I doubt if cryptocurrency had huge trust by the people, people around myself only know the definition, but if you ask them whether they have cryptocurrency or not, mostly they will say no. It could be they just want to protect their privacy, but majority of people are don't care with privacy too.
Even though Bitcoin is a huge change to centralization, but the government don't have any problem with Bitcoin because people willing to use CEX to trade their coins, so the government can easily know the wealth and trading history of every person.
Topic: The influence of cryptocurrencies in economy - page 3. (Read 459 times)
The rapid rise of Bitcoin is about changing how we value and trust. Although governments scramble to regulate, they can't control it. That's Bitcoin's beauty and beast. Game-changing because it challenges economic paradigms. You mentioned trust? It's financial autonomy paradigm shift, not just trust. People hate economic puppeteers and centralization. Bitcoin is a decentralized alternative. Its decade-long survival shows its endurance and the global desire for financial freedom
How about cost? It reflects the communal belief in a non-traditional system, not merely demand and supply. It will endure and expand because it is a financial beacon
How about cost? It reflects the communal belief in a non-traditional system, not merely demand and supply. It will endure and expand because it is a financial beacon
Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.
So far, Bitcoin is still doesn’t have any impact that can affect a country economy. The demand on Bitcoin is still not effect to consider it to affect economy. It’s the opposite, The current economy affects Bitcoin positively since people choose Bitcoin as safe haven investments to dodge economic crisis due to inflation and recession.
Bitcoin is still not a legal tender on a major country. Which means fiat is still control the majority of the global economy. But maybe in the future this thread will stand if everyone is already using Bitcoin as substitute to fiat for all kind of transactions.
Say about the entire crypto market is what the government of each country is looking at. We've seen people that are jobless that have made their own dedication and allotted time into full time airdropping and bounty hunting.
Some may be successful in it and those that earns real money from it contributes to a country's economy. They have to see that part where someone who doesn't have a source of income but because of the crypto market itself and the opportunities that are in it, gives someone an opportunity to earn although they're temporal.
Some may be successful in it and those that earns real money from it contributes to a country's economy. They have to see that part where someone who doesn't have a source of income but because of the crypto market itself and the opportunities that are in it, gives someone an opportunity to earn although they're temporal.
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Well if you're talking about the crypto scene in general, and not the economy itself, then yeah, it has changed over the years mainly due to crypto being part of the developing mainstream. It still has some issues with some countries here and there but at the very least, most people have taken notice of it or have some semblance of idea (the idea being correct or not is another topic) about the term itself. Now if we're going to talk about its impact to the economy, I don't think there's going to be one, at least not yet. I'd at the very least wait till most chains of major businesses are able to transact with Bitcoin or crypto in general before even trying to tally up whatever effects it can probably have.
Bitcoin is still in an uncertain state for many countries, and it is unlikely to have an impact on the economy. Some countries are slowly getting used to it, while others are introducing strict rules. But of course, the digital revolution is changing the world more and more, thereby changing our economic reality. But while there are no general rules of regulation and stability, in order to ensure successful development, Bitcoin will remain in a gray zone for many countries and will not affect the economy in any way.
Cryptocurrency does not affect economies of countries. It's correct that there are people who see it as an investment but to is not yet as popular to hugely impact the economy of a nation.
If Bitcoin adoption keeps growing and attracting more people it can have enough of a impact to influence economies, but not yet.
If Bitcoin adoption keeps growing and attracting more people it can have enough of a impact to influence economies, but not yet.
From no influence to one of the biggest market today, and this is the story of Bitcoin and cryptocurrency.
We all know adoption is still a problem to many but still the effect of cryptocurrency in the economy is still positive despite of the challenges when it comes to regulations. Many people are making money in cryptomarket and that could be the start of the cycle to affect the economy. We have to be more wise in spending our earnings, and know how to pay the taxes properly to avoid any charges or fees from the government regulation, crypto is indeed making a good impact now.
We all know adoption is still a problem to many but still the effect of cryptocurrency in the economy is still positive despite of the challenges when it comes to regulations. Many people are making money in cryptomarket and that could be the start of the cycle to affect the economy. We have to be more wise in spending our earnings, and know how to pay the taxes properly to avoid any charges or fees from the government regulation, crypto is indeed making a good impact now.
It's true that due to decentralized nature of Bitcoin no one can control its growth. It's the investors who invest fiat into Bitcoin that helps Bitcoin to grow in value.
All traditional fiat currencies are controlled by the centralized system but Bitcoin is free from that centralized system and anyone can use it without any restrictions.
Yes, I highly agree that many people use Bitcoin from all over the world. Some people purchase Bitcoin and hold it for years so they can earn huge profits when its value grows.
There are investors who even think that Bitcoin can reach $1M in near future and they're so firm in their belief that they have been holding their Bitcoin for many years.
Surely, it's due to Bitcoin that other crypto-currencies are also able to get some share of users.
All traditional fiat currencies are controlled by the centralized system but Bitcoin is free from that centralized system and anyone can use it without any restrictions.
Yes, I highly agree that many people use Bitcoin from all over the world. Some people purchase Bitcoin and hold it for years so they can earn huge profits when its value grows.
There are investors who even think that Bitcoin can reach $1M in near future and they're so firm in their belief that they have been holding their Bitcoin for many years.
Surely, it's due to Bitcoin that other crypto-currencies are also able to get some share of users.
The crypto currency doesn’t have a red carpet welcome when it enter the market.The bitcoin itself doesn’t have huge investors at the beginning,after the survival for certain period of time.The bitcoin had build their own trust among the users,the biggest reason is the Bitcoin was the decentralised cryptocurrency.So no one had control over the price of bitcoin,only the market demands define the price of bitcoin.When the bitcoin had huge demand we can able to get into the bull run,as we recently get into the 51k mark on the Bitcoin price.
Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.
Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.
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