You Think Bitcoin Save Your Economy

[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.