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Topic: Bitcoin can be useful for a troubled economy - page 7. (Read 33157 times)

sr. member
Activity: 1274
Merit: 261
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I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.

   With legalized crypto currency people will raise their incomes and basically will have more money to spend.
In such terms the most of those extra money will be spent inside the country and raise it.
   Also taxation. If it managed right way it will also bring money to the government, which may be spender for making better of citizens' environment.
sr. member
Activity: 1056
Merit: 251
I doubt that the cryptocurrency did not affect the economy in the country where it is being legalized.  Because I believe that the cryptocurrency will help but it will be very difficult and not familiar.
jr. member
Activity: 206
Merit: 2
It’s hard to say how helpful it will be for the future but it’s obviously simple to know that it’s hugely popular at present. If we just go by the Bitcoin History, it shows that it always has being unstable and that is one major reason why big players are still hesitant to join in it. If the stability comes in then we will absolutely move towards getting the much needed comfort and easiness. It is just impossible without it.
copper member
Activity: 546
Merit: 1
in a country where people are starting to know about crypto technology, they all flock to get the name bitcoin and get lots of money from there, developing countries are more easily gotten the attention of troubled countries because they can freely monopolize if someone has a lot of funds in it developed countries have now applied the payment but for troubled countries it will take a lot of time to examine crypto in general
hero member
Activity: 1148
Merit: 504
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 
Not only Venezuela but also a lot of country who will be benefited for the crypto. And from bitcointalk indonesian, indian. philipines, bangladeshi and many more countries are getting a good income. So they are getting benefit by the crypto.

Economy can benefit if you stop government to stealing money. Open source means they will not be able to hide their mistakes, bribes, to make it simple they will not be able to deceive people, like they are doing now. Venezuela is in the big financial crisis, in Indonesia, India and other countries you mentioned there are many poor people who live on the edge of existence, it`s normal that in this countries people seek for faster changes.
And changes are coming for all of us, no matter where we live.
Agree, I think the economy of a country and their society is also influenced by who is in government, as hard as you work, if the government is controlled by criminals, of course its policy will never benefit to the community, a lot of corruption, the economy is destroyed, imports are weak, the rate currency is destroyed, then what you work in bitcoin will be useless, because your daily needs will be very expensive if you have a government control by amateur
hero member
Activity: 1134
Merit: 517
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 

I saw people from this country which carry their cash in large bags!! It happens because not they have too much - simply their national currency costs almost nothing. Bitcoin will help them greatly, sure.
Bitcoin will help not only for Venezuela but also for other countries significantly who is support in bitcoin. All people will get the benefit of bitcoin who is investing on bitcoin.
full member
Activity: 630
Merit: 100
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 

I saw people from this country which carry their cash in large bags!! It happens because not they have too much - simply their national currency costs almost nothing. Bitcoin will help them greatly, sure.
legendary
Activity: 2492
Merit: 1001
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Bitcoin has always been good for any collapsing economy, mainly venezuela, and argentina, or devalued currencies, where simply buying the bitcoin you have a more secure value reserve and you can exchange for any fiat currency globally by paying a low rate and not having costs to save!
well, it's just that most people don't know the true benefits of bitcoin. I'm sure Bitcoin is able to be used as a tool to solve economic problems. well, with the right strategy, it can make many unemployed more productive, so that this can make a country's economy better.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
Bitcoin has always been good for any collapsing economy, mainly venezuela, and argentina, or devalued currencies, where simply buying the bitcoin you have a more secure value reserve and you can exchange for any fiat currency globally by paying a low rate and not having costs to save!
In recent days Venezuela is the one that suffered an economic collapse and with its own cryptocurrency backed by oil regained the stability in the economic growth. This gained a lot of attention from the common people who are new to cryptocurrency, and the government could've organized in a much better way, because even in that some issues arise stating the failure of the government.
hero member
Activity: 1085
Merit: 500
hi =D
Bitcoin has always been good for any collapsing economy, mainly venezuela, and argentina, or devalued currencies, where simply buying the bitcoin you have a more secure value reserve and you can exchange for any fiat currency globally by paying a low rate and not having costs to save!
sr. member
Activity: 1666
Merit: 276
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Countries that have been experiencing a big collapse in the economy can prefer the bitcoin to overcome such collisions. Though governments around has got difference of opinion about the adoption of bitcoin as well other digital currencies very few make it come true. Till date no government have experienced a fall on bitcoin adoption as well some countries were suggested for an adoption to overcome economic problems, one of which is Zimbabwe.
legendary
Activity: 1218
Merit: 1000
As we all know that global economy isn't in a good health at present. Recently, we saw treasury yield curve getting inverted. Last time it happened, we saw 2008 crisis in an year. People are expecting same this time as well. But this time we have cryptos which are pretty much unrelated to the financial instruments. People can jump in cryptos in case of global meltdown. So yes, cryptos can be alternative in case of troubled economy.
I think this really really helps economic problems. however, some parties see that this can also worsen the economy. but, I myself feel that, using bitcoin well, and correctly, can help economic problems. therefore, several major countries support this development.
hero member
Activity: 1078
Merit: 507
As we all know that global economy isn't in a good health at present. Recently, we saw treasury yield curve getting inverted. Last time it happened, we saw 2008 crisis in an year. People are expecting same this time as well. But this time we have cryptos which are pretty much unrelated to the financial instruments. People can jump in cryptos in case of global meltdown. So yes, cryptos can be alternative in case of troubled economy.
legendary
Activity: 3248
Merit: 1179
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 
Not only Venezuela but also a lot of country who will be benefited for the crypto. And from bitcointalk indonesian, indian. philipines, bangladeshi and many more countries are getting a good income. So they are getting benefit by the crypto.

Economy can benefit if you stop government to stealing money. Open source means they will not be able to hide their mistakes, bribes, to make it simple they will not be able to deceive people, like they are doing now. Venezuela is in the big financial crisis, in Indonesia, India and other countries you mentioned there are many poor people who live on the edge of existence, it`s normal that in this countries people seek for faster changes.
And changes are coming for all of us, no matter where we live.
hero member
Activity: 1134
Merit: 517
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 
Not only Venezuela but also a lot of country who will be benefited for the crypto. And from bitcointalk indonesian, indian. philipines, bangladeshi and many more countries are getting a good income. So they are getting benefit by the crypto.
full member
Activity: 223
Merit: 111
Its clear that countries like Venezuela can greatly benefit from crypto.  Trusting government in those types of countries is out the window with their ridiculous money printing habits. 
member
Activity: 546
Merit: 32
The first and foremost thing that I haven't think ok about the the benefits of but kind was it will be helpful for the difficulties in the economy to be solved and the abilities also that for cryptocurrency to get the position to normal and I think it will definitely used in troubled situation.
member
Activity: 459
Merit: 10
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


it is not only good in the face of payment, it also helps a country to reduce inflation. in Venezuela there is a huge inflation and people have used their money to buy many BTC and coins to hold. because the supply is limited and therefore they will not have a nightmare called "inflation" anymore.
hero member
Activity: 1190
Merit: 500
I also think bitcoin can be a life changer and can also help economy on a country, let say a lot of people from a country have bitcoin and when the bitcoin grow they sell it and get fiat money and buy things with, then they help economy.
from that fact we know that crypto gives users the opportunity to profit and get rich. many people who get jobs in crypto and are free from unemployment, crypto is much more helpful for solving the economic problems of its users
hero member
Activity: 1414
Merit: 516
I also think bitcoin can be a life changer and can also help economy on a country, let say a lot of people from a country have bitcoin and when the bitcoin grow they sell it and get fiat money and buy things with, then they help economy.
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