Economic situation around the world and Bitcoin

[alexsandria]

Do you think this Economic situation will push More People into Bitcoin?

Venezuela economy situation made the government start accepting bitcoin. So, yes! It could be Venezuela government are starting to recognize bitcoin's potential to lift and lessen the economic crisis happening around Venezuela. Truly bitcoin could be a tight rope for opening a new path towards economic growth which blindedly opposing by developed, and partially developes countries.

China USA  trading?  Do you think that has impact too?

China stand point is basically a wall. Government were not even changing decision, they totally opposed bitcoin.

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[agentx44]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Venezuela is clearly showing its acceptance and tolerance in terms of the use of crypto and I think it is making a huge impact on its economic situation. We can all see how influential crypto had been for the past few years and it would be best if we keep on patronizing it to influence more people into it. Big countries like China is not yet in good terms with bitcoin really but I think the transactions and trading happening in there is making a huge impact not only on its economy but also in the global economy too.

[Ejanend]

In times of severe crises, most people tend to lose money because they do not think about any assets to save money. Many simply have nothing to put off in case of crisis. Those who have capital and want to save money in most cases choose proven methods, such as buying gold, for example. I think few are willing to buy Bitcoin, due to its strong volatility.

That is true and this is the reason why we are taught to do savings. Money saved during good times help to survive in bad times and this cannot be denied also that time never remains same. Moreover, what can be better than saving money in such a form that if after years you look at that amount, it is twice or thrice greater. I am talking about bitcoin here. Save money in the form of this digital asset.

[sirminesalot]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

maybe all that can happen with the development of the era and technology and cryptocurrencies are created to meet the development of technology and the economy especially if the crypto currency has been legalized by the government as a currency that applies throughout the world of legality is something that is needed in the development of these currencies

[huu78]

In my opinion, bitcoins are now popular where many countries allow adopting bitcoins. may have an impact on future Bitcoin prices.
But if there are still many scams in crypto I think not. investors, as well as people who are new to the know, will be afraid of it.

[Polo7]

Only problem with Bitcoin  is the Volatility.

Today You sell Something 500 tomorow You Got Only 300 left.  Value.

I Think one day the btc Will have stable value one day When Fiat currency  Will be worthed less

[erickastella]

yes of course, technology is developing rapidly, and so is the transaction tool, in my opinion some countries will also adopt the bitcoin system, for example Indonesia, which has legalized bitcoin because they already know the potential of bitcoin itself going forward.

[tenakha]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

In Venezuela, people receive a salary of around $6.70 per month, and at this day's price after 1223 months they will be able to buy 1BTC without spending. As a country, you should have some reforms. Bitcoin can not be the savior of all who are in a bad state. There was no cryptocurrency, when Korea recovered its economy. IMO it is something that depends on this country itself, changes in certain rules are absolutely necessary.

[Ejanend]

bitcoin is increasingly being liked and known by many people around the world, but there are always from big countries like America to support the progress of bitcoin development. I do not understand whether because they are afraid that $ will accept world currencies to accept bitcoin. Although America can proclaim bitcoin as a digital currency.

so right someday surely bitcoin and cryptocurrency will be used and if indeed cryptocurrency can overcome the economic problems in the world we all as investors cannot predict the development of cryptocurrency all back again to the government how the cryptocurrency will be used

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

[EdvinZ]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

In fact, you think right. The world's leading financiers are talking about the same thing. It is important to invest in an asset for the long term, but before carefully studying it. On the contrary, day trading is more often a loss of Deposit than an increase in capital. Many people simply do not have enough patience, this quality should be the foundation for successful investments.

[LUCKMCFLY]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

The current situation regarding Bitcoin is improving, the adoption of Bitcoin is greater every day, in many countries like Spain they are using Blockchain technology to improve the daily processes of daily life, one of the most curious is the tracking of organic eggs using Blockchain, can be found here:https://es.cointelegraph.com/news/spain-blockchain-technology-to-be-used-to-track-organic-eggs, there are many more processes. Around the world, with the case of Venezuela, it is a country in crisis with high inflation, which uses Bitcoin a lot to escape the inflationary economy and obtain refuge to survive and obtain a better quality of life above the average.

What is causing more sensation and concern are the Stablecoins, especially when they announced the launch of Libra, what is coming by 2020 will be very exciting, as many countries are against it, because Libra represents complete instability for local economies, governments They almost claim that the world is not prepared for this, the article that describes it is: https://es.cointelegraph.com/news/why-are-global-stablecoins-a-threat-to-the-financial-system

Such events clearly indicate that it is beneficial for Bitcoin, if stablecoin (Libra) arrives, bitcoin will be adopted more quickly, and recently the market is at a turning point that any direction can take, I think it's about knowing to wait.

[riso2015]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

[Edraket31]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

With the publication of Bitcoin and cryptocurrency I am sure people have heard about crypto, as it has been almost the talk of the town in social media, in the press or media. So, although we will not inform them about this, for sure they once have heard it and it is up to them if they will do research on it or not.

Still, introducing this to our friends, family members will be great. We should also do our part for this, not our obligation but if we want to Bitcoin to fully adopt by all people, at least let's do our part.

[Wysi]

Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.

But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates.

There are so many potential investors who have no idea about the cryptocurrency and we can pool in these investors only when we have a dedicated spoc based throughout the world to keep the public educated about crypto and for example it's not possible with bitcoin since we don't have a community to do that and it's too late to form a community now but on the other hand new altcoins are doing there bit as they have the management team based in several continent in order to promote and educate people about crypto currency.

[redsun114]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

Lol, what are you trying to insinuate here, that bitcoin transaction is very slow? I know bitcoin has that problem already and you don’t have to throw it to our face and when it comes to cryptocurrency payment, bitcoin is not the only coin that we can use, if we feel that bitcoin is very slow, there are coins like Ethereum that could serve some purpose because bitcoin itself cannot even do it alone.

There are so many people working towards making bitcoin transaction faster and you can see that we already have the lightning network that has solved part of this challenge, so people don't have to wait that long to get their transaction confirmed. Bitcoin cannot even solve the challenge alone, it will still need the assistance of other coins which is why we have altcoins anyway.

[huige007]

When year 2020 we see the line up of people by the grocery store...

They all waiting for btc Transaction confirmations to buy Milk.... Lol 😀😀😀

maybe all that can happen with the development of the era and technology and cryptocurrencies are created to meet the development of technology and the economy especially if the crypto currency has been legalized by the government as a currency that applies throughout the world of legality is something that is needed in the development of these currencies

Those who believe in the beneficial nature of crypto currencies are still using it without taking consent of governments and those states whose governments are sincere with the development of technology have already legalized cryptos for them. I believe that if all people start using bitcoin, government will give in to legalization.

[Oneandpure]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

Not the same which you talk, many richest person become very poor because know with bitcoin, they lost much money buy bitcoin with higher price and sell bitcoin on lower price, just some person lucky with bitcoin investment where always get profit with bitcoin, now you can choose to get profit with bitcoin or get lost, give advice for every one want to invest in bitcoin or altcoin.

[Colt81]

many people who become rich and become poor when knowing bitcoin, their economic conditions will be tested when knowing bitcoin trading if they can control their patience can certainly become wealthy, whereas if they cannot control their patience surely only losses will be gained.

Not the same which you talk, many richest person become very poor because know with bitcoin, they lost much money buy bitcoin with higher price and sell bitcoin on lower price, just some person lucky with bitcoin investment where always get profit with bitcoin, now you can choose to get profit with bitcoin or get lost, give advice for every one want to invest in bitcoin or altcoin.

I disagree. Rich people who get interested to buy bitcoin are getting more rich, that is why more people gets interested in investing their money in bitcoin because there is a huge chance to double or to triple your profit. The only reason why rich people gets poor because they can't control themselves from panicking when the price of bitcoin is starting to fall, but there only few people who experience this kind of incident because most people who gets into trading can control their emotions and can manage their trade properly.

[Xxmodded]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Economic situation give good effect for cryptocurrency and bitcoin, if good relationship between many country around the world give positive effect for bitcoin on higher price, now many people worried with situation several country look not good with have economic war like United State and China, if war still continue I think bitcoin get bad impact with price and less investor become bitcoin part.

[zidanw]

Do you think this Economic situation will push More People into Bitcoin?


We know that countries like venezuela, ghana all Ready are Bitcoin adopters.

China USA  trading?  Do you think that has impact too?


Coz i think the gold market is about pop the bubble soon

Economic situation give good effect for cryptocurrency and bitcoin, if good relationship between many country around the world give positive effect for bitcoin on higher price, now many people worried with situation several country look not good with have economic war like United State and China, if war still continue I think bitcoin get bad impact with price and less investor become bitcoin part.

The world economy is actually being influenced a lot between the two big countries, the US and also China. even in my country I have already been affected by the policies of the two countries. not rule out the possibility later that when it continues the sector of cryptocurrency will get a big impact