Affect of bitcoins in the global economy - page 2.

panju1

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Quote from: AMHURSICKUS on July 20, 2017, 09:13:33 AM

How bitcoins affect or change the global economy?
Since bitcoins shows great promise for a wide range of legitimate applications.

Blockchain has a wide range of applications. Bitcoin is after all money. It can be used for anything that money can normally be used for.
I think remittances and online payments (say gambling) would have great potential for adopting bitcoin.

worldmobilecoin

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Quote from: Rahar02 on July 20, 2017, 10:22:33 AM

You can say bitcoin has small effect in the global economy, it just a medium of exchange, a digital currency which on developing. If we compare with other currencies, than bitcoin has limited usability due to most people use it as trading object instead of being a currency, still far away from what the founder wants about bitcoin. Bitcoin is a bubble I guess, for now it has high exchange rate even though still on early years of development, many people don't want to spend bitcoin because its value increase over time and more profitable to keep than buy something with it, and many other reasons such as fees and only few merchants accept bitcoin payment right now.

I agree. This technology is on developing. Maybe digital currency will be practical and globally use in the future. IMO BTC is the pioneer and it's a good started to introduce the world about digital currency.

ecnalubma

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Its already tapping the world economy now, bitcoin attracts a lot investors and companies worldwide and always affect and contribute growth of ones country. Bitcoin nowadays is considered one of the main focus of some companies because they see good future on it.

Rahar02

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You can say bitcoin has small effect in the global economy, it just a medium of exchange, a digital currency which on developing. If we compare with other currencies, than bitcoin has limited usability due to most people use it as trading object instead of being a currency, still far away from what the founder wants about bitcoin. Bitcoin is a bubble I guess, for now it has high exchange rate even though still on early years of development, many people don't want to spend bitcoin because its value increase over time and more profitable to keep than buy something with it, and many other reasons such as fees and only few merchants accept bitcoin payment right now.

hardforkcoin

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The entire crypto market is somewhere around 80 Billion USD. We have a long way to go before it starts to affect the entire world market.

But yes, if smaller countries started using crypto it would affect them faster than USA or CHINA.

AjithBtc

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Bitcoin and majority of the digital currencies were legitimate in its activities. Something that affect the global economy is the inflow of fiat into bitcoin and the loss that has been faced by the banking service providers all around the globe. Hope when interlinked functioning gets initiated the impact gets decreased.

AMHURSICKUS

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How bitcoins affect or change the global economy?
Since bitcoins shows great promise for a wide range of legitimate applications.

Topic: Affect of bitcoins in the global economy - page 2. (Read 840 times)