Topic: Can bitcoin improve the economy of a country? - page 20. (Read 52289 times)
As of late in my nation jobless individuals have more prone to pick procuring bitcoin instead of physical employment since they should simply just remain at their PC and they can beginning to gaining bitcoin with numerous path, for example, exchanging or whatever else so even not huge impact but rather bitcoin has help them for their financial side and in a roundabout way bitcoin additionally as of now enhance the economy in my nation.
The widespread introduction of bitcoin into the economy is not the reason for its improvement. On the contrary, the distribution of bitcoin is a consequence of the country's strong economy. The better the economic situation, the more active people use crypto currency.
I think it can help lessen the people who doesn't earn or the unemployed,
They can earn through this crypto currency and help their family and their selves .
They can earn through this crypto currency and help their family and their selves .
Yes, it will be an excellent opportunity for unemployed people who have plenty of free time to study bitcoin.
Nope, bitcoin can't improve the economy of a country because the government does not have any control over it and it's not taxable by them. But on the good side of things, what bitcoin can improve is the lives of the people investing in bitcoin. as the prices continue to rise, so those the profit gain from investing in bitcoin.
Economy will become better if bitcoin will be adopted by some region and those regions who are using it already are enjoying economic stability and I think that bitcoin can play a vital role to improve economy because its prices are going up and up ad this thing is much needed for economy to rise so those regions who are suffering for economy problem they must accept bitcoin and implement this to get benefits out. Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think it can improve the economy, only if a lot of people use it and make payment with it. But also it is dangerous for country cause it is under control.
I think it will help the economy because it will generate more people to invest at the same time it will also get people to earn extra income. If it people to invest and trade then there will be a lot of opportunity to generate extra income.
I believe that bitcoin is economically independent from the government as we're not taxed with every transaction we have on bitcoin. so anything from trading or any transaction made in the cryptoworld, the country is not part of it whether it's citizen get rich from it or not. What makes bitcoin improve is the lifestyle of the people using it, giving them more option in life.
Yes, many third world countries, many African countries whose economies are disturbed by civil war, economic crises are thanking cryptocurrencies. These decentralised currencies helping them to trade independently. Bitcoin trading and bicoin related activities like signature campaign can be done from any part of the world provided availability of electricity and internet connectivity. These activities gives good returns. So bitcoin not directly improves economy of any country liks USD but can help people to improve their income level by working for bitcoin industry.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
For sort team yes, long term no.
If people of a country buy bitcoin, keep it for some years and then sell it this will help the economy of a country by getting the money of other people..
Bitcoin is not a real asset, is a system that its price is fixed in how much electricity is going wasted + Hardware of miners + the tip they get after every block they found.
Bitcoin can not live without fiat currency, therefor can not be used for ever, it has an expired day.
Only a token economy can help a country which mean a whole new economic system for that country.
Nope, bitcoin can't improve the economy of a country because the government does not have any control over it and it's not taxable by them. But on the good side of things, what bitcoin can improve is the lives of the people investing in bitcoin. as the prices continue to rise, so those the profit gain from investing in bitcoin.
I believe it can improve the economy of a country and at the same time destroy the economy of another. Some countries will be using it as a rip off, not every country will benefit from it. There are major countries that benefits a lot from it, while the rest makes only loss. I believe that’s the reason some countries declares it illegal and also bans it. Not really sure how things are being calculated base on country’s economy, this is just my own thought.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think bitcoin can improve a country's economy. due to the rapidly rising popularity of bitcoin as well as the potential of bitcoin. Everyone uses bitcoin to make payments and also transact.
I think it really helps the economy of a country since it is popular already and the transactions are easy. Bitcoins will always help people or a country’s economic needs.
I think, many factors that cause bitcoin are accepted in many countries. one of them is with the many bitcoin users and bitcoin prices that are so great. but besides, bitcoin can make it easier to make online payment transactions and it is the latest technology in the world and I think it is very safe in the transaction so that the country will receive bitcoin in the hope of improving the state of the economy from now to the future.
Can bitcoin improve the economy of the country??
Yeah, it is possible to improve the economy of the country if everybody is knowledgeable about bitcoin.But the question is bitcoin legal in your country?If it is YES, it could be a big help to improve the economy of one country.Bitcoin is an alternative source of income for those who are unemployed.And additional source of income for those who are employed.If everyone is knowledgeable about it, everyone can earn money to sustain for their daily needs.
Yeah, it is possible to improve the economy of the country if everybody is knowledgeable about bitcoin.But the question is bitcoin legal in your country?If it is YES, it could be a big help to improve the economy of one country.Bitcoin is an alternative source of income for those who are unemployed.And additional source of income for those who are employed.If everyone is knowledgeable about it, everyone can earn money to sustain for their daily needs.
Also, if there would be a lot of stores who will start to accept bitcoin as mode of payment, then it would be a great help to improve the economy of one's country. And I guess, if bitcoin will be legalized and the government will start to put a tax on bitcoin like in every transactions, then I'm pretty sure it will help improve the economy. If there would be a lot of bitcoin users in each country, then there would be more taxes they can collect.
And of course, those things will only happen if the governments starts to open their eyes about bitcoin and the benefits it can bring to the country.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think bitcoin can improve a country's economy. due to the rapidly rising popularity of bitcoin as well as the potential of bitcoin. Everyone uses bitcoin to make payments and also transact.
Yes.I think it's possible.By investing in BTC many people became millionaires.So by spreading BTC all over the country among the people one country can change their economy.
Bitcoin can improve a country's economy even if it is just a way to pay, or another currency to use which I think would not help in improving economy especially now that sometimes it can aid on tax evasion. Despite that, many people can earn big on bitcoins via investments but it can really bring harm to those remittance services because it is easier to send money with bitcoins rather than using remittance which is a source of tax collections of the government but still bitcoin can improve people's lives.
I believe it can. Bitcoin does not only work as a currency, but it serves as a back up to the fiat circulation in one country. Since people can use it for trade, investment and transaction, it can bolster the market in such a way that it can give more exchanges in the market system. Therefore, it can actually make the business connections in a country more active and vibrant.
Bitcoin can improve a country's economy even if it is just a way to pay, or another currency to use which I think would not help in improving economy especially now that sometimes it can aid on tax evasion. Despite that, many people can earn big on bitcoins via investments but it can really bring harm to those remittance services because it is easier to send money with bitcoins rather than using remittance which is a source of tax collections of the government but still bitcoin can improve people's lives.
I believe it can. Bitcoin does not only work as a currency, but it serves as a back up to the fiat circulation in one country. Since people can use it for trade, investment and transaction, it can bolster the market in such a way that it can give more exchanges in the market system. Therefore, it can actually make the business connections in a country more active and vibrant.
In those countries where economy is highly developed, I think bitcoin will not be able to change much something, even if there will be big demand for bitcoins and investments will be bigs, because there economy rises on something else, which gives more profit. But in countries where problems with economy, it is possible that bitcoins can somehow adjust it, but again if there will be demand for bitcoins.
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