is there any economic effect for the country or bitcoin users - page 3.

resty

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Quote from: stevano on January 16, 2018, 07:20:57 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?

economic for every country is not affected once bitcoin would totally ban because in the first place it could not already use it in general it is still on the floor for negotiation and evaluation with the people. its up to us how bitcoin become number one it depends upon the good service that they serve us and actually it was very tested to many people including me.

cizatext

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The banning of cryptocurrency activities in some countries will have great negative effect on the citizens of such countries as they will be limited to one side of carrying out transactions such as the traditional financial system which is full of third party involvement that is taking back the financial freedom of the citizens of those countries.

Ozero

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Quote from: stevano on January 16, 2018, 07:20:57 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?

Earlier there was information that after the recognition of Bitcoin as a means of payment in Japan in April 2017, only for the remaining period of this year, the cryptocurrency gave a profit to this country's economy by a few tenths of a percent. The figure is a small, but this is almost the first six months. Let's see how much profit cryptocurrency will give this country this year. Also in Japan, after the legalization of cryptocurrency, there was an increase in the growth of the general financial well-being of citizens.

patarfweefwee

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Actually if crypto currency holders use a local fiat to buy ceypto currency and won big in their investments and cashed out then that value will be added to the country and would increase the spending power of a person therefore be able to actually buy more and circulate more income into the economy.

Dimas99

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Quote from: stevano on January 16, 2018, 07:20:57 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?

of course there is an influence if there is no government that will not prohibit the existence of crypto currencies, in my opinion the crypto currency is good or bad depending on the intention and purpose of the investor itself

loopes

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Quote from: stevano on January 16, 2018, 07:20:57 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?

Usually the effect is not for long term, people always realize that bitcoin can make their transactions easier and give them complete freedom in their transactions. Bitcoin is Really one of investment type that based on sentiments, any news can influence bitcoin price because there is no central authority that control it's price.

sidodadii

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some country imitated the other country for their economy progress, its good if it can be implement and have positive effect for them. but sometime it fail to implement. effect will apply to user and government itself. user cant use bitcoin again, than government will free from anxiety. but it have the other effect if bitcoin can bring someone or party to be success.
effect of.bitcoin is big for people that know it.

Lorin

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Banning bitcoin in other country has economic effect to the country and even to the bitcoin user because more people are investing into bitcoin and they will afraid to invest due to the banning of btc. It will decrease the number of users of bitcoin, we all know that bitcoin can help to earn a good profit, it may cause to increase again those people who dint have stable job.

satriagedhe

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Quote from: Hydrogen on January 17, 2018, 07:40:00 PM

Quote from: stevano on January 16, 2018, 07:20:57 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?

....

When a retail website like amazon.com goes down. There are some who claim this can represent millions in lost revenue. The same principle could apply to currency support. If there is a high demand for bitcoin and alts which are banned. That demand often can't be replaced. Its based on value and utility. Banning bitcoin is like shutting down the golden gate bridge or something people need and rely on which can't easily be replaced. A ban on crypto definitely represents negative impact upon the economy of a nation. I don't think there is anyone in the world who will argue with that. The only question is how much of a negative impact does a crypto ban represent.

There is also a side issue where independence movements across the world are likely to embrace bitcoin and crypto currencies to gain further independence from central banks. Brexit, the catalan independence movement and similar social reformation occurring around the world could embrace bitcoin and crypto. These bans could become polarized in the sense that independence movements may be likely to legalized and support crypto while those who oppose independence may move to ban crypto as they are able.

just agree with this , even the affect with indirect affect but it still affect that user who using bitcoin on that banned country

KorakPawon

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Quote from: stevano on January 16, 2018, 07:20:57 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?

I think there's correlation between the ban and the economic value. When government legalized bitcoin and there's economic issue coming up the stabilization of a country will be affected, it's because the regulation done by government which affect bitcoin prices, and of course affect the tax which controlled by government, and so on, so fort they affect each other. Moreover, bitcoin offers more advantages to people rather than fiat, so government started to worry about that, that's why banning might be the choice to stabilize the economic value.

Yurkov

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With time, everyone will understand that limiting Bitcoin does not make any sense. Technological development can be slowed down, but it can not be stopped. In the future, people will learn how to get the benefits of using Bitcoin and everyone will be satisfied.

aryatrals

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Quote from: stevano on January 16, 2018, 07:20:57 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?

if a country limits bitcoin, then the effects that occur for bitcoin buying and selling do not develop, this is certainly very detrimental to most businesses, state losses may not exist but the potential benefits that must be gained by supporting bitcoin are very large, if business people can be facilitated , there will be more income for state revenues.

Pattart

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Quote from: pieppiep on September 25, 2018, 09:10:37 AM

it seems that the very visible influence of the use of bitcoin in his country might make his economic condition better because all transactions can be done from various countries and all payments will be safe and comfortable and can be done anywhere without having to complicated it to do payments between countries.

for the economy it can certainly have an effect, because there are millions of users in bitcoin today and many of them benefit from investing here. certainly will greatly affect the economy in that country. isn't that a function of investment? improve people economy?

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Quote from: phelbaby on November 27, 2018, 02:04:12 PM

If a country usually was having a high demand of Bitcoin and it is than banned it will definitely have an Economic effect but in a situation were the demand is very low,the effect will be less.

Indeed, if bitcoin banned in a country, demand on that country must be decreasing and people afraid to invest in bitcoin. But i dont think it will give big effect to global cryptomarket because cryptomarket already worldwide

phelbaby

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If a country usually was having a high demand of Bitcoin and it is than banned it will definitely have an Economic effect but in a situation were the demand is very low,the effect will be less.

KesoNie

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Quote from: Ahimoth on November 27, 2018, 07:19:29 AM

Quote from: toast on November 27, 2018, 06:35:11 AM

Quote from: stevano on January 16, 2018, 07:20:57 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?

if many countries and countries forbid, of course there is a reason, of course, that the reason is related to the economy and perhaps that reason makes it prohibited, even though the good development of the crypto currency depends on the investor itself.

When someone is user of Cryptocurrency and that person is jobless then he/she has effect to their country to lessen the unemployed. So if crypto become popular to their country then surely it will help their economy to be a better. Cryptocurrency is really helpful especially to those people who really need a financial support because crypto help someone to get huge earning.

Yes of course there is economic effect those people who using Bitcoin because it help many people in financial. And there's also effect to the users of Bitcoin because if many people interested to it then the cause of it is the growing users and the rising value of Bitcoin. Since Bitcoin is limited and the demand is rising then surely its become more valuable.

ninokh

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Quote from: stevano on January 16, 2018, 07:20:57 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?

most countries ban bitcoin because they fear bitcoin is just a bubble and also they are afraid that bitcoin is used for criminal activities such as money laundering and terrorist financing. and they are also afraid that bitcoin will defeat their fiat money and defeat their banking system.
and of course Bitcoin has a good effect on the economy of its users. I can achieve financial freedom after working in crypto.

Ahimoth

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Quote from: toast on November 27, 2018, 06:35:11 AM

Quote from: stevano on January 16, 2018, 07:20:57 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?

if many countries and countries forbid, of course there is a reason, of course, that the reason is related to the economy and perhaps that reason makes it prohibited, even though the good development of the crypto currency depends on the investor itself.

When someone is user of Cryptocurrency and that person is jobless then he/she has effect to their country to lessen the unemployed. So if crypto become popular to their country then surely it will help their economy to be a better. Cryptocurrency is really helpful especially to those people who really need a financial support because crypto help someone to get huge earning.

toast

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Quote from: stevano on January 16, 2018, 07:20:57 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?

if many countries and countries forbid, of course there is a reason, of course, that the reason is related to the economy and perhaps that reason makes it prohibited, even though the good development of the crypto currency depends on the investor itself.

squog

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It does affect crypto currency users because they have a viable decentralized currency that they could invest in and take advantage of it's price volatility. This added revenue for crypto currency users could be used to purchase goods and services in the market and would in turn bolster the economy making it healthier.

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