Bitcoin can be useful for a troubled economy

[geegaw]

I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto.

I don't think crypto or bitcoin plays an important role in changing a country's economy because this is an investment, we rely on the fluctuations of bitcoin and crypto to make money and of course, we can also lose money when fluctuations do not follow what we want, so even if the government accepts crypto, the economy is still hard to change dramatically when only a few people can make money, many can become victims. The usefulness of crypto and bitcoin is only for those who manage and use it, it only comes to a small number of individuals, not for all

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[Best Dreams]

I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto.

Yeah for me this is true because there are so many countries who are accepting crypto currency because it has given them better economical life and it has given people of the counties more chances of earning with online jobs as in my country now unemployment has become reduced with help of crypto currency so the same way it has good economical effect on our country.

[oriontab]

The analyst at Goldman Sach are right on this as regard bitcoin, Governments in a failing economy are often the cause, printing more money and causing inflation, I wish JP morgan will listen to these guys

[Ayiranorea]

I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto.

Yeah for me this is true because there are so many countries who are accepting crypto currency because it has given them better economical life and it has given people of the counties more chances of earning with online jobs as in my country now unemployment has become reduced with help of crypto currency so the same way it has good economical effect on our country.

It is not such a kind of economic relief, a troubled economy is something that a country experience out of inflation and other forms of corruption, lack of development, lack of proper governance and various other factors. What the earning people get out of cryptocurrency is very low when we talk about the economy of a country. There is possible solution with get rid of economic problems in a country with cryptocurrency adoption, but the same can't be achieved instantly.

[fauzan Ichsan]

I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto.

Yeah for me this is true because there are so many countries who are accepting crypto currency because it has given them better economical life and it has given people of the counties more chances of earning with online jobs as in my country now unemployment has become reduced with help of crypto currency so the same way it has good economical effect on our country.

It is not such a kind of economic relief, a troubled economy is something that a country experience out of inflation and other forms of corruption, lack of development, lack of proper governance and various other factors. What the earning people get out of cryptocurrency is very low when we talk about the economy of a country. There is possible solution with get rid of economic problems in a country with cryptocurrency adoption, but the same can't be achieved instantly.

if only a portion of the community earns income from crypto, indeed this does not help for economic recovery. but if the government is making changes, like Venezuela, by legalizing and even changing currencies with crypto, maybe things will be different.

[rosebrand]

I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

Cryptocurrency can play a vital role to change economyof any country. Many countries who accepted/approved cryptocurrency to their people are getting the benefit of the cryptocurrency. Those who has not approved those have not got any bless of crypto.

if we focus on developing countries and even more down again, the majority of governments still reject their use, this is really ironic because the economic expectations of individual societies actually benefit. Classic reasons from them are still around inflation and fear of unnatural transactions. However, bitcoin can still be used by anyone without going through the current legal procedures of the government, it is very useful in an individual economy.

[TrevorS]

How can unstable Bitcoin be useful for countries with unstable economies, make it even more unstable? I do not understand this statement. Weak countries need to invest not in bitcoin but in small business.

[Kittygalore]

Yes i think bitcoin can be  useful for economy growth and improvement, infact I've found a project named AfriHealth which offers HealthCare Services in Africa itself. Considering the fact that Africa is not the most well developed nor well-equipped country with regards to health care, I've gotta admit that the project is quite well done. It focuses in one of the problem that africa faces and need to resolve, because of this app which helps most of africans to obtain health benefits and fast response for medical emergencies. This health app aims to contribute in the development of medical facilities and overall improvement of health care in the whole country, and it offers health insurrance to the population of african continent, this project is quite a big stepping stone toward its improvement, right?

Bitcoin is undoubtedly very useful when it comes to financial sector of any countries. However, bitcoin transactions would not be possible if blockhain technology was not invented. The nature of blockchain technology can be can now be applied to any need for a trustworthy record. The blockchain is a distributed ledger that maintains a shared list of records which can be viewed publicly making it more transparent to the people who are using this technology. Due to the fast growing use of Blockchain, it also reached the medical sector wherein few of the project in the African country which is a 3rd World Economy takes the advantage of using crypto in their healthcare services. It is good to see that they are adapting for a good cause for their country and to their people as well. I like the idea on how they will use crypto for their medical services such as Purchasing Medicine, Ambulance Booking, Health Insurance  and an online Doctor's Appointment packed in one application called Rigour+.

[munareal]

Bitcoin has created a technology that can do so much. Its technology can be used to create solutions to so many things pertaining to all aspect of our lives. A troubled economy can be stabilized using cryptocurrency just like Venezuela is experiencing due to hyperinflation. They have created a national cryptocurrency so as to come out of the economic crises.

[mbluxs]

How can unstable Bitcoin be useful for countries with unstable economies, make it even more unstable? I do not understand this statement. Weak countries need to invest not in bitcoin but in small business.

of course bitcoin will not continue to be unstable and will certainly be stable in the green sense of course if the country is smart they invest when bitcoin is growing as it is today and will surely reap the benefits. a country must also need a business that has large and fast profits such as bitcoin if it's stable.

[Yukyzu]

Bitcoin has created a technology that can do so much. Its technology can be used to create solutions to so many things pertaining to all aspect of our lives. A troubled economy can be stabilized using cryptocurrency just like Venezuela is experiencing due to hyperinflation. They have created a national cryptocurrency so as to come out of the economic crises.

bitcoin is indeed a technology that can be used for a crisis in a country. however, its use must also be appropriate, because after all, adopting bitcoin also has risks. I am sure, if used properly, it can be overcome. but, I think the real use is to use the blockchain.

[vasrasus]

Bitcoin has created a technology that can do so much. Its technology can be used to create solutions to so many things pertaining to all aspect of our lives. A troubled economy can be stabilized using cryptocurrency just like Venezuela is experiencing due to hyperinflation. They have created a national cryptocurrency so as to come out of the economic crises.

bitcoin is indeed a technology that can be used for a crisis in a country. however, its use must also be appropriate, because after all, adopting bitcoin also has risks. I am sure, if used properly, it can be overcome. but, I think the real use is to use the blockchain.

Having decentralised economy or government that all transaction were visible can lead to a better politics and distribution of budget. It is decentralised that it can help poor economy to managed the resources. Effectively with throughout investors.

[Assface16678]

Yes i think bitcoin can be  useful for economy growth and improvement, infact I've found a project named AfriHealth which offers HealthCare Services in Africa itself. Considering the fact that Africa is not the most well developed nor well-equipped country with regards to health care, I've gotta admit that the project is quite well done. It focuses in one of the problem that africa faces and need to resolve, because of this app which helps most of africans to obtain health benefits and fast response for medical emergencies. This health app aims to contribute in the development of medical facilities and overall improvement of health care in the whole country, and it offers health insurrance to the population of african continent, this project is quite a big stepping stone toward its improvement, right?

Indeed. bitcoin can be useful for the troubled economy that they can help to lessen unemployed people in a country because it can give an unemployed person a good source of income. I also agree with you that the project that you have mentioned which is Afrihealth is a great blockchain based health insurance service that every people could get an insurance with a less effort by just one click and downloading their own mobile app because they could easily purchase medicines, get a doctors online appointment, call an ambulance, and etc. This project aims to provide superior medical solutions to the African continent, ultimately building a more efficient medical care ecosystem.

[bonker]

Definitely make some sense to change our economy it is enough for the Bitcoin to change something in this field so so if if the Bitcoin is ready to accept by the people and the government then it can do a lots of things for the people.

[mrdeposit]

How can unstable Bitcoin be useful for countries with unstable economies, make it even more unstable? I do not understand this statement. Weak countries need to invest not in bitcoin but in small business.

It is not possible for countries to apply btc in a short time. It needs many years and this will be the main reason for the increase. The increase in price will increase the market price. Therefore, the volatile price will be much calmer. Also, after the helm comes to the hands of the countries, the whales will not be able to move easily.

[Palmaper]

In fact, the global economy is in trouble, and the need to find a valid solution for the continuing economic crises was one of the main motivations that led to the creation of bitcoin.

Therefore, we must promote the importance of bitcoin as a store of value for those who are aware of the falsehood and debt behind fiat money, and as a means of exchange for those who aspire to a better and more just society.

[Kimonoe]

How can unstable Bitcoin be useful for countries with unstable economies, make it even more unstable? I do not understand this statement. Weak countries need to invest not in bitcoin but in small business.

It is not possible for countries to apply btc in a short time. It needs many years and this will be the main reason for the increase. The increase in price will increase the market price. Therefore, the volatile price will be much calmer. Also, after the helm comes to the hands of the countries, the whales will not be able to move easily.

I agree, at that point when all countries implement it, fluctuations can be reduced. so that it is possible for legitimate bitcoin as a currency, returning to the original purpose of creating bitcoin

[centhiniz]

complicated economic structures for the government economy cannot regulate many matters relating to fiat-crypto, this will cause many obstacles related to the form of amendments that are not fully controlled

It can only be effective at least for individuals, not institutionally. In addition, if you are facing systemic problems, it will be more complicated to manage structured things.

[LUCKMCFLY]

Well this is very logical, because in countries where economies are not stable is always true that bitcoin can generate great benefits for those who use cryptocurrency, this works very well for countries with very high inflation because it will always be a deflationary economy and not inflationary, in fact it has been seen that the bitcoin thus goes down in price, in the local economies of countries that manage not so productive economies, it may be that the exits with bitcoin are always going to be viable, this occurs because the countries with currency local that suffer from inflation will have changes to the downside all the time, but bitcoin has a comparison with USD or Euro, which, represent very stable economies, and what more accelerates its value is that in any currency in the world can be . When comparing any economy of a country that does not handle or have currency controls, bitcoin escapes all these controls, that is, they can not control it, even with laws or taxes, because transactions are usually done where bitcoins are exchanged for local money or any currency, without going through the control of governments or banks, the only one that will be used as a secondary tool is banks, which is the ideal use that must be made, what they are made for, and not to control, however Care should be taken with the volumes of money that are going to be taken out of the bank because it can be the target of relevant investigations for making or having large amounts of money.

But in countries like Venezuela, the bitcoin will always be the exit, because it is a country that imposed exchange control by the nefarious governments of communists that have turned out to have total and economic disaster, this is due to the bad management of them, it is why here in this way is that the bitcoin economy has great momentum and will always be the best business

[Yukyzu]

Indeed economic problems are a very important issue in our lives, if the economy is destroyed then we will all be destroyed and there will be many problems, so bitcoin can help us in this economic problem by the way we join bitcoin and invest or something like that  and follow some gifts

I still don't really understand how Bitcoin solves a country's problems, but I think it really can. when a country has a not-so-good economy, and a lot of unemployment, bitcoin can be the solution. reduce unemployment by giving birth to many crypto businesses. well, I guess it's able to overcome the problem depending on how the government uses it.