Topic: Will bitcoin effect the current economy system? - page 6. (Read 993 times)
I think cryptocurrency will be a new cashless method neither just bitcoin. Because in fact bitcoin is used more as a trading asset than used as a cashless method. Does it affect a country's economy? it's depend on the policy of the country to allow cryptocurrency to be used in financial transactions that used by its citizens
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Of course it will take a significant impact to each of country all over the world. Because as far as you know that although bitcoin is going more viral nowadays, there are almost many people don’t know what bitcoin is and some don’t believe in this market due to it digital. Maybe people will spend much of their time investing bitcoin and then this world become overloaded. We will depend a lot in bitcoin. These day, in some countries, they accepted bitcoin for purchase such as coffee, T-shirt, books and the like, but it’s not too much more popular.
of course, today many people know and use bitcoin. It means that the user of bitcoin so many. Automatically, they who use bitcoin will be better in financial side because they believe that bitcoin guaranty their life. When it happens, the government will get low of tax, since bitcoin is free tax.
it surely effect the economy system. We know that every day the user of bitcoin is increase, event they use bitcoin as the main job to get extra income. They believe that bitcoin will give much advantages to change their economy. Automatically, when the users of bitcoin always increase, it will much effects to the economical side.
Bitcoin affects the economic system very well specially in the third world countries. Bitcoin helps unbanked people to survive and fulfill their needs. It helps unemployed people to find source of income. A lot of things that bitcoin affects our economy even in individual or national growth.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
yes Bitcoin gave so much effect/impact to our economy.such as :
1.they use Bitcoin to pay for cars foods and some other things.
2.investors prefer to invest on cryptocurrency than in a banks.
3.hot issue on some country because they say "bitcoin is a Money laundering"
and "bitcoin is a bubble" .
not only bitcoin give effect/impact to our country but altcoins too !
There are three kind of things concerning the bitcoin's effect on the economy system. The first one is based on banning bitcoin because people are depending on it, thus a threat arises. For example, China has banned bitcoin. And we all know that China is overpopulated, thus the use of bitcoin is so high.
The second one is bitcoin affecting the economy system, but getting benefits in return. Some countries like Japan have recognized bitcoin but regulated. That means they take their share. And I think this is the best solution by far because it feeds both the government's and people's needs.
The third one is based on bitcoin affecting the economy system, but the government is still quiet about it because they cannot provide jobs for the unemployed. So they allow them to do what they want as long as they do not complain.
The second one is bitcoin affecting the economy system, but getting benefits in return. Some countries like Japan have recognized bitcoin but regulated. That means they take their share. And I think this is the best solution by far because it feeds both the government's and people's needs.
The third one is based on bitcoin affecting the economy system, but the government is still quiet about it because they cannot provide jobs for the unemployed. So they allow them to do what they want as long as they do not complain.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Certainly it will effect the economy and it will do it in a positive way. However many countries are afraid of it, and it does not let BTC improving their lives.
People are holding bitcoin most of the time which i do believe that most of us do see this thing as an asset and spending or make it circulate would really be lesser.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
An accumulation of cash coin can by many hoarders can decrease the circulation of financial exchange in one country that can affect economically, what more if those are millions of dollar transaction that is spent after a profit in bitcoin in a country of origin then the answer is Yes. It affect in positive and negative way but until now no study on how big the range of effectiveness there is.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
An accumulation of cash coin by many hoarders can decrease the circulation of financial exchange in one country that also affect economically, what more if those are millions of dollar transaction that is spent after a profit in bitcoin in a country of destination then the answer is, Yes. It affect in positive and negative way but until now no study on how big the range of effectiveness there is.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Certainly it will effect the economy and it will do it in a positive way. However many countries are afraid of it, and it does not let BTC improving their lives.
BTC and crypto in general will have a significant impact on the current financial and economy system.
Many intermediaries will be cut off, like banks, agents and people will be able to control their own finance without these middlemen.
Of course there will still be people who wants to store their cash in the bank but this will get eroded as time goes by.
The entire economy will be run by crypto currencies as well as smart contract in the future
Many intermediaries will be cut off, like banks, agents and people will be able to control their own finance without these middlemen.
Of course there will still be people who wants to store their cash in the bank but this will get eroded as time goes by.
The entire economy will be run by crypto currencies as well as smart contract in the future
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Certainly it will effect the economy and it will do it in a positive way. However many countries are afraid of it, and it does not let BTC improving their lives.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Certainly it will effect the economy and it will do it in a positive way. However many countries are afraid of it, and it does not let BTC improving their lives.
Lot of people are talking about the economic effects of bitcoin, but they forget that the main impact will be at political level:
it the system really become decentralized, a lot of institutions will become obsolete; this change will start a revolution so big that nobody can really predict its consequences.
Bitcoin is already decentralized, everyone can make use of it. Any country that’s not making use of Bitcoin, then it is their government that is preventing them from making use of it, maybe because they believe it is very bad for the economy of their country. So Bitcoin is fully decentralized. it the system really become decentralized, a lot of institutions will become obsolete; this change will start a revolution so big that nobody can really predict its consequences.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
It definitely will, of course cash won't be erased from out society, but a lot of fiat has been converted to cryptocurrencies so far and we can expect the tendency to at the very least remain stable. It'll ultimately be up to every country to gather income taxes from the cryptocurrency investors. It'll be up to the banks to help their clients invest in the cryptocurrency world rather than go against it, cashing in profits on the brokerage.
We're seeing index funds looking at cryptocurrencies, hedge funds also, on top of the futures of bitcoin, the cryptocurrency world ,while still in its infancy state, is definitely going to bring humanity through great changes of economics in most of the countries in the world.
Bitcoin always effect in the economy , there are bad and good effect . The bad is BITCOIN is not taxable means government can`t produce tax for the development of the country , if government accepting bitcoin and got a taxes to all the user of it . The country's financial resources can further enhance for the brighter generation . For me i take a good effect but i dont know what is good effect for the economy . Maybe good if government accepting bitcoin as partner for all the transaction online .
I ask first, what kind of economic system do you mean? Because the economic system around the world is very diverse and consists of various aspects. There are investments, there are buying and selling activities, there is international trade, there are export and import, and so on. Or maybe you're talking about the world of stocks and trading? However, Bitcoin certainly will influence the economy from one side. Bitcoin and cryptocurrency are the latest solutions and innovations for the world economy. Especially for the poor and the simple living, it is very important for them to open the chance to have a better life. 
Bitcoin always effect in the economy , there are bad and good effect . The bad is BITCOIN is not taxable means government can`t produce tax
for the development of the country , if government accepting bitcoin and got a taxes to all the user of it . The country's financial resources can further enhance for the brighter generation . For me i take a good effect but i dont know what is good effect for the economy . Maybe good if government accepting bitcoin as partner for all the transaction online .
for the development of the country , if government accepting bitcoin and got a taxes to all the user of it . The country's financial resources can further enhance for the brighter generation . For me i take a good effect but i dont know what is good effect for the economy . Maybe good if government accepting bitcoin as partner for all the transaction online .
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
For those country that already legalized bitcoin maybe but not that much while in terms of global economic growth i don't think so because i heard on tv that no central bank accept bitcoin right now in currency exchange.
Since many uses bitcoin as the new cashless method. So does it will effect to each own country's economy?
Bitcoin would absolutely has a effect to the current economy system, there will be a good effects than bad effects like people who doesn't have any source of income at all can be given a chanve to have one by that it can reduce unemployed people in a country. While the bad effect is governments starting to ban bitcoin that will reduce bitcoins price as well. 
At this point in time, the extreme majority of the digital payments we conduct, and value we store in a digital manner, require approval of centralized entities being the banks, MasterCard, Visa, PayPal, Skrill, etc.
If I think about it, you have just pointed out something that is very important to understand for everyone. I haven't even been thinking in that way, and now I do, it just shows how much we depend on these financial services, and that it will only get worse with how digital the world becomes day by day. I however don't know whether or not we'll be able to stop this process, because people don't seem to realize how much of a serious problem this is. People are happy as long as they have the convenience and usability of these financial services working for them, and everything that happens outside their regular usage won't interest them. In other words, people don't see the problem.
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