Bitcoin can be useful for a troubled economy

[marginal]

I believe, that young new generation will somehow explain that to rulers and they will understand that concept of saying

[Palodar]

Bitcoin is useful for an underdeveloping country to create jobs and to create new self employed opportunities and new set of millionaire as well

Agree.Yes it can be very helpful and useful to make a troubled economy boosts into a more developed and progressive one.With the presence of bitcoin,the rate of unemployed people will be lessen because bitcoin itself can be a good source of income already.And if you happen to be very lucky in bitcoin especially if you started it in an earlier times,then you will have a great chance to be a future millionaire someday.

Early adopters probably have enough savings now if they smart enough to hold it and sell it on the right time, the economy needs more people that will find good way to earn in it to lessen economic problems.

[bintangkejoraku]

I really agree with that, I already feel the benefits of bitcoin in my family's economy. I can help a little improve my family's economy.

[yoseph]

I really agree with that, I already feel the benefits of bitcoin in my family's economy. I can help a little improve my family's economy.

The Venezuelan governments recently banned bitcoins and made their very own crypto currency but I have heard is that they have been able to rise a substantial amount of money by selling the tokens of the said coins to the people.

[Pinoyfan]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

Yes it can be use and it can be a saver of a troubled economy and every country. Bitcoin can help a lot and its a huge impact on your industry especially economy cause we all know that many jobs can provide bitcoin and that jobs will our people extra money and that extra money will bought a food then the food had a tax that will towards at government. That money can be use to economical status

[Altero]

Pretty true. Zimbabwe is a very good case study and for those who really knew about this country's economy, they would know how shitty it has been for a very long time which made their currency to end up being scrapped and with the government policies and all that has limited the people from being able to make international transactions, bitcoin has really been the best option for the citizens and it has been of huge help for a lot of them. Goldman sach is very right!

We can't be sure also that Zimbabwe will adopt this new form of currency since they don't have enough capital to start up. It could be hard for them to access in crypto if they don't have internet connection. Government participation also will be in huge help to make this things possible to happen.

[rimueng agam]

I agree with you because it is true that this bitcoin is a solution to the economic problems that are lacking because of the existence of bitcoin, people can earn more than enough in this bitcoin because at a very high price then anyone from those who plunge into will get the income pretty much.

[kyucryp]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

yes i guess that's a good idea. bitcoin can be an economic solution in a third world country. but their main requirement should be internet access and gadgets. I live in a third country even though in my country illegal cryptocurrency should not be used for means of payment. but being allowed to use this investment made thousands of people interested in investing in bitcoin and following a signature campaign. many of them including me who achieved financial freedom due to bitcoin and cryptocurrency.

[valentine401]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

Japan today is using cryptocurrency in order to improve their economy and because of that, we can say that cryptocurrency is helping the country so there's no bad thing about bitcoins but it will just depend on where you are going to use it just like fiat.

[batang_bitcoin]

I agree with you because it is true that this bitcoin is a solution to the economic problems that are lacking because of the existence of bitcoin

Not only about the existence of bitcoin but they have to embrace the cryptocurrencies for them to be able to get some help to make their troubled economy healthier.

people can earn more than enough in this bitcoin because at a very high price then anyone from those who plunge into will get the income pretty much.

You should put some description on how people can earn through bitcoin. This is the misconception by most that just because they bought bitcoin they'll get a nice return quickly. It's not only about holding but it's about adopting, trust and belief.

[Altf4]

If only the bitcoin activity is properly educated into the people of trouble economy, people may know the proper start to begin bitcoin activities , with the aide of mobile cellular phones and internet connection then you can connect to the global economy in which bitcoin can be connected , so this can help the people in troubled economy.

[Sled]

Bitcoin can be really useful in a troubled economy for example, if the economy is suffering loss because of the corrupt people then bitcoin can solve that because it can help the people to transact with blockchain which is transparent and where the people can use it to be more secured and it is a good way to prevent corruption.

[Seeker#9]

To help the economy of a troubled country, here must be a widespread use of bitcoin or any cryptocurrency. Some countries are already creating their own coin like Venezuela but its benefit is yet to be felt. Virtual currencies are volatile and many holders and investors might be affected if the price go down suddenly and if the price continue to fall, it will also negatively affect the economy.

[elkafee79]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

I think It is possible. Bitcoin can be useful for a troubled economy. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare. Bitcoin can be useful to improve their financial, give them income from trading or join bounty.

[TheAncient]

Agree!  With the highest advantage of crypto currency performance, I this this will become one of the asset of crypto to help the economy system of a country.

[Betwrong]

To help the economy of a troubled country, here must be a widespread use of bitcoin or any cryptocurrency. Some countries are already creating their own coin like Venezuela but its benefit is yet to be felt. Virtual currencies are volatile and many holders and investors might be affected if the price go down suddenly and if the price continue to fall, it will also negatively affect the economy.

Not necessarily. Economy is a more sophisticated structure than that and the price falling can contribute positively to its overall development. For example, if a certain number of people were buying crypto with their spare money, which they would keep intact on their bank account otherwise, it's good for the economy since every economy benefits from movement and deteriorates with stagnation. Another positive effect of price falling is that seeing "cheap" (compared to past prices) cryptos more people will be attracted to buying them, and again it will be good for the economy because it will drive up the overall turnover.

[andika2018]

Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy

I do believe that bitcoin is good system to change our economy system right now. Right now, our economy controlled by bankers and central banks that always print the money for their own purpose and make inflation getting higher

[d0flaming0]

To help the economy of a troubled country, here must be a widespread use of bitcoin or any cryptocurrency. Some countries are already creating their own coin like Venezuela but its benefit is yet to be felt. Virtual currencies are volatile and many holders and investors might be affected if the price go down suddenly and if the price continue to fall, it will also negatively affect the economy.

Not necessarily. Economy is a more sophisticated structure than that and the price falling can contribute positively to its overall development. For example, if a certain number of people were buying crypto with their spare money, which they would keep intact on their bank account otherwise, it's good for the economy since every economy benefits from movement and deteriorates with stagnation. Another positive effect of price falling is that seeing "cheap" (compared to past prices) cryptos more people will be attracted to buying them, and again it will be good for the economy because it will drive up the overall turnover.

it is also good to hear that some other countries are already making their move in order to adapt this kind of economy, sad to say that in our country i don't think there is  even a slight chance that they are making their move to adapt in this current state. i also personally think that it could also help some troubled economy.

[Cordenne]

Yes Bitcoin and other Cryptos can be beneficial to struggling countries. Zimbabwe is a good example I read up on, recently lifting their ban on Crypto dealings. http://bitcoinist.com/high-court-zimbabwe-lifts-regulators-cryptocurrency-ban/

[MGBloomz]

Yeah, bitcoin could be a good help to stabilize the troubled economy as the people can find some funds in doing some bounties or investing in crypto. Then, from their earnings they can have money to buy for their personal needs. With this the cash flow of the community will grow and this will create chain reactions to all business as money will flow regularly.