Bitcoin can be useful for a troubled economy

[malah]

yes I think so, because with bitcoin I can get profit and earn extra income which of course very help my economy and finally I have economy and life better so bitcoin is very helpful

[miltonpogi]

Digital currency like bitcoin are preferable or not in unstable economy depends on the country that will handle, we all know that crypto money are accessible with the service of technology that's why it become insane for those who can't afford those equipment, but it will be worthy to serve as a prime alternative way of exchanging goods, online payment and to develop more faster transactions.

[ethereumhunter]

I don't think that bitcoin can be useful for a troubled economy especially if the bitcoin price itself still volatile like today because when the price is down too deep, there will a big panic from the people from that country and they will rescue their money first. but for people which live in the troubled economy, I am sure that this will help them to make money because they can do many things in bitcoin and I am sure that there are not just bitcoin, but they can also make money from the other coins.

[Allura74]

yes I think so, because with bitcoin I can get profit and earn extra income which of course very help my economy and finally I have economy and life better so bitcoin is very helpful

In some point bitcoin will really helps for a troubled economy since the most affected are the people who particularly live by that country and possible effect is the rising of unemployment and that problem alone the bitcoin plays a vital role in solving financial crisis by the people who have no income because of being unemployed.

[Clover_Faith]

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

Actually it is possible as long as bitcoin in alive and helps people to earn enough so it doesn't matter.. Bitcoin can help if there is a trouble happening but this is only to the people who use bitcoin not all people. So maybe they must better learn on how to use bitcoin in case if it os happening.

[Morgann]

It is very possible having the bitcoin/cryptocurrency help stabilize a troubled economy. There are oppositions to this becoming a reality even as the cryptocurrency world is being attacked. But on the long run when the governments of the world countries come to terms with the advantages of the blockchain/cryptocurrency then the reviving of dieing economies can start happening.

Yes bitcoin can be useful for troubled economy if the country is legalizing cryptocurrency on their area, there are a lot of people today who prefer trading in the market more than working on the corporate world because they believe that the price will grow as the times goes by depending on the supply and demand of investors.

[7Dyoknga5]

I might help. Bitcoin can help move products/ goods in the market, it can make movements in the stocks market as products are consumed.

But if the economy is suffering due to low production of resources, bitcoin can't do anything about it.

[terbetet]

Yeah, True indeed. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare.

I agree with that, and here in our country I see that as one of the major reason why our country accepted this forum, I see our country as one of the least progressive countries these days and I think Bitcoin is not necessarily limited in the labelled for it to be used just to have money but it also a  platform which serves as a medium of the investors to offer well guided and innovative services and it was actually greaf since the capability of this forum is being extended, no more labels and certain limit to possessed, and this forum is an open-source and verh accessible for everyone.

[Linhkej]

That's right, because we can bring a lot of money from foreigners back to our country. That makes the economy of the country significantly increased if many people succeed in the field of Cryptocurrency.
But most of the traders have little capital loss. Because the Cryptocurrency market is always manipulated because of very little capitalization. Please invest carefully because the Crypto market is a lot of risk.

[shesheboy]

Bitcoin can be useful for a troubled economy

well id say that really depends on what is thier trouble all about. if the country is in trouble for money or from financial crisis , i think bitcoin could possibly help them because there are now lots of jobs online that pays in bitcoin therfor these can somehow provide them an extra income. although bitcoin related jobs must not be prioritize because real jobs offline are stilll more secure and can guarantee a long term working relationship than on part time jobs online.

bitcoin can also help people to improve the way they pay because bitcoin is a more advance and more high tech version of payment method that can deliver a fast , secure and easy transactions around the world .

other than that , i dont really think of any ideas about bitcoin helping the economy.

[BartS]

But it does require a good reception from the country government, it can indeed help in economic terms.. but here certainly requires a very good reception until it really can be supported and more attention to deepen it and also can push from the economic side of the country government. Well though not yet seen all countries can make it happen.. but there's a possibility later it really will be.

People forget that bitcoin not only eliminated the middle man when it came to banks bitcoin also eliminated the necessity to get approval from the governments, it is true they can make it illegal but if the situation of the economy in your country gets really bad people will use bitcoin whether is legal or not, this is what is happening in Venezuela where the government made bitcoin illegal and people prefer to take the risk with bitcoin and face jail time than to keep living in terrible economic conditions.

[LuciferEveningStar]

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 can always improve the economy of a country because the profit from cryptocurrency is very high and trading in the market can actually become the source of income for our daily needs.

[$anounimus$]

yes you are right bitcoin could be the solution of a troubled economy in the future, with bitcoin and the technology used by bitcoin seems to make bitcoin one of the best and most appropriate solutions for the future, just takes time to apply it.

[SolomonSollarsNSense]

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 depends, it can even be the worst decision that was ever made. Not everyone in your country is interested in Bitcoin, so even if you invent it, I don’t think it will be helping the economy of your country in any way unless everyone there decides to work hard towards achieving something from Bitcoin, and that will be by them all choosing to invest their money and time into it, if they are able to do that, then they will make something out of it for sure. Trust me.

[Coinredd]

Of course. Bitcoin can help a difficult economy. Bitcoin is a help for people who are struggling with the economy. Bitcoin helps people raise their economies. Like me this, bitcoin helps me in financial matters.

[MCVXYZ]

It's obvious,bitcoin allows  us to convert our  electricity to cash and get much more money if we do things properly,What about troubled countries and their economies of course there we have very bad picture because at this moment bitcoin is not enough to recover or improve country's economical conditions but it may be helpful for the society to earn an extra money(I think people who live in country with troubled economy,average they can earn  from 800 to 1000 $ in one month if they learn and use this knowledge properly),but at the same time there maybe the risks related to ,,go out'' of country's money,which needs distinctive approaches.

[Topaz72]

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 Bitcoin and other altcoin are very useful for countries with troubled economics especially in third world countries. They can paticipate in bounty campaign or invest in bitcoin. They will get alot income.

Bitcoin is going to be the best economical developer for us, we are now earning good amount of money through bitcoin, it gives us the opportunities of making our life good, and it is individually it has fine connecting with our economic life, I think now a day bitcoin is making everyone rich very fast but we will have to focus on our goal of being rich, bitcoin gives jobs to all people those who are suffering unemployment, will get good job as an online source of income.

[Dodongbtc111]

Yes, I think Bitcoin can help development countries economy. Bitcoin can give job and give income to investor or bounty hunters. This can help increase economies money coming from outside source.

[Best Dreams]

Of course. Bitcoin can help a difficult economy. Bitcoin is a help for people who are struggling with the economy. Bitcoin helps people raise their economies. Like me this, bitcoin helps me in financial matters.

Yeah bitcoin gives us financially freedom and it helps us earn good money for safety of future. Bitcoin makes us economically good and strong because it gives us opportunity of saving our economics, we should hold our bitcoin for long term so it will helps us earning, more, bitcoin gives us chances of earning even at the most critical situations of lowest price, buy low and selling high is our one and only way of increasing profit and being economically strong,

[liseff3]

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. 

True, this has been proven as in the country: South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria. In those countries the demand for Bitcoin has risen as much as 10 percent. Not only that bitcoin has also been declared a valid payment instrument which can be converted into money cash with a sharp discount on the black market.