Will cryptocurrency bring us out of debt?

[Hasan95]

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?

Cryptocurrencies will impact the next economic revolution, but not the way most people think it will. Cryptocurrencies will become a safe and fast way to store wealth with a reputation independent of any central authority. It may take a few years, but I believe the blockchain will change the world.

 

[Setho]

The thing about cryptocurrency is that it can make you a lot of money and you can also lose money from it so while some people can go out of debt some people will endure debt

 

[Tracee]

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.

It also has the negative effect too, as it's empowering some it's recking others, so the difference is making wise decisions and study the market.

 

[Elfinito]

My answer would be yes, a lot of people borrow money to invest in crypto in they gain much profit from it to pay back their debt and still have enough money left to continue trading

 

[Jhayms07]

Yes . Crypto currency has really helped a not of lives to be sincere. It has made People millionaires and taken them out of debt. But at the same time ,it is has out some people in it ,as they did not do proper research and just rushed into it

 

[Elfinito]

Crypto can only save the country from debt if the government is wise enough to invest some revenues into crypto.
If you do not make an investment in crypto then you cannot gain from it

 

[Sotherefore]

Crypto can only save the country from debt if the government is wise enough to invest some revenues into crypto.
If you do not make an investment in crypto then you cannot gain from it

Well this is under probability because cryptocurrency is highly volatile asset that may not be able to give people good amount of money within a short period of time ,it is something that one have to consider to invest for a long time.

 

[Kubiat-Abasi]

Crypto trade is the way to the future but it is also a way to doom if you're not a veteran in the field. It will help more people be debt free no doubt if you know your way around the clock!

 

[Sotherefore]

My answer would be yes, a lot of people borrow money to invest in crypto in they gain much profit from it to pay back their debt and still have enough money left to continue trading

I know a lot of people do borrow money to invest in something they don't really understand but inasmuch as this is a risky investment I don't advise people to borrow money and invest in cryptocurrency.

 

[Justin]

Before you can pay off debts from the profits you earned from crypto currencies, you need to invest a lot of money in crypto currency. You also need to wait for many months, if not years, for the price to go very high.

 

[Kaffyfolla]

It depends on kind of coin youn invested to, there are numerous coins outside and if the research is not done before buying them you may loose the money

 

[tyrim88]

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

I remember way back in 2013 when i had the oppourtunity to invest into bitcoin,then i did not really know the use of this coin,but latter when i started seeing the value appriciation and growing acceptability, decide to go into it.

 

[FreshKaz11]

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?

Well all I know is that we all can't be rich through cryptocurrency because we all are not investing on the same cryptocurrency coin so it won't be possible I guess since we all can't be happy at the same time though.

 

[Trexxxy]

I think people will get rich from crypto, however, I think more people will go into debt because of crypto, people who are not careful and are just making decisions based on someone's else success.

 

[tyrim88]

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?

Cryptocurency is just like a normal curency because of its value,most persons are using it to do real transactio converting it to fiat curency and solving needs.

 

[07Trinity]

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?

That's the conception most people have when it comes to investing in Bitcoin,they see cryptocurrency as a poverty elevation program and this in turn influence their pattern of investment.

 

[Nomad]

If you invest in a coin that can be bought millions for just $100-$200 and if the coin gain value by 1000-2000 percent in 1-2 years, you will become very rich. This has happened to many people.

 

[joy101]

I don't really know if cryptocurrency can bring people out of debt, but if one can really make use of the investment very well I think it really do.

 

[tyrim88]

Yes . Crypto currency has really helped a not of lives to be sincere. It has made People millionaires and taken them out of debt. But at the same time ,it is has out some people in it ,as they did not do proper research and just rushed into it

Cryptocurency has really helped a lot of persons to be on their feet once more,since the pandemic came,a lot of jobs has been lost and most persons took solace in the trading of cryptocurency and it actually paid off for them,and some of them have taken it to be their permanent source of earning.

 

[Nomad]

These days shib coin is growing big, Just a couple of months ago, you could buy 5 million shib coins for just $40. If you had bought shib 3-4 months ago, you could have made a lot of money now.