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Topic: Bitcoin can be useful for a troubled economy - page 26. (Read 33128 times)

member
Activity: 336
Merit: 10
Yes it can be use and it can be a saver of a troubled economy and every country. Bitcoin can help a lot and its a huge impact on your industry especially economy cause we all know that many jobs can provide bitcoin and that jobs will our people extra money and that extra money will bought a food then the food had a tax that will towards at government. Bitcoin can be really useful in a troubled economy for example, if the economy is suffering loss because of the corrupt people then bitcoin can solve that
full member
Activity: 502
Merit: 100
YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

Actually, bitcoins can boost up the economy of any country if the government will just use cryptocurrency in a good way and the funds they will earn can be used for different investments or to build infrastructure.
Bitcoins can help the country to maintain its currency and sometimes boost it as per the country’s requirements. Just the country needs to do is make bitcoins trading and exchange legal so that the people can earn money from bitcoins as soon as possible and when the people will start earning  and become financially stable, the economy automatically will boost up.

Yeah and hopefully government will know that so they can legalized bitcoin as a currency in a country, bitcoin really can help the economy to grow, I'm hoping that after government notice that they will do move to make it legal.
jr. member
Activity: 238
Merit: 4
I don't think positively it will but it may help given that bitcoin will be stable also. But when volatility is causing a problem then it is possible that it will only add to the trouble and it won't help that much to the troubled economy because there is not much to gain.
full member
Activity: 326
Merit: 100
 strictly persuaded that bitcoin can be helpful only in the case of wise government directions, otherwise bitcoin is destructive
member
Activity: 85
Merit: 10
I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however
Definitely! It will be useful in our economy soon, I believe that it will be the greatest purpose of cryptocurrency and that is to help each country having a troubled economy  in the coming years, if that happens then for sure that bitcoin will be the greatest demand in the whole world, so don't wait for it to come go and invest in bitcoin while we still have time.

This can be the answer to many countries problem on unemployment where local government can't give newly graduate a job allocated for them. That's one of the main problem on 3rd world country being unemployed. But with bitcoin how can they make a job from it? I know they can do bitcoin stuff or bounty campaigns but how about the people who don't have gadgets will the government provide them?
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
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



Indeed, but it would be a troublesome somehow in the economy because of its continuously fluctuations happening all throughout but it would be a big help for such country whose economy in terms of financial has a problem. In addition, it would be also tough to do it so since, not all the people can afford to buy a technology, and besides not all the people has a single knowledge about crypto even to use it. But overall it could be an alternative thing for a real a money.
sr. member
Activity: 924
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.
sr. member
Activity: 586
Merit: 250
True, bitcoin can be useful for a troubled economy, this has been proven by many people, when they have economic problems then bitcoin be their helper.
sr. member
Activity: 980
Merit: 255
High inflation is simultaneously a tax easily collected by the government. If the majority of citizens do not use the national currency, the state will not be able to finance the projects needed by the country due to inflation (not all money is spent on corruption, some of this income goes to people Wink).
You are talking as if high inflation is moral or even necessary but it is not, high inflation is bad for the economy, the governments and the people of the country and yet governments engage in it thinking they can control it very much like drug addicts that think they can control their addictions and like them they always fail and they drive the country to a crisis so big they can only get out of it by printing more currency and this wrecks the economy even further.
full member
Activity: 354
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



Yeah bitcoin can help in troubled economy. It has a lot of help in economy because it can affect their grows. People say that bitcoin help the economy because it has a conyribution. It can help to grow thhe economy.
sr. member
Activity: 1484
Merit: 254
I believe that bitcoin is well-deserved to tackle a wide range of frequent global economic and financial problems, the over-tight control of the central bank makes it difficult for people to develop other potentials.
member
Activity: 364
Merit: 10
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 can say that bitcoin is helping a troubled economy of a country with all the financial provision it did help to the people. Some users who are successful are helping others by building business. The unemployment rate is lowered and parents can send their children to a good school with bitcoin earnings. 
legendary
Activity: 1442
Merit: 1025
of course, for most countries that have a weak economy, Bitcoin can be relied upon to be able to fix financial problems. even it has been proven that bitcoin is able to overcome unemployment and can create jobs for people who use it. if everyone can use bitcoin for positive things, I'm sure all countries will definitely accept the existence of bitcoin and can be unveiled all over the world
It will be hard for us to see any country that will be ready to take up bitcoin as a national currency since they all will not give up on centralization due to the control freak that they are. A true republic will not find it as a hard one. Basically all governments must need some income stream and when it falls down into doubts, how we can expect them to allow.

Allowing a peaceful coexistence of bitcoin alongside fiat just like countries in Europe, as well as Japan and Australia is doing, will really help to boost the economy in a good way, but it is just unfortunate that the underdeveloped countries that should embrace it the more, are the ones fighting it for their own selfish reasons.
sr. member
Activity: 588
Merit: 256
of course, for most countries that have a weak economy, Bitcoin can be relied upon to be able to fix financial problems. even it has been proven that bitcoin is able to overcome unemployment and can create jobs for people who use it. if everyone can use bitcoin for positive things, I'm sure all countries will definitely accept the existence of bitcoin and can be unveiled all over the world
hero member
Activity: 1092
Merit: 501
YES, in troubled economy of an environment or country, how to survive becomes the struggle of the people and if bitcoin is available they are definite to survive, even in my country we have been battling with economy recession but we have always been able to survive the hurdles with this great opportunity.

Actually, bitcoins can boost up the economy of any country if the government will just use cryptocurrency in a good way and the funds they will earn can be used for different investments or to build infrastructure.
Bitcoins can help the country to maintain its currency and sometimes boost it as per the country’s requirements. Just the country needs to do is make bitcoins trading and exchange legal so that the people can earn money from bitcoins as soon as possible and when the people will start earning  and become financially stable, the economy automatically will boost up.
full member
Activity: 373
Merit: 100
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.
sr. member
Activity: 644
Merit: 253
I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however
Definitely! It will be useful in our economy soon, I believe that it will be the greatest purpose of cryptocurrency and that is to help each country having a troubled economy  in the coming years, if that happens then for sure that bitcoin will be the greatest demand in the whole world, so don't wait for it to come go and invest in bitcoin while we still have time.
newbie
Activity: 83
Merit: 0
The technology of the distributed register will help people to get away from thousands of bureaucratic procedures, to minimize possible bribes. Technology will help to increase the flow of capital to countries where no one invests, will help to implement many social issues. In General, cryptocurrency is the future.

Exactly, all bitcoin have is the advance technology, if the countries accept bitcoin as their currency it can help them improve their system and will have a growth in their economy in more and efficient way.
newbie
Activity: 94
Merit: 0
For me, bitcoin can be useful to all economy even its troubled or not. But it will depend on the government sectors of that state if they will accept bitcoin and another cryptocurrency. But I think it will be better if that troubled community will use bitcoin because bitcoin’s and other cryptocurrencies capability is superb and many people will support it if these cryptos become legal to their state, many investors will be willing to build a company into their land, and another establishment.  But on the other hand is this country or economy can support that bitcoin’s technology, like a fast internet connection and users that using modern technology.  Smiley

Yes I agree with you, the government should accept bitcoin as their alternative currency, bitcoin can be useful in the economic growth of a certain country , imagine the fast transaction and big profit that bitcoin can give their services in a certain county.
newbie
Activity: 266
Merit: 0
Venezuela is one of the countries with the troubled economy and currency crises now they adopting cryptocurrency and for any underdeveloping country bitcoin works
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