government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.
I disagree. bitcoin is a currency, you can think of it as a tool too. and it is not a magic tool to make money for anyone who has ever gotten involved with it. so it can not decrease poverty, it can not improve economy of a country and can not do a lot of other things.
in fact bitcoin may have increase the poverty! there have been a lot of newbies who started investing in bitcoin in the past couple of months and many of them bought on highs and sold after a dip which led to losing a lot of money, then bitcoin went up they bought back too late and panic sold in the correction/dip and lost a lot more money.
this has nothing to do with banning or not banning bitcoin though!
I totally with this opinion. I can also see that Bitcoin is just the "tool" for each and everyone of us to attain our goals in life or havingfinancial freedom, and improve countries economic status but it will still depend on us users as we all know that Bitcoin is a currency or an investment though it requires knowledge for us to be successful in this industry I mean it is not something like a plug and play device that we can easily use all the time, it needs skills, strategy, methods and of course patience as it takes time for us to gain profits.