How does bitcoin contribute in global market ? - page 2.

nizamcc

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

First things first, Bitcoin has started to dominate almost every big name out there on the list of markets when it comes to valuation as well as total market capitalization. Whether it's Goldman Sachs or Facebook, total cryptocurrencies' daily volume, as well as the cap, is beating them and leaving them behind. Not to forget about the Japanese Forex Traders who are now driving the crypto markets and I believe that someday, even Forex markets will completely involve Bitcoins and BTC's capitalization will dominate the forex too. It's too sweet of a candy to the investors who just bought in at $1 and sat till date.

pushkarmore

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

Yes, i agree with you, since bitcoin is in the grey area and it is not fully recognized it is not easy to measure the global impact of bitcoins in the global market. But individually bitcoin has made the positive impact all over the world. Even myself has been earning a good full-time income from past one year from bitcoin trading, through this forums, signature campaign and bounty campaigns. Bitcoins is really a game-changing player in everyone's life from past few years and I hope even in coming years they are going to impact the global markets in a positive way only.

fileo

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Rangers Protocol

As of today bitcoin contribute in global market. I think huge contribution most probably to those country who embrace or accept cryptocurrencies.

paul00

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I agree that financial capacity and investing capacity of people/citizens have become stronger as bitcoin continuously emerge. With bitcoins’ good qualities, the economy of countries has been able to improve although it cannot be seen right now, I know bitcoin users can see it too.

iamTom123

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

With just nine years of existence, it is actually so hard to determine of the many ways that Bitcoin firmly helped the global economy. Maybe in terms of earnings or income to people who are participating in the Bitcoin bandwagon either just holding the coin or doing some trading -- this can be the best way that Bitcoin is helping people everywhere. However, as far as I know, the greatest contribution of Bitcoin is returning that power to the people where it should really be. We all know that currency can be an important tool to influence the local and international economy and when this can be in the hands of the people those who are fond of manipulating the economy will start to be rethinking their economic understand and developmental models. This is what we call as the disruption and now we are hearing personalities voicing out their concerns against Bitcoin -- precisely one of the many symptoms of the disruption that can be going on or possibly in the coming future.

Eternu

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It is correct that bitcoin has contributed a lot to world and its market. Some things are also possible with fiat currency, but some properties that bitcoin have makes bitcoin better than fiat. Also i guess that using bitcoin is easyer and safer for some people. It is nice to see bitcoin grow and how its changing the world.

eiracube

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It's still too small to influence the global market. However, the recognition grows rapidly, so the influence will be much more notable soon. And, besides, Bitcoin makes transboundary payments far more easy, so it can affect money transfer systems such as WU.

Ctn

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Global market is very different thing and I don’t really think bitcoin has entered into it in anyway due to its decentralised nature really. The decentralisation process has created all new market for the bitcoin which is parallel to the current global market but it is not the same as what we are seeing right now. For it to have global presence we will need bitcoin to be circulated in the real world economic circulation and there has to be some regulatory bodies to control it. This way it can affect the global market by contributing its value to it. So you see we are far from reaching out that market.

Quote from: Hui8 on December 17, 2017, 09:40:07 AM

There is still room for the bitcoin to spread in the hearts of top merchants and once this is done on the mass level then it will contribute the global market in the same way as the Visa and MasterCard companies are doing right now. :-)

Yeah sort of, if they come into crypto financial system then they could be the bridge for the connection between parallel global markets. :-)

Hydrogen

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Quote

How does bitcoin contribute in global market ?

Most global markets cater to the wealthy and elites. The most supported financial and economic programs are wealth and wage re-distribution which tend to make the rich richer while at the same time making the poor poorer.

Bitcoin's greatest global market contribution could be catering to everyone equally. Bitcoin actually is geared towards helping those living in poverty who are too poor to afford things like bank accounts or electronic payment methods. There are none of the minimum account balances, unfair taxes and fees which prohibit the poor from being treated the same as the wealthy by other financial or economic institutions.

In this it may be said bitcoin's greatest contribution is something resembling financial and economic equality representing a stark contrast to our existing status quo.

qumatru

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Quote from: bitbunnny on December 17, 2017, 08:58:13 AM

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.

For sure it is not popular at several areas and bitcoin will be high at global market when it will be fully recognized by people and they will trust bitcoin at high level and it is possible when use of bitcoin will be high and people will invest high amount of money in bitcoin and hold it till it goes high, it is right time to buy bitcoin and suggest all friends to use bitcoin and buy it more for safe and secure currency.

solarion

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Quote from: severaldetails on December 17, 2017, 10:34:54 AM

At the moment, what bitcoin does is work as a form of investment.
Originally invented to be a form of payment, it does not serve that purpose anymore.
So I see only two fields where bitcoin still has impact: the financial sector, and the sector of electronics that developes the mining equipment.

How long you are in the bitcoin earnings bro. I see that you still does not learn aboit the bitcoin usages and investment method. You can bitcoin payment source but it is not used that like PayPal or banking in the world. Still bitcoin bitcoin rocking the working economy with its potential. You just finished in the name as payment mode itself. You are knowledge less baoit BTC only.
Any service or fund can be controlled but bitcoin's decentralized medium will empower the uncontrollable financial pipeline for us.

severaldetails

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At the moment, what bitcoin does is work as a form of investment.
Originally invented to be a form of payment, it does not serve that purpose anymore.
So I see only two fields where bitcoin still has impact: the financial sector, and the sector of electronics that developes the mining equipment.

webtricks

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.

That's true.
Nowadays Bitcoin isn't just limited to early adopters or tech people but general public at large have started investing in it.
One of the main sector where Bitcoin has shown significant rise is "Assets and Security Market". We all are aware of CME listing and future trading. But other than that, marginal investment sectors like Mutual Funds, Chit Funds, etc are now considering Bitcoin as their main destination to invest contributors' money.
The biggest buzz about this could be seen in India where Stock Trading Companies are now advising their customers to go for Bitcoin investment and that's why we could see premium of $2000 in India where Bitcoin is trading at approx $22K.
While lurking internet, I found this article showing another acceptance of Bitcoin :

http://c.mp.ucweb.com/detail/b1f94e64e951483886a5f35952b3827f?a=1&uc_param_str=dnvebichfrmintcpwidsudsvnwpflameefut&uc_news_item_id=895563875171605&app=samsung_h5_iflow&entry=samsung&cpmob_browser=samsung&coid=AALM%2Fs4mviOZmnzTNw91PMJQ3X98tJddTDD0NX0Yjk7BrRB9FStvwOs4B0RLVkiyXNI%3D

Dailyroberts

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

We can't make a claim about bitcoin's effect on global markeys because the adoption level and acceptance in global markets is now very low. In the future, we'll be able to talk about this more detailed.

rynah011991

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Bitcoin can really had a big contribution in the global market. Best example is that, they were now use as currency to purchase goods. Many stores now were accepting bitcoins as payment.

RamonBTC

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In a way, yes it’s true that the effect of bitcoin in the global market can be felt by the same industry that manipulated the entire system for a long time. It is the best alternative to invest or trade with a much higher interest and profits. If only this will continue in a much bigger scale then it can be the center of it all.

btcbonanza

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Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

Yes, bitcoin has greatly effected the global market. Most of the people are now investing their money in bitcoin rather than other sources because huge profits that bitcoin is able to give.
One of the biggest advantage of bitcoin as currency is 'freedom'. It gives freedom to individual to use their money in whatever way they want without being afraid of government.

cryptoalfs76

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▰▰▰ MODULE ▰▰

Quote from: nursahath07 on December 17, 2017, 08:30:15 AM

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

Yes,thats true that bitcoin is big contribution in global market because they help the economy to become progressive in terms of digital currency.bitcoin is a very influential coins business now in crypto market ,thats why there so many altcoins coming out now in the market to promote all over the world that bitcoin gives a lot to become the economy more progressive in terms of entrepreneurship.

Lanatsa

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Quote from: bitbunnny on December 17, 2017, 08:58:13 AM

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.

You are right which bitcoin is playing on different field since its not regulated even though its being accepted already on trading platforms and considered as n asset or commodity but don't actually be considered to have a big impact on global market but seeing on its value it can really make some buzz to those people who are veteran on stocks or on forex which do make some trading for years.

Hui8

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The bitcoin itself is part of the global market so whatever is invested into it is going into global markets development in terms of investor base. I mean it could be indirect effect really but it is showing it on enormous ways and levels now. The effect is not just limited to investor base and it could really make it via international relations with big traders and merchants too. We are very connected with bitcoin now and there is no limit for that one.

There is still room for the bitcoin to spread in the hearts of top merchants and once this is done on the mass level then it will contribute the global market in the same way as the Visa and MasterCard companies are doing right now. :-)

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