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Topic: Bitcoin can be useful for a troubled economy - page 28. (Read 33128 times)

full member
Activity: 476
Merit: 100
yes you are right bitcoin can be a solution of financial problems in the world because I see bitcoin can provide a very safe payment to use so you better reproduce the bitcoin you have because bitcoin is a very good platfrom.
member
Activity: 392
Merit: 10
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Goldman Sachs, as far as I know these are bankers of a major American Bank. Perhaps they are right that bitcoin can help the economy, but I do not think that will resolve the situation in distress countries . Bitcoin is down and the economy is down. Bitcoin is push up and the economy is up. Not stable.
full member
Activity: 448
Merit: 100
Lets Go Adab
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.
sr. member
Activity: 910
Merit: 260
Yes. It help to people growth and country growth. So people growth is country economy growth. Economy is currency. It part of the country. So if country will be down economy also down. Most of the business before loach the other country check the country economy growth. So if need for other country growth. First check the country economy growth. So people will be growth country economy also growth automatically. So bitcoin is helpful for the all country people growth. But some country not accept legal way. Coming future bitcoin will be accept all country. If accept the bitcoin all country. It change the world digital ways.
jr. member
Activity: 101
Merit: 4
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.
jr. member
Activity: 210
Merit: 1
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.
legendary
Activity: 1120
Merit: 1000
I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.
Yes that is right that currently it may not be possible but still in future when bitcoin will become too much popular then there are so many possibilities to happen that.
hero member
Activity: 2478
Merit: 512
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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



Yes because some countries like in the African continent have considered using cryptocurrency as an alternative means of payment. this is very simple and easy, hopefully, bitcoin will be legal all over the world. The truth, bitcoin changes the economy of a society for the better. even if an unemployed person can make money from bitcoin is certainly good for the future of a country
jr. member
Activity: 228
Merit: 1
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 bitcoin is not the right solution to boost a country's economy because we know fluctuating price stability of bitcoin,and I don't think bitcoin can replace the traditional currency function as a means of payment.
member
Activity: 308
Merit: 10
I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.
But in my thought bitcoin is very useful for economy of a country, for example if a person earn money from bitcoin and he also invest their money in bitcoin and that's why he get a lot of profit from this currency and he want to start a physical business, so that's why a lot of money come in their country and a lot of people who are unemployed so they will get job by business, and that's why he will pay taxes so economy will more improve and country will more succeed, so that's why bitcoin is very helpful for an economy.
hero member
Activity: 2184
Merit: 513
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I honestly never think that bitcoin, which is easily manipulated by whale (as for now) and which majority of the coins hold by minority of bitcoin community can solve a country's troubled economy but instead isn't it going to make the economy even worse? especially when the pump and dump occured, it will be a disaster for the country that consider bitcoin as their national currency.
sr. member
Activity: 2366
Merit: 448
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The biggest problem in the economy is finance and bitcoin can make money or it can be converted into real money that can be used in everything, so bitcoin can solve economic problems or other problems in a country or individual.
and I think very many people who have been assisted by bitcoin in the economy or other problems can even make it rich.
sr. member
Activity: 980
Merit: 255
sure it can be! just the government need to know how to use it properly and for being useful to the county economy!
No, bitcoin can useful for individual persons so they get a better life but a government will be unable to do this, they will want to impose the use of their own currency and many other laws to try to regulate the markets, we see all the time this happened in Argentina a few years ago and it will keep happening, bitcoin allows you to get around that system of laws and prohibitions and get a better life for yourself but be careful since governments may pass some laws to prosecute people like that.
full member
Activity: 209
Merit: 100
Bitcoin is given useful in the field of transaction on the market in the form of crpytocurrency because it is the future currency people could used to somehow develop the existing market in terms of transaction, investment or even in trading.
member
Activity: 238
Merit: 10
Hello World!
Btc can be useful for a troubled economy, not just the troubled one but also those who are big and others that are gradually arising. Countries having difficulty on their economy is due to less fortunate people. I believe that btc can help the people to gain income and once many people started to support it, it will surely help them and the economy. Some countries are into crypto and gradually it helps in their development.
newbie
Activity: 252
Merit: 0
Bitcoin can be a way to help and solve economic problems in some countries.

We see venezuela as an economy in crisis. They use cryptocurrency and hope the economy will improve.
sr. member
Activity: 454
Merit: 251
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


In my own opinion, bitcoin can really be useful for a trouble economy because it gives people a good source of income especially for those unemployed people that is why it can lessen unemployed people in a country. Bitcoin is really beneficial that it can gives you good income that are enough to provide your basic needs.
member
Activity: 350
Merit: 12
yes,bitcoin can be useful for troubled economy because it enable people to have an income specially those who are unemployed.It just so sad that those who doesn't have money to invest and jobless cannot participate in signature campaign anymore if they are newbie.Signature campaign is also a big help to those who are unemployed.
member
Activity: 189
Merit: 10
I think thats clear, and i already read in some countrys in africa it already is. They are many countrys and gouverments who has unstable economics, and the money the people have just loose faster value then bitconnect while the correction. SO i think in future we will see a lot of countrys who will get helped from cryptocurrencies.
hero member
Activity: 840
Merit: 516
yes that's right, because bitcoin has helped one's life from bitcoin to build their economy. It's been proven from bitcoin income. So I think so.
Bitcoin is good for so many people and that it can be used by almost all of us to overcome this trouble of making money. Bitcoin and all other crypto coins are helping in the best possible way to lift the economy of the different countries especially the under developed countries as they are getting a chance to help their people in a better way. Bitcoin can of course change the world.
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