Topic: what are the effects of bitcoin on the world economy? - page 3. (Read 795 times)
Bitcoin has very little effect on world economy. Bitcoins price increase to $17000 does not mean it has affected the world economy. World economy is approximately worth $83 Trillion among it bitcoins share is worth $41billion. Its far less than fiat cash and even from gold currency. But it has indirectly benefited many countries and people. Bitcoin mining is a big industry it had created source of income to many bitcoin miners. In bitcoin exchanges many traders and investors trade, which have them additional income and also a good return on their investment. Bitcoin has created jobs to many mobile wallet creaters. Thus we cannot ignore the contribution of bitcoin industry in world economy.
bitcoin scare banks, banks control the economy = bitcoin scares world economy. idk what will be the result, but i hope it will encourage banks do something better
Bitcoins is effecting world economy in various ways some of them are :-
1. Its helping to rationalize the power , now people can control their own money .. mostly this money is in the power of banks and the rich.. they regulate everything behind the scenes thus bitcoins helps the normal population to escape from this web.
2. Bitcoins have established and shown the world the use of blockchain technology and now its getting adapted in the ecosystem.
3. It has provided an alternative to investment rather than gold and stock market now one can invest in bitcoins too.
4.It has distributed the wealth and I think that could be a strong point for the economically weaker sections,since they can now earn through bitcoins.
1. Its helping to rationalize the power , now people can control their own money .. mostly this money is in the power of banks and the rich.. they regulate everything behind the scenes thus bitcoins helps the normal population to escape from this web.
2. Bitcoins have established and shown the world the use of blockchain technology and now its getting adapted in the ecosystem.
3. It has provided an alternative to investment rather than gold and stock market now one can invest in bitcoins too.
4.It has distributed the wealth and I think that could be a strong point for the economically weaker sections,since they can now earn through bitcoins.
I think that the collapse of Bitcoin is one of the key risks for the world economy in 2018. This crypto currency has a great potential for sharp price changes. My main concerns are issues of regulation, transparency and disclosure, as well as volatility, which can also affect the mass market. Financial markets were still considering the volatility of Bitcoin prices as a small problem. I am a little worried that this risk can become more systematic, in particular, whether or not the current trends in 2018 continue.
since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $
let's share
let's share
I guess you missed a zero at the end with the price quote but yeah, Bitcoin gave this world so many millionaires and billionaires. What was considered as a just an online form of currency is being valued higher than any physical asset today. With that, we can infer that Bitcoin has impacted the world economy in a highly positive manner.
since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $
let's share
let's share
I would say that the overall number is quite small if not bordering the statistical error if you look at the big picture. Just compare the size of the assets any of the top 10 richest people posses and for example the size of the financial derivatives which is just a part of the world economy and is presumed at approx. 700 trillion $. If you look from the perspective of the single person, sure - there will be a lot of rich people since for someone even 100k$ can mean that he is rich.
some other countries are saying that bitcoin has no effect on their economy, maybe there are few people know this bitcoin and not yet spreading, or maybe this bitcoin banned in that country, but most of the other countries that totally accepted this bitcoin are saying that their national economy was changed after they meet bitcoin and accept it to role their lives everyday. meaning this is a global phenomenon that bitcoin can affects the world economy and the effects of this bitcoin is slowly progressing to implement the globe.
so far bitcoin has only a positive effect on economic change in individual users only, for a change in the world economy there seems to be no significant influence of bitcoin, this may be due to legality and lack of government support for bitcoin so that bitcoin function hasn't been fully utilized maximally for a changing world economy.
Bitcoin's effect is not on the economy of the world but its effect is to people investing from bitcoin. They're the ones gaining whenever the value of bitcoin increases breaking its current record and the ones who will suffer it the value goes down bottom. When all people switch to bitcoin then there, we will see the effect of bitcoin on the world's economy and how things will unfold between bitcoin and the government.
It looks like it is so, bitcoin just gave the effect of economic for people who invested in bitcoin, maybe even influential but the effect of her will not too big, because the economy of the world depend on USD when USD crisis the economy of the world will also be bothered
Bitcoin's effect is not on the economy of the world but its effect is to people investing from bitcoin. They're the ones gaining whenever the value of bitcoin increases breaking its current record and the ones who will suffer it the value goes down bottom. When all people switch to bitcoin then there, we will see the effect of bitcoin on the world's economy and how things will unfold between bitcoin and the government.
Bitcoin doesn't affect the economy of the world because bitcoin is decentralized and the world's economy will not get affected from it unlike stock market.
since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $
let's share
Bitcoin can affect a one economy, all becauce bitcoin was consider as a currency so it moves the economy. Bitcoin currency price is more higher each of btc that other currency so it affects a one country by its stages of money currency in which the level of bitcoin currency and other currency is had a big difference in terms of an economical states. let's share
There's really no world economic effect that will happen whenever the value of bitcoin goes down hard or still continue to rise up. Bitcoin is not affiliated with the government so anything that will happen to bitcoin cannot make any change to the economic status of one's country.
I think the bitcoin has no effect on the worlds economy but to the person who uses and supports the bitcoin. In the bitcoin they make money for their daily expenses and for their financial problems. Bitcoin can help them to regulate their lives.
Bitcoin can help the economy of the country. If bitcoin would be accepted in a country, bitcoin can make a change within the society. It can reduce the rate of unemployment and it can also eliminate the poverty as soon as the right information about bitcoin will be known. People will start to accept bitcoin as the new virtual miney and it will help them to have an easy life.
I think the effects of bitcoin on the world economy is people open their eyes to bitcoin and they are amazed at bitcoin. they cannot believe that bitcoin price can increase like now. they now think that bitcoin is the best investment and they start to invest their money in bitcoin although the price is higher, they still want to invest their money. the other effects of bitcoin is people can solve their financial problem by earning bitcoin so they can have money to fill their daily needs.
since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $
let's share
The bitcoin is not influenced the economic but that gives a new way to manage the economic structure, The economic aspect depends on the people managed their amount. But the bitcoin disrupt the classic economic. let's share
As you can see many countries talked about how the bitcoin become a new way to manage our finances to get the more transparency. More newcomers will make early adopters rich
In my opinion, Bitcoin does not affect the Economy as it does not belong to any government department. Bitcoin affects its users. Its provides oppurtunity to people to fill their financial problems, as they use Bitcoin in the right way.
Effects of bitcoin to those new rich people that came from the mid class of society will be spending their profit to buying whatever they want and I guess buying new homes and cars that they love. And that leads to the taxation for the government and will make the countries economy boosts.
So still the government have benefits thru bitcoin in exchange of buying things like cars and houses. And these will still contribute to the economy because buying this things probably have taxes. So true that bitcoin helps everyone to achieve their goals to become rich and to help the world economy become more stronger than before. since the bitcoin I see the purchasing power of the community increases, more and more new rich people who appear due to bitcoin, well what I ask is whether its influence on the economy since adany bitcoin until now whose price reaches 1600 $
let's share
let's share
It won't affect the world economy unless and until the circulating money is destroyed due to some reason or may be if it never came back into the circulation of national economy. In these events it could really hurt the world economy or more or less to the national economy too.
I have one more thought about this one, national economy is decided on the ultimate fate of taxation. I mean if government is receiving proper taxes then they can use the same money for goodness of people and for the development of national infrastructure etc. This way a nation can stand a chance to have healthy economy. But if in case of bitcoin, it is banned and people within that nation are stilling putting loads of money into bitcoin then that money is unidirectional and it doesn't really come back to national circulation and over the period of time it can disturb it specifically.
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