You Think Bitcoin Save Your Economy

[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.