Economy is very globalised, so if Bitcoin affects one country there is for sure a ripple effect on the rest. How much that effect may be depends on the size of the country and other things.
That's true. We live in global village in literal meaning. No country is in complete isolation economically. We are doing trading with one another and as you said, the good or bad effects on the economy of developed countries affect developing ones. 
Topic: Economy in your country - page 12. (Read 1947 times)
For national scale, there seems to be no significant impact of the presence bitcoin. Because bitcoin only at the community level alone, perhaps only about thousands of people are active in crypto world in the country where i live.
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Well currently, I really do not see any changes or effects as you put it, in our country's economy as of this moment. Although I am not sure about that, I pretty much think that that is the case as of now, or maybe the changes or effects are still too little for me to notice. And even with the fact that I have acquaintances that have really became financially stable because of bitcoins together with all the other crypto currencies out there in the crypto world, they are too few to actually make a noticeable change or effect in the economy if ever they really did make a difference. But even so, I think that in the next two years, there will be graphs existing in some countries showing the difference made by bitcoins in their countries which I hope will also happen here.
This led to the emergence and rampant growth of so-called miners and a sharp rise in price of video cards)
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
As of now, crypto has not impacted anything with my country's economic growth as less are aware of what is crypto currencies and bitcoin. But yes, the number of people initiating themselves to know bicoin and other altcoins have increased as they started experiencing benefits out of it.
Indian PM has tweeted that country needs to adapt blockchain and crypto currencies. He has now reallised the benefits of crypto currencies and block chain technology's impact on country's economy. The RBI and a top business man planned to launch their own crypto currencies. I am sure such adaption would certainly enhance country's economy situation.
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Bitcoin has spawned demand for chip makers in the US (especially Nvidia and AMD, each of whom derive a not unsubstantial portion of revenue from crypto-related mining rigs), and also the development of large scale mining operations. One of our states out west (either Montana or Wyoming, can't remember which) has just secured a development project that will see a $250 million mining operation in that state. That is the most direct way Bitcoin is affecting the economy.
Same as you do, I cannot see any effect in my country. But it has big effect on each user especially those who is presently unemployed. As long as our government dis not prohibit bitcoin, I will be happy. As to its effect to our economy, maybe on the next survey, many will say that their lives are stable.
In my country (Russia) economical condition is not bad. The government legalize the bitcoin mining as a legal business.
The cost of electricity power is about 0.05$/kwh
The cost of electricity power is about 0.05$/kwh
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
In my country - Canada. It doesnt affect the economy. It said that they already investigate about bitcoins in 2014. Like the under anti-money laundering and counter-terrorist financing laws in Canada, and it passed the investigate about bitcoins. So maybe they will be putting tax on this later on.
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Well we can say that btc for now haven't affected our countries economy yet. The popularity of btc in our country is not that wellknown but many sectors are slowly emerging to slowly establish btc reputation in our country.
With all the risks in the bitcoin, the government is asked to take the action as soon as possible. Bank In my country considers that bitcoin and other virtual currencies are not an currency or payment instrument for use in my country. the public is asked to be careful of bitcoin and other virtual currencies, due to the high risk attached to bitcoin. Bank In my country shall not be liable for any risks arising from the use or possession of bitcoins.
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
the financial condition in my country is very terrible, in this country I hear have a debt whose news can not afford to pay it off not only that I hear minister in my country also difficult to take care of debt condition in this country.
well as of today we are having a good flow when it comes to crypto as it is now widely open and the number of those who were victim by scam is nlw reducing as people are now more aware what crypto is.
Based on my observation on our economy i think cryptocurrency hasn't made any impact yet but our sec and national bank are already studying its risk and laws that should be created in order to govern this currency especially ICOs since a lot of people conducting it are just using it for bad intentions.
I think our country doesn't affect bitcoin price at all since only few people in our country are really aware of cryptocurrency and bitcoin investment. it's not much people in my country can know about btc
Economy is very globalised, so if Bitcoin affects one country there is for sure a ripple effect on the rest. How much that effect may be depends on the size of the country and other things.
The impact of Bitcoin on our economy is much. Many of our IT knowledgeabled people are engaged with this online currency. They are earning a lot of money every day. This has been encouraged them to invest in Bitcoin. At the result the domestic economy is booming day by day.
What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Currently bitcoin does not have much effect on the economy in my country because the government does not support and does not accept bitcoin as legitimate payment, but bitcoin greatly affects the economics of bitcoin users, they have a better life now
the economy in my country is bad because many officials are corrupt, but after getting to know bitcoin and teaching it to friends it helps us all, I hope my citizens will recognize bitkoin as well so that their life will be easy
Many corrupt officials is in our country, but I don't know if it'll make a change by using btc, government is keep on tracking on how btc will change the crypto currency in every country. For me with this btc it is more accessable to connect in online shopping. I feel the changes of bitcoin in our country but it didn't help stop the corruption. the economy in my country is bad because many officials are corrupt, but after getting to know bitcoin and teaching it to friends it helps us all, I hope my citizens will recognize bitkoin as well so that their life will be easy
Many corrupt officials is in our country, but I don't know if it'll make a change by using btc, government is keep on tracking on how btc will change the crypto currency in every country. For me with this btc it is more accessable to connect in online shopping. I feel the changes of bitcoin in our country but it didn't help stop the corruption. Jump to: