Topic: the contribution of bitcoin to the individual economy - page 2. (Read 319 times)
Bitcoin can't save the falling economy of the country. The volume of the cryptocurrency market is much smaller than Fiat. Cryptocurrencies are not intended to lend to the modernization of enterprises. The positive effect of cryptocurrencies lies only in the fact that users can earn income outside of their country. This money will be exchanged for the national currency spent for everyday needs. This will warm up the demand a bit but there will be no serious effect for the economy.
Do you think bitcoin can contribute to the economies of a country that is down?
Of course it can. When individuals have more money on their hands to spend, they help to keep the economy in circulation. It's a prosperity looping circle that is built by the individual choices of each one. It means more profit for shops that consequently will make its owners spend more in another shops and hire more services.
and by what methods to maximize bitcoin function so as to improve the country's economy?
Just let people enjoy their money, don't cut investor's profit, don't regulate it in a way the individual will have less money to spend.
Let the individual improves the country's economy by himself.
is legality and adoption needed to facilitate bitcoin performance?
Adoption is surely needed, legality could help, but it will depend how this legality will be done by the local authorities of each country.
since bitcoin is popularized, of course many users have improved financially for the economy, although not everyone can now take advantage of it, but I think almost all users can benefit from bitcoin because of the knowledge factor even a few of those who have success from business bitcoin.
with the fact that we know that bitcoin is capable of improving individual economic users.
Do you think bitcoin can contribute to the economies of a country that is down?
and by what methods to maximize bitcoin function so as to improve the country's economy?
is legality and adoption needed to facilitate bitcoin performance?
share your opinion, thank.
In my opinion, yes it's true that bitcoin has helped many people to gain an additional amount of wealth. Many people have taken advantages of the price fluctuations but there are yet another set of people who are unable to gain most out of the price fluctuations and have reaped losses thus running out of their finances.with the fact that we know that bitcoin is capable of improving individual economic users.
Do you think bitcoin can contribute to the economies of a country that is down?
and by what methods to maximize bitcoin function so as to improve the country's economy?
is legality and adoption needed to facilitate bitcoin performance?
share your opinion, thank.
So definetly proper market study and research may help the economy and add to its development. Methods that may help a country's economy to boost up may include initial steps by the government itself to legalization and spreading awareness among masses.
Legalization and adoption would prove to be fruitful in many a ways to the economy. Taxation regime can be built once bitcoin is legalized and it can go about to help the devel3of economy.
Do you think bitcoin can contribute to the economies of a country that is down?
Yes it does. The reason as to why is because it does not require a diploma or a degree to be able to invest, trade or to work for campaigns here in the forum. All that a person needs is a considerable knowledge on the English language and the determination to study hard as much as he can about crypto currencies. The right knowledge is the biggest asset or strength any person in the crypto world can have.
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and by what methods to maximize bitcoin function so as to improve the country's economy?
The country should open it's doors to the innovation that bitcoins can offer and widely spread real news about it instead of spreading fud. A free detailed course about it for everyone interested would also be great. in short, legality and adoption.
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is legality and adoption needed to facilitate bitcoin performance?
Yes it is. Because if people are hiding their assets and cannot use it because the government is not supporting it, people who will use it are going to decrease or if not, increase very slow. facilitation will require a huge amount of resources, but even so, they can gain it back easily and more with taxes. Which can really help improve the economy. That's pretty much it as far as I know.
Do you think bitcoin can contribute to the economies of a country that is down?
Of course it can. When individuals have more money on their hands to spend, they help to keep the economy in circulation. It's a prosperity looping circle that is built by the individual choices of each one. It means more profit for shops that consequently will make its owners spend more in another shops and hire more services.
and by what methods to maximize bitcoin function so as to improve the country's economy?
Just let people enjoy their money, don't cut investor's profit, don't regulate it in a way the individual will have less money to spend.
Let the individual improves the country's economy by himself.
is legality and adoption needed to facilitate bitcoin performance?
Adoption is surely needed, legality could help, but it will depend how this legality will be done by the local authorities of each country.
currently bitcoin only benefits certain individuals only, because as you say not everyone can access bitcoin, because of certain factors.
legality is needed so that bitcoin can be used by all parties or groups. thus bitcoin will be useful for everyone.
legality is needed so that bitcoin can be used by all parties or groups. thus bitcoin will be useful for everyone.
A kind of plague, a person gets rich from altcoin and bitcoin trade. at least some friends, neighbor, and relatives get a better economy. and can make extra money.
They already have a community and continue to grow to this day. I think it's good for the economy in my country.
They already have a community and continue to grow to this day. I think it's good for the economy in my country.
individually speaking it depends on how one uses bitcoin. some people are acting more rational and they use their brains. and because of that they can make a very good amount of profit and as a result they can improve their finances a lot.
but not everyone is like that. some people are not so rational, they make weird decisions even. for example i know people who waited whole year last year to buy bitcoin and only did it when price was nearly $20,000 and sold while cursing everyone else at <$10k. so obviously their are ruining their finances!
speaking of a whole country it depends on how they are going to treat bitcoin. if they go on and ban it like Bangladesh then there won't be any merchants there accepting bitcoin, there will only be investors who do it underground and hidden. so only individual improvement is possible.
but if like at least 30 other countries including Japan, Germany, Australia, Switzerland,... they adopt bitcoin and consider it as a legal currency there can be a lot of new jobs created in their country and new jobs can put a lot of people to work and as a final total result it can improve the economy of the whole country.
but not everyone is like that. some people are not so rational, they make weird decisions even. for example i know people who waited whole year last year to buy bitcoin and only did it when price was nearly $20,000 and sold while cursing everyone else at <$10k. so obviously their are ruining their finances!
speaking of a whole country it depends on how they are going to treat bitcoin. if they go on and ban it like Bangladesh then there won't be any merchants there accepting bitcoin, there will only be investors who do it underground and hidden. so only individual improvement is possible.
but if like at least 30 other countries including Japan, Germany, Australia, Switzerland,... they adopt bitcoin and consider it as a legal currency there can be a lot of new jobs created in their country and new jobs can put a lot of people to work and as a final total result it can improve the economy of the whole country.
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Do you think bitcoin can contribute to the economies of a country that is down?
Yes, if the country decides to adopt the use of bitcoin, and if there is a larger population of bitcoin users in the country. Since, we are still in the early adoption phase, as far as I am concerned, it should contribute in the short and long term.Quote
and by what methods to maximize bitcoin function so as to improve the country's economy?
Bitcoin functions already as a payment system and as an asset for those who want to hold, it is the adoption that counts, if it will have effect on the economy or not, or the future of bitcoin as a preferred global payment means which I am optimistic about.Quote
is legality and adoption needed to facilitate bitcoin performance?
We already know that adoption helps a lot for the future development of any technology. Without high level of transaction, there would not have been a dire need for scaling. Legality on the other hand, should help create awareness and I have no problem with it. The earlier we have it, the better, since it is not like the government will end up staying quiet anyway.
since bitcoin is popularized, of course many users have improved financially for the economy, although not everyone can now take advantage of it, but I think almost all users can benefit from bitcoin because of the knowledge factor even a few of those who have success from business bitcoin.
with the fact that we know that bitcoin is capable of improving individual economic users.
Do you think bitcoin can contribute to the economies of a country that is down?
and by what methods to maximize bitcoin function so as to improve the country's economy?
is legality and adoption needed to facilitate bitcoin performance?
share your opinion, thank.
with the fact that we know that bitcoin is capable of improving individual economic users.
Do you think bitcoin can contribute to the economies of a country that is down?
and by what methods to maximize bitcoin function so as to improve the country's economy?
is legality and adoption needed to facilitate bitcoin performance?
share your opinion, thank.
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