Why is the world economy is sliding down? And how bitcoin may help it? - page 2.

Valhalaa

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Quote from: microbb8 on March 20, 2019, 01:01:11 AM

Bitcoin should not help the global economy. Bitcoin should help people get out of the iron grip of banks.

bitcoin has not had too much influence on the macro economy as far as I know because it is still very low circulation circulating in the world market
so only a little effect maybe for personal it might be helpful but if it is for macroeconomics it is not very helpful so don't worry too much if bitcoin doesn't have much effect

alyssa85

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Quote from: Izalcomax on March 25, 2018, 03:27:39 AM

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 world economy slowing has to do with reduced consumption in Europe and Asia. Part of that is down to the high unemployment in those areas.

Part of it is down to the traditional consumers not buying much and saving instead: Brits are saving to prepare for Brexit and Americans are saving due to being overburderned with debt. Everywhere that relied on these places to overspend are now struggling.

IMO changing currency to bitcoin won't make a smidgen of difference. What needs to happen is Europe and Asia become confident and start to spend a little more on restaurants and the small luxuries that make up the modern economy.

shesheboy

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Quote from: markdario112616 on March 20, 2019, 02:51:15 PM

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.

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Hence, I don't see the part where Bitcoin could help it

Bitcoin can help because it provides income and good service .

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Let's take the fact that Bitcoin is not legally accepted worldwide.

Nowadays , most countries are now accepting/legalizing bitcoins . how much more in the future ? Others will also follow the trend or else they will left behind

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Bitcoin don't give an actual job,

yes but alot of jobs have opened up just because of bitcoin . this why people mistaken bitcoin as a job or a job provider .

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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.

Do you forget that bitcoin is also a currency ? But even if bitcoin is also an investment , not all who can afford it can only have the chance to have it because even poor individuals that do not have a capital can also get their hands on bitcoin via working online .

markdario112616

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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.

dat.ho12492

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Quote from: daarul50 on March 16, 2019, 03:23:14 PM

I don't know exactly the technicality of bitcoin helping the economy globally, but I have felt for myself how economic changes when I use bitcoin, are far more efficient in terms of making a transaction. Maybe some people or parties propose that bitcoin will be a threat to the global economy, I say that is true if various parties related to the world finances cannot cooperate with the development of bitcoin.

Improving the economics of individuals is the most obvious effect when we use bitcoin and crypto because this market as a stock market, we can take advantage of fluctuations to make money, in addition, we also have some activities to make money without investing money, what we need to invest is time. But after all, we can realize that bitcoin cannot help the global economy when it is not the lord of the world, law and government cannot control it and of course, it cannot control the government and the law, that makes it impossible to affect the global economy

microbb8

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Bitcoin should not help the global economy. Bitcoin should help people get out of the iron grip of banks.

LUCKMCFLY

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It is complicated, because the bitcoin has a value, many people see it in dollars, ejm: The Bitcoin is at $ 3800, now, if there is a global decline of the economy where the dollar, the euro and the major currencies of the world fall. Obviously bitcoin by direct action, will be worth much more than $ 3800.

Maybe it is a scenario that very few consider, but it is very possible that it happens, if this is the case, it would be establishing a slightly more active bitcoin market, since there are 21M of bitcoins, and there are many lost bitcoins, which, the intrinsic value of bitcoin that any fundamental analyst would study, can conclude that the value would continue to increase.

According to these considerations, the way in which it can help the world economy is that it is already commercialized with bitcoins, since it offers security, speed and is an incorruptible technology. In addition, transactions can be traced through blockchain.

The only weakness is that it is a totally digital technology, that is, if there is a global drop in Internet service, we will remain in the air, with a lot of money, but at the same time without money.(All this obeys my personal analysis with the knowledge that I have acquired so far.)

daarul50

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I don't know exactly the technicality of bitcoin helping the economy globally, but I have felt for myself how economic changes when I use bitcoin, are far more efficient in terms of making a transaction. Maybe some people or parties propose that bitcoin will be a threat to the global economy, I say that is true if various parties related to the world finances cannot cooperate with the development of bitcoin.

mornabo

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Quote from: ToyotaFortuner on February 13, 2019, 05:48:37 AM

Quote from: biskitop on February 13, 2019, 03:06:57 AM

I think bitcoin hasn't been able to help the economy grow. even today bitcoin does not have value for the economy, so where can bitcoin help? except if bitcoin can function for an item price, then bitcoin will be able to help because bitcoin will never be affected by dollar inflation.

not everything can make the economy grow with only bitcoin trading, only people who have money and understand how to trade bitcoin that can make their economy grow, if you don't have capital and don't have money then you can't grow your economy in bitcoin .

of course that can change the economic situation of individuals is their own, to change the econiomy of a country must be done by
many people in massively and in fact today not many people use crypto or bitcoin to improve their economy ?

whirlcoin

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Quote from: Izalcomax on March 25, 2018, 03:27:39 AM

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 ??

Bitcoin will not help the world economy to develop till the government legalizing it because there is no connection between the Bitcoin and the world economy so it could not help anything in any way to develop the word economic development.

gowobonyok

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maybe more keeping up to the exchange rate that is not too low against the USD and preventing the occurrence of hyper inflation, because bitcoin is not bound so that bitcoin can do that.

radjie

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Quote from: akram143 on February 13, 2019, 10:29:37 AM

Quote from: Izalcomax on March 25, 2018, 03:27:39 AM

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 ??

there is no connection between the world economy and the Bitcoin each and every currency has its own path so definitely Bitcoin will not help to improve the position of world economy or anything if the government accept it then some changes will happen otherwise till now Bitcoin is not the reason for developing the world economy.

there are some people who conclude the main purpose of Satoshi Nakamoto creating Bitcoin is to help overcome the problems of the world economy, because before Bitcoin was launched, the global economy experienced a very severe crisis, precisely the global crisis that occurred in 2007 before Bitcoin was launched. but because the legalization of bitcoin is very limited in every country, then bitcoin is not fully accepted by all countries. so that many bitcoin users concluded that bitcoin was able to help overcome the economy of the people, but not yet felt by everyone because there are still many who do not know modern technology in the form of this digital currency (Bitcoin)

idham29

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Quote from: biskitop on February 13, 2019, 03:06:57 AM

I think bitcoin hasn't been able to help the economy grow. even today bitcoin does not have value for the economy, so where can bitcoin help? except if bitcoin can function for an item price, then bitcoin will be able to help because bitcoin will never be affected by dollar inflation.

According to economists, bitcoin is more resistant to inflation than fiat currencies. Maybe for developing countries using bitcoin in their financial systems can ease the burden of the budget which often lacks because their currencies experience inflation. As a result, they print money again and increase the inflation value.

TRONTON

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Quote from: munareal on February 14, 2019, 06:12:16 AM

Capitalism is the economic system that is killing the economic thereby affecting the world economy at large. Bitcoin is the solution as power is given back to the user. No government, organization or group of people control it. Bitcoin and cryptocurrencies need to be accepted and adopted to make the world economy better but the government is scared that power will be taken away from them

Capitalism makes many countries very dependent on taxes and binding obligations, although many have adverse effects, but the wheels of the world economy run smoothly to this day. I think the same thing would be massive applied to cryptocurrencies, bitcoin will be weakened by many altcoins which will eventually run the same as Usdt in general

Xising

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Quote from: Izalcomax on March 25, 2018, 03:27:39 AM

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 ??

That may be the case, but it's not always true and accurate. It may be going down at some time, but it can also fast track and boost up at any given moment. That depends on many controlling factors, especially in the business, investment and trade sector, in general, between countries, especially those ones with aggressive economies like the US and China. If trade between these countries would not be active or if there are factors affecting the movement of trade like wars, it can surely effect how the world economy is doing. It can also be affected by power struggles between countries or government policies like embargoes. As for cryptocurrencies and Bitcoin, it can help by increasing the rate of how people transact a currency as it co-mingles with the traditional currency. The movement of assets it presents can be a booster to certain economies that allow it.

munareal

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Capitalism is the economic system that is killing the economic thereby affecting the world economy at large. Bitcoin is the solution as power is given back to the user. No government, organization or group of people control it. Bitcoin and cryptocurrencies need to be accepted and adopted to make the world economy better but the government is scared that power will be taken away from them

conected

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Quote from: Rooster101 on February 14, 2019, 12:05:19 AM

Some economists predicts that the global economy will slow down this year due to the recent trade wars of China and US but it is also expected to recover in the following once the conflict is settled. Another factor that might affect the global economy is the possible slow growth of China's economy this year. Bitcoin can't affect nor help the world economy because it s not yet widely used like the US dollar. If bitcoin become a currency of a global scale then it will going to hurt the whole economy once it suffer a crash again.

- Well, I also heard about the same thing because the trade conflicts are too much and that makes the world trade narrow, affecting the overall economy, although this may recover when this battle is over but the sad fact is that this trade war is showing many signs that will last, combined with political instability is beginning to rise, it has made the economy sliding down. Bitcoin really has no usefulness in this regard, it is still not legalized and even when legalized, its capacity is not enough to solve the global problem, even as you say, it can create more problems

iMark

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Quote from: astik1 on January 30, 2019, 08:28:00 AM

if the millionaires made from bitcoin invest in factories that provide job to people rather than buying lambo than somehow economy will find a new blood as money in circulation and will adopt a trend to rise.

Thats satire, I think that's a good idea, because the main problem with poverty is the lack of jobs, rich people are busy enriching themselves without making new jobs for many unemployed, but fortunately bitcoin is a little helpful because it gives jobs to many people

Rooster101

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Some economists predicts that the global economy will slow down this year due to the recent trade wars of China and US but it is also expected to recover in the following once the conflict is settled. Another factor that might affect the global economy is the possible slow growth of China's economy this year. Bitcoin can't affect nor help the world economy because it s not yet widely used like the US dollar. If bitcoin become a currency of a global scale then it will going to hurt the whole economy once it suffer a crash again.

rose9696

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Quote from: Izalcomax on March 25, 2018, 03:27:39 AM

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 think bitcoin is only a small part of the economic downturn. As you have seen, the stock market suffered a pre-war disadvantage between the US and China, after more than 3 weeks, the price of Bitcoin was lowered by more than 50%.
But I think the whales have expected the bitcoin plan and price to be reasonable now.
Our crypto market is still quite small to be able to affect a large world economy.

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