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Author Topic: Why is the world economy is sliding down? And how bitcoin may help it?  (Read 928 times)
darewaller
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April 20, 2018, 09:44:20 AM
 #81

Interesting question, well I don't know exactly is bitcoin possible help the worlds economy. because bitcoin itself is more liks to the advantage of individual, unless maybe in any country have a large bitcoin investors and with large amounts as well could help the country at least to create work field from the result of bitcoin or they can cooperate with the government in those country to solve the economy.
Yeah, it is simply more like restricted to individual usage but in a way if it is adopted on a large scale, in this case, let me just say country as global economy is pretty large, then I would say it can have an effect. Let's take a look at Zimbabwe where everything has been turned upside down due to corruption, the currency became a joke and it got to the point the citizens are just trapped within their own system.

Although, bitcoin came to save the world for them, and this is the main reason why the adoption here is growing hugely and people get to use it in real life, most especially for international transaction which has made the demand shoot up the price even more than the global market.




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April 20, 2018, 10:10:21 AM
Last edit: April 21, 2018, 02:32:08 AM by kier010
 #82

bitcoin won't do any help. you see rich becomes richer and poor becomes poorer. government should be the first to help their people but many of them receive help. greed for money wanting to earn millions or billions and this result to some officials being corrupt. well if only billionaire can share some of their money that just sit there idly.

Quote
“The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system,” said Winnie Byanyima, executive director of Oxfam International. “The people who make our clothes, assemble our phones and grow our food are being exploited.”

http://time.com/money/5112462/billionaires-made-so-much-money-last-year-they-could-end-extreme-poverty-seven-times/
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April 20, 2018, 11:26:16 AM
Last edit: April 20, 2018, 11:37:09 AM by Marcsymon
 #83

If we try to view the situation of bitcoin towards the balance of economic contributions, bitcoin has already a huge contributions of economic growth because of the people who earn from bitcoin business, we cannot see on how bitcoin paying taxes to the government, but with the instrument of the living people who earn money from bitcoin, the economic situation would benifit also on the peoples money which earn from bitcoin. And I'm hoping, that by way of bitcoin business, our economic world, would strongly grows forward.

Agree. In the situation that world economy sliding down, bitcoin business may in great helps for economic growth because people who are users of bitcoin getting growing and growing worldwide and investment through the use of bitcoin is in widespread throughout their communities. They really get huge income through their great knowledge of bitcoin investment. In this situation it might be that investors in each countries are the people who are successful of cryptocurrency business and doing their investment that potentially contribute good economic results to their country that will help growth back strongly.
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April 20, 2018, 12:37:58 PM
 #84

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 do not think that bitcoin investment should be considered as an alternative to job. Any unemployed person should focus on getting a real job instead of these temporary solutions.
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April 20, 2018, 01:11:58 PM
 #85

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.
But were talkin world economy here,and as we all know that only few countries had putted tax on their people that using cryptocurrency..more country are still had nothing to imply about this.

The best thing crypto can give to help world economy is the works or jobs it can offer so this may lessen the unemployment and if the employment increases the economy will stabilized
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April 20, 2018, 02:00:20 PM
 #86

World Economy slide down because there is a scarce resources to the unlimited wants of the people. The government can't solve the continuous growth of the population and in result, the world economy is suffering from scarcity.
Bitcoin can help the people in terms of financial stability but it can't solve the poverty throughout the world.
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April 21, 2018, 04:42:27 AM
 #87

Well, the chances that bitcoin completely replaces fiat are low, however the time will come that for some people, probably people like us, bitcoin will be able to replace fiat to some point even to the point that will never have to use fiat again, and that is powerful, because bitcoin has the real potential of becoming a currency accepted all over the world.
And the chances that when we get to see the world economy crumbling, people will tend to see bitcoin as a safe haven eventually is high which explains what is going on in Zimbabwe and Venezuela. The potential is huge and the fact that it is decentralized makes it even more enticing.

Yeah, I would not say it is going to be replacing fiat as governments would not allow that, but at least, for those who are smart enough, they will understand how bitcoin is really going to be helping in a huge way.
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April 21, 2018, 05:47:03 AM
 #88

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 ??
High or low community life depends on the economy. If people's lives are high and in accordance with what is expected by society then this indicates economic growth in the country grows well. Likewise, if people's lives in the country are low, such as starvation, poverty, a high crime then economic growth in the country is low. This indicates that the economic system in the country is not developing, only the rich and the poor will get poorer.

Many factors the economic growth cannot evolve, including high levels of disturbance, inadequate education systems, and the government can not regulate and cannot innovate to control the country's economic stability. They only focus on the concept they have without any movement.

People need to think critically to deal with their economic problems, looking for jobs that are not regulated by the government. Because if the work under government authority will be much cheating like nepotism. Therefore bitcoin can be a solution for people who do not have jobs, investing and trading can help the economy grow. Even if he is successful, he can create a business and open job vacancies in that country. If this way works then it will reduce unemployment and poverty in that country.

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April 21, 2018, 06:06:52 AM
 #89

what I see here is, bitcoin helps the economy of the people who use it. because they can get the benefits of bitcoin. so they can meet their daily needs and pay taxes on a regular basis. this indirectly reduces the burden of government work, but does not increase or improve the government's economy.
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April 22, 2018, 06:04:11 AM
 #90

what I see here is, bitcoin helps the economy of the people who use it. because they can get the benefits of bitcoin. so they can meet their daily needs and pay taxes on a regular basis. this indirectly reduces the burden of government work, but does not increase or improve the government's economy.

but before bitcoin helps them, they need to know and need to learn about bitcoin so they can use bitcoin to solve their financial problem. the world economy is sliding down because the government doesn't concern with their people live and they still corrupt in any aspects so they don't care about what is going on in their country. and if the government thinking about their people and do something to solve the economy in their country, I am sure that the economy on every country will be better and in that time, people which already learn bitcoin can take the benefits of bitcoin which is made more money so they can have another source income for their life.

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April 22, 2018, 09:17:20 AM
 #91

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 can give a authorized to the person who are willing to join bitcoin or wants to have a account without paying any money to create a account jn bitcoin, bitcoin can help risen the economy by lessen thw unemployed and poverty of the country, by that bitcoin giving a chance those people to earn money and if the bitcoin give that a chance the chance of risen the economy is a big percent.

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April 22, 2018, 10:20:03 AM
 #92

what I see here is, bitcoin helps the economy of the people who use it. because they can get the benefits of bitcoin. so they can meet their daily needs and pay taxes on a regular basis. this indirectly reduces the burden of government work, but does not increase or improve the government's economy.

but before bitcoin helps them, they need to know and need to learn about bitcoin so they can use bitcoin to solve their financial problem. the world economy is sliding down because the government doesn't concern with their people live and they still corrupt in any aspects so they don't care about what is going on in their country. and if the government thinking about their people and do something to solve the economy in their country, I am sure that the economy on every country will be better and in that time, people which already learn bitcoin can take the benefits of bitcoin which is made more money so they can have another source income for their life.
It seems to me that the government can do nothing with the economy in order for it to develop. There is a crisis of overproduction in the world. The population is increasing only in poor countries but they have no money. Why invest in real estate in developed countries if there is a shrinking population? And so in all sectors of the economy. I'm sorry to hear that, but without a global war and devastation, the economy will not recover.
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April 23, 2018, 02:18:42 PM
 #93

The major reasons for the world economic slowdown are increase in population and unemployment. But I don’t think so Bitcoin can help this directly. A huge population of the world is still not ware about the cryptocurrencies. The governments are not even ready to accept it and legalize it. So we cannot expect Bitcoin to do much for the economy. All it can do is fulfill the financial needs on individual basis.
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April 23, 2018, 02:52:42 PM
 #94

Bitcoin is not intended to lift up the economy, nobody can save it, not even the riches bitcoin holder, the present economy is a product of a domino effect from which bitcoin cannot stop, what bitcoin can do is help an individual to survive that poor economic state, by giving the opportunity to earn without the control of their govt.

Tax is the main reason why a country suffers from economic downfall. Since bitcoin is decentralized, bitcoin holders are breaking free from that barrier, that is how the wolrd works, nobody can stop poverty, each person must survive it by themselves.

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April 23, 2018, 02:57:28 PM
 #95

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 ??

Its normal for the world economy to slide down sometimes because banks and stock market are being affected by different occurence in the world so we can expect that economy is also volatile and it will not always grow up.
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April 24, 2018, 04:43:45 AM
 #96

what I see here is, bitcoin helps the economy of the people who use it. because they can get the benefits of bitcoin. so they can meet their daily needs and pay taxes on a regular basis. this indirectly reduces the burden of government work, but does not increase or improve the government's economy.

but before bitcoin helps them, they need to know and need to learn about bitcoin so they can use bitcoin to solve their financial problem. the world economy is sliding down because the government doesn't concern with their people live and they still corrupt in any aspects so they don't care about what is going on in their country. and if the government thinking about their people and do something to solve the economy in their country, I am sure that the economy on every country will be better and in that time, people which already learn bitcoin can take the benefits of bitcoin which is made more money so they can have another source income for their life.
It seems to me that the government can do nothing with the economy in order for it to develop. There is a crisis of overproduction in the world. The population is increasing only in poor countries but they have no money. Why invest in real estate in developed countries if there is a shrinking population? And so in all sectors of the economy. I'm sorry to hear that, but without a global war and devastation, the economy will not recover.

maybe in the end and for solving the problem, there will be a global war and many chaoses that will happen in everywhere and people need a change and they want the government to do something. every country has their own problem and I think every government will find a solution to solve the problem. and if they think that bitcoin can help their problem, they will start to use bitcoin and they allow their people to find new ways of making money from bitcoin like what we are doing right now. we know that bitcoin can help many people especially for the individual but the problem is people hear much bad news about bitcoin and they don't think that bitcoin can help them. and related to this, if the government really concerned with their people, they will give a statement that people can use bitcoin as a new way to make another income for their life. the government will open some classroom everywhere and they will teach people to believe, follow, and to use bitcoin because bitcoin can give benefits to them.

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April 25, 2018, 03:51:45 PM
 #97

Truly,Currently global recession is there and economy of state weak inflation rate is increasing. Bitcoin can contribute as a positive indicator of economy,Bitcoin encourage to employ manpower and save expense upon fiat money process. There are countless factors of Bitcoin which can help to groom the economy.

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April 25, 2018, 07:05:09 PM
 #98

I think that there is no way for bitcoin to help the world economy from sliding down because if bitcoin can help an economy to improve then a lot of countries are already adopting and accepting bitcoin because it is a short cut for them to improve their economy but until now there is no country that fully maximize bitcoin and prove that it can help a sliding economy.
I want to believe bitcoin would mainly serve as a haven for those who may have been tired of the way things have been going. However, if we are thinking about how it is going to be of advantage to the economy of a specific country, that is going to be dependent on the usage of it and how well the citizens accept and adopt it. The global economy is more like a very big picture to me, and that is something we cannot just expect bitcoin to just come up and solve.
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April 25, 2018, 08:37:04 PM
 #99

If our leaders can embrace the truth, now is the best time to used blockchain technology in solving our financial problems. Bitcoin can help in time like this all we just need is the reduction in the cost of production of money in other to be able to strengthen our economic. Stocks market and currencies market are falling because we have no good financial systems and that is what bitcoin was discovered to help.



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April 25, 2018, 08:40:04 PM
 #100

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 its because of the many superpowers, meaning the store countries that are controlling how the world market would go. Just like USA and China, they are always in a battle for power and control over the market because they want it to actually work for their advantage. Unfortunately, this affects other small and not so powerful economies because they can't stay afloat in the tide these superpowers are making, that's why, there are only a few countries that are going up and more going down. Bitcoins can help by way of diversifying the market and making investments more open to more people.


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