Bitcoin - Can it boost or break a countries economy? - page 4.

zee11225

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Quote from: demonz666 on March 21, 2019, 08:29:50 PM

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

The use of bitcoin in my opinion will increase the economy of the countries that use it, because it facilitates financial transactions which will certainly have an impact on the smooth distribution of goods to the public.
The state is obliged to monitor bitcoin to maintain financial stability by issuing regulations aimed at exploiting the existence of bitcoin for the purpose of increasing state revenues.

A L I E N

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Quote from: demonz666 on March 21, 2019, 08:29:50 PM

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

Bitcoin can become a savior for those people, who live in the poorest countries with an awful depressed economy. If they hold BTC they will not lose; they will be losers when they deal with their national currencies.

dat.ho12492

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Quote from: demonz666 on March 21, 2019, 08:29:50 PM

in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

Even if a country has more people using bitcoin, the economy of that country still will not improve because as I see, no one can claim they will be able to continuously make a profit from this market when the market is always like waves at sea, constantly changing and having different fluctuations, and that often makes many people unable to promptly adapt and lead to losses, so it is difficult to make the economies of countries better with crypto and bitcoin

nur rochid

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Quote from: Janation on March 21, 2019, 09:20:12 PM

Quote from: $anounimus$ on February 25, 2019, 05:15:43 AM

Quote from: Bitcoinwalks on February 25, 2019, 04:00:51 AM

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

I think not all of the countries can support it nor legalize it.

The minds of the government of different countries are different from each other. Some want to legalize Bitcoin, they have their reasons and a lot of people are happy with that. But some don't want to do anything with Bitcoin, they also have their reasons and I know a lot of people in their country are disappointed with that but we just need to respect their decisions. It is not that it can't break a country's economy, it's just that they maybe are afraid of the decentralization and anonymity of Bitcoin and other cryptocurrencies.

decentralization is something new, so many people are unfamiliar, I think it's natural to react like this. while the government certainly has to think of the majority of the population, for example my country and Japan, of course human resources are different

Janation

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Quote from: $anounimus$ on February 25, 2019, 05:15:43 AM

Quote from: Bitcoinwalks on February 25, 2019, 04:00:51 AM

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

I think not all of the countries can support it nor legalize it.

The minds of the government of different countries are different from each other. Some want to legalize Bitcoin, they have their reasons and a lot of people are happy with that. But some don't want to do anything with Bitcoin, they also have their reasons and I know a lot of people in their country are disappointed with that but we just need to respect their decisions. It is not that it can't break a country's economy, it's just that they maybe are afraid of the decentralization and anonymity of Bitcoin and other cryptocurrencies.

demonz666

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in my opinion bitcoin can improve the economy of the community or its users. but in general it has not been able to improve the country's economy. because most countries reject bitcoin because of its very volatile value. bitcoin is beneficial for its users and if there are a lot of people in the country who use bitcoin then I am sure that the country's economy will also increase.

shesheboy

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Quote from: Vaskiy on March 21, 2019, 04:41:57 PM

Quote from: bonker on February 25, 2019, 10:34:30 AM

Quote from: KennyR on February 25, 2019, 09:55:11 AM

Quote from: bonker on February 25, 2019, 09:45:02 AM

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big.

Its already happening just so you know , maybe you arent aware that that alot of countries and governments are now already legalizing the use of cryptos ? And when it comes to tax , crypto users are not evading the tax because we are actually paying a tax . didnt you notice that we are being charge by a fees when we created a transaction ? Aside from tx fees , you are also being charged when you convert or cash out your cryptos to fiats using a wallet/exchange .

Vaskiy

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Quote from: bonker on February 25, 2019, 10:34:30 AM

Quote from: KennyR on February 25, 2019, 09:55:11 AM

Quote from: bonker on February 25, 2019, 09:45:02 AM

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big.

daarul50

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There have been many countries that have become examples that the use of cryptocurrency can increase the country's economy provided that the state can provide appropriate regulations or policies on the use of cryptocurrency. Crypto is not a threat to a country's currency because crypto was created not for that matter, instead crypto is present to provide solutions to the economic problems that are occurring.

Ozero

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The experience of Japan shows that the use of cryptocurrency by citizens can give an increase to the gross product of the country. That is, if the cryptocurrency is used along with the national money of the states, then this has a positive effect on the economy of the state.
If Bitcoin or another decentralized cryptocurrency will exist as the main currency of the state, then it can disrupt the economy of this state. However, to destroy the economy of the state cryptocurrency can not.

bonker

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Quote from: KennyR on February 25, 2019, 09:55:11 AM

Quote from: bonker on February 25, 2019, 09:45:02 AM

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount.

KennyR

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Quote from: bonker on February 25, 2019, 09:45:02 AM

Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy.

bonker

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Activity: 784

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Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.

How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.

$anounimus$

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Quote from: Bitcoinwalks on February 25, 2019, 04:00:51 AM

It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

indeed not all countries can use bitcoin as a financial alternative to make transactions because there are still some countries that do not provide support and legality for using bitcoin.

Bitcoinwalks

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It depends of what country it is. Like in venezuel, bitcoin saves their country from economic collapse due to hyperinflation rate. since their official currency depreciates its value, people there have using bitcoin as alternative currency!

YOSHIE

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Bitcoin is one of the virtual currencies, in the form of digital assets that have many advantages over ordinary currencies,
Example: low transaction fees and free are also anonymous. since the birth of bitcoin can expand in the economy both the mining process, exchange etc.
Even though bitcoin is just one type of virtural currency, but there are many that make the world community increase the economy either real or not real, which is clear that bitcoin can boost the world economy, overall.

andriarto

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with the advantages of bitcoin, of course this technological development can facilitate human activities so that it is more effective and efficient. I think the superiority of bitcoin is expected to improve the economy of a country, not even destroy it. of course that applies to countries that are truly ready

Barbut

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Quote from: Kakmakr on February 25, 2019, 02:13:21 AM

Quote from: LUCKMCFLY on February 25, 2019, 01:14:00 AM

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

The financial markets of this world are filled with a variety of investment tools, ranging from low risk to high risk investments. We cannot say that high risk investments should not be allowed, because traders needs protection from their governments against big losses.

Governments can regulate the investment tools, to make sure that the investment tool gives equal opportunity for everyone to make profits and that the system is not rigged in favour of a few rich individuals. Roll Eyes

Kakmakr you answered on your own question here in last sentence. 'Like it`s now`, we dont have fair system where investment tools gives equal opportunity for everyone, that needs to be changed. In that process some will lose, I hope people who run this system and many people who works for them, and majority will gain. Bitcoin can improve, to make things faster and in many ways cheaper, not only bitcoin we need to have in mind other cryptocurrencies, platforms, its an ecosystem. We will not need tons of papers, administration that tells us to wait for days and months for some silly verification.

Kakmakr

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Quote from: LUCKMCFLY on February 25, 2019, 01:14:00 AM

It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

The financial markets of this world are filled with a variety of investment tools, ranging from low risk to high risk investments. We cannot say that high risk investments should not be allowed, because traders needs protection from their governments against big losses.

Governments can regulate the investment tools, to make sure that the investment tool gives equal opportunity for everyone to make profits and that the system is not rigged in favour of a few rich individuals. Roll Eyes

LUCKMCFLY

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It is difficult to determine what can happen, everything depends on the type of economy that the nation is in, so far no country has adopted a cryptocurrency, it is a very big risk, because in case the currency increases its value, there are many that have thousands and Millions of Bitcoin, can lower the price quickly and could collapse a good amount of money in seconds.

Normally Economists do not recommend cryptocurrencies or Bitcoin, some claim that it is a bubble (which does not apply), but for them if, because it does not represent a safe investment, it has no support or liquidity. In a nation, they prefer safe policies that give results and have more reliability.

Topic: Bitcoin - Can it boost or break a countries economy? - page 4. (Read 5005 times)