does bitcoin help in your economy?

[Blowon]

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.

[naikturun]

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.

[coinerer]

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

[Pejoh Asu]

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.

[GigaBit]

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.

[Rigon]

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.

[usekevin]

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.

[karmamiu]

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.

[loopes]

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.

[Oneandpure]

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.

[lizarder]

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.

[BVeyron]

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...

[Halime Anatolia]

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??

[BRINIRHA]

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.

[DanWalker]

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.

[asyakashi]

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.

[Fakhrulenclix]

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.

[serjent05]

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.

[bluebit25]

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.

[reagansimms]

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.