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Author Topic: does bitcoin help in your economy?  (Read 1489 times)
Raceonsucced (OP)
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February 17, 2023, 12:45:45 AM
 #1

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?

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February 17, 2023, 02:14:45 AM
 #2

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.  

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February 17, 2023, 03:27:03 AM
 #3

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.

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February 17, 2023, 03:34:24 AM
 #4

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.

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February 17, 2023, 04:09:03 AM
 #5

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.

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February 17, 2023, 05:09:42 AM
 #6

Quote from: Raceonsucced
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

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February 17, 2023, 05:22:12 AM
 #7

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.
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February 17, 2023, 05:23:02 AM
 #8

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.

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February 17, 2023, 06:42:03 AM
 #9

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.


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February 17, 2023, 06:42:50 AM
 #10

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.

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February 17, 2023, 07:27:28 AM
 #11

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.

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February 17, 2023, 08:56:44 AM
 #12

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.
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February 17, 2023, 09:05:32 AM
 #13

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).

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February 17, 2023, 09:14:01 AM
 #14

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.

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February 17, 2023, 09:53:14 AM
 #15

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.

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February 17, 2023, 11:25:28 AM
 #16

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.
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February 17, 2023, 12:02:18 PM
 #17

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

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February 17, 2023, 12:58:32 PM
 #18

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.

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February 17, 2023, 01:21:38 PM
 #19

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.

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February 17, 2023, 01:29:53 PM
 #20

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.

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February 17, 2023, 02:23:47 PM
 #21

I think the premise of the question is wrong. Does investing in gold help your economy and your family's economy? Does investing in stocks help your economy and the economy of your family? and others.
The basic idea of investment is to maximize surplus money. This increase in money is transferred to another form of investment or to improve the quality of life. Therefore, regardless of the nature of the investment, any investment is supposed to help your economy and the economy of your family. Failure to do so means that you either choose an investment that does not work for you or That your successor to invest was not enough.

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February 17, 2023, 02:56:08 PM
 #22

It can, and it does. I had 2 times in my life when I had to cash out my crypto, and both times I had big issues that I could never solve without crypto, it allowed me to fix all the problems and I also got a big help from my boss as well, combined those two things together and I managed to overcome all of my troubles.

Just recently I had to cash out again and if I didn't invested into bitcoin, I have no idea what I would have done, which is why I believe that it is very paramount to my future that I keep investing into bitcoin at all times. This is why I do not trade it nor wait for it to drop, as soon as I get some money, that goes right into bitcoin.

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February 17, 2023, 03:00:42 PM
 #23

I believe that there are many people here in our country that are earning thru Bitcoins like me, and to answer that question, obviously yes.
Me paid thru Bitcoin > I convert that Bitcoin into cash > I used that cash to buy some goods > I helped the economy already.

I mean it isn't Bitcoin directly, but we're converting it into our own currency and that's what we are using to buy. I guess this is pretty obvious already right? Why OP needs to ask a question to it?

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.
That's the problem. They don't want to hold Bitcoin for a long time and yet, they are jealous to those early adopters who are now millionaires because they've been holding their Bitcoins for nearly a decade already.

If investors want to at least have a large profit in Bitcoin, they have to hold it for a long time - say at least 5 years or longer because the longer, the better.

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February 17, 2023, 04:18:28 PM
 #24



In my country NO because only few users invest on Bitcoin and the majority invest on shitcoins and ponzi investment.

This is not only happening in your country, but I believe it is happening everywhere. Because everyone thinks getting rich with shitcoin or a ponzi project is faster than investing in bitcoin. But unfortunately, no one can get rich from ponzi.

Bitcoin has also brought me a lot of profit, it can be said that bitcoin helps me improve my economy a lot. I am really grateful for bitcoin.
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February 17, 2023, 04:34:50 PM
 #25

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 some way I can say I do contribute to growing my economy as I use my btc funds to purchase goods and services that have taxes attached to them.
But unfortunately if these funds go to say gambling or trading then there is no way it will benefit. So basically If I win and spend locally , then the economy gets to win too Smiley.

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.
These are the countries with sober minded people that know what's best for the government coffers and the people, and in such can motivate its citizens to send more of their crypto funds unlike spending our coins in hiding...very commendable move!

R


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February 17, 2023, 05:40:41 PM
 #26

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?

If you are saying benefit as in profited from Bitcoin, it is obvious that it helps my family.  I can then participate in my country's economy by having funds to buy food and other stuff that the government put taxes on so it does help the economy of my country.

Aside from that Bitcoin also bridges unbanked and underbanked people to participate in an online economy of a country.  So when an unbanked person got the availability to transact online, it also means that the transaction also helps in the economy of a country.

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rby
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February 17, 2023, 06:01:48 PM
 #27

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 no one makes genuine money without helping his family even if you are going to ignore the whole community but your immediate family must benefit from the wealth you have acquired and that is only when it will be called a wealth.
Once it concerns bitcoin you don't need to benefit financially before your family and community begins to benefit. You can teach them the knowledge of Bitcoin and on their own they can make profits in the future when they must have learnt the things of Bitcoin and mastered it.

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virasisog
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February 17, 2023, 06:11:34 PM
 #28

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?

I can say, yes, it helped my family a lot. Bitcoin has saved me during the pandemic especially when the lockdown happened and our company has stopped operating. I leaned on Bitcoin trading which made us survive for I was able to provide all our necessities through it. Since there are lots of Bitcoin users in our community, I also believe that it helped our economic situation because it has provided a good source of income to those who have lost their jobs.
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February 17, 2023, 06:58:18 PM
 #29

I usually use bitcoin as an investment tool and I usually make short term investments. Still, I couldn't say that bitcoin helps me economically because I invest in small amounts and don't get many profits, sometimes I even lose. But I believe that bitcoin will be more beneficial to me in the future.
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February 17, 2023, 08:13:05 PM
Merited by fillippone (2)
 #30

Bitcoin has help me in my business and has made my relationship with customers more credible. Bitcoin is also my economy directly or indirectly in the sense that you must change your btc to your local currency before using it in the market. I have workers I pay, this is a way to create employment opportunities for the people around me. This will help the economy because they will spend the money they earn. Bitcoin has brought so many opportunities to its users and the country that adopted it. My country hasn't accepted the adoption of bitcoin but citizens are using it and it isn't a problem to the government.
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February 17, 2023, 09:46:11 PM
 #31

I'd say for now at least this is getting right. Despite the current state of affairs the downturn did occur and I can still be said to be new to crypto but I have experienced the benefits and not even once or twice.
Indeed, this was not the initial goal because basically this is one of the tools for my investment for the future, but on the other hand, being in crypto makes me more comfortable and I can still meet my needs from my work and the help from crypto is proof for myself.

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February 18, 2023, 10:46:22 AM
 #32

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?
as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing.

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February 18, 2023, 12:11:25 PM
 #33

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?
If what you mean is profit that is only obtained from bitcoin, then my answer is no. But if what you mean is getting profit from bitcoin world (anything related to bitcoin and crypto world), then my answer is yes. More precisely earn income from bounty campaign results.
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February 18, 2023, 12:17:12 PM
 #34

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?
as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing.
Maybe you can be more specific about which sectors you get income from bitcoin because I'm also interested. Is it from investing, trading, mining, or something else?

Your answer will be very helpful
Thanks
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February 18, 2023, 01:12:56 PM
 #35

Not really no. My portfolio hasn't grown to the point where it can positively affect my financial situation (nor negatively ofc), and I have no plans of letting it do so until the profit I get has reached the goal that I set for myself. It doesn't help that I'm just hodling it and not trading though. It has helped me in the past though, I've had a few small transactions paid with Bitcoin and some small profits here and there, but nothing big imo. Planning to hodl for at least 2 more years at the minimum before I even think of getting out with whatever profit I have.

R


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February 18, 2023, 01:22:58 PM
 #36

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?

I have been investing in Bitcoin and other crypto industry since 2017, and it helped me a lot to improve financial condition of my family. It is a growing industry, by investing in this technology, we are contributing to its development, which in turn has potential to create new job opportunities for younger generation.

I believe that, investing in crypto currencies is not beneficial for improving personnel finances but also has wider economic benefits.









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February 18, 2023, 01:40:47 PM
 #37

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?
as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing.
Maybe you can be more specific about which sectors you get income from bitcoin because I'm also interested. Is it from investing, trading, mining, or something else?

Your answer will be very helpful
Thanks

Sorry to interfere but for sure he is getting profit from trading as mostly he talks about trading and about bitcoin speculation. I think most of us earns on this , mining right now is getting difficult you need to have a farm to see the big profit on it but if you are just mining on your own then the profit is low and brought you small money but still you have passive income. Most of my friends that tried mining before quited right now its because the electricity is very expensive in our country and they switch to future trading.
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February 18, 2023, 02:02:05 PM
 #38

It helps certain individuals especially those who has the money for investments. Some projects do also help people such as those which has paying airdrops, campaigns, and other tasks but that speaks for this industry in general not only Bitcoin. Bitcoin will only help the economy of a certain or particular country if transactions under this chain would be taxed 'coz if it will be few people who'd benefit from it I cannot see Bitcoin helping the economy of my country. This industry is neutral in my area wherein it is not prohibited but is also not supported or being promoted to people. Economy is different from wealth of people in a country, just to break the misconception.

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February 18, 2023, 03:38:05 PM
 #39

It helps certain individuals especially those who has the money for investments. Some projects do also help people such as those which has paying airdrops, campaigns, and other tasks but that speaks for this industry in general not only Bitcoin. Bitcoin will only help the economy of a certain or particular country if transactions under this chain would be taxed 'coz if it will be few people who'd benefit from it I cannot see Bitcoin helping the economy of my country. This industry is neutral in my area wherein it is not prohibited but is also not supported or being promoted to people. Economy is different from wealth of people in a country, just to break the misconception.

Bitcoin only makes many individual economies better, but bitcoin cannot help the economy of a country. The impact of bitcoin on the economy at a macro level like the country or the world is nonexistent.
Bitcoin has also improved my economy as I have been lucky to get huge returns on bitcoin investment since 2017.

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February 18, 2023, 08:59:52 PM
 #40

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?
Well, maybe somehow it can affect the economy since if we earn/get bitcoins or any other cryptocurrency from any medium or way, we use that in our local currency to spend on our daily lives and stuff, which generates sales and sales generate taxes for the government and that surely adds to the economy.

About the family part, if you are earning well, it's surely helping your family and fulfilling their needs through you. I know that a lot of day traders are living their lives off of their profits through trading (if they are doing it well, by taking calculative risks), and that is possible if you have a good enough capital to start with and some knowledge and experience at hand. You can surely support your family through it.
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February 18, 2023, 09:37:32 PM
 #41

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?
Some people can't appreciate it and can't see the benefits it has but for me, I would say that it helps me a lot. The reason I come to investing Bitcoin is to earn money and gladly I'd never fail what I expected to happen. Of course, not really it gives me profit or to anyone. In fact, I'm also suffering losses in my early days due to bad decisions but I never quit and learn from those mistakes until I succeed and come into my current situation now where I can provide a good living for my family. That is the benefit that we are able to get from hard work and patience in investing in crypto.



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February 18, 2023, 09:39:10 PM
 #42

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?
Crypto transactions in my country are growing, and this started during the peak of Axie game where my country is the leading adaptor when it comes to the volume of players, so since then many got interested about cryptocurrency and with this, it helped our economy to rise again even if its still on pandemic. Many people enjoyed their winnings and profit, somehow there’s a domino effect on this that eventually can be a good one to the economy.

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February 18, 2023, 09:41:14 PM
 #43

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?
If we are talking about my family and sure it does really help a tons. Especially in 2016-2017 where ICO was first announced and everything felt really unique and fresh, so you could actually invested some of your money into there and you got your money back also the profit you got after those projects listed in exchanges. Because of that I could help my family a little and helped the economy a little bit which was really surprising for me back then.

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February 18, 2023, 11:32:54 PM
 #44

Some people here in my country just do benefit for the sake of profit while I do benefit from both. I hold Bitcoins in a separate wallet just for keeps and to never ever make a transaction from it in a long time.
Another one is I use Bitcoin to pay online which is quite convenient.  A couple of crypto apps here in my country helps me accomplish or sate that need. It might not that beneficial in "large scale" but surely people are benefitting the same way as me.
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February 19, 2023, 12:23:44 AM
 #45

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?
as my side income, bitcoin helps my finances. The cryptocurrency ecosystem is truly amazing, my life changed 180%, and I have personally benefited greatly from it so I will continue to be loyal to Bitcoin. I hope the ecosystem of cryptocurrency can help the economy of many families in my country in the future, this is truly an extraordinary thing.
Maybe you can be more specific about which sectors you get income from bitcoin because I'm also interested. Is it from investing, trading, mining, or something else?

Your answer will be very helpful
Thanks

Sorry to interfere but for sure he is getting profit from trading as mostly he talks about trading and about bitcoin speculation. I think most of us earns on this , mining right now is getting difficult you need to have a farm to see the big profit on it but if you are just mining on your own then the profit is low and brought you small money but still you have passive income. Most of my friends that tried mining before quited right now its because the electricity is very expensive in our country and they switch to future trading.
Meaning if we want to start trading, then we must have a large capital right? Because with small capital like under $ 100 in my opinion it is still not enough to get big profits from bitcoin considering the price movement is only a few percent. But if we think for long term investment, there is still a possibility.

What I underline here is, is it possible to earn from bitcoin without the need for large capital or even without capital at all?
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February 19, 2023, 05:51:05 AM
 #46

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?

   -   Here in my country, bitcoin helps our economy. Because maybe there won't be many merchants here who accept bitcoin if it doesn't help, maybe it's just that simple, right?

Then there are many bitcoin enthusiast communities here and we already use p2p transactions here online in our local wallets and even in other exchange platforms in the crypto industry.

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February 19, 2023, 06:05:19 AM
 #47

Bitcoin has and is still helping my economy though along the line, our government had to ban it's use for reasons best known to them, I think the ban has been lifted though. But I must say, so many persons have gotten job opportunities from Bitcoin, so many of us no longer nother whether our government can provide us with employment or not, we're okay with what we have.


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February 19, 2023, 06:34:15 AM
 #48

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?

Economy means money, as long as that work or investment makes you money, it will benefit you. Bitcoin too, if you make profit from bitcoin it is helping your economy better. Bitcoin is becoming more and more popular and used, which shows that it is having a positive impact on the economy of many people. And I like many people here, bitcoin helps me a lot in improving the economy. I really feel lucky to know bitcoin and don't let this chance pass, you are also a lucky one early bitcoin.

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February 19, 2023, 10:09:33 AM
 #49

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 very helpful.
I know Bitcoin is classified as new among my friends, understand that I come from the interior of a village far from technology access, in 2011 I decided to migrate to the capital, after 2 years I migrated in the capital that's where I knew Bitcoin.
After I learned from some of my friends about how to inform, I started to inform my savings in Bitcoin, and I felt the results of all my infestations now, so that I used to sleep at my friend's house, now I am able to build a house and make a business from My infestation results are in Bitcoin.

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February 19, 2023, 10:28:53 AM
 #50

An asset that has no real value, which is purely a tool for speculation, cannot be saved or helped. It gives a chance, units, in a certain situation to earn, at the expense of others, not so lucky. Yes, yes - a speculative resource generates profit at the expense of a loss or loss of funds of others. Look at the history of bitcoin? Yes, now it seems that the process of another price inflation has begun. Someone is hoarding, expecting $60,000-100,000-200,000 per bitcoin. After which they are at their peak, or thereabouts, they will sell it. Will be sold to the masses who do not understand that this is actually a dummy. And the more cunning ones will receive DOLLARS, and the bits in the network, bought at the peak, will remain in the hands of millions of "fools". And then there will be another fall in the rate .. And the majority will hold these satoshis until they fall to 1/10 or even 1/100 of the value at the time of purchase. Then the cycle will repeat. The question is, how will such a scheme help someone? Well, except for a few cunning people? Smiley

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February 19, 2023, 10:41:03 AM
 #51

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?
When Bitcoin grows in value, one can either use it directly or sell for fiat. In any case, this money can then be used to buy goods and services, which means those businesses can get funds to pay their employees and invest in new products, and if these goods and services are purchased not just for one person, but for somebody else or a few people, it also helps support the quality of their lives. So yes, Bitcoin directly helps the economy and families (including mine), as long as people are responsible investors and as long as it's not infinite hodling.

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February 19, 2023, 11:01:54 AM
 #52

Investing in Bitcoin has a great potential for profit as well as loss. The bottom line is that investing in Bitcoin requires you to accept risk. If you can accept that your assets will be at risk here then you can invest. But if you have enough knowledge about investment and trading then you can earn good profit by trading and with that earned wealth you can help your family.

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February 19, 2023, 02:13:48 PM
 #53

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?
When I benefit from bitcoin, it can help my economy and my family and even help me to have money to meet my daily needs. And I've felt it all these years and still want to use bitcoin to earn more. By investing in bitcoins, people can benefit if they learn more about how to invest in bitcoins properly and manage the risks that may arise from movements in the price of bitcoins. If you are still losing money investing in bitcoin, you have to be patient because there is time for you to get big profits from bitcoin.
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February 19, 2023, 04:16:50 PM
 #54

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?
If some people are losing by investing with a deflationary asset then I believe such people are not at all suitable to be the investors at first hand. Bitcoin is a highly fluctuating asset but a safe heaven for long term players which means you will never be in loss if you crack the method of how to invest and profit with bitcoin investment.

If individuals are able to benefit out of bitcoin (it can be either in short term or long term) then the society where those individual belonging to, also will benefit in multiple ways like spending power and its taxation. So, anything which is profitable definitely will help the economy; no exceptions.

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February 19, 2023, 08:30:26 PM
 #55

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?
Not solely bitcoin, but adding bitcoin to bitcointalk forum and Stake casino I can say thanks to that junction of factors I'm able to benefit myself economically and also help my family monthly. However, if I was simply investing in bitcoin, without other sources of income involved, I believe I couldn't say I was being benefited at all in a sustainable way, because I would have to use my holdings for daily expenses and emergencies, therefore at some point I wouldn't have bitcoins from early years of investment anymore.

So it's important to respect the time bitcoin takes to mature into a more valuable asset, while not using it for banal reasons, rather using it for growing your patrimony even more, like purchasing a house or property, for an example.

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February 19, 2023, 09:04:04 PM
 #56

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?
Some people can't appreciate it and can't see the benefits it has but for me, I would say that it helps me a lot. The reason I come to investing Bitcoin is to earn money and gladly I'd never fail what I expected to happen. Of course, not really it gives me profit or to anyone. In fact, I'm also suffering losses in my early days due to bad decisions but I never quit and learn from those mistakes until I succeed and come into my current situation now where I can provide a good living for my family. That is the benefit that we are able to get from hard work and patience in investing in crypto.
It's good to know that you are able to provide financial support to your family through crypto earnings. As you mentioned, those who are hasty in the process and try to learn less and earn more are more likely to see failure encountering them almost every time until they realize that it's not a road that easy to cross but there are some techniques and things that need to be considered.

If someone starts investing without even learning at all, they are most probably putting their capitals under risk. I know that a person can learn from their mistakes, but sometimes it's better to learn from the mistakes others made already going through the same path and not to follow that.

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dothebeats
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February 19, 2023, 09:17:48 PM
 #57

In some ways it did. I know a lot of people who got rich here because of bitcoin and crypto, so that definitely boosted their spending power which, in turn, helps the economy in some ways. Most of these crypto guys that became rich now have also their own businesses today, and that's another help that bitcoin and crypto did to the economy. While it does not directly help in everything, in a way or another, it helped create new millionaires which created new businesses and jobs.

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Ndabagi01
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February 19, 2023, 09:34:46 PM
 #58

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?

Giving back to society, regardless of how little of your income you have, is very important to me. This will aid in contributing to the country's economy. It can take the form of charity, assistance in the development of social amenities in the community, and so on. Giving back to the family is the primary goal, because charity begins at home.

Bitcoin investment has played an important role in the lives of many people who have found a way to make a living from it. It has benefited some people through trading and other means. Reducing the number of unemployed citizens in society is already a step toward improving the country's economy.

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Nheer
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February 19, 2023, 10:34:04 PM
 #59

Bitcoin adoption will undoubtedly benefit society because bitcoin is an enhancement to our civilization. Many people's lives have been significantly impacted by bitcoin, either directly or indirectly. For me, investing in bitcoin has been a life-changing experience, and with the small profit I've made from it, my family and friends are also reaping the rewards. Even though the society benefits from them in some manner, I don't understand why those who make money want to keep it to themselves and refuse to even aid their family members.

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BitcoinPanther
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February 19, 2023, 10:54:19 PM
 #60

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?
Crypto transactions in my country are growing, and this started during the peak of Axie game where my country is the leading adaptor when it comes to the volume of players, so since then many got interested about cryptocurrency and with this, it helped our economy to rise again even if its still on pandemic. Many people enjoyed their winnings and profit, somehow there’s a domino effect on this that eventually can be a good one to the economy.

But isn't lots of people lost money on Axie game?  It was good until it last.  Now many investors had lost huge amount of money so how does this helping the economy?  As far as I know Bitcoin help the country by enabling new kind of start up to trend.  Since Bitcoin Industry is still young, the possibilities and opportunities is everywhere, company and start up that wanted to take advantage of Bitcoin giving employment and possible tax to the government.
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February 19, 2023, 11:27:30 PM
 #61

The question is whether when you benefit from bitcoin, you can help your economy and your family?
In bitcoin I've been getting some profits that have been accumulated for 3 years now.  But for altcoins, most of my losses are huge.  Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all.  Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…

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February 19, 2023, 11:31:31 PM
 #62

Each and everyone who had trusted bitcoin have got benefitted economically. This is a proven fact, and the important thing success out of Bitcoin comes through the patience one have. Whenever the market is bearish people easily get into panic state. Even at such situation we need to have the belief that the market will recover. Even the recent days market is an example. The price that was around $18k have reached $24k+ and the same could reach $30k or even more at the shortest. We need to hold and believe.
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February 19, 2023, 11:40:26 PM
 #63

I'm sure it has been generating quite the incomes for everyone, even passive incomes ones was massive, even though it might be not limited to bitcoin only, there are many altcoins that have given massive income from the airdrops and bounty alone, like aptos where it really shake the entire crypto space with their massive airdrops, so in it really does helps a lot in term of economy.

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February 19, 2023, 11:51:08 PM
 #64

In bitcoin I've been getting some profits that have been accumulated for 3 years now.  But for altcoins, most of my losses are huge.  Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all.  Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…
If so then always keep more bitcoin and continue accumulating it. Bitcoin has helped everyone here, when we don't know about bitcoin, we never heard of it that it could really change lives and it really did.
As much as I don't want to sell my bitcoin holds, I have to do it a few times and I'm sure that I will have to do it again sometime in the future when the price is up and better again. But this time, I have to wait until it's higher, and thanks to it and satoshi for helping most of us and our families that it has added as another source of income.

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February 19, 2023, 11:54:29 PM
 #65

I'm sure it has been generating quite the incomes for everyone, even passive incomes ones was massive, even though it might be not limited to bitcoin only, there are many altcoins that have given massive income from the airdrops and bounty alone, like aptos where it really shake the entire crypto space with their massive airdrops, so in it really does helps a lot in term of economy.
Yes, in the past people had benefited good out of bounties and airdrops. Those days aren't anymore as the airdrops and good bounties are very limited. In some potential projects the airdrops are based on lucky draw which is unfair. Anyhow it is true that altcoins too have supported in the economy of cryptocurrency users through some means whether it is through investment or through some small promotion works.

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CageMabok
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February 20, 2023, 01:18:04 AM
 #66

The question is whether when you benefit from bitcoin, you can help your economy and your family?
What is the name of profit from anything is clear that it can always help the economy of our family and ourselves in life and that is not only the advantage that is obtained through Bitcoin, but also other benefits, namely being able to help the family's economy and life in general.

In bitcoin I've been getting some profits that have been accumulated for 3 years now.  But for altcoins, most of my losses are huge.  Only when selling bitcoin will it calculate its benefit to your economy, I do not sell at all.  Bitcoin also motivates me to be more positive, more optimistic, better thinking, better financial management…
He only asked about the advantages of Bitcoin and did not mention any disadvantages from anywhere. Including your losses that come from altcoins, so I think you only need to give a very simple answer for him because the name of profit is something that can be utilized in life and of course it can greatly help the economy of his family and himself.

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February 20, 2023, 02:22:09 AM
 #67

Whether you help your family is entirely up to you. Not only by earning money from Bitcoin you can also help your family in other ways. Many people have earned a lot of money from Bitcoin and have done many other things besides supporting their families. You can do this too if you want, you just need to have a little risk appetite, enough knowledge about trading and patience. If these things are in you then I think you can make good money from Bitcoin.
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February 20, 2023, 02:22:22 AM
 #68

I have never heard that my country officially legalizes bitcoin, but information from several local exchanges that currently there is a tax that must be paid by traders so that my country receives the benefits of bitcoin, maybe the value or amount is not large so the state has not discussed it too much, but bitcoin is in my country has made many people successful and become millionaires because of mining, investing, and so on.



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minime0105
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February 20, 2023, 09:17:01 AM
 #69

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 is profitable investment only when you know exactly what's Bitcoin and I believe that Bitcoin investment have do with wisdom, Bitcoin can be profitable to you when you have  mastered the business, so i believe that this business have to do with someone that knows it very well, because I see that the lose in Bitcoin when you don't know about Bitcoin is very much. So you have to know Bitcoin before you go into the investment.
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February 20, 2023, 10:33:45 PM
 #70

It really does, not just in a personal manner, which it does help all of us too, but in a wider scale as well. It allows people who do not work or even work but not earn enough, to have a door to knock on. Doesn't mean you are going to make a profit in the crypto world, but there is that chance, not just by trading but by working and earning as well.

This allows people to have an option, we don't know if they will take that option or not, we have no idea if they will be any good in crypto or not, but we know that they will have that option and it is certainly an important thing to keep in mind as well. I do believe that it is going to be pretty important in the future.

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February 20, 2023, 11:10:31 PM
Merited by $anounimus$ (1)
 #71

there are many people investing in bitcoin, some are profitable and some are losing.

The advantages and disadvantages of this investment are closely related to how the management of a person, Bitcoin investment provides advantages for some people who are able to master market techniques, and losses that befall someone in investing in Bitcoin are caused by several factors, we take from the buying factor, maybe they who suffered losses when investing in Bitcoin because he sold Bitcoin at a low price from when he bought it.

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

When getting results from Bitcoin, actually it's not only the economy and also families that are helped, when Bitcoin's condition is good, or like the current market which is experiencing good conditions even though the increase is slow, this has provided benefits for those who hold Bitcoin of course the economy they will be stable and get excess extra money that can be used to buy other needs, either goods or other needs.

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February 20, 2023, 11:36:43 PM
 #72

I have never heard that my country officially legalizes bitcoin, but information from several local exchanges that currently there is a tax that must be paid by traders so that my country receives the benefits of bitcoin, maybe the value or amount is not large so the state has not discussed it too much, but bitcoin is in my country has made many people successful and become millionaires because of mining, investing, and so on.
Even my country have got the similar stance. No one is sure of the legality of bitcoin within my country. We've got 30% tax to be paid on the profit out of cryptocurrency investment. Just because cryptocurrency is being taxed we've come to conclusion that cryptocurrencies were legal in our country. Nowadays more people are into cryptocurrency and the same is benefitting in different ways. One way or the other it is contributing to the personal and state's economy.

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February 21, 2023, 12:33:02 AM
 #73

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 it has really help alot of people not just me in my country Nigeria this has made alot of people invest and do transactions over on bitcoin and when receiving and transact vie bitcoin it become big profit and has helped may in that invested in it and we no longer feel shaking over the unstable economy in my country.
I guess it can only help you entirely or anyone involve in these Invertement not to feel the shaking economy in most of our counties.


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February 21, 2023, 01:52:03 AM
 #74

My answer is of course yes, bitcoin can help everyone who has it for their daily needs, and there are also those who make bitcoin as a reserve fund and also a guarantee for old age or the future. But that doesn't mean don't use it and make sure the long-term holders will also use it to enjoy profits or buy something they've been hoping for for a long time, like a house, car and so on. And they will take advantage of it when the bitcoin price reaches its highest price, and only take part of the profit to enjoy.
and I personally treat bitcoin as a reserve fund that I will use when I really need it because my daily needs are met from my own work, and I treat bitcoin as a reserve fund to help me and my family when something unexpected happens related financial problems and it's very proven and also very useful as I feel because we never know where we really need money suddenly and bitcoin is the solution, and also being a very safe self-owned bank.

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February 21, 2023, 08:14:10 AM
 #75

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 it has really help alot of people not just me in my country Nigeria this has made alot of people invest and do transactions over on bitcoin and when receiving and transact vie bitcoin it become big profit and has helped may in that invested in it and we no longer feel shaking over the unstable economy in my country.
I guess it can only help you entirely or anyone involve in these Invertement not to feel the shaking economy in most of our counties.
Not only do people from Nigeria benefit from investing in bitcoin or through trading, but people from other countries who already use bitcoin also feel the same way.
Even if they struggle to find work around them and eventually decide to learn how to trade bitcoins on exchanges, it can help them to make money from crypto.
It happens to many people, especially those who have invested in bitcoin for a long time and have already made big profits.
That makes them want to continue investing in bitcoin, especially at times like now when the price of bitcoin is still low.
Bitcoin can help our economy but it's only for people who want to do it while there are still many people who don't want to join bitcoin.

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February 21, 2023, 08:28:18 AM
 #76

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?
I can spend crypto through gift cards. This leads to less fiat use that I would originally use since earning crypto is possible through my signature campaign while fiat earning is through day job. Hence the two sources of income mean more total income.

This may not be possible in all scenarios. There are countries with difficult to pass legal barriers to the use of crypto and for them this might not be possible.

Holding bitcoin for a better uee in future is another thing to keep in mind.

R


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February 21, 2023, 11:33:41 AM
 #77

Bitcoin is far more than just a financial breakthrough, I feel obliged to remark. Yeah, Bitcoin has significantly aided my economy by providing a new avenue for financial growth. In a nation where there is inflation, investing in bitcoin will lessen people's suffering. Bitcoin is a long-term investment; you can buy it with your meager funds and profit from it will grow over time.

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February 21, 2023, 04:20:29 PM
 #78

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?

1000% yes!! bitcoin has helped my small family's economy and managed to help us through the difficult pandemic times that have passed. remembering the difficult times when the pandemic first appeared I did not expect to be able to get through it, because at that time my partner was laid off from work and we only survived from my mask online sale and through the btc signature campaign fee that I participated in at that time.

those who say bitcoin is bad for the world blah blah blah are people who don't want to see the world economy better, and also they don't want things they can't control to rule the economy.



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February 21, 2023, 07:34:09 PM
 #79

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?

Well, you can't lose if you HODL. You only lose if you buy high and sell low. Buy and hodl and you'll be fine. Impossible to lose. The longer you hodl the more profitable you're going to be. And then you could (and should) help your family (if they need your help) why not?  Cool
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February 21, 2023, 07:59:19 PM
 #80

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 has changed the economy for my life in the last few years. long story short in the past or rather in the last few years I bought bitcoin for the first time at a fairly cheap price and sold it gradually over the last 3 years and still hold it to this day. from the profits I was able to buy some land for me to manage in my daily work and that's the sweetest story I've ever experienced.

some people do have a higher profit ratio because they invest large amounts, but some people lose money because they sell when the market is bearish.

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February 21, 2023, 08:41:14 PM
 #81

My answer is of course yes, bitcoin can help everyone who has it for their daily needs, and there are also those who make bitcoin as a reserve fund and also a guarantee for old age or the future. But that doesn't mean don't use it and make sure the long-term holders will also use it to enjoy profits or buy something they've been hoping for for a long time, like a house, car and so on. And they will take advantage of it when the bitcoin price reaches its highest price, and only take part of the profit to enjoy.
and I personally treat bitcoin as a reserve fund that I will use when I really need it because my daily needs are met from my own work, and I treat bitcoin as a reserve fund to help me and my family when something unexpected happens related financial problems and it's very proven and also very useful as I feel because we never know where we really need money suddenly and bitcoin is the solution, and also being a very safe self-owned bank.
That's basically the reason why most people are interested in bitcoin already. Of course there are a lot of people who invested and care about it for their future, but there are plenty of people who use it for that AND also use it for daily stuff as well.

I am one of those people, bitcoin allows me to live a good life, not because I just invest into it, which I do, but because I work for it as well, by job is in the crypto world and I get paid in crypto. All in all it is obvious that we shouldn't be really worried about anything in this regard, because it is definitely a good thing for all of us to be invested into crypto, it allows us to have a good return in our profits and hard work.

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February 21, 2023, 08:48:51 PM
 #82

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?

I think a country allowing bitcoin is rather symbolic that they are dynamic, open and flexible to new concepts where you may not fully understand the end results. The blockchain idea itself is a master piece and has many practical uses in keeping transactions in a ledger, however it is not perfect (nor is much in life). Bitcoin itself won't help a country necessarily unless it has a wide pool of users, people that want to buy, sell or trade in a different form of currency. There could be lots of different reasons people want to do that, they may not trust the government or other authorities, they find it more convenient than paying fees to banks or numerous other reasons.

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February 21, 2023, 09:06:41 PM
 #83

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 has changed the economy for my life in the last few years. long story short in the past or rather in the last few years I bought bitcoin for the first time at a fairly cheap price and sold it gradually over the last 3 years and still hold it to this day. from the profits I was able to buy some land for me to manage in my daily work and that's the sweetest story I've ever experienced.

some people do have a higher profit ratio because they invest large amounts, but some people lose money because they sell when the market is bearish.
People often dream about making a fortune in this market, and while such results are possible only a very small minority get them, stories like yours are way more common, stories in which the person got a small boost to their economy, but in most cases that is all what you need as such stimulus saved yourself from having to save money for years in order to get what you wanted, and this is an advantage that compounds especially if the money that you got from bitcoin is used to produce more money as you begin your own business or you invest that money in other assets.

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February 23, 2023, 06:38:37 AM
 #84

Bitcoin hasn't really helped my economy yet, but Bitcoin gives me an opportunity, shows me a money-making market. As for whether it helps my economy or not, I think it's down to luck, or the wise investment of each person in this market.

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February 23, 2023, 06:50:29 AM
Merited by fadhilz123 (1)
 #85

Bitcoin hasn't really helped my economy yet, but Bitcoin gives me an opportunity, shows me a money-making market. As for whether it helps my economy or not, I think it's down to luck, or the wise investment of each person in this market.
luck will not have much effect on investment, instead destruction will come if we only hope for luck.
as far as you are familiar with Bitcoin then there is a little luck for you to be able to pave the way for profit or side money to supplement your income but it all comes back to your will and belief to want to continue to learn things that will bring you profit, that's important.

for my personal experience, as far as I know Bitcoin it has helped improve my economy so far, but again it's all inseparable from the trading knowledge that I learned and a number of other things that also don't only come because of luck alone.
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February 23, 2023, 07:17:58 AM
 #86

Bitcoin hasn't really helped my economy yet, but Bitcoin gives me an opportunity, shows me a money-making market. As for whether it helps my economy or not, I think it's down to luck, or the wise investment of each person in this market.
luck will not have much effect on investment, instead destruction will come if we only hope for luck.
as far as you are familiar with Bitcoin then there is a little luck for you to be able to pave the way for profit or side money to supplement your income but it all comes back to your will and belief to want to continue to learn things that will bring you profit, that's important.

for my personal experience, as far as I know Bitcoin it has helped improve my economy so far, but again it's all inseparable from the trading knowledge that I learned and a number of other things that also don't only come because of luck alone.
In my opinion, you have learned many lessons in this market and gained quite a bit of experience. Bring you a pretty good income from Bitcoin .
For me everything is still quite new, I definitely need to improve my trading knowledge and give up the meaning of luck in the Bitcoin crypto market.

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February 23, 2023, 07:37:28 AM
 #87

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?

For some people who focus on the industry, mainly seeking profits in Bitcoin trading or in other ways, of course Bitcoin can help their economy. However, if there is no in-depth knowledge of cryptocurrencies, one will easily incur losses, either investing or trading Bitcoin, Because most  of those who are just getting into this industry, they really hope to get profits quickly, they fully expect multiple profits and not interspersed with other jobs that can make money so that the economy can get worse after knowing Bitcoin without knowledge of how it works.

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February 23, 2023, 07:28:47 PM
 #88

For some people who focus on the industry, mainly seeking profits in Bitcoin trading or in other ways, of course Bitcoin can help their economy. However, if there is no in-depth knowledge of cryptocurrencies, one will easily incur losses, either investing or trading Bitcoin, Because most  of those who are just getting into this industry, they really hope to get profits quickly, they fully expect multiple profits and not interspersed with other jobs that can make money so that the economy can get worse after knowing Bitcoin without knowledge of how it works.
Anyone should have fundamental knowledge before starting to invest in Bitcoin, they are too risky to engage in crypto investment without knowledge and only want multiple profits in short-term trades, bitcoin price positions are never stable and they are very easily affected by fraudulent news, many beginner trading schemes cut losses Because avoiding losses without focusing on assets being used for long-term investments, the solution is never to review the market all the time and it is better to have other busy jobs for extra income increasing funds in the bitcoin investment portfolio.

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February 23, 2023, 09:23:43 PM
 #89

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?

If you have enough knowledge, and you know how to trade to make profit, then yes. It does help. You don't even have to go out to do it. Work from home you know! But to be good on this platform and if you want to depend only on this, then you will have to put a lot of effort in it and be a pro. But this being having a high risk, it is advised to proceed with caution. You may end up losing, because even the pro traders lose too.
So when you are making profits, yes you can help your economy and family.
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February 24, 2023, 02:16:25 AM
 #90

luck will not have much effect on investment, instead destruction will come if we only hope for luck.
as far as you are familiar with Bitcoin then there is a little luck for you to be able to pave the way for profit or side money to supplement your income but it all comes back to your will and belief to want to continue to learn things that will bring you profit, that's important.
I think this is appropriate, because to hope for good luck to ourselves, of course, we have to make efforts beforehand. But if there are no efforts that we have made before but immediately expect luck to come by itself, it will be very difficult to happen because luck is an uncertain thing even though it can come to anyone unexpectedly.

Quote
for my personal experience, as far as I know Bitcoin it has helped improve my economy so far, but again it's all inseparable from the trading knowledge that I learned and a number of other things that also don't only come because of luck alone.
This means that you have made a little effort by studying and then expecting good results and luck in it, I don't think that's wrong. But it also needs to be underlined that your economy can be helped because you can benefit through Bitcoin and that also includes luck for yourself. Even if you just hope for a good profit without reminding about luck.

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February 24, 2023, 03:39:00 AM
 #91

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?

If you have enough knowledge, and you know how to trade to make profit, then yes. It does help. You don't even have to go out to do it. Work from home you know! But to be good on this platform and if you want to depend only on this, then you will have to put a lot of effort in it and be a pro. But this being having a high risk, it is advised to proceed with caution. You may end up losing, because even the pro traders lose too.
So when you are making profits, yes you can help your economy and family.

As long as you earn profit or receive bitcoin from microtasks, it can help you and the economy. It is not just circling in trading because as long as you earn extra money because of bitcoin, you will buy it to meet your needs, which includes tax, and that tax can help out the economy. It has a really ripple effect on this. Also, having a business can help you generate more employment as well as services or foods for others that still contribute to the economy.
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February 24, 2023, 12:52:31 PM
 #92

I'm a little disappointed. Disappointed by some people's belief that bitcoin can help the ECONOMY.
Once again I repeat - it CANNOT and never will. Moreover, it can create a situation where you believe in bitcoin and miss the opportunity for real change. Let's explain.
If we talk about the economy of the STATE, this is a very complex mechanism. But one of the key processes is the transformation of "raw materials" into a finished "product". And at this stage, a very important indicator is formed - the added value. At the same time, the "accompanying process" is jobs, taxes, and the development of industries.

And the higher the added value is formed (subject to an acceptable market price), the more money the economy receives and is able to provide social programs, pay pensions, provide good living conditions in the country, and much more. The process can be anything - from digging coal and turning it into fuel for thermal power plants, to digging sand and turning it into processors. Only in the first case, the added value will be small - 10-50-100% (for 100% of the cost of production), and the second option gives hundreds of thousands of percent of the added value.
I hope it's just understandable.
And now the main question - how does bitcoin generate the added value? The answer is NO! This is just a speculative asset, and nothing more. It has no value, it is not backed by anything, as a resource it does not turn into some other product. Do not be fooled by the belief in "all-saving bitcoin", otherwise you will miss the opportunity to really change and improve the situation in your country/life.
You can use bitcoin only by understanding the peculiarities of the market, and only for personal enrichment!

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February 24, 2023, 01:36:14 PM
 #93

If you have enough knowledge, and you know how to trade to make profit, then yes. It does help. You don't even have to go out to do it. Work from home you know! But to be good on this platform and if you want to depend only on this, then you will have to put a lot of effort in it and be a pro. But this being having a high risk, it is advised to proceed with caution. You may end up losing, because even the pro traders lose too.
So when you are making profits, yes you can help your economy and family.


If you have knowledge of any trading, then you can earn good profit not only from crypto but from trading like stock or commodity  also. The main thing is how much knowledge you have about that industry, and that comes with how much effort you put in learning that industry.
To me bitcoin has helped a lot. Specially the bitcoin I earn from signature campaigns are helping me to fight the 38% inflation rate in my country( highest inflation ever in my country).

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February 24, 2023, 01:41:14 PM
 #94

If we have invested with BTC. I think there are many reasons to believe that over time, the use of bitcoin will continue to help our economy and that of our families. Increased profits can lead to an increase in the level of expertise in this business, which also has a positive effect on the economy.

e.g. yes, As the value of bitcoin rises, those holding their coins and waiting to sell may see the value of their investment increase. At the same time, even if people spend bitcoins to buy things with their digital money, it is still a boon for many businesses around the world.

In short, yes, bitcoin can help.

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February 24, 2023, 02:10:54 PM
 #95

Here in our country, it is not strict with cryptocurrency or bitcoin, because some local wallets accept the blockchain concept, such as coinsph, abra, maya app, gcash soon, and others.

So I think that these merchants who accept bitcoin as a mode of payment will help the economy of our country here. But in other countries bitcoin is still restricted to them.


.SWG.io.













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February 24, 2023, 06:35:22 PM
 #96

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, it is not allowed to send money abroad except for investors who own companies to provide all the evidence confirming their need to send that money.  I mean, almost most of those who work as freelancers on the Internet do not have a way to buy products they need in their work or a way to accept their wages.  All these problems have found a solution since the emergence of Bitcoin, and we (the youth) can work on the Internet and use global services without the need to go through the official channels of the state.  This change contributed to improving the per capita income of a large segment of young workers (I am one of them).  Honestly, this has contributed to improving the living situation and the family's economy in general.
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February 24, 2023, 08:21:20 PM
 #97

As long as you earn profit or receive bitcoin from microtasks, it can help you and the economy. It is not just circling in trading because as long as you earn extra money because of bitcoin, you will buy it to meet your needs, which includes tax, and that tax can help out the economy. It has a really ripple effect on this. Also, having a business can help you generate more employment as well as services or foods for others that still contribute to the economy.
This is why there are so many poor nations that are looking into ways to accept bitcoin while taxing it properly. It means that millions of people in a poor nation could be put to task to earn crypto from microtasks, including even bounties, if you worked 8 hours everyday in crypto world, you could earn hundreds of dollars, 40% of that as tax would mean that there would be billions going into taxes and that could be used to make the nation so much better.

Of course it is not common for many nations yet, only a few are doing it but we are going to start seeing more and more, I believe China would benefit from this at the same time as well, would work so much better.
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February 24, 2023, 08:28:24 PM
 #98

As long as you earn profit or receive bitcoin from microtasks, it can help you and the economy. It is not just circling in trading because as long as you earn extra money because of bitcoin, you will buy it to meet your needs, which includes tax, and that tax can help out the economy. It has a really ripple effect on this. Also, having a business can help you generate more employment as well as services or foods for others that still contribute to the economy.
I was just referring to the personal benefits. So the first thing comes to mind has to be trading. And there's a saying that goes something like this, "If you help yourself, you will help the others in the process." Keeping that in the mind, when you earn profits from bitcoin trading or anything that brings profit to you, that helps your life, thus helping the economy too. That's how I think, and I guess you agree with that too.  Grin
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February 24, 2023, 09:39:12 PM
 #99

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?
Honestly, yes. Although I don't have so much Bitcoin, at least, Bitcoin has changed my mindset, my activities, and also my finances. I cannot say that Bitcoin is perfect to help my economy, but I can say that everything changes so much since I know Bitcoin, widely I know cryptocurrency and several activities in relation to Bitcoin.

Bitcoin may be a risky asset, but as long as we know how to manage it, I really assume that this will help us to have better conditions. Although many FUD and people spread the bad news, it will not change my mind about Bitcoin, because I hav,e got the benefits.

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February 24, 2023, 10:31:28 PM
 #100

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?
Of course bitcoin has helped me financially over the years, and I think it has helped a lot of other users financially over the years as well.

To be honest I do not trade, but invest. But in the last 2 years bitcoin has given me really good returns so my economic status has improved. Of course not completely, but for the most part it has helped. I even hope that bitcoin will also help me in the future, especially about finance and financial transactions.

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February 24, 2023, 11:45:31 PM
 #101

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?

People who lose are the people who sell. Bitcoin proved to be profitable in the long term, at least till now, so people who lost are those who bought or sold at the inappropriate time (and are theoretically able to recover the loss if they held). In my case, I have been here since 2016, so I'm supposed to be earning good profits as a reward for my patience. Although the price is down 70% from ATH, I'm still in profit considering that Bitcoin is up 2500% since then. In addition, Bitcoin helped me indirectly to do some online jobs and get paid, as Paypal restricts my country from using their services.

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February 25, 2023, 05:55:56 AM
 #102

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?

If you have enough knowledge, and you know how to trade to make profit, then yes. It does help. You don't even have to go out to do it. Work from home you know! But to be good on this platform and if you want to depend only on this, then you will have to put a lot of effort in it and be a pro. But this being having a high risk, it is advised to proceed with caution. You may end up losing, because even the pro traders lose too.
So when you are making profits, yes you can help your economy and family.
I think if he trades and earns good money from here then he will be very happy with his family. And if he trades wrongly and loses his money then he will face a lot of problems with his family. So I think before doing anything  It will be very good for him if he has to trade after understanding well. And if he trades without understanding anything and loses his money, all the members of his family will be in a lot of trouble. I think that.

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February 25, 2023, 10:06:51 AM
 #103

Yes Bitcoin is beneficial in enhancing economy but the process will require time and your patience, it does not occur quickly as we are hoping. Investment in bitcoin can increase the amount of money you used to invest.

Lots of people have invested money in Bitcoin and it become a way of earning as it is famous successful coin. It play a vital role in enhancing value of money and hence provides a good lifestyle to numerous individuals.

However sometimes a condition become unfavorable for you and may be against your hopes so whenever it happens then instead of selling bitcoin and loss all your money, waiting for the best moment will recover your balance.

Increasing income and decreasing income actually depends on you that how you act according to the market situations. Because Before doing such activities and putting money you will be aware of the reality that how volatile it is.



 

 

 

 

 

 


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February 25, 2023, 11:55:02 AM
 #104

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?

People who lose are the people who sell. Bitcoin proved to be profitable in the long term, at least till now, so people who lost are those who bought or sold at the inappropriate time (and are theoretically able to recover the loss if they held). In my case, I have been here since 2016, so I'm supposed to be earning good profits as a reward for my patience. Although the price is down 70% from ATH, I'm still in profit considering that Bitcoin is up 2500% since then. In addition, Bitcoin helped me indirectly to do some online jobs and get paid, as Paypal restricts my country from using their services.

You said a very important word, which describes why bitcoin will not be a salvation for the economy or for people. You have to be patient for a long time. You have such an opportunity. But people usually need a return on investment in a fairly short term. And very few people can freeze a significant amount of funds in such an asset, And you need to understand that volatility adds gray hair to you, and does not guarantee that even after 5-10 years you will receive a 100% PROFIT that will cover at least inflation Smiley
Volatility, lack of legal framework, lack of real value of cryptocurrencies - all this makes investing in cryptocurrencies a very risky decision.

Why do people sell? Many people need money "tomorrow", and if they see that the value of an asset is falling, and the next wave of growth is in 3 years, and they need funds earlier, they are FORCED to sell. Because there are no guarantees that it will grow so that you can cover the costs of freezing funds. Say - you can guarantee that:
1. Bitcoin will rise above $60,000 within 2 years.
2. You can guarantee that the up/down waves will not stop and bitcoin will not stabilize around $20,000
3. Can you guarantee that bitcoin will not fall below 20.000 in the 2-3rd run?

If 1-yes, 2-yes, 3-no - it makes sense for you to sell everything you have, including housing, and invest everything in bitcoin now, and just live for 2-3 years in a rented inexpensive apartment, but then you will just multimillionaire! But something tells me you won't. Smiley

...AoBT...
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February 25, 2023, 12:54:56 PM
 #105

Bitcoin help people in many ways,some become a self sufficient and economic independent form bitcoin.Because bitcoin help us to earn some money by using the forum and Signature campaign.Most of us earning bitcoin from the forum as weekly payment,So it help to use for our basic needs.To extreme,it had help the people from various countries to earn a life with some food.It had reduced the world poverty with 20 percentage from bitcoin earnings.
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February 25, 2023, 01:22:16 PM
 #106

I think if he trades and earns good money from here then he will be very happy with his family. And if he trades wrongly and loses his money then he will face a lot of problems with his family. So I think before doing anything  It will be very good for him if he has to trade after understanding well. And if he trades without understanding anything and loses his money, all the members of his family will be in a lot of trouble. I think that.
The emergence of problems due to loss of money is quite logical. But if one really has to trade for profit and money, I don't think it can only be done here or in the crypto space. But a person can make good trades in many strategic places because each trade has different risks, so after understanding the level of risk and the flow of trades quite well.

It would be great if someone could immediately act as you suggested, but one must be able to trade two different models in different places. An example is like trading in the crypto space, but someone also trades outside of crypto so that the economy can be greatly assisted even if he loses in one of his trades.

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February 25, 2023, 07:47:26 PM
 #107

I think if he trades and earns good money from here then he will be very happy with his family. And if he trades wrongly and loses his money then he will face a lot of problems with his family. So I think before doing anything  It will be very good for him if he has to trade after understanding well. And if he trades without understanding anything and loses his money, all the members of his family will be in a lot of trouble. I think that.
I think you are somewhat wrong here, mate. Let me tell ya. Never invest anything that you are not willing to lose. So if you are willing to lose it, there will be no problem with his family. Because it is something that you separate and only keep for trading and investments. So that should not have any impact on your personal life and your family. If you mix it, then you are in a big trouble.
And one thing I agree and everyone agrees to that, no one should enter in investment and tradings if they don't have proper knowledge about it. I hope you understand what I am trying to say.  Cheesy
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February 25, 2023, 09:00:11 PM
 #108

First time earn profit from Bitcoin around 2017 with fantastic amount about 1 BTC, have worth estimate about $10,000 I am so excited with my first profit and use it as capital for trading. Right now my financial almost freedom after knowing and investing in Bitcoin. Have expectation with Bitcoin keep stable on higher price because have investment assets still drop after Bitcoin crashing last years.

But we can't talk with one side only about how advantage and Bitcoin help in our economy, many people loss their investment funds after investing since Bitcoin reached all time high price and need waiting longer time until right now.

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March 02, 2023, 03:41:23 PM
 #109

Bitcoin help people in many ways,some become a self sufficient and economic independent form bitcoin.Because bitcoin help us to earn some money by using the forum and Signature campaign.Most of us earning bitcoin from the forum as weekly payment,So it help to use for our basic needs.To extreme,it had help the people from various countries to earn a life with some food.It had reduced the world poverty with 20 percentage from bitcoin earnings.
I will not go to the extent of reducing world poverty as that need way more involvement of governments than theymos running a forum with signature campaigns. Grin

I can agree that many low income countrymen have been earning from signatures and they have perhaps made it possible to balance the fiat and bitcoin to cover major spending per month. To be able to post in this forum with decent post quality you need to be educated to a certain level and possess a working device with internet. Poverty will remove all these "luxuries" from people, which is the reason why I made the statement above.

This forum is made of a niche group from the world population, defenitely not the poverty-stricken class.

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March 04, 2023, 11:34:55 PM
 #110

Bitcoin help people in many ways,some become a self sufficient and economic independent form bitcoin.Because bitcoin help us to earn some money by using the forum and Signature campaign.Most of us earning bitcoin from the forum as weekly payment,So it help to use for our basic needs.To extreme,it had help the people from various countries to earn a life with some food.It had reduced the world poverty with 20 percentage from bitcoin earnings.
yes, there will always be a side that can contribute to economic development when you want to make bitcoin an additional livelihood from all the activities that may have been carried out so far.
In its development, it is hoped that widespread contributions with the existence of bitcoin will be increasingly usable, so that every transaction can make the convenience that can be obtained from bitcoin.
although it may not fully contribute to the economy but it will continue to grow and become easier in the future.

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March 05, 2023, 02:48:00 PM
 #111

There is no official report whether bitcoin is useful for my country, but some local exchanges apply taxes from cryptocurrencies transactions, and of course this contributes to the country, of course I hope my country will immediately legalize cryptocurrencies so that it can provide more benefits and reduce unemployment.

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March 05, 2023, 03:23:09 PM
 #112

There is no official report whether bitcoin is useful for my country, but some local exchanges apply taxes from cryptocurrencies transactions, and of course this contributes to the country, of course I hope my country will immediately legalize cryptocurrencies so that it can provide more benefits and reduce unemployment.

How can cryptocurrencies help your country reduce unemployment? To be fair, cryptocurrencies are no different from a gambling game, and there will be winners and losers. Have you ever thought that when you invest and bring profits, where does that profit come from? The government doesn't print money and gives it to you for free. That profit is someone else's money in a losing market, the financial market is no different from gambling, where we take each other's money. Wake up, don't be delusional.
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March 05, 2023, 03:46:21 PM
 #113

There is no official report whether bitcoin is useful for my country, but some local exchanges apply taxes from cryptocurrencies transactions, and of course this contributes to the country, of course I hope my country will immediately legalize cryptocurrencies so that it can provide more benefits and reduce unemployment.

I think there are many aspects that every government must pay attention to to give permission for Cryptocurrency to develop and run well in a particular area, especially they have to consider it carefully, but I think every government will issue different policies, because so far we realize that Bitcoin has not been fully legalized in every country, and some countries still do not issue permits for cryptocurrency, I think this also has an impact on other countries and is a consideration for a country, of course.

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March 06, 2023, 07:21:26 AM
 #114

since knowing bitcoin until now of course I feel very helpful in my family's economy, and this is very felt during the pandemic period last year all of us were difficult to get a job but with the existence of bitcoin and following several projects, my finances are very stable to use in everyday life, although we also experience losses but for me there are very many advantages that I have felt so that until now the world of bitcoin is very  It is useful for me to earn extra money to meet the needs of the family.

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March 06, 2023, 01:38:34 PM
 #115

since knowing bitcoin until now of course I feel very helpful in my family's economy, and this is very felt during the pandemic period last year all of us were difficult to get a job but with the existence of bitcoin and following several projects, my finances are very stable to use in everyday life, although we also experience losses but for me there are very many advantages that I have felt so that until now the world of bitcoin is very  It is useful for me to earn extra money to meet the needs of the family.

Apart from the economy, the presence of Bitcoin itself can also be used as an alternative from all aspects which are of course related to needs and as well as one's knowledge both in the field of livelihood, alternative payments and also the benefits of investment. Management of financial stability also depends on management and the principles of a holder. from here we realize Bitcoin will play an important role when we can manage it as well as possible. but so far I've seen progress that works for you, and congrats.

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March 06, 2023, 01:44:22 PM
 #116

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.
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March 06, 2023, 02:57:36 PM
 #117

To be honest, I don't just trade bitcoins, and my answer is yes, I help finance my daily life, buy vehicles, pay bills, almost everything is done from that.
and in the last 3 years I have only depended on online income.
but now market is very crucial and i dont have some capital to trade, so i will start again from the first.
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March 07, 2023, 08:51:17 AM
 #118

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, of course what you are asking is really happening if someone is focused on making profits with Crypto, whether it is the profit obtained from bitcoin or from Altcoin Trading. and what is certain is that every profit you get from Crypto can make my economy stable and can cover my family's needs

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March 07, 2023, 12:22:24 PM
 #119

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.

In deed, Bitcoin represents a significant opportunity for individuals with basic internet skills and basic knowledge of using apps to generate additional income through activities such as, investing, trading, mining or joining bounty campaigns. despite its ambiguous legal status in many countries including my own, but people are still using it as means of storing value and engaging in  trading activities because Bitcoin is an attractive option for those who are looking to expand their income generating opportunities.









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March 07, 2023, 01:28:10 PM
 #120

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?
Frankly speaking bitcoin does not solve economic problem of my country. This could be because my country does not officially adopt Bitcoin.
Even if they adopt bitcoin how will bitcoin solve the problem of my country  The economical problems of countries are be solved by economic policies that are being put in place by government.

However, I cannot deny the fact that bitcoin has helped my personal life and that of my family. But where I come from, bitcoin has no influence in the economy.

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March 07, 2023, 02:14:41 PM
 #121

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.

In deed, Bitcoin represents a significant opportunity for individuals with basic internet skills and basic knowledge of using apps to generate additional income through activities such as, investing, trading, mining or joining bounty campaigns. despite its ambiguous legal status in many countries including my own, but people are still using it as means of storing value and engaging in  trading activities because Bitcoin is an attractive option for those who are looking to expand their income generating opportunities.

Until now at my place I still don't understand about bitcoin, when I introduced bitcoin they thought many things but were wrong, for example they said bitcoin is the same as Paypal, the same as multi level marketing, scam and so on, it's really difficult to get people to invest in bitcoin because they don't care and feel that transactions with fiat is the best thing compared to bitcoin.


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March 07, 2023, 03:33:01 PM
 #122

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 and other cryptos still help my economy even though as time goes on our government has to ban their use through its regulations for reasons best known to them, I think the ban has been lifted. But I must say, so many people get job opportunities from Bitcoin and other crypto, so many of us no longer care whether our government can give us jobs or not, we are good with what we have

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March 08, 2023, 05:52:23 AM
 #123

No doubt many people benefited on bitcoin especially to early adopters and that's no exemption to me hence it helped me a lot as a financial support for the family. In our country bitcoin is not well adapted yet but soon enough it will be, its just a matter of time. Having profit and losses is really part of the crypto industry that's why DYOR will always be the answer no matter what and full knowledge of it will be the advantage.

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March 08, 2023, 08:01:18 AM
 #124

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 and other cryptos still help my economy even though as time goes on our government has to ban their use through its regulations for reasons best known to them, I think the ban has been lifted. But I must say, so many people get job opportunities from Bitcoin and other crypto, so many of us no longer care whether our government can give us jobs or not, we are good with what we have

As long as you keep quiet about doing that, I think you are fine, but still, it is against the law and you are using it illegally. But Bitcoin has a really big impact on us and even on others. Since you have money, you can buy more foods or things, which is good for business as well as the economy. Others are also using it to hire people and get paid on it, which is helpful to that person as well as the unemployment rate for the country. There are a lot of aspects in which crypto helps us, and it has a chain effect on others.
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March 08, 2023, 08:18:20 AM
 #125

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?
Why not ? Of course this will really help everyone's economy including those who already have a family in their life, because I don't think that every profit is useless. You can see for yourself in the example of all the people who work and trade every day just for the sake of getting profit, which means that any profit from it will never be wasted and is clearly very beneficial for helping everyone's economy.

Bitcoin and other cryptos still help my economy even though as time goes on our government has to ban their use through its regulations for reasons best known to them, I think the ban has been lifted. But I must say, so many people get job opportunities from Bitcoin and other crypto, so many of us no longer care whether our government can give us jobs or not, we are good with what we have
If it's still okay, that means it's still very helpful even though you don't work in a government agency for now. Because when you can still survive by continuing to work in the crypto space by investing in Bitcoin and also trading other cryptocurrencies on the market by getting profits, it is a very simple answer that every profit you get is still very beneficial for the economy in your life until At the moment.

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March 08, 2023, 10:15:46 PM
 #126

To be honest, I don't just trade bitcoins, and my answer is yes, I help finance my daily life, buy vehicles, pay bills, almost everything is done from that.
and in the last 3 years I have only depended on online income.
but now market is very crucial and i dont have some capital to trade, so i will start again from the first.
the same as you, but at that time it still gave very good results not only from trading but from bounties. now the situation is very different, from trading it is very difficult to earn, it is also made difficult from bounties which currently rarely produce by surprise, so that later it can be used as trading capital.
I was the same as you when going through the Covid pandemic, a lot of funds were drained and now is the time to try to collect again, but it doesn't seem easy and it will take a long time waiting for very significant changes.

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March 08, 2023, 10:25:21 PM
 #127

To be honest, I don't just trade bitcoins, and my answer is yes, I help finance my daily life, buy vehicles, pay bills, almost everything is done from that.
and in the last 3 years I have only depended on online income.
but now market is very crucial and i dont have some capital to trade, so i will start again from the first.
the same as you, but at that time it still gave very good results not only from trading but from bounties. now the situation is very different, from trading it is very difficult to earn, it is also made difficult from bounties which currently rarely produce by surprise, so that later it can be used as trading capital.
I was the same as you when going through the Covid pandemic, a lot of funds were drained and now is the time to try to collect again, but it doesn't seem easy and it will take a long time waiting for very significant changes.
Bitcoin and other crypto opportunities have saved me during the pandemic as well especially when I have lost my permanent job during the lockdowns and I think it helped the economy a bit because of our consumption taxes. When it comes to trading, it might fail sometimes but it shouldn't end there because once we notice our mistakes, we will be able to do it the right way in our next trading sessions. Bitcoin has been offering more opportunities and if we acquire skills, we can grab most of them which will surely have a good impscy on the economy in the long run.
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March 09, 2023, 02:29:30 AM
 #128

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 really help my economy a lot. Especially i entered crypto world when bitcoin price still around $200-$300. When it is pumped, although my coin is less than 1, it still really worth to hold and we know only in a few years bitcoin price get multiplied and wonder how many people who get benefit from it.

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March 09, 2023, 02:51:58 AM
 #129

Bitcoin really help my economy a lot. Especially i entered crypto world when bitcoin price still around $200-$300. When it is pumped, although my coin is less than 1, it still really worth to hold and we know only in a few years bitcoin price get multiplied and wonder how many people who get benefit from it.

When the price of Bitcoin is still around $200-$300, I don't think many people know that the price of Bitcoin will be as expensive as it is now or as expensive as it is at ATH in 2021, because the big price of Bitcoin will be known by many people after the increase in the market. And for the benefits that have been obtained by many people through Bitcoin so far, I think this is clearly very helpful for them in developing their economy, because the benefits of Bitcoin can be used for many things, including to run a business.

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March 09, 2023, 03:06:10 AM
 #130

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 really help my economy a lot. Especially i entered crypto world when bitcoin price still around $200-$300. When it is pumped, although my coin is less than 1, it still really worth to hold and we know only in a few years bitcoin price get multiplied and wonder how many people who get benefit from it.
If given a chance to enter this market having that low price? surely I will be holding at least 100 bitcoin and up because I will sell all my assets just to buy this coin  Grin

congratulations because at least you are holding 1 whole bitcoin things that really hard for many of us now accumulate now because of really high price.

__________________________________

Bitcoin had helped me personally specially in pandemic times when I lost my job and needs to sustain my family needs , this entered bitcoin as my savior more than when 2021 spike happens.

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March 09, 2023, 08:08:07 AM
Merited by fillippone (2)
 #131

No doubt many people benefited on bitcoin especially to early adopters and that's no exemption to me hence it helped me a lot as a financial support for the family. In our country bitcoin is not well adapted yet but soon enough it will be, its just a matter of time. Having profit and losses is really part of the crypto industry that's why DYOR will always be the answer no matter what and full knowledge of it will be the advantage.
In fact, there are many stories of people whose lives have turned from poor to rich. because that person used to have a number of bitcoins that he saved. and he just reminded a few years later after the price was high. I have heard stories like this a lot. and of course directly the person's economy has been helped.

for me personally do not have much profit in bitcoin. but the current value of my long-term investment assets still shows I have a growing profit. because I started accumulating with DCA since the Bitcoin price has been corrected to 15k and 16k and until now. I stopped accumulating when bitcoin touched 23-24k. but now i started again. I hope my investment can bring more profit in the future.
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March 09, 2023, 09:16:40 PM
 #132

In my opinion the presence of Bitcoin is a good opportunity to increase income, of course it takes accurate data whether useful or helping my country, what I know is that my country is not banned but also not legalized, all transactions must use fiat even for domestic transactions if using foreign currencies then Can be punished, the same as if in the country transacting with Crypto is also prohibited.
In deed, Bitcoin represents a significant opportunity for individuals with basic internet skills and basic knowledge of using apps to generate additional income through activities such as, investing, trading, mining or joining bounty campaigns. despite its ambiguous legal status in many countries including my own, but people are still using it as means of storing value and engaging in  trading activities because Bitcoin is an attractive option for those who are looking to expand their income generating opportunities.
I agree on some of you have said except from mining. Mining doesn't work in the app and if there are apps that you see in the store which promised Bitcoin mining, they are fake. They only use some animations that make you look like you are mining a Bitcoin but the truth is you aren't. They inject ads through their app and they are the ones that will earn the most.

They will only send you Bitcoins if you already reach some threshold but this wasn't worth it as it can take a lot of time. Before we engage in different Bitcoin activities, it will be better to check the legality status of Bitcoin in our place or country so that we can stay away from trouble.
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March 09, 2023, 11:54:16 PM
Last edit: March 10, 2023, 03:42:13 AM by loopes
 #133

Bitcoin really help my economy a lot. Especially i entered crypto world when bitcoin price still around $200-$300. When it is pumped, although my coin is less than 1, it still really worth to hold and we know only in a few years bitcoin price get multiplied and wonder how many people who get benefit from it.

When the price of Bitcoin is still around $200-$300, I don't think many people know that the price of Bitcoin will be as expensive as it is now or as expensive as it is at ATH in 2021, because the big price of Bitcoin will be known by many people after the increase in the market. And for the benefits that have been obtained by many people through Bitcoin so far, I think this is clearly very helpful for them in developing their economy, because the benefits of Bitcoin can be used for many things, including to run a business.

You can check bitcoin's historical price from this website Bitcoin Price History: 2009 - 2023 .

Approx, at the past 2014 or 2015 bitcoin price was low at range 200 - 300 USD, but i agree with you that at that time, bitcoin was strange to the most of people so i think only some people knew bitcoin or used it. But if there were some one buy some bitcoin since that time and still hold it, he will get big return from investing it.

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March 10, 2023, 03:54:01 AM
 #134

Until now I have never heard of an official statement from the government about bitcoin, it seems that it is not banned and there are no special regulations, several times there have been large cryptocurrencies events attended by several top exchanges such as Huobii, Binance and so on, I hope this will have a good impact in the future so that cryptocurrencies can be useful.


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March 10, 2023, 04:15:56 AM
 #135

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?
of course it really helps the family economy if you get profit from bitcoin investment. I have experienced this precisely in 2018 until I was able to build a house and buy a dream motorbike from bitcoin investment results. at that time it seemed very easy to make money from bitcoin, even other altcoins that contributed a lot of profit in the cryptocurrency world. unfortunately I missed the bullrun in 2021, so I didn't earn much at that time. and currently still waiting for the glory days to come back

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March 10, 2023, 08:13:25 AM
 #136

Bitcoin has done a lot great things for my family than the government of my country ever did. I have absolutely nothing against Bitcoin, even though it happened to be on a downtrend for quite some time now.

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March 10, 2023, 09:20:07 AM
 #137

In my personal view, Bitcoin helps my economy and also helps me to learn what cryptocurrencies and decentralized systems are.  If I succeed with Bitcoin and become a millionaire I don't think it will happen anytime soon.  Because not infrequently I also experience losses from trading with Bitcoin.  There are even a few projects I've been involved in that ended up being a scam.  But still Bitcoin helps me in science and economics because from Bitcoin I have learned many things.

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March 10, 2023, 02:36:24 PM
 #138

bitcoin does help me in term of economy i was known bitcoin since 2017 until know i learn a lot from it. unfortunately bitcoin is banned in my country as payment method but the regulation is not really impact to me.

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March 10, 2023, 06:10:15 PM
 #139

Bitcoin has undoubtedly become the greatest and best inventive I've ever known since the year 2017 and it's been saving souls beyond imagination ever since. And another reason I like it the more is the fact that Bitcoin is unstoppable.

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March 10, 2023, 07:09:23 PM
 #140

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?
So far bitcoin bitcoin is one of the assets that has been proven to be able to help grow my economy when experiencing financial constraints, such as when there was a pandemic last year where we all could not do work outside the home and caused us financial difficulties but at that time the existence of bitcoin is very useful because we can still get passive profits from bitcoin when the global economy is in chaos and many people recognize that bitcoin is good as an alternative asset that can save us from economic collapse.

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March 10, 2023, 09:28:36 PM
 #141

Bitcoin is a household name in my country. It has really positively affected the economy of my country by changing the fortunes of at least 2 million young people in my country. But Bitcoin has two major pressing economical problems in my country. Firstly the federal government policies does not encourage the general populace to invest in Bitcoin and secondly their are very few private businesses who accepts the use of Bitcoin as a means of payment.

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March 10, 2023, 09:59:13 PM
 #142

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?
So far bitcoin bitcoin is one of the assets that has been proven to be able to help grow my economy when experiencing financial constraints, such as when there was a pandemic last year where we all could not do work outside the home and caused us financial difficulties but at that time the existence of bitcoin is very useful because we can still get passive profits from bitcoin when the global economy is in chaos and many people recognize that bitcoin is good as an alternative asset that can save us from economic collapse.
You are right, we are experiencing an economic crisis during a pandemic where we are unable to do any work to earn income and even public areas have been closed because the covid outbreak continues to increase, but the crypto market has saved us from a state of economic crisis because many traders get passive profits for meet their needs during the pandemic.

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March 10, 2023, 10:06:37 PM
 #143

Wow, what kind of question is this, of course the name profit will definitely help wherever you invest.
moreover investing and getting big profits will certainly really help the economy but everything has its own risks including investing in BITCOIN
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March 10, 2023, 11:15:31 PM
 #144

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?
So far bitcoin bitcoin is one of the assets that has been proven to be able to help grow my economy when experiencing financial constraints, such as when there was a pandemic last year where we all could not do work outside the home and caused us financial difficulties but at that time the existence of bitcoin is very useful because we can still get passive profits from bitcoin when the global economy is in chaos and many people recognize that bitcoin is good as an alternative asset that can save us from economic collapse.
You are right, we are experiencing an economic crisis during a pandemic where we are unable to do any work to earn income and even public areas have been closed because the covid outbreak continues to increase, but the crypto market has saved us from a state of economic crisis because many traders get passive profits for meet their needs during the pandemic.
for those who have knowledge about cryptocurrencies, it is not a problem in economic conditions can still survive in that situation. but we can see that many people expect big returns but in the end they end up losing money. but what I feel from the benefits of investing in bitcoin really helps my family's economy, where I can buy tertiary needs, which were only wishful thinking before

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Cryptock
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March 11, 2023, 07:59:40 AM
 #145

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.
Likewise - in our country only a few know people are getting benefited.
Not everyone has smartphone not everyone has an access to internet. So in our country bitcoin is not affecting the economy of the country.

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Vishnu.Reang
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April 26, 2023, 05:08:10 PM
 #146

 Specially in countries with high inflation, accepting cryptocurrencies, mainly stable coins, instead of local currency can help money maintain its value. 
 Cryptocurrencies also offer businesses more flexibility in their treasury planning. Apart from this we can purchase coupon using bitcoin and we can full fill
needs  like from amazon, Flipkart, Uber etc. Now a days everything is available on online platform from groceries to furniture. If we are doing shopping that means we are spending huge money. From this money government collect tax that can help to improve country's economy. Bitcoin really help the economy by increasing the purchasing power of the ordinary people in the country
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April 26, 2023, 05:38:33 PM
 #147

Helping your family is not a matter of you investing in Bitcoin, if you are stingy it doesn't matter if you invest in anything or not, so Bitcoin can't be a solution to this. For me, it helps because I know the impact of what I have done for my family from the profits in bitcoin investment.

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April 26, 2023, 05:59:33 PM
 #148

getting to know bitcoin and being able to get free money made me quit a real job with even more fantastic results from crypto. and until now my big income comes from crypto whether it's the tesnet airdrop, bounty. this is what I like and enjoy as I wish. I have ever felt tired from real work life making me have to think about how to change my life for the better, the answer is happening right now. and progress is not easy to go through

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April 26, 2023, 08:17:23 PM
 #149

getting to know bitcoin and being able to get free money made me quit a real job with even more fantastic results from crypto. and until now my big income comes from crypto whether it's the tesnet airdrop, bounty. this is what I like and enjoy as I wish. I have ever felt tired from real work life making me have to think about how to change my life for the better, the answer is happening right now. and progress is not easy to go through
Making the bold decision to leave your primary job for cryptocurrency is a risky move. It appears that you had other reasons for resigning from your workplace besides crypto or Bitcoin. In recent years, there have been numerous airdrops that fail to provide fair earnings for their participants. Some even turn out to be worthless tokens or coins that cannot be sold.

Over 95% of the existing cryptocurrency airdrops pay their users with Altcoins, whereas OP inquired about how Bitcoin can benefit your economy. However, it's not all bad news, as you can invest some of your earnings from airdrops and bounties into Bitcoin.
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April 26, 2023, 09:02:48 PM
 #150

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, when I benefited from bitcoin, I helped my family and friends a lot, bitcoin really helped my family's economy and I was helped a lot from bitcoin, thanks bitcoin, but before I experienced something called profit, I also experienced losses

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April 27, 2023, 05:07:21 PM
 #151

getting to know bitcoin and being able to get free money made me quit a real job with even more fantastic results from crypto. and until now my big income comes from crypto whether it's the tesnet airdrop, bounty. this is what I like and enjoy as I wish. I have ever felt tired from real work life making me have to think about how to change my life for the better, the answer is happening right now. and progress is not easy to go through
Making the bold decision to leave your primary job for cryptocurrency is a risky move. It appears that you had other reasons for resigning from your workplace besides crypto or Bitcoin. In recent years, there have been numerous airdrops that fail to provide fair earnings for their participants. Some even turn out to be worthless tokens or coins that cannot be sold.

Over 95% of the existing cryptocurrency airdrops pay their users with Altcoins, whereas OP inquired about how Bitcoin can benefit your economy. However, it's not all bad news, as you can invest some of your earnings from airdrops and bounties into Bitcoin.
somehow in 2013 getting to know the digital world made me interested and found crypto mining, this bounty forum made me want to know more deeply, and after a while I understood and could make money like in the forum now, bounty, airdrop made me better from the economy previously. made me stay firmly out of a real job switching professions that are not my path. until this second it still survives in crypto

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April 27, 2023, 07:37:13 PM
 #152

My economy is very helpful by getting to know the bitcointalk forum, here I know the right way to invest and also how to trade in crypto. but there is one more thing that really helps my family's economy when I get gifts from this forum and I exchange them for money. with bitcoin I think it helps almost everyone if they are able to manage Bitcoin

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April 27, 2023, 08:29:35 PM
 #153

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 offers a lot of personal advantage which have been both direct and indirect. An example of the direct benefit of bitcoin is that I was able to procure my first apple desktop computer for my personal business with the profit I made from bitcoin. An indirect benefit of bitcoin here is that, because of the business I started
I have made over $400k with numerous clients calling for my attention. A neutral benefit of bitcoin is that it has afforded me the opportunity to be able speak to people about it and tell them its benefits too.

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May 02, 2023, 04:33:16 PM
 #154

My economy is very helpful by getting to know the bitcointalk forum, here I know the right way to invest and also how to trade in crypto. but there is one more thing that really helps my family's economy when I get gifts from this forum and I exchange them for money. with bitcoin I think it helps almost everyone if they are able to manage Bitcoin
That help you are earning from the forum is helping your family but not in the broader aspect the people away from you. In personal financing you are doing good if you are earning from campaigns on this forum or trading crypto. But we must hope for higher things in life and here this is the biggest awareness and spread of crypto in the locality. Then only we can help the entire economy earn money and grow using their own skills.

Taxation and laws pose an hindrance to this but gift cards are there which can be redeemed and used to live on crypto.

R


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May 02, 2023, 05:24:30 PM
 #155

My economy is very helpful by getting to know the bitcointalk forum, here I know the right way to invest and also how to trade in crypto. but there is one more thing that really helps my family's economy when I get gifts from this forum and I exchange them for money. with bitcoin I think it helps almost everyone if they are able to manage Bitcoin
Yes, this forum really helps a lot of people and we have to appreciate it,
but it all also can not be separated from our own hard work,
making profit in crypto is not easy full of risks and success or not depends on ourselves.
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May 03, 2023, 06:15:56 AM
 #156


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

Bitcoin's impact on the economy is an interesting topic of discussion. I think the overall impact on the economy is unclear. However, it does have potential benefits such as greater financial inclusion, lower transaction fees, and increased security. I myself have felt that at least this directly helps individuals and my family economically, but it depends on various factors such as the investment strategy and financial situation that will be used. who must be good at managing time.

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May 03, 2023, 01:06:57 PM
 #157

Bitcoin is not a widely accepted currency globally especially in developing countries. Local currencies still hold sway seconded by the dollar. A lot of people still lack knowledge of the through nature of bitcoin, therefore, acceptance is skewed.
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May 03, 2023, 01:45:01 PM
 #158

My economy is very helpful by getting to know the bitcointalk forum, here I know the right way to invest and also how to trade in crypto. but there is one more thing that really helps my family's economy when I get gifts from this forum and I exchange them for money. with bitcoin I think it helps almost everyone if they are able to manage Bitcoin


This was directly addressed to you, which I think is some sort of personal help in your finances, but I think the way you help the economy is that you can buy more foods right now, which means you paid tax as well as the owner of the store you purchased, so you are able to help them. The impact on the economy that happened before to me was that I was able to generate a few side jobs for others who needed financial help, but this was before when there were a lot of tasks to do and the pay was in bitcoin.
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May 03, 2023, 06:30:53 PM
 #159

Bitcoin is not a widely accepted currency globally especially in developing countries. Local currencies still hold sway seconded by the dollar. A lot of people still lack knowledge of the through nature of bitcoin, therefore, acceptance is skewed.
it provided opportunities to those who couldn't afford to participate in worldly economic decisions which is why the government doesn't like the idea of not only being threatened but also tipping their own hierarchy and giving people not on the same league a chance to make financial decisions.
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May 03, 2023, 07:57:54 PM
 #160

It is possible that individuals who benefit from investing in bitcoin can help their economy and their family. For example, if someone invests in bitcoin and earns a profit, they can use that profit to support their family and invest in other areas of the economy. Additionally, if more people invest in bitcoin and it becomes widely adopted, it could potentially lead to positive changes in the economy as a whole.
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May 03, 2023, 10:00:59 PM
 #161

It is possible that individuals who benefit from investing in bitcoin can help their economy and their family. For example, if someone invests in bitcoin and earns a profit, they can use that profit to support their family and invest in other areas of the economy. Additionally, if more people invest in bitcoin and it becomes widely adopted, it could potentially lead to positive changes in the economy as a whole.

Also, some also uses their profit it crypto trading and other sources from it to start a business. In this way it can help the economy to grow more since it is a fact that small businesses have a great impact in the economy especially in our country. Also, it can be a form of employment for those who does not have job so in that way it really minimizes the unemployment rate unofficially since this cannot be recorded by the government. Lastly, bitcoin and crypto awareness that makes them engaged in it making the people more financially aware and included so that they can make them financially secured in the future
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May 03, 2023, 10:51:25 PM
 #162

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?
It was a few days ago or rather 10 days ago when the bitcoin price dropped back down to 26k levels. At that time I tried to speculate, namely buying bitcoins in large quantities. this purchase is not for the long term. because I also have routine accumulation for the long term. But this one is another purchase I'm hoping to turn a profit on in a few days. because I'm pretty sure BTC will be back up by then. I bought in large quantities. usually I'm not like this. then I put a sell order at 30k. and actually I didn't expect that in just a few days my speculative large amount of BTC has actually been sold. and of course I get quite a lot of profit because I sell in large quantities. and then I got the news that one of my family is out of debt. and right then and there I started withdrawing the money from the trading profits and gave it to one of my family and I told him to pay off the loan he had. and yeah this is one of the steps that I did via bitcoin and helped one of my family members. and actually at first I did not intend to use the money (profits) to be disbursed into fiat. and I will initially add it to my long-term accumulated bitcoin entry amount. but when I heard one of the brothers from my family was confused. So I don't hesitate to help him. but to be honest I don't dare to speculate again for short-term trades like that if there isn't a right moment. the right moment is when the market suddenly turns red quickly. because usually this is always an indication that there will be a price bounce that is just as fast.
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May 03, 2023, 11:29:18 PM
 #163

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?

Investing in Bitcoin wisely is more like you investing in a business. Since a business will add to the economic growth of your country, Bitcoin will also go a long way to help the economy as people who invested wisely are making their cash.

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May 04, 2023, 04:51:37 AM
 #164

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?

Investing in Bitcoin wisely is more like you investing in a business. Since a business will add to the economic growth of your country, Bitcoin will also go a long way to help the economy as people who invested wisely are making their cash.

Not that I support this view, the apparent fact is that Bitcoin and other cryptocurrencies are based on blockchain technology, which has the potential to transform various industries and create new business opportunities. As more people invest in and use cryptocurrencies, developers and entrepreneurs are encouraged to explore new use cases and applications for blockchain technology.

I think this can lead to the creation of new products, services and job opportunities in the technology sector. Additionally, investing in Bitcoin can help diversify an individual's investment portfolio, which can result in a more stable long-term financial plan meaning that different asset classes, including cryptocurrencies, investors can reduce their overall risk and potentially increase their returns over time. to time.

The question now is are we all interested in BTC now?

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May 04, 2023, 07:17:05 AM
 #165

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, like all cryptocurrencies, has many advantages, but the two most important of them are:
1) that you can multiply your capital as a percentage, and even use the system of compound interest - the very phenomenon why the rich are so rich.
 2) what you earn at home, alone. You don't need to meet people, you are free, there is noboss. No documents are needed, everything is automated and anonymous.

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May 04, 2023, 08:26:49 AM
 #166

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?

    -  Right now in our country, Yes, bitcoin helps our economy because many merchants in this era accept Bitcoin and other altcoins
known in this industry.

In addition to this, the average level of the number of crypto enthusiasts or bitcoin lovers who enjoy it has also increased at this time.
In fact, many people are now holding in our country for the upcoming bitcoin halving next year.

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May 04, 2023, 09:15:08 AM
 #167

There is no official report whether Bitcoin can help my country or not, but from some local exchanges has now implemented a tax discount for crypto sales to fiat, of course this provides input to the state even though it is still in small amounts, and in my opinion if you want to get the maximum profit then The state must legalize bitcoin.
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May 04, 2023, 09:16:20 AM
 #168


Also, some also uses their profit it crypto trading and other sources from it to start a business. In this way it can help the economy to grow more since it is a fact that small businesses have a great impact in the economy especially in our country. Also, it can be a form of employment for those who does not have job so in that way it really minimizes the unemployment rate unofficially since this cannot be recorded by the government. Lastly, bitcoin and crypto awareness that makes them engaged in it making the people more financially aware and included so that they can make them financially secured in the future
I assume that people who earn with the help of cryptocurrency very rarely use their earnings to invest in a business, since they try to direct the earned profit to further investments, often it is bitcoin.

This can only help in such a way that when bitcoin rises in price, these people will become wealthier and therefore spend more, which is good for the economy. But I doubt that the example you cited will contribute to the creation of new jobs. At the moment, bitcoin is an opportunity for everyone who is willing to take the risk of investing now in order to gain freedom in the future.
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May 04, 2023, 09:23:12 AM
 #169

There is no official report whether Bitcoin can help my country or not, but from some local exchanges has now implemented a tax discount for crypto sales to fiat, of course this provides input to the state even though it is still in small amounts, and in my opinion if you want to get the maximum profit then The state must legalize bitcoin.
apart from all that now we are talking about Bitcoin for ourselves, can it help the economy or can we benefit from Bitcoin, of course I think the percentage is very large for people to be able to take advantage of Bitcoin either from trade or other because the price of Bitcoin is fluctuating allows the possibility of taking a large enough profit although it can also happen the other way around if it is not based on knowledge or other things that influence.
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May 04, 2023, 09:25:39 AM
 #170

People who are losing money investing in Bitcoin are very concerned about Bitcoin. Since the price of Bitcoin is unpredictable, don't be nervous about investing in Bitcoin. A restless mind can never profit from investing in Bitcoin with humanity.The use of bitcoin is increasing day by day, so everyone believes that bitcoin or any other crypto can definitely help the economy by increasing the purchasing power of people. People are now investing in bitcoin as one of the ways to earn money in addition to doing jobs. Since Bitcoin investment is open to everyone, more and more people are investing in Bitcoin.

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May 04, 2023, 09:30:12 AM
 #171

There is no official report whether Bitcoin can help my country or not, but from some local exchanges has now implemented a tax discount for crypto sales to fiat, of course this provides input to the state even though it is still in small amounts, and in my opinion if you want to get the maximum profit then The state must legalize bitcoin.
apart from all that now we are talking about Bitcoin for ourselves, can it help the economy or can we benefit from Bitcoin, of course I think the percentage is very large for people to be able to take advantage of Bitcoin either from trade or other because the price of Bitcoin is fluctuating allows the possibility of taking a large enough profit although it can also happen the other way around if it is not based on knowledge or other things that influence.
Making a profit from Bitcoin is certainly very possible but it depends on how we manage it,
for long term investment it will be profitable but on the other hand it is not an easy thing too,
In addition to knowledge and skills of course patience is also very necessary.
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May 04, 2023, 09:46:03 AM
 #172

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?

The emergence of crypto currencies as technological advancement, has not only  transformed the life of early investors, who seized opportunity by investing in it, but also it has opened up new opportunities for software developers who specialize in development of new projects and also provide support services on crypto exchanges. I personally benefited from my investment in early 2017 and harvested significant returns in 2021 during bull cycle.

Apart from being an investment opportunity, it can potentially change the current financial system to be decentralized and anti-inflationary one.









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May 04, 2023, 10:11:55 AM
 #173

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?

The emergence of crypto currencies as technological advancement, has not only  transformed the life of early investors, who seized opportunity by investing in it, but also it has opened up new opportunities for software developers who specialize in development of new projects and also provide support services on crypto exchanges. I personally benefited from my investment in early 2017 and harvested significant returns in 2021 during bull cycle.

Apart from being an investment opportunity, it can potentially change the current financial system to be decentralized and anti-inflationary one.

Exactly. Bitcoin has the potential to bring positive changes not only to individual economies, but also to the global financial system. In addition, Bitcoin's anti-inflationary property can protect against currency devaluation and promote steady economic growth. It can also play an important role in developing countries by providing access to financial services to people who may not have had access before. With Bitcoin, people can store and transfer value without the need for bank accounts or expensive remittance services.

This can encourage financial inclusion and encourage economic growth. Additionally, as more companies and merchants accept Bitcoin as payment, it can stimulate the local economy by increasing the number of transactions and facilitating trade.

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May 04, 2023, 10:55:35 AM
 #174

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage.
I also want to know the basis of someone who has experienced losses when investing in bitcoin, if it is based on a lack of understanding of market analysis then what must be increased is the level of knowledge about it. Basically when people understand how to invest and are able to control the panic, I think it's easy to avoid losses from investing in bitcoin.

The question is whether when you benefit from bitcoin, you can help your economy and your family?
The purpose of investing is indeed to increase the level of the economy for the better and bitcoin provides opportunities for anyone who wants to get involved, but don't think about getting rich in an instant when you decide to invest because what needs to be understood is that there is a process that needs to be gone through and investing doesn't go as easy as that's thought.

There has been a lot of positive impact on investment decisions in bitcoin and today I have seen a big change in the decisions that are made. Bitcoin has brought a real change in increasing the level of financial income and I think almost everyone has had a good impact after investing in bitcoin.

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May 04, 2023, 11:29:10 AM
 #175

All I can say that, it might be transparent to other people but Bitcoin gave a lot of opportunities to people in my country that are engaging in this industry, for sure once they profit they might opened up a business or buy things using the funds from Bitcoin. In short it still contributing to the number of funds in the economy so despite the economic issues, bitcoin might not get affected by it's inflation it might pump up so people wouldn't be affected by inflation if they have funds for BTC.

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May 04, 2023, 11:44:53 AM
 #176

everyone has some sort of advantages with investment and bitcoin but those who cannot afford daily expenses cannot make investment in Bitcoin as it is not a cheap coin. Those who already have bought bitcoin are financial stable so they easily can manage their family expenses as well as live a suitable life.

There is no doubt that bitcoin is higher profitable coin but one can also get afraid when the price goes down so in that situations the life facilities become hard to find for those who just depend on bitcoin and do not have another job.



 

 

 

 

 

 


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May 04, 2023, 12:41:04 PM
 #177

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 has helped many countries as far as I know especially in economic matters. Maybe bitcoin won't be accepted in a country if the leader knows it won't help their economy, right? Only here in our country I know that there are more and more people interested in bitcoin and they are waking up little by little to the help it can provide not only in providing income but also in other things of course.

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May 04, 2023, 11:51:26 PM
 #178

The question is whether when you benefit from bitcoin, you can help your economy and your family?
If bitcoin is not of benefit to people, you wouldn't find people investing in it till this very moment. Bitcoin has been of help to me and my family. I can't even begin to count how many times it has improved my financial situation and that of my family. Nowadays, me and my family member do spend money comfortably in the knowledge that he will eventually recover it by applying the DCA strategy on bitcoin.

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May 05, 2023, 12:21:59 AM
 #179

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?

Of course we can be of help to our family and economy if we personally benefit from Bitcoin. We can use the earnings we gain from investing by helping our family with their finances for them to have a better life. We can put up a business that could give employment to the people who needs a job, with that we can help or contribute to our local economy because our government will benefit from the taxes that will be paid by the business that we set up. But of course we should know the risks in investing in bitcoin, not all the time we are guaranteed to take profit because of the volatility.

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May 05, 2023, 07:46:40 AM
 #180

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?

The emergence of crypto currencies as technological advancement, has not only  transformed the life of early investors, who seized opportunity by investing in it, but also it has opened up new opportunities for software developers who specialize in development of new projects and also provide support services on crypto exchanges. I personally benefited from my investment in early 2017 and harvested significant returns in 2021 during bull cycle.

Apart from being an investment opportunity, it can potentially change the current financial system to be decentralized and anti-inflationary one.
And indirectly actually the presence of bitcoin has helped all of us in taking full control of our own assets because of the decentralized nature of Bitcoin.

In fact, I think the presence of bitcoin has raised awareness about the importance of a decentralized financial system. Even though we still need a centralized system, if it's in terms of investment and storage then security in a decentralized system is guaranteed. because no one can touch our assets other than us who have our own wallet keys.

And about bitcoin investments that help our family economically, I experienced this a few days ago. Where I benefit from short-term investments and I give the profits to one of my family members who really needs money to pay off the loan.
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May 05, 2023, 08:04:15 AM
 #181

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?
The main purpose of our income is to live a little better with our family. People always think how to increase their income in the hope of living a better life. Investing in Bitcoin is not only possible to gain but also potentially to lose. If we profit from Bitcoin, we spend that money on our family needs. And that earned money from Bitcoin plays a big role behind the economic development of our family. Earning from Bitcoin is a great advantage for me and my family.

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May 05, 2023, 08:06:24 AM
 #182

when bitcoin was at its peak in 2017 it helped me a lot in the economy. even then I was still in school until now bitcoin is still the most productive. well, although now it looks not as easy as before but I have to adapt a lot to crypto projects now. I'm sure if I keep up to date with technology I will be able to make more money in the future.

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May 05, 2023, 11:58:22 AM
 #183

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.

I understand what you're saying now. Yes, it's true that investing in Bitcoin has helped many people improve their economic situation. However, it's also important to note that investing always carries risk, and not everyone who invests in Bitcoin will necessarily see a profit. It's important for investors to do their own research and understand the risks involved before making any investment decisions. Additionally, trading can be a very risky activity and requires a certain level of skill and knowledge to be successful, which not everyone may possess.

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May 05, 2023, 01:13:51 PM
 #184

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 can definitely make a person financially strong. And when more than one person is financially strong then surely it will improve the economic aspect of the country. So it must be said that Bitcoin can make both an individual and a country economically strong.  But just as it has its positive side, it also has its negative side.  Because if the price of Bitcoin falls much below the purchase price then it can definitely be a reason for a person to be financially vulnerable.  And it will cause economic damage to an individual as well as to the country.  But of course it is a potential investment asset where investing can improve economically


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May 05, 2023, 01:30:39 PM
 #185

Until now my country is still banned cryptocurrencies, although not strictly and some local exchanges still exist, so there is no report whether cryptocurrencies can help the economy or not, but from several local exchanges in my country they apply KYC and taxes to traders, they say that if one day there is a strict prohibition then they can provide taxes to the government.


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May 05, 2023, 02:17:30 PM
 #186

since getting to know bitcoin, my economy has changed, even though when investing I have losses and gains, but I can handle everything and get more profit because of every loss I experience, I will be more careful in the future so I can get profits, and now I already know a lot of things about bitcoin, even though there are still many other investors who are smarter in predicting the value of bitcoin when a bull run or bear will occur, but the predictions that we make at this time are not optimal, but we can rely on them, and I will continue to change the power of the economy by investing in bitcoin because I know there will be many surprises in the future.

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May 05, 2023, 04:59:04 PM
 #187

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?
There are many people in the world who depend on Bitcoin to be financially free.They are developing themselves at the same time supporting their families. Moreover, it is very easy to guess. There are some of my acquaintances who bought bitcoins for $7000 and sell it in bull market 2021, a good amount of profit earned by them and become millionaire today. They now believe in Bitcoin wholeheartedly. And their focus is on Bitcoin. But the point is that those who still want to go to that stage should try now. Those who collect bitcoins at current prices will at some point reach that desired level. Bitcoin is serving as a way to financial emancipation for the younger generation these days.

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May 05, 2023, 06:07:44 PM
 #188

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?
I am dependent on Bitcoin to support my family members. Everything I earn from this bitcoin forum I am spending on my family. This bitcoin continues to fulfill my financial needs completely. Because I don't have any other medium to fulfill my financial needs except bitcoin forum. Once I lived a very difficult life but now I am living a very comfortable life. I always respect this bitcoin forum. Because this Bitcoin has fulfilled my financial needs and freed me from unemployment. I am very very happy working on this bitcoin.
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May 05, 2023, 07:16:00 PM
Last edit: May 10, 2023, 08:52:59 PM by usekevin
 #189

Bitcoin was act as the economic backbone in many developing countries.Because the people from various developing countries earning money from the forum by signature campaign and the bounty.The people also use the campaign payments to reinvest in the crypto currency.So they can’t multiple the earning from cryptocurrency to usdt.The winning money in trading can be used for their personal uses,Some people keep targeting the same crypto for the longer period.Because they get some profit in any point,when the market response to the trade.The profit from the trading is more then expected.So patience will be the key for the success using your money.
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May 06, 2023, 11:59:14 AM
 #190

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.

I understand what you're saying now. Yes, it's true that investing in Bitcoin has helped many people improve their economic situation. However, it's also important to note that investing always carries risk, and not everyone who invests in Bitcoin will necessarily see a profit. It's important for investors to do their own research and understand the risks involved before making any investment decisions. Additionally, trading can be a very risky activity and requires a certain level of skill and knowledge to be successful, which not everyone may possess.
Also to add to that statement, the effectiveness of the trading strategy varies depending on the person. Which means, what's effective for me doesn't mean it's effective for you too. The risk is there even if you turn a blind eye on that, but you also need to know what methods are effective for you to generate income. A lot of people keep saying that you should get another source of passive income but the problem is, can anybody apply those suggestions? I think no, it also depends on each person's opportunity and his location. Not because you are given the same opportunity to earn from that, doesn't mean they can also earn from that. Always keep in mind there's always a loser in terms of trading. One side wins, while the other lost.

We could say base on the percentages that there are quite a few people who changed their life due to crypto, but we must also consider that there some who are facing silent battles due to losing in crypto.

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loopes
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May 06, 2023, 06:35:19 PM
 #191

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?
There are many people in the world who depend on Bitcoin to be financially free.They are developing themselves at the same time supporting their families. Moreover, it is very easy to guess. There are some of my acquaintances who bought bitcoins for $7000 and sell it in bull market 2021, a good amount of profit earned by them and become millionaire today. They now believe in Bitcoin wholeheartedly. And their focus is on Bitcoin. But the point is that those who still want to go to that stage should try now. Those who collect bitcoins at current prices will at some point reach that desired level. Bitcoin is serving as a way to financial emancipation for the younger generation these days.
Some one who depends on bitcoin has two chance, ieg losing or profit. Usually, their profit becomes additional income to fulfill his needs or his family needs. Even they who make a living from bitcoin will always feel that bitcoin is very helpful to enhance their family economic.

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May 06, 2023, 06:43:20 PM
 #192

Bitcoin more everything have been support with my financial since 2016 started with joined bounties campaign and have capital start for trading in cryptocurrency. Bitcoin helped with my financial be better because I can help my family financial until going anywhere after earning profit from bitcoin investment, maybe I don't know any new kinds of smart phone model without helped from Bitcoin and focus with real job with lower salary receiving every month.

I am glad know with Bitcoin until right now have more contribution in my life, will spent all daily time for checking bitcoin price update and trading or investing in cryptocurrency have been my habit right now.

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May 06, 2023, 07:53:52 PM
 #193

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?
When we get benefits from investments, our economy and our families will automatically be helped, in the name of definite profits we will get money from the investments we make, so questions like this are far from ideal to ask. You have to ask how to use the profits earned from bitcoins? so that the investment made can grow from a small capital to a larger one.

Talking about profits will certainly help our economic resources, but talking about profits is also based on how consistent your investments are. Everyone benefits from investing as long as it's done in the right way, little chance of getting a loss when the investment has been done correctly.


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May 17, 2023, 06:11:15 PM
 #194

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?

I think BTC is useful for long-term investments only, most probably it won't make someone rich in a couple of months. The other thing to do with crypto is to save money, since the world's main fiats are at a high risk of heavy inflation now. So having BTC is anyway a good idea...

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May 18, 2023, 12:43:46 PM
 #195

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?

I think BTC is useful for long-term investments only, most probably it won't make someone rich in a couple of months. The other thing to do with crypto is to save money, since the world's main fiats are at a high risk of heavy inflation now. So having BTC is anyway a good idea...

I agree with your opinion that BTC is a long-term asset and has characteristics that are considered to provide a hedge for its users. which I'm confused about why all talk about the shortcomings when they know this is a big gemstone??

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May 18, 2023, 12:57:33 PM
 #196

when bitcoin was at its peak in 2017 it helped me a lot in the economy. even then I was still in school until now bitcoin is still the most productive. well, although now it looks not as easy as before but I have to adapt a lot to crypto projects now. I'm sure if I keep up to date with technology I will be able to make more money in the future.
You are lucky because you have known crypto for quite some time. So that I have witnessed and been involved in several bitcoin halvings as well as several bull markets and maybe also bear markets. I personally can still be said to be a person who is quite late in entering Crypto, especially bitcoin. Because in the past I just heard and saw a lot of advertisements on the internet about bitcoin without caring about it.

Since last year or earlier (I forgot) I have decided to get into Bitcoin investing. Because I don't want to just be a spectator when bitcoin returns to ATH or when it breaks a new ATH. I want to be involved in it and benefit from it.

Luckily I know the DCA strategy that I know from this Forum and from someone. Because with this strategy at least I can invest in a relaxed manner and without being too psychologically affected. Because the money used was relatively money that I did set aside little by little. But recently I also had a good experience of bitcoin helping the economy.
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May 18, 2023, 01:39:12 PM
 #197

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?

I think BTC is useful for long-term investments only, most probably it won't make someone rich in a couple of months. The other thing to do with crypto is to save money, since the world's main fiats are at a high risk of heavy inflation now. So having BTC is anyway a good idea...

In the long term, the upside potential of bitcoin is huge, but it also comes with risks, bitcoin is not only profitable but also potentially risky. Bitcoin has potential, but its future is still a question mark as no one has proven it will exist in the future. So I don't think it would be a wise decision to use bitcoin as a means of savings, not to mention its volatility is not suitable to be considered savings. Owning bitcoin is one of the great things as it is the best return on investment these days, but bitcoin is only suitable for investment, and investment is risky. So don't put all your savings in bitcoin, diversify with other assets.

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May 18, 2023, 02:06:57 PM
 #198

it really helped me even when i was still in school. I even supported my family and myself at a fairly young age and continued my education with bitcoin in 2017. At that time, even from bounties, there were many profitable projects and airdrops also paid a lot. the market has many community choices that don't drop each other. i guess it will never be there again in the future. even now I still feel helped by bitcoin.

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May 18, 2023, 02:32:56 PM
 #199

it really helped me even when i was still in school. I even supported my family and myself at a fairly young age and continued my education with bitcoin in 2017. At that time, even from bounties, there were many profitable projects and airdrops also paid a lot. the market has many community choices that don't drop each other. i guess it will never be there again in the future. even now I still feel helped by bitcoin.
you are very great, at a young age you can help revive the economy or help the family economy.
to be honest, when I think about the success of the Bounty and Airdrop in 2017, I feel very lucky to be able to experience the many benefits that I got, maybe more or less the same as you.
and it cannot be denied that the beginning of my independent life was when I got a lot of money from Bounty in 2017 and I still feel the positive impact to this day.
that's enough and even really helps the economy and even my life.



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May 18, 2023, 06:27:46 PM
 #200

it really helped me even when i was still in school. I even supported my family and myself at a fairly young age and continued my education with bitcoin in 2017. At that time, even from bounties, there were many profitable projects and airdrops also paid a lot. the market has many community choices that don't drop each other. i guess it will never be there again in the future. even now I still feel helped by bitcoin.

We do miss those days where airdrops and bounties are too generous that when we are lucky enough 1 bounty campaign can make us rich.  One example of this bounty is the Utrust bounty campaign where the participants were rewarded ten of thousands of tokens. The bounty payment is enough for a person who is living in a developing country to have a fund for a good business.  I also remember a campaign that rewarded its participants with Ethereum ranging from 10 to 100 ETH per person.  The participants of these campaigns are surely helped in their economy. 

Likewise, my participation in cryptocurrency enables me to support and improve my family's way of living.

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May 18, 2023, 06:43:24 PM
 #201

Yeah, of course, bitcoin and cryptocurrencies have affected me and my family members quite a bit. Especially in this inflationary economic time when having a lot of jobs is limited, it is not easy to still earn a monthly profit to help the family. The amount of money earned from daily work is not enough to cover the family's living expenses. Therefore, I am very grateful that it has contributed to the source of income (accounting for more than 70%) and contributed to maintaining happiness in today's time.









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May 19, 2023, 11:02:45 AM
 #202

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?
Logically, the purpose of trading Bitcoin is to make a profit in order to add to the list of wealth, the profit earned can be used for family needs and the rest is kept as cold funds. Everyone must have the same goal, no one likes to lose. Bitcoin can not only help the family economy, you can buy whatever you like as long as you still get profit.
There is no limit to profit, the more money you invest, the greater the potential for profit. I do not discuss the risk of loss here because your question leads to profits to help the economy from Bitcoin investment results.

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Davian144
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May 19, 2023, 11:26:02 AM
 #203

Yeah, of course, bitcoin and cryptocurrencies have affected me and my family members quite a bit. Especially in this inflationary economic time when having a lot of jobs is limited, it is not easy to still earn a monthly profit to help the family. The amount of money earned from daily work is not enough to cover the family's living expenses. Therefore, I am very grateful that it has contributed to the source of income (accounting for more than 70%) and contributed to maintaining happiness in today's time.

I have also been greatly helped by Bitcoin and cryptocurrencies as long as I know them until now. Because apart from being able to cover the needs that I need suddenly, Bitcoin and cryptocurrencies have also provided some valuable things for me through the profits I get through them. It has also changed my life which was once difficult to become a better and more comfortable life.

So it cannot be denied that Bitcoin and cryptocurrency can indeed change the lives of many people as long as these people can be very patient in going through difficult days when Bitcoin and cryptocurrency experience simultaneous price drops in the market. But besides that, I still work as usual in life to continue to earn income for my daily needs although I also have high hopes for Bitcoin and cryptocurrencies.
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May 19, 2023, 11:31:21 AM
 #204

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?
Logically, the purpose of trading Bitcoin is to make a profit in order to add to the list of wealth, the profit earned can be used for family needs and the rest is kept as cold funds. Everyone must have the same goal, no one likes to lose. Bitcoin can not only help the family economy, you can buy whatever you like as long as you still get profit.
There is no limit to profit, the more money you invest, the greater the potential for profit. I do not discuss the risk of loss here because your question leads to profits to help the economy from Bitcoin investment results.
yes, that's true and it's not just trading, but what is meant by anything, whether Bounty or Airdrop, the point is whether Bitcoin helps the economy.
and my answer personally was very helpful, I got a lot of benefits from Bounties and also Airdrops a long time ago and it was enough to improve my economy and also my family.
and for trading bitcoin, I think for people who are just looking to profit from trading Bitcoin, there are many different answers, especially for people who are new to Bitcoin.
the risk of trading Bitcoin is very high indeed, but know that the possibility of profit is very much worth it with all the risks involved.

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May 19, 2023, 12:02:30 PM
 #205

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?
Logically, the purpose of trading Bitcoin is to make a profit in order to add to the list of wealth, the profit earned can be used for family needs and the rest is kept as cold funds. Everyone must have the same goal, no one likes to lose. Bitcoin can not only help the family economy, you can buy whatever you like as long as you still get profit.
There is no limit to profit, the more money you invest, the greater the potential for profit. I do not discuss the risk of loss here because your question leads to profits to help the economy from Bitcoin investment results.
Well, basically the purpose of using bitcoin is to increase the finances that we have, so it's obvious that it will increase the economy that we have. In fact, some people have become rich people or a businessman by utilizing Bitcoin. so far, I still use Bitcoin because it really affects my economy and finances. I think a lot of people feel the same way I do here.

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Dimitri94
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May 19, 2023, 12:15:38 PM
 #206

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?
Most countries still do not allow Bitcoin or cryptocurrency. Due to which the impact of Bitcoin on our economy cannot be seen directly, but we will see its wide spread use indirectly. Everyone who invested in Bitcoin before 2015 and the investors who took their profits in 2021 became economically very strong. A part of their profits must be invested or spent in their home country. It can be through purchase of goods or through establishment of business. Then I must add that money to my country's economy. Because when I am buying the product, the seller of that product is profiting financially and I pay tax at the specified rate to the government.

When i will get bitcoin legal in my country of course I will have the opportunity pay the tax to the government for using Bitcoin. At that moment Bitcoin will directly play an important role in the economy.
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June 18, 2023, 02:11:00 PM
 #207

Running people or families with Bitcoin is not as easy as people make it out to be. Because we know some of the ways to make money from Bitcoin are Bitcoin Holding Bitcoin Trading It is not possible to run a family because it is seasonal, it is only Bitcoin trading that you can benefit from but it is also not easy. We still don't need to keep our eye on one basket, we still need to do other businesses to support Bitcoin efforts and trading.

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June 18, 2023, 02:49:44 PM
 #208

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?
Of course we have all experienced gains and losses in investing in bitcoin, this is a natural thing considering the price is very volatile. I personally know bitcoin, this really helps my economy and my family, especially now that I know this forum, this is a plus for me to find additional income.

Basically the purpose of investing is to improve economic conditions for the better, including in a country. Bitcoin also provides opportunities for anyone who wants to get involved, but what we need to know and always remember is that investing in bitcoin is not a shortcut to getting rich in an instant. There is a process that needs to be gone through and risks that need to be understood.
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June 20, 2023, 10:29:49 AM
 #209

there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage.
Investing or trading in bitcoin, indeed has very good potential. Moreover, investing in the long term, it is certain that it is likely to be very profitable. But even so, the name of investing or trading, it is certain that you will not escape the name of profit and loss, because that's how cycles and reality are. All of that applies to me too, as a bitcoin investor too. I've experienced many gains and losses, and that doesn't make me despair. Because I am used to trading or investing, it's all because I am also involved in the business world, and what is called loss is something that is normal in the world of investment or trading. So when I decided to invest in bitcoin, I was ready with all the consequences.
Quote
The question is whether when you benefit from bitcoin, you can help your economy and your family?
Even though I sometimes experience losses, the profits I get from bitcoin are enough to help my family's economy. So you could say bitcoin is quite influential on the economic situation of me and my family. Because I also invest in bitcoin not only in the long term, but I also invest in bitcoin in the short term too. And from that short-term investment, I often get a profit, which is quite enough for my life with my family. And for bitcoin assets that I invest in the long term, maybe it will be an advantage for me in the future.

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bitzizzix
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June 20, 2023, 10:54:26 AM
 #210

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?
Logically, the purpose of trading Bitcoin is to make a profit in order to add to the list of wealth, the profit earned can be used for family needs and the rest is kept as cold funds. Everyone must have the same goal, no one likes to lose. Bitcoin can not only help the family economy, you can buy whatever you like as long as you still get profit.
There is no limit to profit, the more money you invest, the greater the potential for profit. I do not discuss the risk of loss here because your question leads to profits to help the economy from Bitcoin investment results.
Well, basically the purpose of using bitcoin is to increase the finances that we have, so it's obvious that it will increase the economy that we have. In fact, some people have become rich people or a businessman by utilizing Bitcoin. so far, I still use Bitcoin because it really affects my economy and finances. I think a lot of people feel the same way I do here.
Of course and I'm sure most people use bitcoin to build their finances to be better and also stable in everyday life because bitcoin really helps them overcome financial problems. And the way they get extra income from bitcoin or other crypto in different ways according to their skills and habits to earn.
and I also feel the benefits and extraordinary experiences from this industry, besides being able to help and make my wishes come true, this industry has also given me many extraordinary experiences that I have never encountered before. And this is very extraordinary and a gift from God, because I feel a significant difference before and after being in this industry.

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June 20, 2023, 11:49:25 AM
 #211


Basically the purpose of investing is to improve economic conditions for the better, including in a country. Bitcoin also provides opportunities for anyone who wants to get involved, but what we need to know and always remember is that investing in bitcoin is not a shortcut to getting rich in an instant. There is a process that needs to be gone through and risks that need to be understood.

Totally agree with you that investment is done to improve your financial condition and Bitcoin investment is the best platform to improve your financial condition. Well, there are many other crypto currencies in the market, but Bitcoin is the only crypto currency that is considered the safest to invest in.

Investing in Bitcoin is not a short-term investment, it is a long-term investment. Investing in Bitcoin can be one of the best and most profitable investments in a bear market. It is very important to know that the timing of your entry is correct, because entering at the wrong time can also expose you to losses.an entry into Bitcoin at the present time can be a very good entry, because the bull season has not started yet and the halving time is approaching.

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June 20, 2023, 12:24:39 PM
 #212

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?
Logically, the purpose of trading Bitcoin is to make a profit in order to add to the list of wealth, the profit earned can be used for family needs and the rest is kept as cold funds. Everyone must have the same goal, no one likes to lose. Bitcoin can not only help the family economy, you can buy whatever you like as long as you still get profit.
There is no limit to profit, the more money you invest, the greater the potential for profit. I do not discuss the risk of loss here because your question leads to profits to help the economy from Bitcoin investment results.
Well, basically the purpose of using bitcoin is to increase the finances that we have, so it's obvious that it will increase the economy that we have. In fact, some people have become rich people or a businessman by utilizing Bitcoin. so far, I still use Bitcoin because it really affects my economy and finances. I think a lot of people feel the same way I do here.

The effect really is on the chain, meaning if you earn more money, you spend more on something that those businesses that got your money will process, and they will pay tax, which improves the economy of the country and generates more income. I think the topic is really broad and general; it has indeed helped the economy, but mostly we focused more on ourselves, like it did really help us a lot because we have a side hustle and extra income, and you are right, others build businesses because of the profit of their investing in bitcoin.
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June 21, 2023, 10:18:41 AM
 #213


Basically the purpose of investing is to improve economic conditions for the better, including in a country. Bitcoin also provides opportunities for anyone who wants to get involved, but what we need to know and always remember is that investing in bitcoin is not a shortcut to getting rich in an instant. There is a process that needs to be gone through and risks that need to be understood.

Totally agree with you that investment is done to improve your financial condition and Bitcoin investment is the best platform to improve your financial condition. Well, there are many other crypto currencies in the market, but Bitcoin is the only crypto currency that is considered the safest to invest in.

Investing in Bitcoin is not a short-term investment, it is a long-term investment. Investing in Bitcoin can be one of the best and most profitable investments in a bear market. It is very important to know that the timing of your entry is correct, because entering at the wrong time can also expose you to losses.an entry into Bitcoin at the present time can be a very good entry, because the bull season has not started yet and the halving time is approaching.
Stating Bitcoin as the safest crypto harbor is a claim that needs a thorough check. Sure, Bitcoin wears the crown, but labeling it 'safe' might distort reality. Crypto land is a crazy playground. Bitcoin has soared high but also tumbled low. Portraying it as an all-weather shelter carries risks. Let's not forget, timing isn't the whole story. Laws, tech updates, and market players significantly sway Bitcoin's worth.

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June 23, 2023, 06:01:43 AM
 #214


Stating Bitcoin as the safest crypto harbor is a claim that needs a thorough check. Sure, Bitcoin wears the crown, but labeling it 'safe' might distort reality. Crypto land is a crazy playground. Bitcoin has soared high but also tumbled low. Portraying it as an all-weather shelter carries risks. Let's not forget, timing isn't the whole story. Laws, tech updates, and market players significantly sway Bitcoin's worth.

My point was that there are many altcoins in the crypto currency market, but among all the altcoins Bitcoin is considered the most secure, and this is also true. Big companies of the world, big capitalists, exchanges and some countries have also invested in Bitcoin. Such a large amount of capital invested in Bitcoin means that people have the highest level of trust in Bitcoin.

Bitcoin has continued to fluctuate ever since  Bitcoin has been in the market, it is because of this volatility that we earn profits. Yes those who enter at the right time earn profits and those who enter at the wrong time often lose. No one can have a perfect entry, the market may fall more than we expect. We have to go with the market trend.

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June 23, 2023, 02:26:03 PM
 #215

Bitcoin has been a topic of debate when it comes to its impact on the economy. Some argue that it has the potential to revolutionize the financial system, while others believe it is a speculative asset with no real value. Bitcoin can provide benefits to the economy by offering decentralized and secure payment system that is not subject to government control or manipulation. This can provide greater financial freedom and privacy for individuals and businesses. Bitcoin's volatility and lack of regulation can also pose risks to the economy. Its value can fluctuate rapidly, which can lead to financial instability and market manipulation. It's anonymity can make it an attractive tool for illegal activities such as money laundering and terrorism financing.

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June 24, 2023, 05:43:21 PM
 #216

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?
People that are losing in Bitcoin are those that do not know what they are doing mostly when greed is involved. We can make money as a Bitcoin investors or traders if we are patient enough to learn and hold when price is down and has not gotten to the level that we expect to sell. Wisdom is applicable when we are in the market that is why it is important for us to scrutinize the market well before making any decisions. We can decide to sell now and in the next minute the price of the coin we sold shoot to the moon without our awareness.

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June 24, 2023, 05:55:52 PM
 #217

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 general, many who are financially assisted indirectly also help their families when investing in bitcoin, although personally I have not benefited from bitcoin because I am new to and learning about bitcoin. But the friends in my circle that I met, many of them were successful after getting to know bitcoin, especially knowing this forum. That's why I motivated them to be in this forum.

What is certain is that everyone who invests must experience losses and profits. However, wise people always learn from mistakes which result in why losses can occur so that in the future this kind of thing does not happen again, at least minimizes losses.

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June 24, 2023, 06:21:46 PM
 #218

Of course, Bitcoin help my financial although still not be with financial freedom, I have been online working more than six years and Bitcoin is my earning income every day although some time should holding after purchasing and price drop. Generally, many people their financial is better after investing with bitcoin but don't blame has many people loss their money after investing in bitcoin and with wrong method. Loss and profit in bitcoin like night and day can not be separated, during Bitcoin still exist and profitable I don't have ideas leaving bitcoin for investing.

Left target with reach financial freedom by investing in bitcoin and my hope before halving time in 2024 all my assets growing up from Bitcoin until altcoin.

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June 24, 2023, 07:11:13 PM
 #219

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?
It must be admitted that Bitcoin has become one of the assets that has attracted attention in the last decade and Bitcoin has characteristics that are attractive to many investors today. So it's no wonder that many are helped economically because they know bitcoin and of course improve family finances.

Examples of moments During the pandemic two years ago, many sectors of the economy were affected and many people also experienced financial difficulties. So some people view Bitcoin as an investment vehicle to gain passive profits because of its high volatility. When the global economy is unstable, some investors see Bitcoin as an alternative asset that can be used to make a profit. Of course, I am one of those who took advantage of this during the pandemic to keep my family's finances stable. In the end, I want to say that Bitcoin really helps my economy.

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June 25, 2023, 03:17:41 AM
 #220

Yeah, of course, bitcoin and cryptocurrencies have affected me and my family members quite a bit. Especially in this inflationary economic time when having a lot of jobs is limited, it is not easy to still earn a monthly profit to help the family. The amount of money earned from daily work is not enough to cover the family's living expenses. Therefore, I am very grateful that it has contributed to the source of income (accounting for more than 70%) and contributed to maintaining happiness in today's time.

If there are more funds of course, more often/familiar people say use "Cold Money" if you want to enter the market..Yes. Crypto space provides additional income, for individuals, or those who already have a family, of course, but terms and conditions apply. If it is misplaced and bought at random, for example micin coins whose origins are unknown and go along with it, instead of making a profit, you will lose. This will be an additional problem, the first intention is to help our economy, but the opposite.

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June 25, 2023, 12:58:10 PM
 #221

Until now my country has not legalized bitcoin and cryptocurrencies, so there are no official reports whether bitcoin helps the economy in my country or not, and I think the bitcoin community continues to increase so I think the presence of bitcoin can make many people get jobs such as mining, trading and so on.
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June 25, 2023, 02:10:51 PM
 #222

Yes, bitcoin is huge and highly advantage towards store of value and a way of payment system that will change the future of finance. We are not yet well adopted of bitcoin in our country but we are slowly embracing the future of it like using the lightning network in some sort of payment system method that any foreigner or local can buy or exchange services using bitcoin as payment. That would be a dream that our whole country will surely embracing bitcoin!

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June 25, 2023, 02:32:13 PM
 #223

That's how it is, everything we earn in Bitcoin helps us as well as the economy of course. When we exchange Bitcoin for real money and buy household necessities, pay bills and much more.

Through taxes we help the economy and through our Bitcoin earnings we help our family. This is where we can notice that the use of Bitcoin gives us a lot of value.

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June 25, 2023, 02:53:01 PM
 #224

That's how it is, everything we earn in Bitcoin helps us as well as the economy of course. When we exchange Bitcoin for real money and buy household necessities, pay bills and much more.

Through taxes we help the economy and through our Bitcoin earnings we help our family. This is where we can notice that the use of Bitcoin gives us a lot of value.
Everyone certainly has their own opinion about Bitcoin but in general I think we don't need to doubt it anymore that it helps a lot of things, especially from an economic point of view,
many people are helped because of Bitcoin and of course it's really amazing,
most importantly we need to be grateful and keep working hard.



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June 25, 2023, 09:52:01 PM
 #225

That's how it is, everything we earn in Bitcoin helps us as well as the economy of course. When we exchange Bitcoin for real money and buy household necessities, pay bills and much more.

Through taxes we help the economy and through our Bitcoin earnings we help our family. This is where we can notice that the use of Bitcoin gives us a lot of value.
Everyone certainly has their own opinion about Bitcoin but in general I think we don't need to doubt it anymore that it helps a lot of things, especially from an economic point of view,
many people are helped because of Bitcoin and of course it's really amazing,
most importantly we need to be grateful and keep working hard.

You are right there, even though it brings us different things, we are better off because of the positive effects it has on us. Because of this, we will be able to expand its scope and the number of people who will enjoy using it will increase.

So no matter what happens, I will continue to enjoy it and I will work even harder because I know that one day it will raise my standard of living by using it properly.

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June 25, 2023, 10:45:52 PM
 #226

That's how it is, everything we earn in Bitcoin helps us as well as the economy of course. When we exchange Bitcoin for real money and buy household necessities, pay bills and much more.
It is undeniable what you say because Bitcoin which can be cashed into any fiat currency has become one of the assets that can help many people who have it and those who believe in it for a long time. And if you want to share the things that you feel and experience through Bitcoin to the people closest to you in life, of course they will also like Bitcoin and the effect will also be quite good because Bitcoin will get new users over time.

Quote
Through taxes we help the economy and through our Bitcoin earnings we help our family. This is where we can notice that the use of Bitcoin gives us a lot of value.
Not only has a lot of value, but it can also overcome many problems that are often faced by some of its users in life. Because problems always arise when someone has no money, but someone can handle it well if he has Bitcoins that he can sell for money and get the problem solved. That is the effect of assistance that can be created through Bitcoin for its users so far besides being able to provide benefits to many users.

Everyone certainly has their own opinion about Bitcoin but in general I think we don't need to doubt it anymore that it helps a lot of things, especially from an economic point of view,
many people are helped because of Bitcoin and of course it's really amazing,
most importantly we need to be grateful and keep working hard.
Apart from always having to be grateful, every Bitcoin user must also be grateful to Bitcoin because they have been helped when they have known Bitcoin all this time, because maybe they would never get more help in any form if they did not know Bitcoin. The economic aspect is an aspect that must always be considered because problems often arise for everyone when their economic conditions get worse in life. So this is a very important thing for everyone.
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June 25, 2023, 11:25:33 PM
 #227

Personal economy and financial capabilities, yes it does. Bitcoin’s tailored to help people that way after all. But if you’re looking at bitcoin as some sort of “economic savior” that will just one day swoop in and solve all economic struggles a country’s struggling with then I have bad news for you. Look at El Salvador, one of the countries out there who wholeheartedly accepted bitcoin and even used it in exchange for their national currency, they’re still struggling wconomically even though bitcoin’s already a part of their economic equation, why is that a thing?

Ecojomic struggles could only be avoided by solving the issues that cause them in the first place. If you look for alternatives you’re basically just admitting to neglect.
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June 26, 2023, 05:54:53 AM
 #228

Not directly, I mean I don't just buy Bitcoin and then sell it for multiple value. But I am benefiting from the crypto industry that is initiated by Bitcoin, I am working as a freelance graphic designer and most of my client now come from crypto Industry. And I think today millions of people is working in crypto industry, and if not because of Bitcoin this industry might not even exist.

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June 28, 2023, 05:39:12 AM
 #229

In fact, many people are helped by technological advances in which there are bitcoins, because those who work in the crypto and related fields have clearly provided many new jobs that were previously unthinkable. Apart from doing crypto trading, there are other jobs that continue to grow with more and more people using crypto to be able to produce. I myself am helped by the development of the crypto industry, although not in full, other than if I really want to invest or trade, which I haven't done yet. on a full scale due to limited funds.

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June 28, 2023, 07:19:24 AM
 #230

Of course, Bitcoin help my financial although still not be with financial freedom, I have been online working more than six years and Bitcoin is my earning income every day although some time should holding after purchasing and price drop. Generally, many people their financial is better after investing with bitcoin but don't blame has many people loss their money after investing in bitcoin and with wrong method. Loss and profit in bitcoin like night and day can not be separated, during Bitcoin still exist and profitable I don't have ideas leaving bitcoin for investing.

Left target with reach financial freedom by investing in bitcoin and my hope before halving time in 2024 all my assets growing up from Bitcoin until altcoin.
Well profits and losses are normal things we encounter in bitcoin trading. But in bitcoin investing, as long as we hold on tight and only sell when the target is reached, we can avoid losses. And I am also the same as you who have felt helped after getting to know bitcoin. Especially in terms of long term investment. I even came to understand more about the importance of freedom in holding assets, namely in a decentralized system, after getting to know bitcoin. before I could only keep my money in the bank. but now I have a lot of options and actually saving in bitcoin can also avoid inflation.
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June 28, 2023, 07:33:10 AM
 #231

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?


Sa ilang taon ko na dito sa crypto industry, madami na akong nakitang mga crypto na nakapagbigay ng magandang dulot sa ekonomiya ng mga bansa na tumaggap sa cryptocurrency o Bitcoin. Kaya dumami yung mga merchant na nagsilabasan sa iba't ibang bansa dahil nakitaan ito ng gobyerno na pwede na makatulong sa ating ekonomiya.

Siyempre, the more na madaming merhants ay madami ding tax na sisingilin ang gobyerno sa mga merchants na ito dahil rehistrado ang mga ito ng SEC kaya nakakapag-operate sila ng legally sa bansa din.



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June 28, 2023, 07:39:24 AM
 #232

Bitcoin mainly helps me maintain my wealth. It helps to run away from inflation of fiat money. Its much better version in gold. Otherwise I tend to buy Bitcoin in low amounts everytime its price relatively goes down. I am making good amount of money through this way as additional income. I feel bad selling Bitcoin in general honestly. But Bitcoin is very positively affecting my life - I can assure you. Bitcoin created whole new route so we can profit through.
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June 29, 2023, 04:12:02 AM
 #233

That's how it is, everything we earn in Bitcoin helps us as well as the economy of course. When we exchange Bitcoin for real money and buy household necessities, pay bills and much more.
It is undeniable what you say because Bitcoin which can be cashed into any fiat currency has become one of the assets that can help many people who have it and those who believe in it for a long time. And if you want to share the things that you feel and experience through Bitcoin to the people closest to you in life, of course they will also like Bitcoin and the effect will also be quite good because Bitcoin will get new users over time.

But there are still people who don't believe even though they already know that there are benefits received from enjoying it. Almost most of those who want to learn it are those who have a positive view about technologies because they can more easily apply them in their daily work. But for natural people like me, the knowledge was small before but now it has expanded because of the effort to learn the world of cryptocurrencies. Maybe many more decades will pass before they enter such a system but for now we just keep sharing the good things about cryptocurrencies.


Through taxes we help the economy and through our Bitcoin earnings we help our family. This is where we can notice that the use of Bitcoin gives us a lot of value.
Not only has a lot of value, but it can also overcome many problems that are often faced by some of its users in life. Because problems always arise when someone has no money, but someone can handle it well if he has Bitcoins that he can sell for money and get the problem solved. That is the effect of assistance that can be created through Bitcoin for its users so far besides being able to provide benefits to many users.
That's true, as long as you are smart and strategic in handling bitcoin, there is sure to be good income or money that can be used when needed. It's really good to study slowly so as not to fall into losses, especially if investing. So while it's still early and the body is still able to save, just save, because the day will come when this bitcoin will rise again.

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July 05, 2023, 11:25:14 AM
 #234

Of course, Bitcoin has helped me and my family financially. My family and I have benefited greatly from Bitcoin. Every investment has profit or loss. Yet every time I have invested in Bitcoin, most of the time I have been able to make profit. With the money earned from Bitcoin, I have been able to influence my family to some extent, economically. And with some money created employment for others which will help me and my family more financially.

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July 05, 2023, 09:07:41 PM
 #235

Of course, Bitcoin has helped me and my family financially. My family and I have benefited greatly from Bitcoin. Every investment has profit or loss. Yet every time I have invested in Bitcoin, most of the time I have been able to make profit. With the money earned from Bitcoin, I have been able to influence my family to some extent, economically. And with some money created employment for others which will help me and my family more financially.
Not everyone who invests in bitcoin makes a profit but like you, bitcoin has really helped me a lot economically. Honestly, I don't know if it's possible to survive the covid pandemic without bitcoin. It can be said that bitcoin has brought many benefits to those who know how to seize the opportunity and invest in it strategically. But many people are exaggerating it when they think it can help a country's economy better. It is just a highly volatile investment, so it is suitable for individual and institutional levels, it cannot help a country's economy go up.

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July 06, 2023, 01:05:01 PM
 #236

Bitcoin has helped a lot, of people, stay at the convenience of their homes to perform numerous transactions, without knowing their identity, the decentralization of Bitcoin has made it impossible for an entity to control the system, and this has helped in curtailing enormous fees and taxes.
Individuals are happy because they can hold their Bitcoin, and access it whenever they want and where ever they go, the knowledge I got from Bitcoin is so much.

The technology Bitcoin came with has helped people get more knowledge not only in Bitcoin but in other things. This currency has many benefits attached to it, some people may not like it but I must be sincere bitcoin has a lot to offer time will determine. Bitcoin has helped many families today in the aspect of putting food on their tables, the first million made by some people in real life was from Bitcoin, I might not remember all but the benefit of Bitcoin is much.


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July 06, 2023, 02:15:25 PM
 #237

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?


Sa ilang taon ko na dito sa crypto industry, madami na akong nakitang mga crypto na nakapagbigay ng magandang dulot sa ekonomiya ng mga bansa na tumaggap sa cryptocurrency o Bitcoin. Kaya dumami yung mga merchant na nagsilabasan sa iba't ibang bansa dahil nakitaan ito ng gobyerno na pwede na makatulong sa ating ekonomiya.

Siyempre, the more na madaming merhants ay madami ding tax na sisingilin ang gobyerno sa mga merchants na ito dahil rehistrado ang mga ito ng SEC kaya nakakapag-operate sila ng legally sa bansa din.


Are you sure what you are saying? Which cryptocurrencies have been bringing good results to the economies of countries, and which countries are those? I have also been involved in the market for a long time and regularly follow the news, but I have not heard any information like you mentioned.

The crypto industry is just a financial market and so volatile, I don't think it will have an impact or can help a country's economy. It is just a speculative market and has not brought any real benefits yet. If you are referring to individuals, then I will totally agree with you because early bitcoin investors changed their lives.

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July 06, 2023, 02:15:36 PM
 #238

But there are still people who don't believe even though they already know that there are benefits received from enjoying it. Almost most of those who want to learn it are those who have a positive view about technologies because they can more easily apply them in their daily work. But for natural people like me, the knowledge was small before but now it has expanded because of the effort to learn the world of cryptocurrencies. Maybe many more decades will pass before they enter such a system but for now we just keep sharing the good things about cryptocurrencies.
There is no need to care about other people who don't believe in the benefits of cryptocurrency, because basically they also have their own reasons not to believe in something even though it has been proven good and useful for many people. It's better to just focus on your own goals and continue to increase your knowledge in everything that you need at the moment regardless of what other people are thinking about cryptocurrencies.

That's true, as long as you are smart and strategic in handling bitcoin, there is sure to be good income or money that can be used when needed. It's really good to study slowly so as not to fall into losses, especially if investing. So while it's still early and the body is still able to save, just save, because the day will come when this bitcoin will rise again.
Never doubt about an increase in the price of Bitcoin because it will always be possible to happen as long as there are lots of people who want to buy Bitcoin at any time. Everyone only needs to try to learn and invest according to their current abilities without having to sacrifice existing assets except for only using time for these things, even though time is also a very valuable capital in life.
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July 06, 2023, 02:37:48 PM
 #239

Bitcoin has helped a lot, of people, stay at the convenience of their homes to perform numerous transactions, without knowing their identity, the decentralization of Bitcoin has made it impossible for an entity to control the system, and this has helped in curtailing enormous fees and taxes.
Individuals are happy because they can hold their Bitcoin, and access it whenever they want and where ever they go, the knowledge I got from Bitcoin is so much.

The technology Bitcoin came with has helped people get more knowledge not only in Bitcoin but in other things. This currency has many benefits attached to it, some people may not like it but I must be sincere bitcoin has a lot to offer time will determine. Bitcoin has helped many families today in the aspect of putting food on their tables, the first million made by some people in real life was from Bitcoin, I might not remember all but the benefit of Bitcoin is much.
Very many people are helped even economically by trading or investing in Bitcoin, I have seen people who only get income from trading Bitcoin but they can live luxuriously but what must be realized is that all of this does not happen by itself but must go through a lesson. long-term process to be able to produce or help improve the economy.

Regardless of technology, but now we talk about Bitcin's influence on our economy, I think it helps a lot of people, including myself, who receive many benefits and can stabilize my finances.

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July 06, 2023, 03:39:48 PM
 #240

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?
To improve our economy it is key to first improve our culture and ecosystem. This improvement can only occur when prosperity is linked to happiness and well-being. Also if we integrate Education on trading and investment into our school systems we can Potentially boost our economy in the future.
It is important to apply technical analysis to mitigate losses in Bitcoin. It has been observed that investing in Bitcoin can result in losses but by utilizing Technical Analysis, you can minimize the risks. Furthermore it is advisable  engage in longterm investments rather than short term investments and trading in Bitcoin as the chances of losing money are higher in the latter. So  it is recommended to pursue long-term investmant strategies in Bitcoin.

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July 06, 2023, 04:34:21 PM
 #241

Are you sure what you are saying? Which cryptocurrencies have been bringing good results to the economies of countries, and which countries are those? I have also been involved in the market for a long time and regularly follow the news, but I have not heard any information like you mentioned.

The crypto industry is just a financial market and so volatile, I don't think it will have an impact or can help a country's economy. It is just a speculative market and has not brought any real benefits yet. If you are referring to individuals, then I will totally agree with you because early bitcoin investors changed their lives.

We need to be rationale in analysing the role of crypto in global as well as in regional economic affairs. There is no doubt that Bitcoin along with many other alts has helped people in getting good ROI but it would be too early to say whether there is any impact of bitcoin in improving economic state of country. Its primarily because governments all over the world are showing strong resistance towards crypto and there is very little hope that governments may embrace crypto revolution anywhere in near future.
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July 06, 2023, 06:16:42 PM
 #242

Those individuals who are holders of bitcoin gets a way of earning during harsh condition of pandemic and today as there is limited jobs so everyone wants to be a part of bitcoin investment. Bitcoin not only make your financial status better but it also proves that all there is no limitation of ages as well as genders and all will get equal opportunities but the outcomes of this investment will depends totally on the patience of a person and invested amount.

One will support his family if he succeed in bitcoin investment because at start there will be hurdles and achievement is when one learn from his mistakes instead of leaving. Some people out their savings in bitcoin and if they successfully manage their investment then surely they will be rewarded with passive income and will get the desired result.



 

 

 

 

 

 


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July 06, 2023, 06:35:59 PM
 #243

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?
There are two ways to answer this question. First investing in bitcoin hasn't helped my country's economy. People are aware about bitcoin, they are slowly and cautiously adopting it. The adoption is just to hold and nothing more. In the economy since the government hasn't sanctioned it, people hold it for personal reasons.

Has bitcoin helped my family? Not yet or not as I would want it to. Honestly, I convert some bitcoin received from my signature campaign earnings to cash and fix one or two family needs. It is like a supplementary income to that I receive from the government of my country as a public servant.

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TribalBob
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July 07, 2023, 12:57:52 AM
 #244

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?

of course, from the profit of bitcoin I can buy what I want, and from the profit of owning bitcoin I can invest a lot of crypto. with the same goal when the bullrun arrives hoping to provide other benefits besides bitcoin

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July 07, 2023, 05:54:35 AM
 #245

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.

I agree that bitcoin benefits our economy as a whole, as many investors today who had nothing before discovered bitcoin were able to build their families and receive financial support, despite the fact that many people lose money when investing in bitcoin. However, in my opinion, it is very rare to witness an investor lose their bitcoin unless they didn't sell it in order to make a profit.
Bitcoin has a negative effect when the price is low, and when the price is low, we all know that it implies that we will wait for the price to increase so that we can sell to make a profit. I'm not trying to imply that there is no risk associated with bitcoin; rather, what I'm trying to say is that there is a downside to bitcoin when the price is low.

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Razmirraz
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July 07, 2023, 08:49:19 AM
 #246

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, the benefits of investing in Bitcoin really help my economy and my family. I do Bitcoin Investments as another way of saving money,
After the necessities of life are met from the salary I get from a real job, I save the rest in Bitcoin. Long term strategy is of course the best choice for me, so far I always do CDA to increase the amount of Bitcoin I have.
The $65 I got from the signature campaign really helped increase my Bitcoin amount every week. To make a mountain, need to save little by little, when the price has gone up, that's when I will make a big profit which makes my economy better.

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Smack That Ace
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July 07, 2023, 09:31:30 AM
 #247

Are you sure what you are saying? Which cryptocurrencies have been bringing good results to the economies of countries, and which countries are those? I have also been involved in the market for a long time and regularly follow the news, but I have not heard any information like you mentioned.

The crypto industry is just a financial market and so volatile, I don't think it will have an impact or can help a country's economy. It is just a speculative market and has not brought any real benefits yet. If you are referring to individuals, then I will totally agree with you because early bitcoin investors changed their lives.

We need to be rationale in analysing the role of crypto in global as well as in regional economic affairs. There is no doubt that Bitcoin along with many other alts has helped people in getting good ROI but it would be too early to say whether there is any impact of bitcoin in improving economic state of country. Its primarily because governments all over the world are showing strong resistance towards crypto and there is very little hope that governments may embrace crypto revolution anywhere in near future.
Government against cryptocurrency is just a barrier to its development, and even if the government supports it, I don't think it will benefit that country's economy. I mean, if it can really bring intrinsic value like creating jobs that help reduce unemployment or put into practice to support other industries...At that time, cryptocurrency will benefit the national economy, but if it continues to evolve towards being just a financial market for speculation, it is hard to think that it will help the national economy.

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July 07, 2023, 09:36:12 AM
 #248

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?
Always helping my family since I started getting into Bitcoin years ago and made some money through Airdrops and I was able to safe a life too in the family using crypto money, since then I believe that I have found a new financial home, somewhere I was supposed to be all along.

My parents had issues with my then, thinking I was doing some illegal things to get money at my age when I am not working until I saved my brother's life using the money I made through Crypto, till date, everything about my life is crypto and Bitcoin, I've just get better at trading, something I used to run away from because of fear of losing money.

In my life, and that of my family, Bitcoin have helped more than anything or anybody in our lives apart from the Creator who keep us alive and well, Bitcoin and crypto is a life saver.

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lunnatic
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July 07, 2023, 10:24:29 AM
 #249

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?

of course, from the profit of bitcoin I can buy what I want, and from the profit of owning bitcoin I can invest a lot of crypto. with the same goal when the bullrun arrives hoping to provide other benefits besides bitcoin
Many people since getting to know crypto have really helped them economically,
many people have benefited from Bitcoin,
getting these profits is certainly not easy because either investing or trading in crypto is so risky that you need to have knowledge.



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July 07, 2023, 11:15:42 AM
 #250

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?

of course, from the profit of bitcoin I can buy what I want, and from the profit of owning bitcoin I can invest a lot of crypto. with the same goal when the bullrun arrives hoping to provide other benefits besides bitcoin
Many people since getting to know crypto have really helped them economically,
many people have benefited from Bitcoin,
getting these profits is certainly not easy because either investing or trading in crypto is so risky that you need to have knowledge.
I understand some of the complexities and volatility that arose in the cryptocurrency market, but I must admit that compared to other investment markets crypto or bitcoin offer far better returns, and sometimes What we talk about a lot about the complexities of investing is not entirely true. But the journey that I came to know about bitcoin, witnessed many people also invest and make mistakes that I found most people do not really understand about investment and like to take risks in ignorance only until they lose. Just discovered the mistake and learned the lesson, if most of us entering the investment markets had a capital management mindset from the beginning, I believe the losses would be less, however that will hardly happen because this investment environment a lot of different problems appear and exist. The fact that bitcoin offers new investment opportunities has really been seen so far, and their potential in the future we can all speculate on the development and widespread adoption of this market.

SUGAR
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July 07, 2023, 11:36:47 AM
Merited by fillippone (1)
 #251

A few days ago or a few weeks ago. I had time to feel the benefits of the profits I get from selling bitcoin. And that may not be a huge advantage. but i enjoyed it. At this time I became more excited to learn more about cryptocurrencies especially Bitcoin. And will restart my investment in bitcoin. And I hope to have more profits when Bitcoin reaches its ATH again one day.

But I should probably avoid trading short term. because I don't know enough about it. and I will learn more before deciding to start trading again.

because some time ago I experienced a loss from my short-term trading trials. and I became aware of how important it is to have insight and experience.

R


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July 07, 2023, 01:22:05 PM
 #252

Those individuals who are holders of bitcoin gets a way of earning during harsh condition of pandemic and today as there is limited jobs so everyone wants to be a part of bitcoin investment. Bitcoin not only make your financial status better but it also proves that all there is no limitation of ages as well as genders and all will get equal opportunities but the outcomes of this investment will depends totally on the patience of a person and invested amount.

One will support his family if he succeed in bitcoin investment because at start there will be hurdles and achievement is when one learn from his mistakes instead of leaving. Some people out their savings in bitcoin and if they successfully manage their investment then surely they will be rewarded with passive income and will get the desired result.

Bitcoin offers us many opportunities. One of these opportunities is equality. If you make a good investment, the return will definitely be good. People invested in bitcoin because of their belief in bitcoin and to overcome the difficult processes in the world. Thanks to these investments, many people have earned income and benefited both their families and themselves.

What is important here is to manage our investments well. First we must have knowledge and must learn the mechanics of the market well. When we do these things right, bitcoin adds a lot of positive things to our economy.

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July 07, 2023, 02:02:53 PM
 #253

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?

of course, from the profit of bitcoin I can buy what I want, and from the profit of owning bitcoin I can invest a lot of crypto. with the same goal when the bullrun arrives hoping to provide other benefits besides bitcoin

I think it's normal, everyone will always try to increase asset ownership and other diversification. If I. Hodl first and when it's time to sell and get some profit I will buy land and shops and invest in buying and selling basic necessities. if all is collected I will re-invest the profits into BTC again.

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July 07, 2023, 08:00:34 PM
 #254

of course, from the profit of bitcoin I can buy what I want, and from the profit of owning bitcoin I can invest a lot of crypto. with the same goal when the bullrun arrives hoping to provide other benefits besides bitcoin

I think it's normal, everyone will always try to increase asset ownership and other diversification. If I. Hodl first and when it's time to sell and get some profit I will buy land and shops and invest in buying and selling basic necessities. if all is collected I will re-invest the profits into BTC again.[/quote]

Before investing in Bitcoin or other investments, most people really have a target of what they want to achieve with their investment when it's due. Your approach is not a bad one, though, and even if you must sell your Bitcoin, you can still hold some so that when the price keeps trending high, you can still have some to sell. Although some people just want to invest, and after they have seen some profit, they will just sell and run off, bitcoin investment has two seasons, which are the bear and bull markets. It's also good if one sell during the bull market and hold the fund in fiat until the bear market, so they can reinvest.

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July 07, 2023, 08:23:47 PM
 #255

Bitcoin helps me to earn income at a time when there are no job vacancies for rural people like me, even though I earn more not from bitcoin directly, but what I do today if pulled straight is due to the presence of bitcoin, if there is no bitcoin maybe I will not be in a good situation as it is now, it can develop with several altcoin projects that have collaborated on investments as well as airdrops.
That is none other than the blessing of bitcoin, if there was no bitcoin maybe I would not know that and I don't know what work I do today.

Like things in this forum I get additional work through signature champaign, even though it's not much but it's enough to increase my income as a side job, bitcoin really helps me to live a better life. Cheesy

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July 07, 2023, 08:55:20 PM
 #256

I can't tell how crypto has improved my country's economy if it has at all, but I can confidently say that crypto has improved a lot of lives in my country. Without crypto, a lot of people won't be where they are today. I am one of such people.

I have friends that were involved in crypto long before me, even though they've had a couple of rough patches in their journey, their lives are way better compared to when they were not involved in crypto.
Young people like me can have so many assets in their portfolio, something that was very rare before Bitcoin.
Bitcoin broke the cycle of working hard for years before you can be able to have a solid investment.
Many people, including myself, are financially independent today, thanks to Bitcoin.

People can argue that if Bitcoin improves the financial lives of individuals, then it affects the economy, and I think I agree with this. Individuals also make up the economy and if their income increases, it affects the economy because they will spend more, and that money is spent in the economy. As high as the unemployment rate is in my country, I believe it would have been at least 0.1% higher if the crypto industry didn't exist.

R


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July 07, 2023, 09:14:55 PM
 #257

I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?
Of course, every time I got benefits from my Bitcoin investment or trading, it really helps our economy and our family. Some of the benefits/profits, I share with my wife. Sometimes she uses the money for our daily needs, or she will divide it for savings. It improves our financial strength, the profits can bring good impacts on the financial stability. However, I don't only get the profits from Bitcoin, there are profits got from some altcoins. Mostly, the profits on trading are from altcoins, I rarely trade Bitcoin. I prefer to use Bitcoin for a long term investment because the profits will be quite significant. Trading Bitcoin isn't a bad idea, but I think the profits aren't quite impressive.

getting these profits is certainly not easy because either investing or trading in crypto is so risky that you need to have knowledge.
Yes. It is not easy to earn profits, trading sometimes can be complicated because of the market situation or issues/news spreading currently. The price trend can change significantly in a short time because of an issue/news. I often experienced that the price change isn't as expected because we have bad news, so the price dropped severely for a few days. In this situation, instead of earning profits, we even got losses. Knowledge won't take a very crucial role, our mentality will be tested so much. So, not only knowledge is needed, good mentality is also crucial to have.


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July 07, 2023, 10:05:39 PM
 #258

We need to be rational in analyzing the role of crypto in global as well as regional economic affairs. There is no doubt that Bitcoin along with many other assets has helped people in getting good ROI but it would be too early to say whether there is any impact of Bitcoin in improving the economic state of the country. It's primarily because governments all over the world are showing strong resistance towards crypto and there is very little hope that governments may embrace the crypto revolution anywhere shortly.
If you said so, This is about 14 years of Bitcoin in existence and you are talking about being too early to analyze or say the economic impact of Bitcoin on countries' economies. let me ask if there is no impact on the economy, Why do you think, or why would countries like El Salvador adopt Bitcoin? Institutions, Big Banks, and Blackrock all are very interested in owing some portion of Bitcoin, meaning they felt the impact before.
the profit that investors made from their investment where do you think they take it to, investing in other businesses in their locality and using it to help their family & friends too.

R


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July 10, 2023, 07:38:50 AM
 #259

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 definitely has huge advantages for people to become independent of fiat money and for companies to deal easier in international trade and payments. It also helped many people that invested early on into it to become rich. Unfortunately, I wasn't one of the early adopters of Bitcoin and only started out to really save in Bitcoin when the price was already above 10,000 USD. That is why I can’t help my economy or family. In case I would make a lot of money with crypto currencies then I would definitely give money to my family and help them, but right now I am still struggling myself. As for the economy, I am also not really helping that much because I only holding most of my coins and not using it for consumption or trading. When you spend your coins you generate sale taxes for the government, when you trade your coins you make profits and have to pay taxes on your profits. But when you leave your coins in your wallet without touching them, then there is no real benefit for the government. It's the same like having your savings at home in a vault, the money is not being used and doesn't give any return for the government.
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