Topic: Why is the world economy is sliding down? And how bitcoin may help it? - page 10. (Read 1082 times)

I believe it's not possible to have stability all the time. There are always crisis times and people must be prepared to pass through these difficults decreasing the impact maximum as possible. What happens with centralized systems, is that governments do maximum as possible to decrease the impacts on short term, manipulating the economy, not letting it be natural, as it should. On long term it becomes a snowball, bringing the problem back in larger proportions.

There are many factors influencing the economies, and they are different in each area of the world.
If Bitcoin can help or not, I don't know, but those countries which have more access and investments dedicated to technology's sector are in better conditions to overcome the difficults and boost their local economies than other countries that are only importing technology from others.

Fiat money is not fair, governments can earn value only by print fiat money. The unlimited amount will makes  fiat money value goes down, but I don't say that bitcoin can solve this problem, the price of bitcoin it self is fluctuates everyday, sometime people get profit but sometime people loss money also. Bitcoin can help but it will not be instant, people should hold bitcoin in long term, it is always works. The safest way is hold gold instead of bitcoin. Bitcoin is to small to helpthe world economy.

Even a country where it looks like developed and well-maintained owe large debt in some countries for sure and because of the accumulating debt around the world where just small percentage are getting paid slowly the economy would surely slide down. Bitcoin may be able to help since bitcoin is generated through mining and bitcoin is also getting accepted by many countries as payment the cycle of market can be prevented from falling any further.

bitcoin has no responsibilities about the economy since this community stands private and non governmental,but every people involving this cryptocurrency can do something to help every countries in different form of actions..investing and participating here can give us income that can be the main source of our profiteering,so the regular work that might be reserve for us can be given to others so the unemployment rate will blessen if may not be stopped.so in that part we're simply helping the economy to grow little by little.if this is the perception of every individual here then the world will be heal

Why would adopting Bitcoin provide economic uncertainty? What is causing that is the use of fiat money that gets printed more and more everyday without the consent of the citizens of that country. It is despicable and Bitcoin is trying to undo the situation that fiat currency has put us in.

It can be the technology behind bitcoin that may help and support the world economy and not the bitcoin itself. One of the factors fpr a sloggissh economy is inflation, which is very well taken care of in the blockchain technology by capping the maximum number of different cryptocurrencies. This  way there wouldnt be infinte number of digital currencies, for example bitcoins. This will help and maintain a value off bitcoin which will be reasonable today and tomorow aswell.
Also the technology of blockchain is in itself very advanced, safe, and foolproof to a large extent. If this technology is used by different nations in converting their paper money to digital form then that can bring tracability of the currency, accountability of the holder, and transaprency in the whole system.

I think bitcoin can help the economy in the world but if all countries in the world have legalized bitcoin,for now I think bitcoin has not been able to help the country's economy around the world but helping individual economy besides legend in a country one must also have gadgets that will help them join on bitcoin,if they do not have a gadget how they can get to know and join on bitcoin that will help their economy...

Until the economies of the world crash bitcoin is going to be a threat that is not going to help the stability of the economies especially once it becomes big enough, right now it is very small compared to the size of the whole economy but we all know that will change and when that happens governments will try to take actions against it but by then it will be too late.

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I guess the main issue driving economic slowdown is lack of inherent growth. In past eras of american history, economic growth was as high as 10% in many years. Today the USA is lucky to reach 1% economic growth and in many years we experience economic contraction where our economy shrinks rather than growing. There is also a secondary issue whereby a good portion of what economists cite as representing economic growth are reflected by governments or banks adding increasingly high sums of debt to their own balance sheets. Most US economic "growth" comes from the financial or real estate sectors in recent times, which arguably may not reflect true growth.

Long story short, lack of economic growth coupled with stagnant wages for poor to middle class earners and cost of living growing at an incredibly fast rate all contribute towards imbalance which threatens to negatively affect stability. These circumstances contribute towards everything being overvalued and hints at likely price corrections and devaluation across the board.

Bitcoin could counteract these negative precedents by providing competition to banking and finance sectors. This increased competition provides incentive for banks to be more competitive which in turn fuels economic growth and results in a more efficient economy. Whatever value crypto currencies create also counteract our precedents of negative economic growth. There are also the jobs and money flooding into economies which are derived from crypto's market cap and growing industry.

You miss the point, dude.
what I said is something in abnormal circumstances. read the post I qouted. how would it be overprodution, if there are many unemployments. Jobs are not always meant to produce goods, it's also services etc.

According to me it is happening because we are not really good at our qualification we have knowledge but we are not using it at proper way, if we will use our internal power no banking and not other system will leave any effect on our economy, we need to be strong and financially indecent which is possible only by our own way of earning, today nothing is better than bitcoin, as it has given many opportunity to unemployed people to make money and to generate high amount of profit, bitcoin is helping our economy to be high again and to overcome the disaster given to us by banking socialization, bitcoin is better than this I think.

Bitcoin may not be the ace of hope for the entire economics to be at peak again due to some coins who can be the rival of the said coin, tons of cryptocurrency incoming from the future trying to surpass the predecessors and the pioneers of crypto or it will be further upgraded and developed due to some circumstances we may not know the exact thing but the important thing that all the cryptocurrency are carrying is the blockchain, this would definitely the innovation and the breakthrough of the future no need for rush, step by step the economics will go to the moon.

We are rising right now, in fact we are probably near our peak and headed for an inevitable recession. Boom and bust cycles are just that cyclic and they will always continue to happen. We busted in 08' have been booming since, and are en route another bust in the next 5 years.

If like the Lehman Brothers, other big banks had to file for bankruptcy and weren't provided a "bail out" by the Government, then there's going to be a high chance of another Depression where in few banks that the Government feels that it can bail out with people's hard earned tax money and pensions, it's going to put people into deeper trouble and mainly the lower middle class and the middle-class are the ones to be affected once again. If Bitcoin were to be used as a daily driver for peoples daily transactions and a large portion of an economy starts using it, it eliminates the "Big Banks" from being the sole dependants for circulation of money. Most banks would then start to act as middlemen for loaning cryptocurrencies of their own. Bitcoin would need to compete with Banks and the private cryptocurrencies that they create. It would also have to become that "daily driver" where an individual would find value in using Bitcoins over fiat currencies or crytocurrencies issued by banks. Education plays an important role here, people should know that Banks are here with us, only because we value their services and that we pay them for it. With Bitcoin no one would require a bank account, people would still need to get credit and debit cards for Bitcoin (until Bitcoin becomes a primary mode of payment). Until this phase is achieved, Bitcoin would be helping the economy only by a very neglegible percentage. Recently there were reports of Japan's GDP imporving by a certain percentage because of Bitcoins wealth effect.

Bitcoin has been observed as helpful to the Japanese economy by giving more people more income, and in turn, spurring their spending. More spending typically helps the economy. If such a simple and direct concept has been proven to work on a national level, I don't see why it wouldn't work on a global one. Much more people getting richer would be necessary to create an observable effect though, of course.

I have to say that it shouldn't really be expected to be capable to help the economy though. Bitcoin is just another currency, like the USD, and the USD isn't being expected to stop economic slides. Bitcoin just happens to be capable of creating wealth.

We are not yet there at the tipping point. The signs of an imminent crisis are there - easy money printed by countries across the world sloshing around, asset prices at unbelievable levels, central banks thinking about raising interest rates (which could pop the bubble). If we do get into a depression, I do not think cryptocurrencies will help. They may help people preserve the purchasing power of people's savings, but we may not go beyond that.

Bitcoin currently has no effect but in the long term may affect in the global economy.
It's like companies like Microsoft and Apple that have no value in the past and now can affect the economy.
Bitcoin suffers from some problems such as limited transactions, but after the implementation of solutions such as lightning network will be able to conduct global transactions and thus affect the economy.

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Why is the world economy is sliding down?
Because of the centralization, any collapse of any bank leads to an intercontinental disaster

Bitcoin is a big help to the economy. Especially when there are big investors investing in here. There will be lots of campaign jobs that will help many people especially the jobless. The more it will be known to the world, the more will it progress and the more will become rich. Thus, helping the economy.

The constant creation of new jobs leads to a crisis of overproduction. We are already producing goods more than we can buy. It seems to me that the mechanisms of self-destruction will be used in the production of consumer goods now. Nobody wants to buy new goods not yet broken the old one.

I assume that bitcoin can not improve the country's economy, where the country now does not take the bitcoin potential to benefit the country or its population advocated to adopt bitcoin, in fact much of the potential of bitcoin should benefit others. and without harming others is like destroying oneself.