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MHopkins
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September 02, 2016, 11:11:03 AM
 #41


For our financial future ... Bitcoin is a good chance for our economy, what do you think

As a store of wealth it is fairly price stable and is much easier to access and store than physical gold. I imagine another blockchain will succeed as a general payment system tho'. Unless the core devs make big inroads in scaleability and throughput.
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September 02, 2016, 11:21:11 AM
 #42

The major advantage bitcoin has over fiat is that inflation is controlled.

With fiat the price of goods/services increases indefinitely, whereas bitcoins has a limited supply so inflation is limited.

I believe digital currencies are our future, but it seems the government is making plans for its own digital currency.
Inflation might not be the problem of BTC but huge volatility is much worse than inflation. One day your coins can be worth $1000 and the very next day only $250.
Inflation might be problematic in the course of many many years but 1.5% inflation rate per annum (current USD inflation rate) is not that devastating.
That might have been the case a couple of years ago, but since then he price has been much more stable.
What are the chances that something equally devestating as the MtGox fiasco happens?

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September 02, 2016, 01:56:56 PM
 #43

that will put a threat to the centralized system which is banking industry , and maybe it would give our economy a good status but we cannot say there will never be a problem from it . our security must be our focus and we must still be on control on our own property .
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September 02, 2016, 02:01:40 PM
 #44

I think Bitcoin has a positive impact on the economy as well. People will start relying less on their banks and credit cards, more privacy over transactions and ease to transact with using their personal mobile phones. Also, it'd enable poorer countries to receive and send monetary remittances at a much cheaper rate and almost instantly without having to to wait in long queues to collect the fund.
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September 11, 2016, 05:39:21 PM
 #45

Not only about our financial future but it will change the way we used to live economically. It will not only bring new concepts and simplicity in the transactions but also it will make the world even closer financially.

Alternatively it will bypass restrictions of fiat and boost the global economy due to decentralization feature and due to anonymity, it will make us secure to trade without worry.

Now let’s jump to facts. It won’t happen overnight, there is threat of misuses and we should really spend bitcoin in order to grow userbase because movement makes it popular.
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September 11, 2016, 05:46:57 PM
 #46

I think Bitcoin has a positive impact on the economy as well. People will start relying less on their banks and credit cards, more privacy over transactions and ease to transact with using their personal mobile phones. Also, it'd enable poorer countries to receive and send monetary remittances at a much cheaper rate and almost instantly without having to to wait in long queues to collect the fund.

Well i think that wont be the case in future if bitcoin reaches mainstream because after that they might open bitcoin banks or start credit cards like fiat ones and then all things may become the same as fiat about bitcoin (i hope that does not happen though).
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September 11, 2016, 05:49:42 PM
 #47


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.
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September 11, 2016, 06:10:31 PM
 #48


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.

The similar situation is in my country. Many people are unempoyed or with low incomes and they are trying all sorts of ways out of this situation. Bitcoin is one way that can help them. They can still use Bitcoin pretty anonimous and earn some extra income. But mostly younger people are interested in Bitcoin, so this is not solution for everyone.

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September 11, 2016, 06:53:44 PM
 #49


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.

The similar situation is in my country. Many people are unempoyed or with low incomes and they are trying all sorts of ways out of this situation. Bitcoin is one way that can help them. They can still use Bitcoin pretty anonimous and earn some extra income. But mostly younger people are interested in Bitcoin, so this is not solution for everyone.

Bitcoin will definitely stimulate new job opportunities and also for informal trade, where people can use micro payments to it's full potential

without having to worry about high fees. So yes, if the technology is used in the correct manner and people develop new innovative ideas to

trade globally with micro payment, then Bitcoin will drive a new online economy.  Grin

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September 11, 2016, 06:55:37 PM
 #50


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.

The similar situation is in my country. Many people are unempoyed or with low incomes and they are trying all sorts of ways out of this situation. Bitcoin is one way that can help them. They can still use Bitcoin pretty anonimous and earn some extra income. But mostly younger people are interested in Bitcoin, so this is not solution for everyone.
There comes a point though where people have to realize that Bitcoin is going to be one of the biggest things to help people get out of the issues that are being caused by economies around the world either failing or bringing out lower wages for the entire population overall. While Bitcoin can definitely help some people increase their incomes, there are some changes that have to be made to fix everything.
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September 11, 2016, 07:50:27 PM
 #51


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.

Yeah, i we know that bitcoin is a best opportunity for the students to start a part time job with the salary of like full time or more than that, as with bitcoin people only with a limited time can earn much higher amount especially when they start trade with altcoins.

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September 11, 2016, 08:14:14 PM
 #52


For our financial future ... Bitcoin is a good chance for our economy, what do you think
I do not have any second opinion about bitcoin is the right way for a secured financial status in future.
Bitcoin does not require any hard way of achieving that. Simply holding bitcoin is more than enough to secure our future.

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September 11, 2016, 11:26:15 PM
 #53

I think bitcoin has already changed many peoples lives and made it easier for us to work online. Many ways of making money have become available because of bitcoin and I'm sure we all support it.

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September 11, 2016, 11:39:06 PM
 #54

I'd go for gold. I know we're all using BTC here but gold is way better to be invested in than Bitcoin because of the price capability to rise faster and higher than BTC. Gold will never be useless or invaluable.
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September 11, 2016, 11:53:11 PM
 #55


For our financial future ... Bitcoin is a good chance for our economy, what do you think
i think you are right but here i nees to mention here that for a particular country government it can give a opposite effect if it will be declared as illegal and bannes by the country . all over its realy a better way to get profit and a better way for the improvement of economy .
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September 12, 2016, 02:37:14 AM
 #56


For our financial future ... Bitcoin is a good chance for our economy, what do you think
To Countries with high unemployment rate, Bitcoin opens an opportunity to trade and earn anonymously with very low capital. In my country I have met a high school student who uses Bitcoin to earn and started here in this forum. His earnings help him with his expenses. Down side is he is earning more on gambling not in straight trading.
And so we can define the bitcoin is really useful for every personality but I don't think more level than personality because will need more researching about that and in this time bitcoin is very useful for who is unemployment.

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September 12, 2016, 02:42:18 AM
 #57


For our financial future ... Bitcoin is a good chance for our economy, what do you think
Well, i just think it is time for me learn more about bitcoin and another cryptos coins and it is my chance for learning about trading on this forum. Maybe it will make my finansial will growing up, although it is needs time and yes bitcoin is my chance for my economic personality.
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September 12, 2016, 02:58:17 AM
 #58

I totally agree, bitcoin is really good for future especially in economic, bitcoin has help a lot of people to prevent more poverty and also bitcoin has provide so many chance of earning, like investing, trading, mining and other, so it can be said bitcoin already provide a job opportunity, so bitcoin is good for a person's economic and good for country's economic


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September 12, 2016, 03:00:25 AM
 #59


For our financial future ... Bitcoin is a good chance for our economy, what do you think
It is a good opportunity to us or in our economy bitcoin will help to grow our community too when economics use bitcoin as currency it will be more good to us who uses bitcoin it can be able to show some interest to those people who want a side line on internet where they can earn esimated 100$ a week or maybe more
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September 12, 2016, 03:32:23 AM
 #60

bitcoin is good for the economy.. the reason for this is that there will be faster transactions and we will have more security transferring money.. the only downside is that it has lesser fees than banks do.. which could affect our country's economy a little bit.. that's why some countries wont use bitcoin cos they cant get higher fees during transactions..
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