Bitcoin can be useful for a troubled economy

[bitkanu]

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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[BlackBeauty]

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.

[deklitt]

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.

[marcous]

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

[bitllionaire]

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]

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.

[vazarii]

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.

[reda]

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.

[weblouartisan]

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.

[DgurJIupyf]

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.

[Duogembrot]

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.

[prudencetoller]

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.

[boddy.dy]

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.   

[MiXxe]

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.

[Babyhouse]

I think bitcoin can help in some countries which thier economy are struggling to develop. Bitcoin can give money at very least.

[jefbigbob70]

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 ).

[bitcoinsocial09]

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.

[The cure]

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.

[ethereumhunter]

as long as that country has a good internet connection and the people want to join into bitcoin, I am sure that they can solve their problem, especially for personal finances problem. bitcoin giving the opportunity to them to make money so they can start right now and they can have a better life in the future. but this is not an instant way to get money because we need to work in many aspects related with bitcoin and the other altcoin so we can make that money for our life. but this will depend on how the government reacts about bitcoin and if they are really concerned with their people and they want their people to have a better life and better chance to make money, then they can suggest to their people join into the crypto world.

[bitllionaire]

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.

Very honestly bitcoin is not yet as such popular that it can effect the economy of a country, but it is a fact that bitcoin can change the economy of an individual person, and i think we have a  lot of experience about it, Bitcoin has changed the life style of the people, it make people billionaire in few years, and still continue giving profit to people.