You Think Bitcoin Save Your Economy

[worldtraveller321]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

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[Upgrade00]

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

No, I do not think Bitcoin or any other cryptocurrency could have a significant effect on an economy.

This be in the form of trading. Use of the currency? creation of? education. etc

None of these is enough to effect an economy on a national scale, cryptocurrencies for now are for mostly personal use, public companies are gradually beginning to join the queue, but until it is fully embraced by governments, it cannot influence the state of an economy.

[Sterbens]

I think what @Upgrade00 said is true, for a global scale it doesn't have a significant impact. and will only have an impact on individual crypto users who already held it before the pandemic came. as for most people who end up flocking to save their assets during a pandemic and store them in bitcoin, it is temporary. because we have to know, between longtime crypto users either during the pandemic or before the pandemic, and they are still surviving.
for those who only know that bitcoin is a savior of assets in times of crisis, that doesn't sound very good. maybe for a while it will be very effective, but gradually they will return to a situation where everything has been exchanged into their respective fiat currencies.

[Zilon]

Many countries are investing into crypto currency for example China which has a digital currency. I believe in a way this could help boost their economy most especially if it appreciates above certain leading fiat currency scattered around the would like other crypto currencies are doing at the moment.

[GeorgeJohn]

Definitely Bitcoin can save economy of country, if a country is serious into it, just take a look of certain countries that embraced cryptocurrency, they are most digital and developing country now, and take a look of those countries that  abandoned or restrict cryptocurrency, just compare them and check the differences, so it's obvious that cryptocurrency can equally bring a country who invest in it into life when their are shortages of economy and when crisis happen, it will be easier for such country to recover their lost within short time after crisis, so in all ramifications cryptocurrency will enhance elevation of country economy if it's really plan well  by their finance minister or ministry.

[sapnu]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

The economy of a certain country does not fully rely only on money and currency, it can also be about its natural resources and manpower. Even though bitcoin is currently the strongest cryptocurrency at the moment, I don't think the time is not yet ripe for it to be able to survive or lift up the economy of a whole country. Also, we should take consideration of its purpose. We should know what is the real purpose of bitcoin and many would surely argue because we define its purpose differently. Good governance and abolishment of corrupt government officials, proper trading from inside and outside the country and avoiding to abuse natural resources could be one of the best way to save the economy of a country.

[decodx]

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

That is a good question. One of the things I believe Bitcoin is good for is for businesses and national economy. There's so much fraud in the economy now. The business sector has been completely and totally devastated by fraud and rip-offs of all kinds. What Bitcoin can do is to provide a safer, more reliable way to exchange value in the economy, which is absolutely essential in business and in commerce. I think that that will unleash some very good business opportunities.
But I also believe that if you're trying to have something that resembles a currency, you're going to have to go through the government, and then, of course, you're going to have to take into account regulation by the banks and everything else.

[kayiboyu]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

It actually can help people have a better economic condition. Especially in the countries of which the chief monetary unit is not valuable, people are searching for alternative ways to earn more money and improve their condition. And they find cryptocurrencies here. Now, there are so many people who are investing in cryptos to make a nice profit and increase their savings.

[xanxus.kun]

Only those who were able to hold and gains a lot this current bullish. Unlike me who failed to invest when the Bitcoin dumps. Though I'm glad tons of people were able to gain a lot from this, for its a win win situation for all of us. Bitcoin is now being recognize better than ever around the world. Market starting to acknowledge and adapt to it.

[lionheart78]

Whether Bitcoin can save an economy depends on how the government uses it.  I can see potentials but as long as the government does not know the importance of emerging technology in a country's economy, Bitcoin can only remain as an option.  It is only a tool but the decision and actions to save the economy depend on the people in the government. Mostly Bitcoin economic usefulness still remains in the personal level, I do hope to see the economic influence of BTC to grow up to a national and eventually worldwide scale.

[avikz]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin was never created to save the economy. Rather it was created to provide the common people with financial freedom as opposed to the current centralized financial system. So it can definitely provide financial freedom to an individual who is involved into it but it can't help the entire economy to overcome its challenges. An individual can definitely earn money from trading, mining (extremely difficult for an individual) or whatever activity that person may see fit.

Bitcoin adoption has not yet reached to that height where it can benefit the economy as a whole. With the current situation with mining, it seems unlikely as well. It can provide new direction to those people who have adopted this, but not to all! Don't think bitcoin as a magic wand to solve all problems! Because it is not!

[Bilgent]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

If you mean the economy of a country rather than a person, then I don't think Bitcoin can. Maybe it can until a point but when the price decreases sharply, it will affect very deeply the country in which it is used as the chief monetary unit.

[hatshepsut93]

This pandemic has been going for 1 year already, and it's pretty clear that Bitcoin doesn't have any macro impact on dealing with economic problems caused by it. If you think about it, people with no money simply can't invest anything in Bitcoin, and they don't have even half a year to wait for profit, and even if they had a little bit of money, putting it in such a risky investment isn't an objectively smart move. This is why amount of people who used stimulus checks to buy Bitcoin is negligible.

[adzino]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

No it won't. What makes you think bitcoin can help recover/save the Economy? In form of trading? Like how? How does trading even help drive the economy forward? Crypto currencies are just a form of currency which can be used for making transactions (and currently in a very limited form due to various issues and government policies/regulations). To save or progress the economy we need growth in productivity, increased capital and so on. If we invest everything in bitcoin and keep holding it, we won't be causing any economic growth!

[death69]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

If people understand the concept of bitcoin and its interaction, they can use bitcoin to improve the economy. However, bitcoin is on its early stage and people only want to be rich with bitcoin instead of learning or obtaining any knowledge from it. Thus, application for melioration is unlikely to happen in the next 5 years. In the future, we can see more implementation of bitcoin in the financial world and I believe by utilizing bitcoin in a larger scale, it can reshape our world and make it a better place. Our world has already covered by the internet and it is enough for any individual to connect themselves to blockchain

[Gozie51]

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

No, I do not think Bitcoin or any other cryptocurrency could have a significant effect on an economy.

You didn't give any brief on the reason that cryptocurrency won't help the economy or is not already helping the economy. Remember whether not we agree, this area of digital economy is creating new normal for the people, many aspect of jobs and support is open to the youths through it. Many are trading, hodling and doing so many more with it. In return, it create increase of GDP in the economy even though it may not be direct but it sustains the people and fiat through cryptocurrency flow into the economy.

[mindrust]

Currencies have nothing to do with the economy itself. It is the bad FED policies and low interest rates that killed the economy. They cannot afford to raise the rates anymore because it would bankrupt the zombie corps. In fact, now they even want to go negative. (Europe already do it.)

Crypto may provide a temporary shelter but I doubt it will last forever.

[online73]

Hello everybody. I am not an economist and I cannot judge in economic terms, but the fact that cryptocurrency can take on a certain part of economic problems - I am sure of this. But the problem is that the economic leverage is with the government - and my government is not good at Bitcoin. The only hope is that Bitcoin will improve my economic situation. Good luck everyone.

[franky1]

countries economies will always be managed by their government currency.

bitcoins purpose is not to replace a countries currency. its not meant to 'save the countries economy'

its meant as an alternative..

its like how corporations have shell companies in tax havens..
bitcoin is an individuals own tax haven.

its about taking your value or wealth OUT of the economy to protect it from the economy.

[jonval21]

In my case living in a country with high inflation, bitcoin is like a lifeline, of course it is a respite for me, so much so that I have researched many ways to make my trades better by always looking for Bitcoin, I have some coins in Hodl of shitcoins , I hope that when they have something of value quickly change them to Bitcoin.

The economic conditions for some northern countries and for Europe, the purchase of Bitcoin can be very easy and almost without decapitalization, for South American countries it is really strong to buy at least a fraction of 0.001BTC, when the local currency has suffered some devaluations.

[Renampun]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

of course can, I have experienced this myself...
during the peak of the pandemic last year, Bitcoin helped my family's economy a lot. many people are surprised because we as a family can still buy basic commodities even though my husband and I are just at home. if educated properly, Bitcoin can save the economy of many people.

[xiboothrezi]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
~

I really felt the benefits of being involved in the cryptocurrency world, long before the pandemic occurred. I have the opportunity to still earn money amidst the hardships of the pandemic. This is really good luck which I am very grateful for, my friends are having a lot of trouble because some of them have been temporarily laid off.
This is the importance of having a side job that you can maximize during difficult times. Cryptocurrency can be the best alternative, start maximizing your potential and keep learning to make the most of the opportunity.

[wxa7115]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Saving is a very strong word, bitcoin is probably the best investment of the last decade but only now we are seeing more people adopting it with the purpose of using it as a store of value, the ones that could have used a little help from bitcoin are probably the ones that argued against the most and thought it was a scam.

And while bitcoin could help them if they invested in it. how are they going to do it when they have no money and they are afraid they are too late to do so? We know this is not true but that is the way people think when they see the price of bitcoin so close to 60k, which means they will make the same mistake again and avoid investing in bitcoin and suffer once again when a new economic crisis hits us.

[Twentyonepaylots]

I do not think bitcoin will be able to save the fiat economy. First and foremost because bitcoin is not connected to the fiat economy at all. It may have been a point of comparison but that's as far as connection goes between these two things. If it were to collapse, bitcoin will be the go to of the common people, and those who adopted it earlier will have a considerable headstart compared to those who FOMOed.

[Ridwan Fauzi]

Bitcoin is not a magic that can help many people especially in the economic side. Although you have money and you try to invest and trade in bitcoin it doesn't mean you will get money in it. Moreover, if you just know to bitcoin, you may need several time to adapt about the characteristics of bitcoin. There is no an instant way right to getting money in bitcoin, I bet there is no one who can do that even he is an investor before.

You need to learn some basic think about investing and trading bitcoin. I guess there is a different think when you trade or invest in stock or in any traditional investment place with bitcoin. But, for those who knew bitcoin before this pandemic came I guess their economic will be fine even better than before the pandemic came. They will have an investing in bitcoin or buy bitcoin at the lower price even there will be some people who still hold their bitcoin who bought at the lower price.

[andthereyou]

Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

[Lordhermes]

The national budget of a country for some specific months in a county is sometimes higher than the total capitalisation of bitcoin in marketcap sites lie cmc or coinGecko. Bitcoin is not a tool for saving the economy of a country, and that's not actually the purpose of bitcoin creation. Normally, it is the work of the government to provide liquidity to the smooth flow of a Nation's economy.
As others had said, bitcoin is for a personal purpose, not a governmental purpose.

[maxreish]

When we tackle about bitcoin's aiding country's economy, there are so much things we need to consider. First off, the adoption isnt reach yet.
 
 Though somehow, this pandemic helps some people to be aware of other way of acquiring income like trading, etc. But when it comes to economy's sake, the government should actually fully accept cryptocurrency as their can be a help to many businesses and improve financial connection.

[Lorence.xD]

Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

Stocks is also volatile but a tamed one, the reason I think that bitcoin isn't going to save the economy is the scale, like if we want bitcoin to do that, it has to be able to be circulated in the economy and adopted by a nation first and considering no one has fully done that, I have to agree with the quote above.

[davis196]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

What do you mean by "your economy"?The economy of my country or my own financial situation?
Bitcoin definitely saved my financial situation 4 years ago and it keeps helping me pay the bills and provide food on the table.
Can Bitcoin help the economy of my country?Nope.Definitely not.There are just a few people involved in blockchain technology and cryptocurrency trading in my country,so the crypto industry cannot have a significant impact over the national economy.

[Alucard1]

We have experienced this pandemic for about a year and we have seen that a lot of people are now exploring the world of crypto and starts investing in it, bitcoin can affect the rise of the economy but still, it depends on how the government will use it, if they are still unaware for the things that bitcoin can give to us, if they are not aware on how technology can help the economy rise again then bitcoin will still not be enough. Nowadays we can say that bitcoin is only for personal use because the government is still against it. Bitcoin is so useful and if our government will see its benefits and potential then our economy can get recovered from this pandemic.

[Trinx01]

There is a huge potential the bitcoin can make the economy recover from this pandemic, this COVID-19 makes a lot of changes in every life of many people especially in terms of finances because a lot of business has been closed, a lot of companies has closed as well which results of economy crisis, Bitcoin can be a big help for this problem but if our government cannot use it properly and still thinking that there is no goo with accepting cryptocurrency then nothing will happen.g

[maydna]

If that is about personal finances, then yes, bitcoin helps them give them a chance to make money in this pandemic. If you can check what people can do in the crypto market, they are trying to profit from various coins besides bitcoin, and so far, they can really make money, which means they have a new income source. They can still use crypto trading to make more money, but they need to improve their skills to analyze the other coins.

But people out there tend to search for the job offline, and they still trying hard. If they can know about crypto trading and have free money to start and learn to trade, I guess they will have a chance to make money.

[Kittygalore]

Bitcoin saving the economy of my country is a daunting task because bitcoin has to touch a lot of sectors of the economy to make things right in those sector not to mention that the economy of a country is so large that I think that it is going to be difficult for bitcoin to fill that gap. Maybe personal finances of the individual could be saved, start at the bottom to solve the problem at the top.

[giantrobot]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Electronic money can help people have many directions. You can hold to wait for the opportunity to enrich or sell when there are words. We all know in a long-term epidemic situation across countries that have affected economically. Many unemployed people have no income, a number of service tourism industries must be closed. Investment in Bitcoin is also a new, potential direction.

[blckhawk]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Well for personal finances then Bitcoin definitely could help a lot in fact it did bring changes to my life. However, for the general economy of a country, I don't think so. Bitcoin is not yet fully accepted by the government and even a few individuals are still scared of using it and it is enough reason why it couldn't save the entire economy of a country. Though the adoption is gradually increasing it still not enough to bring changes to the country's economy but perhaps if the whole nation is using crypto then there might be a chance.

[Wind_FURY]

With the recent situation with the pandemic going on. Has created many economic challenges for all.

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

Bitcoin itself can’t save the economy, but Bitcoin can be used as a fall back/back up in case the government loses control of the monetary system because of BRRR money-printing.

This be in the form of trading. Use of the currency? creation of? education. etc

In the form of HODL.

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

It can in Bitcoin as a censorship-resistant, self-sovereign currency.

[Argoo]

Bitcoin will not save our economy for now in my own opinion. The reason being is that bitcoin is very volatile investment. Though it has high return, it's also a high risk. It may cause the downfall of a country's economy.

Bitcoin will definitely not cause a collapse of the country's economy, nor will it save it in difficult times. There is very little connection between the general economy of the state and the cryptocurrency. Governments and their bodies do not invest in bitcoin, and therefore their economies do not depend on it. Only citizens who use bitcoin and other cryptocurrencies can improve their financial situation or suffer losses.

[decodx]

With the recent situation with the pandemic going on. Has created many economic challenges for all.

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

Bitcoin itself can’t save the economy, but Bitcoin can be used as a fall back/back up in case the government loses control of the monetary system because of BRRR money-printing.

I would even go as far as saying the future of money will have to be a decentralized system. Cryptos will come to dominate currency. The same can be done for the entire centralized banking system.

[rodskee]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

If Only each country will give chance and opportunity for their people to adopt and trust cryptocurrencies?
I'm sure that Economy will get better faster comparing to non crypto help.

Bitcoin saving the economy of my country is a daunting task because bitcoin has to touch a lot of sectors of the economy to make things right in those sector not to mention that the economy of a country is so large that I think that it is going to be difficult for bitcoin to fill that gap. Maybe personal finances of the individual could be saved, start at the bottom to solve the problem at the top.

Without government interference for the people towards crypto , yeah Only the Individual finances will benefits from this.

[mezzaluna]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

I believe that Cryptocurrency wont just be a saving mechanism for the economy but its also something that might get reinforced as another source of industry that people can venture into. Learning about Cryptocurrencies would be a great idea since we can gain a lot of money from it if utilized properly and that unending applications of Blockchain Technology is so great that people have something new to study everyday so it is possible that Cryptocurrencies can play a major factor that can create a better economical status.

[fauzan123]

I do not think bitcoin will be able to save the fiat economy. First and foremost because bitcoin is not connected to the fiat economy at all. It may have been a point of comparison but that's as far as connection goes between these two things. If it were to collapse, bitcoin will be the go to of the common people, and those who adopted it earlier will have a considerable headstart compared to those who FOMOed.

The nature of Bitcoin as a financial asset has attracted the interest of many people and created potential financial losses. Although the line between money and financial assets is not clear, people's actions often reveal the role that these assets play in the economy. These days, the joy around Bitcoin is buying it as a financial investment, not using it as money to buy goods and services.

I think, Bitcoin is "not a stable store of value, and is not a legal tender"; in his judgment, Bitcoin "is a highly speculative asset. Of course, it is very risky if our assets put everything in bitcoin, but it is different if only partially because it is not impossible that bitcoin can be one of the income that can change our finances.

[mbe48]

In my opinion, bitcoin here is proven to be one of the safe assets from global uncertainty or a safe haven asset. So I think bitcoin will continue to be favored by investors in a situation like this and I think this is the right time to invest in bitcoin especially because many other investment platforms are experiencing a significant decline due to the Corona effect.

[acener]

Nope I don't think so but it could help the people to earn on their own.
Bitcoin or crypto could help the people but not the economy right now.

[kryptqnick]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

For countries with very unstable economic situations cryptos can be a chance for people not to lose their money and for their funds to retain value. Given the economic impact of the pandemic, I think this will become even more relevant than before. Apart from that, cryptos can be an investment opportunity for corporations and even for some state funds (if they're willing to risk) which could improve the situation a little if Bitcoin keeps rising. Finally, if something devastating like dollar's hyperinflation happens after all this overprinting of money, cryptos will become something that can save the world because they can ensure it doesn't happen again. But I don't think this final case is likely to happen.

[Banprox]

I don't think so. Because in my country bitcoin is not legal. My government till now don't accept it. Then in my economy, bitcoin doesn't create any good impact. So this is crystal clear that bitcoin don't save our economy.

[Noctis Connor]

Nope I don't think so but it could help the people to earn on their own.
Bitcoin or crypto could help the people but not the economy right now.

Im agree with you if one country don't care about bitcoin then how can it help the economy? If this kind of mindset they will set to help people and give them a good capital to start bitcoin then maybe there a chance that all poor people doesn't have any kind of skill from working then this are they chances to take this kind of opportunity and learn everything about bitcoin and start their own path.

[doomloop]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Maybe the answer is a No. But there is a way I see this, there are people in my country who are cryptocurrency traders and most of them got their life changed when they started trading cryptocurrency, and since they are rich and investing in the country, I don’t know if we can say that that’s a way for cryptocurrency to contribute to the economy? Although I do know that there are lots of people who have lost money as well. It’s just like a thing of luck, and when it starts working, it is huge.

But, let’s not forget that there are now centralized exchanges, and these exchanges are becoming big businesses with offices in different location around the world and I guess that can be counted as cryptocurrency contribution to the economy of those countries where these exchanges are, because if not cryptocurrency, then there wouldn’t b such exchanges.

[AakZaki]

Bitcoin or other cryptocurrencies provide an opportunity to be able to better the economy during this pandemic. Many new investors are starting to get into crypto.
Crypto does look promising.

Individually my own economy is helped by bitcoin and other cryptos. I trade and invest in crypto. it's very productive. Improve the economy and provide opportunities for those who want to enter crypto.

[dothebeats]

Economic recovery is not going to be moved by bitcoin nor any other cryptocurrency. The government's policies on economy and how they control this to stimulate growth is what's going to drive recovery.

Bitcoin and crypto only provide opportunities to a few people who are somewhat versed in crypto, and have the spare money to begin with. It's not like a few people who have increased their net worth and purchasing power would be enough to lift a country's economy up, it has to be more than that.

[best123]

Bitcoin (Cryptocurrency) helped me to preserve my money not only preserving it but it also brought profit to in many cryptocurrency investments. To me, cryptocurrency is doing great to the world economy.

[Yayis]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin can actually be very harmful to an economy, especially one that keeps printing money with nothing backing it.

[MCobian]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

[Kittygalore]

~

Without government interference for the people towards crypto , yeah Only the Individual finances will benefits from this.

And with a stable individual finances, I am sure that the macro economy is going to benefit too because the people has a lot of money to circulate back into economy.

[gabriela1999]

Bitcoin cannot save the economy of the world. This year the capitalization of the Crypto market has a strong growth rate. But with too large fluctuations will be very dangerous to the economy of a country. Bitcoin will match the opportunity for an individual or more organization for a national economy.

[Pamadar]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.

Personal economy has been met by those who understand the market, like you, there are also other people who earned from this market.

Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home.

Working infront of your computer, Bitcoin/crypto investment bring decent compensation to those who pay attention inside the market.

But Bitcoin gave me a solution,  I can get money by trading Bitcoin and I don't have to leave the house to make money.

Good for you and to those similar beneficiaries.

I'm sure a lot of people are helped the economy after  getting to know Bitcoin.

There are numbers of people who also enjoying the same benefits.

[kopijos]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

If for an individual, not a company or an institution, I think it is possible for bitcoin to restore one's economy, we see a lot of professional traders who can restore the economy well when he is successful. so bitcoin is more suitable for someone not a large scale or a national scale

[fullhdpixel]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Sure it’s part of what one can look at as a means to be earning income and helping themselves at this time that things has been difficult for everyone. But just know that it is not going to be working for everyone, you can do it and it works but another person will try it and it wouldn’t work for them, so it’s good to usually try out other things too, while you’re trying out Bitcoin and cryptocurrency.

Moreover even when it starts paying you, you shouldn’t leave other jobs you’re doing just because you’re now seeing income flowing in from it, you still have to maintain other means of income as much as possible. So whether Bitcoin is helping my economy? Well, as long as it’s helping citizens, then It’s doing good to the economy.

[Rasel5209]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

I think cryptocurrency help people give some new direction. If we saw world economy world economy effect with crypto currency.

[dimonstration]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

[Ultegra134]

Economic recovery is not going to be moved by bitcoin nor any other cryptocurrency. The government's policies on economy and how they control this to stimulate growth is what's going to drive recovery.

Bitcoin and crypto only provide opportunities to a few people who are somewhat versed in crypto, and have the spare money to begin with. It's not like a few people who have increased their net worth and purchasing power would be enough to lift a country's economy up, it has to be more than that.

Couldn't have said it better myself, cryptocurrency isn't for the most, media and people have described it as the panacea of investments, they are risky assets. It can be challenging for most.

Can't speak for others, but I have made a decent amount the past few years, which I've set aside and reinvest it when possible. In conclusion, cryptocurrency has helped me maintain some kind financial freedom.

[Fredomago]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

In small ways just like from your example, it can help individuals to the extent up to their families, but the wide impacts is not yet
there, the economy of a certain county ain't been help that much, not unless the support of the government gives blessings for mass
adoptions it will surely bring something big in terms of benefits.

Taxes from those businesses that will shows their support will bring the government good lift as it can use as source
for funding projects that will helps the people around.

[maydna]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

So if more people know that bitcoin can help them to have a new income source, they will try to use bitcoin, like what we did. The adoption process still on the way and it will reach more people from many countries. Perhaps, the company will not directly use bitcoin because they want to research bitcoin first before they will start to use it. But people who lose their job in real life can give them a new way to make money, but they need to learn more details about bitcoin so they can be able to make money.

[Sanugarid]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
This be in the form of trading. Use of the currency? creation of? education. etc

I don't think so, it's preferable to used BTC and Alternative coins as an investment rather than a source of income. It will take years or more to be profitable for a long-term investment plan but you can actually gain profit by doing day-trading. However, being consistently profitable in day trading only applicable for experts who lose money more than gained.

What are your thoughts on this? Could this cryptocurrency help people give some new direction?

The value of bitcoin extensively increased for the past years to the point it reaches 58k USD in comparison to saving accounts with low-interest rates, BTC is better. So I do think it would be a good investment opportunity for everyone.

[capcaypro]

I agree with @Upgrade00 said, maybe it will have a little impact in denominations but it just a little will not have a big (significant) impact because bitcoin is only run by a handful of people, both investors and companies. so most likely only the impact on the tax increases of those people that the government feels or gets is nothing else.
but with this pandemic indirectly increasing people's interest in learning about the crypto world because what happened during this pandemic many people lost their jobs and many companies went bankrupt, indirectly they would be required to think about how to get money but not violating existing rules. determined during a pandemic such as social distancing and not crowding, and bitcoin is an option to get money without violating these rules.

[capcaypro]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

I think cryptocurrency help people give some new direction. If we saw world economy world economy effect with crypto currency.

helping new directions may be yes but this will not have a huge impact on economies of scale. because basically this only gives directions to those who want to learn it. the impact will be insignificant in returning the economy to a large extent in the use of currency, creation, education etc.

[Rana590]

Sometimes it does but it will affect on economy heavily because a huge amount of money will be adding on Economy. But still all the country are not adopting bitcoin in their economy. Government should take necessary steps to add bitcoin on economy.

[nak02]

Well depends of the countries, as my country crypto currencies in not popular, even government don't have any idea about this, they know only bitcoins for scam and this will not solve to save our economy, I think that this is a personal earnings not for government or country like us to bloom our economy in bitcoins or crypto industries.

[Ebede]

Bitcoin can bring economy back when you invest in it, investing with bitcoin can render way for growth and prosperity of economy, but many government will not allow their people to go into cryptocurrency investment because some of them will not like to secure their economy, because when economy is in order people of the society benefits from it.

[imstillthebest]

Bitcoin can bring economy back when you invest in it, investing with bitcoin can render way for growth and prosperity of economy, but many government will not allow their people to go into cryptocurrency investment because some of them will not like to secure their economy, because when economy is in order people of the society benefits from it.

thats a selfish governance  if they act like that but they didnt think that the blame will be put directly to them if their economy is weak .
 in this situation cryptocurrency can help a weak economy and government that bans should make an excuse to allow crypto temporarily but they can unban the cryptos forever when they like the results that they see  .
not only people on that country can benefit but governments can benefit too when economy is healthy

[molsewid]

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

Well for now bitcoin did a great help to individuals and families and it's a great help indeed because it so happen that many individuals have found a help to sustain their needs at this catastrophic time of the life of everyone due to pandemic. But thinking about the great participation of bitcoin in the economy of one country I guess i'd still can't figure it out since the adoption of bitcoin wasn't yet happening I mean I haven't heard about a certain country really adopt bitcoin in the circulation of their economy.

[Ibrahim60]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

I don’t think Bitcoin and other cryptocurrencies can bring the human economy back.  Only those who are financially well, those people can trade Bitcoin or other cryptocurrencies. How can a person trade who haven't enough financial support? If one gets a bitcoin or other cryptocurrency reward for completing a task, then one's financial situation may improve a little. That's it.

[Argoo]

For me Bitcoin has really helped save my economy in a pandemic like now. Because by trading Bitcoin I can get income to meet my daily needs.
Especially now that it is very difficult to find work, and it is also very risky if we have to work outside the home. But Bitcoin gave me a solution,
I can get money by trading Bitcoin and I don't have to leave the house to make money. I'm sure a lot of people are helped the economy after
getting to know Bitcoin.

Now it can only help individuals, families and those who didn't have job to have something to defend with. Once adoption happens thats the only time it will be able to help the economy. If there are many establishments that accepts and use it, it can boost the economy maybe soon when adoption started and government is no longer strict in implementing or allowing it to be use easily.

How can an improved financial mechanism for storing and transmitting money over long distances improve the economy of the state? In addition, states are not yet going to use bitcoin in their internal settlements or in contractual relations with other states. Yes, at the level of individuals, bitcoin and other decentralized cryptocurrencies may well help improve their financial situation. However, not so many people still use cryptocurrency, and it is not a lifesaver to help everyone. Investing in cryptocurrency is a moderate risk and many then lose their investment.

[Ararbermas]

For me perhaps its possible, because since this pandemic realy affect the economy., indeed mostly ppl nowadays preferred to work from home just to sustain their daily expenses, wherein just to avoid spreading the virus as well..
.. Actually ppl nowadays still keep pushing just to achieve their goals despite of the circumstances. So in my opinion since this decentralised crypto currency always gaining more popularity, for sure it will become visible around the Internet, and as it's keep improving the prices in the market as well there's no way ppl will not gradually adapt such thing how to multiply money. It's a big advantage indeed. And perhaps government will consider this kind of reason in my opinion,   no choice because this pandemic is keep destroying our economy..as the matter of fact it will become a big help wherein despite of the situation at least ppl still can earn and multiply their money without breaking any prohibited rules in public.. So for me if this virus keep existing for how many years.. For sure decentralised cyrpto currency will be the last choice just to save the economy..

[skarais]

So if more people know that bitcoin can help them to have a new income source, they will try to use bitcoin, like what we did.

Trading or invest, is that what you mean as a source of income?
This activity is known to have a high risk, if someone expect a high return then he also needs to consider that there may still be loss. When someone decide to make their trading activities a source of income, they must always be ready to face all the risks that exist. Not always trader and investor get the return they hoped for, and they may still lose large amount unexpectedly. In essence, if they want to make money from a highly volatile asset like bitcoin, they need to be prepared to lose money (if that happen).

[Rafiqul]

I think it is possible to bring back a weak economy through cryptocurrency due to the ongoing epidemic for more than a year. Many countries in the world are moving forward with their economic activities through cryptocurrency or bitcoin even in the midst of the ongoing epidemic. That is not possible because the government of my country has not legalized Bitcoin. If the government legalized Bitcoin, we could earn foreign currency through cryptocurrency, which could turn the wheel of the economy.

[verita1]

I don't understand why people think that bitcoin and cryptocurrencies cannot influence the economy of a country (people, public and private institutions, etc.).
It is like rejecting a huge wave that is forming and that in a matter of time we will see in the form of mass adoption or not.

It is an advanced technology that also has to be friendly for everyone so that they can access it.
The main role that Bitcoin has played is breaking down the barriers and providing the opportunity for people to get the money anywhere in the world.
It is freedom in its fullness and it is something we have won since its invention.

[Shasha80]

I dare say Bitcoin can be a solution for those who want to earn income in a pandemic situation like now. Because I have proven it myself,
by starting to actively collect Bitcoin since 2020. Finally in 2021 I can feel my economy is getting better, this is because this year the increase
in the price of Bitcoin is very drastic. In my opinion it is never too late to start investing in Bitcoin, because I believe the Bitcoin price will
continue to rise. And Bitcoin will save the economy of many people, not just me.

[Rengga Jati]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

To be honest for me personally yes it is true. Bitcoin and cryptocurrency really can help me during this pandemic. When many people are losing jobs, really difficult to find a job and also get money, I thankfully can really get income from this forum and also from cryptocurrency by doing trading. Although I am not an active daily trader, at least, I can do short-term investment or trading to get a little bit of profit.

However, I cannot implement what I am experiencing to others because it may be different. Many people or traders or investors may be the same as me, getting more income from cryptocurrency. But other people maybe also different, moreover the newcomers may lose much money in this crypto during the pandemic because of the only following FOMO and not willing to DYOR.

[Yatsan]

The economical situation of a country does not just merely rely on the amount of money that the country have or possess. There are also other relevant elements to consider to make the economy grow and those includes resources. People can make their lives improve with the use of crypto but that is certain on just improving their lifestyle which is in short, the individuality itself only. If the country or the government would rather invest into crypto, there might be some development but still the result will be depending on how they cater or manage their investment into crypto. It will be best not to always depend economical issues with crypto for there are other ways possible to resolve such.

[francois-cooper]

btc goes up, the dollars goes down.
Make your choice

[Ultegra134]

I dare say Bitcoin can be a solution for those who want to earn income in a pandemic situation like now. Because I have proven it myself,
by starting to actively collect Bitcoin since 2020. Finally in 2021 I can feel my economy is getting better, this is because this year the increase
in the price of Bitcoin is very drastic. In my opinion it is never too late to start investing in Bitcoin, because I believe the Bitcoin price will
continue to rise. And Bitcoin will save the economy of many people, not just me.

Bitcoin and crypto are considered as investments assets nowadays, if someone wants to achieve a decent income through crypto, he then must proceed to invest a few hundred if not thousands' of dollars into a variety of coins/portfolio or just Bitcoin. Earning money isn't that easy, unless you were from the lucky ones that owned it since the beginning.

[tatalin]

I cannot see that Bitcoin has anything to do with our Economy. Ever since the pandemic started, our Economy collapsed. Thousands of businesses have shut down due to restrictions on spreading COVID-19. With that, many people lose their job and people are just waiting for the aid of our government. Even though some of the people here invested in Bitcoin and other coins that gave them a substantial profit, there are still many of the thousands people who do not have the means to invest and doesn’t know anything about crypto. So I guess Bitcoin won’t save our Economy.

[Ziskinberg]

NO, maybe not this time. I may say this, how a person can save 100 people? That is really impossible and having Bitcoin isn't only enough to improve our economy, yet, it needs the participation of everyone.

I don't have an exact figure of how many were adopting Bitcoin and currently use it but I think that we are not yet reached 10% of the total population. If ever I'm right (or someone could provide it), this is too far from the said HUGE market adoption, and this still far from a huge economic improvement.

[Hobo66]

It's scary to invest in something so expensive. But I think about it like a share in Microsoft. It's not a bad thing to have one, god knows how high it may reach. If I could I would buy 10. I believe it still has the X5-X10 potential by Q1 of 2022/ just my personal optimism. but it's a legit coin.

[Hobo66]

It's scary to invest in something so expensive. But i think it's not a bad thing to have one, god knows how high it may reach. If I could I would buy 1. I believe it still has the X5-X10 potential by Q1 of 2022/ just my personal optimism. but it's a legit coin.

[Tigerheart3026]

Bitcoin directly can't contribute to increase our economic GDP growth, Because it's not like that play significant role with fiat money,
Not much government's adopted Bitcoin. But it's helping a lot financially in the pandemic situation for a person to buy food and others essential stuff. A lot of improvement of a person by Bitcoin.

[tatalin]

Bitcoin directly can't contribute to increase our economic GDP growth, Because it's not like that play significant role with fiat money,
Not much government's adopted Bitcoin. But it's helping a lot financially in the pandemic situation for a person to buy food and others essential stuff. A lot of improvement of a person by Bitcoin.

It is true, if you will think of it for an individual perspective. Bitcoin has save a lot of people due to its increase in price from last year. So lucky for those who have bought Bitcoin below USD10,000. But if we will assess the impact of Bitcoin with our economy, for an overall perspective, I agree with you. Bitcoin didn't contribute much for the growth of the Economy, example is our country. We are much in debt right now and I don't think our government invested in Bitcoin just to have money to pay our creditors.

[Alert31]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

I think bitcoin can only help for individual situation during this pandemic but it doesn't have any huge help for the economy. Maybe if bitcoin is legalize in one country and all holders will pay tax then it will also help the economy.

[Asuspawer09]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin definitely has a big effect on an economy of a country but it's not just all good effects but has something that bad when it comes to the economy so it might not be a help at all.

Maybe for some people who are invested in bitcoin, this cryptocurrency is a big help because it could provide profit in this pandemic where most of the people are jobless.

Bitcoin could be used as an online transaction since it's a pandemic but I don't see any big effect on this, maybe if bitcoin is already used in a country or legalized in a country it might help at some point.

[Dewi Aries]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Mostly yes, because i am not resist sometimes i lose in trading or maybe on other activity. But with crypto, it still really help my life because other than signature campaign (bountis) i am do some airdrops and it can give me good rewards. Or maybe atleast it already enough to live in my country.

[iTradeChips]

The economy is a complicated thing, there is no single economy factor that can be solved by Bitcoin alone. The economy is complex and Bitcoin alone, in my opinion cannot save it. Bitcoin might be able to save individual fortunes but not a country's economy or even the world if you come thinking of it. This is what I feel and possibly if you asks some academics as well, they might agree with me too. Bitcoin can never be the savior of one's economy in general.

[btc-facebook]

Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
What are your thoughts on this. Could this cryptocurrency help people give some new direction?

cryptocurrency is not a solution to making money, but there are many ways to make money in cryptocurrency,
so it helps or not all depends on what you want to look for in cryptocurrency.
If you look at the purpose of cryptocurrency being created, cryptocurrency aims to make it easier to make payments quickly and low fees, and after the emergence of the pandemic, many people used cryptocurrency as an alternative to payment.

[TribalBob]

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months.  yesterday I sold it and for me one big advantage

[Twinkledoe]

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months.  yesterday I sold it and for me one big advantage

That is right. Even if bitcoin is not directly influencing the economy of a certain government, but somehow, it helped a lot of users here during this time of pandemic. Have read in this forum alone, that joining bounty programs here saved them from this pandemic and earn bit of income owed to this forum. So even if we are not looking at a larger picture here, in a way, crypto gave something to hold onto to a lot of users particularly small timers in crypto.

[Distinctin]

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months.  yesterday I sold it and for me one big advantage

That is right. Even if bitcoin is not directly influencing the economy of a certain government, but somehow, it helped a lot of users here during this time of pandemic. Have read in this forum alone, that joining bounty programs here saved them from this pandemic and earn bit of income owed to this forum. So even if we are not looking at a larger picture here, in a way, crypto gave something to hold onto to a lot of users particularly small timers in crypto.

Indeed, it helps a lot for those who trusted it but not enough to give a huge impact on the country's economy (maybe if everyone is adopting and investing in Bitcoin). But if we are pointing out to individual life, can't imagine a lot of people come in here having a huge profit in returns and that really big enough to uplift their life status. Yet, not to be considered as the main source of income but sometimes we can tell ourselves that it gives us a lot more than what we can get from our job. 

[sulendra12]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

For people treats Bitcoin as the currency and especially who comes from bitcointalk, they will most likely feel that Bitcoin helps their economy a lot. Either it helps themselves or other people and to best honest that sounds fair with so many opportunities you can get from Bitcoin.

[elisabetheva]

in my opinion bitcoin does not affect the economy of one country, because bitcoin is not said to exist for the government, so that is what makes bitcoin not able to be said to be a supporter of the economy of a country, but bitcoin can improve the individual economy, for example, I personally collect bitcoins from 2018 to months.  yesterday I sold it and for me one big advantage

bitcoin is independent and there is no one institution that can do bitcoin and order it to do something. so it is clear as you say that there is no direct relationship between the existence of bitcoin and the economy of a country, it can be ascertained that they move individually. although it may be used to complement and need between.
The role of the state can also regulate to advance in terms of taxes which can be done if it is for progress, because the role of the government is clearly still needed in order to run well.

[Kayum10029]

I imagine Bitcoin as the biggest turning point of my life.  Cryptocurrency has already completely changed my life.  It’s been cherished as an alternative job in my life.  With the money I earned from Bitcoin I was able to run my education expenses with my family.  So I recognize Bitcoin as my biggest job.

[masphie]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Yes of course, but maybe not everyone know about cryptocurrencie. I think crypto is one of the many ways to earn extra money during this pandemic. Because, we can do anything digital-based to get money. But for me.... Crypto like second income since 2017.

[isaac_clarke22]

~

cryptocurrency is not a solution to making money, but there are many ways to make money in cryptocurrency,
so it helps or not all depends on what you want to look for in cryptocurrency.
If you look at the purpose of cryptocurrency being created, cryptocurrency aims to make it easier to make payments quickly and low fees, and after the emergence of the pandemic, many people used cryptocurrency as an alternative to payment.

Kind of misconception by a lot of people that cryptos are money-makers, while forgetting that it was made to be an alternative to fiat we got today.
Bitcoin alone for economy isn't gonna solve what current problem it has right now.
Even if we have our own currencies these days plus banks, we still have a lot of problems to face. Count poverty as one.

[0t3p0t]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add  and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

[Lordhermes]

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add  and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

I agree to what you are intending to apply, in my country the same procedure to saving the economy is recognized by the citizens, as it is now, almost 70% of my country youths have been able to pay her own bills upkeeps. By gradually doing this the economy will be regaining herself to stay stable.

[milani]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

In my opinion cryptocurrency and Bitcoin itself have already gave new direction and lots of opportunities long ago when they appeared. And of course our world is being transformed nowadays. But cryptocurrency has no impact on global economy, it changed the way of thinking for lots of people worldwide, and gave new ways of reaching their aims, getting profit or fulfilling the idea into life. In case the governments accepted the crypto in addition to national assets so cryptocurrency will participate in building and in influencing on the economy's, but nowadays it is still on the way of it's developing.

[N2CoinOfficial]

Definitely Not! Bitcoin will not change the economy because some countries still does not accepted crypto as a currency.

[syedakhlaque]

Yes, I think that bitcoin can save our economy. Bitcoin has the potential to play a positive role in boosting up the economy in some awkward situations or in some particular situations. In a such situation, you can earn and improve your economy through trading bitcoin. Although, It needs a great concentration,study,knowledge & experience. But through hard work, you can do everything to save your economy.

[Newlifebtc]

It will because I am leaving in a cryptocurrency friendly country but of course depends on the percentage of the cryptocurrency users. Taxes are to be paid during cashout through local exchanges and that is where we could help the growth of the economy. Here in my country I can feel the tremendous surge of crypto investors and users during the pandemic and for me it actually add  and bring back economy slowly. We already know that online transaction or crypto related job is common nowadays so it helps us in a convenient way.

I agree to what you are intending to apply, in my country the same procedure to saving the economy is recognized by the citizens, as it is now, almost 70% of my country youths have been able to pay her own bills upkeeps. By gradually doing this the economy will be regaining herself to stay stable.

All these can only exist for country that aspects Bitcoin, development country can not need Bitcoin to develop their environment, Bitcoin can only support economy of the country if they agree together to bring bitcoin closer  to every citizens and what it will do is to reduce unemployment to people.

[romero121]

Bitcoin is innovated for different purpose, and so it has nothing to do with economy. When we talk about the saving the economy of a country, it all depends on the development the government take forward for the upliftment of its citizens.

Bitcoin adoption might streamline the usage of technology and gives transparency which could lower the corruption happening in each and every country. When corruption gets stopped, automatically the economy of any country will grow.

[bhooscream]

I cannot say fully  but yes that Bitcoin and other cryptocurrency exactly help my life so far. Moreover during this pandemic in which I must stop working.
I can still survive and earn money from crypto, especially trading although not day trade.
Bitcoin really can help my life to be better and also my family

[Gyfts]

Bitcoin itself can’t save the economy, but Bitcoin can be used as a fall back/back up in case the government loses control of the monetary system because of BRRR money-printing.

I think it can save an economy, granted the adoption of Bitcoin is universal or at the very least competitive enough for fiat currency within an economic system to be forced into competition with BTC.

Right now, any one country will have a monopoly on the currency, so there is no incentive for fiscal responsibility. If you take a failing economy, and either implement BTC as the universal currency, or relax regulations and encourage its adoption, I think you can stir up economic activity to a failing economy.

Though, goes without saying, it's counter intiutive for a government to introduce a currency that competes with its own, that's why you haven't seen BTC "save" an economy. The economies that aren't working are usually because of government corruption, and introducing BTC would give up too much control on the economy.

[Frengki_cisco]

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

A situation that can answer all of that, some people succeed, some are unlucky, so which group do you belong to, Unwittingly crypto has changed the life of the world economy, not only individuals, almost all sectors are assisted by crypto in terms of the economy.

If you think crypto doesn't help in the economy, maybe it's all dead, but the proof is crypto is sought after by many people who want to change their economic life.

[Argoo]

Definitely Not! Bitcoin will not change the economy because some countries still does not accepted crypto as a currency.

Even if all states accepted bitcoin as a means of payment, this would still not significantly affect their economies in the direction of improvement. Decentralized cryptocurrency, like any currency of states, cannot create material values, it can only redistribute them. Cryptocurrency provides us with a good opportunity to evade general financial control over people by states and their governments and be an effective means of payment along with the current state payment system.

[LUCKMCFLY]

BTC will always be the best economic alternative due to its deflationary nature, if in countries with high inflation it is the perfect solution, in fact, for me the only solution that Venezuela has is through BTC, I do not know of another economic solution based on the economy traditional nor in its different solutions due to the scenarios that have been presented that have been totally out of the ordinary.

In countries with high inflation, BTC is the best lifeline because when compared to local currency, BTC is much better than a strong currency such as the dollar, Euro, among others.

[Ebede]

I think that bitcoin will at least give many economies an impetus and start to develop. But, you need to competently approach this.

Bitcoin will not help to develop a country, is better that is not all the countries is using bitcoin, because the help of bitcoin can not increase the development increase of bitcoin, economy we are talking about, what is economy and how can Bitcoin help the economy of country that already have a revenue

[Vaskiy]

BTC will always be the best economic alternative due to its deflationary nature, if in countries with high inflation it is the perfect solution, in fact, for me the only solution that Venezuela has is through BTC, I do not know of another economic solution based on the economy traditional nor in its different solutions due to the scenarios that have been presented that have been totally out of the ordinary.

In countries with high inflation, BTC is the best lifeline because when compared to local currency, BTC is much better than a strong currency such as the dollar, Euro, among others.

For some reason bitcoin can be a lifeline for countries that experience hard inflation. The inflation happens as a slow process, if the government was able to correct at the very beginning it could've got solved. Lets consider a country suffering inflation. Now they've adopted the bitcoin and slowly progressing. By the time the market is completely bearish. We can't have exact prediction, if such scenario happens what'll the country experience. How could this help with the economy by the time.

[tulusikhlas]

I answered correctly that bitcoin saves the economy. But this applies to those who have been struggling in the bitcoin world for a long time, in other words, for beginners or even those who are new to bitcoin, you can't say that. What is the reason I say like that? Because they are really pioneering from the beginning and have to lay the foundation for this, for example money (capital), knowledge, and so on.

[bitterguy28]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin cannot help economy beings back ..

if the coins won't be adopted then there is no chance of this to happen , Cryptocurrencies are only here to be adopted and must be use first to helps circulate and make the best out of it.

I think that bitcoin will at least give many economies an impetus and start to develop. But, you need to competently approach this.

Bitcoin is already letting country to develop 

This is why Bitcoin is saving some economy .

[Mr.sprin]

in times of pandemic like this bitcoin is a very appropriate investment but you have to understand how to use it if it's wrong it will be a loss but if you have knowledge of crypto then there is a big advantage investing in bitcoin.

[mindrust]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin has nothing to do with the economy. It is not going to bring back lost jobs. When you impose lockdowns on countries and shut down the global economy, people will lose their jobs, the inflation will go on rampart... Bitcoin isn't magically solve these problems because it is completely unrelated.

If people want to go back to normal like how was before 2020, then we need to remove the stupid restrictions like the vaccine passports. UK already realized this and removed all the restrictions. The rest of the world needs to follow the UK.

[Mame89]

I don't think 100% BTC is a savior because we never leave our main job, but at least with BTC, our financial situation is better than before because we are one of the lucky ones when I forgot to have saved some BTC in one of the exchanges and someone reminded me at the bull market.

[BITCOIN4X]

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin will only benefit those who own it, trade it, and invest with it. Bitcoin will not solve the economic problems of anyone who is not directly involved with it because without bitcoin you can't say everyone will enjoy everything. Yes it can help, but only for anyone who cares and maybe not for everyone.

Bitcoin has nothing to do with the economy. It is not going to bring back lost jobs. When you impose lockdowns on countries and shut down the global economy, people will lose their jobs, the inflation will go on rampart... Bitcoin isn't magically solve these problems because it is completely unrelated.

As I said, it's not for everyone, but it's probably for the majority of people who have owned and traded it over the years. I think it is safe to say that during the pandemic bitcoin has helped its users financially till now especially for those who have invested and held large amounts of it.

[Furious 7]

I don't think 100% BTC is a savior because we never leave our main job, but at least with BTC, our financial situation is better than before because we are one of the lucky ones when I forgot to have saved some BTC in one of the exchanges and someone reminded me at the bull market.

bitcoin is just a form of investment and indeed we do not have to leave the job we have to invest because this is something that is only for future savings.
with bitcoin at least we can make our finances more focused in the future because we can invest our money for future supplies later.
apart from the advantages and disadvantages it is a risk that is faced but on the other hand we also need social and work to support our lives and cannot completely stand idly by with bitcoin.

[Zanab247]

Yes, bitcoin really save our economy during pandemic where many things the government use to improve the economy whenever the economy is reducing in the country. During the pandemic many youths in the community came to discover that bitcoin is a real decentralized currency that will help users to improve their businesses and other things in the community.
Those country that accepted bitcoin really celebrated Christmas and new year very well than those that don't accept bitcoin in their country. During the celebration many bitcoin users were everywhere for celebration and happy with what they have achieved at the end of the year.

[TelolettOm]

Yes, actually really help my economy and finance. So far, we have seen how Bitcoin can really save many people. Although some of them may also lose their money because of Bitcoin. Butin fact, many people also can increase their life better with Bitcoin.
Bitcoin is not only an investment for the long term. But Bitcoin is also a way to earn money again especially through trading or short-term holding (at least this is what I really do so far). Although we know much how risky Bitcoin, but, as long as we can understand how to manage it, I think it is fine neough.
Bitcoin is not for a currency for me, because it is illegal if as currency in my country. But Bitcoin has given me more fiat in currency to save mroe my life.

[Iq45]

Yes, i think Bitcoin and other cryptocurrency save economy.

[LUCKMCFLY]

in times of pandemic like this bitcoin is a very appropriate investment but you have to understand how to use it if it's wrong it will be a loss but if you have knowledge of crypto then there is a big advantage investing in bitcoin.

Yes, it really should be handled with great care, by reference to normality it is always known that in every speculative market at the moment of having a global fundamental it directly affects the market in a negative way, this is like outdoor food for bears, where obviously they take advantage of this slide that the market presents for their own benefit, and of course 'for many traders to go short so as not to miss the moment. Here an intelligent person can take the opportunity to buy cheaper and wait until they obtain good profits, which in BTC is totally safe.

[Fredomago]

in times of pandemic like this bitcoin is a very appropriate investment but you have to understand how to use it if it's wrong it will be a loss but if you have knowledge of crypto then there is a big advantage investing in bitcoin.

Yes, it really should be handled with great care, by reference to normality it is always known that in every speculative market at the moment of having a global fundamental it directly affects the market in a negative way, this is like outdoor food for bears, where obviously they take advantage of this slide that the market presents for their own benefit, and of course 'for many traders to go short so as not to miss the moment. Here an intelligent person can take the opportunity to buy cheaper and wait until they obtain good profits, which in BTC is totally safe.

Wise and experienced traders have that kind of mindset that excel when time like this showing around, you need to adjust and make sure that you do understand the situation. If not, the chance of losing is very possible. Looking with the same perspective as big holders and institutional investors, they know well on how they can gain benefits.

This market momentum is for those who can read and follow the momentum, not easy but bitcoin helps in terms of financial
gains, though, only if you focus and appreciate the sway..

[Ryu_Ar1]

bitcoin is not a savior about our current economy but they can bridge us for a better economy.
the effort out there is very important but indeed we cannot underestimate the impact of bitcoin itself.

[syedakhlaque]

Of course, Bitcoin not only saves your economy but also increases the value of your capital.
Bitcoin and cryptocurrency is the best solution to unemployment in a third-world country. These countries not only boost up their economy after its legalization but can also generate revenue through the bitcoin and cryptocurrency business. Many students in these countries are not a burden for their parents, Because they meet their educational expenses through the bitcoin business.

[Xinarae*]

Bitcoin has been gaining popularity in many countries of the world since last year its use has increased in a very short time in many countries of the world. One of the reasons for this is the expectation of making more profit with this bitcoin in a short time but bitcoin can't save the economy completely. While making a profit through long term investment in bitcoin, no one will give up the main job bitcoin will give a lot of profit if you can keep the right time in the market.

[kotajikikox]

Before know bitcoin i already have a job so bitcoin basically not fully save my economy because I can earn money without bitcoin from my monthly salary but indeed i will admit since i know bitcoin i can increase my earning because bitcoin can provide another opportunity to earn money but although i can get more money from bitcoin i do not dare full time for it and quit from my real job because there always be uncertain situations from crypto world which makes me doubt

Well you have a point since we have our own living strategy even before we found bitcoin and we also have our own income without relying in Bitcoin .

now that we have crypto in our life , there is an upgrade that happens and yes our life is much better and cool now with cryptocurrencies in our side.

so congrats to all of us lol.

[stepwilli]

Before know bitcoin i already have a job so bitcoin basically not fully save my economy because I can earn money without bitcoin from my monthly salary but indeed i will admit since i know bitcoin i can increase my earning because bitcoin can provide another opportunity to earn money but although i can get more money from bitcoin i do not dare full time for it and quit from my real job because there always be uncertain situations from crypto world which makes me doubt

Yeah, you should not quit your real job because jobs are more stable, no price fluctuations and can give other sure benefits but you can decide to quit it once things started to get bad like your employer always scolded you or the work makes you sick. Here in BTC, it is an online job and you can work freely without an employer. There is also ways to prevent your BTC from fluctuating.

In times of pandemic many of us lost their jobs but luckily there is a bitcoin that can save us. BTC is a digital currency and also helps us transact online so we can also be safe from getting the virus out there. It is nice to know that bitcoin is more than just a currency that we know. Thanks to the guys that made it.

[Prosector]

Only those who understand bitcoin would be interested in watching the movie. For others, it would just be a boring movie. It is better to let people choose how they want to learn.

[Chato1977]

never cross my mind that bitcoin saved my economy , but this helps me to have better one .

because starting when i learn about this market and starts investing and advertising? my economy increase and now I may say that growing is what happening in my investments .

[arwin100]

never cross my mind that bitcoin saved my economy , but this helps me to have better one .

because starting when i learn about this market and starts investing and advertising? my economy increase and now I may say that growing is what happening in my investments .

I also feel that way since in the first place bitcoin has not been regulated nor its user getting tax by government so this one really not contributing on the economy for now. But if government will just adopt it and let it flow on their financial systems legaly then provably we can say that it can really help.

For now only my financial state has been change by bitcoin since really help to gain another extra profit by using it on multiple investment options.

[jamkesmas]

I don't think bitcoin is an economic saver but an economic supporter.

I haven't thought of bitcoin as my economic livelihood, I'm still doing my main job as an entrepreneur. Maybe bitcoin is more like a long-term investment for us. and I think most people agree with me

[Chato1977]

never cross my mind that bitcoin saved my economy , but this helps me to have better one .

because starting when i learn about this market and starts investing and advertising? my economy increase and now I may say that growing is what happening in my investments .

I also feel that way since in the first place bitcoin has not been regulated nor its user getting tax by government so this one really not contributing on the economy for now. But if government will just adopt it and let it flow on their financial systems legaly then provably we can say that it can really help.

agreed , +1 on this mate , Bitcoin will sooner be but not in our short time now , maybe in the next 5-10 years it will already .

For now only my financial state has been change by bitcoin since really help to gain another extra profit by using it on multiple investment options.

exactly , our activities and strategies in crypto specially in bitcoin is what helping us , but the generality it wasn't .

so lets stay on this way of development for our future or our children next generation .

[ancafe]

I don't think bitcoin is an economic saver but an economic supporter.

I haven't thought of bitcoin as my economic livelihood, I'm still doing my main job as an entrepreneur. Maybe bitcoin is more like a long-term investment for us. and I think most people agree with me

personally, it can save the economy or not, it depends how to use it. Today, we know that many people have become entrepreneurs because of using crypto, especially bitcoin. I think that indirectly, this saves the economy of a country. if you think back, then the development of a company will be concerned with paying taxes that can help a country. this of course gets two very good things, namely a reduction in the number of unemployed and an increase in the number of entrepreneurs who will pay taxes. however, it can also be a negative thing depending on how it is used.

[Tony116]

I don't think bitcoin is an economic saver but an economic supporter.
I haven't thought of bitcoin as my economic livelihood, I'm still doing my main job as an entrepreneur. Maybe bitcoin is more like a long-term investment for us. and I think most people agree with me

personally, it can save the economy or not, it depends how to use it. Today, we know that many people have become entrepreneurs because of using crypto, especially bitcoin. I think that indirectly, this saves the economy of a country. if you think back, then the development of a company will be concerned with paying taxes that can help a country. this of course gets two very good things, namely a reduction in the number of unemployed and an increase in the number of entrepreneurs who will pay taxes. however, it can also be a negative thing depending on how it is used.

why not? You know that rich people in society are getting more opportunities to invest in real-life and are able to ensure good education for their children because they have the ability to spend while poor people are not getting the opportunity to change their lifestyle. This means that now the rich are getting richer and the poor are getting poorer.

This is leading to economic imbalances. But Bitcoin can solve this problem, anyone who invests in Bitcoin can change their lifestyle without having to be highly educated. I think Bitcoin is able to play an important role in maintaining the economic balance of the society

[rozak]

Bitcoin is not a savior but perhaps more precisely is that BTC has helped the economic growth to be even more increased thanks to investment, and I'm sure not everyone is lucky because of BItcoin.

not all because some people are losing their money. the context will change, no longer focus on bitcoin being the savior of the economy or not. but back to our ability to manage the investment.
for me, bitcoin provides many benefits to my economy. from bounty campaign, trade, also investment. I do it gradually, not in a short time. and now I can enjoy better results.

[cryptobuyclub]

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

[KaliLinux]

Bitcoin is not a savior but perhaps more precisely is that BTC has helped the economic growth to be even more increased thanks to investment, and I'm sure not everyone is lucky because of BItcoin.

Right, some people definitely most have panic sold during the pandemic and those couldn't be calcified as been helped or saved by Bitcoin but overall, most investors that have been in the space for a bit will definitely get that help since most aspects of the economy were down and Bitcoin was more like the only source as it was for me personally back then.

[Wawa2013]

I don't think bitcoin is an economic saver but an economic supporter.
I haven't thought of bitcoin as my economic livelihood, I'm still doing my main job as an entrepreneur. Maybe bitcoin is more like a long-term investment for us. and I think most people agree with me

personally, it can save the economy or not, it depends how to use it. Today, we know that many people have become entrepreneurs because of using crypto, especially bitcoin. I think that indirectly, this saves the economy of a country. if you think back, then the development of a company will be concerned with paying taxes that can help a country. this of course gets two very good things, namely a reduction in the number of unemployed and an increase in the number of entrepreneurs who will pay taxes. however, it can also be a negative thing depending on how it is used.

why not? You know that rich people in society are getting more opportunities to invest in real-life and are able to ensure good education for their children because they have the ability to spend while poor people are not getting the opportunity to change their lifestyle. This means that now the rich are getting richer and the poor are getting poorer.

This is leading to economic imbalances. But Bitcoin can solve this problem, anyone who invests in Bitcoin can change their lifestyle without having to be highly educated. I think Bitcoin is able to play an important role in maintaining the economic balance of the society

I'm not a rich person and after getting to know Bitcoin slowly my economy is getting better. I agree Bitcoin gives everyone a chance to have
a bright future, it can be said that Bitcoin does have a positive effect on those who use it. Because people who have a small income and also
do not have a high education, can still benefit from Bitcoin. It is true that Bitcoin is said to be a solution to change everyone's economy
for the better. Because Bitcoin has been proven to create many new rich people, Bitcoin should indeed get government support.
If there is a country that prohibits Bitcoin, it will only harm the residents of that country, because they cannot benefit from Bitcoin.

[Odusko]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Cryptocurrencies can help in developing countries economy, it helps in eradicating joblessness among the youths,instead of being jobless some youths are into trading using cryptocurrencies and they are making cool money,it also helps in reducing poverty,it helps in solving social trust issue,and  increasing access to financial service,it improve fund traceability, cryptocurrencies really helps developing countries where they don't have leaders that can manage their resources and the citizens are in abject poverty,those that have knowledge of crypto are exceptional there and they are doing well.

[CDC AP]

The national budget of a country for some specific months in a county is sometimes higher than the total capitalisation of bitcoin in marketcap sites lie cmc or coinGecko. Bitcoin is not a tool for saving the economy of a country, and that's not actually the purpose of bitcoin creation. Normally, it is the work of the government to provide liquidity to the smooth flow of a Nation's economy.
As others had said, bitcoin is for a personal purpose, not a governmental purpose.

[kamilah147]

It has been 3 years since the epidemic has made the economy worse, as a result, many people have been laid off at various companies because they are unable to provide wages. what is surprising is that those who have invested in crypto are making huge profits, those who are consistently getting good returns. Likewise with me, crypto during the pandemic can improve my economy, I started trading in 2017 with small capital. It turns out that patience pays off in huge improvements. Crypto is the best platform for me to date.

[nicolerichardson]

I don’t think it would be right to say that bitcoin can save the economy. That’s simply because not every country is going to accept it as a legal affair. No government would like to lose control of its financial system and that’s easily understandable.
What is even more wrong is thinking that it is a good way of making money. We better don’t overlook the risks involved with crypto trading.

[Flyingjack123]

Bitcoin offer distinctive advantage of protecting value of money from vessitudes of economic downturn of any country, except for US dollar.
For instance just think had any Venezuelan had invested in bitcoin. He could have saved his asset with fall of their economy.
Similarly any investment by Russians in bitcoin is cushioned against fall of ruble.
Thus yes bitcoin can save personal economies.
Now more and more private enterprises have also started accepting bitcoin.
We will see this will liberate our money from the hands of governments
As for governments lets see what happen to el selvador in long run.
They have become the field lab for this pilot test of bitcoin based nations

[liupengpeng]

     


         imToken.sc

[fzkto]

I don't think bitcoin can help save the economy, rather the opposite, it can break it. If people will use bitcoin, it means that central banks do not take part in the circulation of currency in the country. Therefore, people don't trust banks and don't use their services. Without national currency, the country cannot exist, the value of any commodity is still measured in fiat currency everywhere. If the whole world were to use bitcoin, then we could talk about a new economic model. But so far this is not possible.

[Doan9269]

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I believe one of the reasons that brought you here on the forum is to benefit from the features bitcoin has come to offer to the economy, if bitcoin has not been by any means good for you then you wouldn't have come to it global platform like bitcointalk.org

Understand that bitcoin is the game changer of the economy, its a global decentralized digital currency which is not tied to a specific region and its limitations, look at the statistics of bitcoin users how it is increasing on daily basis, the economy now revolves round the blockchain technology which bitcoin has already initiated at first. Come to think of privacy, security, trust, fast, less charges on transaction, employability, accuracy, reliability and decentralization, all this are part of the benefits bitcoin has come along with to help boost the economy more stronger than the effect of what gold could offer into the economy, as a matter of fact bitcoin now is more trending than gold in adoption and profitability.

[Webetcoins]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Pandemic is not a new thing anymore. The first effect of the pandemic are brutal but later on people learn to cope with it. The latest issue that the economy is facing right now would be the recent war that happened in Ukraine and Russia. We can say that our economy is affected badly due to the sanctions that are being applied to Russia because its effect are not only felt on this country but it is being shared globally.

Cryptos and bitcoin can somehow help especially for payment purposes because people can't go outside during pandemic and in wars. Also it can bypass restrictions given by some banks in Russia. Next would be, people can use it to earn and there are now career that sprung up related to this industry.

[lepbagong]

It has been 3 years since the epidemic has made the economy worse, as a result, many people have been laid off at various companies because they are unable to provide wages. what is surprising is that those who have invested in crypto are making huge profits, those who are consistently getting good returns. Likewise with me, crypto during the pandemic can improve my economy, I started trading in 2017 with small capital. It turns out that patience pays off in huge improvements. Crypto is the best platform for me to date.

maybe you are one of the very lucky ones that since 2017 you have been acquainted with crypto, so that when a pandemic occurs and the economy is very disrupted, you are actually able to move and can solve these economic needs.
Indeed, during this pandemic, there are many people who are experiencing economic difficulties because of some of the problems they are experiencing and the biggest one is layoffs, aka unemployment. crypto has made a series of phenomenal ones by releasing a lot of people from that predicament. so I agree that the existence of crypto has provided a lot of financial assistance to meet these desperately needed needs, so it is true that crypto is one that keeps the wheels of the economy running and saves many people.

[horrifiedx1]

With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Pandemic is not a new thing anymore. The first effect of the pandemic are brutal but later on people learn to cope with it. The latest issue that the economy is facing right now would be the recent war that happened in Ukraine and Russia. We can say that our economy is affected badly due to the sanctions that are being applied to Russia because its effect are not only felt on this country but it is being shared globally.

Cryptos and bitcoin can somehow help especially for payment purposes because people can't go outside during pandemic and in wars. Also it can bypass restrictions given by some banks in Russia. Next would be, people can use it to earn and there are now career that sprung up related to this industry.

as we saw when the pandemic occurred, bitcoin actually increased its price, and at that time many new rich people emerged because of cryptocurrencies. therefore from several sides, bitcoin seems to provide new hope for those who are knowledgeable to pursue a career in order to achieve financial freedom. and this happens a lot among young people who actually become new millionaires. after getting a lot of money, of course it will be easy to diversify it to other assets for the safety of our funds

[AakZaki]

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I don't agree with you. Economics has to do with finances, and bitcoin has left me with more money. Regarding the issue of Inflation, Gold Reserves, Import Exports, it relates to the price level which is what my economy needs. So as long as I still have money and can meet my economic needs I will not think about that problem. Bitcoin makes me have money and money makes me better in economics. So I think Bitcoin has an effect on a person's level of economic capability.

[CNMOH]

Well depends of the countries, as my country crypto currencies in not popular, even government don't have any idea about this, they know only bitcoins for scam and this will not solve to save our economy, I think that this is a personal earnings not for government or country like us to bloom our economy in bitcoins or crypto industries.

[Wimex]

Examples of economies as inflationary as that of Venezuela, the BTC could be of help, although this can be taken from various points of view such as personal or at the government level. Bitcoin if it could mark a before and after to combat the inflation of a country, I read that in an article recently, https://cointelegraph.com/explained/is-bitcoin-a-hedge-against-inflation

Touching a little more on the example of Venezuela, it was commented that

"the figures that seemed to show a change since July 2021, gave a discouraging rise at the end of March 2022, placing its inflation at 251%"

Taking it to a more personal perspective, in March while this country was trying to recover from its inflation using the dollar as a support, which did not work because it had fallen by 2.8%, due to the events between Russia and Ukraine. But other people managed to resist thanks to bitcoin.

Source: https://www.bullfrag.com/venezuelas-inflation-in-march-killed-any-backup-plan-in-dollars-or-bitcoin/

[Mr.sprin]

In my opinion, in the future bitcoin can save the economy because in the future crypto currency is one of the most valuable assets if you currently have crypto currencies like bitcoin in your wallet then you are one of the billionaires in the future.

[bubidan.id]

Not necessarily cryptocurrencies can help everyone in bringing this pandemic back. Because we can't equalize everyone who knows and can use cryptocurrencies, maybe only some people understand it. Like our parents' generation in the past, do they know cryptocurrencies, I don't think all of them. But for our generation, especially the Millennial Generation, I believe it will be helpful and can help everyone because of cryptocurrencies.

[LUCKMCFLY]

When we talk about saving the economy we can deviate in a certain sense, if we go to particular economies, depending on the nation you are in, it is likely that it will save your life, if you are in countries with a net inflationary economy by having BTC you can solve everything magically, but in countries with stable economies, any movement of BTC does affect, especially if it affects the decline, because the loss is translated into FIAT, normally in the USA, which is one of the most prosperous countries, an increase of Inflation by Biden of more than 8% is a thoughtful figure for a government of this style, so this makes it clear to us that the BTC can be used as a means of temporary refuge and even safe if you want.

[Smack That Ace]

No, I don't believe so. Bitcoin or any other crypto doesn't have any role in saving the economy.
The factors which are responsible for the economy are Inflation, Gold Reserves, Import Exports, etc.

I don't agree with you. Economics has to do with finances, and bitcoin has left me with more money. Regarding the issue of Inflation, Gold Reserves, Import Exports, it relates to the price level which is what my economy needs. So as long as I still have money and can meet my economic needs I will not think about that problem. Bitcoin makes me have money and money makes me better in economics. So I think Bitcoin has an effect on a person's level of economic capability.

Bitcoin cannot save the world economy, but for one person this is quite possible. As fiat currencies increasingly depreciate, investing and holding Bitcoin will allow us to avoid the devaluation of currency. When inflation occurs, what we need to do is do more jobs to increase our income so that we can spend it. In a long time, Bitcoin will only increase so holding Bitcoin is one of the ways to significantly increase our wealth to deal with inflation.