Bitcoin can be useful for a troubled economy

[trangoccho]

Bitcoin has really been the best choice for the citizen and it has been of great help to a lot of them. Goldman is right! Its nice to see something like an objective analysis. It contrasts with "bitcoin is a bubble" predictions doomsday. The goldfish can be invested in bitcoin and crypto and so they are taking a passive positive approach in trying to say good things about bitcoin.

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[Nunoluck]

Yes, bitcoin profide side income for some people. Bitcoin price is not directly influenced by world economy so people who hold bitcoin is lucky when world economy getting worst. Fiat system is not fair anymore thats why there are many trouble on our economy.

[gowobonyok]

quite good, because when the exchange rate of a country's currency against another currency down, or too low, can use bitcoin as a valid means of payment. because the bitcoin price is definitely with one exchange rate strength.

[stellgod]

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

Lol that’s a very big lie. Bitcoin can’t help you unless you work for it. Bitcoin only helps those that works hard and not those that don’t work for it and be sitting down waiting money to come from no where lol. Some of these usually try to make Bitcoin seem easy especially to newbies, it’s not good. I do see some people saying that BTC is free money like we don’t work for it. Funny, this is why newbies will get in and be acting lazy and careless until they end up as losers.

[ganlianshifu1]

The people of Venezuela use BTC to inflate the country!
People are forced to use bitcoin to provide their families with basic necessities such as food, medicine and clothing.

[Inasal03]

Yes it can use bitcoin for a troubled economy. If the government accept the bitcoin it will help the economy for the country also for bitcoin it gave more money and it will increase the price.

[crisnel26]

Yes it can use bitcoin for a troubled economy. If the government accept the bitcoin it will help the economy for the country also for bitcoin it gave more money and it will increase the price.

It is a good opinion, however Bitcoin, or cryptocurrencies in general, are volatile and changes their value every time. Relying on digital currencies will be risky for an economy. I could only suggest that it could only be used and only co-exist with the fiat money.

[dublados]

Truly, in beset economy of a situation or nation, how to survive turns into the battle of the general population and if bitcoin is accessible they are clear to survive, even in my nation we have been doing combating with economy subsidence however we have dependably possessed the capacity to survive the obstacles with this incredible opportunity.

[Indra32]

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

I think if the government supports bitcoin then it will definitely increase the price and bitcoin can help more people
I think that bitcoin can help people get out of poverty and provide a better financial future, many people including me already feel the effects of bitcoin, bitcoin can provide new income and job opportunities that can help people to get a better life

[ReiMomo]

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

[slyfox]

I agree, bitcoin can overcome or be useful in overcoming a troubled economy. because it can provide income for those who do not have a job or those who have a regular job as additional income.
hence they will not have difficulty in economic terms, especially basic needs or daily needs. and very beneficial for those who have low and medium economy and bitcoin is very helpful to them.

We are seeing bitcoin helping people in countries with problems with their economies already this happened in Argentina some time ago and now it is happening in Venezuela, and when an economic crisis strikes again the world, we are going to be ready and we are going to have a currency which is at least decade old and that will grow in usage thanks to those failed economies.

[befriendmywater]

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 do not think it would be good for a troubled economy. Bitcoin prices fluctuate according to the market economy. When the market recovers, investors withdraw and run, affecting the cost of Bitcoin as happened in May. I think real estate will be most useful for a downturn. .

[Marlo0619]

Yes it is very true. Bitcoin helps people a lot when it comes have an extra income even they have a stable job and a stable income. When people decided to use cryptocurrencies like bitcoin, the made the greatest decision that they made in their entire life. Because cryptocurrencies like bitcoin can make people rich. Some people bacame super rich because not only they are using bitcoin but also they are investing money in it. And that is the reason why bitcoin helps the economy.

[concept2]

I agree, bitcoin can overcome or be useful in overcoming a troubled economy. because it can provide income for those who do not have a job or those who have a regular job as additional income.
hence they will not have difficulty in economic terms, especially basic needs or daily needs. and very beneficial for those who have low and medium economy and bitcoin is very helpful to them.

We are seeing bitcoin helping people in countries with problems with their economies already this happened in Argentina some time ago and now it is happening in Venezuela, and when an economic crisis strikes again the world, we are going to be ready and we are going to have a currency which is at least decade old and that will grow in usage thanks to those failed economies.

In term of a whole country, I'm not so sure whether bitcoin would brighten a nation's economic situation since its price is unstable and unpredictable and it also depends on whether that country's government is willing to accept bitcoin. But for those who is struggling to make a living, bitcoin would be a brilliant choice since it can fulfill their basic needs and provide them with a considerable amount of profit. I have seen many of my friends who used to live on the breadline have become richer and led a successful life thanks to bitcoin.

[GangNamSK]

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Exactly. The BTC will be useful for a troubled economy and there is no doubt about that.
Countries that have accepted Bitcoin and electronic money are thriving in their economies
Other countries are also thinking and planning to accept Bitcoin for their economy to grow but are just stuck with the rules and regulations that need to be made.
This shows that BTC will help speed up the difficult country out of danger, I think so.

[Haliburton]

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Bitcoin is now considered by many as digital gold. As such, it has all the properties that makes gold unique, such as scarcity, and reliability, but better in my own opinion. Bitcoin is portable and easily transacted across borders, while Gold is not portable and it's very difficult to transport it around the world. Taking this into consideration, it's no wonder why many people (including governments) are interested in owning and using Bitcoin for their own benefit.

Maybe in the future, Bitcoin will replace Gold, making it the standard safe-haven asset of the world. And when this happens, you can rest assured that Bitcoin will be ideal for a troubled economy. It's been useful already, but it can be better as it upgrades into a scalable cryptocurrency for the masses with its Lightning Network.

[jonikris]

yes I think it is true with the bitcoin can support the state "which the economy is disturbed and can take the status of people in the country so that they can live prosperous and berecuk

[Gumpfire]

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 agree that bitcoin can be helpful and useful for troubled economy because it decreases unemployed people in a country that gives them a good source of income and it can be a good alternative currency. But there are still countries who don't believe in bitcoin and cryptocurrencies.

[christysmile]

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Bitcoin is now considered by many as digital gold. As such, it has all the properties that makes gold unique, such as scarcity, and reliability, but better in my own opinion. Bitcoin is portable and easily transacted across borders, while Gold is not portable and it's very difficult to transport it around the world. Taking this into consideration, it's no wonder why many people (including governments) are interested in owning and using Bitcoin for their own benefit.

Maybe in the future, Bitcoin will replace Gold, making it the standard safe-haven asset of the world. And when this happens, you can rest assured that Bitcoin will be ideal for a troubled economy. It's been useful already, but it can be better as it upgrades into a scalable cryptocurrency for the masses with its Lightning Network.

Very true. Bitcoin is already replacing gold in the markets as people are using it to hedge against global risk, especially trade wars. Gold should be much much higher than it is right now because of what's going on between the US and China, but it keeps crawling lower. Instead, the capital is pouring into bitcoin based on what we've seen happen to the price in the last few days. Especially if it becomes scalable, there will be nothing standing in its way like you said.

Saw a good article on this:
https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#5641e1481c32

And it's strange that Goldman would be recommending this. Maybe IMF austerity measures aren't doing the trick anymore?

[Neraj Evad]

Bitcoin can really be useful for a trouble economy for it can help simply to the unemployed people to join the bounty signature campaign in order to have an earning to sustain their daily needs, peoples with no jobs can contribute to the crises of economy, so they earn through bounty so this jobless people can help contribute to troubled economy.