Topic: The impact of bitcoin on the financial stability of a country - page 6. (Read 920 times)
February 14, 2018, 08:46:23 PM
So it is like an income price elasticity because the more people having an income the more purchases will happen. So what happen to that purchases? We all know that as long as we buy a particular product it has always a tax and that tax will go to the government to sustain the needs of our economy. So in conclusion bitcoin has a good impact to sustain a financial stability of a country.
February 14, 2018, 04:03:27 AM
After the first quarter of the ongoing year we can get the real contribution of bitcoin in a country's financial stability. Because over an year ago Japan adopted bitcoin and the same has made them grow high in different industrial markets. With the calculations of the economic growth before adoption of bitcoin and after adoption will give the perfect result of growth because of bitcoin.
Bitcoin can no doubt contribute in a very significant manner in order to improve the economic condition of any country. The only thing which needs to be done is the recognition of the bitcoin in a positive manner and above all taking such kind of positive steps which can promote the usage of bitcoin in any particular country. If the government take this bitcoin in a positive manner, then there are likely chances that bitcoin will improve the economic condition of that country. 
February 13, 2018, 10:21:27 PM
The impact of bitcoin in terms of stability and growth of ones country is huge investing, transacting, payment, saving and earning in and out of the country brought specific amount to economy for instance our loved ones abroad send remittance to their family, and those who turn bitcoin into cash and by using digital currency..if only government would realize it but then they're not seem ready yet to embrace all of it they kind a studying it.
February 13, 2018, 10:14:59 PM
because bitcoin is not regulated by anyone I think financial stability of a country's to bitcoin has no effect in my country.
if for the individual is definitely very influential.
if for the individual is definitely very influential.
February 13, 2018, 09:11:22 PM
As what I observed in our country, there is no major effect yet of cryptocurrencies but it is a big help for the people who are earning and/or trading it. The wage in our country is minimal so people find extra jobs/business to supplement their income and earning cryptocurrency is one of them. For those who were able to get on cryptocurrency were able to buy some wants but needs to convert to cash since bitcoin cannot be use as mode of transaction so there is circulation of money which can help the businesses and as a whole help stabilize the flow of money in our country.
February 13, 2018, 09:01:04 PM
What is the impact of bitcoin in a country's financial stability?
Right now bitcoin has almost no impact but countries are seeing that it may have an impact in the future if the technology is adopted by a significant amount of the population, so they are doing their best to try to protect themselves from those effects, but the good news for us is if that happens then any measure they try to impose to bitcoin is going to fail and that point the budget of governments could be compromised. February 13, 2018, 08:59:00 PM
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.
I guess I can only give an opinion that a country that can see the opportunity and want to take advantage of Bitcoin will have a huge advantage. Especially with poor countries and small countries who are very expert and like to collect foreign currency. For them foreign currency is very valuable because the exchange rate is very high in exchange for local currency. I'm not sure if Bitcoin can make the country's finances stable or not. I'm also not sure if Bitcoin can affect the financial stability of a country. Clearly, Bitcoin has a big impact if properly managed by a country. Should a small country and a poor country be able to take advantage of this situation and this opportunity. Instead of banning and blocking Bitcoin. 
February 13, 2018, 08:48:11 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.
February 13, 2018, 07:43:57 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.
February 13, 2018, 07:34:21 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.
February 13, 2018, 07:24:37 PM
My opinion is that bitcoin still has no impact to the dinancial stability of a country because only few people from the community uses and transact with it. But if ever there will be that time when large population from a commumity or from a country are bitcoin users then there will be a big impact in make the financial economy of the country be stable. This is not impossible because comparing the number of users from the starter days of bitcoin until now, the percentage of the people who are already into bitcoin is getting larger or bigger day by day. I think, the impact of bitcoin to the financial stability of the country is based on how many transactions users do every day. By this, the value of bitcoin and its utilization increases because it will be in demand on the marlket and that will only be possible if a country have a larger population to engage with bitcoin.
I am one of the active users of bitcoin whom are sharing the knowledge of it to others so that I can help people and the community grow and earn profits from using bitcoin and also to support bitcoin so that earnings will not end.
I am one of the active users of bitcoin whom are sharing the knowledge of it to others so that I can help people and the community grow and earn profits from using bitcoin and also to support bitcoin so that earnings will not end.
February 13, 2018, 07:10:12 PM
Bitcoin has helped people of countries suffering from economic crisis like Nigeria,Venezuela which indirectly helped those countries financial condition to improve.
February 13, 2018, 11:24:06 AM
I don't know much about Economics but what I can based my observations on a the lives of some people I know who are using Bitcoin. Basically, they have more financial freedom than the others, they can buy more things, properties, services and products hence that will have a positive contribution to the country's economy.
February 13, 2018, 09:08:19 AM
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.
February 11, 2018, 01:59:05 AM
What is the impact of bitcoin in a country's financial stability?
I think bitcoin can cause negative effect to a country`s financial stability. Yes, maybe it can help many individual sustain their financial needs, but what if all the transactions of people who use bitcoin specially rich people and companies be done in blockchains? As we know some crypto wallet now can do transactions same as banks and we know that bank is a big factor when it comes to financial matter on a country. Bitcoin wallet now can store money and pay bills which banks are doing. So the profit of the bank may decrease and can cause negative effect to the country. February 11, 2018, 12:40:12 AM
What is the impact of bitcoin in a country's financial stability?
The effect of bitcoin in a country's financial stability is very good because it helps the economy to grow more and develop for it to dont experience financial problems. Bitcoin also helps to those people who use and earn it because it gives them the capability to earn their own money. February 11, 2018, 12:31:13 AM
What is the impact of bitcoin in a country's financial stability?
Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.
Bitcoin had improve the country finance by giving some dollars to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.
February 09, 2018, 06:17:00 AM
I do not think that bitcoin wil have an effect to the financial stability of a country. First all the transaction does not go under the regulation of the government. Second, government (in my country) does not implement tax on the Bitcoin trades so there is no profit in every transaction created with Bitcoin. All the effect were individual but these individual never pay tax for the cryptocurrency payment that is why I do not think that Bitcoin will have an effect on the financial stability of a country as of now.
February 09, 2018, 06:13:14 AM
Still bitcoin does no harm to financial stability cause still btc mostly is being converted to fiat money. Sooner or later this practice will come to the end and bitcoin will be used to buy and sell things and fiat money will be less and less used and this might be a threat to financial system
February 09, 2018, 04:33:12 AM
There is no such big thing like affecting the financial stability of a country by bitcoin because i don't think that there are countries that have a majority or experiencing some bitcoin domination in their country because that is not possible and i can tell that based on my country that even there are a lot of bitcoin users here, there is no impact or effect of bitcoin in our financial stability.
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