The role of Bitcoin in eliminating unemployment in our country

[JayTrain]

Depending on which side to look at, because people are different, for example, when I found out about bitcoin, at first my attitude was skeptical, probably because of my ignorance, but over time I learned to make transactions, create a wallet and I like it, because  for me it is a hobby and additional income in my spare time.

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[imamusma]

Bitcoin has a role to reduce the impact of unemployment instead of reducing unemployment. My point is, when someone unemployed has good skills in trading and a good idea about business then they can use bitcoin to make a profit. Unemployment will still exist, but the impact of unemployment will probably be mitigated when they get involved in the crypto space whether trading or investing or mining.

[jrrsparkles]

Bitcoin will not eliminate the unemployment or poverty around the world however it may be able to reduce the financial inequality from the current level to better. Bitcoin is money sonwe need work to earn that money but since it's internet era it gave opportunity for everyone to make money online if they have skills like through social media, trading of assets, giving services and opinions,etc.

[Ndabagi01]

I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin.

The primary goal of bitcoin creation is to serve as an alternative to existing fiat money, not as a method of employment to free people from financial constraints. The secondary goal of it is to be utilized as a means of employment, and it has helped to solve the dearth of employment in some nations where youths have taken advantage of it through investment, serving as aides for p2p transactions, and so on.

I think the government of our country should support Bitcoin. What is your opinion on this?

Governments that have embraced bitcoin have had no negative consequences from letting it in the country. They've been able to see the benefits that come with it and have taken advantage of it by legalizing it, as well as generating revenue for the country by taxing those who use it for transactions.

[bittraffic]

Bitcoin will not eliminate the unemployment or poverty around the world however it may be able to reduce the financial inequality from the current level to better. Bitcoin is money sonwe need work to earn that money but since it's internet era it gave opportunity for everyone to make money online if they have skills like through social media, trading of assets, giving services and opinions,etc.

Its not just Bitcoin but blockchain technology can be use to raise standard of living. The growing number of youth that benefits in crypto are the ones in the Play to Earn games. Not neccesarily in Bitcoin though, majority of these play to earn games are on ETH.

This could be the greatest help to take advantage of by the crypto users which is to make money out of those games they play.

[Pandu Geddon]

There are many people who are working on Bitcoin besides studying.

how do people make Bitcoin a profession? I still don't really understand the concept you explained.
do you invest or trade Bitcoin? it requires capital, not an unemployed person. even for a student, it takes capital and time until they are really established to do it with the Bitcoin they have.
the younger generation may find it easier to accept and learn about Bitcoin. but how Bitcoin will be used in your country, it depends on the regulations in your country. some of them legalize transactions using Bitcoin. but most others only legalize the ownership of Bitcoin as a tradable investment asset.

[Fullcoinese]

How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?

it is true that Bitcoin can improve our finances but I don't fully understand about your explanation, do they sell services or do business and they are paid with Bitcoin? or they trade and invest in Bitcoin? if they are investing then it might take a long time to get multiple profits.
in my opinion Bitcoin is not a profession, Bitcoin can indeed facilitate our financial transactions and protect us from currency devaluation but cannot simply overcome the problem of unemployment or eliminate it because Bitcoin is not a special program to eliminate unemployment and poverty.
Bitcoin is not an easy thing to get for everyone for free, while we can get it for free it's definitely not much.

apart from that I am also happy to hear that many people have been helped by the presence of Bitcoin in your country.

[jrrsparkles]

Bitcoin will not eliminate the unemployment or poverty around the world however it may be able to reduce the financial inequality from the current level to better. Bitcoin is money sonwe need work to earn that money but since it's internet era it gave opportunity for everyone to make money online if they have skills like through social media, trading of assets, giving services and opinions,etc.

Its not just Bitcoin but blockchain technology can be use to raise standard of living. The growing number of youth that benefits in crypto are the ones in the Play to Earn games. Not neccesarily in Bitcoin though, majority of these play to earn games are on ETH.

This could be the greatest help to take advantage of by the crypto users which is to make money out of those games they play.

Do you think that earning from playing games will be enough to increase the standard of living?

We are not talking about the individuals just the whole so if the supply becomes abundant then there will be no value so these kind of earnings can't change anything but some rewards we can get while playing.

[serjent05]

How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?

People suffering from unemployment do not change even after Bitcoin has been introduced.  The job created by Bitcoin or cryptocurrency start-up does not suffice or create an impact where unemployment is reduced.  Bitcoin is not an all-out fixed for unemployment because it only covers a few areas of specialty and we all know every year there are tons of graduates from different courses that Bitcoin cannot cover.  It can help with employment but is not so huge that it will eliminate unemployment even with the government utilizing its potentials.

To eliminate unemployment, the government must dedicate its resources to creating job opportunities in different sectors.  It is not Bitcoin that can fix this unemployment but the government itself.

[goinmerry]

There is no permanent solution about minimizing unemployment rate. That was already part of the economic ecosystem even for rich countries. If thats the case at those first world countries, just imagine how huge the problem is at those countries on below tiers and third-world.

Although if we looked at the bright side, it's a big help that several crypto-related jobs are being in demand. For example, local crypto exchanges have been increasing its numbers therefore it needs a manpower and these companies are looking for some people to fulfill the available positions. Another example are those crypto-related works as freelance, full time or part time. Here in our local freelance website, I'm seeing lots of available works that is related to crypto.

The conclusion, bitcoin or crypto might not be able to eliminate unemployment but it opens opportunity for some people that were jobless beforeol or having difficulty looking for a stable job.

[Yamifoud]

How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?

Bitcoin gives us an opportunity where to invest our money and earn some but this never means that it saves everyone. What I mean is that Bitcoin investment is another way of earning or growing our money and this serves as an option for everyone and those who have the guts to involve themselves in the crypto space can benefit from this. Well, the question is everyone is able to take this opportunity, well, I guess not. So, this would say that it never eliminates unemployment because many people hate risky investments and much more if you are impatient.

[JoyMarsha]

The unemployment rate of a nation is not reduced by the use of bitcoin; rather, by providing its residents control over their assets, it helps that nation's citizens maintain their financial stability.

Bitcoin has benefited people by giving them access to employment opportunities, which they utilize to support their families and themselves. However, because the crypto market is currently in the red, it would be foolish to completely rely on bitcoin at this point to survive. At this point in the bearish market, a DCA approach should be used.

[romero121]

Bitcoin have got nothing to do with unemployment. Already there is a miscommunication about bitcoin that it is a quick rich scheme. People without proper understanding get into the market and end up losing. Same as that something not related to bitcoin shouldn't be spread around. Through bitcoin it is possible to earn, but the same shouldn't be connected with reduction in unemployment.

Maybe someday people who look for job could land into bitcoin leaving all his professional learning which isn't a good idea. So, when it comes to bitcoin, things need to be analysed well than just making decisions based on the overview.

[Wiwo]

Bitcoin as a technology have offered self sificiacncy to any one who adopts and uses it both as an asset e.g a store of value and also a currency, so if anyone embraces Bitcoin and takes the extra effort to build adequate knowledge on the subject matter, bitcoin can influence their financial decisions and management of the portfolio independently from the government thereby making the. Individuals are financially free.

So Bitcoin plays a great role in the economy and one needs to pay close attention to that so as not to make any mistake of the concept.

[flyingcarpet]

How much role does bitcoin play for the current young generation? I think most of us who are involved with Bitcoin today are the current young generation using Bitcoin. There are many people who are working on Bitcoin besides studying. By doing this, their time is being spent through work and they are also able to earn some money through Bitcoin. By doing this, they are able to support their own expenses and financially support their family. I think when this Bitcoin was not in circulation in my country many people are almost suffering from unemployment problem. The current people who have chosen bitcoin as a profession are not only able to help their families financially but also support our country economically through this young generation bitcoin. I think the government of our country should support Bitcoin. What is your opinion on this?

People around me have been acquainted with bitcoin long ago. That's why bitcoin has now become their main business. They know a lot about Bitcoin and benefit themselves from it. On unemployment, they all have jobs thanks to bitcoin. Bitcoin has a positive effect on unemployment both in the past and now.

[rat03gopoh]

In a more specific definition I can't generalize all crypto activity is "job", even bitcoin can grow in value on its own. Jobs are those in which people must be bound for a certain amount of time to complete official duties, not optional tasks.
A little story a few years ago in my fellow connection, someone left their main job to be unemployed to have more free time to explore crypto opportunities which at that time sounded more promising in terms of income. Maybe this is also happening a lot out there which concludes that crypto has the opportunity to make someone leave the main job.

[bluebit25]

Bitcoin is gradually becoming a popular means of payment and plays an important role in today's business and financial world. Today's younger generation is often seen as the fastest adopters of new technology like Bitcoin and blockchain, so they have more opportunities to tap into Bitcoin's potential and contribute to its adoption as a means of payment more popular. Working with Bitcoin also requires indepth understanding and extensive market research. Choosing Bitcoin as a profession should be carefully considered to ensure that risks are controlled and to avoid unnecessary losses.

Regarding government support for Bitcoin, this requires careful consideration to ensure that this support does not cause a negative impact on the economy and finances of the country. If done properly, backing Bitcoin can help boost competitiveness and put the country's economy on a more advanced trend.

[Stella Mese]

In my area, there are also many people who are economically helped by investing in BTC, but there are also those who lose as a result of investing in BTC, but the ones who lose investing in BTC are mostly beginners who don't know how to buy and sell properly, but as time goes by, now many people who failed freviously investing in btc, and now they get big profits and they learn from their experience when they failed to invest in btc. so in my opinion investing in btc really helps the people's economy but with the condition that you have to know the knowledge first before investing because investing in btc is very risky.

[Yogee]

[....]The current people who have chosen bitcoin as a profession

What do you mean by this? Is it like joining signature campaigns and getting paid in bitcoin? No doubt it is a great help to many but that side job or hustle shouldn't be treated as a real profession. Maybe earning through trading can be considered as one but that's easier said than done. I personally doubt it would curb unemployment when so many are being burned or liquidated in the market.

I think the government of our country should support Bitcoin.

Government support means regulations.
Regulations are often viewed negatively.

[LittleBitFunny]

After all, bitcoin is money, an investment like any other, we use it to make more money with our money. Thereby it can be seen that bitcoin does not create jobs, so it cannot help anyone get out of unemployment, and that is not what bitcoin was created for.
To be more precise, bitcoin is a speculative asset and cryptocurrency is a financial market. Where people will take money from each other, strong, intelligent people will find ways to take money from weak and stupid people. The market is a battlefield, it is incredibly fierce, not as simple as you think, not just holding, and the price will increase, and everyone will win.