Presently on hive, I have seen how many people complained about increase in price of food, rent, cloth and almost increased price of everything and the funniest part is that the salary in not increasing, the minimum wages is not increasing. The government is not helping in this situation instead, the problem and bills keep piling up.
Nigeria for example, this is the major problem we are facing, local foods have already increase in price 3x and imported foods almost 7-8x. Naira against dollar keep increasing everyday and the minimum wages still remain the same. Since last year each time I went to market there is always price increase. Even if naira/dollar should decrease today I don’t see most of this price going down.
The truth is the world is changing and people are already changing with it. Things that matters like food, gadget that are useful are already increasing in price because market are now placing value on things that are important. Meanwhile there’s no any form of increase in salaries which making it difficult.
Bitcoin will make the difference.
Bitcoin can solve the problem because it is adding extra everything which are, extra money, extra income, extra way to save and less stressful way to earn. The problem is not always about the increase in price, the problem is always how many people can afford it. I know even though the price increase to roof some people will still be able to afford it.
There’s nothing bad in having multiple source of income and btc provide extra money to support your daily expenses and pay your bills. Investing in btc and still doing your day jobs will definitely help in any country. What’s makes bitcoin different is that does not discriminate, he does not look at your story, financial status or where you are from before you started earning passively. The network is there to help both the poor and the rich. It never too late to start bitcoin journey at any given time.
Thanks for your time.
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I have to agree that prices won't be going down for items even when the supply chain is fixed. As for wage increases, I don't think it's very likely. The lockdowns definitely quite a bit of damage to the economy.
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It seems most of the sellers realize people are comfortable with this high price, maybe the economy will go back to what it was in the nearest future
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The hard part is having money to invest in BTC, with that in mind I disagree that BTC is helping, for me the true benefactor is decentralization.
Hive is giving a way of earning and the possibility to sustain oneself in countries with extreme inflation and low acquisitive power, that without having to buy any token first
!1UP
I join this community over 4years ago and have I seen so many people that started out with nothing and now having thousands of hive in there account. They have done very well for their self. Bitcoin pave way for many other crypto and helping now in our day to lives.
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How can I start that and can I invest through this community..
Leo is definitely a great investment and have invested a lot and I’m telling you is lucrative but not a financial advice
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True, BTC is an important side hustle, which could in time replace your main income, then your job becomes completely different.
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