Bitcoin can be useful for a troubled economy - page 35.

iMark

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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.

I think bitcoin will not help the country's economy in a massive way, but it can help the economies of individuals who use it, people can help their economies because bitcoin investments are profitable, or there are many ways to get bitcon, and they can use it to make a profit, and improve their economy

yvesp110

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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 like talking about lender of the last resort. Bitcoin being a great technology can initiate good days in an economy by eliminating the extra expenditures that are made by the people in the form of intermediate fee for making a transaction happen. Besides, Bitcoin technology has provided the ways to earn easy money for people from the comfort of their homes with even little investment.

BartS

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Quote from: TIDOVEE on January 11, 2018, 02:37:39 AM

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.

Bitcoin will allow some people to survive in better condition than if it did not existed but unfortunately not everyone can get access to bitcoin or its benefits, this is happening in countries like Venezuela that are in a severe economic and political crisis and some are using bitcoin to survive those awful conditions, the problem is that governments see this and they do not like it, it seems they prefer to see their country fully destroyed by their actions than to see some people prosper using a different currency.

@prashant

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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.

DMCR lah

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CNBC, Wall Street Journal, Bloomberg, BusinessWeek and Business Insider report on bitcoin problems caused by technical problems with Mt. gox. Furthermore, outlets like the LA Times rushed to seek advice from bitcoin vocal critics such as Mark Williams, who issued the following statement at the New York State Department of Financial Services BitLicense panel: "Bitcoin still needs some further research in the laboratory until it meets the required basic standards to become a profitable currency transaction ".

MonaLeeTracy

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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.

yes indeed the country must legalize bitcoin first, the new country can be helped by the bitcoin, let alone the country that has problems in the economy, it can be helped by the bitcoin.

jovs

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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

As we are understanding the full potentiality of bitcoin. All the possible benefits and help it could provide for a struggling economy is getting clearer and more evident. For individuals who have deep knowledge about bitcoin and cryptocurrency, the possibility of personal success is so high. Imagine the contribution they are bringing to national economy when using their earnings from bitcoin in buying things inclusive of tax? They are letting extra revenues come in to the country because of their bitcoin earnings.

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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.

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Quote from: ngano ba on May 29, 2018, 05:26:24 AM

As been said by the bitcoin management bitcoin can help people who have financial problems, so in this situations bitcoin can help or be usefull in troubled economy , In order to be with bitcoin ,people are required to have mobile cellular phone and connect to internet if there is signal and join the global economy and bitcoin to start with bitcoin activities, and wait for your profits, by this way it can help a certain economy.

Yeah and anyway.. it still being in the midst of considerations between supporting it or not I guess in most of the governments. Peoples will following the technologies developments that are proven profitable if indeed the government of the country could respond well on it until it's not opposed, and more support it.

ngano ba

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As been said by the bitcoin management bitcoin can help people who have financial problems, so in this situations bitcoin can help or be usefull in troubled economy , In order to be with bitcoin ,people are required to have mobile cellular phone and connect to internet if there is signal and join the global economy and bitcoin to start with bitcoin activities, and wait for your profits, by this way it can help a certain economy.

developer101dev

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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

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.

fcf1081

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if this is true..then its good news for those whose economy is struggling to survive and in the midst of crisis, just hoping that by adapting or embracing this kind of system or technology they maybe able to help those people to assist in them to find ways to surpass those crisis or perhaps create their own coin which way is possible.

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Yeah, bitcoin could be a good help to stabilize the troubled economy as the people can find some funds in doing some bounties or investing in crypto. Then, from their earnings they can have money to buy for their personal needs. With this the cash flow of the community will grow and this will create chain reactions to all business as money will flow regularly.

Cordenne

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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/

d0flaming0

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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.

andika2018

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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 do believe that bitcoin is good system to change our economy system right now. Right now, our economy controlled by bankers and central banks that always print the money for their own purpose and make inflation getting higher

Betwrong

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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.

TheAncient

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Agree! With the highest advantage of crypto currency performance, I this this will become one of the asset of crypto to help the economy system of a country.

elkafee79

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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 think It is possible. Bitcoin can be useful for a troubled economy. Bitcoin and other altcoins is very useful to countries with troubled economy most especially on 3rd world countries where means and outlet of money is rare. Bitcoin can be useful to improve their financial, give them income from trading or join bounty.

Seeker#9

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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.

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