Bitcoin can be useful for a troubled economy

[Darker45]

As for me, Bitcoin is useful not only in a country where there is troubled economy but also to all the countries. Fiat money is an old money that should be replace with something that perfectly fits the circumstances of the present. And that would be Bitcoin, the leader of all digital currencies. However, we should not look at Bitcoin as a healer of a troubled economy. It is just a currency.

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[bocah cilik]

Yes it is true, using Bitcoin or Altcoins, can help economic growth. For trade, I feel it is much easier than using FIAT money or bank transfer. It does not take long and does not require an intermediary fee. Even the amount sent does not have certain restrictions.

[Ursuladaughter]

For true investors, they will have business strategies. They will pay back the profits to the problems of society and solve the difficult economy.

[phandiep]

As for me, Bitcoin is useful not only in a country where there is troubled economy but also to all the countries. Fiat money is an old money that should be replace with something that perfectly fits the circumstances of the present. And that would be Bitcoin, the leader of all digital currencies. However, we should not look at Bitcoin as a healer of a troubled economy. It is just a currency.

Your thinking is too narrow, you just look at the usefulness of bitcoin with your perspective and not recognize the perspective of the whole world, you join and feel bitcoin is useful but the world and many countries do not participate in bitcoin, they can not see the usefulness. In addition, the economy is troubled and problematic, this is mainly due to the management of the government and the people of a country, they lack so much knowledge, and Bitcoin can not help them supplement it, it's just a tool

[onepiece1995]

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 really agree with this opinion, because it is true that bitcoin can help the country's economy and reduce unemployment, of course. so that an economy of a country will add to the existence of a society that uses bitcoin

[Samolet]

As for bitcoin, this is another possibility, it's a parallel world. All banks in the world have so much regulated transactions that this has led to the collapse of the entire financial system. Any transaction is considered under a magnifying glass, additional papers are required under the threat of closing the account, without court you can block transactions the business rises !!
The cost of transactions is growing, there is no alternative. Large banks charge incredible maintenance bills. Keeping money in the bank brings a meager income, and the risks of losing money as a result of "regulation" are huge.
So think the bankers who is to blame for the appearance of bitcoin.

[.Bitcoin.talk.]

This can be true but I think for now its only for Zimbabwe's case

[Violettochka]

I think so as well. BTC and blockchain can really help economy of a country to develop because it's the whole new system and its principles seem very good to the economy.

[orarider]

Yes, bitcoin and altcoin will help the troubled countries. Many ICO projects will attract investors. The national economy will develop. The banking system will change to pay the coin. The electronic money market will be vibrant, creating momentum for economic development.

[Dark Sky]

Yes, bitcoin and altcoin will help the troubled countries. Many ICO projects will attract investors. The national economy will develop. The banking system will change to pay the coin. The electronic money market will be vibrant, creating momentum for economic development.

Yes, Bitcoin can improve the economy of those countries who are troubled by poor economical situation and their people can make much more money for their poverty life, so that's why those countries will earn a lot of money and they can recover many social works for their citizens and I think it will happens very soon and every government will accept this currency for their economic improvement. 

[cherryfer]

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

Exactly Bitcoin should use being as an alternative source of income during the trouble economy and even this time while bitcoin is still on negotiation and analyzed with individual and government it will continuously operated and provide to all  the people needs.

[Exclusives]

Yes, I have been helped by Bitcoin, I use the market to get additional profits after I go home from work. 
Bitcoin is very easy to use to trade, without a third person, it makes it easy in the trade economy if you use it.

[Edgegeraldine]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

[jjohnathn]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

I don't think it can help be useful for troubled economy. The reason is it can be used in crimes too. Bitcoin is using anonymous and criminals are involve with it. They can sell weapons with hiding transaction which can destroy the economy more.

[Ycekezuv]

 When people lose faith in a currency, the typical reaction is to start using another currency. Traditionally, money has simply flung to the most stable currency and this has typically been the U.S. dollar. But bitcoin has a couple of advantages over old-fashioned cash.
 First, it isn't controlled by a central authority. In countries where people are increasingly distrustful of how central banks and governments manage the economy, bitcoin might seem like a more sensible alternative.
 The second advantage is that bitcoin can be easier to obtain than other fiat currencies. It can be bought and sold via bitcoin exchanges online.
 People might like the idea of fleeing a sinking currency in favor of a digital one with no central control, but there are potential drawbacks. The price of bitcoin has historically been extremely volatile although regulatory concerns in 2018 have tempered its volatility somewhat.
 Those who sink large amounts of money into it could find their net worth rising and falling like a ship on an ocean squall all the same. People in troubled economies could find themselves in even more trouble than they were in originally if they begin using bitcoin as some kind of safe haven.

[arnaudel98]

Bitcoin can restore a troubled economy. This is reflected in the fact that the commercial activities of the country have attracted large investors.

Bitcoin can helps poor people but it also harm full for them. Their government never give permission to using it.

[BaraxLo]

For true investors, they will have business strategies. They will pay back the profits to the problems of society and solve the difficult economy.

There is something called corporate social responsibility which is the name of giving back to the society by performing humanitarian works but it has some benefits for the business as well. This in tern advertises their product in the market and more and more people shifts to using the goods by the company.

Also there is a factor called altruism which is the name of giving back and many people give back to their community by helping the needy which maximizes their utility. These are the benefits of Bitcoin for a troubled economy. Introducing job into the economy is the best thing it has initiated.

[Haliburton]

bitcoin is able to act as an economic alternative and even become a way out when people or countries are still in stable condition

This has not been proven in countries that have just acted actively and changed after experiencing panic in a prolonged crisis to use bitcoin in a sovereign (inflation) system, even Venezuela has not been able to make their economic situation more positive.

I concur. Bitcoin has been a viable alternative against the dreaded inflation and manipulation of fiat currencies around the world. Every time Bitcoin becomes scarce in supply, it become more valuable than before. For this reason, people are considering Bitcoin as a serious investment for the long term, and to protect their capital against declines within their nation's economy. Citizens of Venezuela have already noticed the benefits of Bitcoin and have been leaving their Bolivar currency behind.

Since Bitcoin is decentralized and is not adhered to any country, Bank, or entity, it's the perfect remedy for a troubled economy. If it remains as is, then it'll be the ideal choice for anyone looking to save their money against catastrophes for a very long time. But, if Bitcoin becomes centralized, then it will be just like fiat currency subject to control among a group of select individuals. All in all, this is very unlikely to happen in the future, as Bitcoin remains the perfect currency for troubled times.

[Shimmiry]

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

Well if this is the case, the government who do not have the good economy must consider entering into cryptocurrency market. They need to realize what is the perks of starting with cryptocurrency. The potential the cryptocurrency has and such. If it will be mandated to different countries then probably the market of cryto will not be volatile anymore. Better plan for better future.

[Layers318]

Practically yes, Bitcoin can be a major boost for the economy of a country. With Bitcoin, there is financial satisfaction for everyone as the people get to earn profits for holding Bitcoin. The money will be circulated among the people without any central authority dictating the inflow and outflow of money. Bitcoin generates job opportunities which will further boost the economy.