Topic: Bitcoin can be useful for a troubled economy - page 2. (Read 33157 times)
yes, I think with the presence of bitcoin or digital currency in a country whose economy is less stable it can help as an alternative to more efficient means of payment. in a developed country, in my opinion, with the presence of bitcoin can help facilitate transactions, especially in a country whose economy is less stable. maybe traditional currencies will be increasingly helped if in a less developed country, digital currencies and traditional currencies can both work as daily payment instruments.
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
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
yes i think that statement is true. Venezuela is a country that is experiencing an economic crisis. this country is experiencing hyperinflation. the value of the bolivar currency is falling. so find a solution to overcome this problem. if they take out debt, it will make things worse so they choose another alternative, which is to use bitcoin cryptocurrency. the last few years the demand for bitcoin in venezuela has continued to increase. some residents now use bitcoin for everyday transactions.
A troubled economy can't be easily recovered with the help of bitcoin. This happens purely based on the participants on the economy. If there is very small number of people in the respective country use bitcoin then it won't make any changes in the troubled economy recovery. A large scale adoption in the country will help with making some development on the economy. It will not make any immediate impact, it also requires time as the market is highly volatile than the traditional market.
Of course, a troubled economy is a disease, and if we want to tackle the disease thoroughly, we need to know the source of the disease, and it is very clear that this disease comes from the government, they are the managers of a country, the economy is so bad, they have the first mistake, the next mistake is very objective, it comes from everyone in that country. If everyone was trying and creative, the economy wouldn't go down. And we can see that the uses and features of bitcoin do not help with those problems, bitcoin is just an investment 
bitcoin has a lot of similarity with Gold that make it recommendable for storage of asset and value during economic crises; such factors as durability, fungibility and scarcity. However, its digital nature give it some advantages to Gold; its easy storage without third party, easy and better security, liquidity on the internet, potability and divisibility.
Yes, but that could help only individuals during some economic or financial crysis. Countries can't do that because as far as I know Bitcoin isn't formaly and legaly introduced into economy system of any country in the world. So countries could use benefits of gold for their ecomies but they can't use Bitcoin.
A troubled economy can't be easily recovered with the help of bitcoin. This happens purely based on the participants on the economy. If there is very small number of people in the respective country use bitcoin then it won't make any changes in the troubled economy recovery. A large scale adoption in the country will help with making some development on the economy. It will not make any immediate impact, it also requires time as the market is highly volatile than the traditional market.
I don’t think Bitcoin is a way out for countries with a problem economy. They need good business plans for the country, gross product, jobs. What will help them bitcoin octory cost can collapse?
Very well said because lots of factors come to play when it comes to the economic status of a country. Although Bitcoin can contribute to the betterment of a troubled economy, the country needs other factors like good and reliable businesses, high level of tourism to bring foreign exchange etc. 
I totally agree with you, we can used Bitcoin if we don't have a good economy in our country. Bitcoin and other cryptocurrency will bring stability in our country's economy, that will help to all people live a better place. So, that means our troubled economy will turned into a progressive economy and that will be a good.
It is necessary to make certain proposals on how Bitcoin can help the economy, and not just speak for or against. The fact that we have the opportunity to improve our financial condition does not mean that the state will be able to correctly use the opportunities of cryptocurrency to improve its economy and replenish the budget.
Many people say that if we use the bitcoin in their economy that would help the country. I think there should be a plan on it on how can it will help the country's economic position. Only making bitcoin legal will not help the economy.
Yes, I also agree with this point. day by day Bitcoin is getting accepted around the world, Most of the countries are getting used to this virtual coin. so it could be a good solution for this conventional monetary system.
Since this system is a decentralized based so it might be a great source of payment and investment purpose. When you have a decentralized monetary system then it will help you to manage properly of his investment for the future purpose. So Bitcoin will be a major tool which might be a useful element in a troubled economy.
Since this system is a decentralized based so it might be a great source of payment and investment purpose. When you have a decentralized monetary system then it will help you to manage properly of his investment for the future purpose. So Bitcoin will be a major tool which might be a useful element in a troubled economy.
Of course, Bitcoin has got the capabilities of improving upon the economy of a country. This can be achieved through the financial independence and job opportunities created by Bitcoin and the Blockchain technology at large. With Bitcoin, the people can join the Bitcoin mining, bitcoin merchants as a form of employment and this will improve the economy of the country.
It is necessary to make certain proposals on how Bitcoin can help the economy, and not just speak for or against. The fact that we have the opportunity to improve our financial condition does not mean that the state will be able to correctly use the opportunities of cryptocurrency to improve its economy and replenish the budget.
But unlike Venezuela, this country takes the opportunity of cryptocurrency to improve their economic conditions. Last year they launched a coin named Petro, well this coin is worth around $60, hoping that they can get a new budget amid the crisis that has hit their country since 2012.
Venezuela doesn't just launch coins, but they encourage more Bitcoin mining. Well this is clear evidence that crypto can be an opportunity in the economic crisis, although I know that not all countries will take this step. But I think there are still opportunities if these countries are in conditions such as Venezuela.
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
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 don't think so that bitcoin can be useful for a troubled economy. There is no legalization by world economy about BTC so that if any county use it, it can not be counted there and they can not get help also from big donners and investors. Because they can not guess the actual economic condition of that country. So i think it may some time benefited but in long term it may be great problem.
bitcoin has a lot of similarity with Gold that make it recommendable for storage of asset and value during economic crises; such factors as durability, fungibility and scarcity. However, its digital nature give it some advantages to Gold; its easy storage without third party, easy and better security, liquidity on the internet, potability and divisibility.
Stop comparing Bitcoin with gold. These are two different things that are It seems only that they have a limited number. This Today, you may consider yourself a rich person, but tomorrow you will want to have real value in your hands, and not own a certain amount of air. I made the analogy. 
bitcoin has a lot of similarity with Gold that make it recommendable for storage of asset and value during economic crises; such factors as durability, fungibility and scarcity. However, its digital nature give it some advantages to Gold; its easy storage without third party, easy and better security, liquidity on the internet, potability and divisibility.
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
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
True. Cryptos gives new opportunity to those people who can't survive with their work alone, especially the ones who needs investment, although we all know that cryptos especially bitcoin is too risky and volatile to be an investment, yet its volatility gives more chances to make good amount of profit from it. Also bitcoin gives opportunity to some people to earn little amount from it by joining campaigns. Economy with more people having work and earning money can help in country's recovery.
bitcoin can be a double edged sword for a troubled economy
when the economy is in trouble it usually means that the country is run by the not so very competent people
this could be their predecessors at helm or them, it doesn't matter
what matters is that they would not want an extra trouble dealing with something that cannot be controlled directly
bitcoin and cryptocurrencies are decentralized and cannot be just stopped like you can stop printing money , for example
so for a troubled economy an asset you do not have control over could turn to be very dangerous
if you want an example, try Venezuela and its hybrid Petro
did it solve any problems ? apparently not , to my knowledge
in the modern world it all depends on who and how are making decisions: you can have cola bottlecups as a currency and be a successful economy (not really /sarcasm )
when the economy is in trouble it usually means that the country is run by the not so very competent people
this could be their predecessors at helm or them, it doesn't matter
what matters is that they would not want an extra trouble dealing with something that cannot be controlled directly
bitcoin and cryptocurrencies are decentralized and cannot be just stopped like you can stop printing money , for example
so for a troubled economy an asset you do not have control over could turn to be very dangerous
if you want an example, try Venezuela and its hybrid Petro
did it solve any problems ? apparently not , to my knowledge
in the modern world it all depends on who and how are making decisions: you can have cola bottlecups as a currency and be a successful economy (not really /sarcasm )
This is exactly what many of us in the community thought when Bitcoin was new, but today we actually found that that is not the case. It's true that Bitcoin can help countries which need money but does the country need something new on their system. As with the case of China and India, we have seen these countries have banned Bitcoin(India's preparing for the ban). Let me take the example of India, India is a country with a massive population so it needs food and money to feed all the tummies and keep everyone alive. But on top of it, India is preparing to ban cryptocurrencies from it. I know India is not a stupid country but they are not ready yet, their government is not ready yet. I have seen a lot of countries who accepted Bitcoin and their recovering their losses and India can do that too but it's just they are not ready yet left do not take it as bad.
That is indeed through the acceptance of the government to use cryptocurrency for their constitutes. Though we see a bright future for Bitcoin but for our authority to plan on banning it seems like they found something that an ordinary person does not understand.
This is exactly what many of us in the community thought when Bitcoin was new, but today we actually found that that is not the case. It's true that Bitcoin can help countries which need money but does the country need something new on their system. As with the case of China and India, we have seen these countries have banned Bitcoin(India's preparing for the ban). Let me take the example of India, India is a country with a massive population so it needs food and money to feed all the tummies and keep everyone alive. But on top of it, India is preparing to ban cryptocurrencies from it. I know India is not a stupid country but they are not ready yet, their government is not ready yet. I have seen a lot of countries who accepted Bitcoin and their recovering their losses and India can do that too but it's just they are not ready yet left do not take it as bad.
I think it is possiblefor bitcoin to be used as an alternative to fiat money. Since that kind of currwncy stretches across the globe. But i dont think government officials would make it that easy to fully adopt bitcoin as their secondary source of income. It is risky and somewhat more on the unstable side as it always flactuates in price. I have read an article, containing the information that Venezuela’s President Nicolas Maduro announced last month that the country would create its own token to help its economy. Yet officials in the country, including the opposition-led national legislature, have strongly pushed back against the idea.
that really happened and the typical example was Venezuela. BTC is really a great asset to help your fiat value not lose its value over time.
According to the report, each year Bitcoin often increases from 100% - 300% from the period 2012 - 2017.
In 2018, there was an incident because the whole world economy collapsed, not just for BTC.
but now its value has been restored to a high level of $ 11k.
No need to wait for Goldman Sachs experts to speak up, we can also see that.
According to the report, each year Bitcoin often increases from 100% - 300% from the period 2012 - 2017.
In 2018, there was an incident because the whole world economy collapsed, not just for BTC.
but now its value has been restored to a high level of $ 11k.
No need to wait for Goldman Sachs experts to speak up, we can also see that.
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