Pages:
Author

Topic: is there any economic effect for the country or bitcoin users - page 4. (Read 2328 times)

newbie
Activity: 84
Merit: 0
I see it as this. If a country doesn't use crypto currency in terms of trade of products and services, people tend to use it as an investment. Now people will put in Fiat and and after a while gets more fiat after exchanging dividends from crypto currency without tax. This creates a sort of loss in the part of the government.
Bitcoin clearly has a positive impact on the economy of society and the country, because it provides new jobs as traders or bitcoin investors which in the end will become a lasting profession, such as traders or investors in the stock market.
hero member
Activity: 1596
Merit: 502
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.
full member
Activity: 966
Merit: 102
The economic benefits of using Bitcoin are plentiful, particularly for the needs of individuals. Get out of your poverty and help those around you and create employment opportunities if you're a business.
it's true and all this time bitcoin users have had a lot of economic changes that were not good now after using bitcoin the economy has become very good and has changed a lot
sr. member
Activity: 910
Merit: 255
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 dont believe that any county can ban the use of bitcoin. because bitcoin is based on blockchain technology which is totally decentralized. there is no authority in the world that can stop bitcoin transactions. only if all miners stop mining, than bitcoin transactions can stop. so only miners can ban on the use of bitcoin.
full member
Activity: 1582
Merit: 101
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?

Yea, there may be happen some influence into the economy of that country. Central government of any country giveup their real currency comparing present market situation. As a result there continue a balance in market consumption for people. But BTC is an extra digital currency that is out or central government issue and government can not control it also. So what will be there? When there will be more money in general people their consumption power will raise high and market will imbalance that may be a big factor for another normal people. So government are thinking about it more.
full member
Activity: 476
Merit: 100
I see it as this. If a country doesn't use crypto currency in terms of trade of products and services, people tend to use it as an investment. Now people will put in Fiat and and after a while gets more fiat after exchanging dividends from crypto currency without tax. This creates a sort of loss in the part of the government.
newbie
Activity: 28
Merit: 0
The economic benefits of using Bitcoin are plentiful, particularly for the needs of individuals. Get out of your poverty and help those around you and create employment opportunities if you're a business.
member
Activity: 350
Merit: 10
for the time being, the bitcoin ban by the state does not or does not have an effect, because currently bitcoin or other crypto currencies have not been adopted so much by large companies, but after all companies adopt crypto currency it will give a country's economic influence
full member
Activity: 350
Merit: 100
Bitcoin is currency which is directly influencing economy like on one side it is good for the users and they can make money with it and on the other side the government is not taking any tax on this transaction so the economy is affected by this way but at all the crypto is good for the economy and if users pay some donation to poor people then it is the advantage of crypto.
full member
Activity: 714
Merit: 100
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?

There is no direct effect on every country if they ban the use of Bitcoin currency but they will miss the opportunity that Bitcoin can give like the opportunity to reduce their unemployment issue which is the most common problem of every country. If the unemployment will reduce then the purchasing power of the people will increase making their economy to become strong and stable.
hero member
Activity: 3052
Merit: 606
As long as there are lot of people who are engage in bitcoin they are given a chance to earn and sustain the daily needs. They can buy things what they need and what they wanted. Out from the commodities that they buy the revenue will go to the government and its a big help in building a nation in promoting projects to some certain areas of the country.
Exactly.Both the users and the country itself will have an economic progress knowing the goods and services that are being bought or paid by some users have taxes already implemented by the government.If this will continue to happen,both users and the country will surely make a good economic development along the way.
full member
Activity: 518
Merit: 100
Because of banning bitcoin of some countries , some are getting confused and curious but still  they are continue to adopt bitcoin and believe the benefits that it will give to them. No matter what happen if someone believe on the capability of bitcoin theres nothing to worry.
newbie
Activity: 47
Merit: 0
The thing is there are investors who are investing in bitcoin and are thus contributing in making the economic condition better but still that contribution is not that much sufficient and the governments need to think over it for better economy.
newbie
Activity: 69
Merit: 0
As long as there are lot of people who are engage in bitcoin they are given a chance to earn and sustain the daily needs. They can buy things what they need and what they wanted. Out from the commodities that they buy the revenue will go to the government and its a big help in building a nation in promoting projects to some certain areas of the country.
newbie
Activity: 60
Merit: 0
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?

As we all know, Bitcoin can contribute to the economic growth for a country. It is through decreasing the number of unemployment in the community. Bitcoin procedures help citizens to acquire financial capabilities to sustain individual's need and necessity. For instance, if bitcoin cannot acknowledge by a country, it lessen their chances and opportunity of working and performing bitcoin procedures in their cycle of money.
sr. member
Activity: 1344
Merit: 253
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 will affect the economic of government if they will not make a possible good solution for getting taxes from bitcoin that's why they will conduct totally ban because some of them are actually corrupt when they are use bitcoin with automatic taxes they will not create their own bad intention for corruption right?.
after that, surely the community will be more prosperous because the tax results are used for the development of a country. with this development will certainly improve the economy of the community
member
Activity: 353
Merit: 12
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 will affect the economic of government if they will not make a possible good solution for getting taxes from bitcoin that's why they will conduct totally ban because some of them are actually corrupt when they are use bitcoin with automatic taxes they will not create their own bad intention for corruption right?.
newbie
Activity: 84
Merit: 0
The influence of bitcoin on the country may be because bitcoin is considered unstable and bitcoin can be misused to buy drugs, illegal drugs easily.
full member
Activity: 518
Merit: 100
It depends on the users if he or she will get affected for the the issue of banning bitcoin. Because of the continues popularity of bitcoin and many people are engage on it there are also many negative news that comes out to  destroy btc. We know that bitcoin can change the life  of the users if he or she is dedicated or believe on the capability of it and of she work hard on it.
full member
Activity: 455
Merit: 102
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 don’t think it will have any effect on the economy of any country that bans Bitcoin, but as for Bitcoin it will have an temporary effect on the growth although that will be for the moment as at when it was banned. Just like what happened when China placed a ban on Bitcoin and the price went down, many thought that it will never go up and that it will keep going down from there, but what they see was different, the price recovered in few days.
Pages:
Jump to: