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Topic: Bitcoin plays a vital role in the economy - page 11. (Read 2338 times)

jr. member
Activity: 49
Merit: 1
Crypto have changed the way we view economics cryptocurrency entrepreneurs have found ways to tokenize everything from time to real estate. What struck my attention most though is the tokenization of power. Commoditizing power is nothing new the idea has been around as long as electricity itself and the liquidity of this market led to great infrastructure development in the  •United States • and abroad. .
full member
Activity: 378
Merit: 100
ApolloX
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".
full member
Activity: 560
Merit: 107
For me, yes bitcoin plays a crucial role in the economy especially in the future if this cryptocurrency becomes legal and accepted by many people. We all know that many people are now using bitcoin into their transaction and daily expenses. Many users are now earning an extra income that they use to pay the bills and this bitcoin giving or help that economy even people need to convert their cryptocurrency into a real currency so that they can use it because most of the establishment don’t still accept bitcoin as payment. But if bitcoin become legal or much acceptable in the future, I’m sure that bitcoin has a massive role in the economy, especially in our transactions.  Smiley
newbie
Activity: 98
Merit: 0
Cryptocurrency has become a great market!
The boom in the blockchain has made many people investing in stocks invest in cryptocurrencies. The cryptocurrency industry has become a new investment hotspot! Cryptocurrencies also provide new employment opportunities! Contribute to economic development!
member
Activity: 322
Merit: 10
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.

Yes because of bitcoin and it will happen only when people stop working and rely on bitcoin only, in that way people will affect the economy because it will break down the man power. This is what i think.
It is men’s power which makes bitcoin alive and it rises because we uses it, if people will stop investing into it, then it will not even chance the price, but we use, we invest because we know how much profitable bitcoin is, our economical life is getting better with bitcoin investment and it helps us to have all facilities in life without any discrimination, as everyone is equally able to get benefit from bitcoin, because of which now only few percents of people are remaining poor in my country.
member
Activity: 238
Merit: 30
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.
member
Activity: 322
Merit: 10
Crypto currency bitcoin appeared in 2008. It was considered an alternative to the existing banking system. This was the first decentralized means for making money transfers, without the control of the state or private organizations. But in the early stages of development, bitcoin was not sufficiently in demand by users. Businessmen and investors were not interested in the novelty, considering it a strange development - useless and hopeless. Those few who prophesied bitkoin great future, often ridiculed. At best, they were called dreamers and optimists.
newbie
Activity: 168
Merit: 0
even though bitcoin is speculative in nature still the demand for bitcoin and concept behind Bitcoin has a tremendous response all this leads to growth in economy
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
Bitcoin plays an important role in the economy that he thinks is very true, and many people have been helped in economic matters with bitcoin and in any case that is included in financial matters.
and bitcoin can make them better and their lives make better than ever.
full member
Activity: 532
Merit: 132
in the coming future, the financial world will see the important role of bitcoin and other cryptocurrencies role in the economy and it is positive move with the help of Bitcoin we can expect more jobs and business and profits for country economy
Exactly, the importance of the cryptocurrency it's too high for our world, especially in this generation and the next one. Bitcoin and generally cryptocurrencies can help a lot the economy of some countries, also it help people to make an extra money, so poorer people can get at least the chance to get some bitcoin and live. I think if bitcoin will be supported for more than 80% of the countries of the world, it will be awesome, bitcoin value will be so high and we can expect from this time more job and business.
newbie
Activity: 154
Merit: 0
Yes I think so. bitcoin can be used for state income in the presence of tax in each transaction using bitcoin. seen from bitcoin enthusiasts every year, bitcoin has increased daily trade volume. can imagine how much tax revenue in a year if the state implements tax rules in every bitcoin users.
newbie
Activity: 266
Merit: 0
in the coming future, the financial world will see the important role of bitcoin and other cryptocurrencies role in the economy and it is positive move with the help of Bitcoin we can expect more jobs and business and profits for country economy
newbie
Activity: 252
Merit: 0
In Japan bitcoin drive good figure in Japanese economy and even in Russia as well so bitcoin is economy booster and Malta is most user-friendly country for blockchain asset followed by Gibrator so many country are adopting blockchain to improve their economy
sr. member
Activity: 1610
Merit: 294
www.licx.io
it seems that bitcoin can not be a vital influence to the existing economy because I see the world economic conditions are very large and bitcoin can not yet if to affect the world economy, maybe bitcoin should be equivalent to the new dollar circulation could affect the world economic conditions.
member
Activity: 322
Merit: 10
For the moment, maybe it does not have a very big role, but in the near future, the economy will be in a position to give direction. It really has a lot of potentials, but most people do not realize it.

Bitcoin does always have the vital role in every countries economy because most of the people who are earning cryptocurrenncy are becoming rich by just investing a decent amount in the market and start trading, so we can say that cryptocurrency is one of the way in order to be financially stabled.
member
Activity: 322
Merit: 10
For the moment, maybe it does not have a very big role, but in the near future, the economy will be in a position to give direction. It really has a lot of potentials, but most people do not realize it.
newbie
Activity: 112
Merit: 0
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 think Government considers very high bitcoin prices while difficulties with bitcoin taxes, so the government needs time to accept bitcoin.
Bitcoin is not a fiat currency with a legitimate status in any country, but it is often still bound by the tax liability rules regardless of the medium of money used.Government should accept bitcoin to take taxes. That's in my opinion.
newbie
Activity: 95
Merit: 0
perhaps bitcoin becomes an important role in the country's economy if the government accepts or legalizes bitcoin. if in the family, bitcoin has become a very important role in the economy, if they play a role in bitcoin.
jr. member
Activity: 112
Merit: 1
This is very true because all altcoins are traded against either BTC or ETH so any change in their prices affect the price of all other coins.so btc actually has effects on the price of coins.So it affects the economy greatly.
full member
Activity: 420
Merit: 100
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 bitcoin plays a vital role in the economy, most of the people today are placing money on the banks but as soon as bitcoins become popular then most of the people prefer to invest on cryptocurrency more than placing their money on the banks and government soon to feel some the changes on their funds since they are getting it from the taxes.
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