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Question: Could bitcoin do physical products?
No - 7 (70%)
Yes - 3 (30%)
Total Voters: 10

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Author Topic: Bitcoin can decrease economic development  (Read 1743 times)
BitGunner
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September 09, 2018, 01:37:09 PM
 #61

I think that you should think of your personal development and then the economic. But in my opinion, it is not the 100% guarantee that btc will bring the economic development to the country
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September 09, 2018, 03:06:44 PM
 #62

I think bitcoin does not cause a decline in the economy. Bitcoin is very helpful in the economy. Bitcoin does not affect everyone's work because what people need is a device to use bitcoin. Bitcoin has no reason whatsoever that will make the economy fall. Bitcoin is very profitable in a country, the government is only afraid because they cannot control it.
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September 09, 2018, 06:33:41 PM
 #63

Decrease ? Hmm i dont really think so . i dont see any disadvantages of bitcoin on why it can decrease the development of the economy of a country .  

Bitcoin can rather help the economy of a country to develop more and more due to the fact that bitcoin helps people to find a career online . many unemployed people are now have a job because of the influence of bitcoin .

Bitcoin also helps people to save time and money when transfering money here and abroad .

That is only few of the reasons that i can think of on why bitcoin is helpful and not a hindrance to us .

You only see what your eyes want to see

If Bitcoin helps people earn money online, it doesn't mean it can help economy in a major way. The declared purpose of Bitcoin (as per Nakamoto) to be a means of payment. A good means of payment means a lot to the economy, that's why money is said to be the blood of the economy. The smoother it flows, the less obstacles it meets, the better the economic organism feels. In this way, if Bitcoin, or any other coin, is going to help the economy big time, it should be way better than fiat. And if it really were, it would have already substituted fiat money, at least in those countries which don't have their own money (there are a few such in the world)
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September 09, 2018, 06:41:45 PM
 #64

It depends on the countries who already accepted it. But be sure of a define growth instead of a lose. Countries have seen bitcoins growth and they know the benefits of accepting it. Countries were developed with its support. Especially the citizens are really earning will in crpto platform. I dont see the economic growth getting spoiled because of bitcoin or because of any other crypto currencies. This is the reason we do see bitcoin is getting acceptes slowly.

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September 09, 2018, 08:58:33 PM
 #65

Every work has it own benefit, you may characterize it as being a hard or tedious work, but know that the work these people do have being a source of help to many. The only thing that we should be hoping for is that they should embrace the new technology; blockchain for improvement. But it's unfortunate cause not every country could embrace or afford it.
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September 10, 2018, 09:56:58 AM
Merited by el kaka22 (5)
 #66

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
That is B.S. No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

There will still always be these things in place and it is not like every single person will just concentrate on acquiring bitcoin since it is not like you can end up acquiring it for free.

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September 10, 2018, 10:10:07 AM
 #67

the first reason is because bitcoin is not taxed. if you do an import / export transaction, the goods use bitcoin, meaning that the country does not get tax benefits from the transaction. it clearly makes the country's economy decline. not only bitcoin, but all online businesses that are not taxed will be the same.

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September 10, 2018, 10:54:35 AM
 #68

Passion from every people will not always be same so nothing to worried about this situations because i'm pretty sure even though farmers or fishermans know bitcoin and can able to earn money from it but they still do their main jobs because some of them can satisfied their life with do the jobs they liked it
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September 10, 2018, 11:00:08 AM
 #69

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
That is B.S. No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

Based on your post, should I conclude that drug trafficking, for example, is definitely a good thing for the society at large because drug lords (folks like Pablo Escobar) who first earn insane amounts of money by smuggling drugs, may then invest all this money in respectable businesses (like construction of houses), thereby creating many new jobs, and that is absolutely a development economically as far as you are concerned?

Long story short, are you sure that means always justify ends?
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September 10, 2018, 11:39:31 AM
 #70

I do not worry about it at all, whether the farmers left their business and became a brokers with the appearance of the stock market, they are not of course. Crytpo creates a totally new generation of investors whose success requires high-tech training.
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September 10, 2018, 11:59:06 AM
 #71

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.
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September 10, 2018, 12:12:02 PM
 #72

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.

That largely depends on how much you have in your stash

It is not uncommon for people to leave their as hateful as despicable jobs and live off their investment earnings, though not necessarily coming from crypto. Anyway, some people like Warren Buffett and his sidekick Charlie Munger have been doing that through their entire lives, so why can't you really? In the worst case scenario you can always return to what you had been doing before you embarked on the investment journey. But people rarely return as they build their own savings funds and don't need to work their asses off to sustain themselves
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September 10, 2018, 12:33:27 PM
Merited by el kaka22 (5)
 #73

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
Lol, you should never worry about what people are saying here,... There are lots of crazy people here and they just say whatever that jumps into their mind. They don’t even make research, that’s what pisses me off the most, they just come here to write whatever they want to, the way they feel.

I have seen some of them make predictions like they are able to tell the future but by the end of day it was never what they predicted that happens. People are never going to abandon their jobs just because of Bitcoin and Bitcoin is not meant for everyone except for those who are investors.
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September 10, 2018, 12:47:44 PM
 #74

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
you think too far. someone who already knows how to get bitcoin is unlikely to leave real-world work. because they think if bitcoin is just a long-term income it can't be made a steady income. because they need to meet their daily needs.
I am a teacher and I also look for bitcoin but do not leave my job. because I think number 1 and bitcoin real world jobs for the future.
yes you are right, bitcoin really helps the income of everyone who uses it, but as you say, you must still have a job in the real world, because the process of earning income from bitcoin is long-term, and don't be too careful that you can succeed just because have bitcoin. bitcoin can also go down anytime, so you have to be vigilant, and don't be too serious
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September 10, 2018, 02:33:42 PM
 #75

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.
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September 10, 2018, 02:47:08 PM
 #76

Do you every consider why the recession of 2008 happened or back in 1929. at those time no bitcoin has any existence. i think that Bitcoin will emerge when all the world is going to face massive recession and it is not to far. currently the currency war is at its peak, majority of nations are now fed up with Dollar controlled economy, so they are searching the ways to shift the dependency to some other source and currently they have some hope in Bitcoin and other crypto currencies.
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September 11, 2018, 06:56:20 AM
 #77

No sane person will simply want to put all their eggs into one basket and I am sure most of the people that invested earlier into cryptocurrency and have been able to get rich through that must have been able to find other avenues to invest their money, which apparently could have created more jobs and as far as I am concerned, that is absolutely a development economically.

There will still always be these things in place and it is not like every single person will just concentrate on acquiring bitcoin since it is not like you can end up acquiring it for free.
I believe  we are forgetting that the real purpose of bitcoin was to become a digital currency, which in itself means that the things you worry about is the things bitcoin is trying to achieve. Back in the day bitcoin was suppose to be a currency and used for buying and selling instead of trading to make money. In these days people are buying bitcoin and selling to make money and that makes you wonder if bitcoin can sustain or even hurt the economy but the economy had all the time to prove its going good however it is not, bitcoin is here to solve that problem and give the control to people.

I have seen some of them make predictions like they are able to tell the future but by the end of day it was never what they predicted that happens. People are never going to abandon their jobs just because of Bitcoin and Bitcoin is not meant for everyone except for those who are investors.
Yes, those who quit their regular job for the reason of some other passive income generation, must be just the lazy ones and those people should not be considered for the measurement of how bitcoin is going to impact the economic development of one country.


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September 11, 2018, 07:07:03 AM
 #78

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.
right. of course everyone has their own skills, and they will be comfortable with that world. we know that bitcoin users are only 1%, so there are still many who are loyal to their initial work

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September 11, 2018, 07:14:04 AM
 #79

the more days how to get bitcoin is no longer easy. I am sure people will think they need large enough capital to be able to have bitcoin. Only creative people can see opportunities through bitcoin, they must have innovation so they must be willing to follow modernization. If the people who reject this, I'm sure they will be left behind

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September 11, 2018, 09:12:02 AM
 #80

Being worried about this new era. We are bound to digital worlds and forgotting the needs of our physical world.

If our farmers, fishermen, and other workmans that focus on agriculture would know how to gain bitcoin, will they still do their profession? However to some country, this is not a profession but a job to earn money. And if they learn about bitcoin, will they be able to continue earning from their hardworking jobs?.

What can you say about this?
But why would farmers stop doing their job just because they became familiar with cryptocurrency market? Do you mean that they will leave their jobs to do the full time crypto trading? Come on, dude, I don’t think so it is possible. First, cryptocurrency trading as a means of daily income is very dangerous. Second, one needs to be a literate person, with good analytical and technical skills and some experience to trade profitably in the market. I don’t think so that farmers would give up their job for crypto.

This is technically impossible, i.e. everyone trading and making profits. In real world, only a few selected percentages of traders are actually earning enough to provide for a living. The rest are losing in the end, and things are not going to change radically if everyone and his grandma start trading, be it crypto or anything else. So farmers, millers, fishers, or whoever will eventually get back to their profession and their jobs after they burn their fingers and lose some money. In fact, something like that actually happened in 1929 when common people started to speculate on the US stock market. What it ended with is very well known

It ended with a disaster
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