You Think Bitcoin Save Your Economy - page 4.

isaac_clarke22

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Quote from: btc-facebook on April 11, 2021, 06:23:12 PM

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

~

cryptocurrency is not a solution to making money, but there are many ways to make money in cryptocurrency,
so it helps or not all depends on what you want to look for in cryptocurrency.
If you look at the purpose of cryptocurrency being created, cryptocurrency aims to make it easier to make payments quickly and low fees, and after the emergence of the pandemic, many people used cryptocurrency as an alternative to payment.

Kind of misconception by a lot of people that cryptos are money-makers, while forgetting that it was made to be an alternative to fiat we got today.
Bitcoin alone for economy isn't gonna solve what current problem it has right now.
Even if we have our own currencies these days plus banks, we still have a lot of problems to face. Count poverty as one.

masphie

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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?

Yes of course, but maybe not everyone know about cryptocurrencie. I think crypto is one of the many ways to earn extra money during this pandemic. Because, we can do anything digital-based to get money. But for me.... Crypto like second income since 2017.

Kayum10029

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I imagine Bitcoin as the biggest turning point of my life. Cryptocurrency has already completely changed my life. It’s been cherished as an alternative job in my life. With the money I earned from Bitcoin I was able to run my education expenses with my family. So I recognize Bitcoin as my biggest job.

elisabetheva

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Quote from: TribalBob on April 12, 2021, 04:46:37 PM

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months. yesterday I sold it and for me one big advantage

bitcoin is independent and there is no one institution that can do bitcoin and order it to do something. so it is clear as you say that there is no direct relationship between the existence of bitcoin and the economy of a country, it can be ascertained that they move individually. although it may be used to complement and need between.
The role of the state can also regulate to advance in terms of taxes which can be done if it is for progress, because the role of the government is clearly still needed in order to run well.

sulendra12

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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?

For people treats Bitcoin as the currency and especially who comes from bitcointalk, they will most likely feel that Bitcoin helps their economy a lot. Either it helps themselves or other people and to best honest that sounds fair with so many opportunities you can get from Bitcoin.

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Quote from: Twinkledoe on April 12, 2021, 04:50:55 PM

Quote from: TribalBob on April 12, 2021, 04:46:37 PM

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months. yesterday I sold it and for me one big advantage

That is right. Even if bitcoin is not directly influencing the economy of a certain government, but somehow, it helped a lot of users here during this time of pandemic. Have read in this forum alone, that joining bounty programs here saved them from this pandemic and earn bit of income owed to this forum. So even if we are not looking at a larger picture here, in a way, crypto gave something to hold onto to a lot of users particularly small timers in crypto.

Indeed, it helps a lot for those who trusted it but not enough to give a huge impact on the country's economy (maybe if everyone is adopting and investing in Bitcoin). But if we are pointing out to individual life, can't imagine a lot of people come in here having a huge profit in returns and that really big enough to uplift their life status. Yet, not to be considered as the main source of income but sometimes we can tell ourselves that it gives us a lot more than what we can get from our job.

Twinkledoe

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Quote from: TribalBob on April 12, 2021, 04:46:37 PM

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months. yesterday I sold it and for me one big advantage

That is right. Even if bitcoin is not directly influencing the economy of a certain government, but somehow, it helped a lot of users here during this time of pandemic. Have read in this forum alone, that joining bounty programs here saved them from this pandemic and earn bit of income owed to this forum. So even if we are not looking at a larger picture here, in a way, crypto gave something to hold onto to a lot of users particularly small timers in crypto.

TribalBob

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in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months. yesterday I sold it and for me one big advantage

btc-facebook

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

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
What are your thoughts on this. Could this cryptocurrency help people give some new direction?

cryptocurrency is not a solution to making money, but there are many ways to make money in cryptocurrency,
so it helps or not all depends on what you want to look for in cryptocurrency.
If you look at the purpose of cryptocurrency being created, cryptocurrency aims to make it easier to make payments quickly and low fees, and after the emergence of the pandemic, many people used cryptocurrency as an alternative to payment.

iTradeChips

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The economy is a complicated thing, there is no single economy factor that can be solved by Bitcoin alone. The economy is complex and Bitcoin alone, in my opinion cannot save it. Bitcoin might be able to save individual fortunes but not a country's economy or even the world if you come thinking of it. This is what I feel and possibly if you asks some academics as well, they might agree with me too. Bitcoin can never be the savior of one's economy in general.

Dewi Aries

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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?

Mostly yes, because i am not resist sometimes i lose in trading or maybe on other activity. But with crypto, it still really help my life because other than signature campaign (bountis) i am do some airdrops and it can give me good rewards. Or maybe atleast it already enough to live in my country.

Asuspawer09

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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 definitely has a big effect on an economy of a country but it's not just all good effects but has something that bad when it comes to the economy so it might not be a help at all.

Maybe for some people who are invested in bitcoin, this cryptocurrency is a big help because it could provide profit in this pandemic where most of the people are jobless.

Bitcoin could be used as an online transaction since it's a pandemic but I don't see any big effect on this, maybe if bitcoin is already used in a country or legalized in a country it might help at some point.

Alert31

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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?

I think bitcoin can only help for individual situation during this pandemic but it doesn't have any huge help for the economy. Maybe if bitcoin is legalize in one country and all holders will pay tax then it will also help the economy.

tatalin

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Quote from: Tigerheart3026 on April 11, 2021, 09:14:26 AM

Bitcoin directly can't contribute to increase our economic GDP growth, Because it's not like that play significant role with fiat money,
Not much government's adopted Bitcoin. But it's helping a lot financially in the pandemic situation for a person to buy food and others essential stuff. A lot of improvement of a person by Bitcoin.

It is true, if you will think of it for an individual perspective. Bitcoin has save a lot of people due to its increase in price from last year. So lucky for those who have bought Bitcoin below USD10,000. But if we will assess the impact of Bitcoin with our economy, for an overall perspective, I agree with you. Bitcoin didn't contribute much for the growth of the Economy, example is our country. We are much in debt right now and I don't think our government invested in Bitcoin just to have money to pay our creditors.

Tigerheart3026

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Bitcoin directly can't contribute to increase our economic GDP growth, Because it's not like that play significant role with fiat money,
Not much government's adopted Bitcoin. But it's helping a lot financially in the pandemic situation for a person to buy food and others essential stuff. A lot of improvement of a person by Bitcoin.

Hobo66

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It's scary to invest in something so expensive. But i think it's not a bad thing to have one, god knows how high it may reach. If I could I would buy 1. I believe it still has the X5-X10 potential by Q1 of 2022/ just my personal optimism. but it's a legit coin.

Hobo66

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It's scary to invest in something so expensive. But I think about it like a share in Microsoft. It's not a bad thing to have one, god knows how high it may reach. If I could I would buy 10. I believe it still has the X5-X10 potential by Q1 of 2022/ just my personal optimism. but it's a legit coin.

Ziskinberg

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NO, maybe not this time. I may say this, how a person can save 100 people? That is really impossible and having Bitcoin isn't only enough to improve our economy, yet, it needs the participation of everyone.

I don't have an exact figure of how many were adopting Bitcoin and currently use it but I think that we are not yet reached 10% of the total population. If ever I'm right (or someone could provide it), this is too far from the said HUGE market adoption, and this still far from a huge economic improvement.

tatalin

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I cannot see that Bitcoin has anything to do with our Economy. Ever since the pandemic started, our Economy collapsed. Thousands of businesses have shut down due to restrictions on spreading COVID-19. With that, many people lose their job and people are just waiting for the aid of our government. Even though some of the people here invested in Bitcoin and other coins that gave them a substantial profit, there are still many of the thousands people who do not have the means to invest and doesn’t know anything about crypto. So I guess Bitcoin won’t save our Economy.

Ultegra134

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Quote from: Shasha80 on April 10, 2021, 01:17:48 PM

I dare say Bitcoin can be a solution for those who want to earn income in a pandemic situation like now. Because I have proven it myself,
by starting to actively collect Bitcoin since 2020. Finally in 2021 I can feel my economy is getting better, this is because this year the increase
in the price of Bitcoin is very drastic. In my opinion it is never too late to start investing in Bitcoin, because I believe the Bitcoin price will
continue to rise. And Bitcoin will save the economy of many people, not just me.

Bitcoin and crypto are considered as investments assets nowadays, if someone wants to achieve a decent income through crypto, he then must proceed to invest a few hundred if not thousands' of dollars into a variety of coins/portfolio or just Bitcoin. Earning money isn't that easy, unless you were from the lucky ones that owned it since the beginning.

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