Can Bitcoin Help with Economic Problems?

[cryptousd20 141]

Bitcoin has changed many economies around the world and has become the largest profitable investment so far and has made young entrepreneurs pitch and change their lives for the better. Therefore, Bitcoin has helped the economy greatly.

[Mercello Blyat 21]

Bitcoin as a Safe Haven in an Economic Storm They impose capital controls on their populations that prevent them from doing basic things like taking cash out of the bank in times of financial turmoil. Some people are turning to bitcoin as an alternative form of currency, despite the warnings from regulatory agencies.

[hadi6t6 6]

In fact, this is one reason why Satoshi Nakamoto created Bitcoin. But Bitcoin is still an investment with a lot of risk due to high volatility, so it is not yet considered an effective hedge. Investors often target price stability during a market turmoil, and it is difficult to say whether Bitcoin can deliver that demand

[Ammer12 2]

Obviously. Bitcoin can solve the economic problems. Because of Bitcoin people can earn alot of money. People can easily earn a handsome amount of profit with in less time and less effort. It can solve economic problems.

[SanjidaAkterSanju 69]

As it is a earning site so it can easily fight with economic problem. It has made a revolutionary change in earning. In this site people can earn all over the world, in anytime any age.it doesn’t want any qualification.              

[BitcryptoHan 2557]

Yes. It can help. People are getting job and also trading and investing. They get money through this said. 

[jamesvince 2389]

Everyone know everything that is gave money to the peoples of the countries then it is contributing for countries and economics growth of the countries so btc is source of income for people so its also contribution done for economic development. 

[Shaze win 107]

Well beginners are interested to know rhat how much effort they have to out on tjis work and how much they can earn. life changing projects must be introduced for old members . bytheway there are many peoples those life is totally changed due to crypto

[Shanjana01 2]

Only digital coins can not help in economic problems. But the current system is needed. And the answer to crypto and it can be a good solution to help the world economy. So I say that if Bitcoin is used properly, and satisfactory Nakamoto can help in many economics according to the desired initial rules of Maker.

[Khalid Khan 24]

Yes bitcoin will help with economic conditions first of all if in one country the value of bitcoin is higher that means the economy of the place is higher the place where the economy is good that means the value of bitcoin is good if not the value of bitcoin will low. 

[Sakina 2]

On 1/3/2020 at 11:05 AM, Afrizal rahman said:

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

Actually I think your right I agree with you. I think the many people and her familiar with Bitcoin because the people says Bitcoin is a way to make money easily

[idena 7]

It all depends on the perspective of each person. Is it helped from yourself because of bitcoin or crypto, then that is the answer. As for personally, crypto really helped my finances.

[Mwaleed 4]

Bitcoin is a decentralized currency in my opinion it will help the economy because many unemployed people start trading and investing in bitcoin and generate good income and they fulfill their expenses in the future bitcoin technology improved more and it's create more positive impact on economy. 

[RanaCaptcha7 11]

Many people don't know about bitcoin and assume it as a a laugh thing however for some peoples it's miles a haven in the course of economic strom.

[Tahmid23 2]

All crypto currencies can do this all at once..because the country is much more populous than the amount of Bitcoin, every country should come forward in the crypto market and legalize in the territory of their country so that the user can get a chance to work very easily.

[nickoman987 1040]

Of course, cryptocurrency can greatly help many poor countries that have problems with the economy. If cryptocurrency is introduced all over the world, this will create a balance in the world in terms of the global economy, this is very cool!

[teminalibug 309]

21 hours ago, Mou74 said:

In my opinion yes, Bitcoin can certainly help us financially. Bitcoin can be earned in many ways, one of which is Whole Trading. Bitcoin can be earned by trading. But to be successful in trading it certainly requires a lot of experience and patience.

What about bounties and airdrops, do you think they could be considered as proper ways to earn from crypto as income?

[Hanuman 253]

Yes of course bitcoin will handle some country economical situation.

If it is come to any country their many people could get a job.

And if their country invester gain more profit that may increase the economical situation.

[BitcryptoHan 2557]

On 1/3/2020 at 7:56 AM, IMH said:

Yes Bitcoin can help and solve economic problem because it is easy to transaction there no interference of banking activities and it do not allow text charge while Bitcoin transaction and little amount of money is save.

But it is not enough, if other parts are not developed, I mean other technology part, the economy will suffer. 

[kadayakito 765]

in fact there is a country that will charge tax on bitcoin because the government has allowed this. help with economic issues I'm not sure because I'm not a big economic I only know that those who are patient and hard-working will benefit from bitcoin.

[Zahid12 0]

It has nothing to do with the fact that Bitcoin has a limited number of memories of it, and if you keep it to you you can change more in the future and the government will not have to pay any taxes.

[johant123 1559]

Just now, Hridoy1995 said:

fair enough of route bitcoin and every altcoin (cryptocurrency)  good thing a assortment in economics because people bottle change thier currency in bitcoin to keep the value. 
 

 

Well ... I don't think so!

 

I think the past few days have shown that it is incredibly risky to treat your crypto balance like a savings account. In contrary, it is a high risk investment. Theoretically, you could still lose all your money (if people decide that BTC has become worthless for them).

 

My investment horizon for my crypto is ten years (I know I need money to supplement my income in 10 to 15 years from now), so I feel safe taking the risk. But if I need the money this year, I would never "park" all of it in crypto currencies.

[Bohana 2143]

On 1/3/2020 at 8:05 AM, Afrizal rahman said:

Digital technology helps change one's life and the presence of Bitcoin has shown a new era in this advanced technology world.  Today many people are familiar with Bitcoin, although only a few countries accept it.  We need to know that Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto.  The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.  Is the presence of Bitcoin can help people who are below the poverty line, because many people say that Bitcoin is a way to make money easily and tax free for its users.

In order for that to happen, all countries have to adopt Bitcoin. A country with low economic value can get use of Bitcoin by mining it, but I don't that will happen in the near future. Maybe after 10-20 years, cryptocurrencies will take part in countries' economy.

[johant123 1559]

16 minutes ago, Bohana said:

In order for that to happen, all countries have to adopt Bitcoin.

That will not happen. Various countries and economic blocks are already working on their own cryptocurrency.

 

I also see no reason for countries to adopt BTC for day to day payments. Transactions take too long to complete, and currently the volatility is much too high (but that can change, of course).

[Bohana 2143]

1 hour ago, johant123 said:

That will not happen. Various countries and economic blocks are already working on their own cryptocurrency.

 

I also see no reason for countries to adopt BTC for day to day payments. Transactions take too long to complete, and currently the volatility is much too high (but that can change, of course).

That's what we're talking about. There's no need for the countries to change their current currency and adopt Bitcoin. If a country's currency is strong, there's definitely to need to change it. Otherwise, countries with weak currency might be thinking of changing it.