Topic: May Or May Not any Digital Currency disturb Any country's Economics?? - page 3. (Read 358 times)
December 18, 2017, 02:39:01 AM
It is hard to increase our income,and our only source of income is only our salary in our stable job.For me as an employed mother my salary is not enough to sustained everything especially when your expenses is higher than your salary ,its affects the economy through poverty those people who need an extra income helped by bitcoin to increase their net worth and saying its affects economics because a once persons who earned a lot makes an economy growth.
December 17, 2017, 07:52:16 AM
I guess this highly depends on which country is affected and what rules they try to imply when it comes to Bitcoin usage. Here in the Philippines, there are no rules towards Bitcoin. Despite the said fact, its popularity towards the Filipinos has continually been increasing, making more people be dependent on it. This can somehow affect the economy since they are not being taxed or regulated accordingly. In a country where tax is not put into good used, I think Filipinos are glad they have Bitcoin earning but are not worried with its effect towards the economy. Many people would fail to see the bigger picture in this situation for it benefits them exponentially.
December 17, 2017, 07:32:51 AM
Crypto is way too small to cause any kind of substantial effect to any, except maybe the poorest of the poor countries. It has to be noted that they might not even be able to even if they grow big enough; governments are getting smart and are starting to regulate them. There's no way they're going to let cryptocurrencies get out of hand.
One example of crypto making a significant impact on a country though? North Korea. There hasn't been any solid evidence yet, but they've always been in talks about hackings and Bitcoin thefts. Stolen Bitcoins could very well be funding their nuclear program for all we know. No other country seems to be seeking funding from Bitcoin, except maybe the occasional government selling of seized Bitcoins.
One example of crypto making a significant impact on a country though? North Korea. There hasn't been any solid evidence yet, but they've always been in talks about hackings and Bitcoin thefts. Stolen Bitcoins could very well be funding their nuclear program for all we know. No other country seems to be seeking funding from Bitcoin, except maybe the occasional government selling of seized Bitcoins.
This could happen in developing countries or below. The proof, some countries that prohibit the circulation or transaction of bitcoin and other cryptocurrencies have the reason that cryptocurrency can be a threat for the economy because of the potential to be a means of crime.
Therefore, I feel that cryptocurrency can be accepted by countries that have a healthy economy, so this cryptocurrency can have a positive impact on their economy, not the otherwise.
December 17, 2017, 06:56:51 AM
Crypto is way too small to cause any kind of substantial effect to any, except maybe the poorest of the poor countries. It has to be noted that they might not even be able to even if they grow big enough; governments are getting smart and are starting to regulate them. There's no way they're going to let cryptocurrencies get out of hand.
One example of crypto making a significant impact on a country though? North Korea. There hasn't been any solid evidence yet, but they've always been in talks about hackings and Bitcoin thefts. Stolen Bitcoins could very well be funding their nuclear program for all we know. No other country seems to be seeking funding from Bitcoin, except maybe the occasional government selling of seized Bitcoins.
One example of crypto making a significant impact on a country though? North Korea. There hasn't been any solid evidence yet, but they've always been in talks about hackings and Bitcoin thefts. Stolen Bitcoins could very well be funding their nuclear program for all we know. No other country seems to be seeking funding from Bitcoin, except maybe the occasional government selling of seized Bitcoins.
December 17, 2017, 06:38:36 AM
of course not Gan, there is no relationship its currency of the country with bitcoin, because bitcoin similarly ... bitcoin is the currency of the "state" digital, so will not affect the value of currency any country.
No buddy. Bitcoin is indirectly help to increase the country Economy. Many of people now doing the bitcoin business as a part time apart from their regular job and some do the bitcoin trading as full time with out the job.This bitcoin income influence their family income and expenditure.So indirectly bitcoin involved in country economy's growth.
On the other hand,bitcoin may affect some countries by making ease money launderers to transfer their wealth out of the country or to just hold it in bitcoins hiding it from the radar of the government.By this way,huge tax revenue is lost for that country.
December 17, 2017, 05:25:13 AM
Quote from: Bilalrahi link=topic=2599569.msg26457011#msg26457011
date=1513463808
date=1513463808
Always explain your thoughts in while being OP, it gives clearer
picture what do you want to say in the first place. If you can express
yourself then people can explain you in better ways too. :-)
Well, from the title I will say that digital currency or crypto's
really, can never disturb the national economy as long it was
completely different circle from what we are having currently. The
transactions, circulating money in the bitcoin or crypto world is
coming from the national wealth or economy and it also gets back to it
because money s exchanged for money and that way everything is
balanced properly. You an say that it would have disturbed the
country's economy if the money was sent to crypto and it never came
back in the global circulation. I am pretty sure that nothing like
that can happen in first place. :-)
December 17, 2017, 02:28:51 AM
Bitcoin is going to disturb countries economoy if it is going to keep growing big.
Think about it like that, if people starts using bitcoin only, they will be able to avoid paying fees to the country, a thing that will make the country to be in deep debts.
Not only that, it's going to decrease the value of the country's currency and may cause the country to make an huge inflation.
December 17, 2017, 02:15:40 AM
of course not Gan, there is no relationship its currency of the country with bitcoin, because bitcoin similarly ... bitcoin is the currency of the "state" digital, so will not affect the value of currency any country.
No buddy. Bitcoin is indirectly help to increase the country Economy. Many of people now doing the bitcoin business as a part time apart from their regular job and some do the bitcoin trading as full time with out the job.This bitcoin income influence their family income and expenditure.So indirectly bitcoin involved in country economy's growth.
December 17, 2017, 02:07:25 AM
of course not Gan, there is no relationship its currency of the country with bitcoin, because bitcoin similarly ... bitcoin is the currency of the "state" digital, so will not affect the value of currency any country.
December 17, 2017, 01:54:15 AM
December 17, 2017, 01:48:43 AM
It depends, probably in a small country if everyone start using a crypto currency and left over creditcards, they economy may collApase.
December 17, 2017, 01:38:13 AM
It matters how far crypto is allowed to reign in a country to see what it would do to that country. If Cryptocurrencies are regulated, of course it's not going to be allowed to disturb anything that's going on. But if it is given free will, then Bitcoin and the other cryptos will SLOWLY (most likely) take over a countries finances as people switch to it as they'd have no reason to.
This government would probably lose economic control of their country, as they can't issue currency, raise interest rates -- etc.
It would totally disturb a country's economy.
This government would probably lose economic control of their country, as they can't issue currency, raise interest rates -- etc.
It would totally disturb a country's economy.
December 16, 2017, 06:42:49 PM
It depends, probably in a small country if everyone start using a crypto currency and left over creditcards, they economy may collApase.
December 16, 2017, 06:36:48 PM
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