How Bitcoin Can play its role to overcome the Financial Crises

[MusaMohamed]

In a financial crisis you'll face higher prices (inflation) while your income isn't rising or you get fired (recession) as we've seen over the past year specially in Europe.

Or income can be raised but the rate is not good enough to catch up inflation rate in the nation or local area. I remember months ago, on media there was a hype news that an influencer told that Bitcoin will reach $1M in next 30 or 90 days.

Honestly I felt the world economic must be on the verge of collapse to help Bitcoin rising to $1M within a couple of months from $30,000 like that, it's unrealistic and I don't want to see Bitcoin at that price in such nightmare situation.

Bitcoin At $1 Million In 90 Days And Dollar Destroyed—Huge Crypto Price Prediction Bet Fueled By Bank Crisis And Hyperinflation

I am not disappointed because Bitcoin was not hit $1M after that call but frankly I am happy that it did not happen.

[snowpega]

Much about bitcoin had already been done, it's our own role left for us to take every opportunity we see through this digital currency to have the best results and profitability through it adoption, how we engage the use of bitcoin in our daily activities also will determine the benefits it will serve us, if we are using bitcoin most in our financial economy, it will help us to evade the negative consequences of economic inflation towards our financial assets whereby it value decreases with fiat while bitcoin will help retain and maintain the economical value of our money when we invested.

Buddy your words are too Good i do agree with you like you are emphasizing the adoption of BTC right? Like most of people are making excuses it can't make it rule to overcome crises. let's say, if each person starting adding up their knowledge in their mind and build their skill it can help to overcome their crises. Adoption of BTC can give good value to its price for those people who are doing its accumulation of it for the long period of time as an digital asset. What does matter here?  We should emphsize its adoption to those people who have no knowledge about it. it can be very beneficial for them for long and short period of time.

Short in sense, if they will train themselves for trading i know its a risky part...i'm suggesting to have well training and make themselves to understand the market sentiments after that they can come into trading field as well.

As you aforementioned that it upto us how we adopt it to have advantages of it and to get through our crises. it is also too good point. literally got impressed.

[TheUltraElite]

We should emphsize its adoption to those people who have no knowledge about it. it can be very beneficial for them for long and short period of time.

Emphasize how? You try to explain a cyberpunk currency to someone works their ass off on a farm trying to pay of bills and you get a tight slap on your face from their muddy hands and some swearing. You are free to become the tinfoil hat person of your community but after a while you will get ashamed and stop doing it.

Short in sense, if they will train themselves for trading i know its a risky part...i'm suggesting to have well training and make themselves to understand the market sentiments after that they can come into trading field as well.

Try that and you will called out as a scammer and get beaten up by a mob.

Your approach is wrong here. You bring the product to someone who wants it not someone who does not care. If they show interest in bitcoin only then show it to them. Dont force-feed a naive person about something that is already mysterious and difficult to comprehend. Because once they lose money, maybe due to their own stupidity, they would not stop blaming you and then its on you to save your tail.

[GbitG]

How Bitcoin Can play its role to overcome the Financial Crises

Bitcoin can help you individually but it can not help a nation to overcome a big financial crisis or a global economic recession.

It is true that Bitcoin can have an impact on an individual's financial situation, but at the national level, it cannot provide a complete solution to global financial crises. However, in my opinion, if we look at a nation's financial economy crisis from a perspective where people are actively using Bitcoin to improve their individual financial status, it can help. This can allow them to monitor their taxes and regulations more easily and contribute somewhat to relieving their country's financial crisis.

So, why can't Bitcoin be used to obtain relief from a financial crisis? Please tell me if a nation's fundamental aspect, its people, work on improving their financial status from a financial point of view, why wouldn't it help alleviate the country's financial crisis? It may not be an immediate solution, but over time, it can gradually become a lifeline to protect against financial crises.

[Ayers]

How Bitcoin Can play its role to overcome the Financial Crises

Bitcoin can help you individually but it can not help a nation to overcome a big financial crisis or a global economic recession.

It is true that Bitcoin can have an impact on an individual's financial situation, but at the national level, it cannot provide a complete solution to global financial crises. However, in my opinion, if we look at a nation's financial economy crisis from a perspective where people are actively using Bitcoin to improve their individual financial status, it can help. This can allow them to monitor their taxes and regulations more easily and contribute somewhat to relieving their country's financial crisis.

So, why can't Bitcoin be used to obtain relief from a financial crisis? Please tell me if a nation's fundamental aspect, its people, work on improving their financial status from a financial point of view, why wouldn't it help alleviate the country's financial crisis? It may not be an immediate solution, but over time, it can gradually become a lifeline to protect against financial crises.

That's right, when people's lives improve, the country's economic situation will improve and develop. But I want to ask you, what is the guarantee and certainty that when everyone invests in bitcoin, everyone will be able to improve their finances? Bitcoin is an investment and it has improved and changed the lives of many but not all. There are also many people who go bankrupt and lose money when investing in bitcoin incorrectly. Bitcoin is a financial market, which means there will be winners and losers, it is impossible for everyone to win-win. Who spends money to push up the price of bitcoin for everyone to sell?
Do you see any country with a strong economy or becoming a great power thanks to financial investment?