hello member of the bitcoin forum,  I'm confused and looking for answers about how to help people who are having economic problems, are there any of us in this forum who have a good heart to help the economy of fellow human beings, can opening new jobs reduce unemployment and improve the economy? I think the formation of a mindset must first be done, because now the dominant generation of young people think that after they graduate from college they will find work and only become employees in a company, not thinking about how to be able to open new jobs or at least they do entrepreneurship. I think this mindset can help someone get out of their economic problems |
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As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
I think it is quite difficult that bitcoin can stabilize the economy of a country now, considering that now bitcoin is still considered illegal by many countries if it is used for buying and selling transactions because it will have a negative impact on a country's economy due to a weakening currency because it is replaced by bitcoin , if referring to the limited number of bitcoins, it can indeed be expected to make the economy stable and even increase but on the other hand it will have an impact on the country's fiat exchange rate, I would rather suggest that if a country's economy wants to be stable then the country must dare to limit fiat money production |
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that's really good news considering that the blockchain system they match with their financial transaction system, this will in some way boost the price of the crypto currency, but what is still my question is whether it will be able to be used in all countries, since not all countries legalize the currency Crypto is used as a transaction tool and even considers the crypto currency to be illegal and could threaten a country's economic stability |
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There is a lot of misunderstanding and confusion when it comes to bitcoin. Mainly because it is relatively new and now it became popular in the mainstream media there have been lot of here say of how the bitcoin works.
I am new when it come to bitcoin but I have read some articles about it. This is basically what I understand correct me please if I am wrong
I have read that it is not a code or a data that can be stored and downloaded but it is more like a mutual agreement. Is that right?
mutual agreement, it is true that the blockchain system used by bitcoin uses a joint agreement system meaning that each transaction will pass several confirmations from each block if one of the blocks does not confirm the transaction then the transaction will not be valid and can be declared null, many things make the block not conducting transactions including the lack of GAS costs, so that every transaction that occurs will be recorded on many blocks so that it cannot be manipulated by anyone |
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I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
I think now the price of bitcoin is also stable, but stable in the selling value which is quite low compared to the previous price correction, I think the trust of the government to legalize bitcoin will help make the price of bitcoins stabilize, but it is the unstable and extreme movement that makes investors are attracted by the price movements that occur because they can get a lot of profit in a short amount of time if they can take advantage of the moment |
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Like other currencies, value of cryptocurrencies comes from their supporters. There so many people around the world who trust the idea of crytocurrencies and wish to use it as a payment tool.
if bitcoin is used as a payment instrument like fiat currency, I think it will have a good impact on the growth of bitcoin prices because more people will buy bitcoin to be used as an automatic payment tool that will make the price of bitcoin move up and skyrocket, but I also think that it will be difficult to realize this, since there are only a few countries that legalize the remaining bitcoin still cannot make decisions as if they don't know the presence of bitcoin |
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Wow! It's really good news for us! I'm interested in it. Hope it will help us to grow more. And it's a really a good news for Crypto marketers.
I agree with you, this is good news and certainly will make cryptocurrency prices more expensive and continue to grow, this is because it will increase the confidence of investors to invest their capital in cryptocurrencies and automatically if many new investors invest their capital in Cryptocurrency, according to the law of supply and demand, prices will skyrocket |
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I have seen quite a number of topics here where people have been selling or asking for advice whether to sell their properties to invest them in bitcoin. Am surprised some people forget that crypto investment is not always a win affairs. You either lose or win. You can as well make profit in crypto with small capital if only you have the patience to hold and wait for the time when the market is booming. Do not be a greedy investor. Always invest with an amount you can afford to lose. Have a nice day.
Well in my opinion you don't need to make big investment In crypto. Or make small capital to make profit. Just join in bounty program or any kind of campaign to make profit. Yes, maybe it is one way to get a profit by taking part in a bounty program on an ICO project, but the results of the bounty will not be as big as the return on investment in cryptocurrencies. , you can lose all the capital you invest if you miscalculate in making a decision, so maximum results are certainly not produced from a modest process, results are always directly proportional to the process |
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in my opinion they will not accept bitcoin in their technology. Apple is a big and famous company, they will not accept bitcoin whose legality is still in question.
the legality of bitcoin is still questionable, because there are still many countries that think that bitcoin is still illegal if it is used as a transaction tool like a normal currency, but in my future it is not impossible that Apple will cooperate using the bitcoin platform as one of their payment instruments, because now a country has emerged that indeed legalizes bitcoin and even makes a central bank bitcoin |
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As we witnessed a bearish year which lasted longer than the prediction and some people was it was the bad year for crypto but i feel it was a the year of correction as the value of crypto were overachieved at the end of 2017. Hence we are having a correction period to what the real value should had been? Kindly share your opinion.
Yes, I agree with you that 2018 is a year when almost all crypto currencies undergo massive corrections, this greatly affects the mentality of new investors who have just entered in 2018, this makes them very confused to take the attitude of price movements, they finally sell panic for fear of experiencing a deeper loss, this panic selling action is certainly a trigger for deeper price corrections, I hope the next year will be a year where the price of crypto currency is very potential |
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I hope that future bitcoin will have a good existence and can be accepted by all people even though all of them don't accept, what I see in future bitcoin will have very high economic value so it is suitable if chosen as a long-term investment commodity, besides the system used by bitcoin (blockchain) will be widely adopted by various fields including the government and conventional banks
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
in my opinion, physical fiat currency is stable, there will be no hacking term, but maybe the exchange rate is very volatile. Price changes / corrections always occur every time, even in a short period of time the exchange rate of a currency can change drastically, so I think fiat money can crash on its exchange rate, and this will lead to an economic crisis in a country, many countries cannot control the printing of their currencies, they produce in large quantities so that the currency has a weak exchange rate |
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in my opinion, if you look at the capabilities of blockchain technology, it will be very useful if applied in several fields such as in a person's medical record, so a person's history and medical history will be clearly visible without any engineering, even missing data. medical world
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as a starbucks customer I really appreciate the steps taken by Starbucks, of course this is a very appropriate decision to address the development of the technology and economy, payment with bitcoin will be cheaper and more efficient there will be no more queued terms just to pay for the coffee we ordered, we only need to scan the barcode to make payments without having to use a credit or debit card even cash
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it is not a ridiculous thing to make a central bank crypto currency, this has happened a lot in countries like Africa and Germany and in some other countries, of course this is a good thing because it will attract investors to buy crypto currencies and of course it will make crypto currencies become more expensive and more potentially profitable if chosen as an investment commodity |
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Im from philippines and it"s good to here my country are accept more cryptocurrency. In my country crypto is still not a problem because a lot of govenment agencies supoorting this and it is good for crypto because it help to promote and price will possible to increase.
I hope that it will also affect both cryptocurrencies in other countries, not in the Philippines alone, and hopefully, not only in the Philippines can the government support cryptocurrencies. I hope that this can be followed by all countries in the world. for investors or the country itself because it can collect taxes from cryptocurrencies |
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if the Philippines does this, then it will have a good impact on the weather of cryptocurrency investment, because that will increase the confidence of new investors to invest the money they have in cryptocurrency commodities, besides this will also make the Philippines more foreign exchange from taxes for every transaction of cryptocurrency that occurs
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