You Think Bitcoin Save Your Economy - page 7.

mezzaluna

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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 believe that Cryptocurrency wont just be a saving mechanism for the economy but its also something that might get reinforced as another source of industry that people can venture into. Learning about Cryptocurrencies would be a great idea since we can gain a lot of money from it if utilized properly and that unending applications of Blockchain Technology is so great that people have something new to study everyday so it is possible that Cryptocurrencies can play a major factor that can create a better economical status.

rodskee

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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?

If Only each country will give chance and opportunity for their people to adopt and trust cryptocurrencies?
I'm sure that Economy will get better faster comparing to non crypto help.

Quote from: Kittygalore on April 07, 2021, 05:41:08 AM

Bitcoin saving the economy of my country is a daunting task because bitcoin has to touch a lot of sectors of the economy to make things right in those sector not to mention that the economy of a country is so large that I think that it is going to be difficult for bitcoin to fill that gap. Maybe personal finances of the individual could be saved, start at the bottom to solve the problem at the top.

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

decodx

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

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 would even go as far as saying the future of money will have to be a decentralized system. Cryptos will come to dominate currency. The same can be done for the entire centralized banking system.

Argoo

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Quote from: andthereyou on April 06, 2021, 06:43:35 PM

Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

Bitcoin will definitely not cause a collapse of the country's economy, nor will it save it in difficult times. There is very little connection between the general economy of the state and the cryptocurrency. Governments and their bodies do not invest in bitcoin, and therefore their economies do not depend on it. Only citizens who use bitcoin and other cryptocurrencies can improve their financial situation or suffer losses.

Wind_FURY

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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?

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.

Quote

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

In the form of HODL.

Quote

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

It can in Bitcoin as a censorship-resistant, self-sovereign currency.

blckhawk

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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?

Well for personal finances then Bitcoin definitely could help a lot in fact it did bring changes to my life. However, for the general economy of a country, I don't think so. Bitcoin is not yet fully accepted by the government and even a few individuals are still scared of using it and it is enough reason why it couldn't save the entire economy of a country. Though the adoption is gradually increasing it still not enough to bring changes to the country's economy but perhaps if the whole nation is using crypto then there might be a chance.

giantrobot

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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?

Electronic money can help people have many directions. You can hold to wait for the opportunity to enrich or sell when there are words. We all know in a long-term epidemic situation across countries that have affected economically. Many unemployed people have no income, a number of service tourism industries must be closed. Investment in Bitcoin is also a new, potential direction.

Kittygalore

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Bitcoin saving the economy of my country is a daunting task because bitcoin has to touch a lot of sectors of the economy to make things right in those sector not to mention that the economy of a country is so large that I think that it is going to be difficult for bitcoin to fill that gap. Maybe personal finances of the individual could be saved, start at the bottom to solve the problem at the top.

maydna

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If that is about personal finances, then yes, bitcoin helps them give them a chance to make money in this pandemic. If you can check what people can do in the crypto market, they are trying to profit from various coins besides bitcoin, and so far, they can really make money, which means they have a new income source. They can still use crypto trading to make more money, but they need to improve their skills to analyze the other coins.

But people out there tend to search for the job offline, and they still trying hard. If they can know about crypto trading and have free money to start and learn to trade, I guess they will have a chance to make money.

Trinx01

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There is a huge potential the bitcoin can make the economy recover from this pandemic, this COVID-19 makes a lot of changes in every life of many people especially in terms of finances because a lot of business has been closed, a lot of companies has closed as well which results of economy crisis, Bitcoin can be a big help for this problem but if our government cannot use it properly and still thinking that there is no goo with accepting cryptocurrency then nothing will happen.g

Alucard1

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We have experienced this pandemic for about a year and we have seen that a lot of people are now exploring the world of crypto and starts investing in it, bitcoin can affect the rise of the economy but still, it depends on how the government will use it, if they are still unaware for the things that bitcoin can give to us, if they are not aware on how technology can help the economy rise again then bitcoin will still not be enough. Nowadays we can say that bitcoin is only for personal use because the government is still against it. Bitcoin is so useful and if our government will see its benefits and potential then our economy can get recovered from this pandemic.

davis196

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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?

What do you mean by "your economy"?The economy of my country or my own financial situation?
Bitcoin definitely saved my financial situation 4 years ago and it keeps helping me pay the bills and provide food on the table.
Can Bitcoin help the economy of my country?Nope.Definitely not.There are just a few people involved in blockchain technology and cryptocurrency trading in my country,so the crypto industry cannot have a significant impact over the national economy.

Lorence.xD

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Quote from: andthereyou on April 06, 2021, 06:43:35 PM

Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

Stocks is also volatile but a tamed one, the reason I think that bitcoin isn't going to save the economy is the scale, like if we want bitcoin to do that, it has to be able to be circulated in the economy and adopted by a nation first and considering no one has fully done that, I have to agree with the quote above.

maxreish

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When we tackle about bitcoin's aiding country's economy, there are so much things we need to consider. First off, the adoption isnt reach yet.

Though somehow, this pandemic helps some people to be aware of other way of acquiring income like trading, etc. But when it comes to economy's sake, the government should actually fully accept cryptocurrency as their can be a help to many businesses and improve financial connection.

Lordhermes

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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.

andthereyou

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Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

Ridwan Fauzi

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Bitcoin is not a magic that can help many people especially in the economic side. Although you have money and you try to invest and trade in bitcoin it doesn't mean you will get money in it. Moreover, if you just know to bitcoin, you may need several time to adapt about the characteristics of bitcoin. There is no an instant way right to getting money in bitcoin, I bet there is no one who can do that even he is an investor before.

You need to learn some basic think about investing and trading bitcoin. I guess there is a different think when you trade or invest in stock or in any traditional investment place with bitcoin. But, for those who knew bitcoin before this pandemic came I guess their economic will be fine even better than before the pandemic came. They will have an investing in bitcoin or buy bitcoin at the lower price even there will be some people who still hold their bitcoin who bought at the lower price.

Twentyonepaylots

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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.

wxa7115

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Bitcoin is GOD

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?

Saving is a very strong word, bitcoin is probably the best investment of the last decade but only now we are seeing more people adopting it with the purpose of using it as a store of value, the ones that could have used a little help from bitcoin are probably the ones that argued against the most and thought it was a scam.

And while bitcoin could help them if they invested in it. how are they going to do it when they have no money and they are afraid they are too late to do so? We know this is not true but that is the way people think when they see the price of bitcoin so close to 60k, which means they will make the same mistake again and avoid investing in bitcoin and suffer once again when a new economic crisis hits us.

xiboothrezi

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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?
~

I really felt the benefits of being involved in the cryptocurrency world, long before the pandemic occurred. I have the opportunity to still earn money amidst the hardships of the pandemic. This is really good luck which I am very grateful for, my friends are having a lot of trouble because some of them have been temporarily laid off.
This is the importance of having a side job that you can maximize during difficult times. Cryptocurrency can be the best alternative, start maximizing your potential and keep learning to make the most of the opportunity.

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