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Topic: is there any economic effect for the country or bitcoin users - page 5. (Read 2399 times)

member
Activity: 280
Merit: 10
I think bitcoin will give a good effect for the economy of the country that has legalized the use of crypto currancy, economic growth will be better than the countries that do not use crypto currancy
Of course there are economic benefits for users of electronic money. Especially copper bitcoin if you know the grasp of the opportunity will have many assets. Wealth has come to them, and will flourish for the national economy.
sr. member
Activity: 532
Merit: 250
Yes definitely there is an economic effect to the country and the bitcoin users because users are given the chance to earn to improve their economic situation. Since people have earnings they can buy what they need for their everyday living and the taxes from the goods they buy will go to the government so both have good effects.
Yes there is effect in one country there economy it become better, cause if one bitcoiner earn from his investment he become successful. And all the things he bought all of this have taxes will go to the government so that if one country have lots of users they give more taxes and there country become successful cause there economy it grows.
jr. member
Activity: 56
Merit: 1
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 believe that Bitcoin is affecting you negatively when you’re losing more money than you’re getting in every month. So when it comes to a country, we’ll actually say that when the loss or the amount of money that leaves the country’s purse is bigger than the profit they have made, then it’s a negative effect.

But we are all not going to make profit, there will always be people that made loss. That’s why it’s good to work hard so that you be better than others at the end.

I agree on your opinion, some people are using bitcoin as their source of income and as I observe some of that people is already in success state because of their dedication and good mindset maybe it will affect the status of the economical growth of a certain country in that way.
newbie
Activity: 31
Merit: 0
The economic effect is divided into two phases, one is that in which the volatility increases, which means the economic system for the country will no longer be stable on a daily basis and the prices of the unit of currency will be unified through but variable on a daily basis
full member
Activity: 327
Merit: 100
Open and Transparent Science Powered By Blockchain
cryptocurrency market is completely different for local country economy so it wont affect economy and bitcoin is decentralised society for growth

I agree with you. Every country has its all in law about cryptocurrency and their own money in economy. It is only a fact for a bitcoin users store except song features from the government.
sr. member
Activity: 423
Merit: 250
I think bitcoin will give a good effect for the economy of the country that has legalized the use of crypto currancy, economic growth will be better than the countries that do not use crypto currancy
Technology is the only factor that can boost your economy when all the remaining factors of production and employed at full level of employment. In such a case the output is increased by the use of technology like we have witnessed in Europe in the early 1990s.

Having said that, technology like Bitcoin can affect the economy of a country by making it easy for people to avoid extra costs, save more and employ people.
hero member
Activity: 854
Merit: 501
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 believe that Bitcoin is affecting you negatively when you’re losing more money than you’re getting in every month. So when it comes to a country, we’ll actually say that when the loss or the amount of money that leaves the country’s purse is bigger than the profit they have made, then it’s a negative effect.

But we are all not going to make profit, there will always be people that made loss. That’s why it’s good to work hard so that you be better than others at the end.
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
Yes, Bitcoin has an economic effect to the country especially to the users for it helps the economy by earning taxes and to the people or users who are willing to do work hard in Bitcoin. Mostly, its effect to the country only due to taxes or vats that earned.
There are economic benefits for countries who decide to adopt and legalize bitcoins in their respective countries. The taxes that the people who use the crypto will help immensely when it comes to generating revenue for the country and there are also people who have established business by trading in bitcoins as well which give them profits.
PIR
member
Activity: 322
Merit: 10
CRYPTOBLADES Octoblades 10.10
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?
Maybe I think yes, yes because some of investor buy cryptocurrency to their own money from their work, office, government etc. and some of them specially if they reward in their work in crypto, they buy some goods, cloths, car etc., and you pay taxes that going to government.
member
Activity: 238
Merit: 11
States that have a low level of development are very profitable to use cryptocurrency. For example, there is not developed industry but only agriculture which does not bring big profits. The people there live below the poverty line . The use of cryptocurrencies in these countries will allow them to improve their financial situation and ensure the flow of capital to the state Treasury.
member
Activity: 271
Merit: 10
Yes, Bitcoin has an economic effect to the country especially to the users for it helps the economy by earning taxes and to the people or users who are willing to do work hard in Bitcoin. Mostly, its effect to the country only due to taxes or vats that earned.
member
Activity: 454
Merit: 10
"Reserve Your Ledger at GYMLEDGER.COM"
Yes there is an effect. There are so many people that are unemployed. But because of bitcoin theu are given a chance to have an income. And if people have money they have many money to spare. And by this, they can help boost the economy.
sr. member
Activity: 1463
Merit: 265
Pepemo.vip
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 not cause it is still just a begin of crypto in countries, maybe in future that could hit economy or people but now it is just to low percentage of people that this situation could be seen.
member
Activity: 333
Merit: 10
Lifestyle & Wellness Platform
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.
I think the fact that countries banning bitcoin will affect the full price of the crypto market. If I remember correctly, in October 2017, China issued a ban on bitcoin and bitcoin prices fell sharply.
member
Activity: 78
Merit: 10
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?

Those countries are depriving the citizens from an awesome opportunity to make money. They will always lack in terms of development.
full member
Activity: 364
Merit: 100
I think bitcoin will give a good effect for the economy of the country that has legalized the use of crypto currancy, economic growth will be better than the countries that do not use crypto currancy
newbie
Activity: 33
Merit: 0
Engaging in bitcoin activities elicits economic effects to both the country and users. Investors do not keep bitcoins forever, through exchanges and fiat money they meet their needs as the case maybe. The effect is that bitcoin career or hobby people are being productive in a sense - an idle mind is the devils workshop. It also affects commerce, standard of living, puts conventional economic operators and governments on their toes, create employment to programmers, miners and many more in the value chain. 
sr. member
Activity: 700
Merit: 252
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 influence is certainly there, because each country also has the authority of each is prohibiting or not prohibiting bitcoin. because some countries also think that bitcoin is high risk and quite harm the state. but for some people sometimes some do not believe in this.
full member
Activity: 378
Merit: 100
When Football meets Crypto
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 there is a huge effect, there are a lot of people today who are working on the corporate world and switching to become a cryptocurrency trader and the employees are decreasing so eventually business will be affected.
sr. member
Activity: 910
Merit: 257
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 is, but only partly. Right now, the amount of users that support and actually do business using cryptocurrencies, especially in some countries, are not that many to inspire changes on their economies or business sectors at least. I think for cryptocurrency ventures to be considered to make such changes, it should first reach a level that many people are actually using it before it can have such country wide effect.
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