Topic: Bitcoin plays a vital role in the economy - page 23. (Read 2363 times)
I do not feel that bitcoin has an important role in the economy, since bitcoin is only able to absorb 1% of state finance. so I think bitcoin does not play a role in economic growth
The Crypto money market is one of the big stock exchanges. It is a market where there are huge investments of money. A popular stock market world where large amounts of money come in and out and prices are constantly changing.
With Bitcoin this market came into our lives. The contribution you make to the economy can not be denied.
With Bitcoin this market came into our lives. The contribution you make to the economy can not be denied.
Just the opposite, currently Bitcoin doesn't have some significant role in official economy. The reason for that is the fact that in most of countries Bitcoin isn't regulated and officialy recognized so the money flow that goes with Bitcoin isn't registered and counted anywhere in state economies.
So the economic effect of Bitcoin whether for individuals or some rare companies that use it limited for them only without any impact on the economy of state. Hope this will change in the future but for that we have a long road to go.
So the economic effect of Bitcoin whether for individuals or some rare companies that use it limited for them only without any impact on the economy of state. Hope this will change in the future but for that we have a long road to go.
yes I think bitcoin may one day be an alternative payment and it should be very influential on the economy of an area and why at the moment many countries are refusing bitcoin to be a legitimate paying tool 
Not every country is going to accept it and many might even ban it thus only few countries which has or will accept it may treat it as an alternate payment method and can introduce or accept in entire country as a payment mode.
I wish that the leader in developing countries could understand the benefits of bitcoins. But sadly they are concerned about their own interests and promote projects which give them some commission.
i thing bitcoin plays a vital role in a country economy, because it open up global market to that nation economy.
yes I think bitcoin may one day be an alternative payment and it should be very influential on the economy of an area and why at the moment many countries are refusing bitcoin to be a legitimate paying tool
Bitcoin is just the innovation which optimizes the traditional way of transferring the funds. It depends on the traders/users from the country that how they are using it for the amplification of their growth and so that the growth of the economy. We are still in the basic phase of development and there are infinite opportunities out there and thus I believe that governments should have a broad approach towards it.
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 bitcoin can make more people more independent for those involved. but not to change the economy of a country. you should see a comparison scale in the community. of course, only a few percent of every population in a country is involved with crypto.
I agree with this part. If the Vietnamese government allows the legalization of Bitcoin, it will become stronger. Bitcoin plays an important role in the economy.
Bitcoin plays an important role in the economy. It will become stronger every day.
bitcoin doesn't play a vital role in the economy, but it can. there is a difference between these two statements! bitcoin like anything else can be like a tool that some people use to improve their lives, economy,... and some others ignore it and don't use it for anything.
for example the adoption that happened in Japan led to a huge economical change because of all the jobs that were created and also the revenue of the merchants that was increased because of it.
for example the adoption that happened in Japan led to a huge economical change because of all the jobs that were created and also the revenue of the merchants that was increased because of it.
Indeed. I would add on this one in little different way. I mean bitcoin is just part of the virtual economy which is getting partitioned with so called virtual world and real world barriers. I mean there are hundreds of ways to hide the assets in the form of bitcoin and government cant even track back anything. This one is important because if government do not track anything then they cant get the taxes filed for that much money, investment, assets etc. Thus the fiat goes only in one direction and takes out the economic balance from real world. This can happen on minor level but with the time the effect could be major one.
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.
Dont be exaggerating on this one,yeah we know how bitcoin moves and how beneficial this is,but lets not forget that governments only do what they think right for theyre country and people..its theyre obligations to push whats good for the people.
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.
Do not teshte yourself with these thoughts. For the state, crypto currency is more of a headache than a useful thing. The state can use blockchein technology to safely store large databases and use some of its functions. However, the uncontrolled process of the circulation of the crypto currency and the possibility of uncontrolled withdrawal of funds outside the state, difficult control to collect the tax, a great investment risk brings and will bring great problems to each state.Crypto currency gives freedom of financial relations and many opportunities only for citizens.
Well, if you only add the Billions of people without Bank accounts to the financial system, then the whole world will see a difference. Most of these people are living hand to mouth, because they do not have Bank accounts and rely on physical hiding places to store their wealth. Yes, many might think that the odd $1 to $10 would not make a significant impact, but if you look at the numbers involved and how many people will be added onto the demand side, then those figures are staggering.
Just think of the little informal shops and markets all over the world and all the revenue they generate daily.
Just think of the little informal shops and markets all over the world and all the revenue they generate daily.
In my views, bitcoin has contributed a lot to the economy of any nation like a sort of giving them livelihood where people can earn profit even without any investment like joining in signature bounty campaigns. It may changed the way people deal with their banking transactions or money transactions using bitcoins blockchain technology. Most importantly, people may have the option to make investments with bitcoin that could generate good profitability to the investors.
Once regulated it would surely play vital role in economy because of the taxes that the government can collect. The additional revnue collected from bitcoin will domino effect to the governments projects that would help improve the economy and the lives of the people.
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.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.
it is true, because the state that prohibits bitcoin, they do not get taxes, it's one of his problems, all can be set if the government firmly in terms of bitcoin.tapi one day maybe bitcoin is acceptable
Bitcoin has very less role in India and China economy. It needs 3,000,000,000,000 for gold price to go up by 10%.
Bitcoin it just in testing stage and may not survive the well established money system. Traders cartel is pushing bitcoin price up and down by 10%
Bitcoin it just in testing stage and may not survive the well established money system. Traders cartel is pushing bitcoin price up and down by 10%
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.
It is in the governments and politicians hands of how they convert the bitcoin useful for their country,already we know that one of the well developed country like Japan legalized the bitcoin usage and it is accept bitcoin as a form of payment so other countries also need to follow the same to get the benefits of bitcoin. Jump to: