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Author Topic: Bitcoin is able to help the needs of our economy  (Read 3323 times)
radjie
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May 22, 2017, 08:06:39 AM
 #1

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?

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May 22, 2017, 12:55:58 PM
 #2

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?

Bitcoin can really help the economy if it being used regularly and by a huge number of population. The first group to benefit will be the merchants and businessman since bitcoin can boost their business by increasing the number of their clients both offline and online. The second group will be those income and job seekers online like me. Bitcoin can boost the business world as well as increasing the employment rate of the country.

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May 22, 2017, 01:30:08 PM
 #3

At this stage of development bitcoin is maybe so able to help the economy as it can to some individuals. For officialy entering the economic system it should fulfill some preconditions and should be fully accepted by governments which would be very hard. At the moment this isn't possible.
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May 22, 2017, 01:58:11 PM
 #4

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?
I have the same experience from bitcoin as an investor. I do make above my monthly salary from bitcoin. I think bitcoin can resolved most of the financial issue we are having currently. Fiat has cost inflation in our Economy and inflation lead to unemployment.

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May 22, 2017, 02:21:35 PM
 #5

At this stage of development bitcoin is maybe so able to help the economy as it can to some individuals. For officialy entering the economic system it should fulfill some preconditions and should be fully accepted by governments which would be very hard. At the moment this isn't possible.

As blockchain technology has been implemented in the international corporates, They are increasing security concerns in their busines using crypto programming. As Japan adopted bitcoin, They increase their economical status in digital banking future for sure. They will consider early adopter over the countries and make it as legal. I hope all of the developed countries catch the tail of bitcoin soon.


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May 22, 2017, 02:24:32 PM
 #6

To be honest, it's hard to see how it can help the economy right now, with the current problems it still has to fix. Get past the scaling problem and i'm sure we'll find more down the line. Now is not yet time time.

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May 22, 2017, 02:30:11 PM
 #7

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?
I have the same experience from bitcoin as an investor. I do make above my monthly salary from bitcoin. I think bitcoin can resolved most of the financial issue we are having currently. Fiat has cost inflation in our Economy and inflation lead to unemployment.

Earning a bitcoin will increase your economy, just by earning money from bitcoin, the money that circulating a country will be added making the GMP increase, also the economy. It maybe a good currency, but I don't think it will be the solution of the currency pronlblem of a cpuntry..

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May 22, 2017, 02:58:11 PM
 #8

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?
You say you are able to make amount in btv equivalent to your job, that's good! Bitcoin has made you sail till here. But expecting everything from others don't make sense.
Suppose you own btc, I own btc. Now its our duty to make its use on ground by accepting/giving payments in btc to each other. Only when btc could be brought to real use, it would contribute towards economy.
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May 22, 2017, 03:25:57 PM
 #9

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?

The issue has been discussed several times and had been put to rest concerning the economic importance of bitcoin especially in the area of personal finances which cannot be underrated. This is equally largely due to the activities being performed online and the amount of time available to pursue such endeavours and this in no small way helped a lot of people and this is particular to countries where the average cost of living is low compared to the amount of dollars they earn by the time its converted to their local currency.

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May 22, 2017, 04:03:55 PM
 #10

It's actually opened up multiple ways of earning micro income from online companies, freelancing jobs and other part time jobs and get paid without any jurisdiction restrictions so I agree with the OP that it has indeed helped our personal finances and the economy of our respective countries at large.

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May 22, 2017, 04:29:13 PM
 #11

Since I know bitcoin I wonder if bitcoin really can make a real currency.
Bitcoin IS real currency, as you now it doesn't need to have physical form to be real. Most of fiat money (more than 95%) is existing only in digital form anyway.
When you can spend bitcoin and buy/exchange it to fiat, then this is all that you need to confirm it usefulness.

But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?
It hugely depends on what you are trygin/can actually do. You can't get BTC for free from faucets or giveaways when 1 BTC = $2k you need to earn it.
The difference is what you can do to earn BTC, can you do: coding, writing articles, translating, helping people, trading btc and altcoins?
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May 22, 2017, 04:31:36 PM
 #12

To be honest, it's hard to see how it can help the economy right now, with the current problems it still has to fix. Get past the scaling problem and i'm sure we'll find more down the line. Now is not yet time time.

bitcoin does help already the economic problem, because with its deflationary nature, it help fighting the inflation also it keep the cost of the infrstructure related to money very low, because people would not use ATM like before or they would not use bank anymore and reduce overall cost of the banks, to pay the employers to maintain the bank secure and everything like that



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May 22, 2017, 08:04:17 PM
 #13

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?

Bitcoin can really help the economy if it being used regularly and by a huge number of population. The first group to benefit will be the merchants and businessman since bitcoin can boost their business by increasing the number of their clients both offline and online. The second group will be those income and job seekers online like me. Bitcoin can boost the business world as well as increasing the employment rate of the country.

Why would bitcoin increase the number of clients for a business?
It makes no sense.

It's just money that those clients would be using on something else.
Instead of drinking a cofee in a fiat only cash shop you drink it in an we accept bitcoin.

There is no growth there..

Again
How can bitcoin increase employment rate?

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May 22, 2017, 08:28:57 PM
 #14

I'd say the blockchain technology and idea is the most important thing. Bitcoin has done a great job as a virtual currency but it could potentially become a victim of it's own success in different ways. Creating a chain of independently verifiable transactions that store information may be especially powerful in services like medical or banking.

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May 22, 2017, 08:33:34 PM
 #15

Bitcoin can help your own needs as individual, but to earn Bitcoins something must be done, like any other way to earn money (fiat). If people would receive their wages in BTC surely it would be very helpful on long term, as BTC becomes more valuable each new day, but keep in mind for the currently rates you would receive the same amount you receive in fiat proportional in Bitcoins.

So, it can help you only on long term.

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May 22, 2017, 09:17:15 PM
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Bitcoin is the source of my livelihood, I depend on bitcoin, I am the only unemployed person sitting in front of the computer screen, very sad indeed, but I believe bitcoin can make my life better
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May 23, 2017, 01:04:10 AM
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Bitcoin has become more and more valuable, the first time when I knew bitcoin it was enough for my side income but now it almost equal with my salary and if it keep on increasing it will surpassed my salary, I think a lot of people has been invest in bitcoin and got a good extra income from bitcoin and this is a good things, if bitcoin can improved someone's life then more people will interested and join to used bitcoin

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mundang
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May 23, 2017, 01:23:16 AM
 #18

Bitcoin is the source of my livelihood, I depend on bitcoin, I am the only unemployed person sitting in front of the computer screen, very sad indeed, but I believe bitcoin can make my life better
Even i depend on bitcoin im unemployed ,a father,  and a farmer, i thought that  bitcoin can make my life better,but believing is not enough you must add hardwork to make your life much better.

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Yakamoto
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May 23, 2017, 01:50:00 AM
 #19

Since I know bitcoin I wonder if bitcoin really can make a real currency.
But that fact did indeed prove, I focus on finding bitcoin without leaving the actual job and it turns out that the results of finding bitcoin that I do bitcoin income almost equal to my salary income every month.
Whether bitcoin is able to help our economic needs especially increase financial income?
Bitcoin can help people make money close to that of a normal wage in some parts of the world, but it doesn't fix economies, no matter how badly you may want it to. If everyone in a country decided to swap to Bitcoin or cryptos in general, the rest of the infrastructure would experience degeneration as there would be no-one to operate on it.

Think of it like a high-skill job (even though it really isn't) since there have to be fewer of them and more lower-wage jobs to keep a country on its feet. You won't fix a country's economy through solely Bitcoin or cryptos, potentially ever.














 

 

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Sled
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May 23, 2017, 01:58:50 AM
 #20

Bitcoin can really helps our economy because it will help the money transfers even more transfer and also with a cheaper fees than the traditional money transfers available. Bitcoin can also help the economy because of its being decentralized so there will no corruption that will happen because bitcoin cannot be controlled by someone or organization.

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