Bitcoin - Can it boost or break a countries economy? - page 8.

boynamnhi

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Quote from: Kakmakr on September 19, 2017, 04:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

I think it is very hard to see that the crypto market is in a bear market in the long term, the market is falling by more than 60%, the market is falling sharply throughout the first months of 2018, So you can not expect much in bitcoin to change the economy. The crypto market is slowly falling into recession and bitcoin prices are constantly decreasing and the price of altcoin drops.

nightways

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Quote from: Kakmakr on September 19, 2017, 04:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

All that matters is how much that is going in and out of the country. If there is much money coming in to the country through Bitcoin, then it will boost the country’s economy, but if it’s the opposite, then we have nothing else than breaking of the country’s economy. Another thing is where these whales are mostly located (I said whales because they are the ones that keeps on pumping and dumping the price) if they are located mostly in the U.S, then that country will gain much from it.

tdtduy

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With Blockchain technology, Bitcoin can have a positive or negative impact on the world economy. Bitcoin is safe, secure and fast. So Bitcoin is too good to use in commercial transactions for now and for the future. Bitcoin also contributes to increase laborers' incomes and reduce unemployment. That's the positive thing for Bitcoin for the economy. But the Bitcoin transaction will cause the state to lose a certain amount of tax money. But this will not destroy the economy.

Btcschool

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Quote from: Kakmakr on September 19, 2017, 04:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

The success rate of every country depends on how hardworking they are. If your country is not hardworking, there is no way they are achieving anything. And for a country to be hardworking and be able to achieve something, it all relies on the government of that particular country and what they are able to do. So same thing applies to Bitcoin, any country that invests much of their time in being hardworking in Bitcoin and also by investing their money, they will be the ones to achieve more success from it.

gledek

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if it says can improve the economy of a country in my opinion can not, because bitcoin itself is not stable. if it's to improve the individual economy, I think it can.

mriansa

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it seems that if the country knows how to play the right cryptocurrency and can know the right time to buy and sell bitcoin then it looks like the neagra can become rich but if the country does not have the skill it seems difficult to be able to earn wealth.

onrise

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Quote from: Bitcoin_Makers on June 09, 2018, 05:11:10 PM

Bitcoin is not a threat, but a magical tool that changes the economy for the better. Bitcoin will not destroy the economy, it will transform it into something new.

It can act as a positive or negative in either way if bitcoin is misuse by the people than it can definitely be a threat to the country and its economy if government cannot control it . Thus due to such reasons many govt is not making it legal as they fear it can be threat to them.

Ryanpogi

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bitcoin can really help a country, because every person who is crypto earns. just because the btc value is not stable so it is difficult to accept the btc government. it is still necessary to study thoroughly. Thanks ..

b3j0

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I think bitcoin will not destroy a country's economy but bitcoin can greatly improve a country's economy.

snkneo

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For one, the market cap of an alternative coin for a country would have to be insane. Just think of the US economy. And since anyone in the world could have it, that means that people in other countries would get rich of it. I just don't think that would work out.

Mayonerak

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Think about Japan how they manage Bitcoin to boost up their economy and with the support of their government there people had enjoyed the benefits of the technology.
As for me Bitcoin can boost the economy as long as the they will provide good regulations to protect the investors from scam projects.

Ngemmeng

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SOL.BIOKRIPT.COM

bitcoin like a firearm, it will be useful or dangerous depending on who holds it.
if the government set it well then bitcoin can boost the country's economy.

jennygamilo

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For me yes , because bitcoin is very famous and powerful right now but the reason why government didn't accept it because they are not able to control bitcoin because bitcoin is an online investment ,and also there is no way to calculate bitcoin unlike taxes , taxes had a calculation so that government can control and balance it's country.

alexsandria

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Quote from: Sled on September 19, 2017, 10:33:24 AM

Bitcoin can boost a countries economy because it will help the people to earn money and the people will use those money to spend on the things that they want and those profit of the shop or the store that the people used to buy things with. Then it will boost the shop or the store's income and the tax of that store will go up too and it will help the country to have a better income which will help itself to improve its system and economy.

I think bitcoin can really boost our economy because bitcoin is a good source of porfit or income. It can lower the number of unemployment when bitcoin introduce to everyone meaning we can vanished poverty because people can really earn money in bitcoin easily thats why boosting economy using bitcoin can be a good idea.

Altf4

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I do not see bitcoin breaks the economy of a country, but I see that it may or might booster countries economy because the platforms that are related to bitcoin can give good benefits to everybody and I experienced that , and the only weapons we have are hardwork and great patience and you will be rewarded, so the bitcoin technology will really bolster the economy of certain country and I believe that.

cryptocurrencyguru

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bitcoin is definitely economy booster nt a destory for sure in positive sense bitcoin can take part major crunch in any country economy

altcoin4u

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I would say, that it depends on the people, who would sit in the government, some of them can regulate bitcoin the way, it will boost bitcoin.

meusyou

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I think government are genuinely scared of the possibility of losing their relevance. One of the economic tool at government disposal is monetary control with a globally secured and anonymous cryptocurrency, government influence would not only diminish but even vanish completely.

Chrisjay29

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For me bitcoin boost the economy of a country. Because he make money come in a country. If more money will come in a country the more economy grow.

Bitcoin_Makers

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Bitcoin is not a threat, but a magical tool that changes the economy for the better. Bitcoin will not destroy the economy, it will transform it into something new.

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