Post
Topic
Board Economics
Re: Bitcoin is one of the saviors.
by
agg2702
on 19/09/2021, 10:23:45 UTC
Bitcoin is savior when it comes to financial and it helps me as well as it helps to economy too. I invested money in Bitcoin and getting back in profit on my bad times it really helps me alot so i can say it is a savior to me. 🙏🙏
Yes, bitcoin profits have helped create the financial crisis of the people in the midst of the epidemic and many people who lost their jobs and became unemployed. Bitcoin has been called one of the saviors for eliminating unemployment and improving people's quality of life.
First, maybe I will suggest you to replace the epidemic with a pandemic because this is more suitable to say considering that this virus has already spread to almost all countries.
and secondly it is true that bitcoin is a good thing at least to reduce unemployment but it should be noted that not all people can enjoy it, only people who want to study it and people who want to spend their time researching and making simulations with speculation only they believe that will be successful in this bitcoin.
Of course, from here alone not everyone will be successful from bitcoin because if I see now there are still a lot of people who are in crypto but only follow the hype and fomo. and maybe the result is obvious if this is the loss and blame that bitcoin is a bad thing.
I don't think Bitcoin is just for hobbyists, but its use and status as an alternative currency will only continue to be an alternative. Because Bitcoin until now its form is only as a payment only to fulfill some of the functions of a number of functions of all currencies.
The use of Bitcoin that does not require banking institutions is also considered not to be able to shift the banking function, because the exchange rate is very volatile. Even though in terms of cheap transfers, the risk of the exchange rate is very high. So I do not see that Bitcoin can replace the function of mainstream currency.