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Author Topic: Bitcoin can be useful for a troubled economy  (Read 32721 times)
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December 05, 2018, 06:48:33 AM
 #621

this is very true. we can be helped by crypto currencies, especially bitcoin. This currency provides many benefits for us to increase income or improve our economic conditions. This currency provides a great job opportunity for us to be able to get additional income. and we can trade this currency so that we can benefit.

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December 08, 2018, 08:47:25 PM
 #622

Yes bitcoin can help to the economy   specially if government accept it.
It will help to  give extra income and earn a good profit. But of course people should understand bitcoin and willing to learn it.
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December 08, 2018, 11:25:46 PM
 #623

agree and it is clear, Bitcoin is a way out of economic difficulties, and I have seen many people come out of that problem because of Bitcoin. if we use Bitcoin very well then the benefits we get will be very good, but if we use Bitcoin for crime, then Bitcoin will only be a sin.
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December 08, 2018, 11:47:02 PM
 #624

maybe because we know the economic system with blockchain is more transparent and varies in opportunities for economic improvement

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December 10, 2018, 03:23:11 AM
 #625

True enough, i mean we've seen thisnwith Venezuela but i don't know if the execution of crypto currency is successful in that part of the glove but the fact still remains that when Fiat actually collapses, crypto currency is a viable option to pick up the slack up until Fiat actually recovers. I just hope they see the reason not to go back to Fiat anymore.

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December 10, 2018, 03:36:20 AM
 #626

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 have read many articles about economy and I found out that many economists are saying that bitcoin can be useful in economy that full of problem. We should be aware that the fiat economy are experiencing inflation but cryptocurrencies are experiencing deflation.

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December 10, 2018, 03:43:52 AM
 #627

yeah agree with it bitcoin can make some sustanablelity with the economic when people getting worsed with they economic, this sometimes make a big jump for them to gain another step that change they live that was a big chance

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December 10, 2018, 03:48:03 AM
 #628

Bitcoin, indeed, has been known as a weak economic boost for the community, but it all needs a process in this matter to let us know the procedures for investing to get maximum results, of course the main capital to get all of that.
Cryptocurrency is currently the one element that is most interested by many people to make more money. Hopefully crypto for the future can grow even more than today.
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December 10, 2018, 04:02:05 AM
 #629

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


Digital currency can be an alternative, but is there no problem for users who just know bitcoin to use it? I might be able to use flukutuasi to make some users can not use it and remember also that crypto has experienced a considerable decline this year.


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December 10, 2018, 04:24:18 AM
 #630

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


Digital currency can be an alternative, but is there no problem for users who just know bitcoin to use it? I might be able to use flukutuasi to make some users can not use it and remember also that crypto has experienced a considerable decline this year.
with significant fluctuations like now it is difficult to be used as a reference for transactions, but if all countries later legalize it, I think fluctuations like this are difficult to happen, like the current currency


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December 10, 2018, 04:45:42 AM
 #631

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 think it's true that bitcoin can be an alternative payment when paper money is always controlled by the government. bitcoin can be used to avoid economic crises and government capital restrictions. making money transactions abroad with bitcoin is more efficient, faster and cheaper than using a bank. and of course bitcoin has helped a lot to solve the economic problems of its users. most bitcoin users can achieve financial freedom after investing in bitcoin.

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December 10, 2018, 07:50:53 AM
 #632

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.

Virtual economy can be alternative. I think it can help those country who are struggling economic problem as long as it is legal in their country and if the government support to use bitcoin. Using Cryptocurrency can add an economic income to support some needs of the country especially if they have many users. Its good to have a person who will incharge to handle it and provide a necessary needed to make it success in the country.

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December 10, 2018, 08:02:05 AM
 #633

   yes, it can use for trouble economy like in the past ..year 2008 to 2009 was economy tragic major financial institution was down so ever same situation is present but our financial institution has a enough reserves currency to cover up the losses so its a big help to the world economy.
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December 10, 2018, 10:43:46 AM
 #634

for people who have been fortunate to get more profits and income indeed this statement is very true, but for those who actually get a loss from crypto currencies certainly strongly disagree with what you say

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December 10, 2018, 11:16:43 AM
 #635

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!
You shoukd have mentioned Venezuela first before Zimbabwe but both are pretty good example on how cryptocurrency can help a economy of specially dying countries like the first I mentioned
But lets not forget that this can also be used as materials from the richer people to take advantage of the situation,so we better be aware of those greed person that only wants to gain but not to help
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December 10, 2018, 12:51:08 PM
 #636

I see it as a poisoned chalice. Bitcoin and other alt coins are so open to manipulation at the moment. If (e.g.) North Korea switched to BTC, they would be at risk of political attacks from devaluations. Amongst mainly passive and peaceful countries I don't see a problem.

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December 10, 2018, 04:16:43 PM
 #637

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 agree with the premise and the conclusions

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December 10, 2018, 07:02:40 PM
 #638

It can give troubled economy a push necessary to help it cope with the current problems, but eventually the government will have to revert to using fiat - it is more suitable, as it is easier to control.
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December 11, 2018, 07:59:03 AM
 #639

I agree. I also believe that cryptocurrencies can improve the economy and bring it to a new level. Some economic processes can be simplified thanks to cryptocurrencies.

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January 23, 2019, 11:01:22 AM
 #640

I agree. I also believe that cryptocurrencies can improve the economy and bring it to a new level. Some economic processes can be simplified thanks to cryptocurrencies.

Just partly. I do not think that Bitcoin can be an economy saver. The governments should make some changes to improve the situation in their countries.
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