financial Cure for the financial system

[bitcoin-shark 1928]

Yes I also believe that cryptocurrencies can be the solution to the financial crisis we are currently experiencing, unfortunately not all the population would be able to use them there are countries where the internet and computers are not widespread at the total level of the population, however written are the solution in the future will certainly be the payment method preferred by most of the world's population

[Razan alikac 1899]

I think that the financial system does not need medicine, but rather an understanding between banks and central banks on the one hand, and bitcoin, blockchain technology, and decentralization on the other hand, one of the forms of this understanding is the legalization of cryptocurrencies in a country and the imposition of taxes.

[percare 3192]

I think that you are correct in a way but you are also incorrect to think that every economy is the same and every country has to use cryptocurrencies and remove the fiat currencies. This is not about every country or the whole of the world. Fiat can still exist but it will need replacement when it stops working correctly and creates a negativity for the economy. There are examples and this is the best cases to use cryptocurrencies.

[Fixfin 2569]

The financial system really needs a cure from the coronavirus effect lately. It has been devastating effect and economies will stop working soon because of all these that happened. Maybe with the help of cryptocurrency adoption and use there can be a transition that will change the cycle to boost again.

[malik6314193 5449]

Many people around the world are linked with crypto world. And crypto currencies are supporting their financial system. 

If we talk about currencies then Bitcoin is on number one to providing financially support. Crypto trading make people millionaires. 

[yonkii 3205]

I'm still not have a lot of knowledge about the financial system and how bad things are but there were not many real problems when you written this post. In fact it was all looking positive until corona virus and the lockdown appeared. I don't think that this could have been priced in an economy and this is a random event that we can't predict.

[annayks 2314]

There will be many problems in the economy and a bigger one will be the loss of jobs in the next 25 years. There will be increased unemployment because of the adoption of new systems as robotics and AI and there will be a shift into production wihtout any workers. Automated services will make many jobs obsolete and I guess that only people in forums like this one understand this.

[Gluttony 1775]

I would say yes, it would somewhat aid the centralized financial systems we have provided by the government but I would also say that it would only serve as a short term remedy since it would not last that long. I would say it would still be better for the economy of a country to be prioritized by the centralized financial system since it is the embodiment of their power as a country and a measurement about their success as well. As far as the economy of a country continues to cycle its way through the time the more the cycle of money and wealth would be distributed well around the country.

[zhoutong 2188]

There will not be so many changes as you think and cryptocurrencies will be used in a limited level for decentrailzed finances even by banks but not in the way that you see them today. And nobody will invest in Yfi or other stupid schemes that are there only to grab money of fools. The bank system will make these look better and not like a scam as these look today.

[its.cryptologic 163]

The main reason I prefer crypto to FIAT is because inflation is traceable and known, not just printed out of thin air... usually. Perhaps the recent rise in BTC is due to FIAT decrease/inflation 

[Zalaks007 543]

Yeah agreed it solves alot of problems for some bank but also it equally creates a lots of problems for most people too because they cannot afford to do their transactions on it. Although it's a good decentralized way in which it helps in processing your transactions without getting afraid of losing your money or anything else.

[khan22 3478]

On 11/10/2019 at 6:07 AM, xprince1996 said:

All cryptocurrencies tend to solve the financial problems. Why? Because through cryptocurrency all the transactions are transparent and no one can hide if there is a malicious doings.

All the crypto market is good and this is so much trusted and it can easily solve the financial problems becasue now in the world so many peoples are jobless and they need money and the crypto market solve their problem.

[ramonn22 731]

On 11/10/2019 at 2:07 AM, xprince1996 said:

All cryptocurrencies tend to solve the financial problems. Why? Because through cryptocurrency all the transactions are transparent and no one can hide if there is a malicious doings.

If dear friend you are right at least in my way of thinking since all cryptocurrencies are decentralized therefore there would be no people who could manipulate the accounts and everything would be more transparent
Good luck and big winnings for the whole community
A big greeting

[Syedbesharat 5423]

Crypto is not easy for everyone one new generation can adopt it easily but the old generation will need time it's not like Microsoft windows who can be run by anyone. Every project is different and have own complexity. The options changes from wallet to wallet and exchange  to exchange. The crypto need time and better environment for gaining favourable audience for adjustment in the society. 

[Syedbesharat 5423]

2 minutes ago, sarahyes said:

@SyedbesharatGood and logical analysis ... Encryption is now related to development and capabilities ... and therefore we find that as time passes, encryption will facilitate and become accessible to everyone ... and this serves the benefit of cryptocurrencies

The encryption isn't understandable for me who spend last 4 years in crypto so I can whole generation can master it after implementation. The society will be doom without better plan and procedure the crypto isn't moving any where near it's aim. The crypto needed solid base with knowledgeable people who can satisfy the all needed of people like a general category product who fits for all needs. 

[Ridam 7455]

35 minutes ago, Syedbesharat said:

The encryption isn't understandable for me who spend last 4 years in crypto so I can whole generation can master it after implementation. 

@Syedbesharat Really 4 years? and still you didn't understand about encryption? I know the blockchain and encryption isn't easy to understand but it's not that much difficult. I think you are using difficult sources for understanding the concepts. I suggest you to join Binance Academy. You can learn everything from beginner to master about Crypto, Blockchain, Bitcoin, Encryption, Tradin, Investment and many more.

[Syedbesharat 5423]

1 hour ago, Ridam said:

@Syedbesharat Really 4 years? and still you didn't understand about encryption? I know the blockchain and encryption isn't easy to understand but it's not that much difficult. I think you are using difficult sources for understanding the concepts. I suggest you to join Binance Academy. You can learn everything from beginner to master about Crypto, Blockchain, Bitcoin, Encryption, Tradin, Investment and many more.

What I mean to say is expert I can perform my daily task easily and exchange some. Points with other but my was here is for the language barrier.I don't  have English as my native language to me it's foreign language. So the whole word have different cultures and languages. And mostly the literature is in English of encryption and block chain. I do trading and investment in coins and ico but I have experience partners many people don't have this kind of luxury. 

[kryptonick 2659]

Even if the financial system still has a few years more, even a decade or two, this doesn't mean that a shift to something that will be working better is not needed. With cryptocurrencies and blockchain systems there will be transparency, better governance, better financial regulations, better finances with decentralization, no need for struggle of power and pointless financial competition, better development as there will be better allocation of funds and better decision making process.

[Goyaa 2414]

Cryptocurrency has become a cure and hope for problems facing traditional finance, we can see in the future that crypto is able to make people no longer trapped in centralized finance that only benefits certain parties. I hope cryptocurrency can be a solution so that people's lives can be better and no longer depend on a centralized financial system.

[AlfFusco 664]

Cryptocurrency could solve many problems that exist in the financial system,but again, cryptocurrency is also not perfect and has a number of its own problems, so it can't be 100% medicine yet

[duncun007 3577]

13 hours ago, kryptonick said:

Even if the financial system still has a few years more, even a decade or two, this doesn't mean that a shift to something that will be working better is not needed. With cryptocurrencies and blockchain systems there will be transparency, better governance, better financial regulations, better finances with decentralization, no need for struggle of power and pointless financial competition, better development as there will be better allocation of funds and better decision making process.

yea bitcoin and crypto in general solves most of our issues with the existing financial system, and i just hope that this crypto stay unregulated because if it ever end up being regulated we will lose many investors.

[Syedbesharat 5423]

6 hours ago, kenan 1 said:

@Syedbesharat

The world of cryptography is a vast world, and it is not easy to know much about it, but at the same time it is not difficult, because as a beginner in the world of cryptography, it does not require much experience and knowledge from you.
It's like an abstinent easy
You can gain knowledge and experience through your daily work

I agree the crypto currency operating isn't hard but those who don't believe in it cannot handle correctly crypto currency operations. Their for first we need good environment for crypto where the prospective of crypto currency clearly understood. Then we can have global. Scale adoption. Before that we cannot force crypto on everyone. 

[Zeshan Khalid 2577]

There are some problems that can prevent crypto from dominating over prevailing system. Lack of internet availability, lack of security and reliability. But in all other aspects it offers more better chances of earning.

[Sykkuno 2887]

Bitcoin is the cure and can help anybody that has found it and is willing to remove the risk of the fiat money that losses its value in the first problem of the economy. For example Turkey lira is being destroyed. Buying Bitcoin today is the most wise thing to do in Turkey. Same with Lebanon, Venezuela and more countries that will be having major problems with their currencies very soon.

[bogdanoff 3173]

A change in the financial system is happening and we will see a big shift into investments in digital currencies. Bitcoin will lead these investments and it seems that it will grow and at least double in price in a year from now. It is the best time to invest in Bitcoin with so much good news happening.