Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

[FlightyPouch]

So government are not our enemy but we will have to remain determined about our investment

Well, for me, the government is somewhat our enemy even if they accept or legalized crypto currencies. They want to control the system in the country but with crypto currencies, no one controls it since it is decentralized. I think it is legalized in a lot of countries since people can get a profit out of it and we don't know, maybe the government are taking advantage of it too.

[MMysterious]

Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.

[spike420211]

I don’t think that accusing anyone of your problems will improve your life. The state cannot simply bind and raise the minimum wage, because there is a market for free competition on which all pricing is formed.
What prevents you from becoming a specialist whose time costs $ 100 per hour?

[luppecuppe]

I think governments won't enact legalization for Cyrptocurrency. Why should they do this? There is a threatening situation for governments. States are as strong as their currencies. Bitcoin is stronger than many governments.

[criza]

Op is complaining without even knowing how the fiancial system works. First of all, a government cannot simply impose a x10 increase of wages or $100 per hour. Many businesses will be closed if op is to be followed. And there are also no guarantees that if higher wages is imposed a big part of it will flow to the crypto market.

There are reasons in to which the Government does not make the wages of people high. One of the reason is it would disrupt the economic state due to high pay means high demand on goods and services because a lot of people would spend their money in it causing for a higher prices because supplies and services are deemed to be not enough due to the fact that consumers or worker's wage are high.

[carlzec]

Governments do not dare to manipulate bitcoin price. This is a very risky market. Governments should not invest in such risky markets. I think that private companies will make more effective investments in this field.

[GideonGono]

Governments do not dare to manipulate bitcoin price. This is a very risky market. Governments should not invest in such risky markets. I think that private companies will make more effective investments in this field.

That's why they are not promote bitcoin because of the risky thing and also gambling included by such that no taxes goes from that. Government also warn their citizen for the cryptocurrency because it based from worldwide.

[Shasha80]

I also feel that the government is afraid that if its citizens become rich it will not be able to be controlled anymore, and therefore
the government will regulates the total salary of the population so that it is not too big. So from that there is actually no relationship
between the government limiting the salaries of its residents, with the number of people who want to invest in bitcoin. Because with
a small salary, if our financial arrangements are good, we can invest in bitcoin. And regarding fiat currency, it cannot be printed
haphazardly by the government, if it carelessly increases prnted money then can have a bad effect on the state, hyperinflation will occur.

[yulionoo]

I think that raising the wages of British employees will not have much impact on the price of bitcoin. even though the wages of British employees are raised to $ 100 / hour it will not make the price of bitcoin increase. because not everyone wants to invest in bitcoin.
bitcoin prices can increase if the number of bitcoin requests continues to increase and also a lot of positive news that supports bitcoin.

[DashingAgent]

I don’t think that accusing anyone of your problems will improve your life. The state cannot simply bind and raise the minimum wage, because there is a market for free competition on which all pricing is formed.
What prevents you from becoming a specialist whose time costs $ 100 per hour?

Do you think that a specialist deserves just $100 per hour? Or $1K per hour? IMO it should be more than $1K.

[atjiat]

I think that raising the wages of British employees will not have much impact on the price of bitcoin. even though the wages of British employees are raised to $ 100 / hour it will not make the price of bitcoin increase. because not everyone wants to invest in bitcoin.
bitcoin prices can increase if the number of bitcoin requests continues to increase and also a lot of positive news that supports bitcoin.

Actually, the salary increase for British officials is almost a drop in the bucket to increase a person’s income to the point where people are looking for different types of investments and turn their attention to cryptocurrency.  In addition, you need to consider that bitcoin is not the most popular means of investment.  Here I completely agree with you that only an increase in demand for Bitcoin will increase its value.  But it should be noted that the reduction in the supply of bitcoin in the market also plays an important role, but for this, speculators need to stop their activities and not manipulate the cryptocurrency market.  Everything has its own pattern and while bitcoin is an investment that is made thanks to volatility, we will see the cryptocurrency market in the form that it is today.

[angrynerd88]

Job will not make you rich,you are waiting for increment whole year other side comodities price increase more than employees increment.This is reason people switching to the crypto,Bitcoin price rise and if look technically the price of Bitcoin in one decade just rise because the demand of Bitcoin increase.who invest in Bitcoin will get benefit from it.

[julius caesar]

When all of the fiat money has been hidden in the cryptocurrency, there is a chance that the price of the fiat money will go down because there will be no more supply of fiat money. This is the reason why the government does not want to allow bitcoin or cryptocurrency to be legalize in their country.

[smyslov]

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

I would like to answer in general, if they increase the salary of workers, the company will be force to increase the price of their products and services and this will bring inflation, I am not that good in economics, but the company can keep up with the rise of employees rate, so they will just get the increase on the rate on their products and services.

[bettercrypto]

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

Haha. What a joke of the government.
Very well said! Government does not want their citizen to be educated and wealthy, why? Because they know that anytime they might lose control to the people. That's why we are working a lot but we receuve low amount of salary. Government does not care with economy and citizen of the country but they care about their own financial assets.

[CarnagexD]

While it's true because even the politicians who oppose crypto themselves in policies actually personally invest in in crypto themselves with their hypocrite selves. But can they stop the common? Never. Because Bitcoin is there itself to provide privacy and transparency and unmonitored transactions!

Yeah that’s true our rich people and Position’s use to invest their Kirby in crypto but the want to get all the profit alone. Governments are opposing crypto in some countries but not all over the world. So if in your place you are lucky though.  So government are not our enemy but we will have to remain determined about our investment

You. can't just attribute every failures to the government. We all know very well how governments are and it is not hidden from sight that they're nothing but fat pigs. What do we do to stop the cycle? We work hard. Get a second job if you can, maybe even adjust your investment strategy so you can earn more while lose less. Save money. There is much to be done if we stopped on complaining and do the work ourselves.

[Kevondo]

Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

Just listened that UK new pm has increased the wages of UK employees a few cents per hour, Laughed. When the wages will be small, how you may claim that bitcoin may hit $100K or even a million? People only invest a portion of their money in Crypto, And the government pays a very small amount around $11/per hour. Can this small amount make bitcoin to hit over 100K or a million USD?

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

Haha. What a joke of the government.
Very well said! Government does not want their citizen to be educated and wealthy, why? Because they know that anytime they might lose control to the people. That's why we are working a lot but we receuve low amount of salary. Government does not care with economy and citizen of the country but they care about their own financial assets.

All the governments and authorities are busy in filling their pockets. Whatever they do has no real basis, it is just a show to fool their people. As they have no concern with the common people and their wellbeing why would they led something happen that would help and secure them. Crypto is benefiting common people by financially making them stable, providing them needed security, giving them multiple options of investments this all will made them independent, secure and stable. This would be a threat for the government as they never want their people to be in a better and stable state because that would take off their control from them.

[davinchi]

One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.

Only proper management could make us rich and investing is only one way to go. Blaming the wages and telling government to raise the wage that high is not going to solve any problem. Money don't grow no trees as well as the employers' and company's fund and increasing wage to ridiculous amount of $100/h will just spell bankruptcy for most of the companies not to mention the inflation. Our economy is flawed but too much demanding won't solve anything.

If there is more employment there is more income and people will be rich. There will be population left seeking for financial help and food. There will be increment in economic conditions of various countries. What government want is more employed people around them. Government should first see the both good and bad impacts/sides of employed and unemployed people. Because, there are people who have no job and are investing in bitcoins as their source of earning and income.

A lot of peoples have left their  job just to settle on with cryptocurrencies and it has always been profitable for such peoples. Majority of potential peoples find major profits in the cryptocurrencies rather than any centralized job so peoples do actively shift from their regular job to invest and earn cryptocurrencies.

[sunsilk]

There's no relation between bitcoin and the minimum wages that we have for our countries. Actually, the given example was already high enough compared to the third world countries that make that minimum per hour into a minimum per day.

And the world isn't just rotating with the minimum earners because this is all about the economy of the bitcoin market. I get the point of questioning how would people be able to invest if they only have less salary which sums up to the total market cap of bitcoin. The bitcoin economy doesn't go like that.

[JC btc]

That's sad reality, because they are always putting in the mindset of the people regarding contentment, also when you are young you will always hear your parents and teachers saying that , 'you need to study hard, so that you can find a job and become successful' and almost all in the government has their own businesses so that they can hire you, but the point is they are the one who were just making a lot of money.