Topic: Bitcoin and Future of Economy! - page 5. (Read 2933 times)
With bitcoin keeping its power and almost every year, im pretty sure too that more and more people is going to like cryptos and as more and more people are utilizing the bigger the chance of country's economy to lift from being down.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
Yes this is possible if many people use bitcoin as their currency, but we know this is long process, because many country they not accept bitcoin as digital currency. We should spread good news about bitcoin and what bitcoin do and function and can help other country specially in economy of their country. So my question is can bitcoin be a main currency of world economy?
Yes it can be the main currencies in the world because its the most popular of all currencies in the world
Bitcoin and the economy might merge into one in order to have a better and faster payment progress and that is why i believed that bitcoin has a lot of way to go in the future and the future of the bitcoin and economy are so bright and they just need to get into themselves and merge into one to become the best and to help each other. It's just a matter of time.
In my opinion, Bitcoin is beneficial not only for the person using it but for the whole nation. With the more and more use of bitcoin future of the economy can be more secured and stable. All the crisis can be solved by the bitcoin. It has the potential of increasing any country's financial statements. It has also helped by eradicating unemployment. So it can be concluded that any country can have bright and developed future with the aid of bitcoin. Just keep up the good work my friend.
So my question is can bitcoin be a main currency of world economy?
It will become the main currency for crypto economy but not for world economy. There's a long debate on how will bitcoin going to overtake the currency worldwide but there's a long way to go before it will go there. Dollar will stay and bitcoin will be it's rival and alternative choice for people who wants to stay anonymous.
Digital Currency Is The Future. Bitcoin has been considered by many the currency of the next generation because of it’s anonymity and value. Today, it is currently worth well over 100$USD, and will probably keep up rising. It can be used just like real money, but it’s all inside your computers. With it’s price, you can buy anything from a hard drive all the way to a car, house etc.
If for the world currency the possibility of bitcoin is still very difficult because with various problems often faced by a trader becomes a factor that causes bitcoin still needs a variety of mature considerations from the government and the population when they want to be used as a world currency.
It's true, Bitcoin has become a great influential element of the economy already, So it's been an influential factor for the individual financial status so Day by day the growth of Blockchain system is getting higher and people around the world is getting engaged in this platform. That's why Bitcoin will be the future of the economy.
Maybe? but bitcoin is a very huge money and government don't want to use it because as you saw that the prices of bitcoin itself can surpassed $50,000 for one bitcoin only so government will not promote it and also to its volatile value so we cannot blame governments for now.
The point is, the government doesn't really want to take the risk of bitcoin and other type of cryptocurrency because they are seeing a huge risk of losing money because of the volatility, that volatility is the main reason for the people to just keep losing money so they are not accepting it and promoting it because it is just very risky.as far as i know the highest price bicoin currently is about $ 20,000.
maybe in the future can touch the price of $ 50,000 or more, if for bitcoin and the world economy I'm optimistic bitcoin will replace fiat money because too many deficiencies occur in fiat money, we must be ready to change for the better future.
If we will fresh and open to a new ideas here I think bitcoin will be the great helper and supporter for the existing economy system in the world.
Do you think that if Bitcoin becomes a common currency, will the economy be held back? The development between Bitcoin and Altcoin will create prices, advances in technology. I do not agree that Bitcoin is exclusive.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
Yeah Quite frankly government is not patronizing the idea of Bitcoin,because they still can't figure it out how they gonna control or monitor it in the future. Because we all know that cryptocurrencies has no middle man that will require you to have extra charges transferring money to your loved ones.
And additional to that Bitcoin is not as stable as the existing currencies like dollars, it is very vulnerable and for the benefit of its people the government is interfering.
bitcoin and the economy have a mutually beneficial relationship. If the economy is developed then the bitcoin will be more positive and if the bitcoin goes up, it will also affect the economy. Relate to each other
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
No doubt some nation they dont need bitcoin, becuase they knows bitcoin can crush some bank. Bitcoin has a major impact in web based managing an account, so I think that is the some motivation behind why different nations not tolerating bitcoin
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
I think no cause Bitcoin is volatility and we should have fiat currency maybe bitcoin will be more popular in the future and lots of countries might accept bitcoin as their acceptable payments but I doubt that it could replace fiat or be an global currency.
maybe but it takes a very long time. Bitcoin can increase its value but it will be difficult to enter major markets around the world. Maybe the entire cryptocurrency can be a good alternative to paper money because crypto can be used between countries at a low cost. In time, cryptocurrency will be accepted worldwide in the future.
I also agree with the opinion that "It may change the structure of the government and challenge the power of the state". I am looking forward to the events that could happen in the near future, whether it are going to begin from small countries or drastically changing all at once.
Although Bitcoin is a technological innovation that can replace the basic currency, similarly, changes in the economy and society as a whole are necessary. In certain countries, it is also true that currency volatility is higher than BITCOIN due to insufficient trust in key currencies. From those countries, bit coins may end basic cash.
Bitcoin and Cryptocurrency technology has the capacity to upend the entire global economy and create enormous efficiencies.It might even change the very structure of government and challenge the power of the nation-state.
Although Bitcoin is a technological innovation that can replace the basic currency, similarly, changes in the economy and society as a whole are necessary. In certain countries, it is also true that currency volatility is higher than BITCOIN due to insufficient trust in key currencies. From those countries, bit coins may end basic cash.
Jump to: