You Think Bitcoin Save Your Economy | Bitcointalksearch.org

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Quote from: AakZaki on April 14, 2022, 11:00:00 AM

Quote from: cryptobuyclub on February 05, 2022, 01:31:30 AM

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I don't agree with you. Economics has to do with finances, and bitcoin has left me with more money. Regarding the issue of Inflation, Gold Reserves, Import Exports, it relates to the price level which is what my economy needs. So as long as I still have money and can meet my economic needs I will not think about that problem. Bitcoin makes me have money and money makes me better in economics. So I think Bitcoin has an effect on a person's level of economic capability.

Bitcoin cannot save the world economy, but for one person this is quite possible. As fiat currencies increasingly depreciate, investing and holding Bitcoin will allow us to avoid the devaluation of currency. When inflation occurs, what we need to do is do more jobs to increase our income so that we can spend it. In a long time, Bitcoin will only increase so holding Bitcoin is one of the ways to significantly increase our wealth to deal with inflation.

LUCKMCFLY

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When we talk about saving the economy we can deviate in a certain sense, if we go to particular economies, depending on the nation you are in, it is likely that it will save your life, if you are in countries with a net inflationary economy by having BTC you can solve everything magically, but in countries with stable economies, any movement of BTC does affect, especially if it affects the decline, because the loss is translated into FIAT, normally in the USA, which is one of the most prosperous countries, an increase of Inflation by Biden of more than 8% is a thoughtful figure for a government of this style, so this makes it clear to us that the BTC can be used as a means of temporary refuge and even safe if you want.

bubidan.id

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Not necessarily cryptocurrencies can help everyone in bringing this pandemic back. Because we can't equalize everyone who knows and can use cryptocurrencies, maybe only some people understand it. Like our parents' generation in the past, do they know cryptocurrencies, I don't think all of them. But for our generation, especially the Millennial Generation, I believe it will be helpful and can help everyone because of cryptocurrencies.

Mr.sprin

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In my opinion, in the future bitcoin can save the economy because in the future crypto currency is one of the most valuable assets if you currently have crypto currencies like bitcoin in your wallet then you are one of the billionaires in the future.

Wimex

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Examples of economies as inflationary as that of Venezuela, the BTC could be of help, although this can be taken from various points of view such as personal or at the government level. Bitcoin if it could mark a before and after to combat the inflation of a country, I read that in an article recently, https://cointelegraph.com/explained/is-bitcoin-a-hedge-against-inflation

Touching a little more on the example of Venezuela, it was commented that

Quote

"the figures that seemed to show a change since July 2021, gave a discouraging rise at the end of March 2022, placing its inflation at 251%"

Taking it to a more personal perspective, in March while this country was trying to recover from its inflation using the dollar as a support, which did not work because it had fallen by 2.8%, due to the events between Russia and Ukraine. But other people managed to resist thanks to bitcoin.

Source: https://www.bullfrag.com/venezuelas-inflation-in-march-killed-any-backup-plan-in-dollars-or-bitcoin/

CNMOH

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Well depends of the countries, as my country crypto currencies in not popular, even government don't have any idea about this, they know only bitcoins for scam and this will not solve to save our economy, I think that this is a personal earnings not for government or country like us to bloom our economy in bitcoins or crypto industries.

AakZaki

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Quote from: cryptobuyclub on February 05, 2022, 01:31:30 AM

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I don't agree with you. Economics has to do with finances, and bitcoin has left me with more money. Regarding the issue of Inflation, Gold Reserves, Import Exports, it relates to the price level which is what my economy needs. So as long as I still have money and can meet my economic needs I will not think about that problem. Bitcoin makes me have money and money makes me better in economics. So I think Bitcoin has an effect on a person's level of economic capability.

horrifiedx1

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Quote from: Webetcoins on April 12, 2022, 01:49:33 AM

Quote from: worldtraveller321 on April 06, 2021, 11:28:44 AM

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Pandemic is not a new thing anymore. The first effect of the pandemic are brutal but later on people learn to cope with it. The latest issue that the economy is facing right now would be the recent war that happened in Ukraine and Russia. We can say that our economy is affected badly due to the sanctions that are being applied to Russia because its effect are not only felt on this country but it is being shared globally.

Cryptos and bitcoin can somehow help especially for payment purposes because people can't go outside during pandemic and in wars. Also it can bypass restrictions given by some banks in Russia. Next would be, people can use it to earn and there are now career that sprung up related to this industry.

as we saw when the pandemic occurred, bitcoin actually increased its price, and at that time many new rich people emerged because of cryptocurrencies. therefore from several sides, bitcoin seems to provide new hope for those who are knowledgeable to pursue a career in order to achieve financial freedom. and this happens a lot among young people who actually become new millionaires. after getting a lot of money, of course it will be easy to diversify it to other assets for the safety of our funds

lepbagong

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Quote from: kamilah147 on February 05, 2022, 04:28:48 PM

It has been 3 years since the epidemic has made the economy worse, as a result, many people have been laid off at various companies because they are unable to provide wages. what is surprising is that those who have invested in crypto are making huge profits, those who are consistently getting good returns. Likewise with me, crypto during the pandemic can improve my economy, I started trading in 2017 with small capital. It turns out that patience pays off in huge improvements. Crypto is the best platform for me to date.

maybe you are one of the very lucky ones that since 2017 you have been acquainted with crypto, so that when a pandemic occurs and the economy is very disrupted, you are actually able to move and can solve these economic needs.
Indeed, during this pandemic, there are many people who are experiencing economic difficulties because of some of the problems they are experiencing and the biggest one is layoffs, aka unemployment. crypto has made a series of phenomenal ones by releasing a lot of people from that predicament. so I agree that the existence of crypto has provided a lot of financial assistance to meet these desperately needed needs, so it is true that crypto is one that keeps the wheels of the economy running and saves many people.

Webetcoins

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Quote from: worldtraveller321 on April 06, 2021, 11:28:44 AM

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Pandemic is not a new thing anymore. The first effect of the pandemic are brutal but later on people learn to cope with it. The latest issue that the economy is facing right now would be the recent war that happened in Ukraine and Russia. We can say that our economy is affected badly due to the sanctions that are being applied to Russia because its effect are not only felt on this country but it is being shared globally.

Cryptos and bitcoin can somehow help especially for payment purposes because people can't go outside during pandemic and in wars. Also it can bypass restrictions given by some banks in Russia. Next would be, people can use it to earn and there are now career that sprung up related to this industry.

Doan9269

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Quote from: cryptobuyclub on February 05, 2022, 01:31:30 AM

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I believe one of the reasons that brought you here on the forum is to benefit from the features bitcoin has come to offer to the economy, if bitcoin has not been by any means good for you then you wouldn't have come to it global platform like bitcointalk.org

Understand that bitcoin is the game changer of the economy, its a global decentralized digital currency which is not tied to a specific region and its limitations, look at the statistics of bitcoin users how it is increasing on daily basis, the economy now revolves round the blockchain technology which bitcoin has already initiated at first. Come to think of privacy, security, trust, fast, less charges on transaction, employability, accuracy, reliability and decentralization, all this are part of the benefits bitcoin has come along with to help boost the economy more stronger than the effect of what gold could offer into the economy, as a matter of fact bitcoin now is more trending than gold in adoption and profitability.

fzkto

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I don't think bitcoin can help save the economy, rather the opposite, it can break it. If people will use bitcoin, it means that central banks do not take part in the circulation of currency in the country. Therefore, people don't trust banks and don't use their services. Without national currency, the country cannot exist, the value of any commodity is still measured in fiat currency everywhere. If the whole world were to use bitcoin, then we could talk about a new economic model. But so far this is not possible.

liupengpeng

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Flyingjack123

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Bitcoin offer distinctive advantage of protecting value of money from vessitudes of economic downturn of any country, except for US dollar.
For instance just think had any Venezuelan had invested in bitcoin. He could have saved his asset with fall of their economy.
Similarly any investment by Russians in bitcoin is cushioned against fall of ruble.
Thus yes bitcoin can save personal economies.
Now more and more private enterprises have also started accepting bitcoin.
We will see this will liberate our money from the hands of governments
As for governments lets see what happen to el selvador in long run.
They have become the field lab for this pilot test of bitcoin based nations

nicolerichardson

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I don’t think it would be right to say that bitcoin can save the economy. That’s simply because not every country is going to accept it as a legal affair. No government would like to lose control of its financial system and that’s easily understandable.
What is even more wrong is thinking that it is a good way of making money. We better don’t overlook the risks involved with crypto trading.

kamilah147

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It has been 3 years since the epidemic has made the economy worse, as a result, many people have been laid off at various companies because they are unable to provide wages. what is surprising is that those who have invested in crypto are making huge profits, those who are consistently getting good returns. Likewise with me, crypto during the pandemic can improve my economy, I started trading in 2017 with small capital. It turns out that patience pays off in huge improvements. Crypto is the best platform for me to date.

CDC AP

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The national budget of a country for some specific months in a county is sometimes higher than the total capitalisation of bitcoin in marketcap sites lie cmc or coinGecko. Bitcoin is not a tool for saving the economy of a country, and that's not actually the purpose of bitcoin creation. Normally, it is the work of the government to provide liquidity to the smooth flow of a Nation's economy.
As others had said, bitcoin is for a personal purpose, not a governmental purpose.

Odusko

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Quote from: worldtraveller321 on April 06, 2021, 11:28:44 AM

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Cryptocurrencies can help in developing countries economy, it helps in eradicating joblessness among the youths,instead of being jobless some youths are into trading using cryptocurrencies and they are making cool money,it also helps in reducing poverty,it helps in solving social trust issue,and increasing access to financial service,it improve fund traceability, cryptocurrencies really helps developing countries where they don't have leaders that can manage their resources and the citizens are in abject poverty,those that have knowledge of crypto are exceptional there and they are doing well.

Wawa2013

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Quote from: Tony116 on February 05, 2022, 01:10:19 AM

Quote from: ancafe on February 05, 2022, 12:55:35 AM

Quote from: jamkesmas on January 27, 2022, 09:25:13 AM

I don't think bitcoin is an economic saver but an economic supporter.
I haven't thought of bitcoin as my economic livelihood, I'm still doing my main job as an entrepreneur. Maybe bitcoin is more like a long-term investment for us. and I think most people agree with me

personally, it can save the economy or not, it depends how to use it. Today, we know that many people have become entrepreneurs because of using crypto, especially bitcoin. I think that indirectly, this saves the economy of a country. if you think back, then the development of a company will be concerned with paying taxes that can help a country. this of course gets two very good things, namely a reduction in the number of unemployed and an increase in the number of entrepreneurs who will pay taxes. however, it can also be a negative thing depending on how it is used.

why not? You know that rich people in society are getting more opportunities to invest in real-life and are able to ensure good education for their children because they have the ability to spend while poor people are not getting the opportunity to change their lifestyle. This means that now the rich are getting richer and the poor are getting poorer.

This is leading to economic imbalances. But Bitcoin can solve this problem, anyone who invests in Bitcoin can change their lifestyle without having to be highly educated. I think Bitcoin is able to play an important role in maintaining the economic balance of the society

I'm not a rich person and after getting to know Bitcoin slowly my economy is getting better. I agree Bitcoin gives everyone a chance to have
a bright future, it can be said that Bitcoin does have a positive effect on those who use it. Because people who have a small income and also
do not have a high education, can still benefit from Bitcoin. It is true that Bitcoin is said to be a solution to change everyone's economy
for the better. Because Bitcoin has been proven to create many new rich people, Bitcoin should indeed get government support.
If there is a country that prohibits Bitcoin, it will only harm the residents of that country, because they cannot benefit from Bitcoin.

KaliLinux

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Bitcoin is not a savior but perhaps more precisely is that BTC has helped the economic growth to be even more increased thanks to investment, and I'm sure not everyone is lucky because of BItcoin.

Right, some people definitely most have panic sold during the pandemic and those couldn't be calcified as been helped or saved by Bitcoin but overall, most investors that have been in the space for a bit will definitely get that help since most aspects of the economy were down and Bitcoin was more like the only source as it was for me personally back then.

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