The impact of bitcoin on the financial stability of a country - page 5.

acener

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

I think bitcoin has a huge impact on the financial stability of a certain country, because of this they will be able to balance the needs of the people in terms of money. It has already been proven that bitcoin can indeed reduce the percentage of poverty in a certain country because it is not that complicated to invest and earn using it.

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Quote from: DrGuns4Hands on January 22, 2018, 01:02:10 PM

If you have money, you can avail and buy whatever you wanted and needed. In this case, your money will go through the cycle in the economy. If a lot of people has a capability, therefore all of these money will go through which will results to good stability of money in such country.

so where's the bitcoins involvements there?thats cycle youre pointing is the fiats contribution to economy,but for me bitcoins impact is when the people of every nations involves in cryptocurrencies and their lifes get wealthier,in that sense they are capable of providing financial needs for the families without the help of governments in that case they became stable and so the country too

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Quote from: Ryan Tirta Permana on February 14, 2018, 07:57:25 PM

Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

I think nothing because I live in a country where bitcoin has not been accepted as a legal payment, so if you ask the bitcoin impact on the country's financial stability I can say no, maybe in a country that can pay with bitcoin and declared legal bitcoin as payment might have an impact because the competitiveness of interest from the user itself against bitcoin.

Yeah, most of us really cannot testify to that yet since we actually have a very few percentage of the population adopting it. However, if we take a close look at Japan as a case study, we must have seen the changes it has brought based on the news I read recently on how their GDP increased just by adoption and regulation of cryptocurrency over the few months in last year, so I guess we just have to assume that on a large scale of adoption in the country, it should have some impact.

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Quote from: 19faraon88 on February 13, 2018, 06:43:57 PM

In our Country, its not really accept the crypto currency but the government have approved few Bitcoin Wallet to cater its country men. Because of this, we contribute to the financial stability of our country, through buying goods, wants and needs, using what we earn in bitcoin. Of course, we exchange bitcoin to our own currency before we buy something. Also, bitcoin makes a remittance medium in our country.

Just very few people if I am right will be making use of bitcoin right now and unless it is on a large scale compared to the population of your country, I do not see how the effect on the economy will play out positively. Sure, some of you guys (relating this to other countries as well), will be doing well for yourself, and that is it.

If in the long run, the awareness grows, there is a major impact, more rich people are created who in turn creates businesses and jobs for the non-users, and then we may say that can affect somehow.

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

It will basically give financial freedom to the population and with this the economy of a country will grow. People will earn so do as the nation if cryptocurrency is regulated because the government can claim taxes on every transactions done in cryptocurrency. Though financial stability is not a big concern with regards to the economic growth because of the volatility of bitcoin but it can give boost to the economy.

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Quote from: longskie0327 on February 21, 2018, 07:07:43 PM

Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...

You are talking about Japan. But you have to remember that it is one of the most highly developed economy, which equate to being in the top 3 of the world's purchasing power parity. So I don't think that we can used them as case study on the impact of bitcoin in the countries economy. I think we should look at how the third world countries is being affected by it. I will assumed though not much impact to their economy and if there is, it s small contributory factor. What's positive though is that the people are really the winning here. They have enjoyed more purchasing power, because they have earn so much from crypto that most of us have financial freedom today.

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Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

It depends on how a certain country use bitcoin. If they are using bitcoin in solvong all of their financial problems, then the economy of a countty will surely went well. If they are using bitcoin for illegal transactions, bitcoin will negatively impact them that's why in order to gain more benefit in bitcoin, they should use it more often in the right things with a good intention.

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Bitcoin has a big impact on the financial stability of a country. Bitcoin gives people a chance to be a financially stable, if more people in a country uses and working in the crypto currency, then it will be a good result to the countries economy. Because no more poor anymore and everyone has the capability to pay their own taxes and that helps the country to earn more funds.

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Quote from: Glorious04 on February 13, 2018, 06:34:21 PM

The country’s financial stability no. I dont think bitcoin Has an impact but for some indviduals yes. The country as a whole does not get profit from people’s holdings of bitcoin. Who benefit from it? The holders, and the exchanges or the channels.

Unless the country in itself decides to adopt the usage of bitcoin and created awareness for it and then a huge percentage of the population believe in the idea of making use of it and then it ended up increasing the economy of the nation with the global adoption and increase in value, there is really no other way I see that it can affect the financial stability of the economy and this is in the sense that the government is not corrupt anyway because at the end it all balls down to the government.

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Quote from: dynospytan on February 13, 2018, 07:48:11 PM

Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

Bitcoin did a big role in our country in terms of sending money from abroad. A lot of Filipino are now using bitcoin as an extra income even they are in other country. They help our country by increasing our dollar reserve by sending a money that came from bitcoin. Aside from that it is really hard to find a job here in the Philippines but thanks to bitcoin because even they didn't finish their studies they can now able to earn money by the use of bitcoin.

Sending money from abroad does not really have anything to do with financial stability anyway, it is just one of the great advantages of bitcoin and the idea of cryptocurrency which makes us not to have any border barrier in spending or making transactions, considering what has been imposed by the government usually.

However, regarding financial stability, that depends on the government and a government that is not able to financially stabilize normally as a result of corruption or bad dealings, I see no way bitcoin can change that.

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Quote from: tannerchum on February 14, 2018, 08:43:29 PM

Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

It gives big impact to our country. Just like for example, the people living will live a happy and comfortable life because they can do what they want in their life. Bitcoin brings happiness and financial stability of every people in the country. We consider that bitcoin gives work and can obtain knowledge and ideas about the reality goes on. If many people become rich for sure our country will be rich too. Because it add income to the economy.

but the reality is just only few bitcoin users that exist in a countries, I know you've got better financial and economic change because of the effects of bitcoin but that does not mean only 1 individual can change the economy of a country right ? while 1 country has tens of millions of people? I think bitcoin will have an effect for economy a country when there are million people like you in your country, of course your country's economy will get better

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The bitcoin is the digital money but it has a good impact over the financial stability of a country like if we look at the financial system the money create many differences in the country economy like the if the people hold the bitcoin or crypto they will use it some time and they pay and receive on this amount some income from which the governments will receive some taxes on consumer taxes and that's why we can say that this strengthen the financial system.

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Quote from: balakang00 on February 08, 2018, 01:50:04 PM

Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

The impact of bitcoin is great for those who have the financial intelligence and money to invest in bitcoin. But in general, it does not really affect the financial stability of a country. It is still depends upon the government and the people on how they will earn money.

The effects of bitcoin are still small since its size is not that big and the people still trust mostly in the economies of their countries, but in countries where the economy has collapsed bitcoin is flourishing this should give to us hope that when thing go wrong people will use bitcoin to avoid sinking with their own country the same way people have used gold for centuries to avoid that fate.

ronics

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Bitcoin provides the opportunity to be a profits and investor someday to help people make their lives even better all can buy anything that has salaries field to reach and make an insight and properly savings for the future growth with economy and further improves and expenditure of people increase though one hour to government does not look at bitcoin help but in the future is its a thing that will really make a good impact for everyone.

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maybe, for now, there are no impact of bitcoin on the financial stability of a country because bitcoin is not yet accepted in many countries. but I only know that bitcoin give a big impact on every people which involve in bitcoin world and they can have the money from bitcoin. they can try to make money from the way of bitcoin and then he can try one or more way to start collecting the bitcoin.

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

Impact of bitcoin it can help other people to gain more money save the unemploymed help the poor people as long s they are interested into it

batang_bitcoin

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The impact of bitcoin to the financial stability of a country for now isn't clear as there are not that much adoption that's happening. But I'll give an example, if a country is fully supporting bitcoin and there's a regulation on the said country, financial stability of that country will become even stronger just like where they are getting taxes it's one of the best place for them to depend as an industry. And it will be even great if there are many whales who are living on that country and their balances are taxable.

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

It gives big impact to our country. Just like for example, the people living will live a happy and comfortable life because they can do what they want in their life. Bitcoin brings happiness and financial stability of every people in the country. We consider that bitcoin gives work and can obtain knowledge and ideas about the reality goes on. If many people become rich for sure our country will be rich too. Because it add income to the economy.

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Quote from: GreenDee on January 22, 2018, 12:57:09 PM

What is the impact of bitcoin in a country's financial stability?

I think nothing because I live in a country where bitcoin has not been accepted as a legal payment, so if you ask the bitcoin impact on the country's financial stability I can say no, maybe in a country that can pay with bitcoin and declared legal bitcoin as payment might have an impact because the competitiveness of interest from the user itself against bitcoin.

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