bitcoin vs world economy - page 9. | Bitcointalksearch.org

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: roadwell890 on May 21, 2018, 06:18:40 PM

at the time of the G20 conference, a number of countries proposed to discuss cryptocurrency,
then, when the discussion begins, it turns out cryptocurrency is not so strong in the eyes of the world,
crypto market is only 1% of the total world economy

Well, let's see how the not so strong will end up eventually strong anyway. Yeah, we are not actually there yet and simply from the G20 conference, the whole thing was more like it should not even be perceived as a threat, at least not just yet as it is still more like a tiny piece of the global economy at large.

However, a lot of things over time will fuel its growth which would make it bigger than this, and the good thing about decentralization is that we call the shots and unless the government wants to switch off the internet completely, I am not sure how easy it would be for them to halt its growth.

Kate Beckett

member

Activity: 280

Merit: 28

State bodies are trying to take control of everything that is somehow connected with money. However, the bitcoin that appeared not so long ago, which does not have a common emission center and is not subject to supervision by any official body, falls out of this structure. Now public authorities simply can not ignore the new "player". Therefore, they are trying in every possible way to take it under control and regulate the crypto currency process.

zakariajaki

full member

Activity: 364

Merit: 103

I try to add an opinion about economic development and bitcoin or crypto comes from a combination of technological and economic developments to a saturating economic system, so it will not affect the existing world economy, will not disturb economic stability because the tool still uses the conventional currency, medium crypto is only a new form of value derived from a combination of technology that is touched into the world of economy, does not need much excessive worry, the world must open up only with the existence of such economic developments. so that intertwined harmony in social as well economic, may be useful and successful for us all

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: iv4n on May 26, 2018, 05:45:41 PM

Many people doesn't understand one country economy, how can they understand global economy, or bitcoin? In this topic there are many comments that doesn't deserve to be here, people just talk random about what they feel about all situation, without any knowledge! Many didn't even try to put some effort in searching about subject they wish to talk about.
Global economy have it's own regulations, while blockchain different ones. How they affect each other is by value and support they have. Are they in war, probably yes. Bitcoin is changing the way people see the money, and what people think about it, how they earn and use it, and that disturbs traditional people.
There is one way, technology way, that answers the question what will happen in the end.

Yeah, and I guess that technology that way that a lot of people are already seeing as the main way that sets them out from the slavery the fiat system has enslaved them over the years and seeing a better means at which they can at least spend without a third party, make transaction without the government policies affecting anything and so on.

We can still take a cue from country economy even if we are to look at the bigger picture of the global economy as the case may be.

For instance, Zimbabweans saw the need to use bitcoin as a currency and it is more like one of the underdeveloped countries we can use as a case study as to real life usage of bitcoin which is the reason why till now, bitcoin still trades above the global market price here.

mia khalifa

full member

Activity: 476

Merit: 100

it seems that bitcoin can not affect the world's finances I see fiat that can still affect the world's financial condition because fiat more widely known and widely used around the world, so I think bitcoin still can not give effect to the world's finances.

srmecdes

full member

Activity: 266

Merit: 108

If bitcoin starts again to uptrend I will not relate with world economic situation:) I waited too much for uptrend.

Rrotess

member

Activity: 264

Merit: 10

Quote from: paulk11087 on May 21, 2018, 11:20:09 PM

I do not think world economy and bitcoin are very connected. At least it is not effective in decline and rise. Bitcoin purchases may have an effect on the rise in that country, but I do not think it will lead to bitcoin if the market is in bad condition or in good condition.

And I think it depends also on the country. Bitcoin may have a big impact to our economy when there are big investors, advertisers, and a powerful countries joining it. As of now, we don't still feel the changes because of a sudden circumstances. But at least it is well known.

Arbitao

copper member

Activity: 42

Merit: 0

I think it comes down to decentralized, trustless money vs. fiat money that is controlled by some kind of authority, which you are forced to trust in. History has shown that every fiat currency fails. It either ends in hyperfinflation or gets replaced by another fiat currency before that happens. In either case, people who tried to build up savings get punished. I think it is only a matter of time until people switch to the better alternative, even the politicians themselves at some point. What is happening in Venezuela is also interesting in this context.

rocketbits

full member

Activity: 532

Merit: 101

Quote from: nickmax on May 29, 2018, 08:09:40 AM

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?

thanks for the help

Now is a good time to buy bitcoin for long-term storage. I do not think that the states will be able to come to a common opinion about the crypto-currency. If they ban in one country, in another country they will be allowed. Bitcoin is gaining great strength and it will not be so easy to win.

Bitcoin contributes to those economies which are working or using Bitcoin as a source of economy and getting the benefit from Bitcoin up to great extent and that is why more countries are adopting Bitcoin and using it as a source of investment that make the economy better. Another major assumption has seen and observed by comparing the economy rate of both fiat and Bitcoin but result the most benefit from Bitcoin.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: stellgod on May 31, 2018, 02:04:32 AM

Quote from: Chrystora123 on May 26, 2018, 06:17:42 PM

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone
I'm pretty new to all of this and thinking about buying some bitcoin.
I have some concerns about the world economy influence on bitcoin.
For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?
do you think Bitcoin is strong enough at this point to be self-sustaining?
thanks for the help

I wonder why many people still think that Bitcoin is influenced by the world economy...from the beginning there Bitcoin is stand-alone, by simply relying on the community, Bitcoin succeeded in becoming big as it is today.
so, rising and falling its Bitcoin price is very reasonable, it denotes there are a buying and selling activity of Bitcoin...

The Bitcoin helps in making the people financially strong and can help any government in the betterment of economy of the country and is independent of country as any country can use Bitcoin if adopts. This adoption of Bitcoin helps a country not to waste the budget on the manufacturing of paper notes and will make a country able to save huge amount, this is the start of Bitcoin that helps a country to save money and the future investments will benefit too.

Let’s take an example or let’s suppose if a country adopts Bitcoin which is a valuable currency and another country has its own fiat currency which is less valuable than the Bitcoin, the yield or output of both the countries using their currencies will produce two different economy rates. The economy rate if valuable currency is more than that if less valuable currency which is a general saying too. So any valuable currency if adopts by any country of if the whole world adopts it then the economies will be better than that of economies from old and traditional way.

stellgod

full member

Activity: 659

Merit: 101

Quote from: Chrystora123 on May 26, 2018, 06:17:42 PM

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone
I'm pretty new to all of this and thinking about buying some bitcoin.
I have some concerns about the world economy influence on bitcoin.
For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?
do you think Bitcoin is strong enough at this point to be self-sustaining?
thanks for the help

I wonder why many people still think that Bitcoin is influenced by the world economy...from the beginning there Bitcoin is stand-alone, by simply relying on the community, Bitcoin succeeded in becoming big as it is today.
so, rising and falling its Bitcoin price is very reasonable, it denotes there are a buying and selling activity of Bitcoin...

The Bitcoin helps in making the people financially strong and can help any government in the betterment of economy of the country and is independent of country as any country can use Bitcoin if adopts. This adoption of Bitcoin helps a country not to waste the budget on the manufacturing of paper notes and will make a country able to save huge amount, this is the start of Bitcoin that helps a country to save money and the future investments will benefit too.

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

bitcoin makes its own value and does not depend on any financial condition. while the world economy depends on the state of other countries because of cooperative relations, for example inflation and deflation in the country's currency against the dollar.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Ishiro5 on May 21, 2018, 06:50:50 PM

Bitcoin is evolving, and as popular as it seems, we are still at the early adoption stages. It will certainly revolutionalize the world's economy by changing the game for the government and people of the world.

Obviously it will. Look at the way things may be going with the fiat system and economy simply crushing somehow with inflation. To me, bitcoin may actually be perceived as the digital gold which is going to be saving the day in that case. I am sure just like you said, it is too early to start seeing it as a huge part of a huge economy in the global perspective, but I believe over time, it is definitely going to be and government would not have a choice than to let it be.

Bitcoin is the community and as long as there would keep being supporters who see the dire need of it in their daily lives as currency, I do not think it would be that easy for any government to just want to fall that apart and as long as we are not divided among ourselves as well.

The thing here is that if government could screw the whole thing up, they would have done that and the more they keep making attempt, the more it just keeps growing and exposing the fiat loophole which decentralization is causing to the whole world. I do not feel the world economy is centered around bitcoin anyway.

laravuemaster

full member

Activity: 378

Merit: 100

When Football meets Crypto

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?

thanks for the help

Bitcoin can improve the world economy if every country will use cryptocurrency in their place because people can use bitcoins for their daily needs since the price is keep on increasing and trading will be very profitable for everyone.

doni ali

newbie

Activity: 140

Merit: 0

what is bitcoin and world economy .. if someone can understand bitcoin we can compare with world economy. how to deal with it all .. clever course we how to set it

stepwilli

sr. member

Activity: 1045

Merit: 273

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?

thanks for the help

As long. As Bitcoin is being accepted in your country, then you have no problem with it at all and can use it for most of the things you need including making transactions to any location where is also accepted, buying things online (just lie cars, home appliances etc), selling and using it as a mode for receiving payment. By the way, I don’t think the U.S government is against Bitcoin, although if they see you making use of it openly, they might confiscate it and even arrest you.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: Chachen19 on May 29, 2018, 03:38:54 AM

The more economically liberally water it is, the richer it is, some countries do not accept Bitcoin. These non-free regimes play a part in creating poverty for their people. Freedom and prosperity coexist. The smart government will continue to support Blockchain and virtual money. Virtual money will continue to create more efficient markets

Bitcoin has great potential to alter the world economy in a right direction. It can really upgrade the system to the next level if it is given a chance to expand in the countries that have banned the technology. Some of the countries have been using Bitcoin in their top companies as well and is accepted widely as a medium of exchange and for general acceptability.

Pinoyfan

member

Activity: 308

Merit: 10

Quote from: TomFord593 on May 20, 2018, 09:00:12 AM

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?

thanks for the help

World government would probably win cause we all know that the biggest enemy of bitcoin is government. What if all of country ban bitcoin how does bitcoin.works ? In deepweb again. So bitcoin will not be currency afterall it will stay as a cryptocurrency. So I chose government cause they will win

trako

hero member

Activity: 756

Merit: 505

The world economy affects bitcoin. But bitcoin is not big enough to affect the world economy. The view of the world is in this direction. I think that bitcoin does not have enough volume and it depends on the world economy.

brotherwood12

member

Activity: 686

Merit: 30

if US do like that , i think that will affect to bitcoin and for sometime bitcoin will down
but after that it will go rise again , as i see since 2017

Topic: bitcoin vs world economy - page 9. (Read 2599 times)