Does Bitcoin affect world trade? - page 2.

microwave

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Quote from: Granxis on May 08, 2018, 05:23:56 PM

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 think Bitcoin did not affect to the world trade market price all of the changes of numbers is because of inflation and deflation of real goods and any other products from importation and exportation, bitcoin is classified as direct decentralized digital peer to peer transaction business its so difference to real business.

Ikay

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For now it does not really happen because any government countries are not promoting cryptocurrency and the trading on it so for now it might be a good suggestions to us for each country because it would be a way to each country and affect to the world trade.

kwabeedat

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Maybe it doesn't have any effect now but I believe it'll have some effect in the near future when Bitcoin gets enough support from the superpower governments.

ngacengan

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I don't think bitcoin can directly influence the condition of the world economy because at this time cryptocurrency like bitcoin cannot defeat the global circulation of dollars so bitcoin has not been able to do that.

Eijrafarm

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Bitcoin already have a huge market cap. This market cap if added to the national trade then it is already a huge amount which could affect the money movement all over the world.

OrangeII

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Quote from: 0t3p0t on September 07, 2018, 12:18:03 AM

Quote from: Granxis on May 08, 2018, 05:23:56 PM

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?

Trading between two countries might not exist most especially if we are talking about Bitcoin in an international trade, why? It is because Bitcoin trading is not just happening in one or two countries, it is traded a thousand times a day all over the world. If you are talking about Bitcoin trading through financial and economic ties I don't think so as we all know that transactions are anonymous it is also unstable asset. If we say peer to peer transactions then yes we all heard that almost everyday.

well, I think bitcoin has changed the world of commerce a lot. the ICO project that is so much at this time is proof that bitcoin has changed the world of commerce a lot, even large organizations have been paying attention to this development.

0t3p0t

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Quote from: Granxis on May 08, 2018, 05:23:56 PM

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?

Trading between two countries might not exist most especially if we are talking about Bitcoin in an international trade, why? It is because Bitcoin trading is not just happening in one or two countries, it is traded a thousand times a day all over the world. If you are talking about Bitcoin trading through financial and economic ties I don't think so as we all know that transactions are anonymous it is also unstable asset. If we say peer to peer transactions then yes we all heard that almost everyday.

Ozero

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States are unlikely to use the decentralized Crypto currency in their trade because of its high volatility. For them, the importance of speed of transactions does not matter. Therefore, bitcoin will be used more by citizens than by states and its bodies. Therefore, big importance on the world trade bitcoin does not yet have.

NowLovebed

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These sectors of energy, food and raw materials thus benefit from this electronic currency. Many ecommerce companies China has joint ventures with US companies through the construction of blockchain systems for quality control.

nur rochid

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Quote from: yatogami on September 05, 2018, 11:52:14 AM

Quote from: Granxis on May 08, 2018, 05:23:56 PM

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?

Bitcoin is something personal, so countries and governments are unlikely to get access to international trade using crypto in the nearest future.
Moreover, cryptocurrencies are so much volatile that I can't imagine successful trading with such an unstable exchange rate.

i think investors will be divided, for those who know bitcoin, there are certainly many investors who have turned to cryptocurrency, so that world trade has become a little choked up, even though I don't think it has much effect, only 1% bitcoiner we have to know

yatogami

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Quote from: Granxis on May 08, 2018, 05:23:56 PM

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?

Bitcoin is something personal, so countries and governments are unlikely to get access to international trade using crypto in the nearest future.
Moreover, cryptocurrencies are so much volatile that I can't imagine successful trading with such an unstable exchange rate.

MahalQu2612

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Quote from: Granxis on May 08, 2018, 05:23:56 PM

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?

Perhaps, yes it is! due to its money involved, especially Bitcoin has been used mos often on trading online, then being accepted as payment thru online in different merchants anyhow. And what I like the most about in Bitcoin was we can send money in different palces in the entire world as long as there online internet connection in your place.

F_Ivanov1993_

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If you are allowed to use crypt in one country and another, then why can not you exchange coins.

scoin9

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Cryptocurrency and Bitcoin have come to stay and would be around for years to come, it would contribute to shaping the way our financial system works. So BTC and cryptocurrency would certainly affect world trade and shape the way funds are sent from country to country making transactions very fast and easy.

toolucky98

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Quote from: airdagon on May 08, 2018, 11:58:53 PM

trade between two countries? what do you mean? we all know that every government, almost in some other countries, prohibits the existence of bitcoins or those associated with cryptocurrency. how the two countries can trade, if one of those countries prohibits the existence of bitcoin. that would not be possible, man!

between two countries doesn't mean always a big transaction between the government, this also can relate to two individuals exchange to trade bitcoin or buy and sell things but use bitcoin as payment

shelemiah31

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Yes it is possible for bitcoin to avoid world trade because business owners should be exploring crypto and blockchain technologies and find out how they can benefit and make a move to capitalize on the technology.

BorisVirla

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I have not heard of such operations yet, but I think it's possible.

GreatGEEK

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To consider if Bitcoin affects world trade or not, it's necessary to be an expert in the sphere of world economy and trade, IMO. What I can say is that cryptocurrency affects the whole nature of trading and international relationships.

gambitcoin53

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bitcoin is digital and internet-based, therefore it is international, what do you mean? of course it affects world trade, cryptocurrencies are making its way and diversifying traditional trading platforms, today, not only fiats such as dollars and yen and euros are being traded, slicing a big portion on the market, you mentioned trading between two governments using bitcoin, not sure though if there is such, no government are vocal and bold enough to represent as a trader in the current market, if there are, they are the whales.

Astra2127

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Ofcourse, because of an easy access on it. We can communicate and also trade things as easy as 1,2,3.

Topic: Does Bitcoin affect world trade? - page 2. (Read 1182 times)