What would be the possible impact of BTC in the economy of a country? - page 7.

rickadone

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Quote from: hildacitra on November 01, 2017, 04:35:32 AM

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

You can even earn across borders without any third party and no interference and limitations. That is what has made it so much fun. Gone are those days, when paypal would restrict some countries or sending payment internationally would be a problem.

Now, we see so many freelancers on this forum and on the web from different parts of the world doing stuffs and getting paid without stress and that to me, is the freedom we have always craved for.

justspare

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Quote from: achsan fauzy on November 01, 2017, 04:30:21 AM

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

Well, that is wrong! As long as there would keep being usage for fiats or we will still have to keep buying things and there would always be new startups and existing ones, tax is something that any government can still achieve. Fiats would still remain relevant and exchanges would be controlled and once you are converting to fiat, you damn sure you have to pay tax whether you like it or not.

MMA

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Quote from: DevilSlayer on November 01, 2017, 12:51:22 PM

Quote from: Terry05 on October 21, 2017, 03:46:25 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,

I think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

But currently the bitcoin users are consider as less than 2% then how can we suppose that it may have good impact on the economy of a country? I would like to say that it may have impact on the financial status of a single person ,but as a whole it may only be possible when the users of bitcoin will increase and most of the people of a sate use bitcoin or adopt bitcoin, which make take decades because bitcoin is in its early stage and most of the people even do not have any idea about bitcoin.

Monnt

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Quote from: Lpim01 on November 01, 2017, 08:27:44 AM

Quote from: hildacitra on November 01, 2017, 04:35:32 AM

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

As being tax free, is the reason that bitcoin will never give a huge impact to the economy of the country. Practically speaking, government doesn't gained benefits from bitcoin. Only us who are benefiting this as a part of bitcoin community. But if it is happen that we are oblige to pay taxes, then that's the time it will contribute to the economy of the country.

Well, even government would not look at you making use of something without having to pay tax for it. Except if you want to do a P2P transaction though, most exchanges would be subject to tax on every transaction which would be paid by every user at the end.

Over time, you will still need to make use of fiat at some point cause not everyone would definitely make use of bitcoin and remember, you will always have to be purchasing stuffs as well and as long as you keep doing those things, tax is just definite.

BlueStackz

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Quote from: achsan fauzy on November 01, 2017, 04:30:21 AM

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

People are getting in the bitcoin and they are increasing the value and the price of the bitcoin at the huge level as now all the people are aware of the bitcoin and the bitcoin price and the value on time to time increasing and the people are turning the bitcoin, I use the bitcoin and I know in the future bitcoin will be the world currency and all the people will be aware of the bitcoin and the importance of the bitcoin.

websoftwareengineer

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Quote from: Terry05 on October 21, 2017, 03:46:25 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,

If government will manipulate bitcoins circulation, The value of this coins will reduce because they will be placing tax. Next thing is that, A lot of traders will be disappointed and companies will reduce investors. I hope that government will not control bitcoins in the future so we can still earn more profit.

richkellj

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Quote from: achsan fauzy on November 01, 2017, 04:30:21 AM

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

It all depends on the country and the people who are living over there in that country who will decide the possible impact of bitcoin on the economy of their country. If there are number of people who actually know about bitcoin and are investing in bitcoin, then it will have a very positive effect on the economy of their country. It will the economic condition much better.

DevilSlayer

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Quote from: Terry05 on October 21, 2017, 03:46:25 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,

I think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

trecore4

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Quote from: Terry05 on October 21, 2017, 03:46:25 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,

I can only see bad impact on the national economy because for now investing into bitcoin is really one way procedure. There money which is flowing from the national treasure to bitcoin but it doesn't come back in terms of tax which can be claimed by government in legal way and in turn which can be used for the developing of nation itself. May be thats not good way to go with the bitcoin if seen from the critics reviews.

But, I believe there is positive impact in terms of unemployment problem which can be seen in major cities as well as small one where job opportunities are not much due to digital world around. If government takes it in all positive way then yeah sure it could benefit a lot.

Lpim01

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Quote from: hildacitra on November 01, 2017, 04:35:32 AM

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

As being tax free, is the reason that bitcoin will never give a huge impact to the economy of the country. Practically speaking, government doesn't gained benefits from bitcoin. Only us who are benefiting this as a part of bitcoin community. But if it is happen that we are oblige to pay taxes, then that's the time it will contribute to the economy of the country.

deadthings

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In my opinion, if the government makes a good "law" and legalizes it, it has the same pros as far as the world goes forward in the era of the internet and that is necessary.

pathapoddo

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It is depand on types of bitcoin uses. If people use the earning from bitcoin in negative way then it will negative effect on the economy of the country.Or if people use the earning in ppositive ways then it will positive effect on economy of country.Thank you.

naily

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Quote from: Terry05 on October 21, 2017, 03:46:25 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,

with the new currency will surely have an impact on the economy of a country, let alone the bitcoin currency is internally renegotiated as a means of digital payments, must transactions of the online world more rapidly and the economy of a country will advance

kier010

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Quote from: Terry05 on October 21, 2017, 03:46:25 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,

more source of income would help the economy of the country. this will also the opportunity of the country to improve their economic growth. but the bad side is bitcoin can be used for illegal activities.

ivrynx

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If the country had legalized and accepted btcoin as currency, it will open new opportunities for investors, since it will broaden their field, and will also help the country to decrease the number of people with no job. As we can relate, stores that are already accespting bitcoin are becoming much more stable, and in turn they can manage to pay off their workers, thus giving taxes to the government, leading to a more sustainable economy. I think its a matter of perspective, where you look at it, if you look at it as an investor, you'll see a long term for the government, but as a consumer, you might say all the money just go to the government.

hildacitra

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I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

achsan fauzy

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the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

Mpamaegbu

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The impact of Bitcoin on any nation is an expected enonomy boost so enormous that it can not really be quantified financially. An involvement in bitcoin and cryptocurrency in general now enables many a young people to control a certain unimaginable level of wealth. This helps to increase the GDP of any nation whose citizens are allowed to hold or trade in bitcoin) cryptocurrency. It is as good as that.

armandoz

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The possible impact of BTC in the economy is become grow because the unemployed slow down and the poverty of the country will be solve and the needs of the people meet by the help of the bitcoin and crime rate also will lesser no bystander at night or beggar and the crime rate will slow down also.

ask

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Catalonia will be a kickstart for a new bitcoin world order. I believe that spain is not going to give freedom to catalonia. And this will make a big impact on Freedom related issues such as freedom currency "Bitcoin"

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