Bitcoin contribution to World' income

Apple Mac

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Quote from: Coffee135 on March 24, 2018, 12:22:37 PM

Now bitcoin has no influence on the world economy because it is still very young. But to develop the economy is the purpose of Fiat. Bitcoin is an attempt by people to protect their savings from banks and government. We work a lot but we do not have the opportunity to receive a decent payment for work because our money is constantly disposed of by others. Break this job system for bitcoin.

Probably,but as we can see Bitcoin has something to do with helping the individuals to have their source pf income, at some point it may be huge at some point it may be a little,but it doesn't matter. Bitcoin is being acwuired already by most of the popular entities in the world which we can as a slowly but surely progress that everyone is helping,but for now it have to recover.

Jaemouns

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Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

Bitcoin contribution is words economy is probably a positive thing . It helps the economy ti have a bigger income specially in moey matters and all aspect of tranactions in bitcoin .

bitcoinrays

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Quote from: Lorence.xD on November 08, 2018, 08:44:30 AM

Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

That was totally an awesome and amazing thing about this new type of cryptocurrency uprising the positivity of pushing the innovation to uphold the capability and capacity of the world's income to rise furthermore which is a positive thing that can be associated with the cryptocurrency. Absolutely, this will encourage more people to go engage with Bitcoin as well as the other types of existing cryptocurrency around the virtual market that will surely uprise the popularity of the whole community if that scenario will happen.

This is literally a superb action taken by investors or whoever it is behind this impact. Bitcoin is really adding some valuable impact on world economics. And according to some experts, in coming few decades when bitcoin would be stronger enough to hold at international leave, this would become criteria for being top economical powers. Whosoever would have more impact on bitcoin be the super one.

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Bitcoin has different kind of contributions to the world economy. Sometime it positively contributions and some time its contribution are put negative effects on world economy. Some good contributed like it help to reduce the unemployment issues present in many country and also help many government to solve their economy related problems and also help poor country in money transaction facility. And the negative contribution of it is due to its volatile nature which highly influence share market of various countries and this thing ultimately put negative affect of world economy.

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Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

Even despite the fact that your calculations are a bit far-fetched, I agree with the conclusion that btc (and all the crypto market) constitute just a minimal percent of the world's economy, alltogether costing less than a yearly budget of a single country (let's take the US with its $1 trillion for 2017 as an example). Consequently, we can say that cryptocurrencies do not significantly affect the global economy, but that's natural because the technology itself is too young and still needs a lot of improvement and development.

charlotte04

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Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

It would really messed up the money inside the country because people often received such money in not knowing that they could be rich in just one day.

jatin729

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Quote from: KesoNie on November 08, 2018, 09:35:37 AM

Quote from: Lorence.xD on November 08, 2018, 08:44:30 AM

Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

That was totally an awesome and amazing thing about this new type of cryptocurrency uprising the positivity of pushing the innovation to uphold the capability and capacity of the world's income to rise furthermore which is a positive thing that can be associated with the cryptocurrency. Absolutely, this will encourage more people to go engage with Bitcoin as well as the other types of existing cryptocurrency around the virtual market that will surely uprise the popularity of the whole community if that scenario will happen.

Bitcoin has a huge contribution especially in an income to someone so that it has effect in economy in a country. And its totally amazing how the Bitcoin technology can change our lives by using it, so that once the country adopt it or accept surely it will be have a great economy and also many people will get help financially. Im glad that cryptocurrency and Bitcoin exist because its really helpful to many people.

Yes i agree with your point that crypto is really contribute in improving living standard of people because we have seen most of unemployed working as bounty hunter and also earn money from trading. Nation also earn taxes because when people buy any goods than indirect taxes directly go to govt.

KesoNie

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Quote from: Lorence.xD on November 08, 2018, 08:44:30 AM

Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

That was totally an awesome and amazing thing about this new type of cryptocurrency uprising the positivity of pushing the innovation to uphold the capability and capacity of the world's income to rise furthermore which is a positive thing that can be associated with the cryptocurrency. Absolutely, this will encourage more people to go engage with Bitcoin as well as the other types of existing cryptocurrency around the virtual market that will surely uprise the popularity of the whole community if that scenario will happen.

Bitcoin has a huge contribution especially in an income to someone so that it has effect in economy in a country. And its totally amazing how the Bitcoin technology can change our lives by using it, so that once the country adopt it or accept surely it will be have a great economy and also many people will get help financially. Im glad that cryptocurrency and Bitcoin exist because its really helpful to many people.

Lorence.xD

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Quote from: jatin729 on March 24, 2018, 11:10:18 AM

Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it.
Assume Bitcoin price - 8,925 USD
According to coinDesk Supply of total bitcoin yet = 16,937,088
Total value of bitcoin till now approx -$0.152 Trillion
According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
Total World income is 280 trillion USD
Total bitcoin contribution to world income 0.054%
Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc.

Share your view on it.

That was totally an awesome and amazing thing about this new type of cryptocurrency uprising the positivity of pushing the innovation to uphold the capability and capacity of the world's income to rise furthermore which is a positive thing that can be associated with the cryptocurrency. Absolutely, this will encourage more people to go engage with Bitcoin as well as the other types of existing cryptocurrency around the virtual market that will surely uprise the popularity of the whole community if that scenario will happen.

heleng05

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I think that bitcoin has really gave a bigger contribution it the world income because he also allow people who don't have a regular job to work to earn money. And I think most people that get involved to bitcoin would say that it has the biggest contribution to the economy among all the currency.

andriarto

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Quote from: Brigalabdis on November 05, 2018, 01:11:05 PM

Basically a lot of people been earning by the help of bitcoin industry , so in my own perspective the biggest contribution to world income , well the demand and the new ideas that bitcoin shown on the world wide. The most influential coin at the entire world, which a lot of people wanting it. And i guess sooner or later the btc will be successfully known or recognize mostly the governments that still thinking bitcoin is scam. And from the word that i said on the starting, is that a lot of people has been earning through bitcoin industry so basically, they're probably using it , i mean using it? , a lot buying their daily needs, like i did. So basically, it's a huge factor and a great source of income. Big thanks to bitcoin though , well long live bitcoin.

i think in bitcoin money will spin, so many bitcoiners get a lot of money from people who need btc. of course, the more people who need it, the bigger nominal will be, so that they will be lucky, because many are suddenly rich

patarfweefwee

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I think you made an error there in your calculations as to the income plugged in by crypto currency. What you actually did is calculate the value of crypto currency. If we do that then we should also calculate the valie of all currencies of the world plus their GNPs and vaue of their products which i doubt will be just in the trillions.

Thomson-Winter

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Yes, bitcoin generates income for many people, they can improve their old wages and comfortable living conditions thanks to the investment of intelligent bitcoin

Brigalabdis

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Basically a lot of people been earning by the help of bitcoin industry , so in my own perspective the biggest contribution to world income , well the demand and the new ideas that bitcoin shown on the world wide. The most influential coin at the entire world, which a lot of people wanting it. And i guess sooner or later the btc will be successfully known or recognize mostly the governments that still thinking bitcoin is scam. And from the word that i said on the starting, is that a lot of people has been earning through bitcoin industry so basically, they're probably using it , i mean using it? , a lot buying their daily needs, like i did. So basically, it's a huge factor and a great source of income. Big thanks to bitcoin though , well long live bitcoin.

jatin729

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Quote from: Usafstar on November 04, 2018, 02:57:46 AM

If clearly bitcoin is not showing any progress in the world income but it is clear that most of the people have told that bitcoin is providing a good income source to many of the jobless people and now they are enjoying the happy life while they have invested further so it will not wrong that they have own their trading platforms and many new ICO has been started by them once they were very new to it and now they are able to develop the crypto so it has bring much change.

How you can say that bitcoin is not contribute in world's income ?
Do you know how many people are actually working as a freelancer and earning bitcoin or ETH as an income for months.
one thing even students earning from trading and bounty campaigns and they earns huge money from it.
Per capita income has increases certainly you can't say that crypto is really helpful for those who want to earn money online.

Usafstar

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If clearly bitcoin is not showing any progress in the world income but it is clear that most of the people have told that bitcoin is providing a good income source to many of the jobless people and now they are enjoying the happy life while they have invested further so it will not wrong that they have own their trading platforms and many new ICO has been started by them once they were very new to it and now they are able to develop the crypto so it has bring much change.

BitTraderCute

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Quote from: Flor1982 on November 03, 2018, 09:11:53 PM

I could see many of us are now in prosperity around the world because of Bitcoin so for me the contribution of Bitcoin to world income is priceless that it cannot be measured of any amount because Bitcoin as a life changer is a great contribution to the mankind.

much people earn money from this world.we could take a look at mining industry.vga production rise alot after people mining bitcoin or altcoin for their investment.its really give positive impact to other sectors.and still many benefits from cryptomarket that make people become prosperous.

Flor1982

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I could see many of us are now in prosperity around the world because of Bitcoin so for me the contribution of Bitcoin to world income is priceless that it cannot be measured of any amount because Bitcoin as a life changer is a great contribution to the mankind.

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Quote from: zubrr51 on November 03, 2018, 06:29:39 AM

While Bitcoin's contribution to world income is really small. But this is good, as the market has room to grow.

It was even smaller in the beginning, compared with that times now its much bigger. Market cap is higher every year, I think that in next 5 years, more or less, we need to hit trillion dollars market cap. That is relatively small compared with other financial institutions but with going up and up bitcoin can be one of the most expensive assets in the world. I think market have a lot of free space for growing, among the people, companies and later countries, there is so much free space bitcoin can conquer.

zubrr51

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While Bitcoin's contribution to world income is really small. But this is good, as the market has room to grow.

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