Will bitcoin effect the current economy system? - page 2.

Jose Rizal

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

I think it is, and I have heard that most of the bank today will acquire Bitcoin saving and transaction withhe involvement of the latter currency, I gurss this is good to our economy cause the connection between different and further entities has been coneected directly to each orher and the faster the process of the business the better for the country . They say banks will allow the people to save Bitcoins to them as well as they medium of payment is going to be consider.

kolinko

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I think bitcoin has an impact on the economy today. Many countries around the world accept bitcoin and people use bitcoin in a common way. This helps the bitcoin grow and the economies of the developing world grow. Just having internet is everyone can connect and use bitcoin in the cryptocurrency market.

butcherme

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

In some ways it can, there are some countries that embrace and adapt cryptocurrency in their businesses. So, if the current market situation is not good same goes with some of their businesses which will also have an impact on the country's economy. However, we should take note that this is only temporary, crypto will recover soon.

belalangsembah

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Quote from: tuliobrothers on March 10, 2018, 05:36:06 PM

Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

.

If btc help to earn more then the community will have a good earnings that will help the economy because it will help to minimize the problem of the nation because btc provide an online job

They must find the optimal way to save their control over the economy. Bitcoin also helps remove unemployment. I think it's good for the economic system. Bitcoin became the most popular currency in the world. Many countries need to decide now what to do with Bitcoin forbidding or allowing it

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

I guess bitcoin has an impact to the economy of a country in terms of reducing the unemployment rate of the particular country. Cryptocurrency can serve as job for unemployed person and to sustain their necessity. By this doing it will lessen the populatio who rely on government since they have now a source of income.

weblaraveluser

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

Of course it will really affect the economy of the system because most of the governments today are getting budget on taxes from banks and if people will stop placing their money on banks then government would not get any funds for their other infrastructure fee's.

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

I think bitcoin will certainly affect the economy in every country, because the amount of bitcoin price is not small, but many. so we have to believe that bitcoin can affect the economy

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Quote from: death69 on January 24, 2018, 12:52:11 PM

yes, it will affect the economy alot. Everything has changed since bitcoin was created and you can see how important bitcoin is. THerefore, bitcoin will become one of the most important things in the world economy

yups after 8 years in circulation,cryptocurrency is almost level stock exchange now,actually this community is being compared with stocks and real states so there's no doubt that bitcoin has a big effect in economy .imagine almost trillion dollars have been invested here,just happen it come lower this days because of some issues but it wont take a long that we will reach that trillion dollar investment

puyunghay

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Quote from: cherrymobile on March 10, 2018, 05:04:36 PM

Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

The use of a digital currency for investment purposes is quite new to the scene, and so it revolutionized the investment and the market. This I think are the reasons as to why bitcoin might have impacted the tides of the world economy just by existing. As we all know, bitcoin investment is now one of the most famous and widely used investments in the market. I think bitcoin has a chance or has a potential to change the current state of the world economy.

I think virtual currencies are now positively impacting the inflation of a country, as few people rely on virtual investments, therefore bitcoin is really very influential in some countries

okissabam

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Yes I think Bitcoin can and will greatly affect the country’s economy if it will resolve the unemployment status of some citizens, if they are able to give them the satisfaction they need; for instance wage that they could earn through bitcoin or even through trading. If it can put up a job for these unemployed citizens then they’d be able to resolve a portion of one’s economy status.

yunzau

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Yes it will affect the balance of the financial system. And have risks such as volatility, arbitrage that will create bubble burst.

cryptojac17

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Quote from: Nylesor on April 05, 2018, 08:30:12 AM

Bitcoin have a big effect in each country’s economy. Bitcoin can be converted to actual money so members have more buying capacity. Tye buying capacity of people have great effect in the growth of every economy.

The country economy is measured in the GDP gross domestic product in which many of your product sold out side and many dollars coming in the economy of that country will grow, and the buying power of their currency became stronger, now in the introduction of crypto currency if many of your citizens have bitcoin in their portfolio people will buy because they have money and the and it will generate jobs.

Nylesor

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Bitcoin have a big effect in each country’s economy. Bitcoin can be converted to actual money so members have more buying capacity. Tye buying capacity of people have great effect in the growth of every economy.

darel

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

Of course yes, because so many make bitcoin as the main job to fulfill the necessities of life for example, who usually do not have a job, thanks to bitcoin they have income and this is also my opinion helping improving the economy of a country.

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Yes very. It has a effect in our economy. Imagine the unemployment people seeing the opportunity to earn thru Bitcoin. Doing it as a homebase job. Earning while at home.

People who sees Bitcoin as opportunity, extra income, investment and etc.

kuncimobil

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for bitcoin users it is evident that bitcoin has affected their lives and have a better life as their economy improves for the better so that it can be said if their economy increases then it will also affect the country's economic system

Memminger

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

It will and that's gonna be a huge change. Since bitcoin became popular the changes occurred in so many ways. Not only economic but also with the state & government exchange. Since the technology is helping a lot with the progress and success of bitcoin, it is rising in the most positive way people would want it to be and I think it's pretty nice.

spartak-sbk

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I think you had in mind the very technology Blockade on which bitcoin is based. Since bitcoin is only a store of value that can increase depending on the speculation in the market. The technology itself blockchain, in full can affect the economy.

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Quote from: Ann Impas on April 02, 2018, 09:09:25 AM

Yes for me in a positive dimension. Bitcoin is the the starting point of all these. A benchmark for what is happening right now. Because of bitcoin, blockchain was now very popular and there is a huge acceptance even by countries that they will use the technology to support the current government transactions.

Bitcoin is no doubt very much helpful for all of us and that especially for the ones who are there in the world of bitcoin and are investing their money into it. Bitcoin can be very much helpful in making the economic system of any country much better but that depends on the attitude of the government towards crypto currencies. If they are willing to take positive steps, then things can work in a better way.

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Quote from: sandarajasmine on January 24, 2018, 12:32:20 PM

Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?

At present, Bitcoin has considered a currency with high volatility compared to other currencies. In my country market demand is not enough to meet the development demand of Bitcoin so there may be Affecting the economy if Bitcoin is present.

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