Post
Topic
Board Bitcoin Discussion
Re: bitcoin helps the economy of all circles
by
Wend
on 06/08/2023, 23:11:46 UTC
You should look at the people who have made a profit from bitcoin to learn, not think that bitcoin can enrich everyone, or it will help reduce unemployment, reduce poverty as many people think.

I agree with what you have said that Bitcoin cannot fully help the economy, fix poverty and other economic problems as many people say. In fact, to be able to get the maximum profit in investing in Bitcoin is not that easy and not everyone can.
It is true that investing in Bitcoin can help someone's economy but it will not be so significant, it all depends on how much they invest and how well they sell it at a high enough price.
And it's true, in fact that many people also lose investing in Bitcoin because of their own mistakes, they can't understand the market and don't have good investment risk management.

Crypto or bitcoin is a financial market, it is not an industry that creates stable jobs that help everyone have jobs and income. Therefore, it cannot have a great impact on the economy of a country as well as the world economy. Just like trading gold in the foreign exchange market, it is only profitable for individuals, I don't see how it is beneficial in contributing to the construction of the national economy.

In order to develop the country's economy, it is necessary to integrate into international trade, promote import and export, and create stable jobs for the people...rather than depend on risky speculative games.