Bitcoin Forum

Cryptocurrency had their huge root in the many countries economy,now nearly 30-40 percentage of many country people using cryptocurrency for the trading,mining,digital marketing and investment.So at the end they are earning some decent income from the cryptocurrency.The impact of cryptocurrency in the developing countries was huge,because the unemployment and poverty was the biggest hurdle for the developing countries.

Unemployment:

The increase in population of the developing countries and under developing countries will leads to the unemployment due to human resource surplus.The freelancer of this country uses the cryptocurrency as the one of the income generating resource.

Poverty:

Poverty is based on the calorie consumed by the individual based on the food consumption.For the food the individual need of steady income to satisfy with the basic need.Now many graduate unemployed people using cryptocurrency in various form to make some money for the food.

Health,Education and Clothing also the important factor of the poverty determination.All this need of money which was created by the individual by using the cryptocurrency as a mode to earn some money.Let discuss about this factors.

yes. cryptocurrency have impacted positively in the world today and it is happening and we still believe it will continue happening because the way youth are accepting the cryptocurrency as their way of earning money is really encouraging, especially in my country where there is no job for them to meet their daily needs. What most of them do is crypto trading; they trade bitcoin and other valuable coins to get what they want.


yes. In countries where there is a large population, they can also use this industry to feed themselves by doing many things, such as signature campaigns, bounty, and even trading crypto currency, just to meet their needs. By getting used to the crypto currency, I don't think most of them will even want to go back and find a government job again, because it is happening in my country. Some youths and other graduates from many institutions have already embraced crypto as a way of getting money, and they don't want to go back and look for government work again.

Most freelancers still get paid in Paypal, Venmo etc instead of cryptocurrency because they're using third party sites e.g. freelancer sites. Even though they charge ridiculous fees, but it's safer because the sites will protect both sellers and buyers.

Source? right now the world population is 8 Billion, I don't think it's even reach 1 Billion even though Bitcoin exist since 15 years ago.

I doubt your statement, can you attach the source from where you are getting 30 - 40 percentage using crypto?

What jobs are paid in crypto? most still use e-money such as paypal, webmoney, etc. I haven't found a major freelancer platform that pays using bitcoin or crypto

Due to inflation and depreciation in the value of many currencies in developing nations, many people are embracing Bitcoin as a hedge against inflation. However, referencing the source of the data that 30-40% of people in the world use Bitcoin will help determine how valid the information is.


Cryptocurrency can help contribute to the reduction of unemployment because few jobs can be created by service providers, and some person might become traders or investors. However, these jobs created by crypto are insignificant compared to the high rate of unemployment in these developing nations.


Don't be deceived into believing that cryptocurrencies can terminate poverty in developing nations. Without sound economic policies and implementation of these policies, a nation will remain poor. Bitcoin is not a get-rich-quick, so people shouldn't expect to make instant money because they are involved in cryptocurrency. People also need money to invest in Bitcoin which entails that they need jobs to raise funds.

The economic effects of cryptocurrencies can take several forms. This could have consequences for ethics and the constitution, especially for government agencies, financial organisations, and professionals. In rare circumstances, it might have an impact on monetary policy, mainstream management, lawful alternative investment options, payment systems, and individual or corporate transactions. But in other situations, reaction capacity or scope might have a different impact. Through constant transaction security and scalability, monetary policy, sustainability, the use of blockchain technology, and institutional financial management, cryptocurrencies have the potential to transform the economic landscape. Through monetary policy, sustainability, the use of blockchain technology, institutional financial management, consistent transaction security, and scalability, cryptocurrencies have the potential to drastically alter the economic landscape.

Exactly people believe bitcoin can actually eliminate or be a solution to the poverty problem or rate in a country but that’s not it. Bitcoin is first a currency before any other thing, there is no denying that there isn’t opportunity in it but it is limited and most of these opportunities either requires you to go and learn it (that is developers) or you must have money to go into them example is traders or investors. You need not just any money but extra money to invest into bitcoin or trade other cryptocurrencies because you can simply use all your income into it.

The other free opportunities it creates are just freelancing works maybe airdrops or even signature like on this forum which is still limited.

Well, I will say that cryptocurrency has made a lot of good impact in the lives of many people, which has made them relevant in contributing to the economic growth in their country. Some people have been able to gain a significant profit from their investment in crypto, and they used the money to invest in different businesses that grew massively, and they were able to employ some people in society who were unemployed. These people were able to create job opportunities for others through their own company or business, which they have established with profit from crypto.

For everything to look as you say, the following facts must occur:
- in these countries it is easy to sell cryptocurrency and get local currency for it to pay for basic products to ensure life. I have doubts that you can buy food, hygiene products, clothes in any store, pay for utilities, Internet and mobile communications for cryptocurrency.
- most officially operating companies pay outsourcers or other employees in fiat CURRENCY. For the simple reason that they receive income in fiat currency.

We can discuss this topic if you clarify a little about which countries and which market we are talking about, because globally the situation is not as positive as you described

Not like the whole world has excess work that they want to share, but it does bridge the gap between the nations, making each other work as one. This makes the economy as a whole thing and not one by one.

I keep saying that bitcoin is like the whole world having just one currency, sure that doesn't sound fun to some people, but I like it. Imagine we create a new currency called "the world", and we spend that, sure people in rich nations like USA and UK makes thousands every month, while in poor nations you make just a few hundred, so the gap is still there, nobody says that you shouldn't have a gap, but at least it is just one currency. That is exactly what bitcoin is and has been helping the world connect to each other financially.

Those who say that cryptocurrency is only for the rich is wrong

You do not need to have a lot of money to be able to invest or earn something there are multiple ways on how to earn some money using crypto currency even without having to actually invest your own money depending on your expertise you could do mining if you are well-versed with computers and mathematics you could also play games that offer crypto as rewards if you are interested and have experience on playing games


I have read lots of stories especially here how cryptocurrency was able to change their lives for the better it is truly inspiring and motivating and it is proof that cryptocurrency is here to change the world

I can't agree more with you because crypto has really helped and helped me a lot, as a student, I started to earn (first earning) from crypto by joining bounties here on BTT afterward, I started to take part in trading and then left and then started to engage in discussions here on BTT and got ranked, then got selected in signature campaigns, and now making more money then I have ever thought. Now I have started to make investments and give it a try to trading again. Crypto has never let me disappoint, I am always doing something in crypto, at the moment not joining bounties but joining airdrops and I can say this is an airdrop season.

People from developing countries are using crypto while they don't have their own bank accounts even I mean I did not know how to do ATM while I was earning in crypto, I had to take the help of someone to do ATM ( I know how easy is to use ATM it's just I did not give any importance to learn it).

Besides financial support, crypto has given me the economic and financial knowledge that I might not get from any curriculum syllabus. I am seeing more adoption and once it starts to prevail more I hope it will be accepted in my country and universities or other institutions will start to teach programming to make blockchain, and other defi apps, etc. This will open more gateways for people to make more money.

Cryptocurrency has a significant impact on the economy. It offers the potential for financial inclusion by providing access to banking services for the unbanked. It can enable faster & cheaper cross border transactions which reduces the need for intermediaries. Volatility can pose risks for investors & businesses. Cryptocurrency also raises concerns about money laundering & illegal activities. The decentralised nature challenges traditional financial systems. Cryptocurrency has the potential to revolutionise the economy but its impact is still evolving & requires careful regulation & monitoring.

Crypto is now widely spreading and adopting in different countries for me it's a good impact because we now experience a secured transaction with the help of blockchain, next is now people can now pay with their transactions with the help of crypto its more efficient than making a like of your banks, also jobs offering people see the crypto space have a different chance or offer a job that could help to them as source of income, sometimes those jobs are higher salary than the working job on their country so I guess i didnt expect why there's a declining of employees. Even though this could answer for poverty still it depends on the opportunity of the person, not all people who are in the crypto space have this opportunity to make their life of living increase or even sustainable.

I could agree on some extend that Crypto has help to reduce unemployment especially in freelancing and remote working, crypto has opened up a whole new industry and it also opened up so many opportunity for people who are prefer freelancing and remote working. But the phrase 'uses the cryptocurrency as one of the income generating resource' is not completely true, crypto is just the industry what they use to generate income is their own skills and ability. It's not that they instantly have an income when they buy cryptocurrency.


But for this one, I tend to disagree, Crypto will not fix poverty, the reason is simply because crypto is not accessible and affordable for the poor people, you will need a good knowledge and education, a good internet connection and technology to gain advantages and benefit from Crypto. There is no way you have the change to be successful in crypto if you are poor in the first place. You will need to be at last a middle-class economy.

if we discuss the impact of cryptocurrency on the economy, it may not be very significant compared to other sectors, but it has quite a good impact. with cryptocurrency we can see that there are many individuals who can become millionaires at a young age and they build their business in their own country from the money they get from cryptocurrency and from there they can employ more people.

or how a country that allows crypto trading gets tax from traders who trade on the exchanges they regulate. taxes from crypto trading can be used by the state for many purposes such as building roads, health, etc., which can have a national economic impact.

so cryptocurrency really has an economic impact both nationally and globally.

The cryptocurrency influence is much smaller than believed by most. Including me.
The people involved are loud but not at all that powerful, some single players being the exception.

As of 2023, it was projected that an average of 430 million people hold crypto which is equivalent to 4.2% that are holding crypto (https://triple-a.io/crypto-ownership-data/#:~:text=As%20of%202023%2C%20we%20estimated,420%20million%20crypto%20users%20worldwide.). This implies that 95.8% of the world are yet to be using crypto, I don't know where you get your stats from but crypto has long place to for people to recognize and utilities it.


This is for people that are into techy aspect of crypto but by employment, many of them are into projects which mostly don't turn out well. Check the numbers of crypto developers and what they have built so far, they are mostly half bake project that were short term, some were scams but we I admit that we have some of them that are doing well. Crypto confidence will increased this with time but we keep getting distracted with these bad projects.


I'm not too sure about this, crypto isn't about poverty elevation but more like investment. You can't print money for nothing unless you invest and some people that do invest make back their investment while some don't, there is nothing about poverty and the money you make isn't consistency like a place where you make daily bread, most of the opportunity in crypto are one time opportunity, once it's pump and dump, the possibility of pumping again is always rare.

Your numbers seem like they are made up from thin air, do you have any actual proof or evidence for this claim that 30-40% of people have had contact with cryptocurrency? Neither have you given any evidence that crypto has helped with poverty or unemployment either, how many jobs has it created? what areas has it improved peoples lives as compared to before? Crypto has not created anything, it's just a currency for trade - it isn't a company producing a valuable good or service. It has given people some benefits, like being able to avoid bank fees which in some cases are extortionate and it also allows people to move money without government control that is prevalent in places like China and North Korea.

In most of the developing countries, unemployment is high and that's why someone has to hustle and find more opportunities that they can find offshore through freelancing without even the need to leave the country. But not everyone can do that, and that's why there are workers going abroad and finding the opportunities that fits them there.

And for poverty, that's the result of having high unemployment and lack of opportunities. It sets the idea that it's fine to become poor if many of them are but, if someone has an open mind and sees the terrible situation that they have. Can't even eat at least 3x a day, that's what will make them want to get out of it.

As for crypto, it helped a lot of people, families, unemployed worldwide. I can still see a lot of it especially those that have been fine doing airdrops, it's the reality that they can be one time big time with those.

Crypto currency impact is huge but not in numbers.
Before crypto there were banks as the only place halfway reliable to store value.
Before crypto the smallest value storage was diamonds.

So now you can have a wallet but the people who need the skill to handle wallets have no entry level.
Illiteracy levels are high.

I think it has already been proven how impactful bitcoin is in society or around the world. Because of this, many people find a way to earn money based on their knowledge and skills. Also,  bitcoin is the proof that we are living in a cashless society, where we can do transactions that are secured and cannot be traced or interfered with by others. By using this technology, block chain technology, you can rest assured that no matter how much money you transact, it will be safe and delivered to the designated wallet address. and many more. We can't count how many things bitcoin produced or derived to help us. Bitcoin is the epitome of a decentralised currency that has more opportunity and growth.

I'm one of the people who believes that bitcoin helps a lot in terms of finances. Because of this, I learned to be financially independent for my parents, and in fact, I'm the one who sometimes supports them.

You are talking of indirect impact of cryptocurrency to the economy. Indirectly, the rise of cryptocurrency has indeed contributed in providing employment as well as in addressing poverty. But employment and poverty aren't the center of the technology. Cryptocurrency is not designed to address the lack of jobs for people around the world. Neither is it created to address poverty.

While many have made money out of Bitcoin, Satoshi didn't create it with those who cannot eat 3 times a day in mind.

I hope it definitely possible and impact for every economic society. is a positive money eventually it is invisible so what !
It is affecting all over the world. this is significant that many of the country of the world are processing to legal allotment Bitcoin.

Any country can be helpful in reducing inflation.
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If it possible that time it will be releasing pressure in the dollar.

The biggest obstacle for developing countries is unemployment in their countries. If maximum students are unemployed after getting enough education then that education is worthless. The higher the unemployment rate, the worse the economic condition of the country. If there is at least one worker from each family or if the government provides employment to one person from each family, the economic condition of the country will improve a lot. There is nothing sadder than being unemployed after obtaining the highest degree in the country.

There are many unemployed graduates who are involved in crypto currency and they may be earning good amount of money from this site but all unemployed people don't know about this site and even if they know but don't understand how to earn money from here. While many unemployed people from developing countries are making money from dealing with cryptocurrencies, there are many countries that have outright banned cryptocurrencies. If the government fails to create employment then they should not be hindered in these matters at all.

Technological developments have had a positive impact in the financial sector because they are the result of developments in financial technology and make it possible to replace paper money with digital money in financial transactions in the future. Cryptocurrency also offers an investment side that can be reached by all people, its presence provides convenience and benefits and has helped the economy through the digital economic sector. I predict Cryptocurrency users will increase in the future because it can build economic growth for investors.

For me, the presence of cryptocurrency has a huge impact on the economic growth of a country and even has an impact on the lives of many people who benefit from crypto investments. Many young people are unemployed, but with the development of technology, they can now learn about crypto investment easily, which ultimately has an impact on their economy. This also happened to me, who benefited from crypto. Since getting to know crypto, my economy has improved, even though I haven't been able to help my family, at least for myself it's more than enough.

Indeed, Crypto for daily income is difficult. Except for those who are technically skilled. However, ordinary people are advised to buy in installments at each installment. So it's a good holder. Because crypto is a wild market, no one knows and vice versa. But you also have to be careful because crypto is full of risks, especially cryptocurrencies that do not have strong fundamentals. Basically. So traders can fail and can be successful. The point is, if you want to become a trader, you have to set your mindset, expectations and always learn to analyze. Then you will feel the real impact of crypto in your life.

I believe the unemployment challenge among the youths will gradually not be a big problem for those who are able to switch into cryptocurrency and other online activities to generate money. There is the online revolution these days that is helping the community of online and crypto enthusiast.The government has failed in the provision of jobs and job search is now shifting to crypto. Cryptocurrency is giving the opportunity for younger people to be involved through trading, arbitrage etc.

That's a huge number of people if it's true, and for that, I'd like to ask for some data or credible sources :)

I know for a fact that bitcoin and crypto is becoming mainstream and known around the world, but I also know that there are only a handful of people willing to touch even with a ten-feet pole due to its high volatility. ETFs are one way to touch cryptos and make money with it, but even that is not aligning with the reasons you outlined as to why cryptocurrency is becoming a hit in these countries because you have to have some dough in order to get some bread.

I do not understand your explanation of how Bitcoin impacts unemployment, and I equally don’t think that Bitcoin impacts unemployment in the way you make it seem. What Bitcoin has done is bringing about the idea of cryptocurrency, which we now have many cryptocurrencies. And if not the jobs like being a blockchain developer, and a few things, Bitcoin doesn’t directly impact unemployment. Or maybe you want to elaborate on what you meant?

These are pretty exaggerated claims imo. Well it happens, but not to the point that you can describe it as something "huge" as an impact towards developing countries since in the first place, the medium of payment isn't really a problem for the most part. Afaik, PayPal can be freely used in any country available and there are a LOT of freelancing sites out there that don't limit their users. Same with poverty itself.

In the first place, crypto wasn't designed to impact those things. It was an alternative medium of payment that people could use, simple as that.

Honestly if the hardship in towns hasn't been as it is today's, Bitcoin wouldn't had been so massively adopted to the rate of its interested investors. The incremented volume of crytop interested individuals is highily appreciated due to the potential values of Bitcoin that basically, an affirmed percentage of persons craves at it specifically for its investment potentials with the returns to creat wealth and it course fights against the designations of the harden economy is today's.
So, the Bitcoin Investors decided to find it a means of self employment. After much guys had been in the streets of no profitable income in returns, they got inspired and flexible to undertake the patient and endurance to hodl and keep accumulating their Bitcoins as much as they can with the intake infrastructure that something good profitable different is of th Bitcoin industry.

People are trying to make out of bitcoin something that was never designed to do, bitcoin is a great form of money and as such in theory it can be used for any application in which you use fiat.

But that is pretty much it, bitcoin is not supposed to create a lot of jobs, end with fiat currencies or reduce poverty, if anyone here is expecting those kind of outcomes out of bitcoin, they will be very disappointed on the future as I am sure that is not going to happen.

Cryptocurrency offers enticing freelance opportunities in fields often requiring minimal skills beyond internet access. The potential for high returns compared to traditional 9-to-5 jobs is undeniable. However, the inherent volatility of cryptocurrency poses a significant risk of losing everything. Therefore, I recommend leveraging any cryptocurrency earnings to invest in upskilling yourself, like learning programming, which can lead to more stable and secure career paths. While cryptocurrency can be a lucrative income source, remember to diversify your investments to mitigate risk.

I'm sure this is just your opinion and only judging from a few cases, meaning it's not the real thing that happens because of the presence of crypto, in fact I think more people experience losses from investing in crypto because they don't know the right knowledge about crypto because we know there are many scammers in the crypto world, whereas if he invested in Bitcoin it would certainly not take a short period to finally be able to enjoy the results of their investment and reduce poverty

Since you already asked, I want to repeat it and hopefully, Op can answer because if there is no definite answer this is just a guess or personal opinion from Op, and I agree that the percentage of crypto users is not that high.

On the contrary, the percentage of crypto users is a little bit high.4.2% is high from my own perspective

https://triple-a.io/crypto-ownership-data/

During the past ten years, cryptocurrencies have a huge influence on the world economy. It has opened up new avenues for financial independence and investment. Bitcoin is given value by its users, supply and demand.

it has all the essential properties of paper money but you can not physically touch the currency. But it might be effected in a state for the safety of economy.

Basically Bitcoin is often considered a digital alternative to traditional stores of value like gold. Investor may turn to Bitcoin as a hedge against economic instability, inflation or currency depreciation.
BTC have a Innovation payment system. It has evolved into an investment asset class, attracting institutional and retail investors seeking diversification and potential returns.

BTC is the borderless and decentralized nature makes it attractive for international trade and remittances, potentially reducing dependence on traditional financial systems and enabling greater economic integration across borders. It influence continues to evolve as adoption grows and as policymakers businesses

Overall BTC impact on economics is multifaceted.

So true. Cryptocurrencies have provided a space for the unemployed youth to earn income from crypto trading. This also happens in many countries, including in my country. many unemployed young people are using Cryptocurrency to earn income and can even change their economy. At a time when the country does not provide job opportunities for the younger generation, Cryptocurrency is here for some people to develop their talents in trading. Unemployed people don't have to work in an office, but if they can earn income from trading then it can be said to be a job.

It is time for the younger generation to understand cryptocurrency trading both in the short and long term, because cryptocurrency is the only investment that makes sense over time because it has proven to be very profitable. Yes, of course cryptocurrency trading can be very profitable if you have the right strategy and a good manager.

In short cryptocurrency plays an important tool to solve the problem about poverty and unemployment which for me helps improve the economic growth of a specific country. Take note that we are still in the early stage of adoption so expect to have a massive adoption in the near future.

Some people who have been able to take advantage of crypto will be able to increase their income because they can invest the money they have or trade to get income from crypto, if those who don't have a job will of course also be able to invest or trade using their income. from campaign payments that are followed in this forum so that they have earned income according to their abilities, if mass adoption can occur of course this will be very beneficial for those who understand it well so this will be very profitable for those who know more beginning.

The impact of cryptocurrency on the global economy presents both opportunities and challenges. While it undoubtedly offers greater financial inclusion for unbanked populations and facilitates faster, cheaper cross-border transactions, concerns regarding volatility, illegal activities, and the potential disruption of traditional financial systems merit careful consideration.

Cryptocurrencies offer access to financial services for individuals outside the traditional banking system, promoting financial inclusion and potentially fostering global economic development. Additionally, crypto-based transactions eliminate intermediaries, leading to faster and more cost-effective cross-border settlements. This could prove particularly beneficial for facilitating international trade and remittances. But, the inherent volatility of cryptocurrencies poses significant risks for investors and businesses. Wild price fluctuations can erode investor confidence and hinder the adoption of crypto as a reliable store of value.

What do you mean by solve poverty? I bet you don't know the total number of poor people worldwide and you don't know how many of them that aren't expose to the internet. To make money from cryptocurrency, you first need to understand the internet and then you also need to understand how to read and write and also how to comprehend, many poor number of people don't have the things I made mention. The world is still poor but we can all agree that availability of cryptocurrency has help many have a ways to earn money without depending on anyone.

Trading is one of the acute aspect the cryptocurrency has provided for many people, you just need to understand how it work and what to use to start which is money. If you are an experienced trader, between yesterday and today, Bitcoin has make a move of 10% in the last 24 hours, playing with such swings can get you an average of 50% which is better than even saving the money in the bank, you can earn more if it were altcoins. This is what crypto gives that the government can't give to people.

The thing is that, the world COULD provide all for everyone, it is not really about internet or anything like that, it's about wanting equality for real or not. Just sit down for a second, and consider, could we provide housing, clean water, food and education also even healthcare to EVERYONE in the world with the riches we have right now in the world? I can tell you, we can, it's there, it can be done. Why are we not doing it then?

Because we do not want equality, not in that sense, we want people with their private jets because they made a great company, we want people to have their own warehouses with twenty thousand workers, because they grew their company. We don't want equality, we don't want internet or smart phone at every hand, we want the possibility of being rich beyond our needs.

There are positive impacts and negative impacts of cryptocurrency on economic activity.
It can be concluded that there are several positive impacts of Crypto, namely:
   1. Ease of access to financial services.
Can shorten in making payments, facilitating payment transactions, giving profits when making payment transactions and also increase efficiency in conducting transactions.
   2. Crypto can make transactions directly without carrying out intermediaries around the world safely, quickly and more cheaply so as to encourage economic growth.

Behind the positive impact, there is also a negative impact of crypto on the economy. The negative impact of Crypto on economic activity in broad outlines can relax the economic growth of a country. This is because there are two negative impacts, namely:
   1. Threat of cyber crime
SBer crime media that is very easily accessible and studied on the internet. Cyber crime is all the activities that are commonly carried out by the perpetrators on digital transactions, namely by damaging the institutional network by stealing and abusing valuable data and documents, committing fraud and hacking bank accounts and transferring funds or money to their accounts. The emergence of this cyber threatens the defense and security of the state so that it has the potential to disrupt the economic pace.
   2. Central authorities need to make regulations involve cryptocurrency innovation infrastructure and build infrastructure of virtual currency systems with rules that focus on stablecoin to be able to involve cryptocurrency into systems and policies to strengthen financial ecosystems and facilitate economic activities that can accelerate the rate of economic growth
   3. To minimize negative impacts, central authorities can tighten the prohibition policy on the use of cryptocurrency developed by the private sector as legal tender, because it can cause cyber crime and threaten financial system stability which in turn can hamper economic activities.

is that true, most people don't have jobs because of the lack of job opportunities?
then they tried to look for information on the internet and found crypto, I was also one of the people who was helped by this.
if I didn't know crypto maybe I would be trapped in poverty.
Currently I have gotten some results from crypto even though I lost a lot in trading.

The most important here are just 2 aspects: cross-border transactions and illegal activities.

Everything else is pure demagoguery, as in any economics textbook.

Cryptocurrencies have a major impact on the economy. Currently, everyone, whether rich or middle class, can benefit from this cryptocurrency. It's not like the big whales are the only ones profiting from this. Those who know about this crypto currency can earn by investing and trading here. It is a system through which people can earn money with transactions if they want. I think cryptocurrencies will dominate the economy in the future.

You're mentioning numbers and percentages in your initial post, which I honestly find exaggerating. As other users have already suggested, 30% to 40% is an extremely high number that, firstly, doesn't make sense, and secondly, even if it did, you haven't provided a reputable source to back your claims. Personally, I don't see how cryptocurrencies are able to assist, let alone solve such complicated issues as poverty and unemployment. You're not presenting any solid arguments to back up any of what you're saying.

I'm sorry, but I do not agree. Cryptocurrencies can certainly assist in many sectors, such as freedom, anonymity, or fast transactions across the globe. They can assist financially, but mostly on an individual level. They don't grow on trees; they're not a money-printing business.

This is the unfortunate truth, people are not aware of it so much but the reality is that we are going to end up with not having equality for the sake of improvement. However, what you also should realize is that if we had that type of equality, we wouldn't have innovation and progress as much as we have right now.

People who know that there is a possibility they could make some money and be richer than everyone else, puts in more effort right now, free market is not bad, we could find some middle ground. We should allow or at least open the way for people to be as rich as possible if they make something the whole world needs, whereas we should also help the poor as much as we possibility could, maybe more than now, but not make them live for free.

Op is just stating that 30-40% of the population of some countries use cryptos, but provides no sources to back this up. The impact of cryptos and crypto-related businesses on local economies should be measured by proper research, not mere speculations, in my opinion. Also, apart from the gains, it should account for losses in crypto scams.
The whole post kind of sounds like generic assumptions without any evidence to back them up, to be honest.
I mean, I like this whole pro-Bitcoin attitude that Bitcoin helps escape poverty and unemployment, but when it's just words with no proof, it doesn't mean much.

Hustling for work, both online and abroad, can be tough, and not everyone has the same opportunities. Poverty's a real bummer, and it's easy to see how it can feel normal when everyone around you is struggling. But hey, props to those with the open mind and drive to break free, even if it means barely having enough food on the table.

Crypto can be a cool tool, with stories of people getting lucky with airdrops and stuff. But let's be real, it's not a guaranteed path to riches. It's like a rollercoaster – exciting, but with the potential to leave you feeling queasy and empty-handed. Relying on it for long-term change is risky, like building your house on sand.

I think this statement requires attaching a reference as proof of the validity of this information. Your statement contains facts that in my opinion require additional evidence that can support the facts you have provided. You said that it was a country so my question is what country do you mean?

So I think you should re-correct the percentage you said. Because even if it is a country I think 30-40% is a large number where almost half of the population in that country uses cryptocurrency for the fields you mentioned. Trading and mining may be associated with cryptocurrencies but what about investment and digital marketing? I think currently not many people use cryptocurrencies as a medium of exchange because of the fee problem which in my opinion is still high if used for small scale transactions.

In fact, at this very moment we can say that Cryptocurrency is already very dominant in all circles of society because there are many people who already know about it and have also invested and traded on several well-known exchanges. So the impact of Cryptocurrency on the economy is actually very widespread so that it will continue to spread in the future with more different conditions in the future. So personally, each of you should no longer need to doubt Cryptocurrency because the fact that it is profitable has also happened very clearly.

Cryptos are not a bank but many thinks their features are the same. Not all cryptos are fast and has a cheap fee. And then not all cryptos are decentralized. Volatility is what makes cryptos risky but at the same time profitable as long as you know how to utilize it. The decentralized nature of cryptos is the reason why laundering and other illegal activities are present but we should not worry anymore since there are now regulations that are in place to combat them.

Traditional financial systems got challenged when the cryptos came out and that is a good thing because it makes them to improve as well. Cryptos are already revolutionizing some economies which is also a good thing, especially for those who wants it. I think old systems are still going to remain for those who don't like or know how to use the new systems.

I agree that many people have progressed because of crypto, imagine you can only make a monthly salary, then they get to know crypto, it is very helpful.
investments that can be made with money that do not have to be large amounts,

I think Unemployment grips the people of my country and many unemployed youths are unable to make it as crypto is not accepted in my country. But most of the people in my country have become self-sufficient by keeping secret and working in the crypto market. In fact developing countries have more of these facilities, so the unemployment rate of those countries is lower. Actually crypto currency helps a lot as a source of income. Actually we need more money every day to manage our life so we are forced to buy any source.

Many unemployed people in my country have become self-sufficient by choosing crypto currency as source of income. I think those who are unemployed should have good experience about crypto currency and start working with crypto currency. I used to hear from everyone that I can earn money from crypto currency.  After that I heard a lot about it from many people and with good idea now I can earn money from crypto currency.

What country that might be?
Some people just loiter on the street where I live, they refuse to work or look for work and sell here and then a part they "find" get gifted and so on.
Many people have created businesses, which are now hunted down by the mayor's office.

Still in other parts of the country the productivity is neglected due to the lack of gasoil, gasoline. 

Crypto has its place but most businesses will not accept anything other than PP or mobile payments. The fact that you as a business need to accept many forms of value has not penetrated. 

exactly, some people made their side hustle by simply trading derivatives and thats already sufficient despite all the risk involved because we know the risk is also there, but some people that successfully traded their money whether for futures or spot and could make profit are definitely the ones that sees good effect of crypto in their current financial situation.
it could definitely help them to increase their income up their game, live a life they wanted from the very beginning.
it all depends on the will of an individual if they are willing to find opportunity they will definitely earn.
if they just want to get rich quick then i won't be surprised if they instead losing all their money.

remember to increase income it needs some process and skills, without that its almost obvious that things won't end well, same thing with crypto it requires knowledge and strong will, then someone could earn much more income.

There is no alternative to making money in today's competitive world. But in today's modern and technological era, as technological advancements have reduced the scope of human activities, so has the way of earning money. In that case, cryptocurrency is playing a big role in eliminating the unemployment problem as a message of hope.

For example, in a country like ours, due to the large population, the work area is very small, so it is not possible to find a way of earning money from that aspect by the government.
On the other hand, as the current world is moving forward, it appears that all countries will gradually become cashless. So from the above discussion, we can conclude that cryptocurrency will play a very big role in the current economy.

I think it only provides opportunities for those who have some money to spare and not for people who are jobless and have no money or resources at all. If you are looking for a job but you are in normal condition which means that you have some money left and you have a laptop, a mobile phone, got access to the internet, and every other basic facility that you need to learn about Bitcoin and cryptocurrencies and then to be able to use them in your favour so that you might not need to find a job anymore.

If that is the case, then you can sit at home, use your resources to learn about them, learn how you can trade, do a lot of practice, and once you think you are ready and you won't lose your money, you can give it a try. I wouldn't even recommend that because it's risky and one should use the only money they have on cryptocurrency trading.

I think Cryptocurrency has a positive impact on the economy of a country. There are many youths who complete graduation and hope to get a job and become a burden to the family and society but what's wrong if they earn and lead their lives through Cryptocurrency. Mining, Trading  , holding that if one can manage them well then one can do very well in this sector and earn a handsome amount of income. It will help a lot in reducing the youth and unemployment of a country. There are many who are doing very well in the world of cryptocurrency and  Living a better life.

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes  to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words  crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

The positive impact of Cryptocurrency is now increasingly clear and has been felt by many people for a long time now so there will be no mistake for any young person who wants to take this path and also wants to become successful through Cryptocurrency. Because now there are many unemployed people in various countries who after graduating from any school still do not immediately get a job except for some people who are able to create jobs themselves.

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

Currently, most people save their money in Bitcoin to avoid inflation, because when inflation occurs the money they save will decrease in value but not Bitcoin and regarding economic growth in this case I think it will only help those involved in crypto Of course their economy can improve if they can use it properly and in terms of employment of course each person has expertise in their respective fields, yes of course Bitcoin has many benefits if they can know how to use it well of course it will be very profitable for everyone.

In countries where cryptocurrencies are legal, their markets and stock markets are exiled in this way because they can take their thoughts home even more when half the market is dependent on them.  Governments who can take their voice and they can track the intimates within their domain can rule their country but as they say in Bangladesh they can't actually approve it and they haven't got legality yet, it's illegal here.  If you look at the rate at which the price of bitcoin is increasing, one bitcoin if the government of Bangladesh.  If they kept about 23000 bit coins in their holding then you see 23000 would have affected the economy of Bangladesh.  If the government would have uploaded them, but the government actually does not want to take their list, because the murders of Bangladeshis will increase a lot and they will have to be victims.

Appropriate. Unemployment is like a big game and the wise initiative is to invest in various sectors, for example investing in crypto means that by investing we will get big profits that can be used for our retirement program, but of course not all of our time is focused on making money, instead our fiat money The value will decrease when daily necessities increase in quantity and this is happening now because of many factors and this is where we are required to manage it well and some people are not ready for this condition.

BTC has helped some countries that adopted it to eliminated unemployment from their land which is the wish of every country to always have some tools to eliminate unemployment, but those that didn't adopt it are still finding it difficult to handle their inflation that is affecting their economy.

Those that know BTC investment very well, know how to use it to grow wealth that will make them to have difference source of income all over the country that will make them to be more serious with BTC investment because, they have tested the benefits of BTC investment.

Opportunity is about utilising what you have (knowledge, connectedness, a thirst for learning) not having lots of money. No regular job hunting here; this is a paradigm change

We use cryptocurrency to achieve our goals, not as a lottery ticket. Trading demands prudence, but rejecting it? That's like not walking because you might trip. Your laptop, internet, and basic facilities are more than other financial literacy seekers have

Buddhism emphasises the middle path. Not everything is severe. Do not jump into the deep end without swimming. While investing in bitcoin without knowledge is foolish, so is dismissing its potential. Balance, insight, and deliberate investigation matter. Welcome the digital age, educate yourself, and tread carefully

Yes, I see that since the introduction of cryptocurrencies, some people in my area have felt a positive impact amidst the difficulty of finding work. They really focus and learn about crypto investment so that they are able to make real investments. I also quite appreciate that the government does not limit the scope for cryptocurrencies but really provides freedom so that people are more confident when making capital injections, but the government still needs supervision to monitor rogue platforms so that they do not harm many parties.

Given that cryptocurrencies are private and decentralized, that is they could be used for money laundering and other illegal activities. They can also benefit us by allowing faster and cheaper transactions, particularly when considering the state of our country. Hardships have made salaries insufficient to support us, but earning in cryptocurrency has helped us a lot and interfered with our local banking system. It also has an impact on how businesses manage their transactions; that is, if the dollar rises, they gain more as well. Although this affects us as individuals, those who earn in dollars benefit more. Cryptocurrency has also been used to provide work opportunities in recent years.

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

You don't need to say who has improved their life by investing in cryptocurrency, just use yourself as an example. Have you become rich by investing in cryptocurrency? I am a cryptocurrency investor like you but I must tell the truth that making money and profits in this market is not as easy as many people imagine. I have also earned quite a lot from the market but I have also lost a lot in the past and I don't think many people would be able to accept such losses.

This is the financial market, it doesn't create jobs and someone will pay you. How can it positively impact the national economy? Also, do you voluntarily pay taxes after getting involved in cryptocurrency? Don't exaggerate things too much and we are talking about our money so we need to be realistic and very conscious.

Cryptocurrency has both negative and positive impact on the economy. Of a truth, cryptocurrency has helped a lot of economies by providing an alternative source of income for its citizens, thereby reducing the number of dependent people in the country.

But then, many businesses, traders and investors have lost huge amount of money when cryptocurrency crashed. This is not a pleasant experience as many small and medium scale business were affected.

Due to the decentralized nature of some cryptocurrencies,  the government through their apex bank find it difficult to control the volume of money in circulation. They also have issues with collecting revenue from their citizens who use cryptocurrencies. Ofcourse,  the government's revenue suffers when the government cannot tax its citizens effectively.

Criminals have used cryptocurrencies as a perfect hideout to carryout their fraudulent transactions which includes money laundering, bribes and many others. These transactions are not favourable to the economy of any country.

Under that argument we need to forbide and ban € and $ too.
Gold, Diamonds, Stocks you name it.

Indeed. Many people got positive impacts from crypto business. It think it is not about investment, there are many jobs in crypto industry. People who have jobs and have no jobs in real life, all can get the benefits from crypto. People who have jobs in RL (real life), they can make crypto jobs as side jobs. Meanwhile jobless people can make crypto as their main jobs for temporarily. I'm sure trading will be more suitable for jobless people because they can have a chance for regular profits daily. But they must have the intention to have a long term investment, too. I see this happens in my neighborhood.

Yep. Thanks to the government that they are supporting the crypto business. Even, the government keeps monitoring and initiates to have a safer crypto business. They regulate the local exchanges to make a more comfortable system for every person. In our country, Bappebti have done the right way as an institution appointed by the government to handle this matter.

In defense of my reasoning, a major impact of cryptocurrency should be a means of exchange for trade balances. cryptocurrencies just be used as a vital way to tackle the forex. By so doing it will strengthen or make a country's currency not to nosedive against another by so doing the cost of imported goods wouldn't directly affect the end consumer instead it will increase or make a stable Gross Domestic product (GDP) of a nation

Many people have changes their lives through adopting cryptocurrency and it proves to be really helpful in making your present and future better. Previously people were not familiar with cryptocurrency and they never try to find out way of earning but now everyone is engaged in earning more and more because inflation is on its peak and single salary is not enough to accommodate necessitates.

Some people have no knowledge about crypto while other having knowledge but don't wants to put their money at risk therefore they are far from earning through Crypto. There are huge opportunities provided by cryptocurrency market so try to focus on them if you want to have smooth journey of success.

I think you greatly overestimate the effect of crypto.
Binance has greatly benefitted creating the impression that crypto is synonymous to trading, you make more money trading in wheat bushels but binance is not trading those.

The common man is pretty helpless installing even a wallet on his phone. Or set up a new phone, reset it should it malfunction. 

Not everyone finds crypto helpful for some reason. I also come from a developing country and I see that not everyone feels helped by crypto, but personally I feel the positive impact that it can help change the economy.
I can invest and hold until the price reaches the target I want to achieve, especially on Bitcoin.
There will be a positive impact on the economy if education regarding cryptocurrencies is carried out consistently.

In a developing country like the one you live in now, because I also live in a developing country so I can also feel the impact of crypto in some middle class communities and also small communities with not so much income. Because crypto can basically be used by everyone to support their income as long as they have enough knowledge about it, because crypto is a job that has risks so you need a special understanding of it in order to get a better income, even though it's not always routine.

Where I live, there are not many people who want to learn about crypto, so only a few people want to seek education about crypto to learn consistently. Because the good impact on the economy personally is already quite visible for those who understand crypto even though they don't always trade and invest regularly. But what needs to be understood here is that the good impact of this crypto for the wider community has increasingly developed and can be seen very well in their respective environments.

But I really don't understand how cryptocurrencies bring income to people. Has your country adopted cryptocurrency and is the government relying on it to create jobs for its citizens ? Or are you talking about investing in cryptocurrency?

How can a financial market full of risks and fraudulent traps bring stable income or jobs to people? I really wonder about this because in my country, many people become rich by investing in cryptocurrencies but many people are also losing money and going bankrupt because of cryptocurrencies . How can we say it is about creating jobs and stable income to improve the lives of people in a country?

Easy, just because you believe people when they say, where I live many people have benefitted from Crypto.
Most Crypto enthusiasts from my area won't touch crypto any more due to bad experiences. The connected Crypto with trading, Crypto is innocent, it is humans who fraud humans.

A reality check is all you need. No quotes of a story from a believable source and it's an opinion no more.

Financial Inclusion: Cryptocurrencies can also provide financial services to both the unbanked and underbanked populations, talking worldwide. This increase in the  access to financial tools and services can really promote economic participation and growth in underserved regions too.

Any wide swings or trends in the crypto markets will surely impact the price movement in crypto-themed stocks that have holdings or operate in the crypto markets. Take this, if bitcoin is breaking out, the stock of a company that mines bitcoin may break out as well. ( This is how Bitcoin affects the financial market).
This is my contribution to the post.

In your opinion, what is cryptocurrency? As I asked the question above, does it create jobs and provide a stable income? And are you all getting a steady income from trading and investing in cryptocurrencies? And is it easy to profit from trading? Can someone give me proof that you are making money daily from trading ? Also, you always say that many people have become rich by investing in cryptocurrency but what is that number , and what percentage of the country's population does it represent?

The financial market is no different from a battlefield, money will flow from weak hands to strong hand , don't be too delusional that cryptocurrency is a paradise that anyone can become rich. the bookies create the game and do you think they will let everyone win and they will be the losers ?

Maybe the meaning is if viewed simply. People in my environment still don't understand enough about cryptocurrencies, so the impact of the presence of cryptocurrencies is still not visible. I've seen several people who were able to collect cryptocurrencies through reward programs, they were quite agile in finding information and then they worked according to the instructions so they got coins that could be exchanged for cryptocurrencies or fiat as a reward which of course helped them a lot economically.

The presence of cryptocurrency has a very positive impact and has the ability to accelerate economic growth for a country so that it can facilitate access to purchasing resources and utilizing financial services, especially in developing countries. Moreover, this can at least reduce the unemployment rate in a country because the younger generation can generate their own income from various means through cryptocurrency.

crypto has the potential to influence various aspects of an economy, certain investments cannot be traced from corrupt individuals which is one major issue about money laundering. Illicit or ill-gotten individuals try to hide their wealth in cryptocurrency which can indirectly have an impact on the economy because of liquidity in the market. unlike paper money, cryptocurrency can eliminate devaluation in currency in means of bills of exchange.

For a developing and densely populated country like ours, the currency will play an important role in the economy. A large part of our country is unemployed and deprived of the opportunity to get a job because the government is not able to provide jobs for them as the human resource in the country is much more than the requirement. So a large part of these unemployed people are earning their income through freelancing or outsourcing. Coming to this digital platform sometimes they are working in mining sometimes in digital marketing and sometimes they are also investing or trading here. In this way as they are making their living they are playing a major role in increasing remittances for a country.

Cryptocurrency is not so much about generating sources of income or generating employment, you know. It has more to do with the decentralized transmition of wealth or value. When comes to developing countries, the youth still needs to find sources of income which are closer to the traditional ways to make money, an actual job.
Speculation and investment in the long term can help to increase the value of one's portfolio, that is true, but a whole generation of people cannot rely their destiny on the cryptocurrency market.
The decentralized transmisiom of value which is enabled by Bitcoin and other cryptocurrencies has had a very positive impact in developing countries, that is true. Since they allow to avoid the full consequences of inflation and the reckless economical measures which could be taken by central banks, leading to the decrease of value of FIAT.

Just keep in mind one entire nation and population cannot depend on crypto, it is supposed to be a secondary market to what the country actually does for a living, being tourism, extraction of oil or exportation of tea and vegetables.

If you say the population in a country is 30-40% using crypto currency, no. because crypto currency users are not that big. for online shopping, it is rare to use or accept crypto. and sending fees in crypto, either bitcoin or ETH, are very expensive so it is not competitive if you use bitcoin or ETH as a means of payment.

Cryptocurrency impact on economy it may not even be directly but it can help the citizens who are investing to it to an extent. But here in my country the government thinks Cryptocurrency us the cost for the economic crisis going on in the country and I'm just imagining how can this be possible.  Cryptocurrency have really impacted to people's life so greatly,  if no for cryptocurrency with how the economy is going it would have been so difficult for so many people.

That is the biggest contribution Crypto, or Bitcoin made possible.
To open a bank account in the 3rd World is hard work and for newly arrived almost impossible. You need a bank reference to open a bank account. 
Credits for Private people have been opened lately, a company with luck gets a loan for 3k in US$. 10k for private. A so called socialist country.

When we can feel the impact personally, the desire that other people can also feel it begins to emerge from me to the people closest to me.
In fact, those who don't want to learn about crypto are because their curiosity is not deep and according to my predictions it is also because of the negative news about crypto.

Knowledge about crypto is a future innovation that is very necessary because globally many great people have focused on this technology in facing the future.
That's why I say education is very necessary considering that the economy will be helped if you have knowledge about it.

although bitcoin was not to have a direct role to play in reducing the rate of unemployment In most developing countries, it's now a reality that so many youth have benefited from the popularity of the crypto space by engaging in crypto related activities like trading, mining, Holding and some even earning from mere blogging on crypto related stuffs. This is just the phase were we could work and earn from whatever source we want to and that's just where leveraging on the Bitcoin sector to boasting our finance become good.

well, crypto isn't a job if we look at it from a general perspective and I kind of don't subscribe much to seeing it as a liberation for poverty cause it's basically designed to aid in reducing the level of centralized finance experience through the use of the fiat and not aimed at multiplying it value although by nature of it volatility, it could become profiting in the long run.

It's also worth mentioning that there are several other challenges to using cryptocurrencies in developing countries. For example, many countries have significant price increases, which causes the value of cryptocurrencies to differ substantially. This may make it harder for users to use cryptocurrencies in everyday operations. Furthermore, several countries have unpredictable power systems, making it impossible to generate cryptocurrencies or organize nodes on the blockchain. These are some of the obstacles that must be overcome before cryptocurrency can truly take off in poor countries.
Furthermore, many people in poor countries lack internet connectivity or smartphones, preventing them from accessing or using cryptocurrencies.

The way to use Crypto is P2P, once you take away the centralized crypto there are only a few left of the around 30K of coins.
Where there is an internet you can use Crypto, P2P does not require much bandwidth.

If you wish to use crypto just convince the shop to take the coin you like to promote/use.
Many shop owners have a pretty good idea what to do with values.

The biggest improvement for People, especially in the 3rd World, is the way to store value.
A wallet makes it possible to leave the world of cash.

There are a few possible barriers to the widespread adoption of cryptocurrency as a payment mechanism. One issue is that many people still don't understand how it works or how to use it. Another possibility is that certain governments may see it as a danger to their control over the economy and financial system, and may attempt to restrict or even prohibit it outright. Practical difficulties include the volatility of cryptocurrency pricing and the difficulty of converting into regular currencies.

Let me give you a small example of how Bitcoin solves the problem of unemployment. You must know about the poverty of people living in African countries. The per capita income of people there is very low and the GDP in those countries is very small and most of the people there work day and night and earn maybe two dollars to one dollar. If you earn two dollars or one dollar a day, it is very little, but those who earn two dollars to one dollar are considered as the highest income in Nigeria. You will see that there are many people in Nigeria who are involved with Bitcoin and who are investing regularly. They are investing in Bitcoin as well as they are working on various signature campaigns in this forum which is a great example of how Bitcoin is eliminating people's unemployment. But they would not be so satisfied with their Bitcoin investment if they did not get the profit from the investment as per their demand.

I totally understand what you mean and how people in these countries are now getting employed. But what I am trying to say is that let’s assume the signature bounty pays in USDT or even in direct USD, you can see that the employment isn’t directly dependent on Bitcoin. I agree that Bitcoin matters in this sense but I just think that it doesn’t directly impact unemployment. Have in mind that we are talking about unemployment and not investment.

Some hurdles are not that bad, learning is part of development.
No one needs crypto to compete with currencies. That narrative is what got crypto into the predicament with governments.
Crypto is a neat way to take financial responsibilities.

India is re allowing crypto and makes you pay more than a bank charges you for passing money on.
Do any of our Indian members know how much is a bank wire in India?  India being quite secretive.

Now I understand why the percentage of forum members from Nigeria is so high. But is it true to say that investing in bitcoin can solve the problem of poverty alleviation? Because investing is risky, not everyone will win and profit when investing in bitcoin. Investing in bitcoin is like investing in stocks, gold... and whether it can be profitable or not depends on each person's knowledge. In addition, the campaign signature is a form of advertising and they can also pay us with USDT and bitcoin which only serves as a payment method. How can it be said that bitcoin is helping to reduce unemployment? To be more precise, the bitcointalk forum is providing jobs to people, not bitcoin.

Actually this will be logical if you look broadly and not fixate on bitcoin, although in fact this was started because of bitcoin, as mentioned one of them is a signatur champaign, it can help some people to earn income, as well as campaign managers and others as he said, but if you look more broadly like the development of crypto you will get opportunities that will not be able to get in areas that have minimal employment, by getting to know crypto besides you can invest you can also become an airdrop hunter or bounty hunter, take part in events held by crypto projects and we are given rewards, such as NFTs and others like that which to this day there are quite a lot of innovative developments in the crypto world and that can be an alternative for us to get income.

And you have to see that all this happened because of bitcoin.

  Since the inception of Bitcoin in 2009, the economic impact of cryptocurrency has been both overt and subtle. Now in its fifteenth year of existence, the digital or virtual money that takes the form of tokens or coins has established itself as a viable currency and form of investment, and the economic impact of cryptocurrency is evident in a number of areas in national and global communities. The rise of cryptocurrency has brought with it an entire industry that is dedicated to supervising cryptocurrency exchanges that take place throughout the world. While some early adopters have become rich quickly, others have developed companies that rely on trading as their source of income.
  However, the number of jobs in the Blockchain industry increased from just over 1,000 in 2016 to over 4,000 in 2017 approximately. Software engineers have been the most directly sought after professionals for the cryptocurrency industry. And while this job market has fluctuated in the past few years, interest in these professions have not faltered. As cryptocurrency continues to be legalized outside of the western world, we can expect to see more global investments and job creation within the field. In an increasingly digitized world, the social need to communicate across borders is now manifesting itself in financial needs, and traditional financial institutions are not able to provide this as well as cryptocurrencies can. In time, entrepreneurs can assist in the opportunities to invest in, save, and send money across borders, in turn reframing global business practices. Cryptocurrency has the potential to continue to become a mainstream form of currency in the near future. As it grows in value and popularity, the benefit of investing in crypto becomes more apparent.

One way or another, this forum indeed help a lot of people in terms of augmenting their income. Not only from sig campaigns but other opportunities such as those programmers, graphic artists, bounty hunters, managers among others. Just look at some lucrative art contests being done here in the forum. Their rewards were quite good in amount. So not only those in sig campaigns can find side jobs here but other people who have other skills. And the good part here is that, they come from across the globe, no matter what race you are, everyone is welcome here.

This forum is broad just like Cryptocurrency, one can easily followed up all the sectors but can get acquainted to few within months or years. It is not all about making qualifications to join campaigns, rather its served as important purpose of ramifications in crucial knowledge in the system. The impact of Cryptocurrency in our present day economy have driven most of us to understanding the system and how to stand firm when it comes to making crucial decisions. Cryptocurrency is for everyone that cares and understands the term, it's lucrative is essential and trusting when one finally understands the system.

   Financial inclusion ; cryptocurrency has given financial services to those persons that are not in use of the banking system in the globe , which now help to include the underbank and unbank to be inclusive making an increament in accessing financial tools and services, that is removing the need of traditional banking and reducing bank charges

   Cryptocurrency has also helped in promoting economic participations and gives growth provided with inadequate service .

   Cryptocurrency makes international trading very easy ,it also protects inflation , because due to inflation many countries currency has been devalued.
Cryptocurrency also gives new and balance system of exchange for countries passing through high inflation .

The emergence of the cryptocurrency will leads to the usage of the digital form of money instead of bank assured currency,because cryptocurrencies help us to be financial independent person.The currency form will leads to the monitor of the currency flow in the country by the government.So it was skipped by the most of the people,the digital currency now influence the flow of economy in many countries.This was the reason for the legalisation of the cryptocurrency in various countries around the world.Actually the additional money from the cryptocurrency works help the country not get into the economical recession.



The impact of the cryptocurrency in the current economic environment is huge expected at the beginning of the cryptocurrency to the market.No one expected this much reach in the cryptocurrency in just one decade of period.Huge people holding their assets in the cryptocurrency form to save their money from the taxes for being hold in fiat in the bank.The digital form of the cryptocurrency was not trusted at the beginning of the launch of the cryptocurrency in the market.

Bullshit statement, how will you own bitcoin or altcoins if you don't use a bank or fiat to buy them? Cryptocurrency is not created and distributed to you for free, you need money and even a lot of money to own it. So how can it replace the role of banks? Also, if you have used bitcoin and made any transactions recently, you would have spent $6 or even $20 per transaction. Do you think it will help you reduce costs compared to banks?

Other than bitcoin, cryptocurrency is a pump and dump game, nothing more, nothing less. Are you investing in shitcoin? Did you see that in less than 1 day all shitcoins dropped 20-30%? Do you think it will help you hedge against inflation and currency devaluation of your country?

Not really, many are though.
You can make cryptos by mining, you can collect crypto though clicking, watching videos, doing surveys and so on.
You are correct with saying that Crypto will not replace the banks ever, banks give credits, finance startups, are critical to the systems very existence.

Since Bitcoin's inception in 2009, cryptocurrencies have had a significant economic impact.. Presently, digital currencies have been recognized as a workable investment type and feature prominently in many different sectors – be it national or international level. Furthermore, the birth of cryptocurrencies gave rise to an industry that governs global cryptocurrency exchanges. Among some people who earn large profits quickly, others build their own companies in this sector.

The number of positions within the field of blockchain has also increased significantly, specifically for software engineers. This market of employment may change sometimes, but the demand for jobs related to cryptocurrency is still high enough. Over time, cryptocurrencies might replace traditional money due to their relative simplicity. Also, those who invest in cryptos can notice that the rewards are higher as their worth and popularity climb up.

cryptocurrency has really changed the world economy and also the way people transact, with blockchain technology behind it, everything runs transparently and nothing can be hidden, another thing that benefits from cryptocurrencies is that even those who are in remote areas when they are connected to the internet, they can transact with cryptocurrencies, without needing to depend on banks.


the opportunity created by the use of cryptocurrencies is that more and more young people will be helped financially when they make good use of cryptocurrencies, just imagine if you knew about Bitcoin and bought it when the price was $1000 then now the value of the money you have has increased by thousands of percent, this shows that cryptocurrencies are an opportunity.

f you value economic growth by being able to make transactions, in my opinion, the tone is wrong in understanding economic growth, after all we can still use fiat to make the same transactions and we can easily make economic growth if the market is wider and the money circulation goes well in the area will improve the economy, so if you look at it from this side, in my opinion it is not right. It would be more appropriate if the thinking is that if we can open up more of our business abroad and make crypto an alternative payment, so it's not a local activity but an international transaction activity.

This is quite relevant, but if you only imagine it is something that is unlikely to happen again, but with the development of crypto currency today we can see income opportunities much wider, both to become a trader, airdroper, and other things to channel your abilities in the growing cryptocurrency ecosystem to have selling value.

Cryptocurrency is an entirely new phase of technology that has come to advance the knowledge of monetary systems as far as fiat is concerned. And subsequently provide long-lasting solutions to those problems through the advent of the digital currencies, a.k.a. cryptocurrencies.

Disentralized system in Bitcoin will help it to survive more than the fiat currencies in, but will also assist in maintaining the value of the assets

It has helped a lot of people to join hands in the decision-making process of the cryptocurrency, so that the rise and fall of the digital currency will solely be determined by the overall users of those currencies, and there is nothing like being micro-managed by a certain set of people who are the key.

It's that the opportunities have become digital and many are paying in cryptocurrencies. And with those opportunities, I agree that many young people that are into technology might be aware of it and they can easily get something for them that will be able to help them not just financially but also add up some knowledge of what actually is happening on this scene.

I've been there and glad that I was able to get a bit from it. It's true that whoever gets first will have the most advantage and the impact of being into cryptocurrency is certainly big not just to the country's economy but also to your family economy.

In crypto market, there are so many jobs that the young generation can explore with. Not only using it for payment purposes but for crypto-related projects, there are so many jobs created out of it. Just look at graphic artists, programmers and a lot more as I already mentioned in my earlier post here. So yeah, it will help those people get some jobs from this industry, if they just know what projects to tap and offer their expertise with.

Only a fraction of young people.
There are billions without skill levels to be employed in the 1st place.

I highlight individually regarding crypto and specifically for bitcoin, the presence of this industry has helped many people, especially regarding the issue of financial income level capabilities. People are starting to realize this industry as an alternative and everyone has the same opportunity to earn money, as long as this industry is used well then there is an opportunity for anyone to gain financial freedom. Poverty is characterized by people who are unable to meet their food needs and do not live a decent life such as getting education and health.

If someone does not have a strategy to get out of poverty then life now will be much more difficult. Jobs are very difficult to get and will affect someone from fulfilling their obligations. The steps and presence of crypo can be used by anyone, but people must know how it works. Therefore, training skills is very important so that people can invest and trade in crypto.

Are you collecting cryptocurrencies the way you recommend or are you also investing in them with fiat and banking? Free stuff doesn't work anymore these days because things are becoming much more valuable. Even if you could somehow get your hands on cryptocurrencies, if you don't convert them to fiat, you can't survive as fiat and banks are still the primary medium, the currency of the world. 

We need to look at reality and accept what is happening, don't be too delusional or too hopeful about the crypto industry. We are only at the beginning of the cryptocurrency revolution and unfortunately, everything is no longer a money game. There are no practical applications yet and no impact on our economy.

In almost ten years, he really felt the positive effects after crypto was present in the midst of people who were experiencing economic difficulties, the existence of crypto has also become a new innovation in the global business world, and also economic growth can stabilize it, currently the readiness of countries that You have to pay attention because not all countries are ready for economic growth through cryptocurrency. in the crypto system, people don't bother using it in transactions, so it is very short and also very safe in using it, so the level of efficiency is very high. I hope the world economy continues to improve and crypto becomes part of the legitimate world financial system

Average and Rich people are likely involved in investing in Bitcoin but poor people, have less chance.
Cryptocurrency is not the solution to a growing unemployment rate in the country but this just gives a chance for all to earn money. In fact, we can't consider this as a job but rather as an investment. We can't rely solely on our crypto investment because this won't give us instant returns. So, we still need to find a job that supports our daily needs.

And even joining signature campaigns doesn't change because this is not an individual problem but the entire country and the participation of the leaders matter a lot. 

I hope that today's young generation will be aware of continuing to improve their skills in any matter in order to make it easier for them to open their own business so that they can work alone without having to depend on other people for a long time. Now the impact of cryptocurrency has become very big for the younger generation who are not lazy, because they can take their own opportunities with smarter thinking so that they can earn from their own hard work for now.

True, many of the clients are now also giving that option for their workers to get paid in crypto because it is lesser fee and quicker and can be received within a few seconds. And having that kind of payment don't have to make you exchange anymore because that's a direct investment for the receiver or to the workers that are longing to invest on this market so, the clients just did their job quicker and helped them more to invest.

Besides bitcoin, can you name cryptocurrency projects that are bringing practical applications to the real world? Or are projects created for the purpose of pump&dump, causing damage to millions of participants? Graphic artists and programmers constantly create garbage projects and Kols takes turns shilling the projects and then making thousands of people lose money. That is called the positive impact of cryptocurrency on our economy?

Also, are you investing in cryptocurrencies and are you paying taxes to your government or are you using them to avoid taxes? And you call that a positive impact on the national economy?

When someone realizes the importance of improving skills, they must have a skill that can give them an income and there is no need to expect other people to be able to have an income that can meet our own needs, because without a skill that we have of course it will be very difficult to looking for work that can give us income and currently the impact of cryptocurrency is very big for those who can learn and can make a profit from cryptocurrency and as you said this really depends on someone who wants to take this opportunity or ignore it.

And whose fault is that? People who are too lazy to acquire any skills are unemployed because of themselves and not because there aren't enough opportunities. There are millions of job opportunities even outside of this industry but they require one to at least have some skill that they can use to get a job done, but some people say that they wouldn't learn or become skilful and they just want a job where they do nothing and get paid for it.

People who are unemployed and don't have a stable source of income need to understand that they need to do something themselves to get out of the misery they are in, no one would come to their house and offer them a job where they would be doing what they know or what they like, that's not going to happen.

Parents failures are those.
You can learn skills from early ages till you are close to death.
Many lower and middle class parents search for the pill calming their offspring. Children are curious and parents kill that curiosity.

Yeah cryptocurrencies has played a great role in eradicating poverty in most individuals lives, given them the previlage to work from the comfort of their home. One don't actually need to fill any form of application before getting the chance to earn with it , one don't need any form of interview before earning in this crypto space, all one need is proper knowledge concerning how things work in this space Inorder to earn . Though nothing comes that easily that why when come to earning in this Crypto space learning or gathering of knowledge about it plays a vital roles. And one wonderful thing about this space is that one can earn by investing or using of capital,  or earn without investing or without making use of any capital or money .

50% of those who earn from home without going through University are bound for prisión or worse.
You are correct in saying that the established society is way too bureaucratic, these bureaucratic hurdles are used to prevent fraud too.
people fell for instagram Trading offers, they still do. 

The same qualities that make crypto appealing like its ease of access and minimal bureaucratic red tape are also making it a playground for scams

Even the signature campaign isn’t a job. And for you to invest in Bitcoin, you should have money for investments, which means that you likely have a job. So at the end of the day, you need a job for things to happen. Maybe when you’ve worked a lot and have many investments, you can retire and earn from these investments. But the investments aren’t the ones alleviating the poverty, it’s how you handled the job too.

If it gives you a salary then what is it?

It could be a side job but honestly signature campaigns pay better than usual jobs where you just end up physically and mentally drained and for what? A minimum pay. I’d rather be doing this in the comfort of my own house than having to go out, spend money for transportation and offer services to receive incomes that do not equate said services.


Investments for me have always been a method to prepare for the future and it’s not a source of income presently.

It depends on the country you’re talking of and their minimum wage. Signature campaigns do give you money but you cant compare it with having an actual job where you put in complete hours dedication. It also depends on the job you’re referring to because there are different job rankings. However, if the said person has no job at all, they can consider signature campaign as a job, but I don’t think it’s wise to depend on it and confidently call it a job.