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Topic: Bitcoin can be useful for a troubled economy - page 27. (Read 33128 times)

legendary
Activity: 1036
Merit: 1002
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.
jr. member
Activity: 238
Merit: 3
ImmVRse | Disrupting the VR industry
indeed, in the economy right now thats should be better to having a fast transaction in this global era, quiet fascinating when knowing about this stuff in the future
newbie
Activity: 95
Merit: 0
it is true, many new rich people from bitcoin income and much help someone in the economic needs. it's real not just fictitious and it can not be denied that bitcoin performance has excellent quality, equivalent to two thumbs.
sr. member
Activity: 1344
Merit: 261
It can seriously be a good tool for fixing a broken economy, countries in Africa have much better economy ever since they have legalized Bitcoin, it's for the better of the country and Africa is indeed Bitcoin-friendly, I suppose other third world countries would start knowing instead of avoiding and ignoring bitcoin, it's time to wake up, let's face it, bitcoin can be the solution to one's troubled economy.
full member
Activity: 326
Merit: 100
 my native country is having a economic problems right now, so I wish that bitcoin would be accepted soon in our area
hero member
Activity: 1722
Merit: 528
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,it can be helpful for a troubled economy as the troubled country can use bitcoin for improve their economy

Bitcoin helped a lot of people create a profit through investing on these digital currencies though it is still risky since these digital currencies are so volatile the reason you do not know what might happen when you invest. I am saying these since the only one helped by Bitcoin is not the country nor the nation but the investors that owns them. With a small population of its users, I don't think that it will creatw that big change.
full member
Activity: 448
Merit: 107
Indeed , I agree. Bitcoin is very useful for a troubled economy , it open a great opportunity to those who cannot be able to work and to those who are willing to earn profit. Our economy troubled because of the lesser job that offered to people, competetion is so high that some cannot reach thei standard but bitcoin can give you to get profit even you do not graduate college , a person with disabilities or a stay at home person
legendary
Activity: 1302
Merit: 1037
Yes, Bitcoin can be useful to every Country's Economy. Imagine if all the people have the chance to earn money even if they don't have a decent Job. even the Students can earn money too. the Percentage of Poverty may go down. everyone can buy their primary needs.
Yeah! No doubt bitcoins will save the economy of one’s country in this way. People will get economically good by earning through these BTCs and in result of that the whole country will get economically well but this can only happen when the illiteracy rate will be lower because when the people will have some knowledge about cryptos, after that they will start earning from this. 
newbie
Activity: 80
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


Yeah,it can be helpful for a troubled economy as the troubled country can use bitcoin for improve their economy
full member
Activity: 560
Merit: 107
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
sr. member
Activity: 742
Merit: 397
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




Cryptocurrency could be a very big asset and could bring a big impact in our society these days. It could also be a big help for most of users around the country which could also help the community and the society to grow faster and better. It plays a helpful role in our society nowadays.
legendary
Activity: 1120
Merit: 1000
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



Ofcourse yes, it can be useful to the troubled economy because bitcoin has a contribution to each economy. Itcan hep the economy to grow especially if there’s a lot of bitcoin users in such areas. Also if they use the bitcoin properly it may help the to make the economy have a better life and better position.
Very honestly bitcoin is not yet as such popular that it can effect the economy of a country, but it is a fact that bitcoin can change the economy of an individual person, and i think we have a  lot of experience about it, Bitcoin has changed the life style of the people, it make people billionaire in few years, and still continue giving profit to people.
hero member
Activity: 2912
Merit: 541
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as long as that country has a good internet connection and the people want to join into bitcoin, I am sure that they can solve their problem, especially for personal finances problem. bitcoin giving the opportunity to them to make money so they can start right now and they can have a better life in the future. but this is not an instant way to get money because we need to work in many aspects related with bitcoin and the other altcoin so we can make that money for our life. but this will depend on how the government reacts about bitcoin and if they are really concerned with their people and they want their people to have a better life and better chance to make money, then they can suggest to their people join into the crypto world.
jr. member
Activity: 448
Merit: 4
Bitcoin can have a big rule to improve,seattle the troubled economy in one government. It will be usefull to minimize the number of poverty and improve their daily living,it will be the primary source of their daily needs.
full member
Activity: 413
Merit: 105
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



Ofcourse yes, it can be useful to the troubled economy because bitcoin has a contribution to each economy. Itcan hep the economy to grow especially if there’s a lot of bitcoin users in such areas. Also if they use the bitcoin properly it may help the to make the economy have a better life and better position.
newbie
Activity: 64
Merit: 0
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).
newbie
Activity: 116
Merit: 0
I think bitcoin can help in some countries which thier economy are struggling to develop. Bitcoin can give money at very least.
sr. member
Activity: 462
Merit: 250
so true. because bitcoin is the place for people who are still in trouble in the economy. and from yesterday bitcoin also has helped the economy is bad again and help my economy as well


Bitcoin help the economy only indirectly. Because this can never help the economy directly. As we all know, bitcoin or any cryptocurrency is not approved by the government yet. Not all government give chance to bitcoin to become part of the economic hero of the country. How ever, bitcoin still helps the economy through the help it gives to its people.
member
Activity: 252
Merit: 17
Bitcoin can increase the income of any individual if he or she will used bitcoin in the right way and on his or her way. Here in bitcoin there are a lot of ways for us to get money or to earn money. If a trouble country especially in economy will encourage people to use bitcoin to gain money surely its economy will raise. I can say that the economy is going down because of the people of the country; this is the biggest contributor on its rise and fall. So if all the people in that country have a lot of money or wealthy, surely its economy will follow thru. So if your economy is on trouble just patronize bitcoin because surely it will help.   
member
Activity: 121
Merit: 10
I dont know if bitcoin can be useful for a troubled economy.I am just confused because if it is very helpful then why is it some of countries banned bitcoin?Even in my country which is belong to third world country doesnt embrace bitcoin.
I suppose the reason why some governments from third-world countries ban bitcoin is not because of its helpfulness but it's what bitcoin can do to banks and governments. They are afraid and frightened of bitcoin since to them, bitcoin has the potential of replacing traditional currencies and disrupting their economy. My government has started to pay attention to bitcoin and they are likely to ban it but there hasn't been many regulations about this so I'm still lucky to be able to make a living from bitcoin.
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