Bitcoin can be useful for a troubled economy

[Justinalex]

of course bitcoin is very useful for people who berekonominya problem, when the person loses his job, bitcoin is perfect for the livelihood of people who do not have jobs,

[osh5]

I agree with the thought that Bitcoin can be useful in countries having troubled economy and less cash flow for any sort of trading or investment. Bitcoin can rescue people from such situation and can act as a support system for banks too by providing various opportunities to people to take keen interest in investment or trading.

[Kaniel-ouots]

not really bitcoin price its all demend on demande so if there is no buyer bitcoin will not worth a cent thats how its work with bitcoin

[HyltonJune]

I think this is half the possibility. If that country has economic difficulties but bitcoin development in a certain way they will develop but if the wrong time will be more crisis.

[amber deposit]

No one would agree to replace national currencies with cryptocurrencies. Then States will not be able to print money uncontrollably. Now Central banks print money as they want, and this partly leads to problems in the economy.

[TooDumbForBitcoin]

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

I guarantee this statement is pretty true . Butcoin is useful for a troubled economy because it will help the economy have a bigger money and have a bigger savings .

Maybe BTC is really useful as the patch-up but it isn't a solution for poor economy structure and development. Cryptoassets is for the next new digital ecosystem and not for third world countries economy healing.

[Tan_avia)vl.]

Of course, this is a real way out for many countries! The main thing to visit was problems with electricity and everything-it's done. I fully agree with analysts, because many countries specifically to visit give to develop, and s. Cryptocurrency they visit disconnected from anyone to depend.

[the13thsymphony]

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country. The problem here lies in the acceptance of the government in cryptocurrency as there are still many countries that are rejecting it. Also another problem in some countries is the regulation of it as many corrupt government officials would want to monopolize it.

[Rossy Akbar]

Well I mean that's why'd bitcoin was exist tho, is not just for individual economy's but for the country to be exact,  but I don't know what exactly the reason why some country has banned bitcoin. It does bitcoin was really unoredictable and so risky, there are to many crime on it but we can avoid that tho, and I'm pretty sure that mostly bitcoiners doesn't look for a crime.

[sulendra12]

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country.

No, you can't make country become better with Bitcoin. Since there is a fiat currency that has been discussed on certain country as their national currency and also it helps to maintain between demand and supply. If those countries (especially 3rd world country) already poor and someone established Bitcoin, those countries would become more poor cuz Bitcoin can't make the economy better.

[blockman]

No one would agree to replace national currencies with cryptocurrencies.

Before everyone talks about it but now you'll rarely see a real coiner believes that it will replace national currencies.

Now Central banks print money as they want, and this partly leads to problems in the economy.

It will cause inflation if a Central Bank does print money as they want. If that country doesn't care about their economy then they will their central bank print money. That's why having a limit of the money they print is important.

[mrtryonebiggums]

It can be useful but then again if you have a corrupt government like Venezuela offering a crypto called Petro then Bitcoin could in theory cause more trouble more an economy. I think the header should be changed to "Bitcoin can be useful for a non dictatorship like run economy". Again I find it weird that the Parliament in Venezuela can say the Petro is illegal, yet it will still launch. I don't know how much more corrupt a country can get.

[baconlike]

No one would agree to replace national currencies with cryptocurrencies. Then States will not be able to print money uncontrollably. Now Central banks print money as they want, and this partly leads to problems in the economy.

But if a poor economy, in my opinion, if they want to raise capital to upgrade the national economy through the ICO program is great. But it is compulsory for people to KYC when buying national tokens. It will be clearer. So, if a country accepts cryptanalysis, it will have more advantages.

[Stephen1989]

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.

[Sum24]

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

I guarantee this statement is pretty true . Butcoin is useful for a troubled economy because it will help the economy have a bigger money and have a bigger savings .

Yes it is the great thing to make the economy well and good because bitcoin is now providing a lot of job opportunities to all those people who have no job right now but they are trying to get job so using bitcoin to almost 100% of unemployment has been reduced and people are now really happy with the progress of the economical system which is being done with help of bitcoin, so our economy is out of danger only because of bitcoin.

[Barbarian]

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 just common sense, of course bitcoin can help people that have a lot of trouble in those countries, the problem is that governments in such countries have a tendency to ban bitcoin or at least to try to regulate heavily, for example in countries like Venezuela and even Zimbabwe this has happened already.

[MIZANUR5033]

I believe the only bitcoin can be helpful to this troubled economy. If we can utilize the uses of bitcoin that will be very progressive.  We can make different using bitcoin. Even it can change the life, only because of some barrier we can’t move fast and that’s why bitcoin cannot affect the economy. The first barrier does not accept the government.

As a result of the ban by the government, people also feared to take it profitable. If the Government allow to use as an alternative currency or just allow to doing the task than the demand of bitcoin will increase.
For the increase of demand, Bitcoin affected by the demand and price will increase automatically than Bitcoin will be able to help the troubled economy.

[mornabo]

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country.

No, you can't make country become better with Bitcoin. Since there is a fiat currency that has been discussed on certain country as their national currency and also it helps to maintain between demand and supply. If those countries (especially 3rd world country) already poor and someone established Bitcoin, those countries would become more poor cuz Bitcoin can't make the economy better.

Yeah you're right we still have fiat as a legitimate and acceptable currency anywhere, one of the reasons why  many people say bitcoin can change the economy because bitcoin is a profitable investment? but that does not mean it can benefit to everyone in a country right? because there is always a risk in bitcoin investment, of course there will be loss they will get

[Finestream]

With the right intention along with implementation then I would say that cryptocurrency can be useful in the economy of a country.

No, you can't make country become better with Bitcoin. Since there is a fiat currency that has been discussed on certain country as their national currency and also it helps to maintain between demand and supply. If those countries (especially 3rd world country) already poor and someone established Bitcoin, those countries would become more poor cuz Bitcoin can't make the economy better.

Yeah you're right we still have fiat as a legitimate and acceptable currency anywhere, one of the reasons why  many people say bitcoin can change the economy because bitcoin is a profitable investment? but that does not mean it can benefit to everyone in a country right? because there is always a risk in bitcoin investment, of course there will be loss they will get

But i think investing in bitcoin can be studied to avoid such losses that will make a person even poorer.With your own experience in bitcoin investment,it will make you wiser and skilled in the next rounds.With this,if all people learn to make use of bitcoin properly  and learn to gain profit from it,then maybe it will be a good answer for a troubled economy.

[EnricoGomez]

Yes, I do agree that bitcoin may somehow, in a way help improve the a troubled economy.
It can be a source of money by investments, trading, gambling, mining, bounties and etc. which can reduce unemployment rate of the social unit. It "takes in" money which in the indefinite long run can deflate the value of fiat, take in the considerations of describing it as foreign workers that import money supply - definitely better than printing more paper money trying to feel rich or loaning  big sum from other countries without an exact assurance to pay for it as change in economy may not even happen.