Bitcoin can be useful for a troubled economy

[Pamadar]

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.

it can be useful if it can be utilized as best as possible and maybe for now it can still only be for some individuals, especially bitcoin investors because the government has not fully legalized the crypto currency as the prevailing currency, perhaps as the development and economy can happen

Good point, if being implemented correctly then it can help the economy to be lifted by this currency, things can be possible if the govern bodies will be open to any changes that's needed to be complied while using this system, if adopted in the right manner it will help the financial side, fate will dictates
if this adoption will happen to any institutions around the world.

[1715058911]

1715058911

[Victorycoin]

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

Oh really? Bank of every countries take fixed deposit from their clients how much returns they may take? Every bank give fixed deposit to central bank how much returns they can get? Every central bank give fixed deposit to world bank how much return the may get and also every central bank keep US$ as reserve how much return they may get for that. Now compare all this with bitcointalk.

[bitzizzix]

Yes, bitcoin is very helpful for those who experience economic problems and make their lives better than before.
and besides that bitcoin can provide income opportunities for those who do not have permanent jobs or unemployment, and bitcoin is useful for anyone who uses it.

[Victorycoin]

Yes, bitcoin is very helpful for those who experience economic problems and make their lives better than before.
and besides that bitcoin can provide income opportunities for those who do not have permanent jobs or unemployment, and bitcoin is useful for anyone who uses it.

They should have experience not only for his economic crisis if they know only their economic crisis and do not gather crypto knowledge then they will not be able to improve themselves on the other hand they will fall on more crisis.

[Godday]

YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

in my opinion the results of the good and bad of the crypto currency investment depends on the intention and purpose of the investor itself because there are still many countries that perceive the crypto currency as negative and the results will be bad if the intention and purpose of the good investor will be good too

[awik p]

YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

in my opinion the results of the good and bad of the crypto currency investment depends on the intention and purpose of the investor itself because there are still many countries that perceive the crypto currency as negative and the results will be bad if the intention and purpose of the good investor will be good too

I agree, by having clear intentions and providing clear space, crypto will develop in its portion and not overtake negative activities. rather than being banned then many bitcoiners violated the ban so that it became an illegal activity

[jonaire99]

Bitcoin can't solved any country with troubled economy because it is limited in quantity and in use but it can a financial problem of any individual by investing on it before its price go up. In Venezuela, the people uses bitcoin to fight inflation and poverty in their country but it won't improve their economy because their government did not approve the use of it as a legal tender.

[Janation]

Yes, bitcoin is very helpful for those who experience economic problems and make their lives better than before.
and besides that bitcoin can provide income opportunities for those who do not have permanent jobs or unemployment, and bitcoin is useful for anyone who uses it.

How can you say that?

A poor individual can't just buy or invest their money into Bitcoin. We all know how volatile it is and it is not always giving profit. You need to be patient and if you are unemployed, you need a stable profit. Does BTC give stable profit? No, that is the reason we should not tell them that it is this good since if this really happening, the price of it should be at 6 digits now.

[gwdf1]

Yes, bitcoin is very helpful for those who experience economic problems and make their lives better than before.
and besides that bitcoin can provide income opportunities for those who do not have permanent jobs or unemployment, and bitcoin is useful for anyone who uses it.

In some countries, the economy is such a poor condition that inflation does not even let people earn. They get kilograms of paper money as salary and this money costs nothing. Bitcoin and altcoins can help.

[kodtycoon]

Bitcoin can't solved any country with troubled economy because it is limited in quantity and in use but it can a financial problem of any individual by investing on it before its price go up. In Venezuela, the people uses bitcoin to fight inflation and poverty in their country but it won't improve their economy because their government did not approve the use of it as a legal tender.

that means bitcoin is at least useful for those who use bitcoin, if their government is aware of it they will make bitcoin as a commodity that will benefit its people, as time goes by bitcoin will really be useful for the economy of a country that has problems with improving its people's finances

[otong]

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.

crypto and bitcoin currencies can be used by anyone and anytime the good results from the development of crypto currencies depend on intention and purpose in using the currency if managed properly of course the results are good and able to help too

[LUCKMCFLY]

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

Totally, since in some nations have many problems of inflation and to escape with bitcoin is a lot of help because bitcoin represents a totally deflationary economy, then the difference is remarkable. In some cases like Venezuela, with winning bitcoin the difference is much compared to all other jobs that have a salary.

[syamster]

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.

crypto and bitcoin currencies can be used by anyone and anytime the good results from the development of crypto currencies depend on intention and purpose in using the currency if managed properly of course the results are good and able to help too

Yes everyone is equally having the rights to use bitcoin, it has so many investors in the world from so many different countries, so if we are using bitcoin as long term investment we will be able to see it growing but if we are using it only to spend for our needs surely it will not grow bigger for us, it has so many benefits for our economy which even an ordinary people are taking advantage from it by contributing in bitcoin economical development,

[zikzag]

And what countries with the problem of the economy are you talking about. If for example these are African countries, then there is not everywhere an Internet to use cryptocurrencies.

[OrangeII]

And what countries with the problem of the economy are you talking about. If for example these are African countries, then there is not everywhere an Internet to use cryptocurrencies.

I don't think at the moment we haven't talked about any country. however, we are only talking about the potential of bitcoin that can be used to fix economic problems in a country. if that happens to individuals, or organizations, then that can also happen to a country. only, until now there has never been a state that tried it. so far they have only supported the development of this technology.

[cipherer]

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 understand this article, but one remark: Bitcoin can help people in a troubled economy, it doesn’t help the troubled economy at all.

[hahay]

And what countries with the problem of the economy are you talking about. If for example these are African countries, then there is not everywhere an Internet to use cryptocurrencies.

I don't think at the moment we haven't talked about any country. however, we are only talking about the potential of bitcoin that can be used to fix economic problems in a country. if that happens to individuals, or organizations, then that can also happen to a country. only, until now there has never been a state that tried it. so far they have only supported the development of this technology.

But if that potential has been approved by many underdeveloped countries, then bitcoin will not quickly operate there because it's true that the availability of the internet is the main one for this development. But even so I'm sure it is a problem that is easily overcome and for the development of bitcoin will require a long process to make a good understanding for them.

[Nellayar]

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 think it can help people to stock their assets during inflation. Due to the low currency rate. A person can convert his asset in cryptocurrency since crypto is worldwide and inflation in a certain country does not affect other states necessarily. Therefore, we can hide our money using bitcoin or other altcoins.

[horrifiedx1]

And what countries with the problem of the economy are you talking about. If for example these are African countries, then there is not everywhere an Internet to use cryptocurrencies.

I don't think at the moment we haven't talked about any country. however, we are only talking about the potential of bitcoin that can be used to fix economic problems in a country. if that happens to individuals, or organizations, then that can also happen to a country. only, until now there has never been a state that tried it. so far they have only supported the development of this technology.

But if that potential has been approved by many underdeveloped countries, then bitcoin will not quickly operate there because it's true that the availability of the internet is the main one for this development. But even so I'm sure it is a problem that is easily overcome and for the development of bitcoin will require a long process to make a good understanding for them.

I think using bitcoin for underdeveloped countries is because it is the last option, after their currency is of no value. indeed this does not contribute greatly to bitcoin, but on the contrary if bitcoin soars, they also enjoy the results

[desticy]

I don’t think Bitcoin is a way out for countries with a problem economy. They need good business plans for the country, gross product, jobs. What will help them bitcoin octory cost can collapse?