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Topic: Economy in your country - page 20. (Read 1947 times)

sr. member
Activity: 1736
Merit: 357
Peace be with you!
February 17, 2018, 07:53:03 PM
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 here in my country goes mainstream and we are having a bigger community. Cryptocurrency is regulated by central bank and I know that tax will be there too. It may not affect by now but as enthusiasts rise by numbers economy can be pretty great because a lot of business opportunities that offers crypto related payment will soon to open. I am still hoping that our government has better view of crypto currency as a form of investment and payment system and will suppprt it and never prohibit us from engaging transactions.
jr. member
Activity: 224
Merit: 8
February 17, 2018, 07:05:20 PM
Nothing. It can't help to improve the status of our economy with bitcoin. But individually bitcoin could help with financial status by investing bitcoin and make a profit out of it. It is easy to invest and earn through bitcoin. You'll just have to buy bitcoin hold and w8 for the price to go high and then sell. Theb wait for the bitcoin price to go down then buy bitcoin again. So that is the easy cycle of bitcoin. It consist of buying bitcoin, holding and selling to make a gainful transactions. So if I were you should inveat bitcoin as well.
member
Activity: 616
Merit: 10
February 17, 2018, 06:56:36 PM
I would say that bitcoin does not affect much our economy as of now. In the sense that bitcoin is not totally dominated in my country. But time will come, it will bring development in our national economy. As of now, only individuals are profited by bitcoin.
member
Activity: 300
Merit: 10
February 17, 2018, 06:35:38 PM
I would not say that the economy in my country is good and bitcoin also does not have a significant impact on it, I would like that in the future the situation changed a little
full member
Activity: 554
Merit: 100
February 17, 2018, 06:25:21 PM
Does not affect bitcoin in my country because bitcoin i think is stand alone or not depending on the economy of each country and it have only one value so i think it is depending on how many or the volatile investor on each country so i think like china, india, japan, usa and many others who have a volatile investors so that's why the value was rising and sometimes was falling down.
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
February 17, 2018, 04:19:02 PM
In my country after almost decade we finally had some good year in economy. It not cuz bitcoin they dont care about it so much cuz they take less then 1% for every money transfer from bitcoin exchanges. Maybe this is good but we finally can normally transfer coin to bank account.

member
Activity: 266
Merit: 10
February 17, 2018, 02:51:50 PM
There are so many deprived areas in my country...I just have a lingering feeling our economy will never be enhanced. An inherent characteristics of it is its volatile character. Authorities are prone to corruption, bussinesses are not competitive with investors abroad. Government is very unlikely to develop any sustainable improvements Embarrassed
full member
Activity: 424
Merit: 108
February 17, 2018, 10:45:03 AM
From where I came from, Bitcoin has no major effect on our economy as of this writing, although there are already some establishments that are accepting Bitcoin as a mode of payment. Maybe I will see some effects of it in our economy in the coming years depends if our government will legalize it or not.
As of now. The economy of my country is progressive but I think my own countymen doesnt feel that its happening now. Maybe because of the government not managing the funds well or maybe because my country have many money being borrowed from other country. So it needs to be paid well.
jr. member
Activity: 162
Merit: 1
February 17, 2018, 10:14:13 AM
From where I came from, Bitcoin has no major effect on our economy as of this writing, although there are already some establishments that are accepting Bitcoin as a mode of payment. Maybe I will see some effects of it in our economy in the coming years depends if our government will legalize it or not.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
February 17, 2018, 10:06:49 AM
It's having an effect in the UK in that Fintech is the hottest area for good coders to work - all the banks habe set up FinTech departments, and there are a bunch of start-ups too. So if you are into programming, and understand cryptocurrency, there is a bit of a gold rush in that they are paying well for people with knowledge and skills.
jr. member
Activity: 75
Merit: 2
February 17, 2018, 09:51:17 AM
Stable, large countries like the US, Germany, the UK, France and many more won't be affected by Bitcoin for a long time. Why would they? But countries with volatile currencies and rampant inflation will be changed by it. A lot of third world countries as well, because it means a way to transfer money without paying hefty fees.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 17, 2018, 09:49:02 AM
in my country, most people don't know what is bitcoin and it's a bit difficult to explain to them because they don't familiar with searching the job opportunity from the internet. sometimes I feel difficult to explain to them but somehow, I can explain the outside of bitcoin and I see that they understand but still they think it is too confusing to them. maybe if they got some more explanation, they will understand about bitcoin.
member
Activity: 210
Merit: 11
February 17, 2018, 09:37:12 AM
In my country bitcoin is something like "oh, it's, ok" and government also doesn't impact on its regulation, it just makes some imaginatiob of influance.
full member
Activity: 339
Merit: 102
The Exchange for EOS Community
February 17, 2018, 09:32:47 AM
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, Bitcoin doesnt matter a lot given the fact that this is legal to my country ,the government doesnt implement or should we say advocate its fellow citizen to invest in Bitcoin because the profit that you may put into risk may dump in a very unexpected value in which you cannot control it. To sum it up Bitcoin helps the person to have profit but the economy is way further than it.
full member
Activity: 224
Merit: 121
February 17, 2018, 09:01:51 AM
Bitcoin has a big effect in our economy,in fact it was a legal tender here many of us engage in bitcoin and they study it to became a payment system in our country soon but not to be a currency.There are some establishments who use btc as a payment so it is not hard for us to use bitcoin.Many unemployed people find a job through it and get financially assistance from crypto.
full member
Activity: 674
Merit: 101
I am hired and not own by any Team!
February 17, 2018, 08:54:34 AM
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 effect of bitcoin in my country have negative and positive side. When it comes to every individual person who is on bitcoin or cryptos, it can make positive effects individually which can aid their daily needs or can make a person rich. But if in my country`s economy, the effect is bad because instead of those businessman who can invest on the usual business like firms, manufacturing, fast foods, etc., which may ,contribute to the tax and may lessen the unemployment, they choose to invest on cryptos which does not even pay tax or make employment to unemployed, so, it can cause negative effect to the economy.
full member
Activity: 280
Merit: 101
February 17, 2018, 08:48:02 AM
Bitcoin has an effect though marginal effect.Due to bottleneck laws
imposed by the government authority, a lot of business people and merchants
transfer money via bitcoin to get their goods and services realized.
In bitcoin transaction there is no daily limit unlike dollar transaction
in my country where you are not permitted to transfer beyond certain
amount of money(dollar).When these merchants neglect the bank for
bitcoin transfers, it means the economy has lost some interest in the deal
that would have been done through the banks.
full member
Activity: 524
Merit: 100
io.ezystayz.com
February 17, 2018, 08:36:57 AM
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 our country the affect is good many people now become rich because of bitcoin, because in our country almost all of people knows how to use android and other device, that is the advantage of our country.
full member
Activity: 266
Merit: 100
February 17, 2018, 08:17:30 AM
In my country bitcoin is very valuable for the unemployed community and entrepreneurs. unemployed people will easily find job opportunities with bitcoin at this time. if the entrepreneur will easily add profits by investing bitcoin
full member
Activity: 224
Merit: 100
February 17, 2018, 06:59:24 AM
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 doesnt also affects our economy, because it was still that famous.And we still have much serious concerns in our country.There was still problems that needs solutions.And bitcoin doesnt still become a concern in it.People who knows about cryptocurrency are still limited.
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