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Topic: Do you think economical condition can be develop by the help of bitcoin? (Read 647 times)

member
Activity: 322
Merit: 12
I think there is a little impact at least, like if many people will benefit in bitcoin, there is an effect to the needs of people who enjoy the benefits of bitcoin. There are chances and open doors in bitcoin, you just have to study on what way it could help your earnings grow. If more people are able to earn more, it has a good impact to the daily life and to the economy as well
sr. member
Activity: 504
Merit: 250
in the digital age everyone is racing to make a big profit, yes! all very likely here blockhain technology is able to develop crypto that much sought by everyone.
newbie
Activity: 127
Merit: 0
yes of course I can, bitcoin is very influential on my family's economy.
with bitcoin I can have savings that can help me whenever I need, and even indirectly more effectively to earn money faster.
sr. member
Activity: 1582
Merit: 352
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Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
Of course it will and it depends on the performances of transactions and markets in a specific country. More investors, enthusiasts and newckmers in this industry will make the whole community boost  and if that happens taxes, and other revenues will be collected by authorities and that may help the economical condition of a country. As long as Bitcoin would help people with their way of living and slowly change their fortunes, open business opportunities which is crypto related that is how it works.
hero member
Activity: 1078
Merit: 507
I agree that Bitcoin can help in economic conditions of a country but Bitcoin usually has only 40-50% dominance over whole market, hence all the crypto market will collectively will help to improve the economic conditions of a country but for this thing to happen we need to wait for some more years as still only a small percentage of population has invested in crypto and many counties have not implemented proper rules for crypto market. So, until these things are not repaired bitcoin will contribute very less to the economic condition.
full member
Activity: 364
Merit: 100
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
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Economic condition can be developed through the help of people's taxes.bitcoint on the other hand increase the quality of life of some.maybe in the future as bitcoint progress it will change not only the quality of life but even economic growth of the government.
sr. member
Activity: 672
Merit: 253
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it will depend on the attitude of the government that is willing to accept the full existence of bitcoin. because I think bitcoin will not be able to improve the economic system if the government does not support it. so whatever the shape in terms of economic improvement of course there must be support from the government.
full member
Activity: 490
Merit: 100
Yes, definitely. Bitcoin and blockchain technology has the potential to optimize our routine processes. It results in saving time and cost as compared to that of traditional methods of transacting. If implemented on a macro level then it can give amplified returns and it will help the economy to improve the output and hence the growth of it will also increase. We can definitely use this technology for the improvement of the economy on a larger scale.
in any case, the crypto currency is now very much being introduced into all spheres of human life. In many cases, this cooperation positively affects the sphere of services for people, as well as the economic situation individually and for each country separately.
As there are a lot of countries who have different economic condition some are earning good as saving and some are poor about it. But I think bitcoin is the most amazing thing about making economy well than before, in my place economy of my country is based on crypto currency and I am sure our bitcoin  is gonna support us to develop our situation of country day by day.
sr. member
Activity: 714
Merit: 251
Yes, definitely. Bitcoin and blockchain technology has the potential to optimize our routine processes. It results in saving time and cost as compared to that of traditional methods of transacting. If implemented on a macro level then it can give amplified returns and it will help the economy to improve the output and hence the growth of it will also increase. We can definitely use this technology for the improvement of the economy on a larger scale.
in any case, the crypto currency is now very much being introduced into all spheres of human life. In many cases, this cooperation positively affects the sphere of services for people, as well as the economic situation individually and for each country separately.
newbie
Activity: 154
Merit: 0
If governments give way to cryptocurrency, i think price can go more more up. Economical condition don't intercept way of cryptocurrency. In the future we acn see only green.
hero member
Activity: 1190
Merit: 534
Yes, definitely. Bitcoin and blockchain technology has the potential to optimize our routine processes. It results in saving time and cost as compared to that of traditional methods of transacting. If implemented on a macro level then it can give amplified returns and it will help the economy to improve the output and hence the growth of it will also increase. We can definitely use this technology for the improvement of the economy on a larger scale.
newbie
Activity: 32
Merit: 0
for me bitcoin helps the economy and creates new jobs for the world community, I feel this positive impact for me, my family and my friends, Bitcoin help our economy, I am sure some people in this forum also feel the same.
newbie
Activity: 140
Merit: 0
In some countries where capital controls are tight or the risk of looting is high, the use of encrypted currency can bring more benefits to users than the use of local currency in circulation. Users can transfer property from unilateral or even malicious intervention by local authorities by encrypting the currency. Users can also avoid VAT by using bitcoin for online consumption. Since VAT is the main source of government revenue, this tax avoidance method is closely watched by the authorities.

Whether we agree with bitcoin's ability to evade government regulation or not, we can't deny that these encrypted currencies can indeed bring substantial economic benefits to users.
sr. member
Activity: 994
Merit: 251
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it is true from the past until now this bitcoin has helped the economic development in countries that have legalized bitcoin. therefore bitcoin can survive until now because bitcoin is much beneficial for economics and finance is still low
newbie
Activity: 210
Merit: 0
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.

Am i correct that your point is "Bitcoin needs  government help?"

Well , In my opnion. Yes , Bitcoin need government to make it more secure. Government must think an idea or a way to make this work secure because this is online working and we do not know what happen to the transaction in this. Like what i read , Government must take and organize a rule on online working. Because in online working theirs a lot of selfish people or should i say scam people and all they need is money , big amount of money . So guys, Becareful in scams they are many especially in online working.
Indeed , Sometimes i read people that experience scam and they are getting frustrated and depress.
member
Activity: 266
Merit: 12
bitcoin is a very useful digital currency in the future while the current use of paper money is not so good that makes bitcoin to be developed and is expected to be used to be a future payment and I believe it could be a solution in the future.

Yes, bitcoin can help develop the economy and even a whole country, but it will be hard for it to achieve this goal if the government and those who don't support it continues to serve as a hindrance to it. Bitcoin and the blockchain technology is a new technology, but some governments are moving away from it because they feel that the people are being given  too much financial freedom and financial stability through bitcoin.
newbie
Activity: 168
Merit: 0
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
Indeed,all users  of bitcoin in a different country already adopt the cryptocurrencies on their own way that makes develop their economy,bitcoin is a big help and has its own purposes and contribution to the economys better future.
sr. member
Activity: 1050
Merit: 250
The world of crypto has been very popular, with a good innovative idea to solve transaction problems. Now the problem is whether every country approves the existence of crypto in government? This is certainly an obstacle to the world of crypto slid rapidly as good technology in the transaction. But if crypto no taxes, maybe for economic development is very difficult, I agree if crypto taxes to build the country's economy. To invest today if we see crypto very well compared to other investments, at a price that is not settled, and the price specified by the seller and buyer makes the price of crypto very good. We know the impact of bitcoin for the country is very vulnerable, because it can cause a decline in real currency and a lot like money laundering from taxes. I think it still needs a process for bitcoin as a good economic development.
full member
Activity: 420
Merit: 100
bitcoin is a very useful digital currency in the future while the current use of paper money is not so good that makes bitcoin to be developed and is expected to be used to be a future payment and I believe it could be a solution in the future.
sr. member
Activity: 462
Merit: 515
Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.

From my perspective, involvement of government agencies with their rules and regulations will do more harm than good. There should be some regulations, without doubt, but those should be measured and weighted, something which is unlikely to come from government regulators, which are overall more inclined toward punitive and prohibitive measures and actions. And this is only one side to the story, but there is another, a more technical one. How are they going to regulate Bitcoin as well as other cryptocurrencies if it is built to bypass these regulations? As I see it, the only way to effectively and efficiently regulate Bitcoin is to ban it completely (or just let it be).

Bitcoin is already secure enough on its own, but no amount of regulation can secure the brains of its users. If you allow free sale of firearms, you should expect that someone will inadvertently shoot themselves in the foot at the end of the day.
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