Topic: What would be the possible impact of BTC in the economy of a country? - page 2. (Read 4309 times)
November 14, 2018, 10:20:33 PM
There is a positive micro impact of bitcoin in the economy today as a whole because the people engage in bitcoin is too small compare to our population. Those who engage in bitcoin creates jobs and income.
November 14, 2018, 10:07:50 PM
Cryptocurrency creates a globalized economy while local economies focus on their markets using their currency.
Starting from those 2 different base points, you can think about all the consequences of how the different roads develop.
Best,
Borja
Starting from those 2 different base points, you can think about all the consequences of how the different roads develop.
Best,
Borja
November 14, 2018, 09:53:22 PM
Actually btc have very big potential to improve country economy, online shop will be able to save more profit if they use bitcoin. Use paypal is not good for them because there are many restrictions and limitations. country which has so many people who still unbanked, bitcoin can be a good solutions for their citizens Transactions.
November 14, 2018, 08:59:00 PM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
Regards,
BTC is really usable and helpful to the economy of the country because people have no problem regarding financial due to the easiest way of doing business of bitcoin through the help of high-technology. Less hassle less transportation less stress to all people, but of course it needs a lot of efforts and patience because we are only doing our own self to operate self investment if virtual currency.
November 14, 2018, 08:03:47 PM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
Regards,
Bitcoin is a currency which runs on a blockchain network it doesn't need a third party or bank like fiat currency that will forever depend on it. With the loss of third parties/banks then it's clear there will no longer be any costs to be incurred in each transaction. In this thing a citizen will benefit greatly.
November 14, 2018, 05:54:04 PM
I believe that bitcoin will eventually be used as a way to transfer greater power to individuals rather than to nations or corporations, so the simple fact that individuals enjoy a freer and fairer economy can contribute in a way remarkable to improve the quality of life of a country, that is, the benefits for the country are in a rather indirect way.
October 03, 2018, 06:13:30 PM
Cryptocurrencies are volatile in nature and fluctuate rapidly and an impact on economy is always possible when government to legalize one of them, bitcoin for example, and become a part of their economy. If the price of the bitcoin go up, economy would reaps benefits from this uptrend but it might affect it negatively if the bitcoin go down and stayed bearish for some months. Economists must find some effective ways on how to deal with bitcoin's volatlity to lessen some possible negative impacts if bitcoin price crashes.
October 03, 2018, 06:49:20 AM
I'd really think that if a country is solely crypto currency dependent, that country would streamline it's transactions better and there would beba better transparency in and amongst all the users precenting laundering. The downside is that the government wouldn't be abke to manipulate it's currency for theur own benefit.
Positive impacts for a country are: Efficiency. With the efficiency of managing a policy, it will save costs, time and energy. With the technology used by bitcoin, blockchain, it will make financial transparency so that it cannot be corrupted. 
September 29, 2018, 02:31:16 PM
It is difficult to speculate about this, because bitcoin has more to do with individuals than with larger collectives such as a nation, which by its very nature has the function of centralizing decision-making and regulations, something that is against the very nature of bitcoin.
However, I believe that due to its great potential, bitcoin is demonstrating enough capacity to contribute to a fairer distribution of wealth, empowering individuals who have practically been able to build wealth from nothing, which has generated direct and indirect benfits to the community.
However, I believe that due to its great potential, bitcoin is demonstrating enough capacity to contribute to a fairer distribution of wealth, empowering individuals who have practically been able to build wealth from nothing, which has generated direct and indirect benfits to the community.
September 24, 2018, 05:50:24 AM
there were no clear result of the cryptocurrency in the world economy or economy of a country there are lots of things to happen since cryptocurrency is in the middle of development for sure it will great affect the economy of a county.
September 24, 2018, 05:27:51 AM
I think the economic impact that occurs if someone uses bitcoin as one to trade in several countries may make the transaction safer and more comfortable but has a very high risk because the price could collapse when it is being used.
September 24, 2018, 03:18:26 AM
This discussion about impact of bitcoin over economy is now too much common on this forum.
Quite simple, It can effect in the both ways as positive or negative. If bitcoin is used as legal payment in a country or state and restricting the illegal use like money laundering etc. then it will positively effect the economy(it will boost up) otherwise it will effect the economy negatively.
Quite simple, It can effect in the both ways as positive or negative. If bitcoin is used as legal payment in a country or state and restricting the illegal use like money laundering etc. then it will positively effect the economy(it will boost up) otherwise it will effect the economy negatively.
This is simple yet a impormative one. It it really true that it will help.the economy to rise if and only if it is used for good things and on vice versa, having negative activities concerning cryptocurrency or bitcoin will probably affect the economy negatively or otherwise no effect at all.
September 24, 2018, 03:13:25 AM
The interaction between Bitcoin and the crypto market remains a tight link. In today's economy, the strongest impact with bitcoin is the news, rumors of bitcoin existence and its future.
September 24, 2018, 02:12:43 AM
Bitcoin is functioning as currency and currency have both positive and negative impacts like in the case of crypto currencies many of the bitcoin users is using this currency for payments of different products and services as well and bitcoin is good for the economy like those who are unemployed but they have skill of graphics and other products then through this platform they can make money.
September 24, 2018, 01:47:38 AM
The good thing about Bitcoin is that it crosses territorial borders. In other words, when a business is open to the entire world market because of Bitcoin, or when a currency travels all over the world smoothly and easily, it definitely adds a vibrant characteristic to the economy. And since Bitcoin is borderless, everyone could use it easily and quickly over the internet to buy stuff from any country in the world. That makes a better economy I guess.
September 24, 2018, 01:36:57 AM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
Regards,
Bitcoin is a currency which runs on a blockchain network it doesn't need a third party or bank like fiat currency that will forever depend on it. With the loss of third parties/banks then it's clear there will no longer be any costs to be incurred in each transaction. In this thing a citizen will benefit greatly.
September 23, 2018, 10:54:17 PM
I'd really think that if a country is solely crypto currency dependent, that country would streamline it's transactions better and there would beba better transparency in and amongst all the users precenting laundering. The downside is that the government wouldn't be abke to manipulate it's currency for theur own benefit.
September 22, 2018, 06:53:57 AM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
The good thing about Bitcoin is that makes transaction easier, especially when it comes to sending money from one country to another, instead of the normal slow procedures you will go through in banks which will waste your time for the whole day you just send it with your phone in few minutes.Regards,
There are also other advantages of Bitcoin and as for the disadvantage, I think the number one that we should take note of is money laundering and that’s not a new thing cause it have been discussed several times online on how people use Bitcoin for money laundering.
September 18, 2018, 05:00:50 AM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
Regards,
Bitcoin is a currency which runs on a blockchain network it doesn't need a third party or bank like fiat currency that will forever depend on it. With the loss of third parties/banks then it's clear there will no longer be any costs to be incurred in each transaction. In this thing a citizen will benefit greatly.
September 18, 2018, 04:32:30 AM
Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.
Regards,
The good thing about Bitcoin is that makes transaction easier, especially when it comes to sending money from one country to another, instead of the normal slow procedures you will go through in banks which will waste your time for the whole day you just send it with your phone in few minutes.Regards,
There are also other advantages of Bitcoin and as for the disadvantage, I think the number one that we should take note of is money laundering and that’s not a new thing cause it have been discussed several times online on how people use Bitcoin for money laundering.
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