Bitcoin Forum

    many people who profit from investing in bitcoin but many also lose because of investing in bitcoin, but the cause of people who lose because of investment
in bitcoin include:

 : the result of not being able to withstand it so that it is finally sold at a low price, and the causes are various, such as panic because prices have fallen, or because there is an urgent need for life, so that you are finally forced to sell bitcoins.

but there are also many who profit from investing in bitcoin, but those who profit are usually people who are strong at holding bitcoins. and sell it when the price is high.

bitcoins help a lot
economy of all circle, including:

: many rich people invest in bitcoin and get big profits.

: poor people can also benefit from bitcoin, if they are interested in investing in bitcoin. and not a few people who were once poor are now rich.

: people who have physical impairments caused by accidents or who have been born with disabilities, they can also invest in bitcoin as long as there is a will, and I see many people with disabilities (physical impairments) who are now economically assisted by investing in bitcoin.

and the unique thing is that investing in bitcoin can be done with small capital, even less than a dollar. so bitcoin is very unique and helps the world community a lot.

what do you think about bitcoin have you ever been helped economically by bitcoin.?

Bitcoin touches lives, there are many that did not know they could own their cars and houses at the time they possessed them because of Bitcoin. We can't neglect this fact and many more as Bitcoin has helped create many jobs in so many facets of the economy. But what I am not comfortable with is your topic of this thread, the global economy is vast, and the decentralization of bitcoin could not help in impacting it much as most transactions are private, not to talk of you using "all" in your writeup.

Bitcoin has really help alot of people in the universe,it has turn the life of so many people today to get what they want or what they wish to have at anytime.
It has come to my notice that bitcoin is a good investment platform,this has help they youth which intend having a good living to invest in it.
It is right to invest in bitcoin because is has the ability to transform someone life and place you in a level you ever imagine.bitcoin is very capable to make someone own a shop,car etc.

Bitcoin does have benefits for many people from the bottom to the top, from being able to make a person's source of income to meet their needs and can even help several countries that are experiencing economic and financial inflation.
However, what is really regrettable is that there are still some people or even countries who do not trust Bitcoin and think Bitcoin is a worthless asset because of the many cases of fraud or money laundering using Bitcoin, so that the main factor is that there are still those who do not trust and doubt Bitcoin.
We must continue to introduce and explain the benefits of Bitcoin to those who don't know the real thing about Bitcoin.
That way in the future I'm sure more people will use or take advantage of Bitcoin as a very profitable source of income.

Bitcoin has create a very good name to some of us that are investing in it and it has create development for most of us here, this has generate good mission to every one and that why most of us love doing investing in it.
It has brought alot of open doors to our ways and it has help the most people great and to get to there goals in life.
This were you can invest with 70% rest of mind and comfort too,in it you will fine gain and lost during investment. And don't thinks of it the order way that it don't help if you see it as if it cannot help you, you need to know the main thing you are doing because that not bitcoin

Bitcoin is a means to help alot of people who really what to invest there money to gain goo profit remember that the bible says that what a man soulwet so shall he ripe,so if you should invest in bitcoin you will be very happy and it will smoke room for alot of things to happen in your life, you will see a difference of investing in it and not to be scammed by any forum that you get loss then profit.

We have forgotten what the original goals of Bitcoin were. We like Bitcoin because of its high volatility. Those who believe Bitcoin will make them rich quickly are mistaken. Because some people expect to become millionaires overnight. However, Bitcoin has become a part of the global economy, despite government opposition. As a result, Bitcoin has a minor impact on the global economy, and the global economy has a direct impact on Bitcoin. It all comes down to investor sentiment.

Yes, Bitcoin has been helping me financially since I discovered it. And when I conclude how it has advanced along the years I really don't know how I could have earned what I earned without Bitcoin in my life. If I relied on fiat, I wouldn't have made 5% of what Bitcoin proportinated me. But you have to be careful. Since Bitcoin is a very valuable currency and asset, it will lure attention from scammers from every kinds. If you don't keep your coins well protected and if you fall for investment promises over your Bitcoins, there are serious risks you can lose it entirely or partially, prejudicing your financial growth on long term.

I was reading to see how bitcoin has improved your finances but you failed to share your personal experience. I have my stories of how lucky I am to have bought bitcoin early and I’m sure there are many others here who have benefited from buying bitcoin. But these are personal experiences and those doesn’t affect the economy on a national scale. El Salvador was the first country to accept bitcoin as a legal tender and so far President Bukele has done a lot to promote bitcoin awareness in the nation, how has their economy improved since then?

For sure, I have seen many threads in the past here on how bitcoin helps them financially, they become stable and have the financial freedom to buy things that they want for them or for their families, so that is good. And probably it will inject some of that in the economy too, and that's the beauty of having an extra money because you have the purchasing power. But not all have succeeded though, investment or to make money here is not that easy as it sounds. It's not an easy or get rich scheme. You really need to have a lot of patience and you a strong mentality and be intelligent when to buy and when to sell to enjoy your profits and then make them sustainable in your end.

Economies are a complex thing and being massively reliant on the circulating currency of that currency and the financial policies that are set in place, they would scarcely be affected by Bitcoin. The fact that an asset has been able to enrich a couple of people does not mean it can have far reaching effects on the economy.
Adoption rate in several countries is too low to have much of an impact.

Bitcoin would not save the finances of the poor or those with disabilities. Maybe it could a decade ago, but not likely today.

Bitcoin does not make people rich or poor, their decisions do. If you make a bad financial decision with bitcoin you would lose out and if you make a good one, you profit.

- Jay -

Bitcoin helps every people in different economic status based on the investment capability. Once it was affordable as a whole for every level of people and by the time very few believed in it. Now things have changed and people look for opportunities to invest. The smallest denomination available for investment makes it an easy investment choice and people have realized the fact of this being a potential market to grow than considering it a quick rich scheme.

I think the main point is that you can just simply save money in Bitcoin, you don't need to invest it in anything really.

If you just save money in fiat then your money will be worth less and less every year.

So the difference is quite big if you simply compare fiat and Bitcoin in terms of simply "saving money".

Basically it doesn't make people poorer over time as fiat does.

o, yes, I forgot to share my experience about bitcoin, and it just so happened that my investment experience in bitcoin was not long ago. as you know now bitcoin has increased in price, and I bought it at a price of around 18000, and now the price is around 20000, and I feel very happy, it turns out that investing in bitcoin is very pleasant.

Crypto assets are now the prima donna in the investment world, not only helping the people's economy, but the presence of bitcoin is also very helpful for the government's economy and can boost the wealth of billionaires, because the presence of crypto assets can provide benefits to the economy of those who are investing in crypto, crypto assets now has become the livelihood of the community, and can also be used for charity.

This is possible because the rest of the world is going digital and not because of the invention of Bitcoin alone, Bitcoin isn't the only assets that can be bought by the physically impaired victims, any assets that can be traded digitally like stocks can be brought too. What make Bitcoin different is because of its unique nature which involves privacy.
The problem this other assets would have is that, they are not available for purchase without our identify been exposed but with Bitcoin you can invest anonymously without having to expose yourself.
This is one of the reasons Bitcoin has a better chance of helping those struggling financially to get some break. Bitcoin makes it easy that the playing field becomes level and everyone is opened to the same opportunity unlike other assets.

Investment with bitcoin is profitable but what people lack is the verdict to get this done which is ultimately the absence of knowledge about bitcoin, wjen you have this good and sound insight with bitcoin then loosing becomes a difficult task to come through, maby have taken this great advantages to make a food living as many opportunities comes through bitcoin, the economy now is evolving round the digital technology of decentralized currency, this is part of the interesting and unique opportunities that comes through it.

Indirectly bitcoin and crypto have helped the government in terms of reducing poverty among its user communities. I am not talking about actual crypto billionaires who have been rich long ago, but this is about users who started trading and investing with a low budget and made money from it. Bitcoin and other crypto investments have driven billionaires richer and changed the financial status of ordinary users for the better. This is real, and not just a success story about a few users.

Governments can also profit from it despite until recently they mostly only legalized bitcoin and crypto as investment and trading assets. Governments through tax regimes have benefited greatly, after all they also make profits from exchanges or other crypto companies apart from traders and investors.

Globally means worldwide, and some countries don't even accept bitcoin adoption, so how will it have helped global economy, which is impossible. You can say that bitcoin has helped individuals who are investors, to have a life assured assets i.e securing their future from fiat depreciation.

So many people have benefitted from bitcoin and we are all living testimony to that,since it has turned some poor people to become rich,especially those that bought bitcoin early,some persons are traders in the cryptosystem and are using it as a means of earning a living for themselves. A tree can't make a forest, when few people benefits from a project, it will not have positive impact on the nations economy. Bitcoin uses p2p payment system.

I totally agree with your opinion about how our decisions determine our profit or loss in investing in Bitcoin.
Everything the OP said was essentially in line with what you said about the decisions we made.
It's true, Bitcoin can improve our economy if we make the right decisions.
However, if we make bad decisions, it might even cost us.
It all depends on how the decisions we make and implement will have an impact on helping our economy or worsening our economy.
I think a right decision is of course made based on many factors, whether it's from good knowledge, our self-control and from our experience.

I believe that any country who invest into Bitcoin and they have inflation in their country with the investment they have in Bitcoin will help them to regain some certain loss because bitcoin is something that I appreciate and the in sometimes too it does not appreciate it goes down so investing in cryptocurrency and monitor it will take little knowledgeable people I think that the country will not lack anything concerning their economy

The most important bitcoin can give you is freedom and with bitcoin, you really feel that you own the money you have and the asset is fully under your control while that's not something you can get when you are using any other things like the traditional currencies.
In the other hand, as you mentioned bitcoin can help even poor people to invest even with small amount of money and expect high returns due to the nature of the market.

I will agree with you in your sentence and your statement but in the same time what has happened in Bitcoin investment I will say that 50% might be benefited Bill and profitable to people why the remaining 50% other people experience the bad side of it so we cannot conclude that having bitcoin investment is the highest kill or highest way of investment so it depends on your bulletin of having again or locks in Bitcoin investment

Bitcoin is a great tool for financial transaction freedom.  It enables us to have a frictionless payment and does not need intermediaries in order to transfer funds.  It also lowers international transaction fee because we can send it directly to the other person anywhere in the world.



It does help me economically, I am one of those underbanked/unbanked individuals but with the introduction of Bitcoin I am able to perform online transactions what's more, I can also transact internationally with the use of the Bitcoin payment option.


A good argument but once Bitcoin is accepted globally, there are lots of things will be realized such as transparency, financial inclusion, inflation and money devaluation and many more.

The thing is that a country opting to use Bitcoin only will lose control of managing their own monetary policy. That could be a positive thing though, but it doesn't shield the people of having tough times.

Sometimes you just have to spend less, and with Bitcoin that's also true. The thing is that with fiat they created an illusion that you can always spend more. Forever, with ever increasing debt. Well, that debt is not magically going to go away any time soon.

I don't really know if faith is involved with its context, bitcoin is a means of payment, it doesn't think, the one who thinks is the user, and in that sense sometimes it doesn't matter in the process how good the "technological means" used is, if not how that technological scope is used by individuals.

The technology behind Bitcoin is remarkable. What Big companies with adoption of this technology will do, will push this system through the roof. CB tried to stop it, they tried a few times but there was no success. Cryptocurrencies can be in our hands and the technology behind them also. Wait for big adoption of WEB3.

I think this opportunity is exclusive, no matter what circle you come from. And it's time to stop assuming that bitcoin only supports one's economy from its volatility. Bitcoin is a means of payment, not an investment instrument.
Yep, I was helped by bitcoin with some unusual job opportunities I got from around, luckily I had the will to learn more about it.

People who are wrong about investing in bitcoin are lack looking for more information and only follow what the people who invite them to invest in bitcoin say. Mostly, that happens to people out there because they don't want to look for more information and only rely on their friends to invest. They are not trying to learn to analyze to find when to buy and hold and sell but ask others when to buy and sell.

Investing in bitcoin is not just a matter of buying and selling. There are times when you can buy like. For example, you buy bitcoins when the price drops sharply and at a low price. And if they can do it, they will benefit when the bitcoin price increases as high as it is now, even though it's not very high.

Investing in bitcoin is not the main purpose of bitcoin and when we talk about economy we should understand that nowadays's economy model is based on an inflation and bitcoin is a deflationary asset. So integrating bitcoin into economy makes changing economy basing on a new status quo. It is not an easy process and we'll see how many things will change in the future and impact of investing in bitcoin will be not the biggest in entire economy.

Helps an individual who won from trading or investing but with the economy I doubt  Bitcoin is not even widely accepted by consumers. Also, this is somehow blurry. This crypto industry generates profit for the investors due to its market price volatility. But since that is volatility we were talking about, imagine how big the loss could be if your assets are store into it. The idea is already there but if this would be a decision from government leader, that would be one sided.  Because there is a higher tendency for them ( as evident with the present( to restrict its usage if taxation will be off with their hands despite of years or  decade of progress.

Bitcoin doesn't help anyone economy, but actually people are using Bitcoin advantage to change or improve their economy!

Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.

Bitcoin has made life simpler and easier for many young people in many societies and for those who believe that bitcoin can make a person's life better. Bitcoin has also saved some lives because when you invest and you have a financial problem, you can use your invested money to help yourself out. However, I have seen many people who trust and believe in bitcoin who are very comfortable in economics activities and other financial situations and  I'm also here to know more in the forum as a newb member to know more about bitcoin and other crypto activities

Bitcoin values your value.

If you were one of the early adopters, there was a lot of risk for you and no guarantees of anything. Bitcoin needed those first few people, so it makes sense to have a massive reward for those massive efforts.

Creating all those new tools, miners, etc, putting money into that new thing called bitcoin, etc, all of that is a massive value people were putting into Bitcoin, so today they might be rewarded a lot for it.

If on the other hand you just put one dollar today, when the network is worth hundreds of billions of that, then you're not adding too much value, so you're not going to get much back.

There are also of course other ways to add value to Bitcoin today, not all is about putting fiat in.

of course bitcoin help me about economically , but it's not like someone who can process and hold bitcoin to the highest price,
by getting to know bitcoin I feel my economic needs are helped even though it's only a small amount of capital but I am grateful for whatever the result is
but I have a story, I also lost money buying altcoins

Bitcoin is first a currency before it became an investment tool. Anyone that invests in Bitcoin because he wants to make an instant profit,  such person might become frustrated. Bitcoin price is not stable and can hardly be predicted, it might be high today and in a few hours very low. The person would be impatient and sell it. The main benefit of bitcoin is to promote privacy, reduce high transaction fees and give freedom from government manipulations.  But this doesn't dispute the fact that many people are making money from trading and investing in bitcoin.

Well, bitcoin is a means of payment, a currency, and also an investment. But I can tell you, 99% of these market participants see bitcoin as an investment rather than a payment method as it was initially designed for. There are many people who are taking advantage of the volatility of bitcoin to improve their own economy, and if this volatility goes away and bitcoin becomes stable, I believe many people will leave it and find another ideal investment channel. That's what's going on and we need to accept it.

All investments have some level of risk, but bitcoin is completely different in that you only lose money if you sell below the price at which you bought it, if you wait on and patient enough, you may not lose any money at all. I read an article yesterday that said that at the current price of bitcoin, over 70% of all purchases had already turned a profit. Even MicroStrategy lost money, and when I say lost money, I mean a big amount of money, but they didn't sell, instead, they continued to hold onto their investment because they believed that during the next bull cycle, bitcoin will surely reach a new all-time high.

As we see there's no general decision for bitcoin ban in all the countries or even in a majority of. Most developed countries prefer to find a way to interact with a new financial tool to get as many benefits as possible. Bitcoin's blockchain is transparent what makes it easy to trace money for any big enough organization like a government of a big country or union of several ones. So no problems with taxes, why should they be? The main difference is in decentralization and deflation both.

Bitcoin can help all people through the investment side provided by bitcoin. But if people don't figure out how to invest in bitcoin properly, they won't be able to profit from bitcoin and will end up losing money. Many people don't research before investing in bitcoin or anything else because they think it will be too late if they don't make a decision soon.

So far, bitcoin has helped many people if they choose to invest in bitcoin. From 2013 until now, many people have been able to get a lot of money and a lot of bitcoins. That's because they are always learning how to invest in bitcoins and don't panic when they see the price drop drastically and can instead use it to buy more bitcoins.

But the important thing is that bitcoin cannot help the world economy at the moment, and in the future, there is no guarantee that bitcoin will be accepted globally. What you are saying is just an assumption, nothing is certain.
According to me, bitcoin is just an investment tool like other investments, whether it is useful to us or not is up to us, not bitcoin. For those who invest in bitcoin but lose it cannot say that bitcoin is helping them, on the contrary, if you have a profit from your bitcoin investment, it is helping you.

The answer is really simple from what you pointed out and that is the fact. The reason rich people are able to hold to gain more profits is that they are already rich and might really not need that investment in Bitcoin for their daily life financing which the poorer people can't afford hence you will see them going back to sell off part or the whole investment some time in lost because needs have to be fulfilled plus I don't know where you can buy less than a $ worth of Bitcoin because there are also fees to pay in the transaction.

Nowadays everything is improving with technology if you know how to use bitcoin properly, will help the economy but for this you have to choose the investment method. A large number of people have access to basic banking services but struggle with low financial resilience because they are in debt and have little savings or income security. They are vulnerable to economic shocks due to the lack of quality assets, which would have helped them with proper income can't make big investments for this.

Helping financially in general, because some of those who profit from bitcoin is starting a business that creates jobs and improves the economy, and some students who profit from Bitcoin used it to their tuition  and to graduate and find work, which can also help the economy. There are many ways in which bitcoin can help people, but the majority of the time it is just for personal growth, and it has a simple cause and effect like it gives us extra money with which we can buy food or other necessities, and those who sell it  is we can can help help them to buy their needs also.

If bitcoin was just an investment tool it could never become so. Because idea that you can issue money with your own PC is incredible, no one would invest in such asset. Bitcoin is an alternative financial system. And being based on a deflationary concept it makes the world economy change, because that is based on an inflationary concept. The result is much more complicated than we can imagine right now, simple extrapolation would hardly work for predictions. And it'll be really interesting to see how the changes would happen.

Yes, the whole point is that you can use Bitcoin as money. You don't really need fiat to buy goods and services, as long as you have at least another person willing to accept Bitcoin in the transaction.

This is getting more and more popular, and at some point you will be able to do everything with Bitcoin only.

If people keep simply buying and selling fiat with Bitcoin, then it will never grow enough to become a proper financial revolution.

Bitcoin can help the economy financial depend how manage and regulation from some countries, I don't think with Bitcoin keep effective as investment assets always behind many advantage becoming digital payment currency at the future. Some people aware with inflation values from fiat and try to use Bitcoin as their help with financial freedom, but when Bitcoin unpredictable price more terrible inflation than fiat values.

New technology present every day and Bitcoin can change our life better not only as investment way but how Bitcoin will make easy for every transaction around the world than adopting fiat, several countries still not legal bitcoin as digital payment currency and not getting yet how bitcoin can help the economy financial.

It needs some timing especially when you are in the big business because it can affect your sales growth or make your business look terrible when you cannot get back your investment capital once the price suddenly drops. Bitcoins can also attract customers and with enough knowledge, you can take advantage when it becomes popular in your place.

There are cases when they accept bitcoins as a means of payment, their business bloom and they took the initiative to make it more convenient for their customers to use bitcoins. Also, it really needs to be known first before you try to put it on your business and expect to be asked by the common folks and be ready for your FAQ sheets to answer their questions.

I don't expect so big changes as revolution in finances in a nearest future so I'm glad even with that alternative which bitcoin gives us just with a fact of its existence. Of course to achieve huge goals people should use bitcoin directly really often, but as we know it is not yet possible even technically: bitcoin's stack is not infinite. So we'll need even to wait until scalability problem would be really solved (lot only with smth like LN, but inside of bitcoin core). I'm optimistic and hope to see all that by my own eyes in the future.

First you need to be clear, no one loses in bitcoin investments because bitcoin is always on the rise from 2009 although we have correction in between. Yes, people lose money in future trading or investing in altcoins which later goes to zero. Anyone who can hold for bitcoin for few years can never lose money.

Now, the other thing is that bitcoin can't be printed, and its supply is limited. Since it is deflationary, it gives chance for both poor and the rich to get the benefit. The rich people can't just print the bitcoin and make it harder for the poor people. It's an open market where you have to get the bitcoin at the agreed price of buyers and sellers at the time of transaction.

Bitcoin has been used as an investment by many people. Countries that allow the use of bitcoin as an investment tool provide an opportunity for their citizens to get the potential benefits of bitcoin. This triggers their citizens to start owning bitcoin and saving it.

Bitcoins can indeed change our lives, but if we don't learn how, we won't be able to earn them and will suffer losses. But as long as we understand the basic lessons about investing in bitcoin, we can make a profit from bitcoin.

spot traders also get loss who is panic seller who didn’t have enough patience for holding. but who can hold long time he/she is gainer. Bitcoin has been growing since 2009 but sometimes there have been big corrections followed by big dumps like currently Bitcoin price is 23k dollars but this Bitcoin was over 68k dollars.  The person who bought the 68k when it was there must be at a big loss. So it cannot be said that there is no loss in investing in Bitcoin.  Losses are made by panic sellers

Requires management that is good enough to manage everything and to get good changes for the economy. In terms of properly regulating the use of Bitcoin, we think that not only the economy of its users has changed, the government's economy will be helped to improve by Bitcoin if the management is very precise and according to this my opinion, but this is also related to the government, meaning not all of them have legalized it.
But so far we feel these changes are real (economy).

Not every poor people can endure seeing their wallet losing -80% in value, they will definitely freaked out, the best way to invest in Bitcoin is wait for a bear market and start picking up the pieces, I did this in June 2022 with just 400$ because that's all I can spare and this year I did the same, I am expecting more correction and I will double down till 2024, invest only what you can afford to lose, do not use money that's meant for your survival or health.

Investing when the market is bearish is the right choice. However everyone won't get the opportunity and majority panic to invest when the market is bearish having the mindset whether the price will increase or not. Unlike your financial ability it is always a must to learn which could get you enjoy more prospects even without capital investment.

indeed many people are helped financially by its presence, bitcoin. but of course not everyone benefits from bitcoin, for example people who lack experience, insight and knowledge and buy bitcoin at the wrong time, causing losses due to the panic experienced because the price of btc fell.
so I agree with what you said, that is, our have to be smart when our buy and our have to be smart when our sell.

Yeap, FOMO is the main foe of an investor! Expecting while the price will be the lowest to buy and to lose an opportunity of buying at a good not lowest price and then to be affraid to sell waiting the highest price. The main problem is to understand clearly when the market is strongly bullish: if to find that out then yes, it will be a time of earning on trading and main thing will be not to hodl too long and be content with profit you've got. ;D

Basically if you don't sell when the price drops from a higher buying position, it probably can't be said that you are losing money because your bitcoins are still in your wallet. and as we know that bitcoin will experience the same cycle, so maybe you need to be patient when the price drops to protect your bitcoin from losses. What we can learn is that we can avoid those losses.

Speaking of who will guarantee about it, it sounds like who will guarantee you success?. the answer is of course yourself, it's the same with bitcoin if you don't believe in bitcoin I also can't force you that maybe the future belongs to bitcoin.

I won't say they didn't get the opportunity as this is an open market that gives the same opportunity to everyone not considering your financial strength but just that some people take their chances while others don't. If you aren't prepare when this opportunity present itself isn't an excuse either. You should always have spare funds at all times.
When investing into the market, don't use all the money in your hands to buy Bitcoin or any other cryptocurency at the same time. You should always have reserved that can be utilized if the market was to dip further after you must have bought into the market.
This is the reason why we're advised to always dollar cost average so we could have funds to buy more quantity of coins. Bitcoin can't help your financial situation if you aren't ready when the opportunity to buy comes around.

I believe you understand what it means by someone being poor. I can say that a poor fellow could be someone who doesn't know where their next meal will come from. Now tell me how can bitcoin make such a person to become rich?
How much do you think that a poor man will invest in Bitcoin in order to become rich?

How are you very sure that the little money the poor man will invest will not drain if bitcoin decides to go negative direction?

It is high time we stopped giving people high hope in Bitcoin to become rich.
I do not subscribe to the idea that bitcoin will make a poor man presently to become rich. Unless you have some huge amount of money to inves. Bitcoin can make you live comfortably no doubt , but not moving a poor man to become a rich man. It only happened to few early adopters.

Bitcoin is for everyone. In the past I've seen people using credit cards, and those are days when it can be used only by the rich. Now it have turned to be common. With bitcoin there is no discrimination, every level of people were able to use it according to the ability. Once bitcoin was affordable for everyone and slowly things have changed as the price have reached the peak. Even now people able to buy as it has the lowered denomination makes it an easy choice for every level of people. It is true that bitcoin is people's money.

I can see from the subject of what you are saying so far that Bitcoin cannot help me call my queue of all cycles it help the economy of people who values in the society but on this particular place I don't think that you can help system so not everybody can agree in this particular point

yes, and in my place there are also many people who can be called poor, but now many are investing in bitcoin and investing in bitcoin, the important thing is to have a cell phone and have a little money, but you can already invest in bitcoin, for example, with 11 dollars our can also invest in bitcoins. so bitcoin is proven to help many people.

Bitcoin has been a helping hand to the economy, mostly to the people that learned how to invest in it, Bitcoin has an income tool that has eradicated poverty majorly in the society, Bitcoin is something any one that wishes to invest can invest at ease, there's no age or ethnic discrimination as long as you have the capability.
 In the case of investing In Bitcoin and following the directives of members that have more knowledge than you, then you will have 80% chances of making profits than loses,

oh, yes, it was indeed my mistake not to discuss my investment, but of course I dare to say that because honestly I feel the benefits of investing in btc, that is, I get profits, but I think not posting what I get from btc is also not a problem because sometimes I also want to be anonymous but of course you can check my post back when I bought btc when the price was low and until now I still hold it. and if I sell btc now of course I will make a profit.

Yes and yes, I must conclude. I started my BTC journey at a time when some of my friends where learning how to trade. I just tagged along and was interested in every discussion that concerns it.
I wouldn't say I am among those who has fancied remote work more, but it was as the covid 19 era proved that it is possible to actually work from home, that the BTC revelation began.
I am still trying to upgrade my knowledge on trading, but with the little knowledge I have, I have been able to setup myself without any reliance on anyone for money or food.
I can easily make transaction with oversea clients and am confident my goods gets to my door step because the decentralized network has more than created a trust system, that I can do business with whom I don't know.

I believe a lot of people truly appreciate the presence of crypto market in general not only bitcoin during the pandemic period.
As people were stuck in their homes, they were looking for options on how to earn something to survive.
Hence, some people discovered the world of crypto, and started their journey during this challenging period.
But in my case, my journey was way way back and this market actually helped me in so many ways, not only earning some additional income, but I learned a lot about this technology, from compiling wallets, mining, staking to trading, and a lot more. I have a lot to thank this market.

Yeah, lots of people who are into crypto are able to went through on the pandemic without much troubles because of the opportunity it brings without any personal interaction.  I am one of those people who personaly experience the wonders of cryptocurrency when the government restrict people from personal contacts.

While my neighbors are struggling with their daily needs since many of them are trapped in their home restricted and cannot be able to earn because of the current situation, my participation with cryptocurrency enable me to sustain our family need until the restrictions are lifted.

Bitcoin was help me a lot, not only make me rich but also ease me in online transaction. I never lose in bitcoin investment, actually no one will lose in bitcoin investment as long as only sell in higher price. I always plan a strategy before investing, I make sure that I will not disturb my bitcoin investment so I always have saving in form of fiat. I divide my fund into 3 parts, first part is for investment, second part is for saving, third part is for business.

Bitcoin unifies global society by bypassing the economic divisions created by different currencies. Bitcoin takes away sovereign power to issue currency, invalidates economic policy, and weakens the bond between citizens and governments. Billions of adults remain unbanked, most of them living in developing countries. As the price rises, people will increasingly turn to Bitcoin to conserve their purchasing power. This demand will drive up the price of Bitcoin. In a world of increasing inflation, investing in Bitcoin is becoming more attractive. Bitcoin can help bridge this gap.

I am happy if you get a profit from your investment, yes, by dividing it as you mentioned it is a good thing, indeed most people who lose on investment are one of them because they do not share the money as you mentioned. so if you divide the money as you mentioned, the investment will run smoothly and our mentality will also be strong because we use a good investment strategy.

When the pandemic hit, working online has really helped and saved a lot of people from economic hardship during the pandemic. But I wonder, how did people monetize bitcoin and crypto to get through that phase? Are you talking about trading? Because holding takes a long time to be profitable. Moreover, making profits with day trading is not easy, so I wonder how bitcoin has saved people. Apart from those who believed and bought bitcoin during the 2018 bear season, newbies to the market have been unable to profit from bitcoin during the pandemic. If investing in bitcoin is so easy to make a profit, why is everyone struggling with a recession?

Due pandemic, many people helped trough online working actually with trading in bitcoin or altcoin, its not beneficial yet when talking about people bought bitcoin during 2018 and earn much profit right now after pump drastically. Need to change every one mindset although bitcoin have been up still profitable for investing right now.

I don't think with easily earn profit when investing in bitcoin, wrong moment make us loss investment when bitcoin price dropping and loss chance to earn much profit. Its right bitcoin is worth investment but need to know right time have to buy and sell bitcoin not take points about buy only but have research when moment for investing.

For sure the most common case, in my opinion, is when it comes to finances, I guess there are a lot of members here that don't really have a lot of knowledge when they are first starting in cryptocurrency, I mean when I was just starting on crypto currency I don't really know a lot about my financial management, but when I starting to learn bitcoin I also learn a lot, especially on investing and saving money. what I get is the mindset of investing and saving how to become a millionaire or how to profit, in my opinion having a millionaire mindset is the best thing that you could have, For example, if you're going to give someone a million dollars, give it to someone that just want to spend that money or someone who doesn't have the right mindset, after a month all of the money will be gone. But if you give it to someone who has the right mindset most probably the million is going to profit in the end.

In my country a lot of people get that mindset especially when NFTs become popular, cryptocurrency become really popular and that just mean that there are more people starting a businesses that could easily help people financially and help the economy as well.

Bitcoin is not kind of business that is developed targeting specific class of people. It is developed keeping in mind that everyone needs to benefit through it. This is the success of bitcoin. Another important thing is the backing technology that made bitcoin the innovation of the era. The denomination available for everyone to invest and buy based on ones ability is another thing that makes bitcoin the best. Next is the multipurpose usage. In this way we can add more and more characteristics of bitcoin with which it stands high and useful to all levels of people.

This is true with Bitcoin, you won't lose if you don't sell below the buying price. Emergencies are one of the reasons why you have to sell even though you are not gaining yet. So the saying that "invest what you can afford to lose" is applicable in any type of investment. The lesson I learned in this is not only about losing, but also invest only an extra money. This way would help you to withstand if the price is very low because you don't need the money. I see no risk in Bitcoin if you don't sell it at very low price but it takes different time to be profitable.

Bitcoin is a digital currency that has gained huge popularity nowadays and people trust it a lot. Especially with Bitcoin people nowadays invest in Bitcoin to make their life more successful. It is known that people are buying various things like their cars, houses and land with Bitcoin very easily. And is it possible to buy a house in Portugal with Bitcoin then we can say that Bitcoin can definitely change the economic position of the country. Since everyone has been successful in purchasing their various goods through Bitcoin, more things can be done with Bitcoin in the future. And if the economic situation in another country is bad then it will be possible to change that economic situation with Bitcoin.

Is that correct? If you have considered bitcoin as an investment, that means there will be a win or a loss, no investment is without risk. If everyone invests in bitcoin and everyone wins, who will print money to give it to everyone for free? Financial markets are where winners take money from losers, money from the weak to the strong.

It is an illusion that until now there are people who believe that bitcoin will be able to help improve a country's economy, or will alleviate poverty... when it is just a volatile investment.

In my view, with bitcoin, we will get easy payments, with easy payments, we can imagine if a factory with a large financial circulation will easily make payments, and that will certainly have an impact on profits in various sectors, because for a product until it reaches the hands of consumers, of course it involves several parties. on the other hand bitcoin has a better level of security, as long as we know how to maintain that security

In a world of inflation, the economy is deteriorating due to rising prices of all things so investors are turning to bitcoin as an alternative store of value to protect their assets from the harmful effects of inflation. This demand will drive up the price of bitcoin if people believe that inflation will erode the value of traditional investments like stocks and bonds, they may put more of their money into bitcoin. This demand will also increase the price of bitcoin is a digital asset free from the effects of inflation and the country's economy will improve.

This shows that most people just use bitcoin as a speculative instrument for financial reasons and contrast it with fiat values. That makes Bitcoin just look the same as stocks and commodities, especially now that market participants have to be "controllers."

Bitcoin is not a get rich quick vehicle, we cannot invest in bitcoin and hope it will make us rich within a week or a month. Indeed, making a profit from bitcoin is not easy and takes a process, so I wonder how bitcoin has helped people survive and make money during the pandemic. As for trading, I think it's much harder than investing and not too many people make money from day trading. And if it's so easy to monetize bitcoin, why are people whining that they have trouble with inflation? Why don't they do it with bitcoin again to save themselves from this crisis?

I don't think it's a problem that Bitcoin is considered a kind of stock or commodity because several countries place Bitcoin in that realm. In my country too, it is only one of the various types of investment assets. And in several other countries, it will always be adjusted depending on the Asset Trading Regulatory Agency.


I see it the other way around, where if we compare Bitcoin with other investment assets that have low volatility, Bitcoin is an investment vehicle that can be said to be quite fast, only 4 years when referring to the ATH cycle. Meanwhile, if you look at the movement of assets such as gold, silver, stocks, etc., it takes 10 to 15 years, and even then the cycle cannot be predicted at all. Bitcoin has actually provided a leak with a clue once every 4 years, so it's still worth mentioning Bitcoin as quick profit advice in investing.

It's not that easy to earn in Bitcoin especially from it's volatility nature but in a long run investment it would be really good to invest as you hodl more Bitcoin where you can profit huge because in many years it would be much more it's worth than it current value. Not only in investing in crypto or Bitcoin that would take your time, but investign with yourself with knowledge first that's why when pandemic hits due to some people are mandatory to stay at home, almost everyone are using gadgets onine to pass time and gather information for news.

Knowing Bitcoin is actually good if you are really want to learn Bitcoin before investing, because if you are a smart person you wouldn't think that an easy money doesn't have any risk right? So far I've seen a lot of people who really earned from Bitcoin but it took a lot years since it's not that easy, some have already build their houses renovated it. Bought their dream car and motorcycle. So in short, Bitcoin already helped a lot of people here in my country but for sure not all of them are lucky enough to experience that. Just lost a few assets they wouldn't risk again.

You don't have to wait for the government to recognize bitcoin as a commodity or property, we did it ourselves with bitcoin. I mean, very few people consider bitcoin to be a currency like the concept that Satoshi created bitcoin.  since I wasn't involved in the early days I don't know who turned bitcoin into an investment, but since then, anyone introduced to bitcoin knows that bitcoin is a highly profitable investment.  so it can be said that it is we who have turned bitcoin into an asset, a commodity, not a government.

It is true that investing in Bitcoin does not expect us to get rich in weeks or months. It is a long journey that we have to take with patience. I think Bitcoin investment is the easiest but earning profit is not so easy. So those who want to get rich quick should focus on trading instead of investing in Bitcoin, but you are right that trading is more difficult than investing. Investing in Bitcoin can be done easily by a newbie but trading requires a lot of experience and knowledge. People make a lot of money in day trading but there are also many people who often lose money in day trading, because it requires a lot of skill. That's why I personally trust Bitcoin investing more than day trading.

I think nobody actually turned it to a profitable means of investment but every good thing has various ways in which one can use it and for Bitcoin, it's because of the nature of the currency not to depreciate and get affected by inflation that  made it as a popular headline for a good investment means and moreover Bitcoin has proven that it's very reliable when it comes to using as an investment mean.

one thing that i believe is that bitcoin helped a lot of people survived during the pandemic, was that a lot of them got paid for online services via btc payment method. just look at the forum alone. there are so many bounties, sig campaigns, other services (art works, website builders, etc) that are benefitting from this market. some are staking, trading, mining and offering their services related to blockchain tech. i can say, this forum helped and still helping a lot of forum users to survive in their day to day living, in so many different ways.

Of course bud, when many other things like businesses I've tried running failed, when I discovered bitcoin and got involved, my life changed, and today, I can not say for sure that I am rich, or that I am already where I want to be financially, but what I can really do say is that, i am comfortable, though not without financial challenges from time to time, what I do normally imagine most of the time, what if there was nothing like Bitcoin and cryptocurrencies, what will i possibly be doing right now, how would my life be looking like right now, what kind of business will I be doing and how was i going to raise the money to even start it? this and many other similar questions sometimes runs through my mind, Bitcoin has helped someone like me in every area of my financial life.

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Bitcoin has touched all of our lives in some way. People who could not get the profit they wanted from the business or those who did not want to take risks to open a business were able to overcome many difficult paths thanks to Bitcoin.

Bitcoin showed us that there is another option. He gave me that confidence long ago. That's why I enjoy being in the forum where Bitcoin is talked about every day.

But there are also a lot of people who lose money investing in bitcoin even though it's their fault. So when investing in bitcoin, we need to realize that it is a financial market. This means there will be winners and losers, and not everyone involved will win. The market depends on buying and selling, so when you sell high there will be high buyers, when you win there will be losers.

You should look at the people who have made a profit from bitcoin to learn, not think that bitcoin can enrich everyone, or it will help reduce unemployment, reduce poverty as many people think.

Satoshi created bitcoin in the hope that it would become a decentralized and peer-to-peer currency, he not mentioning the hope it would become a volatile investment in the bitcoin's white paper.  if no one turns it into an investment, why is it used as an investment where very few people know its original purpose?  Nowadays, anyone who comes to bitcoin knows only that investing in bitcoin will have a chance to make a profit.  nobody cares it could be a currency, decentralized...very few people care about that.

Bitcoin is money.

People in El Salvador and Central African Republic can use it to pay literally anything in those countries.

People care about their money, and as I said, Bitcoin is money, so they do care about it.

CAR withdrew approval (https://www.centralbanking.com/central-banks/currency/digital-currencies/7956294/car-to-drop-crypto-as-legal-tender) of bitcoin as a legal tender this spring. But even before that a lack of even electricity access made it nearly impossible to majority of citizens of this country to use this opportunity. CAR is too underdeveloped. They first need to develop power supply systems and communication systems like mobile and internet.

When we are spending or buying goods and services, we are already participating the growth of the economy so we don't need to worry too much about whether we are contributing to the economy because it's all automatic and that's how it was designed, that we won't notice it until something significant happens, so when we are talking about bitcoin helping the economy, it's kind of redundant when they put it like that. Of course there's always people that's going to lose some, not everyone can win in investments although I think it's an individual problem, investments are supposed to make you profit in the long-term and if you were to easily falter when something negative that everyone knows will be temporary happens then you're bound for losses. Be mindful that I'm only talking about individual and small investors, I think it's a different discussion when it comes to that.

I won't object to what you say if you compare bitcoin to traditional investments like gold or real estate. It is true that bitcoin offers faster and bigger returns than those assets, but it won't be as fast in just a few months or a year. That's why I wonder, people say bitcoin has helped them a lot during the pandemic, but how?


If they are talking about signature or bounty campaign earnings, it is the forum that is helping them. Because bitcoin is just acting as a currency, a means of payment to pay them. I agree with you on this point, many people have overcome the pandemic thanks to the work that the forum brings.

People who're disabled might receive government assistance and that check is usually isn't too significant, and it's on a fixed rate -- sometimes only modestly increased to match inflation. Fixed income earners owe it to themselves to invest in a deflationary asset given that their purchasing power is getting reduced every time the government decides to spend money it doesn't have. And this applies to people who are chipping into pension programs or government backed social security programs too. The residual income you get off those fixed payments are irrespective of inflation so don't expect that those funds are going to be enough.

Signature campaign do help someone's financial, but not all people can join signature campaign because it's limited and required high knowledge.

Bounty campaign is just a bonus because most of them are scam, even they're not scam and they distribute their reward, majority of the token are worthless.

But signature campaign and bounty campaign are come from this forum, so actually this forum are helping the financial of those people, not Bitcoin.

Yeah, I'm not saying that would be a problem either; nobody is going to force people to use Bitcoin in a certain way, and that is their choice.

Unfortunately, there are countries that enforce regulations on how Bitcoin is used there.

Agreed; this is what I meant.

I agree with what you have said that Bitcoin cannot fully help the economy, fix poverty and other economic problems as many people say. In fact, to be able to get the maximum profit in investing in Bitcoin is not that easy and not everyone can.
It is true that investing in Bitcoin can help someone's economy but it will not be so significant, it all depends on how much they invest and how well they sell it at a high enough price.
And it's true, in fact that many people also lose investing in Bitcoin because of their own mistakes, they can't understand the market and don't have good investment risk management.

This is not the case, eventually, when bitcoin reaches a very significant value and ceases to be so volatile, and then it will be used much more widely as a means of payment. But until then, Bitcoin really looks like a promising investment, and if it works, then why can't it be used? There are many opportunities in the world, and whether you can take advantage of them or not is up to you.

To be honest, I have experienced great benefits from Bitcoin in my life, even though I am not rich in Bitcoin category, but I can get the opportunity to change my life with Bitcoin where I can make daily or weekly profits in trading Bitcoin on every exchange, be it spot or futures.

Thus I agree that Bitcoin is able to change someone's life in terms of their finances because they can invest in Bitcoin to get profit roi every day. Besides that Bitcoin has made it easier for us to send money to all countries using only Bitcoin without having to pay taxes to third parties in making transactions.

Bitcoin is only a tool to be used to improve oneself.  No one can help a person's situation but himself by utilizing the tool around him to improve his way of living.  We have seen people who are into Bitcoin lost a huge amount of money and end up broke because someone had cheated on them and scam them of their investment.

At the end of the day, Bitcoin being a tool may help or worsen a person's financial state.  After all, the decision made is not done by Bitcoin but the person who owns the body and the money.

Crypto or bitcoin is a financial market, it is not an industry that creates stable jobs that help everyone have jobs and income. Therefore, it cannot have a great impact on the economy of a country as well as the world economy. Just like trading gold in the foreign exchange market, it is only profitable for individuals, I don't see how it is beneficial in contributing to the construction of the national economy.

In order to develop the country's economy, it is necessary to integrate into international trade, promote import and export, and create stable jobs for the people...rather than depend on risky speculative games.

Financial services are a huge area of the industry.

Providing services based on Bitcoin is starting to become a massive source of jobs.

For example, Open Node (https://www.opennode.com) provides Bitcoin payment systems

however, bitcoin can contribute to the development of the country's economy if the government supports it. for now, if only the government supports bitcoin, and socializes it, more people will understand and understand bitcoin, that way if bitcoin experiences a pump, the people will prosper and of course be able to help the economy of a country, because of course when it pumps, many people will get rich and that means they have a lot of money to meet their needs

What if bitcoin gets dumped and everyone loses? You don't have to give an example, just use yourself as an example. Have you really gotten rich with bitcoin? And how many people have you met who became rich on bitcoin or just saw it in the press? There have been many people who got rich from bitcoin, but also many people lost everything because of it, so even if the government accepts people to invest in bitcoin, there is no guarantee that all will get profit from bitcoin.

Bitcoin is a financial market, it is not a business that will create jobs and income for everyone.

What if bitcoin gets dumped and everyone loses? You don't have to give an example, just use yourself as an example. Have you really gotten rich with bitcoin? And how many people have you met who became rich on bitcoin or just saw it in the press? There have been many people who got rich from bitcoin, but also many people lost everything because of it, so even if the government accepts people to invest in bitcoin, there is no guarantee that all will get profit from bitcoin.

Bitcoin is a financial market, it is not a business that will create jobs and income for everyone.
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Now I have money? The road hasnt always been fun. What do you mean by others' wealth or bankruptcy? I've seen both sides, excuse the pun.

Considering it, its only an investment. Some succeed, others fail. Numbers, graphs, and other aspects make it like gambling. If I had a Bitcoin for every time someone told me they were rich, I'd probably have a couple, right?

Yes, I agree. Its not a corporation and doesnt support the economy. Not everyone succeeds because it's a financial and investment decision. Just the way it is. Not everyone is a good fit, but if you are, who knows?