Bitcoin can be useful for a troubled economy - page 37.

alfs75

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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

Will mostly all analyst about the economy have know the status of what is the best alternatives about the unstaible economic growth of the country,thats why these three analyst of have there own vision about the cryptocurrency investment,thats this is the best alternate of trouble dying economy and they are right of there speculation that crypto or capitalism is the answer of all these adversity in economy.

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Quote from: Mhd-Bobbi on May 24, 2018, 01:47:29 PM

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

You are right. bitcoin is an economic source for society. bitcoin also includes work. and bitcoin can also reduce poverty. for those who join and work to produce bitcoin will reduce the risk of poverty in their country. because bitcoin is a source of income that people can enjoy. this is also the work I do every day to give life to the family. I hope that bitcoin lasts longer.

Yes that can be true but if you look at the current scenario, we do exactly against what we talk about. Almost all the troubled economies have banned Bitcoin and are of the views that it will further damage the economy and thus do not allow the masses to use it. On the other hand, people see the benefits they can reap using the technology and hope for the time the government legalize it.

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This problem seems to be correct. Least-developed countries are often strong in crypto money. As recently as venezuela also developed the nation's crypto money

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The troubled economy of Zimbabwe resorted to bitcoin when the country ran into shortage of hard currency, Zimbabwe economy deteriorated due to economic sanctions imposed on them by developed countries thus causes hyperinflation however their citizens adopted bitcoin as a way out of the harsh economy and successfully utilized the opportunities of using bitcoin for their transactions.

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When a country face up economy crysis. Then monetarily is also encountered a problem. There is inflation. the good prices rise. The Public purcashing power is reduced. The exchange rate of the currency decreases. The economic community is difficult. When all those case happen so the government of a country must search alternative solution. And I think the country must try Bitcoin as a new currency system. And I think Bitcoin can be one of solution

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Quote from: Vinalians on May 24, 2018, 12:08:45 PM

Yes an alternative currency can be use in troubled economy especially when they are having a slow development and slow payments what I mean if they are not good at paying personally they can use online transactions to pay bills or something they want especially now that some stores can buy online.

But we are not yet ready to use crypto currencies in day to daylife because if something has volatility then it can't be used as a currency so we need to have stable currency to use it.

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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

No, I am not sure. Bitcoin can be useful for a trouble economy. I think, Bitcoin can be useful for financial of person. They can get alot income from trading or investing, also join bounty campaign.

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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

You are right. bitcoin is an economic source for society. bitcoin also includes work. and bitcoin can also reduce poverty. for those who join and work to produce bitcoin will reduce the risk of poverty in their country. because bitcoin is a source of income that people can enjoy. this is also the work I do every day to give life to the family. I hope that bitcoin lasts longer.

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Quote from: tambok on May 24, 2018, 01:06:54 PM

There is already speculation about it from the experts that one trouble economy or a country will try to seek help in crypto world and they will become succeed, and there is no doubt that it won't happen, there is a chance that it will, let us see in the future.

Speculation who made by some experts, especially the people who are experts on the economy should be considered by the government that have banned cryptocurrency. The government when deciding a problem should look at two different sides, between the negative side and the positive side that inflicted. Negative side will appear but positive side will give more advantage if cryptocurrency can be used by every payment system, source of income, the society can use cryptocurrency as a investment place to avoid like inflation, this is very important for considered.

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There is already speculation about it from the experts that one trouble economy or a country will try to seek help in crypto world and they will become succeed, and there is no doubt that it won't happen, there is a chance that it will, let us see in the future.

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Quote from: EnricoGomez on May 24, 2018, 10:59:46 AM

Yes, I do agree that bitcoin may somehow, in a way help improve the a troubled economy.
It can be a source of money by investments, trading, gambling, mining, bounties and etc. which can reduce unemployment rate of the social unit. It "takes in" money which in the indefinite long run can deflate the value of fiat, take in the considerations of describing it as foreign workers that import money supply - definitely better than printing more paper money trying to feel rich or loaning big sum from other countries without an exact assurance to pay for it as change in economy may not even happen.

Agree, it may reduce the number of poverty in the country's economy, since bitcoin give opportunity to all types of people, you can invest and trade whether you're rich or not that rich. It can improve the circulation of money, because bitcoin is a site of trading, investing and etc... It can also reduce crime, he's right, instead of printing fake money, or robbing, they can earn without doing some crime, crime is one of the reason why some countries don't improve.

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Yes an alternative currency can be use in troubled economy especially when they are having a slow development and slow payments what I mean if they are not good at paying personally they can use online transactions to pay bills or something they want especially now that some stores can buy online.

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Yes, I do agree that bitcoin may somehow, in a way help improve the a troubled economy.
It can be a source of money by investments, trading, gambling, mining, bounties and etc. which can reduce unemployment rate of the social unit. It "takes in" money which in the indefinite long run can deflate the value of fiat, take in the considerations of describing it as foreign workers that import money supply - definitely better than printing more paper money trying to feel rich or loaning big sum from other countries without an exact assurance to pay for it as change in economy may not even happen.

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Quote from: mornabo on May 23, 2018, 08:40:41 PM

Quote from: sulendra12 on May 22, 2018, 12:09:31 PM

Quote from: the13thsymphony on May 22, 2018, 11:57:59 AM

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country.

No, you can't make country become better with Bitcoin. Since there is a fiat currency that has been discussed on certain country as their national currency and also it helps to maintain between demand and supply. If those countries (especially 3rd world country) already poor and someone established Bitcoin, those countries would become more poor cuz Bitcoin can't make the economy better.

Yeah you're right we still have fiat as a legitimate and acceptable currency anywhere, one of the reasons why many people say bitcoin can change the economy because bitcoin is a profitable investment? but that does not mean it can benefit to everyone in a country right? because there is always a risk in bitcoin investment, of course there will be loss they will get

But i think investing in bitcoin can be studied to avoid such losses that will make a person even poorer.With your own experience in bitcoin investment,it will make you wiser and skilled in the next rounds.With this,if all people learn to make use of bitcoin properly and learn to gain profit from it,then maybe it will be a good answer for a troubled economy.

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Quote from: sulendra12 on May 22, 2018, 12:09:31 PM

Quote from: the13thsymphony on May 22, 2018, 11:57:59 AM

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country.

No, you can't make country become better with Bitcoin. Since there is a fiat currency that has been discussed on certain country as their national currency and also it helps to maintain between demand and supply. If those countries (especially 3rd world country) already poor and someone established Bitcoin, those countries would become more poor cuz Bitcoin can't make the economy better.

Yeah you're right we still have fiat as a legitimate and acceptable currency anywhere, one of the reasons why many people say bitcoin can change the economy because bitcoin is a profitable investment? but that does not mean it can benefit to everyone in a country right? because there is always a risk in bitcoin investment, of course there will be loss they will get

MIZANUR5033

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I believe the only bitcoin can be helpful to this troubled economy. If we can utilize the uses of bitcoin that will be very progressive. We can make different using bitcoin. Even it can change the life, only because of some barrier we can’t move fast and that’s why bitcoin cannot affect the economy. The first barrier does not accept the government.

As a result of the ban by the government, people also feared to take it profitable. If the Government allow to use as an alternative currency or just allow to doing the task than the demand of bitcoin will increase.
For the increase of demand, Bitcoin affected by the demand and price will increase automatically than Bitcoin will be able to help the troubled economy.

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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

That is just common sense, of course bitcoin can help people that have a lot of trouble in those countries, the problem is that governments in such countries have a tendency to ban bitcoin or at least to try to regulate heavily, for example in countries like Venezuela and even Zimbabwe this has happened already.

Sum24

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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 .

Yes it is the great thing to make the economy well and good because bitcoin is now providing a lot of job opportunities to all those people who have no job right now but they are trying to get job so using bitcoin to almost 100% of unemployment has been reduced and people are now really happy with the progress of the economical system which is being done with help of bitcoin, so our economy is out of danger only because of bitcoin.

Stephen1989

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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.

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Quote from: amber deposit on May 22, 2018, 10:55:43 AM

No one would agree to replace national currencies with cryptocurrencies. Then States will not be able to print money uncontrollably. Now Central banks print money as they want, and this partly leads to problems in the economy.

But if a poor economy, in my opinion, if they want to raise capital to upgrade the national economy through the ICO program is great. But it is compulsory for people to KYC when buying national tokens. It will be clearer. So, if a country accepts cryptanalysis, it will have more advantages.

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