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Topic: Can bitcoin improve the economy of a country? - page 4. (Read 52298 times)

legendary
Activity: 1008
Merit: 1000

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?
Possibly it can be if and only if Bitcoin users among that certain country will use their Bitcoins responsibly to come up into a desirable one to contribute into the growth of their country's economy. Bitcoin will not certainly do manage to rise up of the country if people will not do any actions about it because the economy is not that directly being affected by Bitcoin since people are the one who manages and uses it for different purpose.
Currently, the government can take advantage the educational level of the cryptocurrency user to earn tax through exchange. You have to know most of the exchanges are needing to verify KYC to register account trading or at least have more capacity to withdraw money from exchange. That's the advantage of the government at current.
full member
Activity: 273
Merit: 100

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?
Possibly it can be if and only if Bitcoin users among that certain country will use their Bitcoins responsibly to come up into a desirable one to contribute into the growth of their country's economy. Bitcoin will not certainly do manage to rise up of the country if people will not do any actions about it because the economy is not that directly being affected by Bitcoin since people are the one who manages and uses it for different purpose.
member
Activity: 626
Merit: 10

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 me in my country lots of people use bitcoin and they think also that it help country's economy. Bitcoin is big helpful economy if other don't see that because some bitcoin user have earn are no jobs it will help to them.
sr. member
Activity: 419
Merit: 250
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.

Yes I agree.  Bitcoin can improves the economy of a country.  Like you said if they will not ban bitcoin and let people use bitcoin.  Many people will benefit from bitcoin and will have a good life.  Because of this, there would be less people who will have no job or source of income.
I do not know what is the job Bitcoin can give us? Because Bitcoin is only a currency, a new payment method for the world and we are just working some task on this forum and receive salary through Bitcoin or Altcoin. You can not say these jobs are the Bitcoin's job, IMO.
A currency but which helps to a new form of payment and transaction sentiments. Its not a job its only a part time of your time to spend after your real job outside internet or connections in forum, trading is a business like stocks. For improving an economy i can't further see what it will go but the nearest things are upon the regulations and how government will use it properly.
First of all, this field won't create more money for the world, it's simply transfer money from trader to trader, from noob trader to professional trader, from small country to large country (LOL Grin). Like other markets, it has high competition and the volatility of this field can kill any newbie.
hero member
Activity: 658
Merit: 500
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.

Yes I agree.  Bitcoin can improves the economy of a country.  Like you said if they will not ban bitcoin and let people use bitcoin.  Many people will benefit from bitcoin and will have a good life.  Because of this, there would be less people who will have no job or source of income.
I do not know what is the job Bitcoin can give us? Because Bitcoin is only a currency, a new payment method for the world and we are just working some task on this forum and receive salary through Bitcoin or Altcoin. You can not say these jobs are the Bitcoin's job, IMO.
A currency but which helps to a new form of payment and transaction sentiments. Its not a job its only a part time of your time to spend after your real job outside internet or connections in forum, trading is a business like stocks. For improving an economy i can't further see what it will go but the nearest things are upon the regulations and how government will use it properly.
newbie
Activity: 119
Merit: 0
I think if a country take advantage of the potentials of Bitcoin, it can help the economy of a country.  Simply by legalizing Bitcoin or acknowledging it as money and  encourage Bitcoin start-ups to start, it may attract lots of company and investors to venture a business such as exchanges or online shops based in its country.  The government then can earn from taxes thus increasing the country revenue which can be use to enhance and improve the countries economy.
I think it can, by gaining in what they invested in such thing. BTC will get higher and getting positive chances that economy can improve. If only government will agree in every steps Bitcoin do. Everthing will be easier as we use btc we can invest and even buy things online,though it'll take time to assured that the government will agree in every country.
member
Activity: 300
Merit: 10
I'm not very strong in the economy, but bitcoin helped me to cope with my financial needs so I think he could change the economy for the better
newbie
Activity: 84
Merit: 0
Maybe yes bitcoin can improve the economy of a country but it depends in the way how the government will handle it
newbie
Activity: 126
Merit: 0

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?
It can but it depends to the user how they can manage and understand very much about bitcoin world
newbie
Activity: 69
Merit: 0
I don't think so. Economy usually is affected by natural resource and work that is available for the population.
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.

Yes I agree.  Bitcoin can improves the economy of a country.  Like you said if they will not ban bitcoin and let people use bitcoin.  Many people will benefit from bitcoin and will have a good life.  Because of this, there would be less people who will have no job or source of income.
I do not know what is the job Bitcoin can give us? Because Bitcoin is only a currency, a new payment method for the world and we are just working some task on this forum and receive salary through Bitcoin or Altcoin. You can not say these jobs are the Bitcoin's job, IMO.
newbie
Activity: 112
Merit: 0
bitcoin can be the solution to a country economy because people attention is being converted to the direction of bitcoin . It has change many people life which end up affecting the economy of the nation
hero member
Activity: 854
Merit: 500
I think that bitcoin easily can make it. When government losing taxes they trying to improve everything or just banning bitcoin. So it's just a coin flip Grin
hero member
Activity: 994
Merit: 544
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.

Yes I agree.  Bitcoin can improves the economy of a country.  Like you said if they will not ban bitcoin and let people use bitcoin.  Many people will benefit from bitcoin and will have a good life.  Because of this, there would be less people who will have no job or source of income.
member
Activity: 364
Merit: 10
Yeas it can. Now most of the educated guys have to wait to get a perfect job for him at every country and who has hot that they does only physical job. If the unemployed people starts to deal with bitcoin then they have the good chance to earn money from there and for that reason the country where hi/she lives that country also will have that mone so the economy will be increased and developed.
It is same for the employed person also.

They can earn more money from bitcoin and that will help him and his country also. Money from different country is always effects on that country where that comes. Bitcoin is the most valuable coin and people can earn highest amount of money from there and that will effects on every country for sure.
member
Activity: 336
Merit: 10

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?

Legalizing bitcoin by many countries would be great yet improvement on the other hand will still depend on the people indeed. It is profitable but only few know how to. So it can not change one's country into a richer one unless people know what is discipline. Godbless bitcoin!
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.
In my opinion, it cannot really affect the whole country and its economy if they will legalize and accept bitcoin as a legal currency because fiat will be still the centered of transaction for the transferring and also payment of different exchange like import and export so bitcoin will be just an option for the government to work with and use it as a mode of payment.
member
Activity: 163
Merit: 10
Yes true, with bitcoin then all the transaction becomes faster and cheaper, I'm sure if bitcoin applied legally then make improve the economy of a country.
Exactly, I think bitcoin can help our economy by means of having a faster transaction. I think not only the economy of the country will improve also the people who lived in that economy who used bitcoin because we all know that bitcoin is another source of income and it can change your life. It only means that bitcoin is very usefull for us human.
full member
Activity: 532
Merit: 100
Of course it absolutely possible, the first thing need to do is the country doesn't ban bicoin,  furthermore if the government can easily work together with bitcoiners. Well,  thats just my perception and I hope it'will happens in my country. Actually we can do better if this happens.
member
Activity: 308
Merit: 10
I dont think so bitcoin is not that popular like any other currency even tho it is the highest value in the crypto currency. but not all of the people know about this bitcoin, so this bitcoin can't improve the economy of country but i think someday will.
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