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Topic: Why is the world economy is sliding down? And how bitcoin may help it? (Read 1117 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin is not a stable asset at the moment, and therefore it can not be called an attractive place to save savings during the crisis. Unless the overwhelming majority of large capitals decide on this.


But you are only thinking about how things are right now, during a crisis people traditionally choose their own currency as the main way to save their wealth but the next crisis will probably be related to the huge amounts of money governments are printing and their debts so those people are going to be destroyed, the rest will try to look for a way to protect themselves from that fate, precious metals are an obvious choice and the same can be said about any hard asset but I am sure bitcoin will become one of the favorite ways to store your wealth during the next crisis.
copper member
Activity: 546
Merit: 1
Bitcoin is not a stable asset at the moment, and therefore it can not be called an attractive place to save savings during the crisis. Unless the overwhelming majority of large capitals decide on this.


really bitcoin is indeed unstable but if the country owns this asset what is not news is an uproar
if a bitcoin arrives suddenly falls free even though the bitcoin funds are used as a reserve for the macro economy of a country how dangerous the country is because it can cause unmeasured losses if that happens then the country will be in danger of happening like that and the two countries will be their business collappse
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??

I've heard a lot about this, since they've always predicted that by 2018 and the end of 2019 there will be a massive global downfall in the economy, and of course, the only way you can protect yourself from something like this is to invest in Gold.

Gold represents security and economic confidence, giving enough stability to recover from any global market crash.

The participation of bitcoin to enter the market in the face of any catastrophe or global economic downturn, can help greatly, because bitcoin has a given value thanks to supply-demand, tel bitcoin has no intrinsic value, but if it has a value based on the number of operations and market capitalization, many operators will not only see bitcoin as a great option after gold, but as the best option with gold if the world market falls.

The fact of tner where sheltering the value of money in gold or in any currency where it does not lose its value is the ideal outlet for people who own large amounts of money, in fact the Rotschfield spent all their fortunes to gold foreseeing this world fall.
hero member
Activity: 784
Merit: 502
Bitcoin is not a stable asset at the moment, and therefore it can not be called an attractive place to save savings during the crisis. Unless the overwhelming majority of large capitals decide on this.


Bitcoin don't have stable value but it will not face inflation so incase of crisis due to inflation then we can use bitcoin as storage of value.

But still we don't face any major crisis after creation of bitcoin so we can find bitcoin will be useful or not at the time if we are into that situation.
sr. member
Activity: 1050
Merit: 377
Bitcoin is not a stable asset at the moment, and therefore it can not be called an attractive place to save savings during the crisis. Unless the overwhelming majority of large capitals decide on this.

full member
Activity: 644
Merit: 100
I do not see bitcoin helping the world economy but rather it can help an individual economy. Obviously, every country will not legalise bitcoin but the individual economy that adopts bitcoin can push in a huge investment when bitcoin is down to get some accruing profit from investment when price go up.  By such profit, the individual country can better her nation and her people by providing more social amenities, building projects, factories and employment.

Very well said. It seems to me that bitcoin can help us, in many ways but in economy of every country not sure as what said above bitcoin is not legal in many countries still theres a country rejecting bitcoin and as an individual economy we should know the proper use of it so even though out world economy did not accept it yet at least it can help us in our financial necessity.
hero member
Activity: 1190
Merit: 500
Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
How did you get to know that the world economy is falling and by the way what makes you think that it is bitcoin that can solve such a problem?I know that bitcoin can help us in some ways, but I don’t think it has anything to do with economy and I don’t think it can be a solution to whatever it is you have in mind. The only way bitcoin is of benefit is when it comes to things that has to do with transactions and that’s cause it eliminates middlemen, complicates regulations and enables more of international transactions.
Bitcoin is not the main solution to improve the world economy. bitcoin is only one of hundreds of ways that can be used to improve the economy of a country, so don't expect that bitcoin can change the condition of the world economy. it's too much, especially users who are still few
hero member
Activity: 952
Merit: 503
Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
How did you get to know that the world economy is falling and by the way what makes you think that it is bitcoin that can solve such a problem?I know that bitcoin can help us in some ways, but I don’t think it has anything to do with economy and I don’t think it can be a solution to whatever it is you have in mind. The only way bitcoin is of benefit is when it comes to things that has to do with transactions and that’s cause it eliminates middlemen, complicates regulations and enables more of international transactions.
hero member
Activity: 3052
Merit: 606
Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
In my opinion, bitcoin can unite the country's financial system regionally so that the financial turmoil that has hit the world has little impact on the financial transaction system in the country.
Bitcoin is a digital currency that functions as a payment tool in a peer to peer manner that simplifies and speeds up transactions. Besides that, using bitcoin is economically cheaper
Well this only applies to those countries who are now accepting bitcoin but in some countries who have not legalized bitcoin yet,it may not be a payment system but a good investment that gives a decent amount of profit to those individuals.Bitcoin might not help directly the world's economy but the economy of those individuals might surely make a good progress that will create good impact to the world's economy.
member
Activity: 546
Merit: 32
The development of the world economy is not based by the development of cryptocurrencies so it will not be helpful in anyway and my opinion is the currency will need the support from the economic situation of the world sorry could not be helpful in anyway.
full member
Activity: 1050
Merit: 100
Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
Millionaires (and billionaires) don't want the economy to start decreasing because that just devalues their assets. Sometimes, the really big players might buy assets during an economic dip because of the lowered value of everything, but most of the time a recession is not in the interest of anyone in any economy. Most of the time it's just the standard business cycle running, with the booms and busts being another pothole in the road for every investor and worker. Governments sometimes bring the economic bust early because of bad policies, but that's rarely the case. More often it's the banks who influence the economy at large. Take the central banks of each country for example; the interest rate they dictate means everything to investors and decreases in the interest rate means bad news.

Bitcoin is luckily free from that issue and maintains a relatively constant rate of inflation with a guaranteed cap on the total that can be mined. Much better option in my opinion.
I agree, but what is still my question is how to make the government believe in this big plan, because without them I think it will hamper the growth of BTC. from their policies, there will certainly be more people using it and evaluating it
copper member
Activity: 182
Merit: 18
Crypto.BI
Why: first of all because of massive debt. The world lives under 300 trillion dollars in debt. It's impossible to pay this debt even if 3 generations of Europeans and Americans and Chinese do nothing but pay debt.

Secondly, because as others mentioned, the system is broken. Free emission of money, QE, fractional reserve banking all are broken.

Thirdly because production cannot keep growing exponentially yet the debt-driven market requires exponential growth. So if corporations aren't growing year after year, compounded, the system breaks. This is insane.

So it's a combination of factors, in my opinion, that leads us to the inevitable next big crash. It might happen sooner or later, but it will happen.
member
Activity: 349
Merit: 10
Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
In my opinion, bitcoin can unite the country's financial system regionally so that the financial turmoil that has hit the world has little impact on the financial transaction system in the country.
Bitcoin is a digital currency that functions as a payment tool in a peer to peer manner that simplifies and speeds up transactions. Besides that, using bitcoin is economically cheaper
legendary
Activity: 1218
Merit: 1007
Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
Millionaires (and billionaires) don't want the economy to start decreasing because that just devalues their assets. Sometimes, the really big players might buy assets during an economic dip because of the lowered value of everything, but most of the time a recession is not in the interest of anyone in any economy. Most of the time it's just the standard business cycle running, with the booms and busts being another pothole in the road for every investor and worker. Governments sometimes bring the economic bust early because of bad policies, but that's rarely the case. More often it's the banks who influence the economy at large. Take the central banks of each country for example; the interest rate they dictate means everything to investors and decreases in the interest rate means bad news.

Bitcoin is luckily free from that issue and maintains a relatively constant rate of inflation with a guaranteed cap on the total that can be mined. Much better option in my opinion.
hero member
Activity: 1414
Merit: 516
Well i think the world economy goes down because when millionares people want to get more money somehow an economy is affected, and also some governments don't take good decision and this affect more the economy. Bitcoin can help i think because there is not unlimited supply and the inflation of bitcoin is small compared to fiat money.
member
Activity: 1204
Merit: 38
Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
the Bitcoin will not support any kind of way to develop the world economy as we all know that cryptocurrency is not been merged with anything but the possibilities will only came only the legalisation of the Bitcoin in the country this will helpful for changing the economic to a positive way.
jr. member
Activity: 378
Merit: 1
Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.
I think so, bitcoin does not play an important role in the world economy today. bitcoin only plays small parts in several communities in
the world and that is not enough to help a country avoid collapsing, the number of bitcoin users in a country is too small to affect a country
Indeed, bitcoin does not contribute or improve the economy world because this is not a feature and its role, its role is to bring a new technology to people and people who believe in this technology, they can pass bitcoin to achieve greater benefits. And the world economy is sliding down because of trade wars, and this issue can only change when the governments of the countries have a consensus and discussion with each other, bitcoin cannot participate in this issue when it is not welcomed by the government
full member
Activity: 1022
Merit: 106
Indeed, a new economic crisis is coming. It's now unprofitable to invest savings in real estate because of high taxes. Therefore, many world stars are investing in Bitcoin or a business built on cryptocurrency.
sr. member
Activity: 714
Merit: 250
Why is the world economy is sliding down, a bit reminder to  2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Actually it's because human always destroy this planet little by little. And the biggest factor is bank's lending money system. This system makes our economy crash. Bitcoin can help it by secure it's users from inflation. Bitcoin characteristics is almost the same as gold the difference is gold is physical and bitcoin is digital. But I am not sure that bitcoin can give any significant impact at this phase.
hero member
Activity: 1190
Merit: 500
Well a lot factors do affect the world economy. It's too many to mention actually. Hence, I don't see the part where Bitcoin could help it. Since, Let's take the fact that Bitcoin is not legally accepted worldwide. Bitcoin don't give an actual job, especially to those who don't even have access to the Internet. Hence, Bitcoin is an investment, An investment could only be an advantage or a help to those who can afford to maintain and continuously convert Bitcoin to asset.
I think so, bitcoin does not play an important role in the world economy today. bitcoin only plays small parts in several communities in
the world and that is not enough to help a country avoid collapsing, the number of bitcoin users in a country is too small to affect a country
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