Will cryptocurrency bring us out of debt?

[GoldenLady]

Do you guys think that one day, many more people will become rich because of cryptocurrency? I would love to become rich off of crypto myself, just so that I can invest in more and also help my family, friends, and those in need. I don't need a lot of money. Just the essentials and some toys, that's it.

Do you think it can bring this country out of debt one day?

One thing I believe is that it will empower people. Cryptocurrency will provide a means of employment and wealth creation for many, but when money becomes too much inflation sets in.

 

[Nurudeen]

More people will definitely come out of debt and that is only if they know how the market works. If they don't know how the market works it will definitely plunged them into more debt

 

[Chizfab]

It goes down to the amount you invest in crypto, the bigger the amount, the bigger the interest that can take you out of debt. There are other online job one can do to argument your earnings, out of which can sort some or most of your debt. Don't forget that it's a gradual process.

 

[Lens]

There is no doubt that cryptocurrency has made many rich overnight. The business is a very profitable one and you could make 100% of your investment in a blink of an eye. If care is not taken , it could make you go bankrupt. That's why it's very risky to invest in cryptocurrency. You need to consult expert in the field.

 

[jeff87]

Do you guys think that one day, many more people will become rich because of cryptocurrency? I would love to become rich off of crypto myself, just so that I can invest in more and also help my family, friends, and those in need. I don't need a lot of money. Just the essentials and some toys, that's it.

Do you think it can bring this country out of debt one day?

Of course, I also do believe that many people will become rich because of cryptocurrency. I am of those people who are hoping to earn millions of dollars through cryptocurrency trading.

 

[Dowenship]

Do you guys think that one day, many more people will become rich because of cryptocurrency? I would love to become rich off of crypto myself, just so that I can invest in more and also help my family, friends, and those in need. I don't need a lot of money. Just the essentials and some toys, that's it.

Do you think it can bring this country out of debt one day?

Lol... Not the country but the individual out of debt. And I believe that this is applicable to investors who are ready to bear the risk behind it....

 

[BrolySSJ]

Do you guys think that one day, many more people will become rich because of cryptocurrency? I would love to become rich off of crypto myself, just so that I can invest in more and also help my family, friends, and those in need. I don't need a lot of money. Just the essentials and some toys, that's it.

Do you think it can bring this country out of debt one day?

I think that it can help a lot to bring people out of debt especially if it is legalized because it will allow for people to convert it to their fiat currency and settle any outstanding fund payment that they may have.

 

[BrolySSJ]

Well it depends on how you go about it. It does have the potential to bring people out of debt but at the same time it could still put you in debt

This is a good point as well, because there are many people that are trying to invest in crypto by taking out a loan, thinking that it is sure profit however they do not account for the risk that is involved here as well.

 

[Hena101]

Well looking at how the crypto currency market is giving more profit to many people i think it will help some people to get out of debt from it.

 

[eLdavis]

This is a good point as well, because there are many people that are trying to invest in crypto by taking out a loan, thinking that it is sure profit however they do not account for the risk that is involved here as well.

I would not advice anyone to go for taking loans just so they can invest in a crypto, with the nature of crypto you getting good returns on time is not a sure thing yet.

 

[Thinker009]

It all depends on how you trade , most people actually move more into debt because of cryptocurrency ,so you have to think more on how to trade and make gain to go out of debt

 

[Georgeadawara]

Crypto currency bringing one out of debt depends on the type of currencies invested into and also the type of debt. Crypto can put one into debt and still bring one out of debt. One just need to know the type of coins to invest in and the right time to trade the coins.
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Crypto currency bringing one out of debt depends on the type of currencies invested into and also the type of debt. Crypto can put one into debt and still bring one out of debt. One just need to know the type of coins to invest in and the right time to trade the coins.

 

[BrolySSJ]

I would not advice anyone to go for taking loans just so they can invest in a crypto, with the nature of crypto you getting good returns on time is not a sure thing yet.

Exactly! And i have seen many people that have invested a lot into cryptocurrency at the wrong time in the market and have since lost a lot of money. Right now i think that those that invested at the peak would be happy to just break even.

 

[Shigobad2020]

Do you think cryptocurrency can one day bring us all out of debt? I think it'd be great to invest into bitcoin and other currencies to a point where I can be out of debt one day. Do you think cryptocurrency could make that happen?

If we are able to save and invest well in life, I believe with time, we can pay for our debt with the use of the gain we make through crypto currency, but we need to invest well.

 

[eLdavis]

Exactly! And i have seen many people that have invested a lot into cryptocurrency at the wrong time in the market and have since lost a lot of money. Right now i think that those that invested at the peak would be happy to just break even.

Like I once made that mistake some months back. I invested into Bitcoin but the price was dropping and at that time, ripple was going up, I decided to sell my Bitcoin before it goes down more and invested in ripple but to my surprise, ripple dropped badly the next day and Bitcoin started going up lol

 

[BrolySSJ]

Like I once made that mistake some months back. I invested into Bitcoin but the price was dropping and at that time, ripple was going up, I decided to sell my Bitcoin before it goes down more and invested in ripple but to my surprise, ripple dropped badly the next day and Bitcoin started going up lol

This is what happens when we tend to panic, and we sell our coins to buy others as well. I have fallen in this trap as well. The best is to hold it for a long period of time, because there is a good chance that its value will rise in time.

 

[GoldenLady]

Do you think cryptocurrency can one day bring us all out of debt? I think it'd be great to invest into bitcoin and other currencies to a point where I can be out of debt one day. Do you think cryptocurrency could make that happen?

If you want long term investment look at Bitcoin. However I believe most 9in deny would prefer to settle it faster and it's only altcoins, especially those with low market cap that make the massive returns now.

 

[btaliat]

This is the goal of everybody expecially crypto users. We all pray make we experience the increment in the prices of crypto as it did in 2020 around April.

 

[tyrim88]

I think the reason why we invest into any venture is to be able to among other things to take care of our welfare and save for an eventualities,and cryptocurency can actually help us to do that,because it is a profitable venture with value appriciation over time.

 

[Abigael]

If you use cryptocurrencies in a way that they bring you profits and better income then you will definitely get out of debt. You just have to sit down and learn about them before using it for your earnings.