does bitcoin help in your economy?

[Raceonsucced]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

[Hispo]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Yes.
Actually, it is not only me. Bitcoin and Stable coins are a big deal here in my country because inflation and lack of trust in our institutions. One just needs to take a look a countries like Nigeria or Argentina to see how Bitcoin can help people to face disadvantageous economical situations.

For example, here in my country it was not possible to receive remittances directly from abroad, one needed the government as third party. In the end, they kept the USD and gave inflated local currency to the final recipient. Thanks to Bitcoin we can move money however we want without permission from autocrats.  

[avikz]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Bitcoin or any other cryptos can surely help the economy by increasing the purchasing power of the people. Those who have invested in bitcoin and are currently in profit can surely use that extra money to buy things from their local market either by using bitcoin or by fiat after converting it. That's the only way bitcoin and other cryptos can help the economy.

The other way to help is through taxes. There are a lot of people including me, who like to do the taxes diligently. So whatever extra earning they get from bitcoin, they calculate tax on it and pay to the government. That's another way but the numbers are insignificant.

[Solosanz]

The question is whether when you benefit from bitcoin, you can help your economy and your family?

It's a rhetorical question, similar like asking "if you make money, do you become poor?", "if you learn Bitcoin, do you understand about it?", "if you create a new account in this forum, do you have an account?" doesn't make sense at all, if you get profit it's obviously it will help your economy.

To be honest any people who invest in Bitcoin aren't losing, most people are lost because they're trader and don't want to hold it at least for four years long.

[Swordsoffreedom]

The question is whether when you benefit from bitcoin, you can help your economy and your family?

Why not? My aim in investing in bitcoin is to find ways to improve my economy as well as that of my family, and I admit that my economy has improved a lot thanks to the returns that bitcoin brings. Investing in bitcoin really helps me a lot economically.

To be honest any people who invest in Bitcoin aren't losing, most people are lost because they're trader and don't want to hold it at least for four years long.

Bitcoin is an investment instrument, meaning profit or loss is for us to decide, bitcoin does not determine that. Those who lose money and always blame bitcoin are losers because they never admit their fault but only blame fate or others.

[Sebas.tian]

The question is whether when you benefit from bitcoin, you can help your economy and your family?

Yes, Bitcoin is really helping us in this inflation that is affecting many people in the country because they don't have knowledge on Bitcoin and other cryptocurrencies that is making their businesses shaking in this period. Those that invested in Bitcoin some years ago when the price is low in the market will definitely achieve what will make their family not to feel bad in this hardship. I believe, i will be part of those that will smile soon when the price of Bitcoin hit $40,000, because I invested in Bitcoin and other cryptocurrencies which all those coins will definitely increase higher before the half of this year 2023

[xSkylarx]

Once bitcoin can help you personally, it also has an effect on the economy, like when you have money to spend on goods that have VAT or a tax that can help improve your economy. Though most of us are just looking from our own perspective, we benefited from bitcoin. Yes, it really helps us financially as well as our family, and some of those who gain big profits build businesses that can also generate employment for others, which is good for the economy.

[mk4]

If people make money over something — may it be through a business, job, or investments, it helps the economy simply because those people have more buying power. With more buying power, businesses flourish.

[Don Pedro Dinero]

Not really.

There are a few places where you can pay in bitcoin, just as there are bitcoin ATMs and some cryptocurrency stores, but it is not part of everyday life. Some people are making money with it, but I doubt it accounts for a noticeable percentage of GDP. I guess from what I have seen that where it is most noticeable is in poor countries and countries with very high inflation in their national currency.

[lovesmayfamilis]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

OP, why didn't you like the answers in the thread you opened a few days ago?

https://bitcointalk.org/index.php?topic=5438194.msg61713089#msg61713089

All your posts are based on the fact that you also convince everyone of the usefulness of Bitcoin. So why ask again?
Instead of repeating the same thing day after day, do something practical. Buy Bitcoin and see for yourself if it will benefit you or if you will still be loyal to the dollar.

[naira]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Obviously, I will answer yes, and almost 85% of my income from bitcoin is enough to meet the needs of my family. Even with more budget, I can have a sufficient standard of living. In fact, Bitcoin played a full role in my needs for many years. The benefit of being able to prove that Bitcoin is one of the factors that has helped me from the crisis during the pandemic saved me from hospital benefits and saved me from living under a bridge. Bitcoin has indirectly raised the dignity of our family.

[palle11]

The aspect of Bitcoin helping people or family is not just that easy as people have said it. There are different ways to make money from bitcoin like I can mention mining, hodling or trading bitcoin to say just these. But apart from trading, hodling of bitcoin can not feed a family because it is seasonal, it is only trading bitcoin that you can benefit but this also is not easy. We still don't need to put our eyes in one basket, we still need to do other businesses to support on bitcoin endeavour and trading.

[NeuroticFish]

The question is whether when you benefit from bitcoin, you can help your economy and your family?

For me Bitcoin is an investment and also the currency for my extra income(s) or side jobs (tasks).
This means some extra money for the monthly expenses and also an unimaginable peace of mind because I know I have something there for the rainy days (although the fiat value of that something has its ups and downs).

[livingfree]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

Yes.

Anything that's beneficial to each of us is helping our families and as well as our economies. And that is because we're having more spending and purchasing power.

With that, we're helping the economy while we give help to our loved ones and at the same time, we can buy those things that we want and necessities which is hard to obtain before if it were not for bitcoin.

[Getmon]

No, and yes. Those who have made profits from their bitcoin investments and converted their bitcoins into fiat indicate that they have already made a contribution to their family and economy. No, when an individual converts his or her bitcoin into fiat at a loss.

Anyhow, let us talk about bitcoin in a broader context. One of the reasons why the value of Bitcoin has continued to rise since its inception is that there is a finite supply of it. Because it is a borderless currency, Bitcoin makes it possible for individuals to transfer money from different parts of the world without paying high transaction fees and third-party systems. We live in a digital age, and bitcoin is an improved version of our common currency.

[BRINIRHA]

Actually since I started investing in bitcoin and I see the value of my investment growing at the moment. and the point is maybe this has indeed helped my economy indirectly. maybe not much for now. but in the future my investment in bitcoin will hopefully help improve my economy and the people around me. and I believe there have been many people who have experienced the benefits of bitcoin in helping to improve their economy.

[Moneyprism]

not only bitcoin, other crypto really helps my economy,, because I still remember when I got paid from the bounty and the proceeds from selling the token I finally got a vehicle and many other things,, and that continues to this day .. even though the pay is not as much as before but I'm still grateful for that

[Fesatmas]

The answer is definitely true bitcoin helps me in terms of the economy. Otherwise I probably wouldn't be where I am today and would have left bitcoin a long time ago if bitcoin didn't help me economically. I can confirm that almost everyone who knows and invests in bitcoin is helped in terms of the economy, even though it's not significant but it's still better than before getting to know bitcoin.
I even had time to think, if there were no bitcoins or other cryptocurrencies what would my life be like now.

[Dickiy]

If investing in bitcoin is relative, in my opinion, sometimes it loses and sometimes it also gains and that is a natural thing in terms of investment, but yes overall it is quite helpful for my economy. but there is an indirect advantage of bitcoin because when i started investing in bitcoin i studied bitcoin and searched various sources about bitcoin and finally found this forum in 2017 which talks all about bitcoin. And by indirect earning from bitcoin I mean I can work with the signature campaign manager on this forum and make some money to supplement my income, so maybe in conclusion from an overall view I am very profitable when investing in bitcoin.

[Eternad]

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

In my country NO because only few users invest on Bitcoin and the majority invest on shitcoins and ponzi investment. But personally I think I’m helping the economy since I’m using my Bitcoin earned from trading and signature campaign on paying my monthly bills. This bills is subjected by government tax which is the way I can help the economy.

I believe other country that has an active crypto transaction and law helps their economy because people use Bitcoin as investment through trading and holding which government get tax on it.