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Author Topic: Bitcoin can be useful for a troubled economy  (Read 32721 times)
DropBombzENT
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June 04, 2018, 03:03:44 PM
 #221

Bitcoin can help countries with a troubled economy to accelerate it, accelerate the circulation of money
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June 04, 2018, 03:18:01 PM
 #222

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


im not sure cryptocurrency and bitcoin could be solution for troubled economu country. Lets take a look at venezuella petro been rejected so much and dont think its good way to fix economy problem. The reasons is there so much country still not using it and not every one trust it. It might be great idea to adopt crypto and it would be the breakthrough to use of financial technology but i dont think it would help so much for developed country, and i think crypto are good for big country that are open minded and been developed, and ready to accept changes.

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June 04, 2018, 03:47:18 PM
 #223

of course bitcoin can be useful to overcome the economic problems because by having an investment in bitcoin it will have a chance to get a profit and of course will get money that can be used to improve the economy
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June 04, 2018, 03:52:31 PM
 #224

in my opinion, because bitcoin has helped their economy and many people are investing in bitcoin revenues. therefore bitcoin is very useful.
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June 04, 2018, 04:08:08 PM
Last edit: June 05, 2018, 03:09:10 AM by sicnarfwb
 #225

Well bitcoin can be useful for a trouble country little by little in their community to earn/to have income but they need to have high knowledge on how they raised their economy financially in the market from cryptocurrency competition.
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June 04, 2018, 05:14:31 PM
 #226

In my opinion, that's right. We need a world currency to import and export and its only the virtual currency which is bitcoin. There are many lives that has been change because of bitcoin, even undergrad are welcome into this.

Yes that is true.bitcoint provide income and help people to have better life.and im sure this kind of means can be useful to help economy survived in troubled times.i hope many other countries as well realized the contribution of cryptocurrency..

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June 04, 2018, 06:12:36 PM
 #227

of course bitcoin can be useful to overcome the economic problems because by having an investment in bitcoin it will have a chance to get a profit and of course will get money that can be used to improve the economy
Yeah, as long as there is new money finding its way into the country, it automatically affects the economy as a whole in a positive way. Bitcoin has brought about a way in which a lot of people can make transactions, get payments done or receive payment without putting so much stress on fiat and only if this can be allowed and there is a massive level of adoption, it automatically tells on the economy of the said country as well. If government can just find a way to drop lenient regulations, and let things roll, there is more to benefit in the long run.
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June 04, 2018, 06:34:55 PM
 #228

of course bitcoin can be useful to overcome the economic problems because by having an investment in bitcoin it will have a chance to get a profit and of course will get money that can be used to improve the economy

A lot of trouble and disappointment happening nowadays so the people in the world are very disappointed with these economic changes. So bitcoin will helpful for them to make an up’s in the their life and also live peacefully Which are the uses of crypto currency so she is not spam are nothing like that we can make our life like a dream no other field can make you more richer in a short span of time.

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June 04, 2018, 06:37:46 PM
 #229

yeah i would agree... with decentralized nature of work, and revolunatary tech like 3d printing and others - work can be put on blockchain and will help in reducing prices for goods / services / supply chain.
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June 04, 2018, 07:20:29 PM
 #230

I strongly believe that the blockchain via the cryptocurrency can help liberate the world economy in general. This can start with individual countries and gradually replicated in other countries.

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June 04, 2018, 07:43:42 PM
 #231

In my opion I think it can be useful and help a troubled economy  if every country let bitcoin to be legalizing it can help to boost the economy of the troubled country. And  the possibility of personal success is so high.
AltCoinBuddah
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June 04, 2018, 07:57:06 PM
 #232

It might be happen because not all country will help by cryptocurrencies it my be cause of troubled or improve a economy but it will base on a country that open minded that they accept the destination of crypto in  their country.
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June 04, 2018, 09:23:36 PM
 #233

sure it can be! just the government need to know how to use it properly and for being useful to the county economy!
It can help a troubles economy just in providing easy earning opportunities to the people. The government can also make use of the technology in upgrading the banking sector to the next level and to legalize it as medium of exchange. Besides, people can make use of the technology to reduce the cost of transferring funds even for international transactions. There are many and numerous ways the Bitcoin technology can be used efficiently.

 
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dyablo
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June 05, 2018, 05:06:16 AM
 #234

Yeah, True indeed. 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 provide a great opportunities for every individual that are engaged in it. It gives the unemployed users the opportunities to have an alternative source of income, and because of that it can lessen the poverty rate of one country where bitcoin is legal.
Jaky
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June 05, 2018, 05:19:12 AM
 #235

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 a big help in our economy I believe so.. With it's benefits and apportunities it can even go places in the future of crypto currencie world as well.. and can help the government wit its partitions it can make too.. a solution for better economy concern in the future if they just be open mided about Bitcoin profits and possibility it can bring..

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June 05, 2018, 05:21:16 AM
 #236

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


im not sure cryptocurrency and bitcoin could be solution for troubled economu country. Lets take a look at venezuella petro been rejected so much and dont think its good way to fix economy problem. The reasons is there so much country still not using it and not every one trust it. It might be great idea to adopt crypto and it would be the breakthrough to use of financial technology but i dont think it would help so much for developed country, and i think crypto are good for big country that are open minded and been developed, and ready to accept changes.

Bitcoin is very useful to the economy specially to the weak because reducing the unemployment alone can be a huge help to a certain nation in which the unemployment is the major problem of all nations. If the unemployment will reduce then of course the purchasing power of the people will become strong that it will help the economy to become strong too. Unemployement might not eliminate in Valenzuela but at least reducing it will make their people at ease.

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June 05, 2018, 05:33:54 AM
 #237

Troubled economies of some countries like zimbabwe are resorting to bitcoin as digital currency that country is facing a serious hyperinflation as result of bad governance  thus prompted their citizens to source for an alternative currency to their already battered currency and btc had really brought succor to those who had adopted it.

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June 05, 2018, 08:57:37 AM
 #238

I think yes, it could be. But for doing that you need to gather wise and relevant guys and create an understanding among people
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June 05, 2018, 09:11:44 AM
 #239

Yes, Bitcoin can be useful to every Country's Economy. Imagine if all the people have the chance to earn money even if they don't have a decent Job. even the Students can earn money too. the Percentage of Poverty may go down. everyone can buy their primary needs.
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June 05, 2018, 10:31:31 AM
 #240

If a country with troubled economy doesn't ban bitcoin and other cryptocurrency, it will be useful and helpful for its people and its business sector. Allowing bitcoin to be use in any online transactions will help many people to alleviate their financial needs while the economy is in shambles. But if that government decided to ban bitcoin and other cryptocurrency, people will find other ways to buy and use bitcoin.
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