You Think Bitcoin Save Your Economy - page 6.

Ultegra134

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Quote from: dothebeats on April 07, 2021, 04:00:48 PM

Economic recovery is not going to be moved by bitcoin nor any other cryptocurrency. The government's policies on economy and how they control this to stimulate growth is what's going to drive recovery.

Bitcoin and crypto only provide opportunities to a few people who are somewhat versed in crypto, and have the spare money to begin with. It's not like a few people who have increased their net worth and purchasing power would be enough to lift a country's economy up, it has to be more than that.

Couldn't have said it better myself, cryptocurrency isn't for the most, media and people have described it as the panacea of investments, they are risky assets. It can be challenging for most.

Can't speak for others, but I have made a decent amount the past few years, which I've set aside and reinvest it when possible. In conclusion, cryptocurrency has helped me maintain some kind financial freedom.

dimonstration

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Quote from: MCobian on April 07, 2021, 11:50:19 PM

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

Rasel5209

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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 cryptocurrency help people give some new direction. If we saw world economy world economy effect with crypto currency.

fullhdpixel

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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?

Sure it’s part of what one can look at as a means to be earning income and helping themselves at this time that things has been difficult for everyone. But just know that it is not going to be working for everyone, you can do it and it works but another person will try it and it wouldn’t work for them, so it’s good to usually try out other things too, while you’re trying out Bitcoin and cryptocurrency.

Moreover even when it starts paying you, you shouldn’t leave other jobs you’re doing just because you’re now seeing income flowing in from it, you still have to maintain other means of income as much as possible. So whether Bitcoin is helping my economy? Well, as long as it’s helping citizens, then It’s doing good to the economy.

kopijos

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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?

If for an individual, not a company or an institution, I think it is possible for bitcoin to restore one's economy, we see a lot of professional traders who can restore the economy well when he is successful. so bitcoin is more suitable for someone not a large scale or a national scale

Pamadar

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Quote from: MCobian on April 07, 2021, 11:50:19 PM

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.

Personal economy has been met by those who understand the market, like you, there are also other people who earned from this market.

Quote from: MCobian on April 07, 2021, 11:50:19 PM

Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home.

Working infront of your computer, Bitcoin/crypto investment bring decent compensation to those who pay attention inside the market.

Quote from: MCobian on April 07, 2021, 11:50:19 PM

But Bitcoin gave me a solution, I can get money by trading Bitcoin and I don't have to leave the house to make money.

Good for you and to those similar beneficiaries.

Quote from: MCobian on April 07, 2021, 11:50:19 PM

I'm sure a lot of people are helped the economy after getting to know Bitcoin.

There are numbers of people who also enjoying the same benefits.

gabriela1999

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Bitcoin cannot save the economy of the world. This year the capitalization of the Crypto market has a strong growth rate. But with too large fluctuations will be very dangerous to the economy of a country. Bitcoin will match the opportunity for an individual or more organization for a national economy.

Kittygalore

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Quote from: rodskee on April 07, 2021, 08:19:12 AM

Quote from: Kittygalore on April 07, 2021, 06:41:08 AM

~

Without government interference for the people towards crypto , yeah Only the Individual finances will benefits from this.

And with a stable individual finances, I am sure that the macro economy is going to benefit too because the people has a lot of money to circulate back into economy.

MCobian

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For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Yayis

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Activity: 20

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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 can actually be very harmful to an economy, especially one that keeps printing money with nothing backing it.

best123

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https://blockmembers.io/

Bitcoin (Cryptocurrency) helped me to preserve my money not only preserving it but it also brought profit to in many cryptocurrency investments. To me, cryptocurrency is doing great to the world economy.

dothebeats

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Economic recovery is not going to be moved by bitcoin nor any other cryptocurrency. The government's policies on economy and how they control this to stimulate growth is what's going to drive recovery.

Bitcoin and crypto only provide opportunities to a few people who are somewhat versed in crypto, and have the spare money to begin with. It's not like a few people who have increased their net worth and purchasing power would be enough to lift a country's economy up, it has to be more than that.

AakZaki

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Bitcoin or other cryptocurrencies provide an opportunity to be able to better the economy during this pandemic. Many new investors are starting to get into crypto.
Crypto does look promising.

Individually my own economy is helped by bitcoin and other cryptos. I trade and invest in crypto. it's very productive. Improve the economy and provide opportunities for those who want to enter crypto.

doomloop

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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?

Maybe the answer is a No. But there is a way I see this, there are people in my country who are cryptocurrency traders and most of them got their life changed when they started trading cryptocurrency, and since they are rich and investing in the country, I don’t know if we can say that that’s a way for cryptocurrency to contribute to the economy? Although I do know that there are lots of people who have lost money as well. It’s just like a thing of luck, and when it starts working, it is huge.

But, let’s not forget that there are now centralized exchanges, and these exchanges are becoming big businesses with offices in different location around the world and I guess that can be counted as cryptocurrency contribution to the economy of those countries where these exchanges are, because if not cryptocurrency, then there wouldn’t b such exchanges.

Noctis Connor

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Quote from: acener on April 07, 2021, 10:26:35 AM

Nope I don't think so but it could help the people to earn on their own.
Bitcoin or crypto could help the people but not the economy right now.

Im agree with you if one country don't care about bitcoin then how can it help the economy? If this kind of mindset they will set to help people and give them a good capital to start bitcoin then maybe there a chance that all poor people doesn't have any kind of skill from working then this are they chances to take this kind of opportunity and learn everything about bitcoin and start their own path.

Banprox

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I don't think so. Because in my country bitcoin is not legal. My government till now don't accept it. Then in my economy, bitcoin doesn't create any good impact. So this is crystal clear that bitcoin don't save our economy.

kryptqnick

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Quote from: worldtraveller321 on April 06, 2021, 12:28:44 PM

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?

For countries with very unstable economic situations cryptos can be a chance for people not to lose their money and for their funds to retain value. Given the economic impact of the pandemic, I think this will become even more relevant than before. Apart from that, cryptos can be an investment opportunity for corporations and even for some state funds (if they're willing to risk) which could improve the situation a little if Bitcoin keeps rising. Finally, if something devastating like dollar's hyperinflation happens after all this overprinting of money, cryptos will become something that can save the world because they can ensure it doesn't happen again. But I don't think this final case is likely to happen.

acener

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Nope I don't think so but it could help the people to earn on their own.
Bitcoin or crypto could help the people but not the economy right now.

mbe48

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In my opinion, bitcoin here is proven to be one of the safe assets from global uncertainty or a safe haven asset. So I think bitcoin will continue to be favored by investors in a situation like this and I think this is the right time to invest in bitcoin especially because many other investment platforms are experiencing a significant decline due to the Corona effect.

fauzan123

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Quote from: Twentyonepaylots on April 06, 2021, 07:07:25 PM

I do not think bitcoin will be able to save the fiat economy. First and foremost because bitcoin is not connected to the fiat economy at all. It may have been a point of comparison but that's as far as connection goes between these two things. If it were to collapse, bitcoin will be the go to of the common people, and those who adopted it earlier will have a considerable headstart compared to those who FOMOed.

The nature of Bitcoin as a financial asset has attracted the interest of many people and created potential financial losses. Although the line between money and financial assets is not clear, people's actions often reveal the role that these assets play in the economy. These days, the joy around Bitcoin is buying it as a financial investment, not using it as money to buy goods and services.

I think, Bitcoin is "not a stable store of value, and is not a legal tender"; in his judgment, Bitcoin "is a highly speculative asset. Of course, it is very risky if our assets put everything in bitcoin, but it is different if only partially because it is not impossible that bitcoin can be one of the income that can change our finances.

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