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What jobs will disappear in the future due to cryptocurrencies?

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I do not think that cryptocurrencies will cause any jobs to disappear. Quite the contrary, we will witness the emergence of new jobs in the field of blockchain networks development, programming, and decentralized application programming. The field of cryptocurrencies is very wide and will lead to the emergence of many needs that require millions of jobs around the world.

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Cryptocurrency can make some jobs to disappear but only what the government allow cryptocurrency to be used for, those sectors thay will be using cryptocurrency will change their pay rolls and dont need any cashier anymore. 

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Jobs disappear day by day without crypto intervention in the first place,
Technological development alone eliminates many jobs.
But with the introduction of crypto more, there are many jobs that will disappear if those jobs do not try to catch up or cooperate with crypto, especially the jobs of banks and exchange and transfer companies,
But many jobs will be created in informatics and programming as well.

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The emergence of these currencies in our time and the returns they provide to members in terms of money and investments in this field made most people leave jobs with low income and work with this encryption.

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On 12/5/2020 at 8:53 PM, yonkii said:

I think that instead of jobs dissappearing there will be more jobs appearing and I think that this is already happening as we see new jobs for developers of blockchain systems and perhaps there will be jobs for blockchain users and office jobs of this kind later. Also cryptocurrencies are giving jobs to people online with marketing and more.

Yes, that's also the possibility that many new jobs will be introduced but because of the increase in technology and taking over by AI, many tech companies will terminate their employee.


Youtube ChannelSocial media Assets, Websites and Plugins are available in a very reasonable price 😇 TALK Token is also acceptable.

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The job that will let cryptocurrency disappear is very had until a bitcoin of it like will come and pay more than crypto and also create learning and it skill as cryptotalk,  that is my understanding for now and also a new forum member.

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I don't think crypto can kill some job, but it can effect some of them. In the future it can be happened but i am talking about 30-40 years but for now i don't think any job will effect crypto negatively. I think it'll be better for most of the bussiness, but of course we can't know for sure, we can only guess.

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On 10/11/2020 at 4:45 AM, alexjobs said:

They asked me this question, but the truth is, I don't think cryptocurrencies will have an impact on employment, by the time bitcoin is a universally accepted instrument, I think a lot of current jobs will disappear, but that not have absolutely nothing to do with Bitcoin.

 

Personally, I believe that development and technology are inevitable. Jobs are disappearing and it has nothing to do with bitcoins or cryptocurrencies.
 

Any activity that is repetitive, that is high risk or that requires continuity in terms of hours and continuous operation 24 hours will surely be replaced, all those jobs will be automated, automation will become cheaper and will continue to lower costs, robots will be more and more cheap and more people will have access to that technology in commercial terms, right now only large companies have access to that technology, but eventually that technology will become cheaper and we will see normal people, with small or medium-sized companies, hire robots to perform certain functions

 

That's a sign of the times, I don't think Bitcoin is going to have a significant impact in terms of employment; are the times in which we are.

@alexjobs I think that everything related to banking and centralization will decrease the demand for it, and the demand for engineers, programmers, and everyone who has a relationship with modern technology will increase.

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On 10/11/2020 at 6:45 AM, alexjobs said:

They asked me this question, but the truth is, I don't think cryptocurrencies will have an impact on employment, by the time bitcoin is a universally accepted instrument, I think a lot of current jobs will disappear, but that not have absolutely nothing to do with Bitcoin.

 

Personally, I believe that development and technology are inevitable. Jobs are disappearing and it has nothing to do with bitcoins or cryptocurrencies.
 

Any activity that is repetitive, that is high risk or that requires continuity in terms of hours and continuous operation 24 hours will surely be replaced, all those jobs will be automated, automation will become cheaper and will continue to lower costs, robots will be more and more cheap and more people will have access to that technology in commercial terms, right now only large companies have access to that technology, but eventually that technology will become cheaper and we will see normal people, with small or medium-sized companies, hire robots to perform certain functions

 

That's a sign of the times, I don't think Bitcoin is going to have a significant impact in terms of employment; are the times in which we are.

dude I don't think so there cryptocurrencies are replacing the jobs people are doing their job in their time and they use this cryptocurrencies as their side business because it doesn't take any much more time and people are dealing with them easily and are getting good profits.

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It is really difficult to foresee the future of employment, as up to now, crypto is still an unrecognized object in many countries.
If crypto becomes ubiquitous, we will see some jobs disappear, especially in the centralized economic sector.
For example, assuming crypto & CBDC spreads and replaces fiat, the people working in the money printing factory will lose their jobs because the need to print and use cash no longer exists.
In addition, crypto is not just tokens, crypto is also the platforms operated by those tokens. Thus: DeFi will cause many bank employees to lose their jobs when lenders & borrowers can work together directly. Employees working at real estate agents, jobs, and human resources will probably lose their jobs.

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Hi. I think when cryptocurrency will develop as much as to be a tool of payments then many jobs will have disappeared to that time. Because computer engineering will automate some human professions in the field of banking and trade.


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Thank you so much for your argument I tell you that may be some employment affected due to cryptocurrency  because this is a white collar job and everyone I want to prefer this job on the hard work job so maybe it effect some other jobs

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On 10/11/2020 at 2:45 AM, alexjobs said:

They asked me this question, but the truth is, I don't think cryptocurrencies will have an impact on employment, by the time bitcoin is a universally accepted instrument, I think a lot of current jobs will disappear, but that not have absolutely nothing to do with Bitcoin.

 

Personally, I believe that development and technology are inevitable. Jobs are disappearing and it has nothing to do with bitcoins or cryptocurrencies.
 

Any activity that is repetitive, that is high risk or that requires continuity in terms of hours and continuous operation 24 hours will surely be replaced, all those jobs will be automated, automation will become cheaper and will continue to lower costs, robots will be more and more cheap and more people will have access to that technology in commercial terms, right now only large companies have access to that technology, but eventually that technology will become cheaper and we will see normal people, with small or medium-sized companies, hire robots to perform certain functions

 

That's a sign of the times, I don't think Bitcoin is going to have a significant impact in terms of employment; are the times in which we are.

Of course my friend Crypto currency exchange in general will have effect on employment, with the pandemic most people will prefer to spend time on crypto currency exchange rather than exposing themselves to the virus. Crypto currency exchange will affect employment as most people will prefer to study and earn money that government won't have influence on.

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I guess banks will shut down. And other new authorities will rise up for crypto. Those who will not learn crypto will be lagged behind.

All reserve banks will loose the position. I think there needed a huge revolution for removing all currencies of the world. I like the idea of Satoshi. This idea crypto may be risen to decentralize the transaction and exchange. 

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Frankly, I do not think that jobs will disappear because of Bitcoin, because what I see is that Bitcoin has given thousands of job opportunities to many people in all countries of the world without exception

This did not make the jobs celebrate, it only increased them

Working in the field of cryptocurrencies is available to all, and jobs are there

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Conventional jobs will not disappear, this is because we as a human species always need to have something of everything, and this is really positive in any case that is why conventional jobs will not disappear.

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In my opinion, a  job that might disappear in the future due to crypto currency is bank accountant as everyone's money will be in their crypto wallet and not in the bank.

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I don't think there is much impact. You can keep your job and work in coding as another job to achieve a good salary that guarantees you a good life. The rest of the members here may have a different opinion, but for me coding is another job for me that helps me in my life wonderfully

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I think that cryptocurrencies will affect many jobs in a positive way, as it facilitates trade exchange and increases the percentage of sales due to the ease of dealing and the large number of workers in this field. I think that the banking sector will have a negative impact on it.  We are in the age of technology very soon, a lot of the jobs that people do will disappear

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There are some labour jobs that will disappear if Crypto is fully adopted, and that will make some to have no option than to learn also about cryptocurrency transactions to start we earning too. 

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Hey friend I think there is no job disappeared until now because mostly people are doing here part time job and a lot of students also are working here. The only traders and investors can leave the job due to the the cryptocyrrency because they can earn handsome amount by the cryptocyrrency at this forum.

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With the advancement of technology, the job sector has undergone a massive change. Many jobs have totally disappeared and new jobs have come. There is no reduction of jobs or the nature of job has changed. Labour intensive jobs have almost disappeared. Similarly due to Cryptocurrency, many jobs will CHANGE but no significant changes in the job market.

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Perhaps the jobs will not disappear completely, but they will work with them, but instead of using regular currencies, we will use cryptocurrencies. This is what I expect.

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4 hours ago, Ch Ikram said:

people will invest in crypto currency and work online and thus can get good profit. 

But people should not give up their physical jobs because if all people join cryptocurrencies, then who will work in the office like this? That is why we should join cryptocurrencies as an additional income .

@Ch Ikram  I don't think crypto currency reduce any field job opportunity, because worldwide so many countries facing unemployment problem, and crypto currency gives the opportunity to work and earn money, now a time so many unemployees take crypto as like professional job.


 

   

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I believe that none should disappear although the demand for people and online jobs would increase, also conventional jobs should be updated and simply the people who charge in cryptocurrencies and they would not disappear.

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Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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