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Author Topic: Why is the world economy is sliding down? And how bitcoin may help it?  (Read 961 times)
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March 16, 2019, 10:55:04 PM
 #181

It is complicated, because the bitcoin has a value, many people see it in dollars, ejm: The Bitcoin is at $ 3800, now, if there is a global decline of the economy where the dollar, the euro and the major currencies of the world fall. Obviously bitcoin by direct action, will be worth much more than $ 3800.

Maybe it is a scenario that very few consider, but it is very possible that it happens, if this is the case, it would be establishing a slightly more active bitcoin market, since there are 21M of bitcoins, and there are many lost bitcoins, which, the intrinsic value of bitcoin that any fundamental analyst would study, can conclude that the value would continue to increase.

According to these considerations, the way in which it can help the world economy is that it is already commercialized with bitcoins, since it offers security, speed and is an incorruptible technology. In addition, transactions can be traced through blockchain.

The only weakness is that it is a totally digital technology, that is, if there is a global drop in Internet service, we will remain in the air, with a lot of money, but at the same time without money.(All this obeys my personal analysis with the knowledge that I have acquired so far.)

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March 20, 2019, 06:01:11 AM
 #182

Bitcoin should not help the global economy. Bitcoin should help people get out of the iron grip of banks.

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March 20, 2019, 11:20:09 AM
 #183

I don't know exactly the technicality of bitcoin helping the economy globally, but I have felt for myself how economic changes when I use bitcoin, are far more efficient in terms of making a transaction. Maybe some people or parties propose that bitcoin will be a threat to the global economy, I say that is true if various parties related to the world finances cannot cooperate with the development of bitcoin.
Improving the economics of individuals is the most obvious effect when we use bitcoin and crypto because this market as a stock market, we can take advantage of fluctuations to make money, in addition, we also have some activities to make money without investing money, what we need to invest is time. But after all, we can realize that bitcoin cannot help the global economy when it is not the lord of the world, law and government cannot control it and of course, it cannot control the government and the law, that makes it impossible to affect the global economy

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March 20, 2019, 07:51:15 PM
 #184

Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.
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March 20, 2019, 10:08:20 PM
 #185

Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.

Quote
Hence, I don't see the part where Bitcoin could help it

Bitcoin can help because it provides income and good service .

Quote
Let's take the fact that Bitcoin is not legally accepted worldwide.

Nowadays , most countries are now accepting/legalizing bitcoins  .  how much more in the future ?  Others will also follow the trend or else they will left behind

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Bitcoin don't give an actual job,

yes but alot of jobs have opened up just because of bitcoin . this why people mistaken bitcoin as a job or a job provider .

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Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.

Do you forget that bitcoin is also a currency ?   But even if bitcoin is also an investment , not all who can afford it can only have the chance to have it because even poor individuals that do not have a capital can also get their hands on bitcoin via working  online .
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April 28, 2019, 12:31:13 AM
 #186

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 slowing has to do with reduced consumption in Europe and Asia. Part of that is down to the high unemployment in those areas.

Part of it is down to the traditional consumers not buying much and saving instead: Brits are saving to prepare for Brexit and Americans are saving due to being overburderned with debt. Everywhere that relied on these places to overspend are now struggling.

IMO changing currency to bitcoin won't make a smidgen of difference. What needs to happen is Europe and Asia become confident and start to spend a little more on restaurants and the small luxuries that make up the modern economy.

 
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April 28, 2019, 02:06:18 AM
 #187

Bitcoin should not help the global economy. Bitcoin should help people get out of the iron grip of banks.
bitcoin has not had too much influence on the macro economy as far as I know because it is still very low circulation circulating in the world market
so only a little effect maybe for personal it might be helpful but if it is for macroeconomics it is not very helpful so don't worry too much if bitcoin doesn't have much effect
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April 28, 2019, 03:11:14 AM
 #188

Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.
I think so, bitcoin does not play an important role in the world economy today. bitcoin only plays small parts in several communities in
the world and that is not enough to help a country avoid collapsing, the number of bitcoin users in a country is too small to affect a country
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April 28, 2019, 04:52:31 AM
 #189

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 ??
Actually it's because human always destroy this planet little by little. And the biggest factor is bank's lending money system. This system makes our economy crash. Bitcoin can help it by secure it's users from inflation. Bitcoin characteristics is almost the same as gold the difference is gold is physical and bitcoin is digital. But I am not sure that bitcoin can give any significant impact at this phase.
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April 28, 2019, 05:30:54 AM
 #190

Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
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April 28, 2019, 09:48:40 AM
 #191

Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.
I think so, bitcoin does not play an important role in the world economy today. bitcoin only plays small parts in several communities in
the world and that is not enough to help a country avoid collapsing, the number of bitcoin users in a country is too small to affect a country
Indeed, bitcoin does not contribute or improve the economy world because this is not a feature and its role, its role is to bring a new technology to people and people who believe in this technology, they can pass bitcoin to achieve greater benefits. And the world economy is sliding down because of trade wars, and this issue can only change when the governments of the countries have a consensus and discussion with each other, bitcoin cannot participate in this issue when it is not welcomed by the government

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April 28, 2019, 10:14:26 AM
 #192

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 Bitcoin will not support any kind of way to develop the world economy as we all know that cryptocurrency is not been merged with anything but the possibilities will only came only the legalisation of the Bitcoin in the country this will helpful for changing the economic to a positive way.

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April 30, 2019, 01:31:23 AM
 #193

Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
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April 30, 2019, 01:45:27 AM
 #194

Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
Millionaires (and billionaires) don't want the economy to start decreasing because that just devalues their assets. Sometimes, the really big players might buy assets during an economic dip because of the lowered value of everything, but most of the time a recession is not in the interest of anyone in any economy. Most of the time it's just the standard business cycle running, with the booms and busts being another pothole in the road for every investor and worker. Governments sometimes bring the economic bust early because of bad policies, but that's rarely the case. More often it's the banks who influence the economy at large. Take the central banks of each country for example; the interest rate they dictate means everything to investors and decreases in the interest rate means bad news.

Bitcoin is luckily free from that issue and maintains a relatively constant rate of inflation with a guaranteed cap on the total that can be mined. Much better option in my opinion.
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April 30, 2019, 02:09:01 AM
 #195

Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
In my opinion, bitcoin can unite the country's financial system regionally so that the financial turmoil that has hit the world has little impact on the financial transaction system in the country.
Bitcoin is a digital currency that functions as a payment tool in a peer to peer manner that simplifies and speeds up transactions. Besides that, using bitcoin is economically cheaper
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April 30, 2019, 02:23:58 AM
 #196

Why: first of all because of massive debt. The world lives under 300 trillion dollars in debt. It's impossible to pay this debt even if 3 generations of Europeans and Americans and Chinese do nothing but pay debt.

Secondly, because as others mentioned, the system is broken. Free emission of money, QE, fractional reserve banking all are broken.

Thirdly because production cannot keep growing exponentially yet the debt-driven market requires exponential growth. So if corporations aren't growing year after year, compounded, the system breaks. This is insane.

So it's a combination of factors, in my opinion, that leads us to the inevitable next big crash. It might happen sooner or later, but it will happen.

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April 30, 2019, 03:36:35 AM
 #197

Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
Millionaires (and billionaires) don't want the economy to start decreasing because that just devalues their assets. Sometimes, the really big players might buy assets during an economic dip because of the lowered value of everything, but most of the time a recession is not in the interest of anyone in any economy. Most of the time it's just the standard business cycle running, with the booms and busts being another pothole in the road for every investor and worker. Governments sometimes bring the economic bust early because of bad policies, but that's rarely the case. More often it's the banks who influence the economy at large. Take the central banks of each country for example; the interest rate they dictate means everything to investors and decreases in the interest rate means bad news.

Bitcoin is luckily free from that issue and maintains a relatively constant rate of inflation with a guaranteed cap on the total that can be mined. Much better option in my opinion.
I agree, but what is still my question is how to make the government believe in this big plan, because without them I think it will hamper the growth of BTC. from their policies, there will certainly be more people using it and evaluating it
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April 30, 2019, 12:32:11 PM
 #198

The development of the world economy is not based by the development of cryptocurrencies so it will not be helpful in anyway and my opinion is the currency will need the support from the economic situation of the world sorry could not be helpful in anyway.

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April 30, 2019, 03:18:23 PM
 #199

Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
In my opinion, bitcoin can unite the country's financial system regionally so that the financial turmoil that has hit the world has little impact on the financial transaction system in the country.
Bitcoin is a digital currency that functions as a payment tool in a peer to peer manner that simplifies and speeds up transactions. Besides that, using bitcoin is economically cheaper
Well this only applies to those countries who are now accepting bitcoin but in some countries who have not legalized bitcoin yet,it may not be a payment system but a good investment that gives a decent amount of profit to those individuals.Bitcoin might not help directly the world's economy but the economy of those individuals might surely make a good progress that will create good impact to the world's economy.

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May 01, 2019, 08:19:26 AM
 #200

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 ??
How did you get to know that the world economy is falling and by the way what makes you think that it is bitcoin that can solve such a problem?I know that bitcoin can help us in some ways, but I don’t think it has anything to do with economy and I don’t think it can be a solution to whatever it is you have in mind. The only way bitcoin is of benefit is when it comes to things that has to do with transactions and that’s cause it eliminates middlemen, complicates regulations and enables more of international transactions.
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