Topic: Does Bitcoin affect world trade? - page 8. (Read 1167 times)
To be honest, Bitcoin is not yet legalised in most of the countries and hence there is a legal issue in using Bitcoin for the trades between the two governments. However, on the individual level, there is a huge user base using it even on the international level including me but we still have a long way to go to inculcate the habit of using Bitcoin and see the impact of it on a global level.
I think, Bitcoin does not affect world trade because bitcoin is just a crypto currency. Therefore, bitcoin only affect the crypto market and it has no connection on world trade market.
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 that bitcoin adjustment does not have much impact on world trade, you can see that with a $ 300 billion market capitalization, bitcoin is nothing compared to stocks, gold or real estate. Therefore, I believe that all fluctuations in bitcoin prices will not affect the world market.And will it be in the future?
You can see that the crypto market is in a period of crisis when bitcoin and altcoin prices are constantly falling. Therefore, I believe we should consider whether to continue investing in bitcoin.
With the inflow of fiat towards cryptocurrency the economy gets a very small change, as we're very small in number when compared to the global fiat users. Maybe this could change when the usage keeps growing, and now some African countries making it for their trading needs seems to be the start. They use it, because they need to carry bags and bags of currency as their money is completely valueless. Bitcoin provides with the ease of accessing.
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 don't have any affect to world trade because bitcoin is decentralized so bitcoin is only affect a crypto market not world trade. World trade is for centralized system so there's no connection in crypto. And will it be in the future?
Bitcoin influenced the entire world economy in general. This influence can be called ideological, because bitcoin has shown an alternative to traditional financial markets.
Can you name up a few things in the world economy that Bitcoin had a role of importance in? I honestly don't see anything in the legacy economy that Bitcoin has contributed to aside from unleashing a blockchain craze. The only change that might be related to Bitcoin (timing could just as well be pure coincidence) is that banks are trying to offer better and cheaper products, and more importantly, be more client focused. Bitcoin is great, don't get me wrong, but people like to exaggerate and hype up Bitcoin's current impact, which we have to look through in an unbiased way. It's not a miraculous world problem solver people often think it is....
I just do think it might in some ways. I do believe that bitcoin can certainly create some impact to the economy which made me think that it could also create an impact to the world trade. Yet because world trade had a big scope so I think since it is world wide and there are so many things to trade I guess the impact would be small or not so noticeable.
I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !
Bitcoin maybe is unable to affect the world of trade right now because it is really small but this is not going to last for a long time, bitcoin is on the verge of growing massively and governments know this and when that happens we will begin to see bitcoin affecting the trade world especially as people begin to use bitcoin for all their transactions and governments are unable to stop it.
Bitcoin influenced the entire world economy in general. This influence can be called ideological, because bitcoin has shown an alternative to traditional financial markets.
In future this can make an impact especially for countries that are banning crypto. They will be affected negatively because of this.
Bitcoin is the world's first digital currency and one of the fastest growing currencies. With the imprint and the value it brings, Bitcoin will certainly have a major impact on the global economy. As for the problem between the two countries, I do not understand this.
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?
you mean, transaction between the two countries is the transaction between citizens and citizens or the exchange between the two countries has legalized electronic money. If are a citizen and citizen, then I think it is pretty much done like bitcoin.
I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !
Bitcoin maybe is unable to affect the world of trade right now because it is really small but this is not going to last for a long time, bitcoin is on the verge of growing massively and governments know this and when that happens we will begin to see bitcoin affecting the trade world especially as people begin to use bitcoin for all their transactions and governments are unable to stop it.
I think that the short answer would be - no.
Bitcoin volume and transactions which are not related to exchanges are very small compared to world economy trade and therefore is does not contribute, at least - not yet.
Bitcoin volume and transactions which are not related to exchanges are very small compared to world economy trade and therefore is does not contribute, at least - not yet.
Up to this point, there was no chance to get for organizations to fence their bitcoin introduction. On the off chance that a Company offers products for bitcoins, yet gets installment in 30 days, it wouldn't make certain of the esteem it would get. The unpredictability that bitcoin has could wipe out the whole capital of an independent venture. So the brilliant ones would center around building their business, not endeavor to oversee bitcoin unpredictability.
Yes, At this stage most central banks are closely noting developments in the growth of bitcoin. Some, however, have already responded by proposing the issuance of a digital version of their fiat currencies. Banks and governments all care deeply about what money is used for. Money's use carries associations of value, which in turn helps establish whether a currency, a payment form, and a social model for transactions are legitimate.
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 changes a lot to world trade. It changes the way the payment is made when buying and making these activities happen quickly but still secure. That is a positive influence. The problem now is that Bitcoin is not completely stable so it can become more popular and link more commercial activities.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?
And will it be in the future?
Never heard about the trade between two countries that went through the crypto currencies form. This is also very contradictory as to why they will make such trade because its not having any legal agendas amongst the two countries. Whoever countries make trades, for example sell oil, petroleum etc then the transaction is always done in terms of the fiat currency. The money is very important for other nations and not the assets. What I mean by this is simple, they don trade two different assets in exchange of one. Bitcoin being the assets these will never be used as exchange value plus altcoins are not having capacity to do so.
That kind of trade between two countries in Bitcoin would be great news, something like that
would be explosion not just in crypto-world.
Bitcoin trading is world for itself. People are selling stocks to buy crypto-currencies, crypto
trading is becoming more popular than trading with stocks.
There are news about Wall Street getting into crypto-currencies. When that happen world trading
will start to trade in crypto-currencies. That will happen!
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?
Never heard about the trade between two countries that went through the crypto currencies form. This is also very contradictory as to why they will make such trade because its not having any legal agendas amongst the two countries. Whoever countries make trades, for example sell oil, petroleum etc then the transaction is always done in terms of the fiat currency. The money is very important for other nations and not the assets. What I mean by this is simple, they don trade two different assets in exchange of one. Bitcoin being the assets these will never be used as exchange value plus altcoins are not having capacity to do so.
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?
In my own opinion, yes it can actually affect the world trade because the volume in the market might decrease or increase since people will turn into cryptocurrency industry.
It does... in the way we dont realize... I think it affect the way how we get the moneys we need to trade
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