Bitcoin can be useful for a troubled economy

[tuikindu]

While the idea of making bitcoin a universal currency may have impeccable logic for the utopians of the digital age, in practice it makes no sense. And bitcoin's design is hard to imagine. Because the supply of bitcoin is limited, its value will rise if demand for it rises. But that means if you have bitcoin, and you think it's going to be more popular, it's wise to stick with it, because tomorrow it's going to be more valuable. This makes people less willing to actually buy things with bitcoin and more interested in them as speculative investments, which I don't think is good for the economy.

[squog]

I guess you can say that. An economy actually blossoms when there are alot of movements. More transactions within and out the country helps circulate wealth and make the economy better for it. Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

[BulbaLord]

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.

[reda]

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.

Bitcoin is help to people future growth and people will be learn more information of other country growth. So if need  other country growth. Check the country economy. So bitcoin change the country growth. People will be growth country also growth. So bitcoin part of the people growth. Most of the people hold the bitcoin for the future saving and future growth. Economy is important of the country. Some people don't know about the economy. Some people this economy is currency. But economy is not currency. It part of the country growth.

[imstillthebest]

I guess you can say that. An economy actually blossoms when there are alot of movements. More transactions within and out the country helps circulate wealth and make the economy better for it. Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

An economy can improve not only in the flow of transactions but also more importantly to its development. Lets say a country is well developed because the taxes is spend correctly but that country isnt using a bitcoin , i think that is still an example if a succesful economy.

Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

Yes cryptos like bitcoin can provide a better service in the means of payment purposes but using a crypto doesnt have included a tax although it requires a transaction fees in order to send a transaction to someone else.

But overall i dont think bitcoin can help a troubled economy because the government is really responsible for it not bitcoin or any other cryptos.

[Lexurdania]

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

Bitcoin is new monetary system with blockchain technology. With bitcoin, monetary system will more stable because money not always printed and inflation can be controlled. I am believe bitcoin with the blockchain technology is good for economy system

[Kiweikoo]

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 bitcoin is very useful for those countries who have small economy and they can use bitcoins like mining cryptocurrency in order to earn more funds for their own needs and that is the reason why japan today really likes to be the capital of cryptocurrency in their ow country.

Well, Japan is good option here but how can you say they have small economy? No, they have a giant economy that is just pervading all over the world day by day. You can see thing manufactured by Japan over the globe and that is the thing that makes them different. And plus point is, they are working hard in bitcoins too so in coming future, they would be main stream of this crypt world.

[Pendularin]

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 guarantee this statement is pretty true . Butcoin is useful for a troubled economy because it will help the economy have a bigger money and have a bigger savings .

[pabpete]

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

Bitcoin is new monetary system with blockchain technology. With bitcoin, monetary system will more stable because money not always printed and inflation can be controlled. I am believe bitcoin with the blockchain technology is good for economy system

Evidence suggests that during times of crisis, people are increasingly looking to bitcoin as a viable alternative to their own beleaguered currencies. As the Greek crisis unfolded, bitcoin exchanges reported a healthy bump in volume as people traded the cryptocurrency around the world. The lion's share of the increase came from customers in Greece.

[jaocoincrypto18]

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, reducing the unemployment is already a huge help to economy of a nation to become strong and stable. Unemployment is the most common problem of all nations in which it makes the economy to become more difficult but once unemployment will be reduce then the purchasing power of the people will become strong making the economy to become healthy and stable too.

[MiXxe]

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, reducing the unemployment is already a huge help to economy of a nation to become strong and stable. Unemployment is the most common problem of all nations in which it makes the economy to become more difficult but once unemployment will be reduce then the purchasing power of the people will become strong making the economy to become healthy and stable too.

You try to make a cause-effect analysis. If we only have thee accountability to do good things for the society we belong and do not just think of ourselves, I think we will be able to help in the best way we can. Fir instance, if we use the profit we earn from bitcoin to start up a business, we will be able to help reduce unemployment and it will also pull the economy upward.

[slapper]

I really agree with that, I already feel the benefits of bitcoin in my family's economy. I can help a little improve my family's economy.

Bitcoin is that’s why loved by everyone because it has helped numerous people regarding their financial problems and provided them with the solutions they had never imagined. Many jobless talented people have started their businesses with what they had earned from bitcoin after holing it for a long time and selling it off when the market is hitting the sky. I am pretty much sure that it would be used worldwide soon.

You're right, I have seen a lot of people from my country who were unemployed at first and got close to the breadline have changed their whole life completely thanks to bitcoin. It also helps me in many ways and the best thing is that I can now save a considerable amount of money for my family and to fulfill my hobbies. I hope bitcoin can be more accepted in my society and help the poor.

[Zhagedu]

Definitely yes with some cogent reasons, We hard a cold war in our country sometime ago when we were unable to cater for our families to talk of ourselves, but with the help of Bitcoin for those of us who were into cyrptocurrencies were able to make transactions to our dear ones and also have some for ourselves. I must say kudos to the developer...

[Yatsan]

if this is true..then its good news for those whose economy is struggling to survive and in the midst of crisis, just hoping that by adapting or embracing this kind of system or technology they maybe able to help those people to assist in them to find ways to surpass those crisis or perhaps create their own coin which way is possible.

Well the economy starts with the people inside. If those people are capable of sustaining their needs then they can contribute much into the economic status of their country, family or etc. Bitcoin can open a job offers from the government if they accept bitcoin. This will lead into lesser unemployment rate of a country that makes it good for the country to increase its economic status as well. If bitcoin continues in the future then we might as well have a future that is filled with crypto and is a world without hardships in where to gain profit.

[1Referee]

Well the economy starts with the people inside. If those people are capable of sustaining their needs then they can contribute much into the economic status of their country, family or etc. Bitcoin can open a job offers from the government if they accept bitcoin. This will lead into lesser unemployment rate of a country that makes it good for the country to increase its economic status as well. If bitcoin continues in the future then we might as well have a future that is filled with crypto and is a world without hardships in where to gain profit.

Governments and a free and prosperous long term economy don't go well together, we have had decades of proof to figure that out. Bitcoin will only form a help to people if they use it as a tool to hedge everything the regular economy stands for. The regular economy is set up in a way that will always benefit the elite over the hard working person, which is why the gap between rich and poor has grown to how it is in today's world.

Governments have had plenty enough chances to prove themselves, but failed every time. Now it's time to stand up for youself and take distance from that what's holding you back in life. It's pointless to keep wasting time and hope for Bitcoin to help the governments do the right thing, because they won't. Don't forget that as with everything in life, it can be used and abused, and governments always stick to the latter.

[Elkafi]

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, Bitcoin can be useful for a trouble economy. The jobles can join bounty campaign, they will get alot income from it.

[Yurkov]

Yes, these countries can take is as their national currency, or link the currency to bitcoin, to strengthen it. That might be a good idea.

What is more they could just make some taxes which will give some money to country budget, thanks to that it will become more popular and income from it would be only bigger.

[tanghere02]

True and I quite agree with what the analyst at Goldman Sachs Zack Pandle and Charles Himmelberg said. It could really be a great help to those countries where money is not provided enough. For as long bitcoin will be put into good use, the economy of a certain country can actually become better.

[maemunah]

very true and thanks to bitcoin people in this world who are still experiencing problems about the economy it can be helped and better also because with the help of bitcoin. and I was also originally my economy is very bad and with the existence of bitcoin my economy can be better and better too

[nightxglow]

Well that may be true. I think digital currency like bitcoin will help much in troubled economy country that doesn't have enough flat money. They may be able to use bitcoin or cryptocurrency instead, because why not? A great chance to develop the country, technology and economy.
Bitcoin surely help many unemployment to earn money, which can contribute to a country's economic condition as well.
So i could say that bitcoin surely help some countries' economy in many ways and condition, but the government just don't see it and think that bitcoin is a trouble and threat. Sad truth.