I was arguing with a person who believed the government prints money based on the number of people in the country lol!

There are some point that people are way too off asking about bitcoin possibilities, we can easily distinguish those as we can see the keywords "save" or "can bitcoin...." Even me I think of it myself, but does not come to ask here in the forum coz basically you can answer it with yourself. Although we can't blame people for being a huge fan of bitcoin that they think this is going to fully change the world. With a fast pace changing of things, bitcoin will just become an alternative investment, no mass adoption of being a currency.

  Is there an event/situation/tragedy/or something that occurred gone by without calling up bitcoin into it Bitcoin is now the focal point of revival to a bad period/situation

+ Pandemic hits the world and next -can BITCOIN save us-
+ New government are elected and next -can BITCOIN save us-
+ Government set up new policies -can BITCOIN save us-
+ Countries disagrees in trade next -can BITCOIN save us-
+ Currencies falls/on-line shopping company's changes- bank and online transaction gives out a news and next -can BITCOIN save us-

This doesn't mean/show I don't love/use bitcoin, on the contrary I do, but BITCOIN is not a failure if it can't save an economy/countries or people
We have government, we still remain citizens of our county or countries in terms of multiple citizenship, our government that we voted still should lay/create policies to make economy productive.

Bitcoin is a focal point for easy peer to peer transaction, and to can serve differently to different people, if BITCOIN doesn't save an economy during a pandemic, economic crash won't make BITCOIN a failure.
 In this pandemic people became worse than they where some where better than they were, they might have not used BITCOIN,
Using/knowing BITCOIN is not a seal/sign to economic/ financial freedom significant work should come in.