Bitcoin Economic Advantage

[Wiwo]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

[Hydrogen]

Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

In theory, everything you said is 100% true.

In reality, I expect short sellers to target bitcoin for destruction. Identical to how they targeted and tried to kill tesla stock, twice.

There was a time only a few years ago when many experts and analysts in the media said tesla stock was a "bubble". They encouraged traders all over the world to short and sell tesla stock under the expectation that it would decline in value. What happened? Tesla stock increased in value. All of the short sellers got badly burned losing more than $4 billion dollars on their bets that TSLA would decline.

Hopefully bitcoin can also succeed the way that tesla did.

[magneto]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

The bull run does wonders.

But honestly, in the long run, bitcoin isn't going to be a panacea for every problem that we have in the economy.

It's not going to solve unemployment, world hunger, etc. at least not directly like the way that some people tend to push it as. It is however going to always be there as a viable store of value that shields your wealth from the government's arbitrary decisions.

[Haunebu]

Economic and financial independence has always been one of the biggest plus points associated with BTC and other popular cryptocurrencies. The primary intention of BTC and other popular cryptocurrencies is to put the power back into the hands of common people.

How? By features such as decentralised financial activities, lowering dependence on physical FIAT etc. These features are basically why the world governments feel threatened by crypto which is why some try to regulate them and some others try to ban them.

But honestly, in the long run, bitcoin isn't going to be a panacea for every problem that we have in the economy.

It's not going to solve unemployment, world hunger, etc. at least not directly like the way that some people tend to push it as. It is however going to always be there as a viable store of value that shields your wealth from the government's arbitrary decisions.

True. I would also like to add that popular cryptocurrencies serve as alternate payment options which could be very useful in various situations.

[AmoreJaz]

Economic and financial independence has always been one of the biggest plus points associated with BTC and other popular cryptocurrencies. The primary intention of BTC and other popular cryptocurrencies is to put the power back into the hands of common people.

How? By features such as decentralised financial activities, lowering dependence on physical FIAT etc. These features are basically why the world governments feel threatened by crypto which is why some try to regulate them and some others try to ban them.

But honestly, in the long run, bitcoin isn't going to be a panacea for every problem that we have in the economy.

It's not going to solve unemployment, world hunger, etc. at least not directly like the way that some people tend to push it as. It is however going to always be there as a viable store of value that shields your wealth from the government's arbitrary decisions.

True. I would also like to add that popular cryptocurrencies serve as alternate payment options which could be very useful in various situations.

lucky for those who got into this market, and understand how things work here, in order to earn money. many are trying to get hands on this market for the mere purpose of gaining large profits, but not all of them can attain such target. because once they got in, they realised it it is not easy as it seems. you can't learn the skills here overnight. you need time to at least get the grasp of what's going on and understand how you can generate profits.
every coin or token you will venture with, have their own time in the market. so that's what you need to monitor. how you can optimise your profits for each coin you are holding. that will take patience and your time.

[romero121]

This prevails in most third world countries where there is big economic problem, particularly unemployment. Cryptocurrency gave access to earn something than nothing during the lockdown when more number of job cuts took place. By the time some were lucky to make it a better earning out of luck/knowledge acquired on blockchain and cryptocurrencies.

The need for blockchain developers have increased a lot, and the same have made College/Universities offer more number of courses for blockchain related studies. In my view it hasn't made people to be economically independent, big it has added some earning to make life better.

[Dave1]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

Yeah, it could be giving us a sort of economic freedom and then we can used bitcoin to store our wealth as well and not be dependent on banks. And we all know that if a economy suffers, we might see some bank runs so there are chance that we might withdraw our money in the first place.

Nevertheless, it will still be a long way to go for the majority of us. I mean there are still countries that are totally against bitcoin so the population can't enjoy this kind of freedom.

[Gyfts]

This prevails in most third world countries where there is big economic problem, particularly unemployment. Cryptocurrency gave access to earn something than nothing during the lockdown when more number of job cuts took place. By the time some were lucky to make it a better earning out of luck/knowledge acquired on blockchain and cryptocurrencies.

The need for blockchain developers have increased a lot, and the same have made College/Universities offer more number of courses for blockchain related studies. In my view it hasn't made people to be economically independent, big it has added some earning to make life better.

Education in conjunction with poverty. Bitcoin is not a factor in 3rd world countries and never will be. They're not well adjusted, have no technological advancements, and their economies aren't close enough to warrant crypto usage. The goal of a 3rd world country is not wealth, it's survival. You use Bitcoin if you have wealth within a working economy and want to preserve it, you don't use Bitcoin to survive. That's not to say that lockdowns didn't effect 3rd world countries, but the GDP lost was nothing compared to the top leaders in China, NA, and EU regions.

[so98nn]

Despite the fact that bitcoin is decentralised and uncontrolled asset, it is staying very strong. Just imagine one thing here, though there is no minimum share which is locked up forever then also bitcoin is growing in its value all the time. I mean as an example for any company there is at least 51% share holding by the directors or founders which create permanent resistance to share price. However this is not the case with bitcoin. There is no such fixed share, it can be diluted to the last bit also and become zero! But this never happened due to its firm and positive impact on the investors. So we do have economic model which is sustaining with crazy value.

[traderethereum]

Bitcoin offers people the will to make money and take care of their own money without using a third party to manage their money.
Unemployed graduates can also join in crypto as long as they can connect to the internet and search for the opportunity to make money.
If they can work from the internet, especially in the crypto world, they can change their lives and will have a better life in the future.
As long as they are willing to have a better life and want to work, they will succeed in the future.

[bitzizzix]

That's the greatness of bitcoin because it is able to create independence in handling finances and also the economy for those who use it in different ways to be able to make money, to meet their needs and also for their future by trading and investing.
to get involved with bitcoin you don't have to be highly educated and also have expensive tools to get them, they just need a small device i.e. a cell phone which can access the internet and that is enough to use to generate income from bitcoin or other crypto which is an opportunity for those who are unemployed and also those with low education, the most important thing is that they are willing to try, willing to learn, have the will and also have the passion to improve the situation and this industry is a source of income for everyone and have the desire to change their lives independently.

[Sterbens]

It just takes the right calculations and thinking about how the Blockchain work system will offer useful services for the future. With the inflation rate and the economic instability of a country, it certainly squeezes all elements to be able to save themselves to a better level of improvement. As is the case today, the correction hit the alternative to the resistance. And the fact is that those who can be friendly in the long term must also prioritize potential. Bitcoin is also entitled to correction, but the rate of correction of Bitcoin and its increase will be much faster than the inflation rate which will have to be corrected by agreeing on a loan from the central bank. .

[Wiwo]

Bitcoin offers people the will to make money and take care of their own money without using a third party to manage their money.
Unemployed graduates can also join in crypto as long as they can connect to the internet and search for the opportunity to make money.
If they can work from the internet, especially in the crypto world, they can change their lives and will have a better life in the future.
As long as they are willing to have a better life and want to work, they will succeed in the future.

Bitcoin has given most people the financial freedom that is needed, one has to know the fundamental usage of bitcoin and the blockchain technology, one of the most important aspects of bitcoin is to give its end-users the will to be independent.

[dothebeats]

Bitcoin actually gives you the freedom to control your assets and use it to your advantage. We've seen how people utilized bitcoin to aid them on their failing local currencies, and we've seen them fare better compared to just continuously using their local currencies that have no hope.

Then again you simply can't erase local currencies from the equation. One way or the other, one will have to use local currencies since bitcoins and crypto can't still be used directly to pay for goods and necessities. At best, bitcoin can serve as a hedge against inflation—at least for now.

[yhiaali3]

The same thing here in my country. Corruption, inflation and economic paralysis have led to the national currency losing its value and no longer worth anything. The cost has doubled and the chances of getting a job have decreased, and wages are very low because of wars first and then because of the government’s stupidity in dealing with the crisis. I am one of those who found financial freedom through Investing in Bitcoin and Crypto I started independent from the government job salary which is not worth anything, I get a good income through my work on Crypto and I no longer need this paltry salary.

[kryptqnick]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

My country's very similar, but it's trying to improve its state. One of the ways of doing it is that we're planning to adopt cryptos, create favorable regulations of them. This might help the economy. We're also planning to move some registers onto blockchain o ensure transparency and avoid fraud. These things can affect the country a lot. But as for mere usage of cryptos by individuals, it can benefit some while bringing unfortunate times for others, but to fix a broken country, changes must be country-wide, I believe, and Bitcoin, on its own, cannot to that.

[Kimonoe]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

indeed there are some countries that have economic problems so that their currency is not worth legalizing bitcoin as a currency, but for developing countries and even developed countries are still considering its legalization, in my country inflation always rises every year, but it is still far from legalizing bitcoin as a savior of the economy . I don't know, politics and economics are hard to separate

[Lucius]

Bitcoin has given most people the financial freedom that is needed, one has to know the fundamental usage of bitcoin and the blockchain technology, one of the most important aspects of bitcoin is to give its end-users the will to be independent.

Although I agree in principle that Bitcoin can help an individual not to be completely dependent on the existing financial system, it is not a one-way street where honey and milk flow. The question is how does the average Bitcoin investor feel today when about 20% of his value has literally melted away in the blink of an eye?

I believe that many woke up and were unpleasantly surprised, especially those who invested not so long ago when it seemed that it was only a matter of days when some magic would double their invested amount.

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy...

You are not the only one who has such a problem, and I can tell you that in many countries that are considered part of the advanced and civilized world, the situation regarding corruption is very bad. The difference is that people may be living better in those countries and not paying too much attention to what those at the top of the pyramid are doing.

[palle11]

Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

I don't believe bitcoin should be the independence in financial economy that people seek for. The volatility of bitcoin is capable of bringing the savings of a family down within minutes and then the family goes back to zero level to either start from beginning again or separated because finance is important in family lives. Look at what happened yesterday  with the price of bitcoin, it went down cutting off more than $10,000 for just a day and this affected altcoins. This is the reason for diversification.

Bitcoin is independent from the view of blockchain but putting all you have in bitcoin or cryptocurrency is not independent.

[Fortify]

I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.

It's great news that people have options in a country where the leadership are clearly running the economy into the ground. Just be careful though because even with the stability that Bitcoin affords you, the money you're putting into it will have transactions in and out. If the government is able to figure out that certain people have a vast sum of stored up funds, then they may try to target those amounts with all sorts of taxes or persecution. The thing would badly run governments is they are always looking for someone who can bail them out or someone they can blame problems on that the politicians have often built themselves, make sure you stay safe.