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Author Topic: Bitcoin can less the unemployment rate?  (Read 14431 times)
YinShuiSiYuan
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March 07, 2019, 05:33:32 PM
 #181

Yes, I believe that Bitcoin and cryptocurrencies generally can decreasing the unemployment rates around the world, because the blockchain technology already opened the doors for so many people to start their startups, or working with trading and earning their living.
There are many jobless people working full time with cryptocurrencies nowadays.

Bitcoin will not make unemployment disappear in a miraculous way. This is a wider problem related to the economic situation of countries. The reduction of unemployment is influenced by government decisions, construction of infrastructure or attracting investors creating jobs. Cryptocurrencies should rather be treated as an additional source of income.

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March 07, 2019, 06:12:02 PM
 #182

Yes, I believe that Bitcoin and cryptocurrencies generally can decreasing the unemployment rates around the world, because the blockchain technology already opened the doors for so many people to start their startups, or working with trading and earning their living.
There are many jobless people working full time with cryptocurrencies nowadays.

Bitcoin will not make unemployment disappear in a miraculous way. This is a wider problem related to the economic situation of countries. The reduction of unemployment is influenced by government decisions, construction of infrastructure or attracting investors creating jobs. Cryptocurrencies should rather be treated as an additional source of income.
That's the clear statement, it'll not lessen the unemployment prevailing on each and every country around. Unemployment is a something that needs to be taken under consideration by the governments and make plans to eliminate unemployment. Cryptocurrency doesn't have the technical growth to do this. The technology behind cryptocurrency itself a way making things automated through which employment opportunities were decreased.

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March 07, 2019, 06:17:25 PM
 #183

Given that most of people already  have access to internet, Computers and etc.,  I still can't see the possibility of it. First, Cryptocurrency isn't really made for working (as per assumption) most likely it will be much more consider as an investment. Second, Let's the 70-80% of this unemployed have no interest to know Bitcoin. Third, Habitual usage, we are in a digital era, in which social media is much more needed. Fourth, Bitcoin is not that user friendly type of industry to engage with, one must invest time just to understood it and an effort to learn it and commitment to live with it.

Unemployment is like poverty, it's a curse that seems to have no cure.
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March 07, 2019, 07:28:01 PM
 #184

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
some countries are actually adopting cryptocurrencies into there financial system and that is good for job creations.  I know many people from my country that are now rich through investing in cryptocurrencies and some of them has established good business and employed many unemployed youths.
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March 08, 2019, 12:34:36 AM
 #185

Here in our country bitcoin is legal and i believe also that it can help people without any stable jobs but still earn money through cryptocurrencies like bitcoin where in people can benefit from by investing or by earning from it. Bitcoin can reduce unemployment rate of a certain country if most people is doing for a living.

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March 08, 2019, 02:29:14 AM
 #186

Here in our country bitcoin is legal and i believe also that it can help people without any stable jobs but still earn money through cryptocurrencies like bitcoin where in people can benefit from by investing or by earning from it. Bitcoin can reduce unemployment rate of a certain country if most people is doing for a living.
That's good, it will somehow help but will not really solve the big problem unemployment.

Only among all the unemployed people will be able to earn crypto as this is quite new to them and the terms is not easy to comprehend.
Most people would love to work for a simple job and they are unemployed since the competition is high and probably they have lower qualification compared to others.

 
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March 08, 2019, 02:56:07 AM
 #187

It can give the opportunity to make money but it not to be considered as a permanent job since the market condition is very unstable so you may go into losses for years in this market and not a traders can't generate profits.
I think for the long term it can, but for the short term it cannot reduce unemployment, because as a currency its main function is as a means of payment. Means not creating jobs.
Bitcoin as a digital currency is predicted to be more resistant to recession and inflation, so that the government in carrying out development programs has strong financial fundamentals, which in the long run will absorb a lot of labor.

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March 08, 2019, 03:06:38 AM
 #188

It can give the opportunity to make money but it not to be considered as a permanent job since the market condition is very unstable so you may go into losses for years in this market and not a traders can't generate profits.
I think for the long term it can, but for the short term it cannot reduce unemployment, because as a currency its main function is as a means of payment. Means not creating jobs.
Bitcoin as a digital currency is predicted to be more resistant to recession and inflation, so that the government in carrying out development programs has strong financial fundamentals, which in the long run will absorb a lot of labor.
for now I think many are earning income from cryptocurrency. with the bounty campaign, it can provide jobs for many people, besides that by mining bitcoin can provide income as well

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March 08, 2019, 03:28:54 AM
 #189

Here in our country bitcoin is legal and i believe also that it can help people without any stable jobs but still earn money through cryptocurrencies like bitcoin where in people can benefit from by investing or by earning from it. Bitcoin can reduce unemployment rate of a certain country if most people is doing for a living.
if you give a bitcoin statement that can provide unemployment, then that is the wrong answer because when many people already understand the workings of cryptocurrency trading they will choose to trade cryptocurrency and finally make a lot of unemployment because they prefer to leave work and trade .
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March 08, 2019, 03:53:07 AM
 #190

Investing in  bitcoins is a good option as there are possibilities for the price of bitcoins to hit 1 million US Dollar which will be a fruitful time for all the bitcoins investors. I will not say that bitcoins can decrease the unemployment rate but still it has the potential to provide a source of income to its investors and if any company offers bitcoins in exchange of work done then also this unemployment issues cannot be avoided. Bitcoin has the ability to reduce poverty but unemployment cannot be wiped out from as all are not thinking alike and needs more and more time for people to get to understand the technology and accept a new technology.

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March 08, 2019, 04:52:27 AM
 #191

Bitcoin cannot directly reduce the rate of unemployment but blockchain based projects is reducing the rate of unemployment already. Blockchain developers are needed all over.
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March 08, 2019, 04:57:56 AM
 #192

Well that would also depend on what jobs it'll make possible. For example, it can be used to pay freelancers or support online content creators. I think it could make outsourcing a bit easier and people could opt to do stay-at-home jobs.

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March 08, 2019, 06:09:50 AM
 #193

Before I enter a bitcoin we already know its rules of regulation and we know that bitcoin can be a fulltime job or second job, so there is no connection with bitcoin drop in unemployment. in case the bitcoin rate is lower for me does not have to stop a job just because the rate of btc drops. it is really just a long-term patience to achieve a success and you will not lose a job due to a decrease in a bitcoin rate. just keep on dreaming
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March 08, 2019, 04:40:47 PM
 #194

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
Bitcoin can be applied across countries, but to reduce unemployment is impossible. The bitcoin job is IT, miners, blockchain experts, etc., and the amount of work created is very small. It doesn't solve anything about unemployment. Bitcoin is a currency, not a job. I think you misunderstood the concept of Bitcoin.

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March 08, 2019, 04:55:16 PM
 #195

Before making crypto as a job then realize crypto is very turbulent, it can indeed be a source of income but even better if you have a real job.

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March 09, 2019, 01:20:23 AM
 #196

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
Of course yes. Right now, Bitcoin's Blockchain allows us to transact in different place/countries without the intervention of the banks. By this means, more transactions can happen which means more business can grow trough this technology therefore more jobs will be offered.

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March 09, 2019, 03:16:23 AM
 #197

Do you believe that the adoption of bitcoin in every country can less the unemployment rate? As what I have observed most of the countries right now are accepting bitcoin as a payment method. Is there a possibility that crypto will be legalized and become as a legal job also?
Bitcoin can be applied across countries, but to reduce unemployment is impossible. The bitcoin job is IT, miners, blockchain experts, etc., and the amount of work created is very small. It doesn't solve anything about unemployment. Bitcoin is a currency, not a job. I think you misunderstood the concept of Bitcoin.
As we all know, crypto jobs isn't for everybody especially when you are limited on resources just like money, internet and so gadgets. It is reall hard for them to adopt the system cause its all about in online system which they aren't able to have.
So numbers of unemployment will not remain that huge but may crypto will help them if they really wanting to take and risk and spend time in here.
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March 09, 2019, 03:43:59 AM
 #198

I agree. with the current crypto currency, we can get jobs and be able to make money from crypto currencies. we can get income even though we don't have capital. we can follow airdrop from an ico or campaign from an ico to be released. we can also mine or trade crypto if we already have capital. so the opportunity to earn more income since the crypto currency is present in the world.

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March 09, 2019, 03:51:14 AM
 #199

Bitcoin cannot directly reduce the rate of unemployment but blockchain based projects is reducing the rate of unemployment already. Blockchain developers are needed all over.
I strongly agree with you because the use of blockchain that accompanies bitcoin technology can increase efficiency in all areas of life so that the company can run optimally. The relation with labor is in terms of the use of labor to be increased because the finances of the company are healthy and can establish other subsidiaries which directly increase the workforce.
If the person is unemployed and is in the business of the bitcoin  automatically it is no longer an unemployed, but a trader where the item traded is bitcoin

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March 09, 2019, 05:07:56 AM
 #200

In terms of reduction, of course, it can be done with a lot of jobs being a side here. become a trader or become a bounty hunter. there is still a lot more work to be done now
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