Topic: Bitcoin - Can it boost or break a countries economy? - page 6. (Read 5024 times)
Actually, I don't know much about the economy of the country, but I am sure it will boost personal finances because of the crypto especially bitcoin. We know that bitcoin can give us a big profit from the up and down of the price so we can make more and more money. But I think if someone financial can increase, and it will impact to the other people, I think the economy of the country will also get an increase too because they can make money from bitcoin and it means, they can solve the poverty problem.
It depends on how a country and its countrymen are working. If a country used bitcoin for gaining or as an advantage then it is good. Wasting bitcoin is similar to wasting money and this may just have the same impact as wasting the real money you have. The question you have is both answerable by yes or no.
A country must legalized bitcoin first and use it as one of their legal tender to have an effect on their national economy. If bitcoin is used by the majority of the people, it will have an effects on the economy because they will be using the coins in many different of transactions and mostly online. The country's economy will also get benefits from any bitcoin bullrun just like economic boom but there is a big possibility that a bitcoin crash can also affect the overall economy.
cryptocurrency can become another payment method, it is not necessary to replace all types of payment systems. therefore, we observe how this technology develops
It will definitely boost the country's economy and also create a huge employment as many people would be self sufficient and create something around the crypto current and will help country to grow and create a new employment i this field. Their are many other advantages as well of crypto.
One example is on sending money, with blockchain, you can send in seconds and the rate is very affordable but in traditional way of sending money, you need to pass to their system and payment is not cheap, also transactions can be reverse unlike in bitcoin is non-reversal, so it's anti fraud.
cryptocurrency can become another payment method, it is not necessary to replace all types of payment systems. therefore, we observe how this technology develops
It will definitely boost the country's economy and also create a huge employment as many people would be self sufficient and create something around the crypto current and will help country to grow and create a new employment i this field. Their are many other advantages as well of crypto.
If government regulating bitcoin as payment in merchant, i think it can boost tourism sector. Tourist must be prefer carrying bitcoin because its more safe and more secure rather than carrying a lot paper money. I think bitcoin can increasing retail consumption too.
for me bitcoin can also help the economy of a country and also a good way to be used by our people every day is also a good way to get profits, and also can help people who have not got a permanent job.
for now, it might be an opportunity for any country to use bitcoin, at a price that is still affordable, it is expected that if many countries legalize it, then the state that first legalizes it, the people can avoid prosperity
for me bitcoin can also help the economy of a country and also a good way to be used by our people every day is also a good way to get profits, and also can help people who have not got a permanent job.
One of the concerns of governments about bitcoin and its accompnied blockchain technology is the effect of this on the economy. We know that bitcoin uses a decentralized system that the government is having a hard time to trace every transaction. If that is the case, it might have a negative impact on it. The government will just like blind folded in running the economy. Hoping that in the future, developers will be able to think of coded procedures to address this issue.
Agreed, but when it comes to tracing of the transactions it'll be more easier than that of the present economic system. Through blockchain each and every transaction will be transparent, and when everything happens through blockchain automatically the corruption gets eliminated. From my opinion, there are chances that governments around the world opposing blockchain for the same reason.
One of the concerns of governments about bitcoin and its accompnied blockchain technology is the effect of this on the economy. We know that bitcoin uses a decentralized system that the government is having a hard time to trace every transaction. If that is the case, it might have a negative impact on it. The government will just like blind folded in running the economy. Hoping that in the future, developers will be able to think of coded procedures to address this issue.
in my opinion everything can happen because we know the good and bad results of bitcoin depend on the intention and purpose of investors in investing with crypto currency itself if of course bad intentions do get bad results of course
It can be a miracle for citizens of such countries as Venezuela or Zimbabwe, where national currencies are in fact worth less than the paper they are made of.
I don't think there is any effect on bitcoin and economic standing of a country. Take china and japan for example. Japan is all out support for bitcoin. They are up there even before bitcoin. China on the other hand are so against bitcoin to the point of banning it. They have worked their way from nothing to where they are now even before bitcoin. So i don't think there is any correlation between bitcoina nd economy.
Bitcoin and other cryptocurrency affect the growth or imbalance of the state economy. When in April 2017, Japan recognized cryptocurrency as a means of payment. until the end of this year, the cryptocurrency gave an increase in the gross domestic product of the country by 0.6 percent. In addition, there was a general increase in the wealth of the citizens of this country. This happens when the cryptocurrency runs in parallel with the national money of the state. However, if the cryptocurrency is recognized as the main currency of the state, which I think will never be, then it can quickly unbalance the economy of any state.I don't think there is any effect on bitcoin and economic standing of a country. Take china and japan for example. Japan is all out support for bitcoin. They are up there even before bitcoin. China on the other hand are so against bitcoin to the point of banning it. They have worked their way from nothing to where they are now even before bitcoin. So i don't think there is any correlation between bitcoina nd economy.
Bitcoin and other cryptocurrency affect the growth or imbalance of the state economy. When in April 2017, Japan recognized cryptocurrency as a means of payment. until the end of this year, the cryptocurrency gave an increase in the gross domestic product of the country by 0.6 percent. In addition, there was a general increase in the wealth of the citizens of this country. This happens when the cryptocurrency runs in parallel with the national money of the state. However, if the cryptocurrency is recognized as the main currency of the state, which I think will never be, then it can quickly unbalance the economy of any state.
I don't think there is any effect on bitcoin and economic standing of a country. Take china and japan for example. Japan is all out support for bitcoin. They are up there even before bitcoin. China on the other hand are so against bitcoin to the point of banning it. They have worked their way from nothing to where they are now even before bitcoin. So i don't think there is any correlation between bitcoina nd economy.
Bitcoin and other cryptocurrency affect the growth or imbalance of the state economy. When in April 2017, Japan recognized cryptocurrency as a means of payment. until the end of this year, the cryptocurrency gave an increase in the gross domestic product of the country by 0.6 percent. In addition, there was a general increase in the wealth of the citizens of this country. This happens when the cryptocurrency runs in parallel with the national money of the state. However, if the cryptocurrency is recognized as the main currency of the state, which I think will never be, then it can quickly unbalance the economy of any state. 
Cryptocurrency can increase the economy of the state a little if it is used along with the national money of the state. To destroy the economy of the state cryptocurrency can not in any case. It can unregulate the economy of the state if the government makes a rash decision to switch to cryptocurrency instead of its national money, which cannot be practiced.
For now, crypto can only affect individuals and small groups but has not been able to change the economy of a country, but I am sure that in the future crypto will be accepted by everyone and the country will simplify crypto regulations.
Bitcoin can boost the Economy of a Country. Imagine a Country with no Homeless people. Everyone has income because of Bitcoin. even an uneducated person can use Bitcoin. That Country's economy will surely grow and improve.
They are afraid if people have turned to bitcoin then the traditional banks will not be used, and no more tax collection. So that the state does not get money coming from the community. That is my opinion. sorry if I'm wrong.
cryptocurrency can become another payment method, it is not necessary to replace all types of payment systems. therefore, we observe how this technology develops
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