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Author Topic: Bitcoin can be useful for a troubled economy  (Read 32721 times)
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May 24, 2018, 05:08:45 PM
 #81

Yes an alternative currency can be use in troubled economy especially when they are having a slow development and slow payments what I mean if they are not good at paying personally they can use online transactions to pay bills or something they want especially now that some stores can buy online.

 
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May 24, 2018, 05:09:43 PM
 #82

Yes, I do agree that bitcoin may somehow, in a way help improve the a troubled economy.
It can be a source of money by investments, trading, gambling, mining, bounties and etc. which can reduce unemployment rate of the social unit. It "takes in" money which in the indefinite long run can deflate the value of fiat, take in the considerations of describing it as foreign workers that import money supply - definitely better than printing more paper money trying to feel rich or loaning  big sum from other countries without an exact assurance to pay for it as change in economy may not even happen.
Agree, it may reduce the number of poverty in the country's economy, since bitcoin give opportunity to all types of people, you can invest and trade whether you're rich or not that rich. It can improve the circulation of money, because bitcoin is a site of trading, investing and etc... It can also reduce crime, he's right, instead of printing fake money, or robbing, they can earn without doing some crime, crime is one of the reason why some countries don't improve.

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May 24, 2018, 06:06:54 PM
 #83

There is already speculation about it from the experts that one trouble economy or a country will try to seek help in crypto world and they will become succeed, and there is no doubt that it won't happen, there is a chance that it will, let us see in the future.

 
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May 24, 2018, 06:35:22 PM
 #84

There is already speculation about it from the experts that one trouble economy or a country will try to seek help in crypto world and they will become succeed, and there is no doubt that it won't happen, there is a chance that it will, let us see in the future.
Speculation who made by some experts, especially the people who are experts on the economy should be considered by the government that have banned cryptocurrency. The government when deciding a problem should look at two different sides, between the negative side and the positive side that inflicted. Negative side will appear but positive side will give more advantage if cryptocurrency can be used by every payment system, source of income, the society can use cryptocurrency as a investment place to avoid like inflation, this is very important for considered.

 
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May 24, 2018, 06:47:29 PM
 #85

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


You are right. bitcoin is an economic source for society. bitcoin also includes work. and bitcoin can also reduce poverty. for those who join and work to produce bitcoin will reduce the risk of poverty in their country. because bitcoin is a source of income that people can enjoy. this is also the work I do every day to give life to the family. I hope that bitcoin lasts longer.
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May 25, 2018, 03:05:10 AM
 #86

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



No, I am not sure. Bitcoin can be useful for a trouble economy. I think, Bitcoin can be useful for financial of person. They can get alot income from trading or investing, also join bounty campaign.
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May 25, 2018, 03:20:58 AM
 #87

Yes an alternative currency can be use in troubled economy especially when they are having a slow development and slow payments what I mean if they are not good at paying personally they can use online transactions to pay bills or something they want especially now that some stores can buy online.
But we are not yet ready to use crypto currencies in day to daylife because if something has volatility then it can't be used as a currency so we need to have stable currency to use it.

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May 25, 2018, 03:30:04 AM
 #88

When a country face up economy crysis. Then monetarily is also encountered a problem. There is inflation. the good prices rise. The Public purcashing power is reduced. The exchange rate of the currency decreases. The economic community is difficult. When all those case happen so the government of a country must search alternative solution. And I think the country must try Bitcoin as a new currency system. And I think Bitcoin can be one of solution
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May 25, 2018, 03:56:42 AM
 #89

The troubled  economy of Zimbabwe resorted to bitcoin when the country ran into shortage of hard currency, Zimbabwe economy deteriorated due to economic sanctions imposed on them by developed countries thus causes hyperinflation however their citizens adopted bitcoin as a way out of the harsh economy and successfully utilized the opportunities of using bitcoin for their transactions.

 
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May 25, 2018, 04:24:09 AM
 #90

This problem seems to be correct. Least-developed countries are often strong in crypto money. As recently as venezuela also developed the nation's crypto money
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May 25, 2018, 10:28:03 PM
 #91

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


You are right. bitcoin is an economic source for society. bitcoin also includes work. and bitcoin can also reduce poverty. for those who join and work to produce bitcoin will reduce the risk of poverty in their country. because bitcoin is a source of income that people can enjoy. this is also the work I do every day to give life to the family. I hope that bitcoin lasts longer.
Yes that can be true but if you look at the current scenario, we do exactly against what we talk about. Almost all the troubled economies have banned Bitcoin and are of the views that it will further damage the economy and thus do not allow the masses to use it. On the other hand, people see the benefits they can reap using the technology and hope for the time the government legalize it.
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May 25, 2018, 11:14:47 PM
 #92

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



Will mostly all analyst about the economy have know the status of what is the best alternatives about the unstaible economic growth of the country,thats why these three analyst of have there own vision about the cryptocurrency investment,thats this is the best alternate of trouble dying economy and they are right of there speculation that crypto or capitalism is the answer of all these adversity in economy.

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May 25, 2018, 11:56:52 PM
 #93

Bitcoin is helping for the economy for third world country for creating jobs and creating new wealth and new entrepreneurial skills
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May 26, 2018, 02:55:00 AM
 #94

             To my concept Bitcoin is useful for a troubled economy since financial crisis situations, people were in great trouble since the bank and government imposed capital controls over the populations like stopping them do even basic things as taking cash from the banks  . Bitcoin is useful for this type of economy when global financial crisis occurs people loses faith in Bank and fiat currency that is centralized currency,people  find faith in decentralized currency that is Bitcoins or cryptocurrency.
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May 26, 2018, 03:16:02 AM
 #95

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


Yeah maybe because it can help less fortunate people to have financial freedom and from that economic status may change. Countrymen with good financial status will help improve and may contribute good taxes for the good of the country and of course it's economy. Bitcoin and cryptocurrencies are the best form of investments as it can give investors fast and good return that may lead to more and more successful individuals in the specific country.
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May 26, 2018, 03:58:52 AM
 #96

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 so agree with this. Yes, it really help those with low income citizens and if course most of them is living in a country with unstable economy. And in general, it will really help the country cope up with those developing countries.

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May 26, 2018, 08:14:43 PM
 #97

Bitcoin is useful for an underdeveloping country to create jobs and to create new self employed opportunities and new set of millionaire as well
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May 26, 2018, 11:38:07 PM
 #98

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


That's what we could see happening in Venezuela and even,Iran was earlier discussing to use bitcoin to bypass US sanctions but now,it has changed its stand.

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May 26, 2018, 11:52:48 PM
 #99

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.

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May 28, 2018, 09:42:22 PM
 #100

Yes, but this needs to wise and recent peolp eto be at the handles, if those old dumb guys will rule, we are desperate.
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