Cryptocurrency impact on Economy

[redsun114]

is that true, most people don't have jobs because of the lack of job opportunities?
then they tried to look for information on the internet and found crypto, I was also one of the people who was helped by this.
if I didn't know crypto maybe I would be trapped in poverty.
Currently I have gotten some results from crypto even though I lost a lot in trading.

I think it only provides opportunities for those who have some money to spare and not for people who are jobless and have no money or resources at all. If you are looking for a job but you are in normal condition which means that you have some money left and you have a laptop, a mobile phone, got access to the internet, and every other basic facility that you need to learn about Bitcoin and cryptocurrencies and then to be able to use them in your favour so that you might not need to find a job anymore.

If that is the case, then you can sit at home, use your resources to learn about them, learn how you can trade, do a lot of practice, and once you think you are ready and you won't lose your money, you can give it a try. I wouldn't even recommend that because it's risky and one should use the only money they have on cryptocurrency trading.

[|MINER|]

I think Cryptocurrency has a positive impact on the economy of a country. There are many youths who complete graduation and hope to get a job and become a burden to the family and society but what's wrong if they earn and lead their lives through Cryptocurrency. Mining, Trading  , holding that if one can manage them well then one can do very well in this sector and earn a handsome amount of income. It will help a lot in reducing the youth and unemployment of a country. There are many who are doing very well in the world of cryptocurrency and  Living a better life.

[Miles2006]

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes  to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words  crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

[Fara Chan]

I think Cryptocurrency has a positive impact on the economy of a country. There are many youths who complete graduation and hope to get a job and become a burden to the family and society but what's wrong if they earn and lead their lives through Cryptocurrency. Mining, Trading  , holding that if one can manage them well then one can do very well in this sector and earn a handsome amount of income. It will help a lot in reducing the youth and unemployment of a country. There are many who are doing very well in the world of cryptocurrency and  Living a better life.

The positive impact of Cryptocurrency is now increasingly clear and has been felt by many people for a long time now so there will be no mistake for any young person who wants to take this path and also wants to become successful through Cryptocurrency. Because now there are many unemployed people in various countries who after graduating from any school still do not immediately get a job except for some people who are able to create jobs themselves.

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

[boty]

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes  to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words  crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

Currently, most people save their money in Bitcoin to avoid inflation, because when inflation occurs the money they save will decrease in value but not Bitcoin and regarding economic growth in this case I think it will only help those involved in crypto Of course their economy can improve if they can use it properly and in terms of employment of course each person has expertise in their respective fields, yes of course Bitcoin has many benefits if they can know how to use it well of course it will be very profitable for everyone.

[BD Technical]

In countries where cryptocurrencies are legal, their markets and stock markets are exiled in this way because they can take their thoughts home even more when half the market is dependent on them.  Governments who can take their voice and they can track the intimates within their domain can rule their country but as they say in Bangladesh they can't actually approve it and they haven't got legality yet, it's illegal here.  If you look at the rate at which the price of bitcoin is increasing, one bitcoin if the government of Bangladesh.  If they kept about 23000 bit coins in their holding then you see 23000 would have affected the economy of Bangladesh.  If the government would have uploaded them, but the government actually does not want to take their list, because the murders of Bangladeshis will increase a lot and they will have to be victims.

[NewRanger]

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

Appropriate. Unemployment is like a big game and the wise initiative is to invest in various sectors, for example investing in crypto means that by investing we will get big profits that can be used for our retirement program, but of course not all of our time is focused on making money, instead our fiat money The value will decrease when daily necessities increase in quantity and this is happening now because of many factors and this is where we are required to manage it well and some people are not ready for this condition.

[Zanab247]

The most interesting part about bitcoin it serve as store of wealth like an investment, bitcoin has been used as a edge against inflation showing how important bitcoin is, when it comes  to the growth of the economy bitcoin can't fully attribute to the growth, Concerning the creation of job like you mentioned freelancing and we still have more jobs, I believe people still render their service even when it comes to mining and other related jobs, in other words  crypto still serve as a means of payment for service rendered. Bitcoin has a lot of benefit if only people will understand the use of bitcoin properly

BTC has helped some countries that adopted it to eliminated unemployment from their land which is the wish of every country to always have some tools to eliminate unemployment, but those that didn't adopt it are still finding it difficult to handle their inflation that is affecting their economy.

Those that know BTC investment very well, know how to use it to grow wealth that will make them to have difference source of income all over the country that will make them to be more serious with BTC investment because, they have tested the benefits of BTC investment.

[slapper]

is that true, most people don't have jobs because of the lack of job opportunities?
then they tried to look for information on the internet and found crypto, I was also one of the people who was helped by this.
if I didn't know crypto maybe I would be trapped in poverty.
Currently I have gotten some results from crypto even though I lost a lot in trading.

I think it only provides opportunities for those who have some money to spare and not for people who are jobless and have no money or resources at all. If you are looking for a job but you are in normal condition which means that you have some money left and you have a laptop, a mobile phone, got access to the internet, and every other basic facility that you need to learn about Bitcoin and cryptocurrencies and then to be able to use them in your favour so that you might not need to find a job anymore.

If that is the case, then you can sit at home, use your resources to learn about them, learn how you can trade, do a lot of practice, and once you think you are ready and you won't lose your money, you can give it a try. I wouldn't even recommend that because it's risky and one should use the only money they have on cryptocurrency trading.

Opportunity is about utilising what you have (knowledge, connectedness, a thirst for learning) not having lots of money. No regular job hunting here; this is a paradigm change

We use cryptocurrency to achieve our goals, not as a lottery ticket. Trading demands prudence, but rejecting it? That's like not walking because you might trip. Your laptop, internet, and basic facilities are more than other financial literacy seekers have

Buddhism emphasises the middle path. Not everything is severe. Do not jump into the deep end without swimming. While investing in bitcoin without knowledge is foolish, so is dismissing its potential. Balance, insight, and deliberate investigation matter. Welcome the digital age, educate yourself, and tread carefully

[viananda2525]

But in general it is very clear that the large number of unemployed people every year is due to the lack of sufficient job opportunities in their respective countries. So the option to go the Cryptocurrency route is actually quite appropriate for everyone and also for every young person who wants to live independently so as not to continue being a burden on their own family. I am also still quite happy to be in Cryptocurrency even though I still have to work in other sectors to fulfill the needs I want.

Appropriate. Unemployment is like a big game and the wise initiative is to invest in various sectors, for example investing in crypto means that by investing we will get big profits that can be used for our retirement program, but of course not all of our time is focused on making money, instead our fiat money The value will decrease when daily necessities increase in quantity and this is happening now because of many factors and this is where we are required to manage it well and some people are not ready for this condition.

Yes, I see that since the introduction of cryptocurrencies, some people in my area have felt a positive impact amidst the difficulty of finding work. They really focus and learn about crypto investment so that they are able to make real investments. I also quite appreciate that the government does not limit the scope for cryptocurrencies but really provides freedom so that people are more confident when making capital injections, but the government still needs supervision to monitor rogue platforms so that they do not harm many parties.

[Gormicsta]

Given that cryptocurrencies are private and decentralized, that is they could be used for money laundering and other illegal activities. They can also benefit us by allowing faster and cheaper transactions, particularly when considering the state of our country. Hardships have made salaries insufficient to support us, but earning in cryptocurrency has helped us a lot and interfered with our local banking system. It also has an impact on how businesses manage their transactions; that is, if the dollar rises, they gain more as well. Although this affects us as individuals, those who earn in dollars benefit more. Cryptocurrency has also been used to provide work opportunities in recent years.

[GreenStox]

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

[Minor Miner]

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

You don't need to say who has improved their life by investing in cryptocurrency, just use yourself as an example. Have you become rich by investing in cryptocurrency? I am a cryptocurrency investor like you but I must tell the truth that making money and profits in this market is not as easy as many people imagine. I have also earned quite a lot from the market but I have also lost a lot in the past and I don't think many people would be able to accept such losses.

This is the financial market, it doesn't create jobs and someone will pay you. How can it positively impact the national economy? Also, do you voluntarily pay taxes after getting involved in cryptocurrency? Don't exaggerate things too much and we are talking about our money so we need to be realistic and very conscious.

[Zoomic]

Cryptocurrency has both negative and positive impact on the economy. Of a truth, cryptocurrency has helped a lot of economies by providing an alternative source of income for its citizens, thereby reducing the number of dependent people in the country.

But then, many businesses, traders and investors have lost huge amount of money when cryptocurrency crashed. This is not a pleasant experience as many small and medium scale business were affected.

Due to the decentralized nature of some cryptocurrencies,  the government through their apex bank find it difficult to control the volume of money in circulation. They also have issues with collecting revenue from their citizens who use cryptocurrencies. Ofcourse,  the government's revenue suffers when the government cannot tax its citizens effectively.

Criminals have used cryptocurrencies as a perfect hideout to carryout their fraudulent transactions which includes money laundering, bribes and many others. These transactions are not favourable to the economy of any country.

[WillyAp]

Criminals have used cryptocurrencies as a perfect hideout to carryout their fraudulent transactions which includes money laundering, bribes and many others. These transactions are not favourable to the economy of any country.

Under that argument we need to forbide and ban € and $ too.
Gold, Diamonds, Stocks you name it.

[kawetsriyanto]

I see that since the introduction of cryptocurrencies, some people in my area have felt a positive impact amidst the difficulty of finding work. They really focus and learn about crypto investment so that they are able to make real investments. I also quite appreciate that the government does not limit the scope for cryptocurrencies but really provides freedom so that people are more confident when making capital injections, but the government still needs supervision to monitor rogue platforms so that they do not harm many parties.

Indeed. Many people got positive impacts from crypto business. It think it is not about investment, there are many jobs in crypto industry. People who have jobs and have no jobs in real life, all can get the benefits from crypto. People who have jobs in RL (real life), they can make crypto jobs as side jobs. Meanwhile jobless people can make crypto as their main jobs for temporarily. I'm sure trading will be more suitable for jobless people because they can have a chance for regular profits daily. But they must have the intention to have a long term investment, too. I see this happens in my neighborhood.

Yep. Thanks to the government that they are supporting the crypto business. Even, the government keeps monitoring and initiates to have a safer crypto business. They regulate the local exchanges to make a more comfortable system for every person. In our country, Bappebti have done the right way as an institution appointed by the government to handle this matter.

[Kingperry22]

In defense of my reasoning, a major impact of cryptocurrency should be a means of exchange for trade balances. cryptocurrencies just be used as a vital way to tackle the forex. By so doing it will strengthen or make a country's currency not to nosedive against another by so doing the cost of imported goods wouldn't directly affect the end consumer instead it will increase or make a stable Gross Domestic product (GDP) of a nation

[AnonBitCoiner]

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

Many people have changes their lives through adopting cryptocurrency and it proves to be really helpful in making your present and future better. Previously people were not familiar with cryptocurrency and they never try to find out way of earning but now everyone is engaged in earning more and more because inflation is on its peak and single salary is not enough to accommodate necessitates.

Some people have no knowledge about crypto while other having knowledge but don't wants to put their money at risk therefore they are far from earning through Crypto. There are huge opportunities provided by cryptocurrency market so try to focus on them if you want to have smooth journey of success.

[WillyAp]

Many people have changes their lives through adopting cryptocurrency and it proves to be really helpful in making your present and future better.ccess.

I think you greatly overestimate the effect of crypto.
Binance has greatly benefitted creating the impression that crypto is synonymous to trading, you make more money trading in wheat bushels but binance is not trading those.

The common man is pretty helpless installing even a wallet on his phone. Or set up a new phone, reset it should it malfunction. 

[yudi09]

I don't know about developed countries, but your review is right, because I live in a developing country, the impact of crypto on society is very helpful, although not all people know about it, but it has helped the lives of many people from previously only having a fixed income for a month to now increasing.

Not everyone finds crypto helpful for some reason. I also come from a developing country and I see that not everyone feels helped by crypto, but personally I feel the positive impact that it can help change the economy.
I can invest and hold until the price reaches the target I want to achieve, especially on Bitcoin.
There will be a positive impact on the economy if education regarding cryptocurrencies is carried out consistently.