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Author Topic: Bitcoin Can Be A Savior!  (Read 2672 times)
gabbie2010
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December 02, 2017, 10:59:24 AM
 #21

Bitcoin is  indeed a saviour not only in those aforementioned countries in Africa countries like Nigeria, South Africa where bitcoin is used as an alternative means of payment for transactions due to it's decentralized feature and it is not compulsory necessary to buy btc, services  such as programming, graphic designs e.t.c can be offered online and paid with btc which has equally become saviour in countries with high rate of unemployment.

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December 02, 2017, 11:22:35 AM
 #22

Is not even only when there is political or economic crisis in a country that bitcoin play the vital role, even in a stable economy bitcoin is still playing a major role in the financial life of the citizens like in the UK, USA.
Bitcoin is now adopted as the secondary currency of the modern society and many of the blockchain, investors, mining farm's and upcoming ICO are mostly from developed countries why am saying this is to correct the notions that bitcoin is helping only the economic life of countries that are politically or economically unstable. Bitcoin is a universal currency that is transforming the financial life of the whole world.

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December 02, 2017, 11:46:38 AM
 #23

In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties.

During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown.

In Venezuela and Zimbabwe, yes bitcoin is a saviour during the economic recession due to political instability, in order to make some payments or just convert it into local currency. Bitcoin is free from inflation which devalued fiat currency, that's why it's a perfect money. We can't deny the advantages of bitcoin is suitable to transact across the world, send money as easy as sending an email.
Bitcoin meant to be an alternative currency, not to entirely replace every fiat currency in this world, so we hope governments do not ban it and regulate cryptocurrency as an asset or commodity as it can be our savior someday.
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December 02, 2017, 03:47:44 PM
 #24

Yes of course,but it depends. bitcoin can save people in terms of financial situation.using this bitcoin we support our needs everyday but not at all..before you do this you need internet and gadgets.if you don't have that you can't earn a coin to convert into money if you needed it to exchange.

Internet and gadget or pc will be everywhere since this is global economy.
Bitcoin is best thing to solve economy problem in every country so we have to thank to bitcoin as it become savior.

Yeah,everywhere can we use PC but what about the unknown place?undescoverd country that don't have internet access do you think they do this kind of currency if they don't know what is bitcoin?bitcoin can be a savior to those people have already known how to use this in their daily needs.
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December 02, 2017, 04:49:38 PM
 #25

Yes, it is my expectation to get me out of the poverty I'm suffering now. So let's keep our bitcoins on hold because of the huge benefits we can get here.
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December 02, 2017, 05:14:22 PM
 #26

Isn't it one of the main reason why Bitcoin is created? So that we can be free from a manipulating financial system and government. Adopting bitcoin to our lives gave us freedom from all interfering entities like banks, government and etc to each of our important transactions. We have achieved leniency through this which allows us to earn, store and spend whatever way we want. Bitcoin helped a lot of us on financial crisis so it is just right to consider it a SAVIOR in a way.

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December 02, 2017, 05:17:13 PM
 #27

Bitcoin can indeed save a lot especially those that are still unemployed. We all know that a lot of opportunities for bitcoin is growing especially as people start to invest from small amount into gaining a higher value in time. It saves people from economic slavery and it helps people grow their resources as well.

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December 02, 2017, 05:50:33 PM
 #28

Yes it can. It obviously works too, because it's being used real time, in actual real life conditions. Should our economies fail us, we know we have Bitcoin to fall back on. I'm honestly quite surprised how well it has been working out for them though. I mean, obviously, Bitcoin isn't their only option to escape hyper inflation. They can just as easily buy USD or gold, for example. I understand that this is where Bitcoin's decentralization comes into play though. Their governments could be limiting their citizens' access to gold and USD, making Bitcoin much more accessible. It's the perfect use-case for oppressive governments.

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December 02, 2017, 07:17:36 PM
 #29

These are extreme cases and yes it is a safe haven in those places but that is not what bitcoin is used for by majority. Those places probably make a small amount of the total volume but nonetheless it is good for humanity to be able to turn to something else when a corrupt government turns their back on their own people. Quite sad honestly but I am glad they have an outlet to utilize Smiley

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December 02, 2017, 07:42:56 PM
 #30

That’s what most of us think and I think it is the most likely scenario but don’t forget that we haven’t had a major global crisis since bitcoin was launched.

During crisis people tend to cash in their assets because they don’t have enough liquidity and if we had a major crisis soon this could happen with bitcoin as well, as people have very few options to spend it directly, without converting it into fiat.

thats a great point mate,we only think of all the positive aspect on how and what
bitcoin giving us,but the other side of this still shaded on our eyes,just like a electricity
theres always a negative and positive to produce power..what im saying is what if mate
is right?if world wide crisis comes and panicking is all users do?what till happen to other
users that has no access of be affected of the situation?thats the other side we all user
must be aware
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December 02, 2017, 08:07:58 PM
 #31

In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties.

During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown.

In Venezuela and Zimbabwe, yes bitcoin is a saviour during the economic recession due to political instability, in order to make some payments or just convert it into local currency. Bitcoin is free from inflation which devalued fiat currency, that's why it's a perfect money. We can't deny the advantages of bitcoin is suitable to transact across the world, send money as easy as sending an email.
Bitcoin meant to be an alternative currency, not to entirely replace every fiat currency in this world, so we hope governments do not ban it and regulate cryptocurrency as an asset or commodity as it can be our savior someday.
For those countries being mentioned i would say that Bitcoin is indeed a savior regarding into their state of financial.I agree on the thing you do said that Bitcoin is free from inflation which it is really capable for it to be used regarding on these kind of situations.It cant really be considered as a global currency but somehow would really be a good alternative and yes i would say it can be a savior.

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December 02, 2017, 08:11:53 PM
 #32

It seems to me that bitcoin will not become a Savior. For us it will be only a temporary reprieve. Bitcoin can not always please us with higher prices. Someday this tale will end. So you need now to enjoy our freedom. Maybe for someone this will be a launching pad in life.

 
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December 02, 2017, 08:34:03 PM
 #33

Bitcoin is indeed a savior since it is providing a chance for lots of people around the world that their current society or government wasn't able to provide for them . Lots of people are making a living through bitcoin or sending/receiving money thanks to it because they simply can't get the privilege of having a bank account. And thanks to bitcoin they can transfer money or even work and get paid in it then transfer it to their local currency .
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December 02, 2017, 08:34:58 PM
 #34

Maybe the word savior sounds too strong but bitcoin can definetely help people to overbridge some financial issues. I'm one of those who has used all benefits that bitcoin gives. At this moment this can't be said for countries, for that regulations and total change of system is needed.
But for people who were "saved" by bitcoin there could be a trap because sometimes people then rely themselves too much on bitcoin forgeting that it's very volatile and that some wrong decisions and investments can lead into troubles instead in helping the problem.

malaj
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December 02, 2017, 09:42:33 PM
 #35

It seems to me that bitcoin will not become a Savior. For us it will be only a temporary reprieve. Bitcoin can not always please us with higher prices. Someday this tale will end. So you need now to enjoy our freedom. Maybe for someone this will be a launching pad in life.

No one can really know about the future of bitcoin but for those people who already saved by bitcoin are surely happy and rich right now. Bitcoin is a savior years ago, and hope that bitcoin will last forerver.
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December 02, 2017, 11:10:03 PM
 #36



In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties. This has become of the inspiring roles Bitcoin has been playing for some number of people and I think as time goes on this role can be magnified in other parts of the world as well.

Now, what is this telling us. One thing for sure: During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown.

Bitcoin can indeed be a savior!

Well, that's right.
Furthermore, if bitcoin can be a savior, whether bitcoin can save itself?.. from government pressure!.
Then, I was unsure whether my bitcoin would actually come with me, when i die and go to heaven?...

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December 02, 2017, 11:19:21 PM
 #37



In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties. This has become of the inspiring roles Bitcoin has been playing for some number of people and I think as time goes on this role can be magnified in other parts of the world as well.

Now, what is this telling us. One thing for sure: During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown.

Bitcoin can indeed be a savior!
I agree in part with this, but there is a big issue the crisis of those countries have been local, we are yet to experience a world wide crisis, will people sell their bitcoin and buy more solid assets like gold or others, or will people flock to bitcoin seeking a way to escape the fiat system, that is a question from which we do not have an answer yet but that we are going to find out eventually.
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December 02, 2017, 11:50:47 PM
 #38

This will be dependent on how you use bitcoin, if you use bitcoin on gaining profit and you take good care of your bitcoin now, bitcoin will take good care of you in the future, now that we are seeing bitcoin going up, there is no doubt, that bitcoin will continue to grow, despite the negatice news we are hearing, as we can see from other countries that sa fiat with a very low value, they are not totally dependent on bitcoin, but certainly, having bitcoin makes the feel financially secure, and as well for the other developing countries, and developed countries, only gives them more profit and make their citizens, richer than before, depending onnhow the invest.
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December 03, 2017, 12:31:33 AM
 #39

Bitcoin is  indeed a saviour not only in those aforementioned countries in Africa countries like Nigeria, South Africa where bitcoin is used as an alternative means of payment for transactions due to it's decentralized feature and it is not compulsory necessary to buy btc, services  such as programming, graphic designs e.t.c can be offered online and paid with btc which has equally become saviour in countries with high rate of unemployment.
Yes exactly, not only for those mentioned above but basically it is a saviour for those individual who are burry in financial debt and struggling for financial battle, by participating in any campaign that can earn bitcoin and i am a witness for that because i was undergone on that situation.

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December 03, 2017, 12:35:46 AM
 #40



In specific countries like Venezuela and Zimbabwe, Bitcoin is working as a savior for the many as their respective economies and political systems have been rocked by turmoil and uncertainties. This has become of the inspiring roles Bitcoin has been playing for some number of people and I think as time goes on this role can be magnified in other parts of the world as well.

Now, what is this telling us. One thing for sure: During economic and political distress Bitcoin can be the best tool for people to survive economically as well as to protect their remaining assets from being swallowed by the government-sponsored economic meltdown.

Bitcoin can indeed be a savior!
bitcoin is totally savior to all people because theres a lot of people is still unemployed bitcoin is always there to save people to poverty but i think this bitcoin is only for people who have a skill like speaking english because you dont get money by just joining in some sevices because they required english languange.
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