is there any economic effect for the country or bitcoin users - page 13.

ladydark

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Quote from: CryptoBry on January 27, 2018, 05:50:58 AM

Quote from: Choyor on January 18, 2018, 08:36:45 PM

Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

Many governments are viewing Bitcoin and cryptocurrency in general with suspicious eyes practically because this is something they can't control fully and one that many don't actually understand. Some leaders when faced with this situation would just choose to ban the whole thing rather than go into trouble of dealing with it later. On the other hand, as shown by Japan, Bitcoin can be an instrument for economic viability.

Yes every nation should learn a lesson from Japan and legalize it instead of trying to ban it and struggling to do so. The fact is that bitcoin could not be banned unless Internet gets banned completely and its impossible.Some countries are even confused to decide about bitcoin whether it is an asset or currency or a commodity. But most of the countries find it as a threat to their taxing revenues.

bitcon

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Bitcoin is the perfect tool to improve the economical situation in the country, where it is used. Unfortunately governments of several states are afraid that BTC users will damage their system and avoid taxes. Countries where Bitcoin is used have the better level of life.

mostkey

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

bans issued by some countries associated with bitcoin and crypto. does have a considerable impact. especially with the decline in bitcoin prices. maybe the economic system that moved in the field of crypto became a little shaky in this regard. but in a few weeks it will return to normal

intoy_victor

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Quote from: Longfellow27 on January 27, 2018, 04:29:24 AM

Yes i think so, because it involves money and it involves business related activities, surely this will affect the economy and implementing ban on it by the government would only mean that something interesting is really happening affecting the community. As we have all known it is global and therefore could also globally impact the whole system of bitcoins. Should there be any change I think generally it will likewise affect the whole. I heard some had gone panic selling of bitcoins after having heard of bitcoins being or about to be banned in their country.

Yeah it is involve the money and that is revolve around the world that could really affect the economic status of a country.
If they are panic selling it's because they heard about the bubble, for my only opinion.

izanagi narukami

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Before the ban issue, my people already skeptic about bitcoin since my government decide to forbid bitcoin usage.
Of course not all of my people are afraid but when they heard about ban issue, it affect my local exchange value quite much as panic sell usually happen

Fundalini

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Depends on the level of the country's adoption. If it's on the level of japan, it has been incorporated enough to influence government policies and ultimately, their economy. Otherwise, doing crypto would just be beneficial only to the individual.

zlatan07

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

The main problem why countries(their governments) ban Bitcoin because they can't manipulate with money from it. There is a lot of other reasons why countries ban cryptocurrencies. But can that influence the country? I don't think so. Countries are based on their local currency and gold, not on Bitcoin.

Yakamoto

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Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

It depends on the country and how large the economy of the said country is. There are some countries where Bitcoin would be a benefit but for a fair amount of them, there is little that would be influenced on the national level. I'd be more convinced to say that all the influence of Bitcoin is going to be on the personal level and there will be little beyond maybe a family's worth of people influenced by one person. There won't be any significant national consequences beyond maybe moving a little more money through the borders, and that's not something that can be easily measured if the people don't exchange their Bitcoin into a measurable metric.

pentol86

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Borderless for People, Frictionless for Banks

i think maybe just small effect. too many people still not know about bitcoin. and this can not disrupt a government

herecomesjohnny

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Quote from: machinek20 on January 27, 2018, 05:59:00 AM

Yes if the country with a lot of users being banned then there will be an impact to the user economics, some of yhem even got a full time job in crypto, but the country wont be affected too much, bitcoin doesnt give any advantage to the country because crypto currenices is not regulated

Exactly, because of the nonregulated cryptocurrencies, the effect on the economy cannot be measured. If the country of the resident and the holder of the Bitcoin is bigger then the slight changes in the economic system can be spotted. Even if the Bitcoin is avoiding the tax system in some countries big percent of the investors are paying the taxes when making transfers to the FIAT. This is actually positively influencing the economy of the specific country. Money that is reported has flown out of nowhere and the government is rubbing their hands because of the unbalanced system that regulates the tax income and outcome from the cryptocurrencies.

Peterson410

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The effect is sure, and numerous nations may have a prohibition on ICO for expect that their cash will stream somewhere else.

JerryJam

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Modern financial system is not quite perfect.The threat of inflation always exists. The Treasury can produce a certain amount of money. After some time these money must be repaid with interest. And where to get these percentages. Again you need to take out a loan, and again returned, with interest. And so on to infinity. This leads to inflation and depreciation of money. In this situation, the cryptocurrency has potential. So bitcoin may become the basis for the formation of a new monetary system. It will have a positive impact on the economy of the state.

Siopao

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Yes there will be evident effect especially on bitcoin user. Great impact will be felt by the individual user as it can help them to be financially stable, however other countries' would not value it if its only an individual who'd benefit from it. Economist would look at its benefit as a whole and especially for the country, unfortunately some countries sees it as a threat and as a result ban it.

talkbitcoin

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All I know is that I know nothing.

well right now we have a pretty good example which you can always refer to. and that is Japan.

adopting bitcoin as a currency meant creation of a lot of new jobs. and these jobs require a lot of employees. and economically speaking that is a big deal in any country. so you can imagine the positive effects.

banning on the other hand can mean none of these jobs can be created and at the same time people will have issues investing in bitcoin and possibly others because you can not prevent them from it anyways, and that can mean exiting of money from the country. both of these are terrible for economy of said country.

machinek20

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Yes if the country with a lot of users being banned then there will be an impact to the user economics, some of yhem even got a full time job in crypto, but the country wont be affected too much, bitcoin doesnt give any advantage to the country because crypto currenices is not regulated

CryptoBry

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Quote from: Choyor on January 18, 2018, 08:36:45 PM

Quote from: stevano on January 16, 2018, 06:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

Many governments are viewing Bitcoin and cryptocurrency in general with suspicious eyes practically because this is something they can't control fully and one that many don't actually understand. Some leaders when faced with this situation would just choose to ban the whole thing rather than go into trouble of dealing with it later. On the other hand, as shown by Japan, Bitcoin can be an instrument for economic viability.

Longfellow27

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Yes i think so, because it involves money and it involves business related activities, surely this will affect the economy and implementing ban on it by the government would only mean that something interesting is really happening affecting the community. As we have all known it is global and therefore could also globally impact the whole system of bitcoins. Should there be any change I think generally it will likewise affect the whole. I heard some had gone panic selling of bitcoins after having heard of bitcoins being or about to be banned in their country.

The_Dark_Knight

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Quote from: PalindromemordnilaP on January 18, 2018, 09:34:10 PM

That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.

They are afraid about the former not the latter, they are going to use the excuse of crime to make people do as they wish the same way they have done for years, but the real reason is they are afraid that people will one day wake up and realize the scam economy in which they live, where the rich get richer by doing nothing while they have to waste their lives just to earn a few dollars.

PalindromemordnilaP

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That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.

ronics

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Today there are countries that are beginning to make a bitcoin issue to make a ban regulation. Do have influence in our country and really have an issue on economic value and the most important to certain and many counties to ban it from ICO for fear, for their money to multiply any where.

Topic: is there any economic effect for the country or bitcoin users - page 13. (Read 2399 times)