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We use economics on our everyday life. It affects almost everything. A good example of this is our daily spending or how much we will pay for a particular goods or services depending on its demand. Economics also gives us idea about how our economy runs, inflation rates, job opportunities, etc.
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On my own opinion, i think the other government will not support cryptocurrencies because every country have their own currency and there's no law or policy about the use of these cryptos.
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I think IT is in demand today due to the pandemic. Most people today use IT or internet more often. Like for example in the academe, instead of face to face classes, teachers use online media platform as their medium of instruction. Employees who works from home use internet and computer since they cant work inside the office. Online shopping is also trending because its more safe for people to buy goods online than to go outside.
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I think tech companies are in demand now due to the pandemic because of the social distancing and the left and right lockdown around the globe. Since we are limiting the face to face contact, schools today will be using internet and media platforms for instructional purposes.. and also since most people loss their physical job, some of them looked for online jobs so as they can support their families.
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User: Fantastic33
Position to apply : member
Post start: 369
BTC Address : 3BrhpZoFgBbfwnqk7N5dGx7fvGZJrHtf1u
Signature: will post once accepted
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Based on literatures, its nice to invest on crypto because the return of investment is high. However, it depends on its supply and demand. Other than that, price of crypto fluctuates from time to time. So it means that there will be a time that you will get a high profit and sometimes negative.
So before entering on this type of investment, read a lot.. study how it goes so that you wont regret at the end. Investing is like a gamble. Its either you win or you lose.
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Most people find bitcoin as a source of their additional income that is why they spend some of their time for it, especially those who do not earn much. i think its not a waste of time, rather its a big help for them.
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Bitcointalk Username: Fantastic33
Rank: Member
Current post: 373
BTC Address (No BCH): 3BrhpZoFgBbfwnqk7N5dGx7fvGZJrHtf1u
Wear appropriate signature: Yes
Wear avatar: None
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No one knows what will be the future of bitcoin. Its future depends on its users and holders. If we continue to use it then it will still be on our system in the years to come. Im just hoping that one day all people may be able to use it.
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Some topics are almost the same but not 99%. Have you tried to read from other boards? Different people can have same questions about bitcoin especially the new ones, and we give answers/thoughts that are almost the same with others. We are all interested to know more about it and sometimes posting a question is the most easiest way to find answers and gain knowledge from it. Your observation is also the same with mine, even i posted a topic like this few months ago at the meta.  |
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Yes you can buy and sell anytime you want because thats your preference, but i think it is still important to consider its price when buying or selling. Say for example you bought crypto at high price then sell it at lower price, then it will turn on losing all your invesments, that is why monitoring its price is very important and there is always a right time to buy and sell.
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Bitcoin is more of an asset, but it is also considered a currency in an electronic form. You can use it yo purchase goods in services. Some shops in other country already accept btc as a mode of payment, but most people convert it to fiat especially when its price has a high equivalent value on fiat then use it to purchase anything they want.
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I earn bitcoin from signature campaigns. And those bitcoins serves as my other source of income. It help me a lot especially at times that i don't have money left in my pocket. I converted my bitcoins into fiat and used it to spend for our daily needs.
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Price fluctuation on bitcoin is normal due to its changibg supply and demand. Usually increase in supply due to panic selling causes its price to decrease. But thats normal. Dont be upset. Its price will still rise. Just be patient. And play on its price wisely.
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I dont think that the government will support cryptocurrency over fiat. Every government have their own fiat and have some regulations when it comes to crypto use due to the risk that it can cause the public. Besides the central bank still dont recognize it as a currency.
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The central bank determines the amount of money to be printed that will be circulating in the system. According to an article written by Bajpai (2017), too many or too little money that are printed have an effect to both macro and micro economy that may eventuall affect the public in a positive or negative way. Decisions on printing money is not that easy. Right amount of money is very crutial to make the economy sustainable and healthy. Source: https://www.investopedia.com/articles/investing/053115/how-central-banks-control-supply-money.asp |
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People usually give their predictions based on the price chart history, but its not a guarantee that what happened in the past will also happen in the future. They based their predictions on the patterns of price's up and down movement and thinks that same thing will occur again, but most of the time, did not. Predictions are just guess on what will happen in the future but are very important to holders and users because they sometimes depend their decisions and actions based on these predictions.
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Taxes are involuntary fees collected to individuals or business firms that are used in different government activities or projects. These taxes are collected and used for the improvement of the country. That is why it is very important to pay our taxes. But tax rules depends on which country you are from. Whats not good about it is that we don't know if our taxes was used for the said purpose because there are these politicians or government employees (not all) who are corrupt and used these taxes for their own benefit. Corruption must stop, so taxes may be used properly for the benefit of the public and for the betterment of the country as a whole.
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