Bitcoin can be useful for a troubled economy - page 23.

s0beit

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Quote from: Warwendal on January 11, 2018, 02:23:02 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 has really a big impact in the economy and it's growth. However, bitcoin alone can't change the economy but through the users and investors around us. It plays a vital role in the economy because most people who has sustainable life was changed by bitcoin. It changed some aspects and factors of the economy through the stability that it provides most of us.

Bakemat

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

Yes bitcoins can be useful for troubled economy because they can create their own mining hardware just like japan's way of earning profit from cryptocurrency and they use it to improve their own economy.

SirLancelot

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It’s making no sense to me, no single reasonable point on why or how it can be helpful to a country with a bad economy. The truth is that any country with a bad economy just needs to work very hard to free themselves from such a situation. Mostly we can have the government of that country to blame.

Most of these politicians you see these days are no longer interested in doing what is needed to improve their country’s economy and make the country a better place, all they care about is money and stealing from the country and pushing their wealth to other countries.

When politicians are acting that way, tell me how the country will ever succeed, since everything that is coming into it is being pushed out from the backyard by their so called leaders? Bitcoin has nothing to do here. When it come to Bitcoin we should only be talking about our personal lives and not Bitcoin.

CoinSlayer

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Bitcoin is an economy booster for any country we can see many country fate can be changed once they approve bitcoin as legal currency but most of the country governments are nt in a position to take this step

hexline11

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

You are right mate. Bitcoin can become a secondary choice for troubled economy which bitcoin has a great price value this day. If the cryptocurrency gain more attraction this will be a great economy soon.

BitcoinCommodor

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Quote from: Harrisonimo on June 13, 2018, 05:27:32 PM

It is very possible having the bitcoin/cryptocurrency help stabilize a troubled economy. There are oppositions to this becoming a reality even as the cryptocurrency world is being attacked. But on the long run when the governments of the world countries come to terms with the advantages of the blockchain/cryptocurrency then the reviving of dieing economies can start happening.

Not like so fast but yes, it can give them best support that no other source can give. Bitcoin is so strong that it has made the life of crypto increased. There are so many other coins as well that are constituent of crypto, but bitcoin makes the world amazed with its performance and fame. Now, countries are continuously trying to establish best pillars of crypto to make their future secure.

King money

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Quote from: vazarii on June 06, 2018, 10:38:47 PM

Certainly, it can help the developing economies in a number of ways. It increases the income of people through investment an thus they will pay more tax to the government.

I think bitcoin has really become the best choice for the citizens and it has been very helpful to many of them. Goldman sach is perfect!
Zimbabwe is an excellent case study and for those who really know about the economy of this country, they will know how annoying it is a very long time that keeps their currency over eliminated and with government policies and all that limited people from being able to do international transactions

yanixbtc

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Quote from: Linhkej on June 14, 2018, 10:39:07 AM

That's right, because we can bring a lot of money from foreigners back to our country. That makes the economy of the country significantly increased if many people succeed in the field of Cryptocurrency.
But most of the traders have little capital loss. Because the Cryptocurrency market is always manipulated because of very little capitalization. Please invest carefully because the Crypto market is a lot of risk.

I too believe that bitcoin can be useful in a troubled economy because it gives great opportunities to anybody in all walks of life to elevate their lives. Bitcoin can eliminate poverty specially in the countries that have less job opportunities.

mkhadazz

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yes you are right it seems bitcoin can be a very useful solution for economic problems and can make world economic conditions more better than ever by utilizing technology owned by bitcoin.

MiXxe

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Quote from: Coinredd on June 15, 2018, 11:17:01 AM

Of course. Bitcoin can help a difficult economy. Bitcoin is a help for people who are struggling with the economy. Bitcoin helps people raise their economies. Like me this, bitcoin helps me in financial matters.

I agree. Even if government have no income from bitcoin yet because they haven't legalized it yet, bitcoin has been helping the economy already. Why because we people do pay taxes to them directly. Bitcoin indirectly helps the economy. Of course we earn from bitcoin and what we earn are spent within the economy.

AMLMPS

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I think time will come that bitcoin will definitely lead the way for our digital economy. Our current fiat system has also downfall and we don't exactly knew now if the money being printed is really backed-up by gold reserve or they are just printing it. With our digital world nowadays, we need a digital currency to cope up with it.

liseff3

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Quote from: Warwendal on January 11, 2018, 02:23:02 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.

True, this has been proven as in the country: South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria. In those countries the demand for Bitcoin has risen as much as 10 percent. Not only that bitcoin has also been declared a valid payment instrument which can be converted into money cash with a sharp discount on the black market.

Best Dreams

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Quote from: Coinredd on June 15, 2018, 11:17:01 AM

Of course. Bitcoin can help a difficult economy. Bitcoin is a help for people who are struggling with the economy. Bitcoin helps people raise their economies. Like me this, bitcoin helps me in financial matters.

Yeah bitcoin gives us financially freedom and it helps us earn good money for safety of future. Bitcoin makes us economically good and strong because it gives us opportunity of saving our economics, we should hold our bitcoin for long term so it will helps us earning, more, bitcoin gives us chances of earning even at the most critical situations of lowest price, buy low and selling high is our one and only way of increasing profit and being economically strong,

Dodongbtc111

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Yes, I think Bitcoin can help development countries economy. Bitcoin can give job and give income to investor or bounty hunters. This can help increase economies money coming from outside source.

Topaz72

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Quote from: Elrozaq on June 14, 2018, 06:37:40 AM

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

yes, I think Bitcoin and other altcoin are very useful for countries with troubled economics especially in third world countries. They can paticipate in bounty campaign or invest in bitcoin. They will get alot income.

Bitcoin is going to be the best economical developer for us, we are now earning good amount of money through bitcoin, it gives us the opportunities of making our life good, and it is individually it has fine connecting with our economic life, I think now a day bitcoin is making everyone rich very fast but we will have to focus on our goal of being rich, bitcoin gives jobs to all people those who are suffering unemployment, will get good job as an online source of income.

MCVXYZ

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It's obvious,bitcoin allows us to convert our electricity to cash and get much more money if we do things properly,What about troubled countries and their economies of course there we have very bad picture because at this moment bitcoin is not enough to recover or improve country's economical conditions but it may be helpful for the society to earn an extra money(I think people who live in country with troubled economy,average they can earn from 800 to 1000 $ in one month if they learn and use this knowledge properly),but at the same time there maybe the risks related to ,,go out'' of country's money,which needs distinctive approaches.

Coinredd

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Of course. Bitcoin can help a difficult economy. Bitcoin is a help for people who are struggling with the economy. Bitcoin helps people raise their economies. Like me this, bitcoin helps me in financial matters.

SolomonSollarsNSense

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

That depends, it can even be the worst decision that was ever made. Not everyone in your country is interested in Bitcoin, so even if you invent it, I don’t think it will be helping the economy of your country in any way unless everyone there decides to work hard towards achieving something from Bitcoin, and that will be by them all choosing to invest their money and time into it, if they are able to do that, then they will make something out of it for sure. Trust me.

$anounimus$

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yes you are right bitcoin could be the solution of a troubled economy in the future, with bitcoin and the technology used by bitcoin seems to make bitcoin one of the best and most appropriate solutions for the future, just takes time to apply it.

LuciferEveningStar

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Quote from: Warwendal on January 11, 2018, 02:23:02 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 always improve the economy of a country because the profit from cryptocurrency is very high and trading in the market can actually become the source of income for our daily needs.

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