Bitcoin Forum
December 14, 2019, 09:46:15 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 »
  Print  
Author Topic: Bitcoin can be useful for a troubled economy  (Read 32721 times)
Haliburton
Full Member
***
Offline Offline

Activity: 461
Merit: 101



View Profile
October 10, 2018, 11:35:23 PM
 #601

It is certainly great that cryptocurrency is so highly appreciated, but I think while the time has not yet come to accept it as a replacement for the national currency. I think the process will be slow but sure. Only the most progressive will be able to start the process, maybe Japan, the USA, China, European countries, perhaps. But it will accelerate them very much in development and further countries will follow them - they will see a great benefit.

We've seen Bitcoin as a popular cryptocurrency during the past years. As such, it'll slowly gain traction and mainstream recognition as governments apply regulations to legalize the crypto industry. Since Bitcoin is an alternative currency to fiat, it's the perfect store of value for anyone around the world to enjoy. There are no limits on how to use or acquire it, since Bitcoin was designed to be decentralized after all. For this and many other reasons, Bitcoin is extremely useful for a troubled economy.

Venezuelans have already adopted Bitcoin as an alternative currency to fiat, and people from other countries too. Therefore, I think that in a few more years, Bitcoin would've become so popular and useful that it could displace Gold as a store of value, and possibly fiat as a medium of exchange. Wink
1576359975
Hero Member
*
Offline Offline

Posts: 1576359975

View Profile Personal Message (Offline)

Ignore
1576359975
Reply with quote  #2

1576359975
Report to moderator
1576359975
Hero Member
*
Offline Offline

Posts: 1576359975

View Profile Personal Message (Offline)

Ignore
1576359975
Reply with quote  #2

1576359975
Report to moderator
1576359975
Hero Member
*
Offline Offline

Posts: 1576359975

View Profile Personal Message (Offline)

Ignore
1576359975
Reply with quote  #2

1576359975
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1576359975
Hero Member
*
Offline Offline

Posts: 1576359975

View Profile Personal Message (Offline)

Ignore
1576359975
Reply with quote  #2

1576359975
Report to moderator
1576359975
Hero Member
*
Offline Offline

Posts: 1576359975

View Profile Personal Message (Offline)

Ignore
1576359975
Reply with quote  #2

1576359975
Report to moderator
Mihaylovic
Sr. Member
****
Offline Offline

Activity: 756
Merit: 250


FERRUM NETWORK


View Profile
October 11, 2018, 05:31:13 AM
 #602

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.


                            █████
                        █████████████
                     █████████████
                 ██████████████        █████
              █████████████        ████████████
          ██████████████        █████████████
       █████████████        █████████████       ██████
       ██████████        ████████████           ██████
       ███████       █████████████       ███    ██████
       ███████    █████████████       ██████    ██████
       ████████████████████       ██████████    ██████
       █████████████████       █████████████    ██████
       █████████████       █████████████        ██████
       ██████████       █████████████           ██████
       ███████      ██████████████       ███    ██████
       ██████    █████████████       ███████    ██████
       ██████    ██████████       ██████████    ██████
       ██████    ██████        █████████████    ██████
       ██████    ███       █████████████        ██████
       ██████           █████████████       ██████████
       ██████       █████████████        █████████████
                 █████████████       █████████████
              ████████████        █████████████
                  ████         ████████████
                           █████████████
                         ███████████
                            █████
Ferrum Network • Interoperability Network for Financial Applications
virtfund
Sr. Member
****
Offline Offline

Activity: 672
Merit: 253



View Profile
October 11, 2018, 06:58:45 AM
 #603

These institutions behaved like a sales representive of globalization for decades, developed countries gain a fortune from globalization, and most of the others became poorer except a few countries like China. Now, look at USA is doing to China to keep it poor. I think, it is not the right time for developing countries not to use their own currencies because they could totally lose their control on their economy.
Haliburton
Full Member
***
Offline Offline

Activity: 461
Merit: 101



View Profile
October 18, 2018, 05:22:35 PM
 #604

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.

I hope so. Because as of today, we're still living in the traditional banking system which is centralized. Without a doubt, cryptocurrencies like Bitcoin and Ethereum has proven to be viable alternatives against the current financial system. With their decentralized design, anyone can own a share of these cryptocurrencies without fear of downtime or censorship. But, centralized fiat money still has the lead, probably because they're backed by central banks and governments.

These entities have been carefully researching blockchain technology, to migrate their existing solutions into a global distributed ledger which is secure, fast, and transparent for anyone to audit. Due to the success of the Bitcoin blockchain, many people have used it as an alternative currency for troubled times. But, I think that once fiat money transitions to the blockchain, then cryptocurrencies would serve no purpose at all. Roll Eyes
yatogami
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


bvo.trybravo.com


View Profile
October 18, 2018, 07:42:22 PM
 #605

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'm not sure that btc could be useful for unstable economies as a means of payment for that simple reason that btc is extremely volatile itself. The way I see it is that bitcoin could help to increase the people's income and thus bring more money to the economy.

Sirait
Full Member
***
Offline Offline

Activity: 756
Merit: 100



View Profile
October 18, 2018, 08:35:00 PM
 #606

At the moment I understand this technology is still very new, so not many countries want to develop this technology, but if cryptocurrencies are used, it will be very useful for a country that has economic problems, such as countries in Africa and Asia that mostly have economic problems. Hopefully, in the next few years, we will see many countries that use cryptocurrencies as a payment or just as an investment.

                               Whitepaper     E M R X Token   :   LEARN MORE   
      E M I R E X         ─── إمركس ───          :         The Infrastructure for the
  [ telegram   facebook   TWITTER ]         New Digital Economy
mazdafunsun
Full Member
***
Offline Offline

Activity: 462
Merit: 121


send and receive money instantly, with no hidden c


View Profile
October 18, 2018, 09:05:59 PM
 #607

THis is obvious, or isnt it?
Bitcoin emerged as direct consequences after our regular finacial crisis , which should enebale us to sustain different economy, more stable and more true in its essence.
No money printing ny central banks and private banks. So yes, bitcoin helps and is a lifevest in troubled economical times.

pumbum
Full Member
***
Offline Offline

Activity: 434
Merit: 100



View Profile
October 20, 2018, 01:26:36 PM
 #608

perhaps this will help to avoid problems with the waste of funds, because holders do not spend money at the time, while they wait for the growth of cryptocurrency
DiabolicAnt
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
October 20, 2018, 04:47:48 PM
 #609

To me it's kinda weird to think of BTC as of an alternative to national currencies. But I think it has the ability to help national economics, if those countries figure out how to use it right.

▀▀▀▀▀▀     SWIPE  │ Monetizing mobile engagement data, on the blockchain    ▀▀▀▀▀▀
▄▄▄▄         Whitepaper       Telegram       Twitter       Medium       Reddit          ▄▄▄▄
zubrr51
Member
**
Offline Offline

Activity: 294
Merit: 11


View Profile
October 20, 2018, 05:25:16 PM
 #610

Some countries with problem economies are already beginning to introduce Bitcoin as a means of calculation, for example, Venezuela.

▀▀▀▀▀▀     │      SWIPE      │      Monetizing Mobile Engagement Data     ▀▀▀▀▀▀
▄▄▄▄▄▄       Whitepaper     Telegram     Twitter     Reddit       ▄▄▄▄▄▄
greeklogos
Full Member
***
Offline Offline

Activity: 658
Merit: 152



View Profile
October 20, 2018, 05:44:04 PM
 #611

Why it doesn't work in Venezuela then? OK, they do not use Bitcoin but it's alternative Petri, but the situation is not changing as I see, if someone has anything to add or disagree with me feel free to tell your opinion on the situation in the country and their experience with national crypto.
bitcoinveda
Member
**
Offline Offline

Activity: 378
Merit: 10


View Profile
October 20, 2018, 06:56:51 PM
 #612

Bitcoin is definitely helpful for trouble economy now Venezuela is witnessing the same situation Venezuela now depending on cryptocurrencies for transactions
tanxpresisit514
Newbie
*
Offline Offline

Activity: 75
Merit: 0


View Profile
November 10, 2018, 07:25:19 AM
 #613

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
Bitcoin might be an alternative for countries that have an unstable economy, but I don't think it can be for the long term. Because permanently  have to paper money. Because the use of bitcoin with blockchain technology does make everything more efficient, so it can reduce unnecessary expenditure and avoid corrupt officials from doing the action.
Koenraad Lange
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
December 05, 2018, 02:03:30 AM
 #614

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
I think bitcoin is useful for a country that is experiencing a financial crisis, because it is more resistant to inflation due to the strengthening of the USD. But bitcoin cannot replace fiat money, only as an alternative currency. In the long term, it may continue to be developed by taking into account the needs or problems that exist in each country.
wahyu wida
Full Member
***
Offline Offline

Activity: 658
Merit: 100


🔰FERRUM NETWORK🔰


View Profile
December 05, 2018, 02:21:58 AM
 #615

it is correct i think. bitcoin is an alternative currency. and blockchain based cryptocurrencies are a solid alternatives for nowadays financial systems. decentralized solutions for traditional banking system is going to rule the world in the future.
I think bitcoin is useful for a country that is experiencing a financial crisis, because it is more resistant to inflation due to the strengthening of the USD. But bitcoin cannot replace fiat money, only as an alternative currency. In the long term, it may continue to be developed by taking into account the needs or problems that exist in each country.
there are some countries that are turning to cryptocurrency, because of the severe crisis. this also has risks, but maybe the government has other views to save the country

ufaiz50
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 05, 2018, 02:39:38 AM
 #616

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


Indeed bitcoin can be another alternative for countries where traditional money is not sufficiently provided, because if their country creates more the traditional money then the value of their country's traditional money will go down. Which I doubt is whether people from that country can adapt to the fluctuations in cryptocurrency which might be detrimental to them.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
KnightElite
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250



View Profile
December 05, 2018, 03:06:05 AM
 #617

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


It is true that bitcoin can be useful for a troubled economy.  Like in the country of Venezuela, the Venezuela is currently experiencing hyperinflation where their annualized inflation is now 1000000 percent.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
TheWalkingCoin
Full Member
***
Offline Offline

Activity: 532
Merit: 100



View Profile
December 05, 2018, 05:08:45 AM
 #618

Bitcoin could be solution and more useful for economy in the world, many country have positive effect by adoption and allowed bitcoin as transaction payment, they can take profit with bitcoin price when growing up or down.
anggi
Full Member
***
Offline Offline

Activity: 784
Merit: 100


🔰FERRUM NETWORK🔰


View Profile
December 05, 2018, 05:30:40 AM
 #619

Bitcoin could be solution and more useful for economy in the world, many country have positive effect by adoption and allowed bitcoin as transaction payment, they can take profit with bitcoin price when growing up or down.
in fact, bitcoin can be used for anything, however, sometimes many people see one side of bitcoin. well, but for personal, it can be done, and of course it can also be for other things.

Dimas99
Sr. Member
****
Offline Offline

Activity: 854
Merit: 250



View Profile
December 05, 2018, 06:20:49 AM
 #620

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.
what you convey is very true and in my opinion the results of good and bad crypto currencies depend on the intention and purpose of the investor itself
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!