Topic: Bitcoin can be useful for a troubled economy - page 3. (Read 33128 times)
What to do to the government, the country of which will switch to Bitcoin, and at this time the cryptocurrency market will again fall following the 2018 example. You understand that the state budget impoverishes completely and all state structures and social programs will cease to function, since there will be no financing. No one will spend Bitcoin, which should cost for example $ 20,000, and it will fall to $ 2,000. For example, you can take the state budget of the United States of America for 2017. If the budget was 19, 5 billion dollars, it is practically 975,000 Bitcoin, at a price of 20,000 dollars. But when the cryptocurrency market falls, and the price of Bitcoin will be $ 2,000, the country's budget will decrease by $ 1.9 billion. In order for Bitcoin to participate in the country's economy, Bitcoin must be stable.
giving much people opportunity about new job that dont need uniform , help for "non education " people to get their job tho
Bitcoin can make wealthy to you and to your country and also you may earn bitcoin by mining but you cant get a job by bitcoin directly, though there is a huge chance to earn bitcoin in various ways. yes i agree partially. but the issue is it is still not enough proper for fast payment. bitcoin network size, transaction speed and fees are still too high to be able to use it effectively. we will se what future will bring.
It seems to me that you first need to overcome the confrontation between those 2 sides who adore Bitcoin. To someone really wants Bitcoin to be used as a means of payment, but it will not be possible to achieve this, as long as you are investors who invest in Bitcoin wants to get super-profit. Bitcoin's volatility attracts large investments, not its possible practical applications.
yes i agree partially. but the issue is it is still not enough proper for fast payment. bitcoin network size, transaction speed and fees are still too high to be able to use it effectively. we will se what future will bring.
If bitcoin is considered a place of investment and a tool for trading, this will be very helpful for people who have problems with their economy because with this we can get quite a large amount of results too, but if bitcoin is used as a currency or a medium of exchange then we will not Get anything from this bitcoin, you can only make transactions
yes, it all depends on how it is used. bitcoin has the potential to help the economy, but it also has the opposite potential. depending on how you use it, because when bitcoin is used for the wrong path, of course it can make the economy more damaged. but, most of what I see, the right use of bitcoin will make people improve the economy they have.
Bitcoin has changed lots of lives and at large has impacted the economies of countries which have accepted or are neutral about its activities. In such countries, the people are exposed to financial freedom as the gain control over their transactions. The people get job opportunities like crypto mining, project development, bounty hunting, etc.
You are absolutely right, with the rate of hyper inflation in Venuziella and Zimbabwe, most citizen are embracing the adoption of digital currency to survive. RSR token are creating an ecosystem to help people in the troubled countries.
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
We can use cryptocurrencies during out break. In fact, I am thinking that this might help us to keep our valuable, when there is an inflation. If the economy is in the recession stage, we invest in cryptocurrency so that the value of our fiat may preserve. Bitcoin is really useful in a troubled economy, specially for an individual like us.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
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
We can use cryptocurrencies during out break. In fact, I am thinking that this might help us to keep our valuable, when there is an inflation. If the economy is in the recession stage, we invest in cryptocurrency so that the value of our fiat may preserve. Bitcoin is really useful in a troubled economy, specially for an individual like us. 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
Unlike the country and its level of economic situation bitcoin is truly helpful for a troubled economy. One news recently came out of Iran stating the usage of bitcoin. They were not in a situation to carry their currency, by the time bitcoin is the savior for them. There is no restrictions for usage, but for security reasons they keep using vpns. Growth of the common man's economy is the growth of the country. This way bitcoin is truly useful for troubled economy.
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 hard. There are very limited ways to earn bitcoin. And saying that money is not sufficiently provided, it would be a third world country, wherein people will not be exposed to such technologies. They may get shocked on this new way of earning. And it can't be inplemented right away since they need to be trained. And access to bitcoin and other cryptocurrency maybe a problem since the country may also lacking technologies like internet. So it not easily applicable. 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 do not think that Bitcoin could really help in a troubled economy but I do believe that bitcoin can be a tool for a troubled economy to gain more transparency and efficiency especially in the field of money transactions where P2P was being encourage as a bitcoin users. This will be easier for the bitcoin users to transact using bitcoin rather than having the old system having a lots of papers to be sign and file. Bitcoin is different because it uses blockchain and does not need any files to prove that transaction was being successfully done or not and it also could be accessibly seen in public.
it does not have a direct effect on the jurisdictional order, it only helps a small number of people who understand the crypto development. the potential risks faced are even greater because not everyone has enough basic, but at least bitcoin is an alternative support at the starting point of economic rescue.
If that's what you believe, then people has to learn how to use bitcoin, there is no risk if they fully understand and learning what is bitcoin is not hard.
As long as you have the internet and you have the time to study, you'll understand it, and trading even not hard, just buy and hold to protect the value of your money against inflation.
If bitcoin is considered a place of investment and a tool for trading, this will be very helpful for people who have problems with their economy because with this we can get quite a large amount of results too, but if bitcoin is used as a currency or a medium of exchange then we will not Get anything from this bitcoin, you can only make transactions
yes, it all depends on how it is used. bitcoin has the potential to help the economy, but it also has the opposite potential. depending on how you use it, because when bitcoin is used for the wrong path, of course it can make the economy more damaged. but, most of what I see, the right use of bitcoin will make people improve the economy they have.
The fact is that users of cryptocurrency as well as companies and organizations that are engaged in cryptocurrency business have very little information about cryptocurrency and its benefits for the state. 2016 was a year of popularization of cryptocurrency in society, where it was said only about the benefits of cryptocurrency for a particular person and his great opportunities to make a good profit. Government officials today spread the information that cryptocurrency is a threat to national security, and therefore it is necessary to disseminate information that refuted the information of officials.
If bitcoin is considered a place of investment and a tool for trading, this will be very helpful for people who have problems with their economy because with this we can get quite a large amount of results too, but if bitcoin is used as a currency or a medium of exchange then we will not Get anything from this bitcoin, you can only make transactions
yes, it all depends on how it is used. bitcoin has the potential to help the economy, but it also has the opposite potential. depending on how you use it, because when bitcoin is used for the wrong path, of course it can make the economy more damaged. but, most of what I see, the right use of bitcoin will make people improve the economy they have. 
it does not have a direct effect on the jurisdictional order, it only helps a small number of people who understand the crypto development. the potential risks faced are even greater because not everyone has enough basic, but at least bitcoin is an alternative support at the starting point of economic rescue.
If bitcoin is considered a place of investment and a tool for trading, this will be very helpful for people who have problems with their economy because with this we can get quite a large amount of results too, but if bitcoin is used as a currency or a medium of exchange then we will not Get anything from this bitcoin, you can only make transactions
giving much people opportunity about new job that dont need uniform , help for "non education " people to get their job tho
Good point. But It's hard for any country to switch to bitcoin completely.
They will not be doing that.
Also, Bitcoin will not help any troubled economy at all since if that is the case, a lot of countries will be accepting it so quickly, why would countries ban a cryptocurrency that can help their troubled economy, right? It might be able to help people that are investing in it but I don't think it would be of a major help that it can change a country's economy.
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