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Author Topic: Why is the world economy is sliding down? And how bitcoin may help it?  (Read 609 times)
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March 25, 2018, 08:27:39 AM
 #1

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
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March 25, 2018, 08:39:39 AM
 #2

I do not see bitcoin helping the world economy but rather it can help an individual economy. Obviously, every country will not legalise bitcoin but the individual economy that adopts bitcoin can push in a huge investment when bitcoin is down to get some accruing profit from investment when price go up.  By such profit, the individual country can better her nation and her people by providing more social amenities, building projects, factories and employment.

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March 25, 2018, 09:02:19 AM
 #3

I will place my wager on Blockchain technology as the one that may revolutionize the World Economy and not bitcoin. Even the conclusion of the G20 meeting was that countries should engage with blockchain technologies and harness the tremendous opportunities blockchain offers.
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March 25, 2018, 09:32:49 AM
 #4

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.

Government debt and over-leveraged central banks are the biggest systemic threat. People like to point to commercial/investment banks because of 2008, but now they are far better capitalized. But over the same period, government debt has risen something like 30-40%.

I'll admit, the trade war rhetoric has me worried. It's been said before that real wars are preceded by trade wars. In the the 1930s, trade collapsed among nations. I don't think it's a coincidence that militarism and fascism thrived in this context, leading inevitably to WWII.

My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

There can be job creation around Bitcoin and blockchain technology. As adoption continues, legacy services and pioneers alike will need to build and maintain crypto-interfacing applications. But this may not represent actual economic growth. We may find that companies like Robinhood, Square, Coinbase and others cannibalize the old guard entirely.

On a macroeconomic level, Bitcoin probably means a great redistribution of wealth from one group to another, more than anything else. It's not productive, just speculative. Undecided

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March 25, 2018, 10:10:31 AM
 #5

I do not see bitcoin helping the world economy but rather it can help an individual economy. Obviously, every country will not legalise bitcoin but the individual economy that adopts bitcoin can push in a huge investment when bitcoin is down to get some accruing profit from investment when price go up.  By such profit, the individual country can better her nation and her people by providing more social amenities, building projects, factories and employment.

Countries can also benefit in a number of ways:

1) If the citizens of a country are making good money with their bitcoin investments, they will also pay more tax to the government. This will result in increased overall revenue for that country.

2) If more people become self dependent by investing in bitcoins, it reduces the work load of government. If these people do not earn anything, government has to spend huge amount of money as compensation package for these people.

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March 25, 2018, 10:28:42 AM
 #6

if the millionaires made from bitcoin invest in factories that provide job to people rather than buying lambo than somehow economy will find a new blood as money in circulation and will adopt a trend to rise.
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March 25, 2018, 11:00:26 AM
Last edit: March 26, 2018, 08:46:20 PM by kenelmark
 #7

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

the world economy is sliding down because macro economy grows much bigger than micro economy that causes trade flow of goods is stagnant then goods become more expensive in the market.
Bitcoin can take place to help for this situation by growing investment and providing more employments. bitcoin has brought many millionaires into the world who can invest and create more job vacancies.


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March 25, 2018, 11:06:54 AM
 #8

I assume that bitcoin can not improve the country's economy, where the country now does not take the bitcoin potential to benefit the country or its population advocated to adopt bitcoin, in fact much of the potential of bitcoin should benefit others. and without harming others is like destroying oneself.

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March 25, 2018, 11:13:11 AM
 #9

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

the world economy is sliding down because macro economy grows much bigger than micro economy that causes trade flow of goods is stagnant then goods become more expensive in the market.
Bitcoin can take place to help for this situation by growing investment and provides more employments. bitcoin has brought into the world many millionaires who can invest and create more job vacancies.
The constant creation of new jobs leads to a crisis of overproduction. We are already producing goods more than we can buy. It seems to me that the mechanisms of self-destruction will be used in the production of consumer goods now. Nobody wants to buy new goods not yet broken the old one.
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March 25, 2018, 11:22:32 AM
 #10

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Bitcoin is a big help to the economy. Especially when there are big investors investing in here. There will be lots of campaign jobs that will help many people especially the jobless. The more it will be known to the world, the more will it progress and the more will become rich. Thus, helping the economy.

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March 25, 2018, 12:14:24 PM
 #11

Bitcoin currently has no effect but in the long term may affect in the global economy.
It's like companies like Microsoft and Apple that have no value in the past and now can affect the economy.
Bitcoin suffers from some problems such as limited transactions, but after the implementation of solutions such as lightning network will be able to conduct global transactions and thus affect the economy.

Why is the world economy is sliding down?
Because of the centralization, any collapse of any bank leads to an intercontinental disaster

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March 25, 2018, 12:25:28 PM
 #12

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

We are not yet there at the tipping point. The signs of an imminent crisis are there - easy money printed by countries across the world sloshing around, asset prices at unbelievable levels, central banks thinking about raising interest rates (which could pop the bubble). If we do get into a depression, I do not think cryptocurrencies will help. They may help people preserve the purchasing power of people's savings, but we may not go beyond that.


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March 25, 2018, 03:02:59 PM
 #13

Bitcoin has been observed as helpful to the Japanese economy by giving more people more income, and in turn, spurring their spending. More spending typically helps the economy. If such a simple and direct concept has been proven to work on a national level, I don't see why it wouldn't work on a global one. Much more people getting richer would be necessary to create an observable effect though, of course.

I have to say that it shouldn't really be expected to be capable to help the economy though. Bitcoin is just another currency, like the USD, and the USD isn't being expected to stop economic slides. Bitcoin just happens to be capable of creating wealth.

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March 25, 2018, 03:15:54 PM
 #14

If like the Lehman Brothers, other big banks had to file for bankruptcy and weren't provided a "bail out" by the Government, then there's going to be a high chance of another Depression where in few banks that the Government feels that it can bail out with people's hard earned tax money and pensions, it's going to put people into deeper trouble and mainly the lower middle class and the middle-class are the ones to be affected once again. If Bitcoin were to be used as a daily driver for peoples daily transactions and a large portion of an economy starts using it, it eliminates the "Big Banks" from being the sole dependants for circulation of money. Most banks would then start to act as middlemen for loaning cryptocurrencies of their own. Bitcoin would need to compete with Banks and the private cryptocurrencies that they create. It would also have to become that "daily driver" where an individual would find value in using Bitcoins over fiat currencies or crytocurrencies issued by banks. Education plays an important role here, people should know that Banks are here with us, only because we value their services and that we pay them for it. With Bitcoin no one would require a bank account, people would still need to get credit and debit cards for Bitcoin (until Bitcoin becomes a primary mode of payment). Until this phase is achieved, Bitcoin would be helping the economy only by a very neglegible percentage. Recently there were reports of Japan's GDP imporving by a certain percentage because of Bitcoins wealth effect.
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March 25, 2018, 04:10:09 PM
 #15

We are rising right now, in fact we are probably near our peak and headed for an inevitable recession. Boom and bust cycles are just that cyclic and they will always continue to happen. We busted in 08' have been booming since, and are en route another bust in the next 5 years.

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March 25, 2018, 04:25:30 PM
 #16

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Bitcoin may not be the ace of hope for the entire economics to be at peak again due to some coins who can be the rival of the said coin, tons of cryptocurrency incoming from the future trying to surpass the predecessors and the pioneers of crypto or it will be further upgraded and developed due to some circumstances we may not know the exact thing but the important thing that all the cryptocurrency are carrying is the blockchain, this would definitely the innovation and the breakthrough of the future no need for rush, step by step the economics will go to the moon.

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March 26, 2018, 06:53:52 PM
 #17

Bitcoin currently has no effect but in the long term may affect in the global economy.
It's like companies like Microsoft and Apple that have no value in the past and now can affect the economy.
Bitcoin suffers from some problems such as limited transactions, but after the implementation of solutions such as lightning network will be able to conduct global transactions and thus affect the economy.

Why is the world economy is sliding down?
Because of the centralization, any collapse of any bank leads to an intercontinental disaster
According to me it is happening because we are not really good at our qualification we have knowledge but we are not using it at proper way, if we will use our internal power no banking and not other system will leave any effect on our economy, we need to be strong and financially indecent which is possible only by our own way of earning, today nothing is better than bitcoin, as it has given many opportunity to unemployed people to make money and to generate high amount of profit, bitcoin is helping our economy to be high again and to overcome the disaster given to us by banking socialization, bitcoin is better than this I think.
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March 26, 2018, 09:03:58 PM
 #18

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

the world economy is sliding down because macro economy grows much bigger than micro economy that causes trade flow of goods is stagnant then goods become more expensive in the market.
Bitcoin can take place to help for this situation by growing investment and provides more employments. bitcoin has brought into the world many millionaires who can invest and create more job vacancies.
The constant creation of new jobs leads to a crisis of overproduction. We are already producing goods more than we can buy. It seems to me that the mechanisms of self-destruction will be used in the production of consumer goods now. Nobody wants to buy new goods not yet broken the old one.

You miss the point, dude.
what I said is something in abnormal circumstances. read the post I qouted. how would it be overprodution, if there are many unemployments. Jobs are not always meant to produce goods, it's also services etc.


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Hydrogen
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March 26, 2018, 11:45:36 PM
 #19

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

....

I guess the main issue driving economic slowdown is lack of inherent growth. In past eras of american history, economic growth was as high as 10% in many years. Today the USA is lucky to reach 1% economic growth and in many years we experience economic contraction where our economy shrinks rather than growing. There is also a secondary issue whereby a good portion of what economists cite as representing economic growth are reflected by governments or banks adding increasingly high sums of debt to their own balance sheets. Most US economic "growth" comes from the financial or real estate sectors in recent times, which arguably may not reflect true growth.

Long story short, lack of economic growth coupled with stagnant wages for poor to middle class earners and cost of living growing at an incredibly fast rate all contribute towards imbalance which threatens to negatively affect stability. These circumstances contribute towards everything being overvalued and hints at likely price corrections and devaluation across the board.

Bitcoin could counteract these negative precedents by providing competition to banking and finance sectors. This increased competition provides incentive for banks to be more competitive which in turn fuels economic growth and results in a more efficient economy. Whatever value crypto currencies create also counteract our precedents of negative economic growth. There are also the jobs and money flooding into economies which are derived from crypto's market cap and growing industry.

The_Dark_Knight
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March 27, 2018, 01:47:47 AM
 #20

Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Until the economies of the world crash bitcoin is going to be a threat that is not going to help the stability of the economies especially once it becomes big enough, right now it is very small compared to the size of the whole economy but we all know that will change and when that happens governments will try to take actions against it but by then it will be too late.
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