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Author Topic: bitcoin helps the economy of all circles  (Read 820 times)
Leviathan.007
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January 16, 2023, 08:57:02 PM
 #21

   many people who profit from investing in bitcoin but many also lose because of investing in bitcoin, but the cause of people who lose because of investment
in bitcoin include:

 : the result of not being able to withstand it so that it is finally sold at a low price, and the causes are various, such as panic because prices have fallen, or because there is an urgent need for life, so that you are finally forced to sell bitcoins.

but there are also many who profit from investing in bitcoin, but those who profit are usually people who are strong at holding bitcoins. and sell it when the price is high.

bitcoins help a lot
economy of all circle, including:

: many rich people invest in bitcoin and get big profits.

: poor people can also benefit from bitcoin, if they are interested in investing in bitcoin. and not a few people who were once poor are now rich.

: people who have physical impairments caused by accidents or who have been born with disabilities, they can also invest in bitcoin as long as there is a will, and I see many people with disabilities (physical impairments) who are now economically assisted by investing in bitcoin.

and the unique thing is that investing in bitcoin can be done with small capital, even less than a dollar. so bitcoin is very unique and helps the world community a lot.

what do you think about bitcoin have you ever been helped economically by bitcoin.?

The most important bitcoin can give you is freedom and with bitcoin, you really feel that you own the money you have and the asset is fully under your control while that's not something you can get when you are using any other things like the traditional currencies.
In the other hand, as you mentioned bitcoin can help even poor people to invest even with small amount of money and expect high returns due to the nature of the market.

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January 16, 2023, 09:00:06 PM
 #22

Bitcoin has create a very good name to some of us that are investing in it and it has create development for most of us here, this has generate good mission to every one and that why most of us love doing investing in it.
It has brought alot of open doors to our ways and it has help the most people great and to get to there goals in life.
This were you can invest with 70% rest of mind and comfort too,in it you will fine gain and lost during investment. And don't thinks of it the order way that it don't help if you see it as if it cannot help you, you need to know the main thing you are doing because that not bitcoin

Bitcoin is a means to help alot of people who really what to invest there money to gain goo profit remember that the bible says that what a man soulwet so shall he ripe,so if you should invest in bitcoin you will be very happy and it will smoke room for alot of things to happen in your life, you will see a difference of investing in it and not to be scammed by any forum that you get loss then profit.
I will agree with you in your sentence and your statement but in the same time what has happened in Bitcoin investment I will say that 50% might be benefited Bill and profitable to people why the remaining 50% other people experience the bad side of it so we cannot conclude that having bitcoin investment is the highest kill or highest way of investment so it depends on your bulletin of having again or locks in Bitcoin investment

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January 16, 2023, 09:06:07 PM
 #23

what do you think about bitcoin

Bitcoin is a great tool for financial transaction freedom.  It enables us to have a frictionless payment and does not need intermediaries in order to transfer funds.  It also lowers international transaction fee because we can send it directly to the other person anywhere in the world.


have you ever been helped economically by bitcoin.?

It does help me economically, I am one of those underbanked/unbanked individuals but with the introduction of Bitcoin I am able to perform online transactions what's more, I can also transact internationally with the use of the Bitcoin payment option.

Globally means worldwide, and some countries don't even accept bitcoin adoption, so how will it have helped global economy, which is impossible. You can say that bitcoin has helped individuals who are investors, to have a life assured assets i.e securing their future from fiat depreciation.

A good argument but once Bitcoin is accepted globally, there are lots of things will be realized such as transparency, financial inclusion, inflation and money devaluation and many more.

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January 16, 2023, 11:26:06 PM
 #24

I believe that any country who invest into Bitcoin and they have inflation in their country with the investment they have in Bitcoin will help them to regain some certain loss because bitcoin is something that I appreciate and the in sometimes too it does not appreciate it goes down so investing in cryptocurrency and monitor it will take little knowledgeable people I think that the country will not lack anything concerning their economy

The thing is that a country opting to use Bitcoin only will lose control of managing their own monetary policy. That could be a positive thing though, but it doesn't shield the people of having tough times.

Sometimes you just have to spend less, and with Bitcoin that's also true. The thing is that with fiat they created an illusion that you can always spend more. Forever, with ever increasing debt. Well, that debt is not magically going to go away any time soon.

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January 17, 2023, 10:05:08 PM
 #25

...
bitcoins help a lot
economy of all circle, including:
...//...,,
what do you think about bitcoin have you ever been helped economically by bitcoin.?

I don't really know if faith is involved with its context, bitcoin is a means of payment, it doesn't think, the one who thinks is the user, and in that sense sometimes it doesn't matter in the process how good the "technological means" used is, if not how that technological scope is used by individuals.

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January 18, 2023, 11:04:49 AM
 #26

The technology behind Bitcoin is remarkable. What Big companies with adoption of this technology will do, will push this system through the roof. CB tried to stop it, they tried a few times but there was no success. Cryptocurrencies can be in our hands and the technology behind them also. Wait for big adoption of WEB3.
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January 18, 2023, 11:20:59 AM
 #27

I think this opportunity is exclusive, no matter what circle you come from. And it's time to stop assuming that bitcoin only supports one's economy from its volatility. Bitcoin is a means of payment, not an investment instrument.
Yep, I was helped by bitcoin with some unusual job opportunities I got from around, luckily I had the will to learn more about it.

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January 18, 2023, 12:30:49 PM
 #28

People who are wrong about investing in bitcoin are lack looking for more information and only follow what the people who invite them to invest in bitcoin say. Mostly, that happens to people out there because they don't want to look for more information and only rely on their friends to invest. They are not trying to learn to analyze to find when to buy and hold and sell but ask others when to buy and sell.

Investing in bitcoin is not just a matter of buying and selling. There are times when you can buy like. For example, you buy bitcoins when the price drops sharply and at a low price. And if they can do it, they will benefit when the bitcoin price increases as high as it is now, even though it's not very high.
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January 18, 2023, 12:58:24 PM
 #29

...
what do you think about bitcoin have you ever been helped economically by bitcoin.?

Investing in bitcoin is not the main purpose of bitcoin and when we talk about economy we should understand that nowadays's economy model is based on an inflation and bitcoin is a deflationary asset. So integrating bitcoin into economy makes changing economy basing on a new status quo. It is not an easy process and we'll see how many things will change in the future and impact of investing in bitcoin will be not the biggest in entire economy.

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January 18, 2023, 02:54:37 PM
 #30

...
what do you think about bitcoin have you ever been helped economically by bitcoin.?

Investing in bitcoin is not the main purpose of bitcoin and when we talk about economy we should understand that nowadays's economy model is based on an inflation and bitcoin is a deflationary asset. So integrating bitcoin into economy makes changing economy basing on a new status quo. It is not an easy process and we'll see how many things will change in the future and impact of investing in bitcoin will be not the biggest in entire economy.
Helps an individual who won from trading or investing but with the economy I doubt  Bitcoin is not even widely accepted by consumers. Also, this is somehow blurry. This crypto industry generates profit for the investors due to its market price volatility. But since that is volatility we were talking about, imagine how big the loss could be if your assets are store into it. The idea is already there but if this would be a decision from government leader, that would be one sided.  Because there is a higher tendency for them ( as evident with the present( to restrict its usage if taxation will be off with their hands despite of years or  decade of progress.

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January 18, 2023, 02:58:46 PM
 #31

Bitcoin doesn't help anyone economy, but actually people are using Bitcoin advantage to change or improve their economy!

Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.

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January 18, 2023, 08:35:40 PM
Merited by Cookdata (2), Ndabagi01 (1)
 #32

Bitcoin has made life simpler and easier for many young people in many societies and for those who believe that bitcoin can make a person's life better. Bitcoin has also saved some lives because when you invest and you have a financial problem, you can use your invested money to help yourself out. However, I have seen many people who trust and believe in bitcoin who are very comfortable in economics activities and other financial situations and  I'm also here to know more in the forum as a newb member to know more about bitcoin and other crypto activities

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January 18, 2023, 10:12:49 PM
 #33

Bitcoin doesn't help anyone economy, but actually people are using Bitcoin advantage to change or improve their economy!

Bitcoin isn't a charity where the owner e.g. Satoshi Nakamoto is giving away free Bitcoin to anyone, there's a Bitcoin faucet, but right now it's wasting time and doesn't worth it. The poor people still need money to buy Bitcoin, only early investor who spend for few dollar to buy thousand or more Bitcoin become rich.

Bitcoin values your value.

If you were one of the early adopters, there was a lot of risk for you and no guarantees of anything. Bitcoin needed those first few people, so it makes sense to have a massive reward for those massive efforts.

Creating all those new tools, miners, etc, putting money into that new thing called bitcoin, etc, all of that is a massive value people were putting into Bitcoin, so today they might be rewarded a lot for it.

If on the other hand you just put one dollar today, when the network is worth hundreds of billions of that, then you're not adding too much value, so you're not going to get much back.

There are also of course other ways to add value to Bitcoin today, not all is about putting fiat in.

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January 18, 2023, 11:07:14 PM
 #34

   
what do you think about bitcoin have you ever been helped economically by bitcoin.?

of course bitcoin help me about economically , but it's not like someone who can process and hold bitcoin to the highest price,
by getting to know bitcoin I feel my economic needs are helped even though it's only a small amount of capital but I am grateful for whatever the result is
but I have a story, I also lost money buying altcoins

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January 19, 2023, 09:01:53 AM
 #35

Bitcoin is first a currency before it became an investment tool. Anyone that invests in Bitcoin because he wants to make an instant profit,  such person might become frustrated. Bitcoin price is not stable and can hardly be predicted, it might be high today and in a few hours very low. The person would be impatient and sell it. The main benefit of bitcoin is to promote privacy, reduce high transaction fees and give freedom from government manipulations.  But this doesn't dispute the fact that many people are making money from trading and investing in bitcoin.

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January 19, 2023, 10:53:42 AM
 #36

Bitcoin is a means of payment, not an investment instrument.


Well, bitcoin is a means of payment, a currency, and also an investment. But I can tell you, 99% of these market participants see bitcoin as an investment rather than a payment method as it was initially designed for. There are many people who are taking advantage of the volatility of bitcoin to improve their own economy, and if this volatility goes away and bitcoin becomes stable, I believe many people will leave it and find another ideal investment channel. That's what's going on and we need to accept it.

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January 19, 2023, 11:48:44 AM
 #37

.........................

All investments have some level of risk, but bitcoin is completely different in that you only lose money if you sell below the price at which you bought it, if you wait on and patient enough, you may not lose any money at all. I read an article yesterday that said that at the current price of bitcoin, over 70% of all purchases had already turned a profit. Even MicroStrategy lost money, and when I say lost money, I mean a big amount of money, but they didn't sell, instead, they continued to hold onto their investment because they believed that during the next bull cycle, bitcoin will surely reach a new all-time high.

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January 19, 2023, 12:08:03 PM
 #38

Helps an individual who won from trading or investing but with the economy I doubt  Bitcoin is not even widely accepted by consumers. Also, this is somehow blurry. This crypto industry generates profit for the investors due to its market price volatility. But since that is volatility we were talking about, imagine how big the loss could be if your assets are store into it. The idea is already there but if this would be a decision from government leader, that would be one sided.  Because there is a higher tendency for them ( as evident with the present( to restrict its usage if taxation will be off with their hands despite of years or  decade of progress.

As we see there's no general decision for bitcoin ban in all the countries or even in a majority of. Most developed countries prefer to find a way to interact with a new financial tool to get as many benefits as possible. Bitcoin's blockchain is transparent what makes it easy to trace money for any big enough organization like a government of a big country or union of several ones. So no problems with taxes, why should they be? The main difference is in decentralization and deflation both.

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January 28, 2023, 02:39:54 AM
 #39

Bitcoin can help all people through the investment side provided by bitcoin. But if people don't figure out how to invest in bitcoin properly, they won't be able to profit from bitcoin and will end up losing money. Many people don't research before investing in bitcoin or anything else because they think it will be too late if they don't make a decision soon.

So far, bitcoin has helped many people if they choose to invest in bitcoin. From 2013 until now, many people have been able to get a lot of money and a lot of bitcoins. That's because they are always learning how to invest in bitcoins and don't panic when they see the price drop drastically and can instead use it to buy more bitcoins.

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January 28, 2023, 06:04:17 AM
 #40



Globally means worldwide, and some countries don't even accept bitcoin adoption, so how will it have helped global economy, which is impossible. You can say that bitcoin has helped individuals who are investors, to have a life assured assets i.e securing their future from fiat depreciation.

A good argument but once Bitcoin is accepted globally, there are lots of things will be realized such as transparency, financial inclusion, inflation and money devaluation and many more.

But the important thing is that bitcoin cannot help the world economy at the moment, and in the future, there is no guarantee that bitcoin will be accepted globally. What you are saying is just an assumption, nothing is certain.
According to me, bitcoin is just an investment tool like other investments, whether it is useful to us or not is up to us, not bitcoin. For those who invest in bitcoin but lose it cannot say that bitcoin is helping them, on the contrary, if you have a profit from your bitcoin investment, it is helping you.

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