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Topic: whether bitcoin influence on the world economy? - page 3. (Read 4002 times)

sr. member
Activity: 672
Merit: 250
For now bitcoin doesn't influence the world economy at all but i'm 100% sure big financial players are aware of bitcoin's presence. And when they decide to step in and play a new game it will change bitcoin and it may also benefit us. Bitcoin can also be influencing when it spreads a lot and more people will get aware about it , it will affect the world economy
It influenced the world economy since it is a multi billion coin that is now used by big investors and many online transaction. It was created and designed to be used by every people in banking online, and making a transaction online. Hence, once its market go down, it'll make a huge impact specially for a huge investors, making an impact in world economy.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
A crypto currencies that has market capitalization above 16,000,000,000usd has it own effect on the Economics of many nations especially the third world countries. South African and some Asian countries are used bitcoin as a mode of transactions daily. Many people currently are being employed and pay in crypto currencies. Exchange rate to dollar in some country has improved including usa. This are sign that very soon bitcoin will be legalized in most third world countries and with will terminate inequality in their systems.

thank you for your opinion, but no one I do not understand the term third country like you mean, the truth is you are looking for a third country that you please explain?

perhaps anyone want to add about the sense of the term third country in question?

Personally, I don't think it makes any sense

The point is obviously about countries which have high level of inflation (like Zimbabwe had before this country fully switched to using the US dollar as official currency), and Bitcoin could allegedly help the citizens of this country fight inflation by converting their savings in local currency (which is quickly depreciating) to Bitcoin. The main problem with this approach is that the population of these countries is extremely poor for the most part, and they have basically nothing to convert to bitcoins (living paycheck to paycheck). So I don't think that Bitcoin can be of great help to all these poor men
legendary
Activity: 1120
Merit: 1000
I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.
i do not thing that bitcoin is creating any worst impact of the world economy, but to me i think it is contributing their effort to raise the world economy, by providing opportunities to people to earn livelihood and specially to those people who are jobless and having now mean of earning money, despite the fact that most of them are well educated and skillful people.
hero member
Activity: 490
Merit: 500
I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.
Bitcoin has nothing to do with world economics and i do not think the price of bitcoin will influence the economy in any way.Government will be creating new laws to have more control over us so that they could control the revenue system and monitor everyone .
It depends on the country, because Bitcoin becomes more and more connected to the economy of some countries. There are places where inflation is very high, and governments put many impositions on the currencies of these countries. I think in these places Bitcoin has a great chance of expanding.
hero member
Activity: 994
Merit: 544
Bitcoin has already influenced the world economy. With bitcoin on the rise a new way of business transactions has opened up. From using debit card or credit card to transact online, bitcoin has just paved the way for faster transactions between buyers and merchants using the internet. Bitcoin has now become a multi-billion market and even the stocks exchange is now looking to include bitcoin in the list to be included in the portfolios.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

bitcoin price is affected by supply and demand (fluktuatif). virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scale
Only if it's adopted as payment method by using service kind of bitpay or coinbase to make payment it's fine, but storing the government's wealth onto this form, it's a big NO, it could threaten through its fluctuative and volatility indeed, in some way we want to implement bitcoin but just in category which we consider will give us benefits and no for the rest
sr. member
Activity: 1274
Merit: 252

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

bitcoin price is affected by supply and demand (fluktuatif). virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scale
sr. member
Activity: 406
Merit: 250
I dont think bitcoin is influence the world economics, the user of bitcoin is too little and most of the people still dont know what is bitcoin, and i dont think bitcoin can affect the world economic, bitcoin is just a sub currency
[/quoteYes, now bitcoin does not affect the world economy, the small number of users, has not been widely recognized, there are other factors that influence the development of their own, so now , bitcoin does not affect the world economy.
sr. member
Activity: 574
Merit: 252
I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.
Bitcoin has nothing to do with world economics and i do not think the price of bitcoin will influence the economy in any way.Government will be creating new laws to have more control over us so that they could control the revenue system and monitor everyone .
hero member
Activity: 1036
Merit: 514

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?


Too early to say yes but also we can't say no due to the blockchain technology and bitcoin act as better alternative payment and had hundreds of thousands of users if I guess. It will be has an effect to the world economy, at least as a better financial transaction worldwide. We don't know for sure and still waiting where the market heading to, and contribution from the devs and users.
sr. member
Activity: 294
Merit: 250
I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.
member
Activity: 70
Merit: 10
For now bitcoin doesn't influence the world economy at all but i'm 100% sure big financial players are aware of bitcoin's presence. And when they decide to step in and play a new game it will change bitcoin and it may also benefit us. Bitcoin can also be influencing when it spreads a lot and more people will get aware about it , it will affect the world economy
copper member
Activity: 2940
Merit: 4101
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price of the Bitcoin' implies the notion of the monetary value of this crypto-currency. Many of us know the value of the currency depends on the fact of being widely accepted by society and the activity of its users. More there is high demand for the currency, is its price. In the case of bitcoin, it is quite difficult to predict the value due to its high volatility. However, there are a series of factors, though sometimes inaccurate, which may indicate future price changes. The manifestation of these factors has a direct impact on the conduct of users, on their approval or the appearance of some doubts about crypto-currencies like the bitcoin.
sr. member
Activity: 490
Merit: 250
Bitcoins price will not affect the price of good and commodities. For example a box of potato costs 10$ then even if the price of bitcoin increases or decreases the price of potato will still be at 10$ and so if you pay in bitcoin you will pay 10$ worth of bitcoin. So its a simple logic bitcoins price cannot affect  the price of commodities except for alternative coins in the cryptocurrency economy.

so you mean is that bitcoin is no efectnya the real economy} {price of basic goods but is more closely linked to the price of such alternative coin bitcoin prices fall then alternative coin prices will rise, and vice versa, so now I am even more clearly thanks for your opinion
sr. member
Activity: 490
Merit: 250

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

No effect at all. Bitcoin is not yet recognized in most countries although they or some knew the existence of Bitcoin but accepting Bitcoin as a crypto currency is not yet accomplished. That being said, regardless of the current BTC price against the Dollar, BTC still have no significant effect in the world economy. Maybe not until Bitcoin reached the status that it is widely accepted all over the world.
A crypto currencies that has market capitalization above 16,000,000,000usd has it own effect on the Economics of many nations especially the third world countries. South African and some Asian countries are used bitcoin as a mode of transactions daily. Many people currently are being employed and pay in crypto currencies. Exchange rate to dollar in some country has improved including usa. This are sign that very soon bitcoin will be legalized in most third world countries and with will terminate inequality in their systems.

thank you for your opinion, but no one I do not understand the term third country like you mean, the truth is you are looking for a third country that you please explain?

perhaps anyone want to add about the sense of the term third country in question?
sr. member
Activity: 378
Merit: 250

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?


There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.
but i do not think that it will create any bad effect on the price of bitcoin. i can hope that it will turn the world economy more stale providing equal opportunities to people in all over the world. so  i think this statement is not right that bitcoin can create bad impact on the economy of the world
sr. member
Activity: 490
Merit: 250

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

For me it cant affect the world economy even Bitcoin price will go up again because they are some countries and people that they consider Bitcoin is illegal.And Bitcoin is not accepted in famous bank.

hopefully the assumption it could quickly disappear, and hopes acceptable bitcoin many countries as a means of payment is authorized, so users bitcoin will increase the population, if it happens it will be a big change for the consumer
sr. member
Activity: 490
Merit: 250

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?


maybe bitcoin prices can make affect with the world economy if many country is using bitcoin and approved for people to using bitcoin and if there is much of product is selling in offline store and online store. like when bitcoin prices reach $1100, many newspaper in online or offline makes an article that said another investment is born and people can make the investment with bitcoin and etc.

i think the price of basic commodities is different with bitcoin prices and only depend with supply and demand from the country and if the demand is too high depend the supply then i am sure that the price will be increase. but bitcoin is depend from the bitcoin user in all of the world, people with much of bitcoin easily play in the market and make dump and pump in the price.

thanks simple and clear in essence this may help for the newbie to understand the effects of bitcoin, bitcoin turns out that there is no correlation between the bitcoin economy rises with the price of staple {}
when there is also just a little
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?


There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.

How could it possibly threaten the "world economic order"?

At max, it could threaten the stability of weak currencies like the Venezuelan Bolivar and the governments of these countries, but like I said it elsewhere, this "disadvantage" will get without doubt used by stronger governments (like the US, for example) for their own purposes, often nefarious. For example, that would make a perfect case for overthrowing existing governments very much along the lines of what happened during the so-called Arab Spring purportedly initiated by Washington, DC. No one knows exactly who is behind Bitcoin, so don't get surprised if it was conceived somewhere in Langley
hero member
Activity: 1330
Merit: 569

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?


There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.
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