You Think Bitcoin Save Your Economy - page 3.

BITCOIN4X

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

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

Bitcoin will only benefit those who own it, trade it, and invest with it. Bitcoin will not solve the economic problems of anyone who is not directly involved with it because without bitcoin you can't say everyone will enjoy everything. Yes it can help, but only for anyone who cares and maybe not for everyone.

Quote from: mindrust on January 20, 2022, 07:21:15 AM

Bitcoin has nothing to do with the economy. It is not going to bring back lost jobs. When you impose lockdowns on countries and shut down the global economy, people will lose their jobs, the inflation will go on rampart... Bitcoin isn't magically solve these problems because it is completely unrelated.

As I said, it's not for everyone, but it's probably for the majority of people who have owned and traded it over the years. I think it is safe to say that during the pandemic bitcoin has helped its users financially till now especially for those who have invested and held large amounts of it.

Mame89

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I don't think 100% BTC is a savior because we never leave our main job, but at least with BTC, our financial situation is better than before because we are one of the lucky ones when I forgot to have saved some BTC in one of the exchanges and someone reminded me at the bull market.

mindrust

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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?

Bitcoin has nothing to do with the economy. It is not going to bring back lost jobs. When you impose lockdowns on countries and shut down the global economy, people will lose their jobs, the inflation will go on rampart... Bitcoin isn't magically solve these problems because it is completely unrelated.

If people want to go back to normal like how was before 2020, then we need to remove the stupid restrictions like the vaccine passports. UK already realized this and removed all the restrictions. The rest of the world needs to follow the UK.

Mr.sprin

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in times of pandemic like this bitcoin is a very appropriate investment but you have to understand how to use it if it's wrong it will be a loss but if you have knowledge of crypto then there is a big advantage investing in bitcoin.

bitterguy28

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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?

Bitcoin cannot help economy beings back ..

if the coins won't be adopted then there is no chance of this to happen , Cryptocurrencies are only here to be adopted and must be use first to helps circulate and make the best out of it.

Quote from: ?? on ??

I think that bitcoin will at least give many economies an impetus and start to develop. But, you need to competently approach this.

Bitcoin is already letting country to develop Grin

This is why Bitcoin is saving some economy .

tulusikhlas

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I answered correctly that bitcoin saves the economy. But this applies to those who have been struggling in the bitcoin world for a long time, in other words, for beginners or even those who are new to bitcoin, you can't say that. What is the reason I say like that? Because they are really pioneering from the beginning and have to lay the foundation for this, for example money (capital), knowledge, and so on.

Vaskiy

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Quote from: LUCKMCFLY on January 17, 2022, 12:59:35 PM

BTC will always be the best economic alternative due to its deflationary nature, if in countries with high inflation it is the perfect solution, in fact, for me the only solution that Venezuela has is through BTC, I do not know of another economic solution based on the economy traditional nor in its different solutions due to the scenarios that have been presented that have been totally out of the ordinary.

In countries with high inflation, BTC is the best lifeline because when compared to local currency, BTC is much better than a strong currency such as the dollar, Euro, among others.

For some reason bitcoin can be a lifeline for countries that experience hard inflation. The inflation happens as a slow process, if the government was able to correct at the very beginning it could've got solved. Lets consider a country suffering inflation. Now they've adopted the bitcoin and slowly progressing. By the time the market is completely bearish. We can't have exact prediction, if such scenario happens what'll the country experience. How could this help with the economy by the time.

Ebede

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Quote from: ?? on ??

I think that bitcoin will at least give many economies an impetus and start to develop. But, you need to competently approach this.

Bitcoin will not help to develop a country, is better that is not all the countries is using bitcoin, because the help of bitcoin can not increase the development increase of bitcoin, economy we are talking about, what is economy and how can Bitcoin help the economy of country that already have a revenue

LUCKMCFLY

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BTC will always be the best economic alternative due to its deflationary nature, if in countries with high inflation it is the perfect solution, in fact, for me the only solution that Venezuela has is through BTC, I do not know of another economic solution based on the economy traditional nor in its different solutions due to the scenarios that have been presented that have been totally out of the ordinary.

In countries with high inflation, BTC is the best lifeline because when compared to local currency, BTC is much better than a strong currency such as the dollar, Euro, among others.

Argoo

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Quote from: N2CoinOfficial on April 15, 2021, 08:17:09 AM

Definitely Not! Bitcoin will not change the economy because some countries still does not accepted crypto as a currency.

Even if all states accepted bitcoin as a means of payment, this would still not significantly affect their economies in the direction of improvement. Decentralized cryptocurrency, like any currency of states, cannot create material values, it can only redistribute them. Cryptocurrency provides us with a good opportunity to evade general financial control over people by states and their governments and be an effective means of payment along with the current state payment system.

Frengki_cisco

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

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

A situation that can answer all of that, some people succeed, some are unlucky, so which group do you belong to, Unwittingly crypto has changed the life of the world economy, not only individuals, almost all sectors are assisted by crypto in terms of the economy.

If you think crypto doesn't help in the economy, maybe it's all dead, but the proof is crypto is sought after by many people who want to change their economic life.

Gyfts

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Quote from: Wind_FURY on April 07, 2021, 06:23:14 AM

Bitcoin itself can’t save the economy, but Bitcoin can be used as a fall back/back up in case the government loses control of the monetary system because of BRRR money-printing.

I think it can save an economy, granted the adoption of Bitcoin is universal or at the very least competitive enough for fiat currency within an economic system to be forced into competition with BTC.

Right now, any one country will have a monopoly on the currency, so there is no incentive for fiscal responsibility. If you take a failing economy, and either implement BTC as the universal currency, or relax regulations and encourage its adoption, I think you can stir up economic activity to a failing economy.

Though, goes without saying, it's counter intiutive for a government to introduce a currency that competes with its own, that's why you haven't seen BTC "save" an economy. The economies that aren't working are usually because of government corruption, and introducing BTC would give up too much control on the economy.

bhooscream

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I cannot say fully but yes that Bitcoin and other cryptocurrency exactly help my life so far. Moreover during this pandemic in which I must stop working.
I can still survive and earn money from crypto, especially trading although not day trade.
Bitcoin really can help my life to be better and also my family

romero121

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Bitcoin is innovated for different purpose, and so it has nothing to do with economy. When we talk about the saving the economy of a country, it all depends on the development the government take forward for the upliftment of its citizens.

Bitcoin adoption might streamline the usage of technology and gives transparency which could lower the corruption happening in each and every country. When corruption gets stopped, automatically the economy of any country will grow.

Newlifebtc

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Quote from: Lordhermes on April 13, 2021, 07:50:02 AM

Quote from: 0t3p0t on April 13, 2021, 05:59:46 AM

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

I agree to what you are intending to apply, in my country the same procedure to saving the economy is recognized by the citizens, as it is now, almost 70% of my country youths have been able to pay her own bills upkeeps. By gradually doing this the economy will be regaining herself to stay stable.

All these can only exist for country that aspects Bitcoin, development country can not need Bitcoin to develop their environment, Bitcoin can only support economy of the country if they agree together to bring bitcoin closer to every citizens and what it will do is to reduce unemployment to people.

syedakhlaque

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Yes, I think that bitcoin can save our economy. Bitcoin has the potential to play a positive role in boosting up the economy in some awkward situations or in some particular situations. In a such situation, you can earn and improve your economy through trading bitcoin. Although, It needs a great concentration,study,knowledge & experience. But through hard work, you can do everything to save your economy.

N2CoinOfficial

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Definitely Not! Bitcoin will not change the economy because some countries still does not accepted crypto as a currency.

milani

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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?

In my opinion cryptocurrency and Bitcoin itself have already gave new direction and lots of opportunities long ago when they appeared. And of course our world is being transformed nowadays. But cryptocurrency has no impact on global economy, it changed the way of thinking for lots of people worldwide, and gave new ways of reaching their aims, getting profit or fulfilling the idea into life. In case the governments accepted the crypto in addition to national assets so cryptocurrency will participate in building and in influencing on the economy's, but nowadays it is still on the way of it's developing.

Lordhermes

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Quote from: 0t3p0t on April 13, 2021, 05:59:46 AM

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

I agree to what you are intending to apply, in my country the same procedure to saving the economy is recognized by the citizens, as it is now, almost 70% of my country youths have been able to pay her own bills upkeeps. By gradually doing this the economy will be regaining herself to stay stable.

0t3p0t

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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?

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

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