How do cryptocurrency increase the standard of living

[arhipova]

Owning crypto will not increase your standard of living essentially. Like suppose, you own 10 bitcoins today and when the market falls next month, you get in panic and sell in loss. This will reduce your standard of living as your total assets will decrease and thus you have to modify standard of living accordingly. But if you are smart with your investments, owning crypto can open up lot of good opportunities for you. Currently there are  better opportunities in altcoin market and if you can spot good coins at earliy stage, you can make a lot of money.

[edy_58]

Owning crypto will not increase your standard of living essentially. Like suppose, you own 10 bitcoins today and when the market falls next month, you get in panic and sell in loss. This will reduce your standard of living as your total assets will decrease and thus you have to modify standard of living accordingly. But if you are smart with your investments, owning crypto can open up lot of good opportunities for you. Currently there are  better opportunities in altcoin market and if you can spot good coins at earliy stage, you can make a lot of money.

If they have 10 Bitcoins, of course they have a good understanding of how Bitcoin works because it is impossible for them to dare to buy large amounts and they panic when they see market conditions and sell them at a loss and related to the standard of living, it really depends on a person's personality. There are those who keep Bitcoins. with many still choosing to live simply and not show off the assets they have.
To be able to make a profit from altcoins, of course we have to do in-depth research so that we don't choose the wrong type of altcoin and result in losses from buying the altcoin.

[Inwestour]

Even when you invest, it does not guarantee that you will start making money immediately. and fully relying on Bitcoin investment is not a good idea if you have a job, then investing will be like a side hustle that will make everything easy for you because it is logical if you rely on your Bitcoin, will it be enough to sustain you looking currently at the economic saga we are in, and with bitcoin having an unstable price makes it hard to put confidence in, but when you have a job, you won't bother much about your investment.

Very few people who would have bought Bitcoin in the early days and held it until now would have made a lot of money, and a lot of people who have also bought and sold it out would have been regretting it now.

Any investment is a long-term plan that should be aimed at your financial independence in the future. This will improve your standard of living, but do not think that this is a quick process, it can take years, provided that you manage your finances wisely.

But even if you buy and hold Bitcoin long enough, it will allow you to achieve a good profit, because I see that Bitcoin is becoming something very significant, an asset that is becoming attractive and most importantly accessible to large players, to some extent thanks to the approval of the Bitcoin ETF. So investing in Bitcoin has always been a good idea, and it remains so today.

[adultcrypto]

Cryptocurrency can increase standard of living when one invest in it
The opportunity it gives can increase standard of as of 2011 I bought Bitcoin worth of some dollars but I thought it was worthless then I sold it out if I had kept it till today my standard of living would have changed  
Cryptocurrency is just like when one choose a good business to invest his/her little capital,  you can be uneducated and profit from the business you can be educated and also profit from the business

Cryptocurrency increase the standard of living by increased the amount of money that you have access to, what increase the standard of living is when you have enough money to spend. An individually receiving $200 every week can't have the same standard of living with another person that's receiving $500 weekly. When you invest in cryptocurrency and make profits it has increase your standards of living and the more you invest and make profits the more your standard of living keep increasing. Investing increase your income and the more income you have the more things you can afford. Inflation is making everything become twice as expensive than before therefore if you're not receiving extra income from investment or another businesses, it'll becomes difficult to be keeping up with the lifestyle you are living unless you want to cut down on your expenses and it'll make you become less comfortable.

There is no need making this look complicated. Cryptocurrency is just like every other normal investment that people do with the expectations of profits. Investments that generates profits will definitely make life better for the investor. As we all knowing, investing in the right cryptocurrency such as bitcoin have proven to be a wonderful option for everyone willing to hold it for long until at least it yield some profits. So, cryptocurrency improve standard of living in many ways. A good example is the those who bought Bitcoin early last year and held till date are already sure of at least double of their capital as profits. This shows how good an investment option cryptocurrency is.

[teamsherry]

Crypto currency can not increase your standard of living, earning more money would while some crypto projects are good source for investment there are also some bad eggs amongst them, so when you refer to crypto it's a bit general and includes scam projects and dead projects too, so I'll say if you play with the bad eggs you would lose your money, but if you invest in good projects like bitcoin and hold for long then they is a chance to increase your standard of living.

[$weetne$$]

There is no need making this look complicated. Cryptocurrency is just like every other normal investment that people do with the expectations of profits. Investments that generates profits will definitely make life better for the investor. As we all knowing, investing in the right cryptocurrency such as bitcoin have proven to be a wonderful option for everyone willing to hold it for long until at least it yield some profits. So, cryptocurrency improve standard of living in many ways. A good example is the those who bought Bitcoin early last year and held till date are already sure of at least double of their capital as profits. This shows how good an investment option cryptocurrency is.

We're saying the same thing because the point I was making in my post about cryptocurrency is that, it's not only a currency but more of an investment and those that are making use of it as an investment are making profits and all they have to do is just to buy and hold. Your standard of living can improve by investing in Bitcoin, your expenses will be handled by the profits you're making from Bitcoin and other cryptocurrency either by trading or holding. If you're a very self controlling person when you start making extra income from the profits your cryptocurrency investment is giving you and you don't spend them all on unnecessary things, you can make your standard of living improve. The more you're getting money is the more you can improve your standard of living and investing in Bitcoin is a good way to make money.

[harapan]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

It does'nt really change ones standard of living,it puts you in charge of your finances,by influencing every penetration from the bank.The main goal of bitcoin is that it guarantees you an opportunity that you can't get anywhere.
 Been in the cryptospace is worth the decision and journey.Bitcoin and the blockchain system expands your knowledge/interest,provides greater chances to have financial independence and growth.

There are so many other ways to improve ones standard of living,bitcoin is more like a second chance or choice to attain or activate a comfortable experience.Even the uneducated can benefit from bitcoin,but its not really everyone that can handle the technological chances of cryptocurrencies to achieve something.

[passwordnow]

Increase the standard of basic knowledge through knowing not just about the ecosystem and economics of cryptocurrencies but also about the technology that's behind it.

Crypto currency can not increase your standard of living, earning more money would while some crypto projects are good source for investment there are also some bad eggs amongst them, so when you refer to crypto it's a bit general and includes scam projects and dead projects too, so I'll say if you play with the bad eggs you would lose your money, but if you invest in good projects like bitcoin and hold for long then they is a chance to increase your standard of living.

I get about what he's talking about is the byproduct of investing in crypto. Like he's thinking of increasing his standard of living but in general, it is not crypto that shall increase the standard or way of living but his approach towards life and having more sources of income. So someone has to be that good in anything that he does not just with cryptocurrency investments but also in any profession or trade that he does. Because without having that upgraded skill in the job market or in managing a business, how can you increase your standard of living if you're not even receiving that much cash flow and source of income? That's why from there, start from the resources that you know that can help you out in growing.

[dlightag]

The world is gradually growing rapidly in technology, in which cryptocurrency is in better position to solve the problem of financial sector. While talking about uneducated people, cryptocurrency does not require any degree before you can invest or trade. Hence it requires having the knowledge of Blockchain technology and how Bitcoin been traded, with that, one can be able to trade other alt-coins to increase his cryptocurrency standards of living.

[spiker777]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Why are we so stupid to seek refuge for crypto about the living? have not we understand that this is a currency ?

People need to learn using it first before asking for changing lives , how can this improve living when people does not even use it as currency.

what do you mean by people not use it as a currency? i think everyone who knows about crypto currencye and using it for any purpose (trading, investment, or buying stuff) they know that Crypto is a currency and they are using it as a currency.
if you are trying to say about use of crypto in real life then that is a different thing but even then it is very easy to exchange (withdraw) crypto in real currency and use that to change the standard of life if anyone want too.
the thing is having money doesn't change the standard of living, but people can change their life standard by properly using it. there are so many people living a better life than people richer than them.

[Bitcoinpoly]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

There are many ways in which cryptocurrency can increase people’s standard of living  especially in a situation where you know how to fully utilize the opportunities within the cryptocurrency ecosystem. Just like using Bitget Copy trading to make profit and also using the flexible savings program in order to make APR.

[LogitechMouse]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

If they're willing to learn cryptocurrency, and how to earn through it then their life "MIGHT" change with the help of it.
Aside from that, cryptocurrency isn't a one-stop shop for all the financial problems of those poor people out there. It isn't like a "You will invest in crypto, and your standard of living will increase" kind of thing. Of course, you need to learn how cryptocurrency works as well.

Are you concerned with those uneducated people? If they're unwilling to learn, their lives will not change. If they're not willing to learn crypto, crypto will not help them as well. Yes, we've seen investors who changed their lives already with the help of cryptocurrency, but before that, they learned as well. They educated themselves that's why they became successful. If those uneducated people aren't willing to change their mindset, they will remain poor for the rest of their lives, and crypto will not help them.

Cryptocurrency is just a tool for us to increase our standard of living. Those who are willing to spend time to learn it will be the ones that will become successful, and vice-versa.

[GideonGono]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Crypto gives us opportunity to earn on our own phase.
But that doesn't really mean that investing in crypto would really changes everyone's life.
We shouldn't forget that this is investment and there would always be a risk.
As you've said there are so many uneducated people around if they couldn't educated their self on crypto then they would just waste their time and money.

[Wiwo]

There have been a lot of discussions on this topic and in many of those discussions we didn't fail to point out the economic benefits of Bitcoin to an individual since we consider Bitcoin as a form of long-term investment and financial goals,  Bitcoin has the ability and chances to improve anyone financial life and also help sharpen your investment mindset since Bitcoin should be approached with a long term goals and expectations.

And while you are at that,  you may also choose to go deeper in knowledge about Bitcoin and its related subjects like blockchain and the rest of them all,  also for short-term speculators and analysts who engage in Bitcoin discussion,  knowledge sharing and the rest of them all,  just like you and I and many others who are not on the forum but engage in bitcoin discussions and another form of market analysis and usage.

[skarais]

~~~

Crypto gives us opportunity to earn on our own phase.
But that doesn't really mean that investing in crypto would really changes everyone's life.
We shouldn't forget that this is investment and there would always be a risk.
As you've said there are so many uneducated people around if they couldn't educated their self on crypto then they would just waste their time and money.

Of course trading and investing are activities that have a high risk of losing money. As a consequence, you get a return or profit, but still with wise risk considerations.

We all know that not all users will make profits once they get involved in the crypto industry. They invest and do things right, but one small mistake can still cost them their entire investment.

Investment will give investors the opportunity to make profits, it is the best way to expect the standard of living to improve. Not only about crypto, but any investment that is profitable will ultimately make the standard of living better.

[FinePoine0]

Every now and then we see many people in our society who are unemployed even after completing their graduation but their standard of living is zero but when those people try to do something or earn money through crypto currency, their standard of living will improve. Every country has enough problems of unemployment, the number of students who complete their graduation every year but do not get jobs every year so many remain unemployed. However, among those who are unemployed, a number of students are seen to focus on the crypto currency and they are able to make considerable progress by utilizing their talent here. In this case, it can be seen that the student is not unemployed but it can be a good support for the family which is a big issue for the student.

If the unemployment rate is high in the society, people are not educated only for financial income. People are educated to develop mentally and socially to a higher level. If people try, they can choose income path from other side such as entering cryptocurrency or investment from here they can earn money.

[suzanne5223]

Every now and then we see many people in our society who are unemployed even after completing their graduation but their standard of living is zero but when those people try to do something or earn money through crypto currency, their standard of living will improve. Every country has enough problems of unemployment, the number of students who complete their graduation every year but do not get jobs every year so many remain unemployed. However, among those who are unemployed, a number of students are seen to focus on the crypto currency and they are able to make considerable progress by utilizing their talent here. In this case, it can be seen that the student is not unemployed but it can be a good support for the family which is a big issue for the student.

If the unemployment rate is high in the society, people are not educated only for financial income. People are educated to develop mentally and socially to a higher level. If people try, they can choose income path from other side such as entering cryptocurrency or investment from here they can earn money.

You both have a point but the educational system of the world we live in today is a scam and people are giving the appropriate learning.
FinePoine0, You said people are educated only for financial income but to develop mentally and socially but the current education system lacks all these things and it does not develop based on how things are changing the world generally. What we're seeing is the replication of old years of teaching while there's an advancement in the social, and mental thinking/belief of the people. All this and more make the educational system to be far behind which is the reason why I said the educational system is a scam.

[9TONNN]

Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

Permissionless cryptocurrencies enable people to store short and long-term wealth not vulnerable to any counterparty defaults and other systemic risks. It's just like having digital gold.

[synchronym]

Of course many people have changed their lives through crypto currency investing but we all should focus on other things instead of just relying on crypto currency. Cryptocurrencies are increasing in popularity day by day. It is expected that the popularity of kipto currency will increase manifold in the future and the amount of investment is increasing day by day, many people are changing their lives through investment and many are doing various family activities with the profit they are getting through the same type of investment. Many people are making their living by investing in crypto currencies.

[CageMabok]

If the unemployment rate is high in the society, people are not educated only for financial income. People are educated to develop mentally and socially to a higher level. If people try, they can choose income path from other side such as entering cryptocurrency or investment from here they can earn money.

The unemployed or people who don't have jobs must be given more attention by the government and also by themselves in getting jobs and business capital from the government. Because of this, the unemployment rate can be reduced and more people will not have difficulties because they do not have work and money at this time. Now finding work and money is almost as difficult so that the unemployed in each region must have a touch of capital from their own government in addition to continuing to make efforts through themselves to also look for job vacancies.