Bitcoin Forum

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

I do not see bitcoin helping the world economy but rather it can help an individual economy. Obviously, every country will not legalise bitcoin but the individual economy that adopts bitcoin can push in a huge investment when bitcoin is down to get some accruing profit from investment when price go up.  By such profit, the individual country can better her nation and her people by providing more social amenities, building projects, factories and employment.

I will place my wager on Blockchain technology as the one that may revolutionize the World Economy and not bitcoin. Even the conclusion of the G20 meeting was that countries should engage with blockchain technologies and harness the tremendous opportunities blockchain offers.

Government debt and over-leveraged central banks are the biggest systemic threat. People like to point to commercial/investment banks because of 2008, but now they are far better capitalized. But over the same period, government debt has risen something like 30-40%.

I'll admit, the trade war rhetoric has me worried. It's been said before that real wars are preceded by trade wars. In the the 1930s, trade collapsed among nations. I don't think it's a coincidence that militarism and fascism thrived in this context, leading inevitably to WWII.


There can be job creation around Bitcoin and blockchain technology. As adoption continues, legacy services and pioneers alike will need to build and maintain crypto-interfacing applications. But this may not represent actual economic growth. We may find that companies like Robinhood, Square, Coinbase and others cannibalize the old guard entirely.

On a macroeconomic level, Bitcoin probably means a great redistribution of wealth from one group to another, more than anything else. It's not productive, just speculative. :-\

Countries can also benefit in a number of ways:

1) If the citizens of a country are making good money with their bitcoin investments, they will also pay more tax to the government. This will result in increased overall revenue for that country.

2) If more people become self dependent by investing in bitcoins, it reduces the work load of government. If these people do not earn anything, government has to spend huge amount of money as compensation package for these people.

if the millionaires made from bitcoin invest in factories that provide job to people rather than buying lambo than somehow economy will find a new blood as money in circulation and will adopt a trend to rise.

the world economy is sliding down because macro economy grows much bigger than micro economy that causes trade flow of goods is stagnant then goods become more expensive in the market.
Bitcoin can take place to help for this situation by growing investment and providing more employments. bitcoin has brought many millionaires into the world who can invest and create more job vacancies.

I assume that bitcoin can not improve the country's economy, where the country now does not take the bitcoin potential to benefit the country or its population advocated to adopt bitcoin, in fact much of the potential of bitcoin should benefit others. and without harming others is like destroying oneself.

The constant creation of new jobs leads to a crisis of overproduction. We are already producing goods more than we can buy. It seems to me that the mechanisms of self-destruction will be used in the production of consumer goods now. Nobody wants to buy new goods not yet broken the old one.

Bitcoin is a big help to the economy. Especially when there are big investors investing in here. There will be lots of campaign jobs that will help many people especially the jobless. The more it will be known to the world, the more will it progress and the more will become rich. Thus, helping the economy.

Bitcoin currently has no effect but in the long term may affect in the global economy.
It's like companies like Microsoft and Apple that have no value in the past and now can affect the economy.
Bitcoin suffers from some problems such as limited transactions, but after the implementation of solutions such as lightning network will be able to conduct global transactions and thus affect the economy.

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Why is the world economy is sliding down?
Because of the centralization, any collapse of any bank leads to an intercontinental disaster

We are not yet there at the tipping point. The signs of an imminent crisis are there - easy money printed by countries across the world sloshing around, asset prices at unbelievable levels, central banks thinking about raising interest rates (which could pop the bubble). If we do get into a depression, I do not think cryptocurrencies will help. They may help people preserve the purchasing power of people's savings, but we may not go beyond that.

Bitcoin has been observed as helpful to the Japanese economy by giving more people more income, and in turn, spurring their spending. More spending typically helps the economy. If such a simple and direct concept has been proven to work on a national level, I don't see why it wouldn't work on a global one. Much more people getting richer would be necessary to create an observable effect though, of course.

I have to say that it shouldn't really be expected to be capable to help the economy though. Bitcoin is just another currency, like the USD, and the USD isn't being expected to stop economic slides. Bitcoin just happens to be capable of creating wealth.

If like the Lehman Brothers, other big banks had to file for bankruptcy and weren't provided a "bail out" by the Government, then there's going to be a high chance of another Depression where in few banks that the Government feels that it can bail out with people's hard earned tax money and pensions, it's going to put people into deeper trouble and mainly the lower middle class and the middle-class are the ones to be affected once again. If Bitcoin were to be used as a daily driver for peoples daily transactions and a large portion of an economy starts using it, it eliminates the "Big Banks" from being the sole dependants for circulation of money. Most banks would then start to act as middlemen for loaning cryptocurrencies of their own. Bitcoin would need to compete with Banks and the private cryptocurrencies that they create. It would also have to become that "daily driver" where an individual would find value in using Bitcoins over fiat currencies or crytocurrencies issued by banks. Education plays an important role here, people should know that Banks are here with us, only because we value their services and that we pay them for it. With Bitcoin no one would require a bank account, people would still need to get credit and debit cards for Bitcoin (until Bitcoin becomes a primary mode of payment). Until this phase is achieved, Bitcoin would be helping the economy only by a very neglegible percentage. Recently there were reports of Japan's GDP imporving by a certain percentage because of Bitcoins wealth effect.

We are rising right now, in fact we are probably near our peak and headed for an inevitable recession. Boom and bust cycles are just that cyclic and they will always continue to happen. We busted in 08' have been booming since, and are en route another bust in the next 5 years.

Bitcoin may not be the ace of hope for the entire economics to be at peak again due to some coins who can be the rival of the said coin, tons of cryptocurrency incoming from the future trying to surpass the predecessors and the pioneers of crypto or it will be further upgraded and developed due to some circumstances we may not know the exact thing but the important thing that all the cryptocurrency are carrying is the blockchain, this would definitely the innovation and the breakthrough of the future no need for rush, step by step the economics will go to the moon.

According to me it is happening because we are not really good at our qualification we have knowledge but we are not using it at proper way, if we will use our internal power no banking and not other system will leave any effect on our economy, we need to be strong and financially indecent which is possible only by our own way of earning, today nothing is better than bitcoin, as it has given many opportunity to unemployed people to make money and to generate high amount of profit, bitcoin is helping our economy to be high again and to overcome the disaster given to us by banking socialization, bitcoin is better than this I think.

You miss the point, dude.
what I said is something in abnormal circumstances. read the post I qouted. how would it be overprodution, if there are many unemployments. Jobs are not always meant to produce goods, it's also services etc.

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I guess the main issue driving economic slowdown is lack of inherent growth. In past eras of american history, economic growth was as high as 10% in many years. Today the USA is lucky to reach 1% economic growth and in many years we experience economic contraction where our economy shrinks rather than growing. There is also a secondary issue whereby a good portion of what economists cite as representing economic growth are reflected by governments or banks adding increasingly high sums of debt to their own balance sheets. Most US economic "growth" comes from the financial or real estate sectors in recent times, which arguably may not reflect true growth.

Long story short, lack of economic growth coupled with stagnant wages for poor to middle class earners and cost of living growing at an incredibly fast rate all contribute towards imbalance which threatens to negatively affect stability. These circumstances contribute towards everything being overvalued and hints at likely price corrections and devaluation across the board.

Bitcoin could counteract these negative precedents by providing competition to banking and finance sectors. This increased competition provides incentive for banks to be more competitive which in turn fuels economic growth and results in a more efficient economy. Whatever value crypto currencies create also counteract our precedents of negative economic growth. There are also the jobs and money flooding into economies which are derived from crypto's market cap and growing industry.

Until the economies of the world crash bitcoin is going to be a threat that is not going to help the stability of the economies especially once it becomes big enough, right now it is very small compared to the size of the whole economy but we all know that will change and when that happens governments will try to take actions against it but by then it will be too late.

I think bitcoin can help the economy in the world but if all countries in the world have legalized bitcoin,for now I think bitcoin has not been able to help the country's economy around the world but helping individual economy besides legend in a country one must also have gadgets that will help them join on bitcoin,if they do not have a gadget how they can get to know and join on bitcoin that will help their economy...

It can be the technology behind bitcoin that may help and support the world economy and not the bitcoin itself. One of the factors fpr a sloggissh economy is inflation, which is very well taken care of in the blockchain technology by capping the maximum number of different cryptocurrencies. This  way there wouldnt be infinte number of digital currencies, for example bitcoins. This will help and maintain a value off bitcoin which will be reasonable today and tomorow aswell.
Also the technology of blockchain is in itself very advanced, safe, and foolproof to a large extent. If this technology is used by different nations in converting their paper money to digital form then that can bring tracability of the currency, accountability of the holder, and transaprency in the whole system.

Why would adopting Bitcoin provide economic uncertainty? What is causing that is the use of fiat money that gets printed more and more everyday without the consent of the citizens of that country. It is despicable and Bitcoin is trying to undo the situation that fiat currency has put us in.

bitcoin has no responsibilities about the economy since this community stands private and non governmental,but every people involving this cryptocurrency can do something to help every countries in different form of actions..investing and participating here can give us income that can be the main source of our profiteering,so the regular work that might be reserve for us can be given to others so the unemployment rate will blessen if may not be stopped.so in that part we're simply helping the economy to grow little by little.if this is the perception of every individual here then the world will be heal

Even a country where it looks like developed and well-maintained owe large debt in some countries for sure and because of the accumulating debt around the world where just small percentage are getting paid slowly the economy would surely slide down. Bitcoin may be able to help since bitcoin is generated through mining and bitcoin is also getting accepted by many countries as payment the cycle of market can be prevented from falling any further.

Fiat money is not fair, governments can earn value only by print fiat money. The unlimited amount will makes  fiat money value goes down, but I don't say that bitcoin can solve this problem, the price of bitcoin it self is fluctuates everyday, sometime people get profit but sometime people loss money also. Bitcoin can help but it will not be instant, people should hold bitcoin in long term, it is always works. The safest way is hold gold instead of bitcoin. Bitcoin is to small to helpthe world economy.

I believe it's not possible to have stability all the time. There are always crisis times and people must be prepared to pass through these difficults decreasing the impact maximum as possible. What happens with centralized systems, is that governments do maximum as possible to decrease the impacts on short term, manipulating the economy, not letting it be natural, as it should. On long term it becomes a snowball, bringing the problem back in larger proportions.

There are many factors influencing the economies, and they are different in each area of the world.
If Bitcoin can help or not, I don't know, but those countries which have more access and investments dedicated to technology's sector are in better conditions to overcome the difficults and boost their local economies than other countries that are only importing technology from others.

Helping the individual economic status is helping also the world economy. When the financial situation of a certain person is good or in bad, well it can affect also the status of the economic level of a certain country as well. A that is based on my observation in our country.

i think bitcoin will play a big role in the econony and financial system if the infaltion rate becomes toi high for a certain country and its happening now the inflation rate is higher than interest rate in the banks nowadays, where as digital currency is on the opposite the deflation, this people will shift to digital currencies and paper money will be less worthy, but this wont happen anytime soon but it will.

Bitcoin could help the some people to out from poverty and able to provide some good , but the world can't depend on the Bitcoin, in order to used Bitcoin, it will need electricity, gadget and internet, which is not available in some poor country, and Bitcoin only can help small part of people, as not all people understand about Bitcoin, the over usage of crypto could be a threat to economic stability but, now the government has taken prevention step by making regulation, so I think it's safe

Agree with it bitcoin can't make any big changes in the economy of the world because the value of bitcoin is transferred from some other currency so it doen't make any new value so the economy will be same always.but it can help the individuals to increase their standard of living.

Bitcoin has joined others internationals trading instruments and it has started be sentimentals to news like stocks, commodities and forex and that is good for the market. The sidelines is like a circle repeating itself from what actually happened in 2008 and I believe we are going to recover from this.

World economy is going down because there is not an equal distribution of wealth but with bitcoin it gives everyone access to the currency no matter what part of they world they are in.

I do not see that bitcoin contributed to a whole world of economy but rather it can helps its individual economy .obviously every country will not legalize bitcoin but the individual economy that adopts bitcoin that can also pish a huge investment when bitcoin drops to get most profit accenting from my investment where the price goes up. In a profit the individual country can better be with the nation and with people who provide more social amenities to the building project , companies and all employment .

If only the government will recognise the potential of blockchain technology and the mass adaptation will occur this will help the economical structure of one country. But that is the problem within, the acceptance by the society and the agreement from financial sectors is badly needed to achieve such milestones.
Let take Japan as the example, they’ve legalized it for sure they’ve found out of its helpful benefits on their country.

Actually bitcoin was created when all that happened, so there is a causality. I think they will be very beneficial for the world economy.

That was mostly dreaming of bitcoin users that may our country open their eyes that make legalized bitcoin, if you are looking for the bright side of bitcoin it brings to us a very helpful way in terms of the financial problem. But all of these are taking a long process because as of now our government I guess they are observing bitcoin in what makes good in our society. Just like what here in our country my governments did not declare bitcoin is legal or illegal they are quite on this, so, maybe they observing right now.

When we are talking about world economy than bitcoin worth is 0.054% of total world income till now, It may be very effective if it is legal through out the world. currently some countries like Chile, japan , Germany , US and many more but still there are countries crypto is not legal. It is sure that in future world is going to adopt crypto as a legal tender than trading between two countries can become trade loc like EU nations has right now.
So we can't neglect crypto potential.

Yeah. Most country now is in observation mode and may resorts in more talking about this latter developing technology. In time, this dream by the bitcoin user with the support of each and every future investors will make into a reality. A world and each country secondary currency will emerge in the name of bitcoin. We do have the same standing about it, it isn’t legal nor illegal in my country, but regulation are being drafted for the protection of each investors.

What makes you think that the world economy is sliding down? Of course, there are many countries where there is unemployment, corruption, a weak economy, etc., but there are countries that are developing in all directions and who are doing well. If we take bitcoin into account, then at the G20 summit it was decided that bitcoin does not threaten the world economy.

Bitcoin does not help the world economy but individually is very helpful.Although the government does not legitimize bitcoin but the economy is slightly helped by bitcoin. With technological advances, people will recognize bitcoin.dan will change lives for the better.

If we try to view the situation of bitcoin towards the balance of economic contributions, bitcoin has already a huge contributions of economic growth because of the people who earn from bitcoin business, we cannot see on how bitcoin paying taxes to the government, but with the instrument of the living people who earn money from bitcoin, the economic situation would benifit also on the peoples money which earn from bitcoin. And I'm hoping, that by way of bitcoin business, our economic world, would strongly grows forward.

the economy in today's world is so unstable that so much competition between trade and the arrival of bitcoin currencies on the internet helps the real world economy for those who know.

That maybe the case but let’s look at the changes it can bring into the lives of those who invest in bitcoin. Isn’t it true that bitcoin has introduced millionaires to the world? Many individuals who were rejected by companies are now making money due to the bitcoin opportunities. This shows that bitcoin can improve the living standard of its holder in a very dramatic and fascinating way. Bitcoin is all about economy and when the economy of an individual improves, country’s economy also improves.

I agree that the world economy is sliding down - wages are stagnant in the US, UK and much of western Europe, China is having problems selling so much stuff to the west because there's no money there. I think the value of Bitcoin will rise as the value of fiat currencies go down. As always the best advice is to hedge - own some fiat, some gold, some Bitcoin.

Nice point. Diversify your investment portfolio as commodities / crypto currencies / fiat money. But not only Bitcoin, you can buy other promising crypto currencies that fell down at the current times.

I think that the world economy is sliding down due to geopolitics. The powerful countries rival on the diplomatic arena and protect their markets from the enemies, therefore the volume of transnational trading decreases. Probably, this factor gives a negative impact to the world economy.

Countries engaging in blockchain technology would not change anything. Whatever they come up with will still be controlled anyway. No government like the idea of decentralization and that is the main reason why most of them would still end up with centralized digital currency anyway.

This is the reason why the economy is the way it is and that is really going to always affect a lot, so as far as I am concerned, I would always say yes to decentralization and those who accept will soon find out why they should.

Maybe bitcoin will end up being the safe heaven once we start seeing an economy meltdown, who knows. As it is, it looks like the safe spot even with the trade wars going on which by the way it is already affecting my own economy and I am happy this is even happening right now, as this would make people realize why they should not be holding fiat.

Worlds economy dont depend on bitcoin because wco omy depends on the government one country have they are the one responsible in boosting their economy they must fight drug addiction, poverty and unemployment also over population to have a good economy while bitcoin can help only people in their financial problems through investing and working on their signature campaigns.

Just read the newspaper today.. and again our government has release a warning.. they said "It is dangerous to invest in Bitcoin"
screw them..

No, just the opposite. Bitcoin is the only cryptocurrency that can penetrate the monetary 'Field Of Crisis' very quickly especially in economic and financial terms. Not only that, there are other functionalities that are very interesting and can be utilized widely by the community so they are readily and easily understood 'the design is similar to gold but has a volatile value', this is what makes the popularity of bitcoin increasingly favored by the wider community in the search for luck, BTW this at least can reduce unemployment.

Bitcoin can be a major actor, an additional threat to the country's economic stability, but it could be otherwise. It all depends on the 'thinking power/thinking' of each country's government.


Be careful it is a new scenario "FUD". You should ignore this news. Which country's newspapers are you reading? ...

the precise need for our lives, the demand is fulfilled, and also the unmet demand. let alone now the number of people is increasing, and need for survival. because Factors that affect the weak world economy from the demand side, big country economy is still a consolidation process that causes commodity prices have not recovered due to weak demand. this is very influential in our lives. we can see the country of china, they are now become the largest economy producer in the world. Although China is a producer of the world economy, but we see how the survival of Chinese society lives. there are many who lack work, and this is a major factor to fix it. bitcoin has an opportunity for all of us in the search for income, and proved to be a lot of people who play bitcoin get successful results. not just from the easy to get results, but the system used bitcoin is the perfect technology for now. a system that can cover all the economic needs of society, as well as good deals to improve the weakness of the transaction.

Of course they're going to say that, what do you expect? Do you think they are going to accept that bitcoin is a better currency and that people should adopt it and stop using their fiat? They are doing the best they can to slow down bitcoin until they can think of a way to destroy it but there is a terrible news for them they will never be able to destroy it so the adoption of bitcoin by the general public is almost inevitable.

What I believe is that government might feel insecure for Bitcoin has the ability to alter the exchange rate of a country which is alarming because a country will never desire to lose control of its instrument via which it can control the appreciation and depreciation of its currency. Moreover, Bitcoin would never be able to replace the fiat. It has the dominancy in the virtual world but fiat is the king of the real world.

Yeah, it all depends on individual. As the whole global economy is battling with their fiat system, we are safe in our own decentralized system and really, this would definitely open the eye of so many people right now with the way things are going to be changing in the long run. However, for country that may really accept the usage of bitcoin, it may really help the economy in general since everyone may end up doing pretty well without having to get screwed by fiat.

The entire world economy is sliding down basically because of all the government nonchalant policies that end up draining everything. Bitcoin would only come to the rescue if they accept the idea of decentralization, but of course, we already know that is not possible. So, at the end, only those who are smart enough to filter out the rubbish fiat system from the real thing will be able to do well in the system that is ridden with looming issues.

I think, for now, bitcoin is only helped people first to be a new source to make money and bitcoin are not ready to be the world economy and help every country to solve their economic problem. but maybe in the future, when bitcoin is ready to be used by all countries, then bitcoin will unite them and gather all countries in one currency. maybe I am wrong about this but I think it could happen in the future since now the bitcoin user is from all of the countries.

The economic crisis has come from the decisions of investors when all the retreating investors will cause the financial crisis. Look at the fact Bitcoin does not help the current economy get better and instead, it negatively affects it.Because bitcoin does not bring many benefits to the economy and it causes many to fail rather than succeed.

bitcoin can be helpful when bitcoin can be used legally in the country. that way at least definitely bitcoin will lift the economy in the country to be better than ever.

I wouldn't say that BitCoin can help the economy itself rather blockchain! BitCoin is just one of perspective projects. For example, BitClave monetized decentralized search engine could disrupt the whole $550b market. I don't understand why people are so concerned about BitCoin mainly.

world economic are in the crisis situations currently because various of reasons such as high inflation, civil war or nuke issue but indeed we already discuss about this before that whether bitcoin able to help most people in this world or not but in my view it's difficult to do that because bitcoin can't get fully access for people in the world even some of them are refuse development of cryptocurrency

Because of technology behind BTC, that may really help/support the world economics, and it's not just for bitcoin.

at the current instability of the market, Bitcoin itself needs help, so the world financial situation is no longer in question. One can only assume how many investors lost when they began to invest after a decline in prices from 20,000 dollars per Bitcoin.

Bitcoin may help world's economy intrinsically, for example the investor XYZ by selling his coins may help "paper economy" by investing in a restaurant, estate agencies or other activities

Yes, its true that unless and until the infrastructure doesn't come in place then we cant do anything about it. For better opportunities we need out reach to most common and middle class people so that we can say bitcoin might just help in such situations. For now, I dont really think that there is anything great happening with the bitcoin neither it is helping us to get out of such situations. I understand that if crisis occurs in the world then bitcoin might just go down as well because it will be the first thing from where government will take the money out to help the economic situation to recover. Off course as that is the money which has been stuck out of the gird literally!

Bitcoin can't help global economy, at least not now because a lot of countries doesn't accepts Bitcoin as an official currency in their system.
For now Bitcoin can help the investor that chose it

More and more normal people have been getting into cryptocurrencies partly because they have heard stories from crypto fans. Information about crypto opportunities spread rapidly all around the world.

I don't think with bitcoin will be something great and good in future, now the time for the Altcoins, they will change cryptoworld in future

World economy is falling apart because of bad choices and because people who are on the top of it doesn't care about people's problems, they only want to keep doing what they always did in the past times.
With Bitcoin this could end, but this is actually an utopian dream, our society is not ready for Bitcoin

I think the increasing population world wide is increasing pressure on avialbel resources and jobs are also scarce. This is making economy go down.

The world's economy is cyclical and has experienced many cycles in the last one hundred years, and encryption has only a tiny fraction of the world's economy, which does not play any role in the recession.

When you speak about the 2008 fall, Lehman brothers, the housing market etc. one of the main things that caused this collapse was shady deals and bets and inefficient accounting and accountability, no one was really paying attention to the sh*t that was actually going on, all they were interested was in the future potential returns. So with blockchain (the transparent ledger system) itself rather than bitcoin has the potential to make the "economy"better, shady and unaccountable stuff would be reduced and we can have a cleaner system which give a more efficient system. In terms of cryptocurrencies like bitcoin where I see it helping the economy out is with lower fees and less middlemen, which means cost savings in transfer which means more disposable income for the individual(s) which means either more savings or spending which results into a more stimulating economy. That's my two cents... ;D

I don’t think Bitcoin can help the world economy in anyway, the only thing it can do is help the individuals that invests their time and money into it. Bitcoin can even pose as a threat to some people who are not smart enough, cause the price can be manipulated; to be sincere, it could.

We all do say that bitcoin's price rate is determined by the rate of investment, but when someone brings up that the price can be manipulated through that way we all denies it, while it’s true, just because we are afraid to accept the truth. Someone can invest a huge amount of money and make the price to go up to a very high price just in favor of them.

In order for bitcoins to help the world economy, it is essential for everyone to help in the trade of goods. I think the economy is going down because people are getting greedy. There are big people who is taking control of supply that will probably put prices up. people are into buying cheap goods and yet to accomplish these, we have to sacrifice quality. Most importantly, innovation has become less and less appealing because it all became just about the money.

Well, the chances that bitcoin completely replaces fiat are low, however the time will come that for some people, probably people like us, bitcoin will be able to replace fiat to some point even to the point that will never have to use fiat again, and that is powerful, because bitcoin has the real potential of becoming a currency accepted all over the world.

The world economy is declining because of less than optimal human resources.
Reduced natural resources also affect the decline of the world economy.
Bitcoin can help improve the world economy by expanding the economy by mining it.

If the economy begins to collapse, from an overabundance of printed dollars and a huge US debt, then no crypto currency and technology blockchain here will not help. Bitcoin and blockchain can ease the course of the economy, but only the government and the people can get it out of the abyss.

I think that there is no way for bitcoin to help the world economy from sliding down because if bitcoin can help an economy to improve then a lot of countries are already adopting and accepting bitcoin because it is a short cut for them to improve their economy but until now there is no country that fully maximize bitcoin and prove that it can help a sliding economy.

Interesting question, well I don't know exactly is bitcoin possible help the worlds economy. because bitcoin itself is more liks to the advantage of individual, unless maybe in any country have a large bitcoin investors and with large amounts as well could help the country at least to create work field from the result of bitcoin or they can cooperate with the government in those country to solve the economy.

Well if bitcoin can help individual financially, then he/she will have purchasing power in which he can spend it all in his native country stirring the economy. Right now there are a lot of jobs related to blockchain development opening doors as well for countries who have a good IT industry. Another good case study is remittances, most Asian countries have a lot of workers oversees, and remittances is one factor that is driving growth in those nations. And with crypto currencies more convenient and secure and fast to transfer compared to traditional wire transfer, it makes sense for them to used it because its less costly as well and the funds are easily transferred back home resulting to their love one spending it on their economy.

Economy for your country might be falling down but my country definitely is among the fastest growing economies of the world. Unless a war starts, I don't see the world economy falling down. Bitcoin is definitely the future of this world and over the time when the adoption increases, we would be able to see how it benefits the economy. As of now, the early adopters are definitely getting richer.

Yeah, it is simply more like restricted to individual usage but in a way if it is adopted on a large scale, in this case, let me just say country as global economy is pretty large, then I would say it can have an effect. Let's take a look at Zimbabwe where everything has been turned upside down due to corruption, the currency became a joke and it got to the point the citizens are just trapped within their own system.

Although, bitcoin came to save the world for them, and this is the main reason why the adoption here is growing hugely and people get to use it in real life, most especially for international transaction which has made the demand shoot up the price even more than the global market.

bitcoin won't do any help. you see rich becomes richer and poor becomes poorer. government should be the first to help their people but many of them receive help. greed for money wanting to earn millions or billions and this result to some officials being corrupt. well if only billionaire can share some of their money that just sit there idly.

Agree. In the situation that world economy sliding down, bitcoin business may in great helps for economic growth because people who are users of bitcoin getting growing and growing worldwide and investment through the use of bitcoin is in widespread throughout their communities. They really get huge income through their great knowledge of bitcoin investment. In this situation it might be that investors in each countries are the people who are successful of cryptocurrency business and doing their investment that potentially contribute good economic results to their country that will help growth back strongly.

I do not think that bitcoin investment should be considered as an alternative to job. Any unemployed person should focus on getting a real job instead of these temporary solutions.

But were talkin world economy here,and as we all know that only few countries had putted tax on their people that using cryptocurrency..more country are still had nothing to imply about this.

The best thing crypto can give to help world economy is the works or jobs it can offer so this may lessen the unemployment and if the employment increases the economy will stabilized

World Economy slide down because there is a scarce resources to the unlimited wants of the people. The government can't solve the continuous growth of the population and in result, the world economy is suffering from scarcity.
Bitcoin can help the people in terms of financial stability but it can't solve the poverty throughout the world.

And the chances that when we get to see the world economy crumbling, people will tend to see bitcoin as a safe haven eventually is high which explains what is going on in Zimbabwe and Venezuela. The potential is huge and the fact that it is decentralized makes it even more enticing.

Yeah, I would not say it is going to be replacing fiat as governments would not allow that, but at least, for those who are smart enough, they will understand how bitcoin is really going to be helping in a huge way.

High or low community life depends on the economy. If people's lives are high and in accordance with what is expected by society then this indicates economic growth in the country grows well. Likewise, if people's lives in the country are low, such as starvation, poverty, a high crime then economic growth in the country is low. This indicates that the economic system in the country is not developing, only the rich and the poor will get poorer.

Many factors the economic growth cannot evolve, including high levels of disturbance, inadequate education systems, and the government can not regulate and cannot innovate to control the country's economic stability. They only focus on the concept they have without any movement.

People need to think critically to deal with their economic problems, looking for jobs that are not regulated by the government. Because if the work under government authority will be much cheating like nepotism. Therefore bitcoin can be a solution for people who do not have jobs, investing and trading can help the economy grow. Even if he is successful, he can create a business and open job vacancies in that country. If this way works then it will reduce unemployment and poverty in that country.

what I see here is, bitcoin helps the economy of the people who use it. because they can get the benefits of bitcoin. so they can meet their daily needs and pay taxes on a regular basis. this indirectly reduces the burden of government work, but does not increase or improve the government's economy.

but before bitcoin helps them, they need to know and need to learn about bitcoin so they can use bitcoin to solve their financial problem. the world economy is sliding down because the government doesn't concern with their people live and they still corrupt in any aspects so they don't care about what is going on in their country. and if the government thinking about their people and do something to solve the economy in their country, I am sure that the economy on every country will be better and in that time, people which already learn bitcoin can take the benefits of bitcoin which is made more money so they can have another source income for their life.

Bitcoin can give a authorized to the person who are willing to join bitcoin or wants to have a account without paying any money to create a account jn bitcoin, bitcoin can help risen the economy by lessen thw unemployed and poverty of the country, by that bitcoin giving a chance those people to earn money and if the bitcoin give that a chance the chance of risen the economy is a big percent.

It seems to me that the government can do nothing with the economy in order for it to develop. There is a crisis of overproduction in the world. The population is increasing only in poor countries but they have no money. Why invest in real estate in developed countries if there is a shrinking population? And so in all sectors of the economy. I'm sorry to hear that, but without a global war and devastation, the economy will not recover.

The major reasons for the world economic slowdown are increase in population and unemployment. But I don’t think so Bitcoin can help this directly. A huge population of the world is still not ware about the cryptocurrencies. The governments are not even ready to accept it and legalize it. So we cannot expect Bitcoin to do much for the economy. All it can do is fulfill the financial needs on individual basis.

Bitcoin is not intended to lift up the economy, nobody can save it, not even the riches bitcoin holder, the present economy is a product of a domino effect from which bitcoin cannot stop, what bitcoin can do is help an individual to survive that poor economic state, by giving the opportunity to earn without the control of their govt.

Tax is the main reason why a country suffers from economic downfall. Since bitcoin is decentralized, bitcoin holders are breaking free from that barrier, that is how the wolrd works, nobody can stop poverty, each person must survive it by themselves.

Its normal for the world economy to slide down sometimes because banks and stock market are being affected by different occurence in the world so we can expect that economy is also volatile and it will not always grow up.

maybe in the end and for solving the problem, there will be a global war and many chaoses that will happen in everywhere and people need a change and they want the government to do something. every country has their own problem and I think every government will find a solution to solve the problem. and if they think that bitcoin can help their problem, they will start to use bitcoin and they allow their people to find new ways of making money from bitcoin like what we are doing right now. we know that bitcoin can help many people especially for the individual but the problem is people hear much bad news about bitcoin and they don't think that bitcoin can help them. and related to this, if the government really concerned with their people, they will give a statement that people can use bitcoin as a new way to make another income for their life. the government will open some classroom everywhere and they will teach people to believe, follow, and to use bitcoin because bitcoin can give benefits to them.

Truly,Currently global recession is there and economy of state weak inflation rate is increasing. Bitcoin can contribute as a positive indicator of economy,Bitcoin encourage to employ manpower and save expense upon fiat money process. There are countless factors of Bitcoin which can help to groom the economy.

I want to believe bitcoin would mainly serve as a haven for those who may have been tired of the way things have been going. However, if we are thinking about how it is going to be of advantage to the economy of a specific country, that is going to be dependent on the usage of it and how well the citizens accept and adopt it. The global economy is more like a very big picture to me, and that is something we cannot just expect bitcoin to just come up and solve.

If our leaders can embrace the truth, now is the best time to used blockchain technology in solving our financial problems. Bitcoin can help in time like this all we just need is the reduction in the cost of production of money in other to be able to strengthen our economic. Stocks market and currencies market are falling because we have no good financial systems and that is what bitcoin was discovered to help.

I think its because of the many superpowers, meaning the store countries that are controlling how the world market would go. Just like USA and China, they are always in a battle for power and control over the market because they want it to actually work for their advantage. Unfortunately, this affects other small and not so powerful economies because they can't stay afloat in the tide these superpowers are making, that's why, there are only a few countries that are going up and more going down. Bitcoins can help by way of diversifying the market and making investments more open to more people.

I do not think that we are facing any difficulty economically, there might be a slow down in the growth in some parts of the world but i cannot see anything that says that the world economy going down, if there is a market crash i expect many investment coming into the cryptocurrency market which could boost the price, other than that the impact has to be seen.

This is happening because so many government officials around the world only have book knowledge and no practical financial knowledge to manage an economy.This same people in spite of their in competencies also perpetrate corruption and keep money in foreign accounts to the detriment of the citizens of their countries.Now cryptocurrency is the way to go so that we can change the world economy together.

Bitcoin is definitely the future what we do not know is how big the impact of bitcoin is going to be, this is similar to what happened to the Internet people knew that the Internet was going to change the world but I think very few people imagined how deeply the Internet will affect everything that we do from our jobs to our social lives, and since bitcoin is something which is required in a society, a form of currency, it is very likely that is going to change the world as well.

What does mining bitcoin has to do with anything here ? Moreover, who said the world is dead of natural resources ?
The problem we have always had with the world economy is how they have used centralization to screw everything up right from the beginning and with bitcoin being decentralized, it is going to be solving a lot of things in the long run, most especially the masses who are able to see the main bullshit from the government right from the onset.

If we look into the past, mots of the times the world economy seemed like slowing down but some new innovations had stirred up the economy by providing new employment opportunities. From these, this time bitcoin may become another resources to provide such a stir up if whales come up with any new business ideas.

It because of our government official that they not do their right obligations in our country that's why our economy is sliding down,the one of the most problem in government is the corruption that affected money people so their have money poor people like my country, but in one day I hear about bitcoin that's why? I try to do this and that's way its give me a lot of things like its give me financial to buy anything I would like to give my children and to my family,bitcoin is the most valuable cryptocurrency that most of people work with bitcoin.

It’s digital currency and capable to create wealth. It can’t change the world economy its can just increase the personal economy. It helps to increase a personal wealth that impact we can see in a one’s country economy. But that has not much impact on the world economy. If the all country allow it as the second currency or major currency than it can able to sliding down in the world economy. Now it just helps individually person and the particular country.
It will be helpful for the economy if the government allow it as the major currency then it will help even it will help to increase the price of the currency. If the word allows this currency than world economy helps to compete each other easily that will be the major sliding for the bitcoin.

it is a common thing for the world economy to sliding down, there run like a wheel, sometimes at the top, middle, or bottom. bitcoin cant help about that.

The world economy sliding down because it is a big lie, I will like to say that they are just mismanaging the economy and that we the only thing that will need to do is for someone to manage it correctly but it is just a fraud at some point it is going to crash and a new system will need to be imposed and unless we return to a solid currency like gold then the system will fail again.

Never expect any country accepting the gold standard any more, there is nothing you can do to improve the economy, the only thing everyone is trying to do is to sustain the economy and bitcoin cannot help improve the economy but it will help in solving issues in global trade and commerce, you cannot call the economic policies fraud but certain policies have made a bigger negative impact in the market.

the technology of blockchain is in itself very advanced, safe, and foolproof to a large extent. If this technology is used by different nations in converting their paper money to digital form then that can bring tracability of the currency, accountability of the holder, and transaprency in the whole system.

There is nothing to deny that the world economy is not that much good as it needs to be and that there are so many people who are unable to make some income to feed their families well and that the situation is not that much good.

Bitcoin can help a lot and that to can help all the needy people in having a better living and above all, it can also help the government in making their economy stronger but for that the government need to trust bitcoin.

Economic problems are actually more complex than appealing issues that include small or micro-level issues such as monopoly, externalities and price rigidity that necessarily require follow-up and government intervention. The economic problem is more to the macro problem that exceeds the various micro issues.

Of course the development of technology will trigger developments in the economic sector as well, but as we know bitcoin is not a virtual currency or modernization technology that can't be executed by the whole society.

If the economy the world crashes it is possible that governments around the world will have to adopt the gold standard at least for sometime, I know that they do not like it because gold limits them, they cannot steal wealth from people through inflation tax, instead of raising taxes they can just keep printing money to pay for a huge government and they love it but with gold they cannot do that, but if they are forced to make a choice between losing complete control of the economy or adopting gold I suppose that governments are going to adopt gold.

I think every country has its own problem that affects its economic status. But as to how bitcoin could hep? I will say that it really has a big help to the economy. There are lots of people or citizens find their way to find an income here in crypto world. There are lots to choose from investements to joining a campaign for a project.

Warren Buffass is actually going to destroy his legacy. He is old now and when he dies, people would have remembered him as a legend. However, since he started talking complete crap about Crypto, he is now going to die and then when Crypto is wide adopted and used by billions, everyone will remember Warren as a complete dumb as*, that tried, and failed, to stop the inevitable revolution. Moreover, they will look back at his reckless and uneducated comments, and remember him as an old senile man.

You're being too harsh to Warren Buffett, I like many people in the forum disagree with some of his comments about cryptocurrencies, but you need to understand that no investor no matter how good he is, it is going to be able to predict with 100% accuracy every single winning stock, that simply does not happen, and if what you say is true and he is remembered as a failure, which I doubt it, I think that he failed even more at predicting that businesses like Google will get as big as they got.

If the government in a country has fully admitted bitcoin surely its residents can prosper because it can make an investment In addition,online business will be more crowded and make them easier when doing various transactions, especially using the currency this gital to condense the time and very efficient.

For me, our own people are the only one who have the power to help our sliding down economy because all of us are the only one behind this nation. We are the economy of this world, we are the only one who can save or help our own. But as businesses, we can't just simply conclude that it really goes down by just means of a month but we need to review and wait for the other month or time for us to know the real status of this economy. For businesses really fluctuates either it goes up or down. There are people behind those computation such as the profit of the nation. Profit of businesses is one thing that may help the nation, the people.

The world economy is declining because of its people who can not work well and honestly, and bitcoin only plays a supporting role to help those who join bitcoin or work to get bitcoin to improve their lives or increase income. so in my opinion bitcoin can only help individuals not the world and for those who have the zeal to get bitcoin in any way.

I don’t think Bitcoin can change the world economy in anyway. Well, my reason for saying that it can not change or revolutionize the world economy is because it is something that has to do with online, and not only that, Bitcoin is kinda dependent in a way; we invest our money into it.

Hence, the only thing that can bring change to our economy is what we do offline and not what we are doing online. I mean like how much effort we put in doing things online like farming, how we use mineral resources  and the rest of them.

Bitcoin does not affect the world economy in any way.
Exception of course can be the amount of money that was so invested in the cryptocurrency. Not a lot of businesses who invest with the help of crypto. :)

I believe when the time comes, the government will let go of their ego and hardness; as I see that the only hindrance is the bridge opening between the Cryptocurrency world and the government. When the union happens, the economy can be revived.

The economy is going down because of the mismanagement of the governments of the world of their economies, they are trying to make it seems as if that is the fault of someone else, there are many governments that are trying to blame other countries or immigrants about their problems and while that could be a factor the truth is that the internal problems of the economy of a country most of the time are provoked by their own policies.

I am not a financial expert, but I guess that Bitcoin can help to raise the economy of many countries. naturally, the poverty there will be reduced a lot.

Bitcoin is going to be a threat to the economy and not a way to help it, bitcoin will be great for individual persons but when people begin to realize that bitcoin is a better option than the fiat currency we will see a massive growth of bitcoin in a matter of months as the demand spikes, this will probably mean that countries will attempt to protect their economies and ban it but at that point it will be too late.

I think the opposite bitcoin I do not think will help much. When the world economy declines, people will ignore bitcoin despite reaching the trend. Because bitcoin is not a primary requirement, but only for investment needs.

Bitcoin is a safe haven asset, just like gold, but way easier to access and move. That you don't realize something so simple yourself tells me enough about your forward thinking capabilities. Some times I actually feel sorry for people like you -- you are trapped inside a system the government has set up for you. The main point of importance is that you have to make sure that you understand how everything works before the economy implodes, and take the necessary actions directly after that. Once the economy implodes you are too late to act. Bitcoin in my opinion is the best hedge, but gold is a decent alternative. Everything is better than doing nothing....

Economy is important of the country and people growth. So most of the country check the other country economy for launch the new business. So first check the country economy then start the business. So if need for other country growth information check the country economy then  get more ideas and easy to choose the economy growth country. Now bitcoin is help to people growth. So people will be growth country also growth. 

Bitcoin is not additional threat to economy stabilty and I believe we both know that bitcoin was created by Satoshi in other to fix the global economic crisis and to make people financial freedom which we does achieve that till date.
The problem we have now are the government because they don't want to bitcoin to achieve it purpose because they don't believe in change and they think bitcoin is a threat to their national currency.

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Well, I guess you don't read what the OP said every well because the OP is does not refer bitcoin as a threat to the world economy. OP point is crystal clear.

Cryptocurrency can help the economy of the country but still it will be depending on the government or people on where they are going to spend their coins because it can be also used it for illegal transactions.

I think when world economy slowing down, all currency will drop the value but not with bitcoin. Bitcoin can maintain our assets from inflation and bitcoin can increasing our asset value because bitcoin is good investment

Bitcoin can help economy to rise again is, giving unemployed people work and help the people in poverty stage to improve their economic status, people in the society can help to improve by having a job and its not hard for them to buy their needs and also if therw is a lot of opprtunity that can help people to have a job.

that is right, bitcoin can help unemployed people to start to work and get paid from the crypto but I am not sure that bitcoin can help the world economy since there are many countries that are not integrated their system with the blockchain technology (or they are not yet integrated). I think if the people can earn money from cryptocurrency, then it will give something advantages to them and their life will be better so I am sure that they can earn more money from the crypto.

Helping the individual economic status is helping also the world economy. When the financial situation of a certain person is good or in bad, well it can affect also the status of the economic level of a certain country as well.

The world economy is decent right now outside of economies that cause their own problems. For example, the US economy is humming with low unemployment, strong job growth and a robust stock market. Venezuela is in tatters because of their authoritarian government and failing socialist policies. These mistakes are avoidable and the damage is entirely self-inflicted. European countries that have responsible governments (France, Germany, Britain) are mostly in good shape. Countries with fiscally irresponsible governments (Spain, Italy, Greece) are doing poorly. Bitcoin doesn't help in any way, it's entirely dependent on the economic policies implemented by the governments.

The stability of worldwide economy depends on so many factors that are not related to cryptocurrencies in any way.

Does gross domestic product depend on bitcoin? No!
Does industrial production involve bitcoin? No!
Does the amount of goods and services produced by a country relate to bitcoin? Again No!

Bitcoin is just another branch of money-making business allowing ordinary people to earn their living.
But in reality it has nothing to do with the greatest majority of economy-forming businesses..

The work of cryptocurrency has increased a lot of job opportunities! Many people can work at home for cryptocurrency!
The cryptocurrency also promoted the production of many mining machine manufacturers, and also promoted the economic development!

The economy is not totally sliding down, the price in the market is based on demand and supply so you should always read speculations in order to determine on what will happen in the future.

I think the world economy is on a good track although this is not happening in all country. I think bitcoin can help the country only if bitcoin price increases higher and stable in one level price so bitcoin can be used for another source of income for every people. but for this situation now, I don't think that bitcoin can help because the price is down too deep and we don't know when it will increase again.

Decadence and Indulgence of previous generations (looking at you baby boomers, thank you for handing us a burning planet and calling it an healthy economy), planned wars and other agendas designed by high powered politicians and national shotcallers.

Its a sad state of affairs and im curious where it will peak before it gets better again, i hope it will happen soon so we can at least enjoy a few decades of living in a better economic situation.

It's completely different things because bitcoin just like gold as an asset.

Maybe blood diamond can help Africa but bitcoin is something else, something that must be investigate even further because for some government ,bitcoin is criminal money !

World's economy is based on $ and each $ is based on the crude oil price. i think Bitcoin will change these things once it gets accepted by every nation. The economy of the country and the world will definitely increase by Bitcoin and other crypto's since they have their own value and not determined by any social means or by any particular person or institution.

Bitcoin is going to do both, bitcoin is going to help and at the same time it is going to be bad for the economy, bitcoin is going to help people like us which hold bitcoin and use it as a way to protect themselves, but it is also going to be damaging for the economy since people will begin to realize that bitcoin is not crashing like their fiat and they will want to get bitcoin, this in return will make the price of bitcoin very high and some people will exchange everything they have for a minuscule amount of bitcoin.

I don't know about that many information, but my opinion is that Bitcoin have nothing to economy of many countries, they are opposite to each other. the money is going different ways

For these days world economic in crysis situations, currently its because various of reasons as example its high infaltion, civil war and others problems..

Bitcoin can help individual people , others dont know how to used it and dont know any idea of it , i dont think this can help to rise again the economy of the country .

I am not an economist so I can't specifically explain what is the real reason behind its fall. But commonly causes its down could be the adjustment of stock market which we can see some buy and sell of livestock which I think contribute this kind event. And I think Bitcoin involves about the world economy because we know it is not yet fully accepted and some economist definitely ignore about the contribution of cryptos.

indeed such a thing is very difficult for us to the current conditions, because the current conditions are very different from the previous conditions that make feel better than before. but since there btc conditions for the better.

Why do you think that world economy going down? It's a little bit remind me 2008 year, when it was really freefalling of economy.. Shock waves from Lehman brothers maybe was as main factors.

Bitcoin does not help the world economy but individually is very helpful.Although the government does not legitimize bitcoin but the economy is slightly helped by bitcoin. With technological advances, people will recognize bitcoin.and will change lives for the better.

Could be helpful but for individual only, if bitcoin is only for individuals, right? Maybe you mean the technology is not the bitcoin. If for technology I agree because it is not taxed, unlike the bank.

I dont know about overall world economy, but in my opinion, bitcoin can be helpful to every single person in their life, as in mine, when I earned enough to go study.

I think the government still difficult to apply bitcoin for the economy of the country because I think they still learning about bitcoin and blockchain technology and it's not as simple to apply with their system. but for individuals, I am sure that bitcoin really help them because they can make money from bitcoin. besides that, so far people can earn money from doing many ways and they can make bitcoin as their source of income.

Bitcoin can not help the world economy but can only help indivindu only and only those who use it .. bitcoin can help everyone without knowing what is most important to have high spirits and willing to work hard .. if it mitigates the country's economy, because the community will aided by bitcoin by the way the state is willing to accept bitcoin ..

As far as I know, only few coutries accepted bitcoin so far, maybe they just have wise enough people to handle and regulate bitcoin in their country...

The good thing about bitcoin is it knows no boundaries. This is more applicable on a globalized kind of market which is not yet happening now especially that those rich countries won't easily compromise their lead.

I think, for now, if in country at least 20% of people would start to earn from bitcoin and stop paying taxes, it will only harm the economic system, and not be helpful.

Every time we look at the current economic situation worldwide, we see a period of depression and unequal distribution of wealth and resources. But, it happen time and time again, solutions and corrections had been always made. Experts had been sitting on new arising problem. But, it is always the marginalized group of people supper the most. Bitcoin and the technology behind it, may change this cycle. Bitcoin is allowing the less fortunate to become successful in the future. It offers it s potential to almost everybody, including the poor.

It will contribute to promoting and rapidly building the economic structure of the entire financial system. Most economic sectors are interconnected to form a sustainable economic structure. Bitcoin also appears to make a quick change in terms of its digital technology. In the future it will do more than that.

I agree. If one single or individual economy adopts bitcoin the tradings of money, specifically dollars will help for the improvement of it. It might not be a big step but it's a stepping stone for improvement.

if the millionaires made from bitcoin invest in factories that provide job to people rather than buying lambo than somehow economy will find a new blood as money in circulation and will adopt a trend to rise.

I think bitcoin hasn't been able to help the economy grow. even today bitcoin does not have value for the economy, so where can bitcoin help? except if bitcoin can function for an item price, then bitcoin will be able to help because bitcoin will never be affected by dollar inflation.

I don't actually see bitcoin as an additional threat to the world's economy. I am certain that all the leaders around the world are watching bitcoin movements, most especially big countries like the US and because of this any effect if there is are always manage right then and there easily. Bitcoin usage on the other hand is not so high as of now which makes it under the influence of the movements  of the real physical economy. Not unless if in everyday or on everything we do we use bitcoin as a payment system or as a currency. So that, bitcoin as of this time is more often used for its utility and not yet widely used as the main currency similar to fiat. In my locality I have not seen so many stores yet that offers bitcoin payments. Only exchanges and some selected stores are really using bitcoin.

not everything can make the economy grow with only bitcoin trading, only people who have money and understand how to trade bitcoin that can make their economy grow, if you don't have capital and don't have money then you can't grow your economy in bitcoin .

there is no connection between the world economy and the Bitcoin each and every currency has its own path so definitely Bitcoin will not help to improve the position of world economy or anything if the government accept it then some changes will happen otherwise till now Bitcoin is not the reason for developing the world economy.

maybe blockchain can change their system, but bitcoin still can't be applied in real terms. in investment law how investors focus on increasing profits, and if funds from large crypto investors go into public business, many things will be balanced. the fundamentals between the two will still be measured through various conditions.

it is clear that if all countries want to use bitcoin for each trade between countries, they will avoid differences in currencies which are always an obstacle in trading. differences in the value of currencies between countries can cause prices in each country to be very different, if using bitcoin as a means of payment, the price difference that is usually caused by differences in currency values ​​can be avoided, this can cause smooth trade between countries. Bitcoin can also prevent the balance of inflation from occurring every year, as well as avoiding the pressure of large currencies against a weak economy.

I think bitcoin is only a small part of the economic downturn. As you have seen, the stock market suffered a pre-war disadvantage between the US and China, after more than 3 weeks, the price of Bitcoin was lowered by more than 50%.
But I think the whales have expected the bitcoin plan and price to be reasonable now.
Our crypto market is still quite small to be able to affect a large world economy.

Some economists predicts that the global economy will slow down this year due to the recent trade wars of China and US but it is also expected to recover in the following once the conflict is settled. Another factor that might affect the global economy is the possible slow growth of China's economy this year. Bitcoin can't affect nor help the world economy because it s not yet widely used like the US dollar. If bitcoin become a currency of a global scale then it will going to hurt the whole economy once it suffer a crash again.

Thats satire, I think that's a good idea, because the main problem with poverty is the lack of jobs, rich people are busy enriching themselves without making new jobs for many unemployed, but fortunately bitcoin is a little helpful because it gives jobs to many people

- Well, I also heard about the same thing because the trade conflicts are too much and that makes the world trade narrow, affecting the overall economy, although this may recover when this battle is over but the sad fact is that this trade war is showing many signs that will last, combined with political instability is beginning to rise, it has made the economy sliding down. Bitcoin really has no usefulness in this regard, it is still not legalized and even when legalized, its capacity is not enough to solve the global problem, even as you say, it can create more problems

Capitalism is the economic system that is killing the economic thereby affecting the world economy at large. Bitcoin is the solution as power is given back to the user. No government, organization or group of people control it. Bitcoin and cryptocurrencies need to be accepted and adopted to make the world economy better but the government is scared that power will be taken away from them

That may be the case, but it's not always true and accurate. It may be going down at some time, but it can also fast track and boost up at any given moment. That depends on many controlling factors, especially in the business, investment and trade sector, in general, between countries, especially those ones with aggressive economies like the US and China. If trade between these countries would not be active or if there are factors affecting the movement of trade like wars, it can surely effect how the world economy is doing. It can also be affected by power struggles between countries or government policies like embargoes. As for cryptocurrencies and Bitcoin, it can help by increasing the rate of how people transact a currency as it co-mingles with the traditional currency. The movement of assets it presents can be a booster to certain economies that allow it.

Capitalism makes many countries very dependent on taxes and binding obligations, although many have adverse effects, but the wheels of the world economy run smoothly to this day. I think the same thing would be massive applied to cryptocurrencies, bitcoin will be weakened by many altcoins which will eventually run the same as Usdt in general

According to economists, bitcoin is more resistant to inflation than fiat currencies. Maybe for developing countries using bitcoin in their financial systems can ease the burden of the budget which often lacks because their currencies experience inflation. As a result, they print money again and increase the inflation value.

there are some people who conclude the main purpose of Satoshi Nakamoto creating Bitcoin is to help overcome the problems of the world economy, because before Bitcoin was launched, the global economy experienced a very severe crisis, precisely the global crisis that occurred in 2007 before Bitcoin was launched. but because the legalization of bitcoin is very limited in every country, then bitcoin is not fully accepted by all countries. so that many bitcoin users concluded that bitcoin was able to help overcome the economy of the people, but not yet felt by everyone because there are still many who do not know modern technology in the form of this digital currency (Bitcoin)

maybe more keeping up to the exchange rate that is not too low against the USD and preventing the occurrence of hyper inflation, because bitcoin is not bound so that bitcoin can do that.

Bitcoin will not help the world economy to develop till the government legalizing it because there is no connection between the Bitcoin and the world economy so it could not help anything in any way to develop the word economic development.

of course that can change the economic situation of individuals is their own, to change the econiomy of a country must be done by
many people in massively and in fact today not many people use crypto or bitcoin to improve their economy ?

I don't know exactly the technicality of bitcoin helping the economy globally, but I have felt for myself how economic changes when I use bitcoin, are far more efficient in terms of making a transaction. Maybe some people or parties propose that bitcoin will be a threat to the global economy, I say that is true if various parties related to the world finances cannot cooperate with the development of bitcoin.

It is complicated, because the bitcoin has a value, many people see it in dollars, ejm: The Bitcoin is at $ 3800, now, if there is a global decline of the economy where the dollar, the euro and the major currencies of the world fall. Obviously bitcoin by direct action, will be worth much more than $ 3800.

Maybe it is a scenario that very few consider, but it is very possible that it happens, if this is the case, it would be establishing a slightly more active bitcoin market, since there are 21M of bitcoins, and there are many lost bitcoins, which, the intrinsic value of bitcoin that any fundamental analyst would study, can conclude that the value would continue to increase.

According to these considerations, the way in which it can help the world economy is that it is already commercialized with bitcoins, since it offers security, speed and is an incorruptible technology. In addition, transactions can be traced through blockchain.

The only weakness is that it is a totally digital technology, that is, if there is a global drop in Internet service, we will remain in the air, with a lot of money, but at the same time without money.(All this obeys my personal analysis with the knowledge that I have acquired so far.)

Bitcoin should not help the global economy. Bitcoin should help people get out of the iron grip of banks.

Improving the economics of individuals is the most obvious effect when we use bitcoin and crypto because this market as a stock market, we can take advantage of fluctuations to make money, in addition, we also have some activities to make money without investing money, what we need to invest is time. But after all, we can realize that bitcoin cannot help the global economy when it is not the lord of the world, law and government cannot control it and of course, it cannot control the government and the law, that makes it impossible to affect the global economy

Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.

Bitcoin can help because it provides income and good service .


Nowadays , most countries are now accepting/legalizing bitcoins  .  how much more in the future ?  Others will also follow the trend or else they will left behind


yes but alot of jobs have opened up just because of bitcoin . this why people mistaken bitcoin as a job or a job provider .


Do you forget that bitcoin is also a currency ?   But even if bitcoin is also an investment , not all who can afford it can only have the chance to have it because even poor individuals that do not have a capital can also get their hands on bitcoin via working  online .

The world economy slowing has to do with reduced consumption in Europe and Asia. Part of that is down to the high unemployment in those areas.

Part of it is down to the traditional consumers not buying much and saving instead: Brits are saving to prepare for Brexit and Americans are saving due to being overburderned with debt. Everywhere that relied on these places to overspend are now struggling.

IMO changing currency to bitcoin won't make a smidgen of difference. What needs to happen is Europe and Asia become confident and start to spend a little more on restaurants and the small luxuries that make up the modern economy.

bitcoin has not had too much influence on the macro economy as far as I know because it is still very low circulation circulating in the world market
so only a little effect maybe for personal it might be helpful but if it is for macroeconomics it is not very helpful so don't worry too much if bitcoin doesn't have much effect

I think so, bitcoin does not play an important role in the world economy today. bitcoin only plays small parts in several communities in
the world and that is not enough to help a country avoid collapsing, the number of bitcoin users in a country is too small to affect a country

Actually it's because human always destroy this planet little by little. And the biggest factor is bank's lending money system. This system makes our economy crash. Bitcoin can help it by secure it's users from inflation. Bitcoin characteristics is almost the same as gold the difference is gold is physical and bitcoin is digital. But I am not sure that bitcoin can give any significant impact at this phase.

Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.

Indeed, bitcoin does not contribute or improve the economy world because this is not a feature and its role, its role is to bring a new technology to people and people who believe in this technology, they can pass bitcoin to achieve greater benefits. And the world economy is sliding down because of trade wars, and this issue can only change when the governments of the countries have a consensus and discussion with each other, bitcoin cannot participate in this issue when it is not welcomed by the government

the Bitcoin will not support any kind of way to develop the world economy as we all know that cryptocurrency is not been merged with anything but the possibilities will only came only the legalisation of the Bitcoin in the country this will helpful for changing the economic to a positive way.

Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.

Millionaires (and billionaires) don't want the economy to start decreasing because that just devalues their assets. Sometimes, the really big players might buy assets during an economic dip because of the lowered value of everything, but most of the time a recession is not in the interest of anyone in any economy. Most of the time it's just the standard business cycle running, with the booms and busts being another pothole in the road for every investor and worker. Governments sometimes bring the economic bust early because of bad policies, but that's rarely the case. More often it's the banks who influence the economy at large. Take the central banks of each country for example; the interest rate they dictate means everything to investors and decreases in the interest rate means bad news.

Bitcoin is luckily free from that issue and maintains a relatively constant rate of inflation with a guaranteed cap on the total that can be mined. Much better option in my opinion.

In my opinion, bitcoin can unite the country's financial system regionally so that the financial turmoil that has hit the world has little impact on the financial transaction system in the country.
Bitcoin is a digital currency that functions as a payment tool in a peer to peer manner that simplifies and speeds up transactions. Besides that, using bitcoin is economically cheaper

Why: first of all because of massive debt. The world lives under 300 trillion dollars in debt. It's impossible to pay this debt even if 3 generations of Europeans and Americans and Chinese do nothing but pay debt.

Secondly, because as others mentioned, the system is broken. Free emission of money, QE, fractional reserve banking all are broken.

Thirdly because production cannot keep growing exponentially yet the debt-driven market requires exponential growth. So if corporations aren't growing year after year, compounded, the system breaks. This is insane.

So it's a combination of factors, in my opinion, that leads us to the inevitable next big crash. It might happen sooner or later, but it will happen.

I agree, but what is still my question is how to make the government believe in this big plan, because without them I think it will hamper the growth of BTC. from their policies, there will certainly be more people using it and evaluating it

The development of the world economy is not based by the development of cryptocurrencies so it will not be helpful in anyway and my opinion is the currency will need the support from the economic situation of the world sorry could not be helpful in anyway.

Well this only applies to those countries who are now accepting bitcoin but in some countries who have not legalized bitcoin yet,it may not be a payment system but a good investment that gives a decent amount of profit to those individuals.Bitcoin might not help directly the world's economy but the economy of those individuals might surely make a good progress that will create good impact to the world's economy.

How did you get to know that the world economy is falling and by the way what makes you think that it is bitcoin that can solve such a problem?I know that bitcoin can help us in some ways, but I don’t think it has anything to do with economy and I don’t think it can be a solution to whatever it is you have in mind. The only way bitcoin is of benefit is when it comes to things that has to do with transactions and that’s cause it eliminates middlemen, complicates regulations and enables more of international transactions.

Bitcoin is not the main solution to improve the world economy. bitcoin is only one of hundreds of ways that can be used to improve the economy of a country, so don't expect that bitcoin can change the condition of the world economy. it's too much, especially users who are still few

Very well said. It seems to me that bitcoin can help us, in many ways but in economy of every country not sure as what said above bitcoin is not legal in many countries still theres a country rejecting bitcoin and as an individual economy we should know the proper use of it so even though out world economy did not accept it yet at least it can help us in our financial necessity.

Bitcoin is not a stable asset at the moment, and therefore it can not be called an attractive place to save savings during the crisis. Unless the overwhelming majority of large capitals decide on this.

Bitcoin don't have stable value but it will not face inflation so incase of crisis due to inflation then we can use bitcoin as storage of value.

But still we don't face any major crisis after creation of bitcoin so we can find bitcoin will be useful or not at the time if we are into that situation.

I've heard a lot about this, since they've always predicted that by 2018 and the end of 2019 there will be a massive global downfall in the economy, and of course, the only way you can protect yourself from something like this is to invest in Gold.

Gold represents security and economic confidence, giving enough stability to recover from any global market crash.

The participation of bitcoin to enter the market in the face of any catastrophe or global economic downturn, can help greatly, because bitcoin has a given value thanks to supply-demand, tel bitcoin has no intrinsic value, but if it has a value based on the number of operations and market capitalization, many operators will not only see bitcoin as a great option after gold, but as the best option with gold if the world market falls.

The fact of tner where sheltering the value of money in gold or in any currency where it does not lose its value is the ideal outlet for people who own large amounts of money, in fact the Rotschfield spent all their fortunes to gold foreseeing this world fall.

really bitcoin is indeed unstable but if the country owns this asset what is not news is an uproar
if a bitcoin arrives suddenly falls free even though the bitcoin funds are used as a reserve for the macro economy of a country how dangerous the country is because it can cause unmeasured losses if that happens then the country will be in danger of happening like that and the two countries will be their business collappse

But you are only thinking about how things are right now, during a crisis people traditionally choose their own currency as the main way to save their wealth but the next crisis will probably be related to the huge amounts of money governments are printing and their debts so those people are going to be destroyed, the rest will try to look for a way to protect themselves from that fate, precious metals are an obvious choice and the same can be said about any hard asset but I am sure bitcoin will become one of the favorite ways to store your wealth during the next crisis.