Yes .. Bitcoin greatly helps the weak economy.
So for a person like me bitcoin is very meaningful can also help my economy because I belong to the weak economic category.
Now we tend to think of the future. Whether our future succeeds or not is what has become the mainstream of righteous thinking is hard to come by.
This makes the whole world people lack the basic necessities.
It really helps if bitcoin exists, what else bitcoin can be directly used like cash without having to wait for bitcoin exchange into cash. This will make it easier for the people and definitely very helpful for the whole world.
Topic: Bitcoin can be useful for a troubled economy - page 39. (Read 33157 times)
indeed it depends on the country, really for the country that the national currency availability is less can be an alternative is the currency of this cryptocurrency, moreover bitcoin, but for countries with excess national currency, of course is not so needed other alternatives including cryptocurrency, I hope crypto currency is immediately realized into a currency that is recognized every country
Yes this is true, bitcoin helps the people of the countries with struggled economy especially the third world countries. I can say it can help the people of those countries in their financial needs, it can reduce the unemployment rate and make the people to earn money, also places accepting bitcoin increases means even more people come to know about bitcoin.
Yeah, True indeed. 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.
In reality its hard to say that bitcoin is very useful in our economy, yes its true bitcoin can help individually because we can sustained our daily financial needs. But, in our economy it depends on the leaders of one country and no one knows how bitcoin will last. We can save our own troubled economy, it can start from ourselves and if the citizens and all leaders are being united.
Of course bitcoin can actually be a driver of low-income society, can change everything and can survive the crisis of a country or people by storing or investing in bitcoin. it seems that in the future everyone will continue to experience bitcoin increases for the long term. Be second to none.
Absolutely, I do believe that bitcoin will be the biggest factor in fixing miserable economy. The benefit and opportunity that btc have is the one that is really needed in forming a fully development and arrangement of the economy. In my country, I think the one main problem in my economy is the unemployment status of the people. A large number of people that doesn't have a job and because of it their life will be miserable, but when the btc will truly adopt and implement to my country I think it could be fix it the unemployment status in my economy.
It's true Bitcoin can function as an alternative solution for the economy, even Bitcoin better than other aternatif because Bitcoin has volatile value that can be used by them especially those who understand with investment or trade business. But what we think sometimes isn't in the direction of what they think. Most of them refuse Bitcoin in a raw way.
It such us happiest news that bitcoin can be a way to help and solve economical problem in certain country. Because bitcoin provide much advantages, as other currencies, virtual currencies, it can be a tool for transactions, purchasing somethings, or such as investment. There are a lot of benefit in bitcoin, which can help people or certain countries with troubled economy.
Yes it can be a big help to a troubled economy, first it can help unemployed people to earn but lets consider first the ability of the people and their willingness to learn about crypto because we all know that it needs to have the materials like gadgets for you to be able to have access on crypto world. As long as people will cooperate and participate at first it is a big help for them and to the economy as well because they can now afford to buy what they need in their daily lives.
Bitcoin is a useful crypto currency for a troubled economy. Many countries are already regulating bitcoin and that makes them solve their economic crisis. As what we had seen some of the countries using bitcoin are also successful. Because all people who are investing in the bitcoin are successful too and it may affect the economy of a certain country.
A new report published by Goldman Sachs highlights how bitcoin and cryptocurrencies could serve as alternative forms of money in troubled economies.
The report, released Wednesday and written by Goldman strategists Zach Pandl and Charles Himmelberg, highlights that the U.S. dollar's usage by other nations means there is a demand for a store of value and medium of exchange that can be used across national borders, according to Bloomberg.
To that end, the dollar has done well - but it may not be the best currency in all cases.
The report, released Wednesday and written by Goldman strategists Zach Pandl and Charles Himmelberg, highlights that the U.S. dollar's usage by other nations means there is a demand for a store of value and medium of exchange that can be used across national borders, according to Bloomberg.
To that end, the dollar has done well - but it may not be the best currency in all cases.
Sure it is because once the spending power of people increases, they buy goods and products. Once these manufacturers and producers are forced to manufacture and produce more, they would need additional manpower and equipment to make good their supplies. Hence, there will be more active and passive subjects involved in the cycle causing the economic conditions of a country in full bloom. Otherwise stated, it is really important to increase the spending power of people because it will make the economic cycle move the way it should be. And in this sense, Bitcoin is really of use because it gives people additional income without the latter having to produce any goods or products in return. It is a win-win situation, if you get what I mean.
This only works if the price of bitcoin keeps rising , and you need some capital to start with. I think the fixed supply will be the most useful for country's with a troubled economy. because the government won't be able to print money.
This will keep inflation down by a lot , and this will increase buying power.
Sure it is because once the spending power of people increases, they buy goods and products. Once these manufacturers and producers are forced to manufacture and produce more, they would need additional manpower and equipment to make good their supplies. Hence, there will be more active and passive subjects involved in the cycle causing the economic conditions of a country in full bloom. Otherwise stated, it is really important to increase the spending power of people because it will make the economic cycle move the way it should be. And in this sense, Bitcoin is really of use because it gives people additional income without the latter having to produce any goods or products in return. It is a win-win situation, if you get what I mean.
It seems like I am the ony one who see that the statement from OP is wrong. At least partly.
It can be good for troubled economies to establish their own local cryptocurrency (that will be used only in that country excluding speculations). In this case it will prevent the country from printing new money and increasing inflation. That might be not the only example but I hope you got the point.
On the other side if the country will use BTC as a main currency then they will definetely face a deflation which will still kill the economy. Probably with the same speed as it happen with their fiat money. If it happen in poor countries it will drown them to the subsistence economy.
It can be good for troubled economies to establish their own local cryptocurrency (that will be used only in that country excluding speculations). In this case it will prevent the country from printing new money and increasing inflation. That might be not the only example but I hope you got the point.
On the other side if the country will use BTC as a main currency then they will definetely face a deflation which will still kill the economy. Probably with the same speed as it happen with their fiat money. If it happen in poor countries it will drown them to the subsistence economy.
I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however, it is just for temporary because bitcoin is volatile meaning if we depend on it the value of our money might change whether to pump or dump.
Yeah bitcoin will be very help full for the troubled economy and the best benefit of bitcoin in its good days is it will take your economy to hundred points above so all regions with economic crisis must use bitcoin,I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however, it is just for temporary because bitcoin is volatile meaning if we depend on it the value of our money might change whether to pump or dump.
Yeah bitcoin will be very help full for the troubled economy and the best benefit of bitcoin in its good days is it will take your economy to hundred points above so all regions with economic crisis must use bitcoin, 
It can also be a safe haven for people under a country with hyper-inflation. Bitcoin is volatile, yes, but it is a lot better than deteriorating the buying power of your assets.
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 true it just depend how people just treat it and how people are accused to it, cause goverments could just tax it in that way that people won't have bad attitiude and country will repair financial status. 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 it can be helpful for everyone especially at times were money is the problem. It's always the problem for most of the citizens.Bitcoin can help them earn additional money for their basic needs.
Of course it could be useful for a troubled economy, if you know what is bitcoin ?, how to get it ?, And how to get started ?, The most important in is that we need Global Support for Bitcoin so there is no more such thing as a economic gap.
In order to contribute to all the people who want to change the economic gap, So that's why we already know that bitcoin can be beneficial for a troubled economy, we can provide the required information to the people.
In order to contribute to all the people who want to change the economic gap, So that's why we already know that bitcoin can be beneficial for a troubled economy, we can provide the required information to the people.
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