Topic: Does Bitcoin affect world trade? - page 10. (Read 1182 times)
According to my knowledge bitcoin has no great effect on trading but it’s very influential due to the increasing demand and the limited supply so the value of bitcoin can change very drastically.
As of now it does not affect world trade as it has a completely different ecosystem than the stocks market and only the ones who are interested and invested into it are haveing either its benefits or drawbacks. However once it is integrated in the mainstream market then BTC or cryptocurrency in general will have big impact in the world trade since it will also be a barometer for the prices of stocks.
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I haven't heard about international trading system that would be accomplished through the blockchain and Bitcoin, but I've heard about some unbelievable amount of money send it from one wallet to another with microscopic transaction fee. And will it be in the future?
Does it mean they will exchange the goods through bitcoin? If true as I say. It can not happen. It only happens when both countries accept bitcoin as a common payment method. But no country accepts bitcoin for payment
World trade will affect bitcoin and vice versa bitcoin will also affect the current trade influence of the price of bitcoin per day influencing the market and many related policies.
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I have not heard anything about the bitcoin trade or exchange between the two countries in the world. You can see that the value of bitcoins are unstable and that in the world there are very few countries that recognize and allow bitcoin to be legally circulated. Since bitcoin has nothing to talk about, I think no country will take bitcoin to trade. And will it be in the future?
IMO, bitcoin are different thing , it's similar like gold.
If you compare with stock trading, it's being affect by world issue but cryptocurrency are purely depend on supply & demand.
So that's why you can see bitcoin value can change significantly !
If you compare with stock trading, it's being affect by world issue but cryptocurrency are purely depend on supply & demand.
So that's why you can see bitcoin value can change significantly !
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
And will it be in the future?
If you mean settlements between 2 countries, it is highly unlikely, we have to go a long way before this happens.
But if you mean as in business, I think that this is one of the best features of bitcoin- it is very useful for over boarder , international payments, it is border-less and cheap to transfer and fast. And i believe there is a huge potential.
It is a possibility in the future but not in the nearest one. Currently, lots of companies are still hesitant in integrating bitcoin payment in their methods. It's probably because of the fees since most common methods don't have these.
In the field of international trade, Bitcoin can provide users with the greatest benefits.
Because legal currency cannot avoid the cost of transferring money in different currency systems, the cost of bitcoin is even lower in terms of international remittances and international trade.
Because legal currency cannot avoid the cost of transferring money in different currency systems, the cost of bitcoin is even lower in terms of international remittances and international trade.
For now, I really don't think Bitcoin has much impact on international trades between countries. Like you are aware, not many countries have openly accepted Bitcoin. Maybe in future, it will.
I think it will be very difficult to see bitcoin being use as a means of exchange between two county presently because it will means the countries involve didn't trust their currency enough and choose to use a decentralise currency..Bitcoin will gain more in their trade exchange and their currency will likely suffer. But this will certainly happen in the near future. Bitcoin will be widely accepted as a means of exchange even between countries.
Bitcoin affects world trade. It changed the way the transaction was familiar. Bitcoin eliminates third parties as banks. This makes the transaction process faster and saves costs as well as risk. Bitcoin also allows for more personalization of assets than paper money.
I think it will be very difficult to see bitcoin being use as a means of exchange between two county presently because it will means the countries involve didn't trust their currency enough and choose to use a decentralise currency..Bitcoin will gain more in their trade exchange and their currency will likely suffer. But this will certainly happen in the near future. Bitcoin will be widely accepted as a means of exchange even between countries.
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I heard that last December Russia supplied stock exchanges to Turkey with some products and this deal was made in bitcoin. I think that one side in this period of a sharp price rise bitcoin won in this transaction, and the other lost. Therefore, I do not think that bitcoin will be widely used among various countries in trade transactions. Bitcoin is very volatile in price and it is unlikely to be used as a means of payment in international agreements.And will it be in the future?
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I heard that last December Russia supplied stock exchanges to Turkey with some products and this deal was made in bitcoin. I think that one side in this period of a sharp price rise bitcoin won in this transaction, and the other lost. Therefore, I do not think that bitcoin will be widely used among various countries in trade transactions. Bitcoin is very volatile in price and it is unlikely to be used as a means of payment in international agreements. And will it be in the future?
Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
My opinion is that trading internationally between countries can become more comfortable when we would not have those transaction fees and all those things that are hard for now during the process of trading. And will it be in the future?
Bitcoin is widely used these days and has become very popular as a means of storing value and sending funds around the world. World trade or trade between countries can occur in many different ways, some can be exchange of goods for gold, some can be exchange of goods for crude oil etc. The two or more countries involved in the trade tend to determine the medium of exchange, so therefore countries trading between each other can also use Bitcoin as a medium of exchange, so yes BTC can affect world trade.
Bitcoin affects the market as well as the world economy so what bitcon has got will affect the economy even if the economy can develop without bitcoin but the economy will be better when have bitcoin
I am not a professional trader nor an economist but I do love this topic. Allow me to share my opinion on this. I my stand I do think it will affect the world trade. Since we are dealing with money. The investors in bitcoin might be the same investors who worked in the world trade and instead of buying at the trade maybe they spend there money on bitcoins instead.
Increasing demand is not accompanied by adequate Supply, this clearly makes the Bitcoin price skyrocket. From there we already know that bitcoin already affect the world economy because people almost use bitcoin so the government legalize bitcoin.
With the emergence of Bitcoin and all the over 1,000 cryptocoins, financial transactions are being decentralized on a massive scale. These decentralized transactions have no recourse whatsoever to the US Dollar. This changes the dynamics of international trade, foreign relations, diplomacy, and the impact of economic sanctions. There have always been attempts to “de-dollarize” the global economy and cryptocurrencies seem to be a veritable means of achieving that goal.
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