Bitcoin plays a vital role in the economy

dimox

legendary

Activity: 1610

Merit: 1003

Quote from: sham100899 on April 30, 2018, 03:42:53 AM

Quote from: talkbitcoin on April 30, 2018, 03:39:12 AM

just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.

But the economy will change because of bitcoin not because of people.

economy can change because of people. like, how productive you are.
if someone know about bitcoin than they just dont care about it, what happen? economy's country can be better because of how great people in there. without bitcoin, country can through any obstacle if they have productive people. so, people can change something

Cupomi

newbie

Activity: 81

Merit: 0

Quote from: sham100899 on April 30, 2018, 03:35:24 AM

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

bitcoin is only a currency, so it all depends on market players if a country wants to use bitcoin in their transaction system, of course it will be very influential but if the country does not want to use blockchain technology in their economic system, I think the country is losing because there are many advantages in the eyes of the state, crypto can be used for all international transactions, so that bitcoin can affect the economy of a country depending on it.

lingwistiko

member

Activity: 322

Merit: 10

╔►[FILIPINO Translator]◄╝

I agree with the subject of the topic because there are already countries who already proved that bitcoin has helped their economy to improve significantly. If all countries have the same views about bitcoin, then i am sure they will also have the same testimonies.

BCTalkaccountforsale

full member

Activity: 308

Merit: 101

Bitcoin will not be able to affect the economy of a country because the government will not receive the tax from Bitcoin. But Bitcoin can change an individual's economy and reduce the unemployment rate for their country.

aris av

copper member

Activity: 409

Merit: 1

The Standard Protocol - Solving Inflation

Yes, bitcoin can affect the economy, bitcoin has a high price and can also be a source of income, and it will have a positive impact on the economy.

jatin729

full member

Activity: 812

Merit: 108

Yes bitcoin is one of the major crypto asset which really helps economy to grow because people are usually invested into it and earn profits from it. that their living of standard has grown and their buying power has increased so they contribute to economy by paying taxes on goods and services that used.

Lomberjack

full member

Activity: 384

Merit: 106

Bitcoin helps people a lot. Some poor people became rich and others became wealthy just by using and investing in bitcoin. If every country will accept bitcoin, then their country will come up to a huge progress.

andriw

member

Activity: 406

Merit: 11

which plays an important role in the economy is the trade in commodity goods, both domestic trade and inter-country trade (export-import), bitcoin or fiat only as intermediaries or transaction tools.

Dimas99

sr. member

Activity: 854

Merit: 251

very true bitcoin will become an important role in the economy if the country legalizes crypto currency as the applicable currency, and what is possible if my country can happen the government has not fully formalized the crypto currency as the applicable currency even the government prohibits transactions using currency crypto directly

alinapvlvch

member

Activity: 276

Merit: 10

of course influence is and would be silly to say that it is absent. just very difficult relations at cryptocurrencies with banks and the states.

Seeker#9

full member

Activity: 658

Merit: 102

Quote from: Layers318 on November 06, 2018, 08:12:21 PM

Countries like South Korea, Japan, Zimbabwe etc will attest to the fact that Bitcoin has incredibly add up to the betterment of their economy. It creates job opportunities and financial freedom for the people to make payment both online and offline in a very simple form.

The impact on economy is significant if a country decides to legalized bitcoin and impose taxes on every transactions. Big gains can also be made if majority of the merchants and vendors uses the digital currency in all kinds of transactions. If the price of the bitcoin is high, it would benefit the country that uses the bitcoin as one of the alternative payment system or currency.

chairmanMao

member

Activity: 456

Merit: 15

Do you overestimate the position of Bitcoin in the economy, and the current influence of Bitcoin in finance is still very small. It is important to know that traditional financial markets are very strong, but due to the rise of Bitcoin, the influence of Bitcoin will be very large in the future. This takes a long process.

zee11225

member

Activity: 314

Merit: 10

“A nexgen decentralized ride hailing ”

Quote from: jojowar on November 07, 2018, 08:45:12 AM

If there are many people in a country who will engage in bitcoin, there will be a huge effect in the economy of that country because bitcoin and other cryptocurrency may open new businesses and project development which means more jobs to offer.

I am still skeptical because there are still many loopholes that cannot be regulated, the circulation of the crypto business on the internet is still not 100% monitorable and controlled, of course the government also wants a certain safe point before actually implementing it.

but if your words are proven correct and bitcoin is able to adapt well then the economic system will be more advanced and vital proportionally with the increase in human resources that begin to adapt to bitcoin well.

aryatrals

newbie

Activity: 76

Merit: 0

Quote from: talkbitcoin on April 30, 2018, 03:39:12 AM

just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.

maybe bitcoin affects the world economy not in terms of income but in terms of convenience, for example there are many business people with international level that are very facilitated with bitcoin currency and how much progress in buying and selling using conventional currency is now starting to switch to bitcoin due to convenience , maybe something like this makes bitcoin play an important role in the world, especially the world of commerce.

Nellayar

full member

Activity: 868

Merit: 185

Roobet supporter and player!

Quote from: sham100899 on April 30, 2018, 03:35:24 AM

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Yeah! I believe in you. Bitcoin is a precious coin. It helps humanity to have job without working at their office. In fact, it helps me a lot because I did not have job also. When I joined in this forum, I have nothing but right now, it seems like I can buy things which I dream before. However, I want to pursue my dreams and be determined to success in cryptocurrency.

bohr

sr. member

Activity: 994

Merit: 257

Quote from: WillyAp on October 22, 2018, 06:32:27 PM

Bitcoin is way smaller than people believe.
In economical terms it still has to do some work to pass Paypal which in turn need to do some work to pass Visa.

https://altcointoday.com/bitcoin-ethereum-vs-visa-paypal-transactions-per-second/

Bitcoin seems a lot bigger than it is because people like us are fully committed to bitcoin and we are thinking about subjects related to cryptocurrencies all the time and since we interact in the Internet with people with similar views then bitcoin may seem as if it is everywhere, but when I take the time to look around me and I ask my friends about bitcoin they know nothing about it.

dat.ho12492

jr. member

Activity: 378

Merit: 1

Quote from: Anies_Sandi on November 07, 2018, 08:21:25 AM

maybe it could happen that bitcoin has become an important role of the economy in a country, but at this time in my country it might not be said because the government has not formalized the crypto currency as a valid currency so that it cannot be an important role in the economy

I think that for most countries, bitcoin is not nearly as important, its popularity is still too low and the government still considers it a dangerous product, it does not make too much sense for the economy, even for individuals, investors here, bitcoin also does not play a significant role in their economy. Because most people here have a stable job in life, bitcoin with them is just a development direction and a kind of their investment, they do not rate it too high in their economy

jojowar

member

Activity: 378

Merit: 10

If there are many people in a country who will engage in bitcoin, there will be a huge effect in the economy of that country because bitcoin and other cryptocurrency may open new businesses and project development which means more jobs to offer.

Anies_Sandi

sr. member

Activity: 700

Merit: 252

maybe it could happen that bitcoin has become an important role of the economy in a country, but at this time in my country it might not be said because the government has not formalized the crypto currency as a valid currency so that it cannot be an important role in the economy

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: Layers318 on November 06, 2018, 08:12:21 PM

Countries like South Korea, Japan, Zimbabwe etc will attest to the fact that Bitcoin has incredibly add up to the betterment of their economy. It creates job opportunities and financial freedom for the people to make payment both online and offline in a very simple form.

for now it is possible with bitcoin to create jobs, where we can join bounty program. but it also can't be relied upon to be a guarantee, we know a lot of ico that isn't good this year.

Topic: Bitcoin plays a vital role in the economy (Read 2375 times)