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Author Topic: Why is the world economy is sliding down? And how bitcoin may help it?  (Read 592 times)
fatirborju
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March 27, 2018, 02:47:13 AM
 #21

I think bitcoin can help the economy in the world but if all countries in the world have legalized bitcoin,for now I think bitcoin has not been able to help the country's economy around the world but helping individual economy besides legend in a country one must also have gadgets that will help them join on bitcoin,if they do not have a gadget how they can get to know and join on bitcoin that will help their economy...
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March 27, 2018, 02:51:27 AM
 #22

It can be the technology behind bitcoin that may help and support the world economy and not the bitcoin itself. One of the factors fpr a sloggissh economy is inflation, which is very well taken care of in the blockchain technology by capping the maximum number of different cryptocurrencies. This  way there wouldnt be infinte number of digital currencies, for example bitcoins. This will help and maintain a value off bitcoin which will be reasonable today and tomorow aswell.
Also the technology of blockchain is in itself very advanced, safe, and foolproof to a large extent. If this technology is used by different nations in converting their paper money to digital form then that can bring tracability of the currency, accountability of the holder, and transaprency in the whole system.
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March 27, 2018, 02:53:37 AM
 #23

Why would adopting Bitcoin provide economic uncertainty? What is causing that is the use of fiat money that gets printed more and more everyday without the consent of the citizens of that country. It is despicable and Bitcoin is trying to undo the situation that fiat currency has put us in.

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March 27, 2018, 03:56:02 AM
 #24

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 has no responsibilities about the economy since this community stands private and non governmental,but every people involving this cryptocurrency can do something to help every countries in different form of actions..investing and participating here can give us income that can be the main source of our profiteering,so the regular work that might be reserve for us can be given to others so the unemployment rate will blessen if may not be stopped.so in that part we're simply helping the economy to grow little by little.if this is the perception of every individual here then the world will be heal


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jpespa
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March 27, 2018, 05:03:32 AM
 #25

Even a country where it looks like developed and well-maintained owe large debt in some countries for sure and because of the accumulating debt around the world where just small percentage are getting paid slowly the economy would surely slide down. Bitcoin may be able to help since bitcoin is generated through mining and bitcoin is also getting accepted by many countries as payment the cycle of market can be prevented from falling any further.

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March 27, 2018, 10:35:57 PM
 #26

Why would adopting Bitcoin provide economic uncertainty? What is causing that is the use of fiat money that gets printed more and more everyday without the consent of the citizens of that country. It is despicable and Bitcoin is trying to undo the situation that fiat currency has put us in.
Fiat money is not fair, governments can earn value only by print fiat money. The unlimited amount will makes  fiat money value goes down, but I don't say that bitcoin can solve this problem, the price of bitcoin it self is fluctuates everyday, sometime people get profit but sometime people loss money also. Bitcoin can help but it will not be instant, people should hold bitcoin in long term, it is always works. The safest way is hold gold instead of bitcoin. Bitcoin is to small to helpthe world economy.

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March 27, 2018, 11:05:31 PM
 #27

I believe it's not possible to have stability all the time. There are always crisis times and people must be prepared to pass through these difficults decreasing the impact maximum as possible. What happens with centralized systems, is that governments do maximum as possible to decrease the impacts on short term, manipulating the economy, not letting it be natural, as it should. On long term it becomes a snowball, bringing the problem back in larger proportions.

There are many factors influencing the economies, and they are different in each area of the world.
If Bitcoin can help or not, I don't know, but those countries which have more access and investments dedicated to technology's sector are in better conditions to overcome the difficults and boost their local economies than other countries that are only importing technology from others.

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March 27, 2018, 11:08:13 PM
 #28

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.

Helping the individual economic status is helping also the world economy. When the financial situation of a certain person is good or in bad, well it can affect also the status of the economic level of a certain country as well. A that is based on my observation in our country.

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March 27, 2018, 11:20:16 PM
 #29

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 think bitcoin will play a big role in the econony and financial system if the infaltion rate becomes toi high for a certain country and its happening now the inflation rate is higher than interest rate in the banks nowadays, where as digital currency is on the opposite the deflation, this people will shift to digital currencies and paper money will be less worthy, but this wont happen anytime soon but it will.

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March 28, 2018, 05:49:53 AM
 #30

Bitcoin could help the some people to out from poverty and able to provide some good , but the world can't depend on the Bitcoin, in order to used Bitcoin, it will need electricity, gadget and internet, which is not available in some poor country, and Bitcoin only can help small part of people, as not all people understand about Bitcoin, the over usage of crypto could be a threat to economic stability but, now the government has taken prevention step by making regulation, so I think it's safe

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March 28, 2018, 06:28:09 AM
 #31

Bitcoin could help the some people to out from poverty and able to provide some good , but the world can't depend on the Bitcoin, in order to used Bitcoin, it will need electricity, gadget and internet, which is not available in some poor country, and Bitcoin only can help small part of people, as not all people understand about Bitcoin, the over usage of crypto could be a threat to economic stability but, now the government has taken prevention step by making regulation, so I think it's safe
Agree with it bitcoin can't make any big changes in the economy of the world because the value of bitcoin is transferred from some other currency so it doen't make any new value so the economy will be same always.but it can help the individuals to increase their standard of living.

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March 28, 2018, 06:46:19 AM
 #32

Bitcoin has joined others internationals trading instruments and it has started be sentimentals to news like stocks, commodities and forex and that is good for the market. The sidelines is like a circle repeating itself from what actually happened in 2008 and I believe we are going to recover from this.

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March 28, 2018, 07:06:04 AM
 #33

World economy is going down because there is not an equal distribution of wealth but with bitcoin it gives everyone access to the currency no matter what part of they world they are in.

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March 28, 2018, 07:22:49 AM
 #34

I do not see that bitcoin contributed to a whole world of economy but rather it can helps its individual economy .obviously every country will not legalize bitcoin but the individual economy that adopts bitcoin that can also pish a huge investment when bitcoin drops to get most profit accenting from my investment where the price goes up. In a profit the individual country can better be with the nation and with people who provide more social amenities to the building project , companies and all employment .

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March 28, 2018, 07:23:34 AM
 #35

If only the government will recognise the potential of blockchain technology and the mass adaptation will occur this will help the economical structure of one country. But that is the problem within, the acceptance by the society and the agreement from financial sectors is badly needed to achieve such milestones.
Let take Japan as the example, they’ve legalized it for sure they’ve found out of its helpful benefits on their country.

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March 28, 2018, 08:07:04 AM
 #36

Actually bitcoin was created when all that happened, so there is a causality. I think they will be very beneficial for the world economy.

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March 28, 2018, 08:08:29 AM
 #37

If only the government will recognise the potential of blockchain technology and the mass adaptation will occur this will help the economical structure of one country. But that is the problem within, the acceptance by the society and the agreement from financial sectors is badly needed to achieve such milestones.
Let take Japan as the example, they’ve legalized it for sure they’ve found out of its helpful benefits on their country.
That was mostly dreaming of bitcoin users that may our country open their eyes that make legalized bitcoin, if you are looking for the bright side of bitcoin it brings to us a very helpful way in terms of the financial problem. But all of these are taking a long process because as of now our government I guess they are observing bitcoin in what makes good in our society. Just like what here in our country my governments did not declare bitcoin is legal or illegal they are quite on this, so, maybe they observing right now.

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March 28, 2018, 08:23:41 AM
 #38

When we are talking about world economy than bitcoin worth is 0.054% of total world income till now, It may be very effective if it is legal through out the world. currently some countries like Chile, japan , Germany , US and many more but still there are countries crypto is not legal. It is sure that in future world is going to adopt crypto as a legal tender than trading between two countries can become trade loc like EU nations has right now.
So we can't neglect crypto potential.

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March 28, 2018, 09:14:49 AM
 #39

If only the government will recognise the potential of blockchain technology and the mass adaptation will occur this will help the economical structure of one country. But that is the problem within, the acceptance by the society and the agreement from financial sectors is badly needed to achieve such milestones.
Let take Japan as the example, they’ve legalized it for sure they’ve found out of its helpful benefits on their country.
That was mostly dreaming of bitcoin users that may our country open their eyes that make legalized bitcoin, if you are looking for the bright side of bitcoin it brings to us a very helpful way in terms of the financial problem. But all of these are taking a long process because as of now our government I guess they are observing bitcoin in what makes good in our society. Just like what here in our country my governments did not declare bitcoin is legal or illegal they are quite on this, so, maybe they observing right now.

Yeah. Most country now is in observation mode and may resorts in more talking about this latter developing technology. In time, this dream by the bitcoin user with the support of each and every future investors will make into a reality. A world and each country secondary currency will emerge in the name of bitcoin. We do have the same standing about it, it isn’t legal nor illegal in my country, but regulation are being drafted for the protection of each investors.

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March 28, 2018, 10:23:31 AM
 #40

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 ??
What makes you think that the world economy is sliding down? Of course, there are many countries where there is unemployment, corruption, a weak economy, etc., but there are countries that are developing in all directions and who are doing well. If we take bitcoin into account, then at the G20 summit it was decided that bitcoin does not threaten the world economy.

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