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Topic: Bitcoin can be useful for a troubled economy - page 24. (Read 33128 times)

sr. member
Activity: 980
Merit: 255
But it does require a good reception from the country government, it can indeed help in economic terms.. but here certainly requires a very good reception until it really can be supported and more attention to deepen it and also can push from the economic side of the country government. Well though not yet seen all countries can make it happen.. but there's a possibility later it really will be.
People forget that bitcoin not only eliminated the middle man when it came to banks bitcoin also eliminated the necessity to get approval from the governments, it is true they can make it illegal but if the situation of the economy in your country gets really bad people will use bitcoin whether is legal or not, this is what is happening in Venezuela where the government made bitcoin illegal and people prefer to take the risk with bitcoin and face jail time than to keep living in terrible economic conditions.
full member
Activity: 714
Merit: 114

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Bitcoin can be useful for a troubled economy

well id say that really depends on what is thier trouble all about. if the country is in trouble for money or from financial crisis , i think bitcoin could possibly help them because there are now lots of jobs online that pays in bitcoin therfor these can somehow provide them an extra income. although bitcoin related jobs must not be prioritize because real jobs offline are stilll more secure and can guarantee a long term working relationship than on part time jobs online.

bitcoin can also help people to improve the way they pay because bitcoin is a more advance and more high tech version of payment method that can deliver a fast , secure and easy transactions around the world .

other than that , i dont really think of any ideas about bitcoin helping the economy.
member
Activity: 350
Merit: 10
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.
full member
Activity: 240
Merit: 100
Yeah, True indeed. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare.

I agree with that, and here in our country I see that as one of the major reason why our country accepted this forum, I see our country as one of the least progressive countries these days and I think Bitcoin is not necessarily limited in the labelled for it to be used just to have money but it also a  platform which serves as a medium of the investors to offer well guided and innovative services and it was actually greaf since the capability of this forum is being extended, no more labels and certain limit to possessed, and this forum is an open-source and verh accessible for everyone.
jr. member
Activity: 210
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I might help. Bitcoin can help move products/ goods in the market, it can make movements in the stocks market as products are consumed.

But if the economy is suffering due to low production of resources, bitcoin can't do anything about it.
full member
Activity: 420
Merit: 100
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.

Yes bitcoin can be useful for troubled economy if the country is legalizing cryptocurrency on their area, there are a lot of people today who prefer trading in the market more than working on the corporate world because they believe that the price will grow as the times goes by depending on the supply and demand of investors.
full member
Activity: 237
Merit: 100
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



Actually it is possible as long as bitcoin in alive and helps people to earn enough so it doesn't matter.. Bitcoin can help if there is a trouble happening but this is only to the people who use bitcoin not all people. So maybe they must better learn on how to use bitcoin in case if it os happening.
full member
Activity: 546
Merit: 100
yes I think so, because with bitcoin I can get profit and earn extra income which of course very help my economy and finally I have economy and life better so bitcoin is very helpful
In some point bitcoin will really helps for a troubled economy since the most affected are the people who particularly live by that country and possible effect is the rising of unemployment and that problem alone the bitcoin plays a vital role in solving financial crisis by the people who have no income because of being unemployed.
hero member
Activity: 2912
Merit: 541
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I don't think that bitcoin can be useful for a troubled economy especially if the bitcoin price itself still volatile like today because when the price is down too deep, there will a big panic from the people from that country and they will rescue their money first. but for people which live in the troubled economy, I am sure that this will help them to make money because they can do many things in bitcoin and I am sure that there are not just bitcoin, but they can also make money from the other coins.
member
Activity: 245
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Digital currency like bitcoin are preferable or not in unstable economy depends on the country that will handle, we all know that crypto money are accessible with the service of technology that's why it become insane for those who can't afford those equipment, but it will be worthy to serve as a prime alternative way of exchanging goods, online payment and to develop more faster transactions.
full member
Activity: 518
Merit: 100
yes I think so, because with bitcoin I can get profit and earn extra income which of course very help my economy and finally I have economy and life better so bitcoin is very helpful
newbie
Activity: 112
Merit: 0
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.
member
Activity: 220
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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 it is a great idea. I never had that idea and I think it will be perfect for those country who have problem on their economy especially those who were in third world country. Probably this is the answers for countries who hard to pay thier debt. If bitcoin could help one individual the it could make the same also for his/her country. Hence, there's no reason for these government to think it as a threat
full member
Activity: 1344
Merit: 103
Yes ofcourse its very useful to every countries to use crypto or bitcoin in online industries but government of every countries are need to know more about this . And if your country accepting using crypto that a good news not only in you but also the country.
full member
Activity: 616
Merit: 100
FRX: Ferocious Alpha
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


Yeah I think bitcoin can useful for a troubled economy if they accept bitcoin in their country as currency, and also other cryptocurrency. You can buy bitcoin using money/credit card, if they used bitcoin for transaction for payment and buy good yeah this is possible,, but without money in their country i think it impossible to happen.
legendary
Activity: 1176
Merit: 1016
The success that bitcoin can bring to a person is so great that sometimes is difficult to believe, if you live in a country that is in a bad economic shape it becomes very easy to get by even with the smallest earnings of bitcoin. I think bitcoin can be useful to solve economic problems because by investing or doing something in bitcoin we can get profit that will be very useful to help the economy
When it comes to that of solving the financial issues on the individual basis, then there is no way that we can deny this fact that the crypto currencies are playing a significant role in helping the individuals in having a better living and that they are very much satisfied with the way crypto coins are helping them in making money. At country level, a lot of effort is still needed to be done to make the economy stronger.
full member
Activity: 490
Merit: 101
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.
full member
Activity: 392
Merit: 100
platform for everyday business
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



Will being a part  of this community maybe i can see that cryptocurriencies is the solution of the troubled country,especially that belong  to the thirds worlds poorest  nation,but in other hands how could the cryprocurriencies could help it,if those country has lack and zero of technology like some poor country part of africa,thats why i doubt,and i thinks not being a part of crypto world could help the troubled economy,and i thinks by using the resources of that  country could help make progress of their own economy and being an not corrupt governance could help those who have struggle country.
full member
Activity: 378
Merit: 100
When Football meets Crypto
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 affect the economy of a country in a good or bad way depending on the people in the community who is using it, cryptocurrency is somehow just the same because government cannot win it since people are preferring to use it more than fiat.
member
Activity: 266
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The idea might be good. We have only one that it is not legal, and can't help the legal economy of country. They have nothing common each other, think about that
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