• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Will cryptocurrency bring us out of debt?

  • Thread starter Thread starter Grant
  • Start date Start date
There are no guarantees with crypto currency but still the possibilities are limitless, this could be so in the future no one can tell so fingers crossed on the developments coming out
 
Just like in any other venture that has the capacity to improve the financial rating and standing of an investor,trading in cryptocurency can actually increase ones revenue and income.And the good aspect in it is that,it can happen so quickly.
 
Yeah I think people would surely come out of debt , because there would be a time when more people would actually put interest in investing in cryptocurrency and get more profit then repay their debt
 
Of course yes, I believe that many people can become rich through cryptocurrency for sure a lot of people had become rich in cryptocurrency trading.
 
One thing I believe is that cryptocurrency has the potential to empower people. It would definitely bring a lot of people out of debt, I can't say for sure though when it comes to a nation. What makes it so great is that it can happen in the twinkle of an eye.
 
Of course it is possible for one to become rich investing in cryptocurrency but we should also remember that cryptocurrency is volatile in nature so one has to be careful of the amount committed to crypto investment. That is one should stake what one can afford to lose. That is just my opinion.
 
I think crypto currency can help people clear their debt because there is nothing that gives profits as much as crypto currency gives. There is nothing that can become $180 in 8 months from mere $1.28 just like Solana.
 
It depends on the cryptocurrencies wanderings: if you buy cryptocurrencies when their values is low and sell them when the price is to the moon, it gets possible to fast quit debts. Unfortunately the cryptocurrencies wanderings are unpredictable (at least, not accurately predictable: various predictions use to fail cause unforeseen events). It also depends on the kind of cryptocurrencies: the so called shitcoins look like they couldn't have a future (at least, some of them).
 
Every now and then crypto currencies are going to moon. For example in the beginning of this year solana was $1.28 and how it is $180. If you had invested n solana in January, you could have become very rich at this moment.
 
It is very possible,I remember when Bitcoin was almost free those who bought it for nothing, became millionaires during the lockdown when it's value skyrocketed
 
Grant said:
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?
Click to expand...
Yes I believe that one day crypto currency will make some people rich. Like for me as an example. I had dogecoin that don't worth $1 but now the dogecoin worth more $100
 
That's possible, people tend to invest in new crypto after adequate study and I notice that they get large return on investment due to the coins boosting performance
 
yes I think so ,more people will come out of debt because of cryptocurency,crypto currency helps allot of people in terms of business and also in terms of meeting up with there needs,I think crypto currency will bring people out of debt
 
Grant said:
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?
Click to expand...
Most youth now focus on cryptocurrency, everybody knows that the only job available for youth in my country are mostly online job, since most people are into crypto there is every possibility that it will bring out this country from debt
 
If you had bought 10 Solana for $12.8 in January, in the beginning of September, you could have sold your 10 Solana for $1950. You would have made $1937.20 profits in 8 months. You would be able to clear your debt under $2000.
 
I think some of us may have heard the story about a 17 year old boy who bought bitcoin and ten years later was now a millionaire, such a person can never be indebted to anyone, a country can choose to invest in crypto and be rest assured to get out debts too
 
Crypto currency is not only making people rich. A lot of scamming also happens in the crypto currency word. According to a research British are losing millions of dollars due to crypto currency scam.
 
For sure. It's very certain that crytocurrency will grant liberation to many people . Take for example the 5k naira worth of ETH that I sold last year September now worth 110k naira this month when calculated
 
If crypto currency is legal in your country, and if you have funds to invest, I think you can earn really well from crypto currencies. However, you need to be patient and wait for couple of years
 
Crypto currency has helped a lot of people financially,when Bitcoin hits it's highest a lot of people became millionaires.
 
You must log in or register to reply here.
Back
Top