Bitcoin can be useful for a troubled economy - page 34.

MiXxe

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Quote from: jaocoincrypto18 on May 31, 2018, 06:07:41 AM

Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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, reducing the unemployment is already a huge help to economy of a nation to become strong and stable. Unemployment is the most common problem of all nations in which it makes the economy to become more difficult but once unemployment will be reduce then the purchasing power of the people will become strong making the economy to become healthy and stable too.

You try to make a cause-effect analysis. If we only have thee accountability to do good things for the society we belong and do not just think of ourselves, I think we will be able to help in the best way we can. Fir instance, if we use the profit we earn from bitcoin to start up a business, we will be able to help reduce unemployment and it will also pull the economy upward.

jaocoincrypto18

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Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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, reducing the unemployment is already a huge help to economy of a nation to become strong and stable. Unemployment is the most common problem of all nations in which it makes the economy to become more difficult but once unemployment will be reduce then the purchasing power of the people will become strong making the economy to become healthy and stable too.

pabpete

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Quote from: Lexurdania on May 31, 2018, 03:44:06 AM

Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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 is new monetary system with blockchain technology. With bitcoin, monetary system will more stable because money not always printed and inflation can be controlled. I am believe bitcoin with the blockchain technology is good for economy system

Evidence suggests that during times of crisis, people are increasingly looking to bitcoin as a viable alternative to their own beleaguered currencies. As the Greek crisis unfolded, bitcoin exchanges reported a healthy bump in volume as people traded the cryptocurrency around the world. The lion's share of the increase came from customers in Greece.

Pendularin

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Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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 guarantee this statement is pretty true . Butcoin is useful for a troubled economy because it will help the economy have a bigger money and have a bigger savings .

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Quote from: developer101dev on May 29, 2018, 05:19:42 AM

Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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 bitcoin is very useful for those countries who have small economy and they can use bitcoins like mining cryptocurrency in order to earn more funds for their own needs and that is the reason why japan today really likes to be the capital of cryptocurrency in their ow country.

Well, Japan is good option here but how can you say they have small economy? No, they have a giant economy that is just pervading all over the world day by day. You can see thing manufactured by Japan over the globe and that is the thing that makes them different. And plus point is, they are working hard in bitcoins too so in coming future, they would be main stream of this crypt world.

Lexurdania

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Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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 is new monetary system with blockchain technology. With bitcoin, monetary system will more stable because money not always printed and inflation can be controlled. I am believe bitcoin with the blockchain technology is good for economy system

imstillthebest

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Quote from: squog on May 31, 2018, 12:16:39 AM

I guess you can say that. An economy actually blossoms when there are alot of movements. More transactions within and out the country helps circulate wealth and make the economy better for it. Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

An economy can improve not only in the flow of transactions but also more importantly to its development. Lets say a country is well developed because the taxes is spend correctly but that country isnt using a bitcoin , i think that is still an example if a succesful economy.

Quote

Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

Yes cryptos like bitcoin can provide a better service in the means of payment purposes but using a crypto doesnt have included a tax although it requires a transaction fees in order to send a transaction to someone else.

But overall i dont think bitcoin can help a troubled economy because the government is really responsible for it not bitcoin or any other cryptos.

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Quote from: BulbaLord on May 31, 2018, 12:34:46 AM

In my opion I think it can be useful and help a troubled economy if every country let bitcoin to be legalizing it can help to boost the economy of the troubled country. And the possibility of personal success is so high.

Bitcoin is help to people future growth and people will be learn more information of other country growth. So if need other country growth. Check the country economy. So bitcoin change the country growth. People will be growth country also growth. So bitcoin part of the people growth. Most of the people hold the bitcoin for the future saving and future growth. Economy is important of the country. Some people don't know about the economy. Some people this economy is currency. But economy is not currency. It part of the country growth.

BulbaLord

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In my opion I think it can be useful and help a troubled economy if every country let bitcoin to be legalizing it can help to boost the economy of the troubled country. And the possibility of personal success is so high.

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I guess you can say that. An economy actually blossoms when there are alot of movements. More transactions within and out the country helps circulate wealth and make the economy better for it. Crypto currency does that by providing people a means to purchase more. More purchases more taxes and money circulates.

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While the idea of making bitcoin a universal currency may have impeccable logic for the utopians of the digital age, in practice it makes no sense. And bitcoin's design is hard to imagine. Because the supply of bitcoin is limited, its value will rise if demand for it rises. But that means if you have bitcoin, and you think it's going to be more popular, it's wise to stick with it, because tomorrow it's going to be more valuable. This makes people less willing to actually buy things with bitcoin and more interested in them as speculative investments, which I don't think is good for the economy.

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Quote from: bintangkejoraku on May 28, 2018, 05:23:24 PM

I really agree with that, I already feel the benefits of bitcoin in my family's economy. I can help a little improve my family's economy.

Bitcoin is that’s why loved by everyone because it has helped numerous people regarding their financial problems and provided them with the solutions they had never imagined. Many jobless talented people have started their businesses with what they had earned from bitcoin after holing it for a long time and selling it off when the market is hitting the sky. I am pretty much sure that it would be used worldwide soon.

Barbarian

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Quote from: Cordenne on May 29, 2018, 04:47:58 AM

Yes Bitcoin and other Cryptos can be beneficial to struggling countries. Zimbabwe is a good example I read up on, recently lifting their ban on Crypto dealings. http://bitcoinist.com/high-court-zimbabwe-lifts-regulators-cryptocurrency-ban/

This is great news, the people of Zimbabwe really need cryptocurrencies to store their value when there are very few dollars and the government is once again cheating them, so I'm really glad they have access to crypto again now they need to get bitcoin as fast as they can before they lose that right again.

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Yes, these countries can take is as their national currency, or link the currency to bitcoin, to strengthen it. That might be a good idea.

hibiscus

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Bitcoin was useful to many countries to survive from the financial crisis due the inflation or some other reasons.Bitcoin has served as an alternative currency during the financial crises to the countries such as Greece., Venezuela,Japan>Brazil etc.If we are reviewing the history it will be quiet clear that it will be more convenient to operate the crypto currency along with the national currency. Bitcoin is the powerful crypto currency which can be useful world wide due to its specific features.

ylnar123

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Quote from: Warwendal on January 11, 2018, 02:23:02 AM

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 might be the solution for those country with troubled economy, but that is if the government will implement and educate their subordinates to follow and learn on cryptocurrency most specially Bitcoin. The hard part is the acceptance of people in the lower rank on Bitcoin as their means of payments which is hard if they have no internet.

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Quote from: catur_072 on May 29, 2018, 06:26:40 AM

yes, I think it could happen. but that only applies to countries that legalize bitcoin. Because as we know some countries do not agree with the existence of the bitcoin. bitcoin can be a supporter of a country's economy and can help small communities, even reduce the unemployment rate.

I totally agree with you as bitcoin can be a real life saver for a lot of people and it has helped with improving their qualities of life. However, to some countries which put a ban on bitcoin or don't have bitcoin regulation, it can be difficult for those want to earn a living with bitcoin. I know some people from my country who trades bitcoin but when there are too many of them, the government starts to pay attention to cryptocurrencies and their work gets a little bit rough.

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Quote from: d0flaming0 on May 29, 2018, 04:20:25 AM

Quote from: Betwrong on May 29, 2018, 04:00:24 AM

Quote from: Seeker#9 on May 29, 2018, 01:22:51 AM

To help the economy of a troubled country, here must be a widespread use of bitcoin or any cryptocurrency. Some countries are already creating their own coin like Venezuela but its benefit is yet to be felt. Virtual currencies are volatile and many holders and investors might be affected if the price go down suddenly and if the price continue to fall, it will also negatively affect the economy.

Not necessarily. Economy is a more sophisticated structure than that and the price falling can contribute positively to its overall development. For example, if a certain number of people were buying crypto with their spare money, which they would keep intact on their bank account otherwise, it's good for the economy since every economy benefits from movement and deteriorates with stagnation. Another positive effect of price falling is that seeing "cheap" (compared to past prices) cryptos more people will be attracted to buying them, and again it will be good for the economy because it will drive up the overall turnover.

it is also good to hear that some other countries are already making their move in order to adapt this kind of economy, sad to say that in our country i don't think there is even a slight chance that they are making their move to adapt in this current state. i also personally think that it could also help some troubled economy.

Don't be so pessimistic. You are from Philippines, as far as I understand, and the attitude towards crypto is not so bad in your country. There are 11 exchanges there and there are 9 Bitcoin ATMs in Manila. I can assure you I've seen worse attitude. Basically your government wants to fight Ponzi schemes and cloud mining scam projects, but it gives the opportunity for crypto enthusiasts to do their business. Check out this article, for example:
https://news.bitcoin.com/philippines-welcomes-crypto-economic-zone/

Ikay

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It might be happen because not all country will help by cryptocurrencies it my be cause of troubled or improve a economy but it will base on a country that open minded that they accept the destination of crypto in their country.

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Quote from: @prashant on May 29, 2018, 08:45:55 AM

use of crypto in paying dept overseas can help in economy boost but the major thing is blockchain or ledger technology which can revolutionize existing system to improve it better way,it can play a vital role in reducing the government level corruption so citizen can view the transaction done by govt from taxpayer money.

Agreed, and bitcoin being an useful innovation for a troubled economy was put forth years back when Zimbabwe was facing hard financial crisis. During that time economic analysts suggested for the adoption of bitcoin and in reality now if Zimbabwean government has done that, it could have gained more stability in its economy.

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