Can Bitcoin Help with Economic Problems?

[kryptonick 2659]

I am sure this field of cryptocurrencies can help economies pass difficult times and help reduce porverty. It is not United States only that call bitcoin decentralized, it is everyone because bitcoin is decentralized and noone is the ceo of bitcoin or the person that makes the decision but all people that work on bitcoin decide together. It is maybe the best currency created until now and this is why the price is valued this high and can go a lot higher.

[Swapzone 174]

I'll be optimistic with this concept. At present, there are many countries where people use Bitcoin for many purposes. For example, People from Venezuela, Lebanon and some other countries are using Bitcoin for securing value as they're suffering from currency crisis.

[Aolugojo sama 60]

We realize that the monetary issues of any economy can be resolve by shared comprehension and strategies. So in like manner if any economy does great and monetary agreeable strategies worry to bitcoin and another altcoin then issues can be settled and the crypto world can assume a decent function in it

[seocrush123 11]

Bitcoin is too volatile. Sometimes I wonder if I would use Bitcoin for daily transaction, due to the high fee and volatility. And no, I disagree to the idea of Bitcoin is easy to help make money today, perhaps in the next 10 year or so. 

The other side is, government will not just sit back and do nothing for getting tax from cryptocurrencies transactions. I believe sooner there will be law for crypto tax.

[yato987 2811]

cryptocurrencies can help with economic problems because although almost all countries consider it as illegal doesn't mean they won't use it secretly if they can make profits from using it , and also it helps the people who don't earn much in normal jobs to get extra money that can help to serve their daily needs , that is how crypto is important and helpful eveb to countries economies

[Zafarwaheed 0]

 Most the digital currency and the exchange helps a lot in changing the life. Also the presence of the Bitcoin ha shown advance change in the technical side and also the government should apply taxes to stable the economy crisis. And with the amount the government work for the progress of the country.

[gbfisher 1815]

Well,  poverty and unemployment are the main hurdles of developing countries.  Most of the countries illegalize bitcoin, but i think with the help of bitcoin any goverment overcome on economic problems. Unemployment should be reduce because mostly peoples gets jobs with the help of bitcoin because it has a latest technology and then poverty ratio would be reduce. The whole infrastructure changed and the economy works very well and move towards developed country. Its require 1 or 2 decades but the citizen of those country will be happy. 

Edited September 22, 2020 by gbfisher

[Jaafar Fahad Hassan 114]

Bitcoin has been changing the world, it impact in the economy has been extraordinary superb , even countries that don't accept it still invest in it. It inpacted alot to those that understand the concept

[Yabuko 629]

Yes it can help and i will explain it in a simple way due to my knowledge , 

People with limited income will make profits from crypto, they will exchange it to fiat to buy things they need or hold aome to make a work project that will make them a good income monthly which is like investing , 

Same thing will be done by many people which will cause to reduce number of poor people in country and the market will be more active.

This will help the people and the country's economic problems at the same time

[percare 3192]

Bitcoin can perhaps help economies to reduce the problems they have but it is still very young and maybe it is considered like a stock more and as an asset to trade. But it has a good purposes that some countries tried to replicate as Venezuela with petro. But if they use Bitcoin instead it will be very easier for them as the Petro cannot be used for trading with other counties. Bitcoin can be used for that.

[annayks 2314]

Yes of course it can help as a government can buy Bitcoin to back the printing of money and support the economy. The Austrian school of economics is about backing the economy with precious metals as gold and maybe with bitcoin can be easier to do that.

[Habibajahan299333 24]

Of course Bitcoin will solve our economic problems.  Because if I trade or invest with Bitcoin, I can make more money in a very short time.  Which will solve our economic problems very soon.

[Anamika3891 22]

Of cource crypto can help to prevent economic problem... Many people who has no job can work here and can earn something which help them to solve their economic problem... Like me as a student, i work here and earn a passive income frome here and it help me to buy my books clothes and other necessary... So it can really help to prevent economic problem....

[Irungu 4299]

No I dont think so , bitcoin cannot at any point help with so but there is a chance that it can help during tough transactions that cannot be verified there is always something far much important that can help you and us develop the right side to it , everything is very important when we work in certain areas and the truth is there is light to everything we do

[Gluttony 1775]

It is if we are only talking about in a short term here because it could cover the areas that are suffering from this kind of problem. It could support the areas that are being affected by the economic problem such as those who are temporarily not employed and those who do not really have a job. If we are talking about the long run or permanent way, it is delusional. The way the economy of a country should still work the way it is. It might be troublesome to use it as remedy to this kind of solution because it could be the reason why the employment rate and employment activity in that country might become a problem as well.

[Swapzone 174]

Yes, it can! There are many countries suffering from currency crisis like Lebanon, Venezuela, etc where people use Bitcoin and other crypto as store of value.

[Mike1515 2977]

The economy of any country , let alone the world is all placed in the tried positions that have actually worked so its important that we do have a certain strategy that would work perfectly to integrate the new found world of crypto currency , the truth is , there are so many ways that crypto can help but it requires a lot of sharpening of the rough edges to make it far much better, its a very noble and good idea but the truth is it requires such.

[Hridoy8050 12]

Bitcoin plays an important role in solving economic problems.  You can easily make money through Bitcoin.  Also, by working here you can gain knowledge about new currencies.  If a student works here besides studying, he will earn a lot of money from here.  He will be able to earn and from there he will be able to meet all the expenses of his education.  Bitcoin will be able to solve the economic problems of a country and its people.

[BrolySSJ 7899]

I don't think that bitcoin can be considered to be tax free in my opinion, and having an earning that is tax free may not be a good thing as well as it could lead to less income for the country to perform necessary tasks which could plunge the economy further. However i think that the possibility of allowing people to work online and for them to earn something online (crypto) rather than doing nothing, is a good way to combat economic problems. I think that this will be more prominent in countries where crypto is legal and they have the ability to regulate its use and tax it, but at the end of the day, i think crypto will help in economic problems because it provides a new revenue source. Also it opens up earning potential internationally for those local users, as it is online. 

[Mdbabu 0]

The Bitcoin assistance with economic problems. For me, cryptocurrency can help a country's economic position. They think their economy may not improve bitcoin technology in the future.

[Mella 3680]

My friend how is Bitcoin help it is a currency and asset but you are not gain but only from invest or trade with it. How a poor man can buy Bitcoin if he has no money at all. He has to make job and trade his time to Bitcoin and risk with it, maybe it can help if it is used by a country but not in the direct but very later and with other ways.

[bogdanoff 3173]

Bitcoin can be a lot of help in an economy. It can help the economy recover from recession if it is used correctly along with monetizing policies. Some countries own a lot of gold and they have less trouble when recession happnes every ten years so maybe with Bitcoin it can be the same for some of them.

[CathyJohnson42 250]

I think bitcoin can help economic cobdition.Specially those country where bitcoin or crypto currency us legal. On the contrary, we also helped by bitcoin.We can earn bitcoin from this site and also spend our family expanses.

[Michael0606 861]

It is said that for that reason Bitcoin is a threat to banks, although currently some countries and banks support payments with Bitcoin this is a great step for the cryptocurrency in general, and the future decentralized economic.

[Jaafar Fahad Hassan 114]

It has save the lives of many people and it saving now, most under developed countries that face unemployment crises, youth from those countries that engaged in cryptocurrency are benefiting and it a way of lifting economy