Topic: Bitcoin plays a vital role in the economy - page 10. (Read 2375 times)
Bitcoin is a major crypto currency which is an electronic asset and can operate world wide for the benefit of the global community..The bitcoin originators intention was to provide a strong currency which can be operational world wide for spending their daily requirements of the humanity.Bitcoins features are ensuring its credibility for accepting bitcoin as a major investment tool,day trading,Daily shopping and even for the payment of the domestic service bills etc.Due to the above reasons bitcoins are attracted by the global community and hence it plays a vital role in the economy. of a country.
I think that not yet, it's a perspective tool and it may give a big influence to the world, but currently it is on its "baby stage".
That's right, Bitcoin aren't fully established nor it is accepted the people, it looks like there is a large numbers of people opposing bitcoin as they think that it could ruin our economic system which is not. Anyway, we can't blame them to think like that and force them to believe crypto, the only thing we can do is to continue spreading of bitcoin information's and it's usefulness in the future. 
The role of Bitcoin in the economy is not so important, it is just an instrument or an economic medium, all dependent on how to use it or operate it, Bitcoin is used to improve the lives of a person so as to lift the economy in a country.
Though it won't contribute a lot into the our economy but it is a big help for everyone to have a good investment and resulting of having a better life. Possible it could be recognized by the people around once government will give full support into Bitcoin and the entire crypto community, and it could build trust from investors to put their money into Bitcoin. 
It’s questionable... it does affect the economy but we can’t know for sure in what way. I think it’s hard to tell how big is it’s influence.
it is possible that bitcoin can be play as important role to help people on the particular countries and currently bitcoin already help people from third countries because usually the people which come from those countries does not have jobs or unemployment and they were seeking new jobs to survive their life and fortunate they were discover bitcoin
That’s right. Bitcoin probably solve many problems related to economy. We all know that it’s not only an extra job but also an temporary job for almost all people around the world which helps us to earn an extra income and even a big benefit to pay for goods or services in life. I strongly think that bitcoin may partly solve the job for people better than government. Moreover, in crypto market, we know that we are pretty free with what we do, especially government can’t control our money. Thus bitcoin and many more cryptocurrencies deserve have support and it completely play an important role in our life. 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.
Yes, if the state wants to examine more deeply about cryptocurrency, surely they will benefit greatly .. there is more that need to be learned by the countries, that is Blockchain technology ..
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.
I totally agree, one of the reason why the government is against crypto is decentralization, there is no way for them to tax it. However, it is true that cryptocurrency can open a lot of opportunities which can even help a country's economy by offering business and job opportunities to it's people.
Bitcoin can definitely turn around the economy but just like others in order to to reach their goal it will require hard word determination and knowledge. More people are now adopting crypto as investments but in the future when more projects succeed using blockchain technology then there will be a good outcome that users will benefit. If some governments agree to legalize Bitcoin and many exchanges go to their country, create jobs, work as part of further university building, support industrialized agricultural projects
Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies
I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the unemployed people. Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes
yes you are right bitcoin start to play with the price conditions and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.
I think these same people will never pay their taxes when they do other things so the economy does not change because of them.
just because some people do not pay their taxes when trading bitcoin and cryptocurrency does not mean that bitcoin affects the economy of the whole country!
The government will not support bitcoin because some whales are already manipulating this technology and the government has no control on them. If only the bitcoin will spread the ownership around the world, then the whales can't control this and more people will get benefited with the profits and help the economy.
When a government allows bitcoin to be one of their legal currency, there must be nationwide use of the cryptocurrency before it can cause an effect in the economy. It may play an important role in the country's economic progress through transaction taxes. But the monetary authorities have to find effective ways on how to deal with bitcoin's volatility and rapid fluctuation.
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.
Actually, cryptocurrency is one of the reason why there are a lot of people who can cover up their financial problems but it has a disadvantage on the government because they will not place money on the banks and government will lose a huge amount of funds since they are getting it from the taxes.
With the growing bitcap marketcap, I'm sure that bitcoin is a better thing in improving the world economy, but unfortunately big obstacles are happening because many countries are banned bitcoin.
Bitcoin have a vital role in economy because Bitcoin very helpful to unemployed and also to employed people. It is a big help to get extra income to support their family needs.But even it help many life government don't see the advantages of having Bitcoin because for them they can not get taxes in every transaction in Bitcoin.
Given the fixed production schedule for bitcoins, ultimately, the block production rewards will be reduced to zero, and the network will have to be provided through transactional fees. A network with "low" tariffs is a network with a small degree of security, prone to external censorship. Those who advertise low commissions of alternatives to bitcoin, unconsciously describe the weakness of these so-called altcoins.
I think if bitcoin wants to be something acceptable to the government and to be an important role in the economy. Certainly bitcoin will be set up so well by the government as it is taxed in every use.
Yeah your right, BITCOIN BTC plays a vital role in the economy because of its number of users compared to other ICO's which we called it a fiat coin in cryptocurrency market. This coin will rise its value by means of number of investor that play the economy for further development and advancement of technology which serve as alternative way to upgrade the banking system with the support of cryprocurrency in the future.
Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.
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