Bitcoin can be useful for a troubled economy - page 18.

leea-1334

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Quote from: Aiiimm on July 27, 2018, 05:56:17 AM

Bitcoin is so very useful in troubled econoy. Why? Becuase can do anything bitcoin can help people employees without stable works and good income and bitcoin also one of the source of your extra income.

This is meaningless. I think a lot of us support Bitcoin, but we should not see it as an instant magic solution. It can definitely help stabilize an economy if people use it when their own currency is worth nothing,,, like the bolivar in Venezuela. But it will not help make more jobs or make people have more stable income in a regular economy. People who earn Bitcoin even in bounties, are earning in dollars. Not bitcoin. If they earned Bitcoin, I could earn three times more six months ago than what I earn today, in the real world.

pusa aso

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Quote from: Warwendal on January 11, 2018, 03:23:02 AM

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 yes Because bitcoin useful...........bitcoin can buy happy because not only they are using bitcoin but also they are investing bitcoin can
they said bitcoin really be use trouble economy .

Aiiimm

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Bitcoin is so very useful in troubled econoy. Why? Becuase can do anything bitcoin can help people employees without stable works and good income and bitcoin also one of the source of your extra income.

Cotton Candy

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Quote from: Warwendal on January 11, 2018, 03:23:02 AM

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

Bitcoin can truly be valuable for an inconvenience economy for it can push essentially to the jobless individuals to join the abundance signature crusade so as to have a winning to support their day by day needs, people groups without any occupations can add to the emergencies of economy, so they acquire through abundance so this jobless individuals can assist contribute with troubling economy.

darewaller

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Quote from: Warwendal on January 11, 2018, 03:23:02 AM

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

It is not a solution. If you’re living in a country where a dollar is worth a lot of your countries currency, Bitcoin is not going to help you in any way. In my country I’m getting paid #10k of my country’s currency and I can’t afford to buy one Bitcoin because it is worth more than a million in my country.

So tell me, how has Bitcoin been able to help me when I can’t even afford half a Bitcoin? So you don’t say that, Bitcoin can’t help you much, not even Faucets pays enough, unless you’re rich or maybe you got a good job to be doing online or in this forum.

morata21

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Indeed, Bitcoin and other cryptos will dominate in the monetary world so that it will bring a good result in the country economy. so every government should encourage their people to be involved in this blockchain platform.

Muspion

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Quote from: jeraldskie11 on January 13, 2018, 11:55:57 AM

In my opinion, that's right. We need a world currency to import and export and its only the virtual currency which is bitcoin. There are many lives that has been change because of bitcoin, even undergrad are welcome into this.

indeed true in the economic side, bitcoin can help financially for those who use bitcoin, but the question how about people who do not understand the system of bitcoin this? because not all countries legalize this crypto currency and there is no guarantee from the government

Michaelpascual

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Bitcoin can really be useful for the a troubled economy because it can help people, employees without enough income to earn some extra money especially to the unemployed people this is what they really need to earn money for there family

turkandjaydee

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Quote from: Neraj Evad on July 25, 2018, 04:15:48 PM

Bitcoin can really be useful for a trouble economy for it can help simply to the unemployed people to join the bounty signature campaign in order to have an earning to sustain their daily needs, peoples with no jobs can contribute to the crises of economy, so they earn through bounty so this jobless people can help contribute to troubled economy.

Thats absolutely true, and also i want to say that people who earn some gains from crypto like bounty, airdrop, trading will have bigger capital than average people who work for salary in low economy countries, especially in countries where the cost of living is low.

MadisonWood1212

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For countries with economic difficulties, Bitcoin could give the country a step in the direction of a new economy if the heads of state agree and make informed decisions.

clairdelune

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Yes Bitcoin can be useful for a troubled economy for it help the country to earn big profit to pay all the debts that the country have and I think there is no one who will be poor because anyone from now and then can earn big profit with the BTC but they should have the knowledge in earning the BTC. If they do not have the knowledge then they will not earn big they will find it hard to earn in BTC. You should study and learn first how to earn in BTC so that you will earn big and you should have an internet and a laptop to do the BTC if you do not have a laptop and an internet then you will not earn. You can also do it in android phone but it will take of your time and it is hard to do in android phone not like when you do it in the laptop or pc it will make you easy to do it.

Neraj Evad

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Bitcoin can really be useful for a trouble economy for it can help simply to the unemployed people to join the bounty signature campaign in order to have an earning to sustain their daily needs, peoples with no jobs can contribute to the crises of economy, so they earn through bounty so this jobless people can help contribute to troubled economy.

christysmile

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Quote from: Haliburton on July 25, 2018, 01:43:21 PM

Quote from: ReiMomo on July 23, 2018, 12:19:06 PM

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Bitcoin is now considered by many as digital gold. As such, it has all the properties that makes gold unique, such as scarcity, and reliability, but better in my own opinion. Bitcoin is portable and easily transacted across borders, while Gold is not portable and it's very difficult to transport it around the world. Taking this into consideration, it's no wonder why many people (including governments) are interested in owning and using Bitcoin for their own benefit.

Maybe in the future, Bitcoin will replace Gold, making it the standard safe-haven asset of the world. And when this happens, you can rest assured that Bitcoin will be ideal for a troubled economy. It's been useful already, but it can be better as it upgrades into a scalable cryptocurrency for the masses with its Lightning Network. Wink

Very true. Bitcoin is already replacing gold in the markets as people are using it to hedge against global risk, especially trade wars. Gold should be much much higher than it is right now because of what's going on between the US and China, but it keeps crawling lower. Instead, the capital is pouring into bitcoin based on what we've seen happen to the price in the last few days. Especially if it becomes scalable, there will be nothing standing in its way like you said.

Saw a good article on this:
https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#5641e1481c32

And it's strange that Goldman would be recommending this. Maybe IMF austerity measures aren't doing the trick anymore?

Gumpfire

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Quote from: Warwendal on January 11, 2018, 03:23:02 AM

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 agree that bitcoin can be helpful and useful for troubled economy because it decreases unemployed people in a country that gives them a good source of income and it can be a good alternative currency. But there are still countries who don't believe in bitcoin and cryptocurrencies.

jonikris

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yes I think it is true with the bitcoin can support the state "which the economy is disturbed and can take the status of people in the country so that they can live prosperous and berecuk

Haliburton

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Quote from: ReiMomo on July 23, 2018, 12:19:06 PM

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Bitcoin is now considered by many as digital gold. As such, it has all the properties that makes gold unique, such as scarcity, and reliability, but better in my own opinion. Bitcoin is portable and easily transacted across borders, while Gold is not portable and it's very difficult to transport it around the world. Taking this into consideration, it's no wonder why many people (including governments) are interested in owning and using Bitcoin for their own benefit.

Maybe in the future, Bitcoin will replace Gold, making it the standard safe-haven asset of the world. And when this happens, you can rest assured that Bitcoin will be ideal for a troubled economy. It's been useful already, but it can be better as it upgrades into a scalable cryptocurrency for the masses with its Lightning Network. Wink

GangNamSK

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Quote from: ReiMomo on July 23, 2018, 12:19:06 PM

That's correct. Bitcoin will be useful for a troubled economy and there is no doubt in that. The countries which have accepted Bitcoin and crypto currencies is prospering well in their economic, the economic growth has doubled for some countries to be specific. Other countries are also thinking and planning to accept Bitcoin for their economy to grow but just stuck with rules and regulations to put in place before doing that it seems.

Exactly. The BTC will be useful for a troubled economy and there is no doubt about that.
Countries that have accepted Bitcoin and electronic money are thriving in their economies
Other countries are also thinking and planning to accept Bitcoin for their economy to grow but are just stuck with the rules and regulations that need to be made.
This shows that BTC will help speed up the difficult country out of danger, I think so.

concept2

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Quote from: slyfox on July 23, 2018, 09:08:50 PM

Quote from: bitzizzix on July 20, 2018, 04:14:16 AM

I agree, bitcoin can overcome or be useful in overcoming a troubled economy. because it can provide income for those who do not have a job or those who have a regular job as additional income.
hence they will not have difficulty in economic terms, especially basic needs or daily needs. and very beneficial for those who have low and medium economy and bitcoin is very helpful to them.

We are seeing bitcoin helping people in countries with problems with their economies already this happened in Argentina some time ago and now it is happening in Venezuela, and when an economic crisis strikes again the world, we are going to be ready and we are going to have a currency which is at least decade old and that will grow in usage thanks to those failed economies.

In term of a whole country, I'm not so sure whether bitcoin would brighten a nation's economic situation since its price is unstable and unpredictable and it also depends on whether that country's government is willing to accept bitcoin. But for those who is struggling to make a living, bitcoin would be a brilliant choice since it can fulfill their basic needs and provide them with a considerable amount of profit. I have seen many of my friends who used to live on the breadline have become richer and led a successful life thanks to bitcoin.

Marlo0619

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Yes it is very true. Bitcoin helps people a lot when it comes have an extra income even they have a stable job and a stable income. When people decided to use cryptocurrencies like bitcoin, the made the greatest decision that they made in their entire life. Because cryptocurrencies like bitcoin can make people rich. Some people bacame super rich because not only they are using bitcoin but also they are investing money in it. And that is the reason why bitcoin helps the economy.

befriendmywater

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Quote from: Warwendal on January 11, 2018, 03:23:02 AM

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 do not think it would be good for a troubled economy. Bitcoin prices fluctuate according to the market economy. When the market recovers, investors withdraw and run, affecting the cost of Bitcoin as happened in May. I think real estate will be most useful for a downturn. .

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