Is the existence of bitcoins a threat to jobs and national currencies? - page 24.

Harrisonimo

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Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

Hmmn... It is quite a debatable topic as I have now seen a lot of persons facing the cryptocurrency market squarely in a bid to make forceful earnings; committing some constructive works. Few have taken this as a pertime job and not abusing the working online/digital marketing.

quocsi

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No, bitcoin can not threaten employment and national currency. In contrast to this, I think bitcoin will help solve the problem of unemployment. It provides better jobs for many. Also it does not threaten the national currency of that country because it can not be used more commonly with the national currency

DoublerHunter

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Bitcoin is not a threat for the jobs and the national currencies because bitcoin is here to create more jobs for the people and it is here to help the national currencies to improve their self and to make a more advanced and a higher state of a currency which is enough to overcome the problems like inflation and other problems that a certain country is experiencing.

pitiflin

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Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

No. Because, people see crypto as an asset(investment) or as a currency. What you're implying here is, bitcoin is a money spitting thing. Think like this, stocks and other assets have been existing for decades/centuries, but jobs are still there. The US dollar is still the powerful of them all, so bitcoin isn't a threat, but an alternative to fill the gaps of what national currencies and assets couldn't. It may be a business threat, but that's never gonna stop anything.

Finestream

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Quote from: CAPTEZECC on July 25, 2018, 05:22:29 PM

This has been the fears of most governments and nations that are kicking against bitcoin but the truth is not every body will do bitcoin or crypt business, the same that not everyone is doing forex and buying of Gold. So I don't see it as a threat to job or national currency.

Right.I don't see any bad reason about bitcoin,it is not a threat to any jobs or national currencies,rather it is there to give us additional income aside from our own salaries in our jobs.We should be thankful to it because we can easily reach our goals in life through the help of bitcoin,and not making it as a big competitor in our jobs and even in national currencies.

Caxton10

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Quote from: memyselfandi on July 07, 2018, 06:35:28 AM

I am not totally sure about national currencies but threat in job is absolutely possible to happen. Actually it is happening right now in the current scenario. I've known a lot of people who left their regular job coz they are already earning so much money here compare to how much they earned on their job.

This is not a smart decision. I would not leave my job just because of my asset in crypto (bitcoin). What if I got scammed or hacked? I would then have to go and start looking for job again.

CAPTEZECC

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This has been the fears of most governments and nations that are kicking against bitcoin but the truth is not every body will do bitcoin or crypt business, the same that not everyone is doing forex and buying of Gold. So I don't see it as a threat to job or national currency.

nicolasparez

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I don't think it as a threat as fiat or national currency is impossible to get replaced. However, I think it has developed the economic condition of many countries.

andylowe

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Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

I don't think it is a threat for the regular jobs. In fact it aids to reduce the unemployment rate. Crypto earnings ate able to help to sustain the expenses. Which means it is considered as an alternate or can be extra income.

florianuhlemann

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I think there will be state currencies, which will be official. no one wants to accept a coin that can't be tracked

Mandoy

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Aurox

Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

Bitcoin is not a threat to jobs and national currencies rather it could help increase the number of job opportunities and also help the economy of a certain country. If a certain country will invest on bitcoin and since bitcoin is backed up by us dollars then that country will have a good supply of US dollars and it will help boost the economy. When the economy is boost then the value of a national currency will also go up.

bantayao2

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bitcoin will not affect the work of each person. However, for a country's currency will be affected much, even financial crisis. Because, bitcoin is the trend of the future and it will replace the current currency

Blackhammer321

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Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

Bitcoin can surpass the current currency but if it happens probably it cost fortune already and with this people indeed needed to do work to have a bitcoin. Soon every bitcoin will cost billion or million which make bitcoins powerful. The change will come and the bitcoin will not be just a mere virtual element that was used in trading but it will be a necessity and it will take charge in every transaction. So no threat but therefore an improvement indeed.

Kahoy01

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Quote from: memyselfandi on July 07, 2018, 06:35:28 AM

I am not totally sure about national currencies but threat in job is absolutely possible to happen. Actually it is happening right now in the current scenario. I've known a lot of people who left their regular job coz they are already earning so much money here compare to how much they earned on their job.

I guess those people who quit their job just for this is a coward, digital world is unstable wherein everything changes in just a matter of seconds. Even it helps to earn more money, bitcoin is not a threat to jobs but on national currency, why ? because somehow at some point bitcoin takes the place of a national currency as a medium of transaction which is supposed to be centralized.

Baekhyun

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Quote from: DeimunHailstrom on July 06, 2018, 11:17:13 PM

Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?

it's possible, bitcoin can be an asset as well as a capital to double the money, bitcoin like gold in the form of digital whose price can go up and down. but basically people still need a job to get social status in society.
BItcoin will invade the national currency? I think not, the government will probably prevent it from happening or maybe regulate the regulation so that the national currency remains in use.

duc4487

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Mentioning about currency, we all know that bitcoin is a very powerful currency, and the value of it is overwhelm to other currency, both fiat and crypto. However, it won't be considered as a threat because the government of all country has power and their decision decided the price of BTC. About job influence, maybe some people quit their job to invest, but that is only a small portion of the overall.

johny1512

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What i think about your wuestion is it will surely effect job and other daily life of people because it has changed the dynamics of paper currencies and on the other hand it has sucked many people like me . I lost my thousands of dollars in crypto which i took as loan and now i am in a state of craziness how can i recover my balance that’s why i would say it is threat for my future unfortunately

nickwen

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Quote from: Honuandhonu on July 08, 2018, 07:59:10 AM

Actually I don't think so, this crypto world is highly volatile and I don't think there's much people who quit their jobs to do this full time.

I think so, even though we are the people who are investing in Bitcoin, but we all know that no one dares to say Bitcoin will ever exist in the world. It is possible that one day the cryptocurrency market will collapse. And those who quit their jobs to invest in the crypto market will regret this

casternetwork

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★YoBit.Net★ 1400+ Coins Exchange

I think yes. Bitcoins are a threat to industrialized and Agriculture countries. It is possible that businesses and factories will be short of labor because these workers will learn and invest in the crypto market if Bitcoin is accepted in their home country.

piterpie

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Quote from: memyselfandi on July 07, 2018, 06:35:28 AM

I am not totally sure about national currencies but threat in job is absolutely possible to happen. Actually it is happening right now in the current scenario. I've known a lot of people who left their regular job coz they are already earning so much money here compare to how much they earned on their job.

I also quit my job to invest in Bitcoin. As far as I'm concerned, investing in Bitcoin is a lightweight and time-consuming job, but it can make a lot of money every month. If Bitcoin is more popular, then I believe there will be more people quit the job and investing in Bitcoin-like me.

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