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.
Will cryptocurrency bring us out of debt?
- Thread starter Grant
- Start date
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
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.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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.
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....
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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.
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.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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
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.
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.
Post automatically merged:
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.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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.
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
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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.
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.
Bizdustry Advertising
In-Conversation/Thread Advertising - Click Here to Advertise
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.
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.
Newest Directory Listings
Expand your business scale with over 200 million clean IP addresses, stellar features, and affordable prices provided by 922S5Proxy.
WWE Hub is a discussion forum for all things wrestling! Share and chat with other wrestling fans throughout the world!
ABCProxy is cost-effective, ethical residential proxies network!
Similar threads
