Topic: Will bitcoin effect the current economy system? - page 4. (Read 993 times)
Why not? it may happen but it would take our sole efforts too to spread awareness about btcs in the world
Yes i think bitcoin affect the current economy because many people now in my country didnt finish thier study and hard to find a job, they make a way to bitcoin and get profit to sustain thier needs, and now they can stand by itself and free from financial problem and i think its affect the economy of one country.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Anything that involves value, payment, services, prices and exchange, affects the system of the economy. The economy is like an avenue, that each marketing components are flowing on it. Since bitcoin is considered as both currency and investment, it actually flows with the system of economy. Anything that flows in that market system affects the economy. Bitcoin is very helpful to my economy and also greatly affect other people, because bitcoin is carrying a positive effect and can reduce unemployment and poverty in each country.
Exactly, well bitcoin is not totally help the economy of the country but it is contributed to the individual who used bitcoin, people who are engaging bitcoin and those have a huge profit and in that way its help financial problem to the people, or even those unemployed people mostly housewives can make their own money while they are at home and it will help the economy growth of the country.
Bitcoin is very helpful to my economy and also greatly affect other people, because bitcoin is carrying a positive effect and can reduce unemployment and poverty in each country.
Bitcoin is currently affecting world's economy system. That's why some country doesn't accept bitcoin or not recognize it, and some country banning it like China because they won't be able to control bitcoin and will affect their economy. So therefore we can all agree that it have effect on current economy system.
even other coins effect the economy system of each country but bitcoin is the one of the most or huge contributed in cashless/digital currencies on each country so it make a big impact to the comunity who use a digital currencies wich bitcoin or many coins it can affect all the business even the government who manage and use it so it can be the one that can grow a economy.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Anyway, bitcoin and other crypto-currencies have already attracted huge attention from countries. In the future, some countries will prohibit, some regulate and some will implement. For this reason, Therefore, I believe that bitcoin will change the system of the economy.
Of course, the impact of bitcoin within the economy would cause long-term people to maintain greater control of their investments, their money, especially for those actors who have the bitcoin platform as the main contribution of their monthly salary for the maintenance of the home.
Bitcoin is and it will continue to effect the current economy system. It is because of the reason that the economy of any country relies greatly on the earnings which the people living in that particular country make. Once more people will be there in to this, it will help them to make more money which in turn will result in the betterment of the economy of that particular country. This way helping the society too.It will indeed affect each and everyone's country since it's a good source of income that is not coming from the government.
Bitcoin was introduced as public currency and it is still working on the same objective. There are numerous examples where bitcoin has changed the life styles of the investors entirely. People have established their own businesses with the help of profit they had made with bitcoin. Others have achieved their dreams such traveling around the world and all that jazz. On the whole bitcoin is helping people to live a better life and this is why people are appreciating this currency. Bitcoin is helping states in flourishing.
Of course, the impact of bitcoin within the economy would cause long-term people to maintain greater control of their investments, their money, especially for those actors who have the bitcoin platform as the main contribution of their monthly salary for the maintenance of the home.
Yes. This works especially on jobless members that only have bitcoin as a source of their income. So meaning there would be less jobless people in the community because they can sustain their needs with the help of bitcoin.
It already had it, for some it was functional, for others it was not, for other countries it became a guide to shape its own cryptocurrencies, in general, although they do not want to recognize it, bitcoin has offered great benefits to people.
Bitcoin cannot have an effect on the current economy system because the number of the people that are in the cryptocurrency like bitcoin is not yet wide or huge so the economy will not get affected and i think that it is possible for economy to get affected if the bitcoin got a lot of users from almost all the major countries.
Do you think, Japan would consider paying bitcoins as a means of salary for their employees if it doesn't known in their country? As we can see it was obviously has an affect in their economy not in a form of growth but rather as a form of change and adaption.
The fame of bitcoin driven the bankers and regulators to raise their eyebrows. They have been negative about it as they say it will trigger money laundering. When it comes also to investing according to Central banks in other countries it has high risks. So bitcoin has really an effect on the current economy system; Banks were disturbed of the strong in of bitcoin in the cryptocurrency market, there's been lots of speculations like high cost of investing in the stock market compared to bitcoin purchase transactions, and another is the birth of cryptocurrency market which is decentralized.
It will indeed affect each and everyone's country since it's a good source of income that is not coming from the government.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Of course it does, there’s no doubt that bitcoin was able to make a ripple in our economic functioning as a country. However, it is still not big enough to completely make a dent of what it can do to our country as major countries have been shutting it off due to its fear in how it can get volatile and might cause some heavy influx and implosion on its normal setting.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Of course it does, there’s no doubt that bitcoin was able to make a ripple in our economic functioning as a country. However, it is still not big enough to completely make a dent of what it can do to our country as major countries have been shutting it off due to its fear in how it can get volatile and might cause some heavy influx and implosion on its normal setting.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
It has minor effect for now, I think. In most countries you still can't buy anything with bitcoin, but when most people start using bitcoin and keep their savings out of banks it will affect country's economy a lot. As for today, country's economy influence Bitcoin rather than the reverse.Jump to: