Will crypto solve socioeconomic problems?

[daarul50]

Even though bitcoin is said to not be a solution to the problems of the world economy, at least bitcoin can be an option to overcome some problems in the world economy. Bitcoin is a trading asset as well as gold, silver and others. If bitcoin is used to buy and pay for something then bitcoin is considered a digital currency but the transaction system is an exchange where an item is exchanged with bitcoin according to the condition of the price of goods and the price of bitcoin at that time. Bitcoin can also help a country's economy as long as the country makes clear regulations regarding bitcoin usage and transactions.

[entebah]

I think Crypto is able to solve the economic problems of the world community who know Bitcoin and how to get it. Because Bitcoin in every year always increases and increases, this is a great opportunity to make a profit.

[hotimbineh]

economic growth of a country is influenced by many elements and one of them is security, the difficulty and high cost of transaction between countries and if bitcoin and others can be made as a transaction tool received by many people of course this is very helpful for the stability of economic growth because of bitcoin and crypto is very easy to use and low transaction costs

[BennyK]

Cryptocurrency has contributed significantly to the world's socioeconomic status. And it will do better if it enters the mainstream adoption. Crypto offer many opportunities such as investment and job opportunities. Example of the job opportunities include project development, mining, bounty management and bounty hunting etc. These help to raise the socioeconomic status of a country where cryptocurrency and its activities can be practiced legally.

[iMark]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

Cryptocurrency have help a lot of people who does not have any source of income, so they could provide the basic needs of their family. And I think crypto can really help socioeconomic problems like poverty, corruption, unemployment and lack of funds.

if it is related to financial benefits it can certainly affect the economic of an individual, but the effect can also be negative right,
because there are risks that each individual faces when trying to invest in crypto

[Robotbitcoin22]

I think Crypto is able to solve the economic problems of the world community who know Bitcoin and how to get it. Because Bitcoin in every year always increases and increases, this is a great opportunity to make a profit.

This is not an economic problem to do the nature of investment, where every year there is an increase because it is natural to have a limited amount and people are interested in buying it, so there is an increase

[Kimonoe]

I think Crypto is able to solve the economic problems of the world community who know Bitcoin and how to get it. Because Bitcoin in every year always increases and increases, this is a great opportunity to make a profit.

This is not an economic problem to do the nature of investment, where every year there is an increase because it is natural to have a limited amount and people are interested in buying it, so there is an increase

but not always every year increases. it was proven that last year there was a severe dump. but I think how do we take advantage of the opportunity to make a profit. if we want to hold it for a long time it will certainly be better

[laredo7mm]

It won't be because bitcoin also has a high risk, I don't imagine this instrument will be an economic influence that can cause a crisis in a country if it is wrong in making a decision hence from that now many countries are also still conducting assessments on bitcoin

[LUCKMCFLY]

In some nations where inflation is overwhelming, bitcoin turns out to be the best way out for many people operating in the market.

 The explanation is simple: if in any country where there are economic problems, such as inflation, so bitcoin suffers a price fall, it will still be superior to the economy, since it is a technology that is deflationary.

Some people from countries with economies totally destroyed as in Venezuela, many people live of Bitcoin, and it is their only source of work, for this, I affirm that Bitcoin does solve the socio-economic problems for people who know how to work with cryptocurrency.

In the countries of the first world, perhaps represents a not so attractive alternative, since they have economies of great prosperity, the positive thing of Bitcoin is that it represents an economy that moves by the supply and the demand, that is not controlled by governments or third, this means that it represents an exit to obtain financial freedom at a socioeconomic level.

[MonaLeeTracy]

I think Crypto is able to solve the economic problems of the world community who know Bitcoin and how to get it. Because Bitcoin in every year always increases and increases, this is a great opportunity to make a profit.

for my opinion crypto is certainly difficult when it comes to solving a problem that occurs in the world of economy. the problem is that the world of the economy with the crypto world is very different. so if crypto solves economic problems it certainly takes a long time, and this is not a crypto task either.

[karanggatak]

I do not think so. because the socio-economic problem concerns many things. and bitcoin is just a virtual coin created to avoid inflation and monetary. bitcoin can only provide job opportunities for unemployed people. and this is only a few percent of the total population. the government must be able to solve the socio-economic problems of its citizens.

[romero121]

In some nations where inflation is overwhelming, bitcoin turns out to be the best way out for many people operating in the market.

 The explanation is simple: if in any country where there are economic problems, such as inflation, so bitcoin suffers a price fall, it will still be superior to the economy, since it is a technology that is deflationary.

Some people from countries with economies totally destroyed as in Venezuela, many people live of Bitcoin, and it is their only source of work, for this, I affirm that Bitcoin does solve the socio-economic problems for people who know how to work with cryptocurrency.

In the countries of the first world, perhaps represents a not so attractive alternative, since they have economies of great prosperity, the positive thing of Bitcoin is that it represents an economy that moves by the supply and the demand, that is not controlled by governments or third, this means that it represents an exit to obtain financial freedom at a socioeconomic level.

What's been mentioned isn't possible in reality. How many people in a country could earn crypto or bitcoin and make their living. Even with people who know to work with cryptocurrency the socioeconomic problem won't get to an end. When opportunities were there people earn, rest of the time what will they do for their earnings. Socioeconomic issue is a much bigger issue and it can't be sought through technology, the only possibility is through the combined development from the governments functioning around the world.

[bitzizzix]

Maybe you mean if the person is involved with cryptocurrency, if everyone is involved or joins a cryptocurrency and uses bitcoin, I think that's possible.
and as I see most bitcoin users live their lives for the better, especially in their economic and financial fields, and at least get extra income from cryptocurrency or bitcoin and but all depends on how many coins they have and big or small they have if they use wisely will be able to overcome or resolve their socio-economic conditions. and we must realize that cryptocurrency or bitcoin means a lot to us all in everything.

[syamster]

I think Crypto is able to solve the economic problems of the world community who know Bitcoin and how to get it. Because Bitcoin in every year always increases and increases, this is a great opportunity to make a profit.

This is not an economic problem to do the nature of investment, where every year there is an increase because it is natural to have a limited amount and people are interested in buying it, so there is an increase

but not always every year increases. it was proven that last year there was a severe dump. but I think how do we take advantage of the opportunity to make a profit. if we want to hold it for a long time it will certainly be better

Crypto currency has volatile nature, it is all about the user that how they look and how they prefer using it, I am happy that this year price has started to rise because I am one of those who took 2018 as purchasing for low price to store and now 2019 will be selling year for huge profit making strategy so I am happy crypto makes my finances grow for better.

[whirlcoin]

If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?

I don't hear any news about cryptocurrency is made some changes in the economy and it is not the work for Bitcoin because Bitcoin is made for the payment instead of the normal currencies but coin also been a good payment method otherwise it will not helpful for any changes in the economy.