I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering
Bitcoin is highly volatile and can not control by any one. Fiat and bitcoin and never live with each other. If you once use bitcoin you'll never use your fiat because its tax free and no one want to give any taxes.
Topic: Can Bitcoin really stabilize any country's economy level? - page 10. (Read 2623 times)
As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
Bitcoin can improve the economic state of a limited group of people, but I don't think it can substantially change the situation of a whole country. GDP is mainly formed by goods and services produced by the citizens while bitcoin is not used so heavily in specific countries so as to rapidly make its economy flourish. As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
I cannot see how. Not everyone have bitcoin, not all are knowledgeable on cryptocurrency and if incase they are, not all have the means to acquire. For your question to happen, the government has to accept, legalized, rule over and regulate bitcoin but it cannot be. Bitcoin is decentralized and it cannot be controlled by any entity so i cannot see a reason how. Not a country but to some individuals i believe it will stabilize them economically.
Correct, bitcoin will help some people, people like us that have adopted the cryptocurrency when it was still cheap, it is impossible that bitcoin helps everyone because it is impossible for a currency to help everyone, it seems people forget some of the more basic elements when it comes to investing, one of the most basic is that not everyone wins, I would like that everyone could benefit out of bitcoin as an investment but that is not going to happen.There are going to be some that are going to get the greatest benefits and among them the early adopters have been the ones that benefited the most out of their bitcoin holdings, while those that buy bitcoin out of desperation when the economy is crashing will not obtain many benefits if any.
Now this question cannot be answered, and there are many uncertainties in the future. In theory, cryptocurrencies will co-exist with traditional currencies and they will become friends. The traditional currency will not disappear but will depreciate. The US dollar may be one of the most depreciating currencies in the next 30 years.
I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering
Bitcoin is highly volatile and can not control by any one. Fiat and bitcoin and never live with each other. If you once use bitcoin you'll never use your fiat because its tax free and no one want to give any taxes.
I think this allows you to use an additional reason to attract the best minds in your country
people that join in bitcoin, high percentage will success. i mean, they must know all about crypto, you must know about the point of bitcoin.
government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.
By investing money in bitcoin people will be able to make some extra money and when people have money, they will definitely spend it in their local markets and when money is in circulation the whole market will grow up and to the top government will face no financial hurdles. They can easily improve their economy and the overall country will rise just because of bitcoin.government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.
As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
No I think not, Bitcoin is just a tool to do it, but the person who really can make their country and better way is their people in their. But I guess we can have less corruption when we use cryptocurrencies.
That's difficult to say. Which economist can predict that would have my respect. But I feel that Bitcoin has a stabilizing influence for sure. Just remember the recent Argentinian inflation crisis when Bitcoin was able to help people who possessed it? This is what attracts me to the currency. It came to the rescue when nothing else did.
Yes and No because it depends on how countries handle or uses the bitcoin like many comments stated above I cant see how or when will this happen but who knows in the future bitcoin maybe the hope of some country to stabilize their economy and make it grows organically with transparency.
I don't think it will work because bitcoin price movements will also never be stable so it is impossible to make the economy in a stable country, it will definitely have price movements and the ups and downs of prices will occur quickly if the bitcoin supply runs out of supply.
people that join in bitcoin, high percentage will success. i mean, they must know all about crypto, you must know about the point of bitcoin.
government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.
By investing money in bitcoin people will be able to make some extra money and when people have money, they will definitely spend it in their local markets and when money is in circulation the whole market will grow up and to the top government will face no financial hurdles. They can easily improve their economy and the overall country will rise just because of bitcoin. government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.
I cannot see how. Not everyone have bitcoin, not all are knowledgeable on cryptocurrency and if incase they are, not all have the means to acquire. For your question to happen, the government has to accept, legalized, rule over and regulate bitcoin but it cannot be. Bitcoin is decentralized and it cannot be controlled by any entity so i cannot see a reason how. Not a country but to some individuals i believe it will stabilize them economically.
Bitcoin stabilizing an economy? I won't buy this idea. I think bitcoin can only contribute to stabilizing an economy but not making the economy stable alone. Bitcoin cannot stabiloze an economy alone because of its level of volatility. Bitcoin is not stable itself. What it can do is to contribute to an economy's stabilization once btc value reaches its peak.
Besides do we really want bitcoin to stabilize the current economic system? We know the current system is rigged and all the benefits go to a small number of people that are powerful and that have connections with politicians and bankers, why we will want to keep the system stable for them? If the current system collapses I'm fine with that because that will give us a chance to create a better system that is fair.In fact it is very likely that bitcoin is going to increase the instability of the system because as people begin to recognize that the system is collapsing they will try to find some way to not lose everything and while there is a strong possibility that many choose gold some will probably choose bitcoin as well.
As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
As what i have seen today and also you include the FUD, hacking, and stealing of Bitcoin through different exchanges, i think we will have to fix this problem first before proceeding to that question if Bitcoin really has the capability to change economic issues.As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
Let's not push things first because it will takes a lot of time to make the process with lots of trial and error before we could get the almost perfect answer for any country's economic crisis.
On my own thought, bitcoin can help to stabilize any country's economy level because people may exchange their bitcoin into a fiat currency. So, paying or buying goods (tax included) within a country can help a lot to stabilize once economy.
As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
If bitcoin system implemented on monetary system, i am believe government can control the inflation. With controlled inflation, peoples asset not decrease on the value and it will increasing wealth
I don't think so. I think not everybody can fully understand how bitcoin works. bitcoin has its own advantages and disadvantages and I think if it can stabilize any country's economy level but I also think that it has negative side effects.
We cannot really say things with just analyzing it without proper proofs. Thing may happen but it may not. But then it has a point telling that Bitcoin has negativity and positivity. We can say that there is a chance but then it night be good or bad. I comprehend stability when people do work and consume what they work for.
I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering
Bitcoin is highly volatile and can not control by any one. Fiat and bitcoin and never live with each other. If you once use bitcoin you'll never use your fiat because its tax free and no one want to give any taxes. 
Currently, it will not help to improve the economy. There is even a danger that because of its volatility, it can disrupt the economy.
The volatility of crypto is due to the trading on markets. Honesty bitcoin has been very stable the last few weeks even if you consider yesterday's pump and dump. The average swing in prices is around 10% and thats not going to differ much for those who trade small volumes of crypto. If we consider an economy where bitcoin is the only source of money then volatility will not be seen in bitcoin but in other altcoins. In other words I believe bitcoin could be considered as a stablecoin in such a hypothetical situation.If really many people start using Bitcoin, they will improve their life. Probably, it can be taken as an effect on the economy. However, I think only the government can improve it.
I dont understand why people keep hoping governments to improve bitcoin. They wont because its not something they want. People should stop day dreaming. 
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