Topic: Does Bitcoin affect world trade? - page 6. (Read 1182 times)
I guess it is affecting the trade that can't stand under the sun. But for normal legal transactions, I don't think Bitcoin has such a big influence now. Anyway, BTC is still in the early stages of development, and may be qualified to compare with the world's mainstream trade in the future.
Bitcoin can be purchased as a basic money exchange and then used as currency. Every time money is exchanged through Bitcoin or a similar cryptocurrency, that transaction is recorded in a detailed public ledger. The ledger forms a long chain of verified transactions in chronological ordered. These ledgers are referred to as blockchains, and the blockchains are a big part of what excites people about the possibilities opened up by cryptocurrencies.
of course, now bitcoin also has an influence on world trade, why is this because investors in bitcoin already have very large amounts as well as investors in gold, silver, oil and other precious metals
no and hardly will bitcoin be the legal currency for 2 countries to trade, the transactions can not be tracked so there's no proof to tell if a country use their money in what activities.
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 believe in that because Bitcoin is the king of crypto for example in the kingdom if the king doing good well his people will doing good too but if the king will doing bad or not well ofcourse people will affected according to what the king doing. So, I believe that where bitcoin is, the other coins will be there also. And will it be in the future?
Of course, Bitcoin is the input of most trading pairs on all exchanges, which dominates most of the remaining altcoins, including ETH. Bitcoin prices have a big impact on the price of altcoin. In addition, ICO projects have bitcoin inputs to purchase project tokens, so the impact of bitcoin on the altcoin value will be extended.
Bitcoin does not affect world trade as it occupies a small percentage of the world economy, but it is not for long ))
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?
For many government, bitcoin still illegal because they dont regulate it yet. If bitcoin become world currency like dollar, international trade must be using bitcoin because its more secure and more valuable as reserve.
I believe that bitcoin trade between countries will be achieved in the nearest future. With time, the countries rejecting bitcoin now will start accepting it after their fear of cryptocurrency has been proven wrong over the years to come.
indirectly with the presence of bitcoin certainly brings the impact of international trade for those using crypto currencies in countries that have legalized it, and for countries that have not legalized in my opinion there will be a turnover of local currency
I think it wouln’t happened because bitcoin never replace fiat money. It’s my opinion. Bitcoin is very good for speculation. But blockchain st all really good technology.
There are two different school of thoughts over this topic. One, we people aren’t accepting change and we don’t let system changed. The other one is, time will take all the odds and thrown them out from history. So if we just talk over second one, I think we might be seeing a full felled bitcoin world that wouldn’t be involved in dealing of any sort of fiat. Just wait and watch. I haven't heard yet about countries trading Bitcoin with each other but it might happen in few years from now.
It is not going to happen so far because now almost everyone country is accepting bitcoin and they are trading and investing in it, I am sure soon bitcoin will become world’s most wanted and the only coin to trade a trust worthy with it, because the development of trading is the only way to make the future economical progress of any country, so I think bitcoin trading is going to have a bright 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?
At the institutional level there is not yet, but between citizens, large employers who are required to transfer money on a large scale. using bitcoin as a payment method has already been done a lot. And will it be in the future?
At this point though, it isn't happening. The dollar is still the unit of exchange for most countries (but I don't think it will be for long). Russia and China are already moving away from it.
Bitcoin's market cap isn't big enough to be a factor in world trade. It's only about $41 billion, whereas physical money is $31 trillion. So there's plenty of room to grow. This means that it cannot influence world trade, but it might be able to in the future. It is a useful enough tool, so more and more countries will want to start using it.
First of all the market cap of bitcoin is 104 billion dollars and not 41 billion, but I agree with the rest of the post, the US thinks they can print the US dollar with impunity and now we are seeing some countries trying to get away from it, at least in some of their transactions, but the US dollar still is the king due to the size of the US economy but when an economic crisis strikes that could be a blow to the size of the economy of the US and it could be enough to shake the confidence in the US dollar to the point it is abandoned as the reserve currency of the world. Bitcoin's market cap isn't big enough to be a factor in world trade. It's only about $41 billion, whereas physical money is $31 trillion. So there's plenty of room to grow. This means that it cannot influence world trade, but it might be able to in the future. It is a useful enough tool, so more and more countries will want to start using it.
Well, i am not in favor that btc will affect the world trade. Since, crypto currency has no connection of world trading. Therefore, btc does not affect world trade.
if I think there must have been an impact starting from the real world that only those who invest in who pay through banks and currencies in the real world for a long time will definitely not have a price because now payment is through the crypto world.
certainly affects!ate that the blockchain is "the Kingdom of trust". It becomes a response to a fundamental Internet gap in which information (images, texts, sounds) is transmitted through data packages whose value is only related to what they can do and does not exist on their owncertainly affects!ate that the blockchain is "the Kingdom of trust". It becomes a response to a fundamental Internet gap in which information (images, texts, sounds) is transmitted through data packages whose value is only related to what they can do and does not exist on their own
I think it wouln’t happened because bitcoin never replace fiat money. It’s my opinion. Bitcoin is very good for speculation. But blockchain st all really good technology.
I also didn't get the question. Is the point about bitcoin (crypto exchange) between countries and making the economy of one of them richer due to that? If so I think here is the point in a concrete country and its relationships with crypto currencies. There are countries which are more equipped with crypto things like ATMs and mining farms, this way the use and trade of crypto is on the high level in such country.
I haven't heard yet about countries trading Bitcoin with each other but it might happen in few years from now.
Jump to: