Bitcoin can be useful for a troubled economy

[AMLMPS]

I think time will come that bitcoin will definitely lead the way for our digital economy.  Our current fiat system has also downfall and we don't exactly knew now if the money being printed is really backed-up by gold reserve or they are just printing it. With our digital world nowadays, we need a digital currency to cope up with it.

[MiXxe]

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.

I agree. Even if government have no income from bitcoin yet because they haven't legalized it yet, bitcoin has been helping the economy already. Why because we people do pay taxes to them directly. Bitcoin indirectly helps the economy. Of course we earn from bitcoin and what we earn are spent within the economy.

[mkhadazz]

yes you are right it seems bitcoin can be a very useful solution for economic problems and can make world economic conditions more better than ever by utilizing technology owned by bitcoin.

[yanixbtc]

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.

I too believe that bitcoin can be useful in a troubled economy because it gives great opportunities to anybody in all walks of life to elevate their lives. Bitcoin can eliminate poverty specially in the countries that have less job opportunities.

[King money]

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.

I think bitcoin has really become the best choice for the citizens and it has been very helpful to many of them. Goldman sach is perfect!
Zimbabwe is an excellent case study and for those who really know about the economy of this country, they will know how annoying it is a very long time that keeps their currency over eliminated and with government policies and all that limited people from being able to do international transactions

[BitcoinCommodor]

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.

Not like so fast but yes, it can give them best support that no other source can give. Bitcoin is so strong that it has made the life of crypto increased. There are so many other coins as well that are constituent of crypto, but bitcoin makes the world amazed with its performance and fame. Now, countries are continuously trying to establish best pillars of crypto to make their future secure.

[hexline11]

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 mate. Bitcoin can become a secondary choice for troubled economy which bitcoin has a great price value this day. If the cryptocurrency gain more attraction this will be a great economy soon.

[CoinSlayer]

Bitcoin is an economy booster for any country we can see many country fate can be changed once they approve bitcoin as legal currency but most of the country governments are nt in a position to take this step

[SirLancelot]

It’s making no sense to me, no single reasonable point on why or how it can be helpful to a country with a bad economy. The truth is that any country with a bad economy just needs to work very hard to free themselves from such a situation. Mostly we can have the government of that country to blame.

Most of these politicians you see these days are no longer interested in doing what is needed to improve their country’s economy and make the country a better place, all they care about is money and stealing from the country and pushing their wealth to other countries.

When politicians are acting that way, tell me how the country will ever succeed, since everything that is coming into it is being pushed out from the backyard by their so called leaders? Bitcoin has nothing to do here. When it come to Bitcoin we should only be talking about our personal lives and not Bitcoin.

[Bakemat]

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 bitcoins can be useful for troubled economy because they can create their own mining hardware just like japan's way of earning profit from cryptocurrency and they use it to improve their own economy.

[s0beit]

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 has really a big impact in the economy and it's growth. However, bitcoin alone can't change the economy but through the users and investors around us. It plays a vital role in the economy because most people who has sustainable life was changed by bitcoin. It changed some aspects and factors of the economy through the stability that it provides most of us.

[intoy_victor]

Will there are many cause of trouble in an economy country to solve by bitcoin. Example the of the fastest to send money. And also bitcoin could be a good conductor of money by earn or mining. Bitcoin can also reduce the poverty that is one of big problem of a country.

[goldade]

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

The use of bitcoin and other cryptocurrencies can help save the troubled economy of a nation. Bitcoin plays a very important role in improving the economy. Many lives have been changed because they were involved with bitcoin and because they have been able to make profits that would not have been made if they were not dealing in bitcoin. If the number of the people dealing in bitcoin continues to rise,  it will get to a point where individuals will be able to sustain themselves without the help of the government and this will ultimately help to improve the economy.

[Haliburton]

Yes sir. Bitcoin can be useful when the real-world economy collapses. Since it's a digital currency that's scarce, secure, and decentralized, it's the perfect haven to protect your investments for quite a long time. Honestly, I see Bitcoin as a better option to secure your investments than Gold. This is simply because Bitcoin is portable, divisible, and can be transferred easily across borders (unlike Gold).

Therefore, in all means, Bitcoin can become an extremely useful cryptocurrency for a troubled economy in a world filled with many corrupt governments, and fraud. It's better than real hard cash, Gold, and any other asset you can think of IMO. Hopefully, Bitcoin can become recognized by more people across the world as time passes by.

[slyfox]

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

This is true but governments that are in bad shape think bitcoin undermines their authority instead of being happy their citizens are able to somehow escape the consequence of their mistakes they get mad and ban bitcoin and even try to put in jail the people that are using bitcoin instead of their failed currency so we must remember that if you live in a country like that governments only care about themselves and do not care for their citizens at all.

[Rakesh_alejandro]

I don't think positively it will but it may help given that bitcoin will be stable also. But when volatility is causing a problem then it is possible that it will only add to the trouble and it won't help that much to the troubled economy because there is not much to gain.

I think the same as he said manipulation price if the price no improvement, it would be a big deal. and not all can use this is because some stay in rural without electricity and with the poor as well. Yes it can be useful and it can really help but can be implemented in the future if the problem of cryptocurrency been corrected.

[Marcsymon]

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.

Strongly agree. And this can be proved in our country that some people are job less due to less of companies or industries to work with. But with the presence of bitcoin industry peoples make used of it to survive this troubled economy, by participating it effectively like joining some bounty campaigns just to earned rewards for a sake of survival living. In this way bitcoin helps troubled economy in our country.

[Lagrood]

Goldman Sachs forget to mention that there is another using of crypto currency in developing countries and in countries with a troubled economy. Surely I mean a corruption and a shadow economics where crypto technologies are very attractive to use because it is possible to hide "dirty money". I do not have any statistics but I am pretty sure that criminals also may use crypto money, transactions for their purposes.

[BartS]

I think time will come that bitcoin will definitely lead the way for our digital economy.  Our current fiat system has also downfall and we don't exactly knew now if the money being printed is really backed-up by gold reserve or they are just printing it. With our digital world nowadays, we need a digital currency to cope up with it.

We know exactly what kind of money the governments are printing, there is a reason it is called fiat currency, in case you do not know fiat means decree or order, so a fiat currency is a currency by decree, in the past currencies were not created by decree but by a free market choice which is why gold and silver were chosen all over the world as a currency, so there is nothing backing a fiat currency since it has value just because the governments says so.

[Wingo]

Bitcoin as of today, is not a good choice for a troubled economy. It is more likely a store of value, an asset for investment but not as a medium of exchange because it not efficient. The network is too slow. Alts in the other hand can fill the downsides of bitcoin's network, alts like ripple, dash and litecoin which has a fast network for transactions and more efficient compared to bitcoin today.