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Author Topic: Bitcoin can be useful for a troubled economy  (Read 32721 times)
bitzizzix
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June 06, 2018, 09:27:38 PM
 #261

The biggest problem in the economy is finance and bitcoin can make money or it can be converted into real money that can be used in everything, so bitcoin can solve economic problems or other problems in a country or individual.
and I think very many people who have been assisted by bitcoin in the economy or other problems can even make it rich.

 
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June 06, 2018, 09:31:01 PM
 #262

I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.

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June 06, 2018, 09:44:35 PM
 #263

I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.
But in my thought bitcoin is very useful for economy of a country, for example if a person earn money from bitcoin and he also invest their money in bitcoin and that's why he get a lot of profit from this currency and he want to start a physical business, so that's why a lot of money come in their country and a lot of people who are unemployed so they will get job by business, and that's why he will pay taxes so economy will more improve and country will more succeed, so that's why bitcoin is very helpful for an economy.

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June 06, 2018, 10:34:24 PM
 #264

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 bitcoin is not the right solution to boost a country's economy because we know fluctuating price stability of bitcoin,and I don't think bitcoin can replace the traditional currency function as a means of payment.
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June 06, 2018, 10:48:36 PM
 #265

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 because some countries like in the African continent have considered using cryptocurrency as an alternative means of payment. this is very simple and easy, hopefully, bitcoin will be legal all over the world. The truth, bitcoin changes the economy of a society for the better. even if an unemployed person can make money from bitcoin is certainly good for the future of a country

 
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bitllionaire
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June 06, 2018, 11:56:11 PM
 #266

I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.
Yes that is right that currently it may not be possible but still in future when bitcoin will become too much popular then there are so many possibilities to happen that.
neliawesome
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June 07, 2018, 01:04:43 AM
 #267

I dont know if bitcoin can be useful for a troubled economy.I am just confused because if it is very helpful then why is it some of countries banned bitcoin?Even in my country which is belong to third world country doesnt embrace bitcoin.
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June 07, 2018, 03:38:47 AM
 #268

Certainly, it can help the developing economies in a number of ways. It increases the income of people through investment an thus they will pay more tax to the government.
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June 07, 2018, 05:55:53 AM
 #269

Yes. It help to people growth and country growth. So people growth is country economy growth. Economy is currency. It part of the country. So if country will be down economy also down. Most of the business before loach the other country check the country economy growth. So if need for other country growth. First check the country economy growth. So people will be growth country economy also growth automatically. So bitcoin is helpful for the all country people growth. But some country not accept legal way. Coming future bitcoin will be accept all country. If accept the bitcoin all country. It change the world digital ways.
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June 07, 2018, 05:58:32 AM
 #270

YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

Actually, bitcoins can boost up the economy of any country if the government will just use cryptocurrency in a good way and the funds they will earn can be used for different investments or to build infrastructure.

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June 07, 2018, 06:23:24 AM
 #271

Goldman Sachs, as far as I know these are bankers of a major American Bank. Perhaps they are right that bitcoin can help the economy, but I do not think that will resolve the situation in distress countries . Bitcoin is down and the economy is down. Bitcoin is push up and the economy is up. Not stable.

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June 07, 2018, 07:04:03 AM
 #272

yes you are right bitcoin can be a solution of financial problems in the world because I see bitcoin can provide a very safe payment to use so you better reproduce the bitcoin you have because bitcoin is a very good platfrom.
MarjorieZimmermanGinger
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June 07, 2018, 07:42:27 AM
 #273

so true. because bitcoin is the place for people who are still in trouble in the economy. and from yesterday bitcoin also has helped the economy is bad again and help my economy as well

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June 07, 2018, 07:48:12 AM
 #274

I dont know if bitcoin can be useful for a troubled economy.I am just confused because if it is very helpful then why is it some of countries banned bitcoin?Even in my country which is belong to third world country doesnt embrace bitcoin.
I suppose the reason why some governments from third-world countries ban bitcoin is not because of its helpfulness but it's what bitcoin can do to banks and governments. They are afraid and frightened of bitcoin since to them, bitcoin has the potential of replacing traditional currencies and disrupting their economy. My government has started to pay attention to bitcoin and they are likely to ban it but there hasn't been many regulations about this so I'm still lucky to be able to make a living from bitcoin.

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June 07, 2018, 08:11:45 AM
 #275

Bitcoin can increase the income of any individual if he or she will used bitcoin in the right way and on his or her way. Here in bitcoin there are a lot of ways for us to get money or to earn money. If a trouble country especially in economy will encourage people to use bitcoin to gain money surely its economy will raise. I can say that the economy is going down because of the people of the country; this is the biggest contributor on its rise and fall. So if all the people in that country have a lot of money or wealthy, surely its economy will follow thru. So if your economy is on trouble just patronize bitcoin because surely it will help.   
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June 07, 2018, 08:19:25 AM
 #276

so true. because bitcoin is the place for people who are still in trouble in the economy. and from yesterday bitcoin also has helped the economy is bad again and help my economy as well


Bitcoin help the economy only indirectly. Because this can never help the economy directly. As we all know, bitcoin or any cryptocurrency is not approved by the government yet. Not all government give chance to bitcoin to become part of the economic hero of the country. How ever, bitcoin still helps the economy through the help it gives to its people.

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June 07, 2018, 08:51:36 AM
 #277

I think bitcoin can help in some countries which thier economy are struggling to develop. Bitcoin can give money at very least.
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June 07, 2018, 09:21:50 AM
 #278

High inflation is simultaneously a tax easily collected by the government. If the majority of citizens do not use the national currency, the state will not be able to finance the projects needed by the country due to inflation (not all money is spent on corruption, some of this income goes to people Wink).
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June 07, 2018, 09:41:40 AM
 #279

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



Ofcourse yes, it can be useful to the troubled economy because bitcoin has a contribution to each economy. Itcan hep the economy to grow especially if there’s a lot of bitcoin users in such areas. Also if they use the bitcoin properly it may help the to make the economy have a better life and better position.

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June 07, 2018, 09:47:06 AM
 #280

Bitcoin can have a big rule to improve,seattle the troubled economy in one government. It will be usefull to minimize the number of poverty and improve their daily living,it will be the primary source of their daily needs.

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