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?
Topic: whether bitcoin influence on the world economy? - page 5. (Read 3994 times)
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?
I think this time such a thing has not happened and there is no relationship with bitcoin. The government has not acknowledged the existence of legal bitcoin as a currency for trade transaction in general. The community is also still a lot and do not know bitcoin, functions and their role, so users of bitcoin is still within the scope of a limited but comprehensive.
Government would not support bitcoin. They won't not encourage people to invest in bitcoin and use it as means of payment because they can't get tax from it. Sooner, it'll influence community because of its platform. Making it more popular to be used as means of payment. possible bitcoin prices affect the world economy?
Already bitcoin is impacting in many businesses like PayPal/western union / digital markets which might be leading into influencing economic of some countries indirectly due to loss of revenue and proportional taxes they need to pay. Still, influence will be negligible but we can expect more when bitcoin will be having mainstream of adoption along with huge price levels.
possible bitcoin prices affect the world economy?
Already bitcoin is impacting in many businesses like PayPal/western union / digital markets which might be leading into influencing economic of some countries indirectly due to loss of revenue and proportional taxes they need to pay. Still, influence will be negligible but we can expect more when bitcoin will be having mainstream of adoption along with huge price levels.
The price of btc was like a few dollars and then suddenly became a few hundred dollars. Did anything happen due to this to the world economy? I don't think so. I suppose now bitcoin is not really influencing anything much but it will when more people will use btc, especially if they are to use it instead of local currencies or even USD and Euro. Even if they don't use it but just keep their money in btc - this might have an impact.
I think this time such a thing has not happened and there is no relationship with bitcoin. The government has not acknowledged the existence of legal bitcoin as a currency for trade transaction in general. The community is also still a lot and do not know bitcoin, functions and their role, so users of bitcoin is still within the scope of a limited but comprehensive.
Maybe doesn't influence directly but all big financial players are aware of bitcoin's presence so they now they have to change the rules of the game they were playing before bitcoin came to the scene and that could be benefit for all of us. If bitcoin addoption reaches realy high levels that could influence the world economy seriously.
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?
I will say the price of bitcoin is yet to have enough impact to have influence the world economy. Because looking at the number of bitcoins we have in circulation, which is a little above 16 million as reports have stated, and also some people will have as much as 10btc or more meaning that the spread is not still enough to make the move that can change the world economy and that I guess is the major reason why countries are still shying away from having a real discussion in that area...
It has had an influence in that FinTech is a brand new industry that is built on the idea of blockchains, and they're employing quite a number of people on good salaries. Whether anything will come of it is another thing altogether.
$16 Bn is a pittance. Oracle has a market capitalization of $160+Bn, which is 10 times that of Bitcoin. Do you think Oracle has an impact on the South African economy? Price, by itself, is irrelevant.
Apple is valued well over 600B dollars by the stock markets
But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets
I would disagree with you on Apple market cap. The market cap is mostly based on the annual revenues (their net income was US$45.687 billion in 2015), rather than speculation. A part of the value may be due to speculation, but the proportion is lower when compared to some other stocks, such as Tesla Motors Inc and DexCom.
It is not just a part of its value, it is actually most of its value which is based on pure speculation. Some companies might have higher P/E ratios (ratio of a company's share price to its annual earnings per share), but that just means that their shares have more speculative component in the price of the share. Apple's P/E ratio as of yesterday (January 13, 2017) was 14.36. This value basically means that you would need over 14 years just to break even with Apple's shares...
Now good luck to you trying to persuade anyone about how little speculative value is in that figure
$16 Bn is a pittance. Oracle has a market capitalization of $160+Bn, which is 10 times that of Bitcoin. Do you think Oracle has an impact on the South African economy? Price, by itself, is irrelevant.
Apple is valued well over 600B dollars by the stock markets
But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets
I would disagree with you on Apple market cap. The market cap is mostly based on the annual revenues (their net income was US$45.687 billion in 2015), rather than speculation. A part of the value may be due to speculation, but the proportion is lower when compared to some other stocks, such as Tesla Motors Inc and DexCom.
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?
precisely your opinion, because there is no recognition of many countries bitcopin as an official means of payment, keep prices stable bitcopin yet sometimes up high in no time and then immediately fell sharply
if it happens, and no effect on the economy then all would be chaos in the market price, which is based on the value of bitcoin
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
Thank you your opinion is very interesting for me, means there is no relationship between the price of bitcoin and economic conditions
$16 Bn is a pittance. Oracle has a market capitalization of $160+Bn, which is 10 times that of Bitcoin. Do you think Oracle has an impact on the South African economy? Price, by itself, is irrelevant.
Apple is valued well over 600B dollars by the stock markets
But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets
It may have an effect or influence to a single persona but in a world wide scale, it has little to no effect. First, the bitcoin base user is too tiny to make an impact to the world economy. Second, has been discussed by deisik.
There is too little usage of Bitcoin in real market. and most are either kept or used in trading, that does not actually flow thru payments for commodities.
So-called market capitalization of 16B dollars says nothing by itself
If most of the coins that make up this value are stashed away, they are basically out of equation completely. It is the coins that are actively traded and yet more the coins that are actually used in the real economy as a means of payment that matter in the end. So it is obviously not the price alone but rather the quantity of coins actively participating in the economic turnover multiplied by the price (real market cap) that could potentially impact the world economy. But this impact has been negligible so far
If most of the coins that make up this value are stashed away, they are basically out of equation completely. It is the coins that are actively traded and yet more the coins that are actually used in the real economy as a means of payment that matter in the end. So it is obviously not the price alone but rather the quantity of coins actively participating in the economic turnover multiplied by the price (real market cap) that could potentially impact the world economy. But this impact has been negligible so far
There is too little usage of Bitcoin in real market. and most are either kept or used in trading, that does not actually flow thru payments for commodities.
If users of bitcoin exceeds more than 60% of the worlds population in the future it might influence the world economy and if it ain't it will not affect the world economy at all since bitcoin needs users for it to influence the economy of the world. If it is only a little percent of the world's population that will be affected by bitcoin, it wont influence the world economy since only a few will care about the ups and downs of bitcoin's price.
bitcoin is a part from world economic and but only small part of that because i think bitcoin users even not reach 10% from total populations of people in the world so even bitcoin price down or rise up i think it wouldn't have big influence for world economy and i says just like this because when the price below $200 several years ago but world economy doesn't collapse
50 years from now maybe, when people realize bitcoin is not under any government's control and not influenced by any centralized organization.
So I think those of us here are 50 years ahead of our time
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So I think those of us here are 50 years ahead of our time
. 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?
Since bitcoin standing alone, there's no affect to any economic aspects, except to be a better, like Greece before and Venezuela recently, bitcoin is the solutions for their economic to be better. But I think it's just an alternative and temporary.
We are not at this level yet. Bitcoin is too small to have any kind of impact on global economy. Bitcoin in current state can be called experimental sidetrack of official economy.
And for most people it is a road to nowhere as they expect that authorities will tone bitcoin down by imposing heavy restrictions i.e. forcing people to abandon concept of decentralized cryptocurrency.
Also, most fiat payment processor companies have market cap at least 10x higher that bitcoin ever reached - last time I checked PayPal market cap was around $150 billion.
And for most people it is a road to nowhere as they expect that authorities will tone bitcoin down by imposing heavy restrictions i.e. forcing people to abandon concept of decentralized cryptocurrency.
Also, most fiat payment processor companies have market cap at least 10x higher that bitcoin ever reached - last time I checked PayPal market cap was around $150 billion.
We are not and we are never, since bitcoin designed as just alternative currency and the government will never used bitcoin.
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?
The January btc price peak of $1160 is gone.A possible bitcoin price increase will probably make bitcoin more popular in the news and more newbies might join the btc community.
This is the only btc price influence i can figure out.
I think that the USD will go up ,so the basic commodities will will become cheaper.
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