Bitcoin Forum

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.

But the economy will change because of bitcoin not because of people.

Forex trading is $4,000,000,000,000 per day transactions (US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen). That is the reason Central Banks are stopping banks from supporting Bitcoin transactions.

People cannot create money like Bitcoin (decentralization) and governments have an well established money system that has seen many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more..

And central banks are being controlled by Rothschild family, the reason they are stopping bitcoin and cryptocurrency is that it is controlled by no one.

Bitcoin is not a fiat currency with a legitimate status in any country, but it is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits, or other forms.
The government considers very high bitcoin prices while difficulties with bitcoin taxes, so the government needs time to accept bitcoin.

Interesting, that's one perspective I didn't think of. You're right haha

I agree with this part, if some governments agreed to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as construction of more universities and encourage courses in infomatic engineering, support industrialized agriculture projects, support ICOs that have good projects. I mean, this could benefit countries like mine that are third world that need a lot of foreign investment, but the problem is that the politicians are corrupt and they only approve laws that will benefit them and only bring foreign investors that who know that they will give some money to their pocket.

The problem is not in bitcoin, the problem is not in the altcoins, the problem is not in the ICOs, the problem is the people greed and the unwillingness to improve the world where we all live

A country's economy could be increased by bitcoin with the government's record of being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in either trade or investment or a transaction. The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.

I agree with this section. If the government of Bangladesh gives consent to legalize Bitcoin, it will become stronger. Bitcoin plays a key role in the economy.
Bitcoin plays an important role in the economy. It will become stronger every day.

indeed this time like that, but later will be turned into a 3rd world because bitcoin our future and the whole world good bitcoin.

The good news is that bitcoin's status is increasingly recognized.
Because that means the entire cryptocurrency market is legalizing.

Speaking about the economy of the world as a whole, it plays not the most important role, since bitcoin has not won the confidence of the whole world

Very well said. Bitcoin really have a big impact and plays a vital role in the economy of each country that are using bitcoin. The only reason why they didnt want to give bitcoin the opportunity to be part of the economy is because they don't have the power to manipulate it. And also they can't get taxes from those who are using it so for them bitcoin is just useless. But it they will they different bitcoin helps a lot.

Here’s what can happen and what should not happen when opening cryptocurrency in a country. Cryptocurrency can, of course, make a third world country one of the best countries. But what the government don’t want is they can’t get anything from crypto. Also some banks are against crypto, so that’s why they help the government ban it from the country. What should not happen is when government agrees to open crypto to a country, they won’t milk the cryptoworld to pay them lot of money for opening the system.

I'm happy that there are still people who sees the capability of cryptocurrency like I do. Yes, it would definitely impact the economy of a country. So, even with all the issues raised regarding cryptocurrency, I definitely believe that one day, it would be widely accepted.

bitcoin doesn't play a vital role in the economy, but it can. there is a difference between these two statements! bitcoin like anything else can be like a tool that some people use to improve their lives, economy,... and some others ignore it and don't use it for anything.
for example the adoption that happened in Japan led to a huge economical change because of all the jobs that were created and also the revenue of the merchants that was increased because of it.

Yes, Bitcoin really has a big impact and plays an important role in the economy of every bitcoin country, and bitcoin is increasingly recognized, which means that the entire electronic money market is legalization.

well i would stay it still has a way to go before it becomes a vital role in the economy but yes perhaps in the future it will be

Of course bitcoin has an important role in the economy.
Many investors are investing or withdrawing their money.
Then there will be an increase and decrease in bitcoin prices.

Nothing is so simple. If the third-world governments, as you wrote, opened their eyes to the use of bitcoin, it will be used by few. Bitcoin, as well as the entire Blockchain technology, can be useful for many many things, but I don't believe it has some kind of "celestial" power of changing the world. It can help an economy, maybe individual economy, to grow up; can change the entire perspective about the banking system or the governments lends... even can achieve somehow of wide position in economy and become crucial to the economic system.
But changing countries were corruption, mislead, wars, poverty and all kind of injustices are taking place... well, it is just technology, not a sort of Greek god.

Do not forget that technology can't reach all the houses. There are millions of people worldwide worried daily just because they have no clean water to drink. Bitcoin, I'm afraid cannot fix all the human issues, it can't stop wars, either injustice. Is a shame, of course. But also, reality.

Not only bitcoin but also all kind of currency play a huge role in our world economy. But when we talk about bitcoin usually it's indicate the new trend of banking currency system. So it's different all kind of currency which is exist in our world market because its invisible and it's show many fluctuation than dollars, Euros, PLN at the same time. Although bitcoin is new but it's make effect in our economy a few time, when it will be well-known as like as American dollars, it undoubtedly make strike in world banking system at the same time world economy.   

Yes. Bitcoin is somehow the trump card of other countries in terms of economy. Bitcoin can make the market upside down if maintained correctly.

if I see a lot of people who are interested in bitcoin. even bitcoin has helped mainly the economic life of people who medium down. creating new jobs. so the number of unemployed becomes reduced .

Bitcoin plays a very important role in the economy because everyone is competing and competing to invest in bitcoin.

Bitcoin is the first decentralized digital currency which came into existence in the year 2009. In simple terms, it refers to coins that can be sent online. It was invented by an online alias Satoshi Nakamato. I think that developing economies can benefit the most from bitcoins. Their policies should encourage the use of bitcoins.

Since the bitcoin appeared payment methods, business, investment, .. ultra modern help the economy of the world around the world developed in the direction of modern. It can be said that bitcoin plays an important role in the economies of countries around the world.

It is in the governments and politicians hands of how they convert the bitcoin useful for their country,already we know that one of the well developed country like Japan legalized the bitcoin usage and it is accept bitcoin as a form of payment so other countries also need to follow the same to get the benefits of bitcoin.

Bitcoin has very less role in India and China economy. It needs 3,000,000,000,000 for gold price to go up by 10%.

Bitcoin it just in testing stage and may not survive the well established money system. Traders cartel is pushing bitcoin price up and down by 10%

it is true, because the state that prohibits bitcoin, they do not get taxes, it's one of his problems, all can be set if the government firmly in terms of bitcoin.tapi one day maybe bitcoin is acceptable

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.

Once regulated it would surely play vital role in economy because of the taxes that the government can collect. The additional revnue collected from bitcoin will domino effect to the governments projects that would help improve the economy and the lives of the people.

In my views, bitcoin has contributed a lot to the economy of any nation like a sort of giving them livelihood where people can earn profit even without any investment like joining in signature bounty campaigns. It may changed the way people deal with their banking transactions or money transactions using bitcoins blockchain technology. Most importantly, people may have the option to make investments with bitcoin that could generate good profitability to the investors.

Well, if you only add the Billions of people without Bank accounts to the financial system, then the whole world will see a difference. Most of these people are living hand to mouth, because they do not have Bank accounts and rely on physical hiding places to store their wealth. Yes, many might think that the odd $1 to $10 would not make a significant impact, but if you look at the numbers involved and how many people will be added onto the demand side, then those figures are staggering. 

Just think of the little informal shops and markets all over the world and all the revenue they generate daily.  ::)

Do not teshte yourself with these thoughts. For the state, crypto currency is more of a headache than a useful thing. The state can use blockchein technology to safely store large databases and use some of its functions. However, the uncontrolled process of the circulation of the crypto currency and the possibility of uncontrolled withdrawal of funds outside the state, difficult control to collect the tax, a great investment risk brings and will bring great problems to each state.
Crypto currency gives freedom of financial relations and many opportunities only for citizens.

Dont be exaggerating on this one,yeah we know how bitcoin moves and how beneficial this is,but lets not forget that governments only do what they think right for theyre country and people..its theyre obligations to push whats good for the people.

Indeed. I would add on this one in little different way. I mean bitcoin is just part of the virtual economy which is getting partitioned with so called virtual world and real world barriers. I mean there are hundreds of ways to hide the assets in the form of bitcoin and government cant even track back anything. This one is important because if government do not track anything then they cant get the taxes filed for that much money, investment, assets etc. Thus the fiat goes only in one direction and takes out the economic balance from real world. This can happen on minor level but with the time the effect could be major one.

I agree with this part. If the Vietnamese government allows the legalization of Bitcoin, it will become stronger. Bitcoin plays an important role in the economy.
Bitcoin plays an important role in the economy. It will become stronger every day.

I think bitcoin can make more people more independent for those involved. but not to change the economy of a country. you should see a comparison scale in the community. of course, only a few percent of every population in a country is involved with crypto.

Bitcoin is just the innovation which optimizes the traditional way of transferring the funds. It depends on the traders/users from the country that how they are using it for the amplification of their growth and so that the growth of the economy. We are still in the basic phase of development and there are infinite opportunities out there and thus I believe that governments should have a broad approach towards it.

yes I think bitcoin may one day be an alternative payment and it should be very influential on the economy of an area and why at the moment many countries are refusing bitcoin to be a legitimate paying tool :-X :-\ :-\

i thing bitcoin plays a vital role in a country economy, because it open up global market to that nation economy.

I wish that the leader in developing countries could understand the benefits of bitcoins. But sadly they are concerned about their own interests and promote projects which give them some commission.

Not every country is going to accept it and many might even ban it thus only few countries which has or will accept it may treat it as an alternate payment method and can introduce or accept in entire country as a payment mode.

Just the opposite, currently Bitcoin doesn't have some significant role in official economy. The reason for that is the fact that in most of countries Bitcoin isn't regulated and officialy recognized so the money flow that goes with Bitcoin isn't registered and counted anywhere in state economies.
So the economic effect of Bitcoin whether for individuals or some rare companies that use it limited for them only without any impact on the economy of state. Hope this will change in the future but for that we have a long road to go.

The Crypto money market is one of the big stock exchanges. It is a market where there are huge investments of money. A popular stock market world where large amounts of money come in and out and prices are constantly changing.
With Bitcoin this market came into our lives. The contribution you make to the economy can not be denied.

I do not feel that bitcoin has an important role in the economy, since bitcoin is only able to absorb 1% of state finance. so I think bitcoin does not play a role in economic growth

At the moment, bitcoin does not play any role in the world economy. But the potential of crypto-currency is not yet disclosed and the developed countries understand this and begin to look for ways of implementation. Today, the Crypto currency accounts for only 2% of the GDP of the world economy. Still ahead, friends 8)

Bitcoin is great we all know that but bitcoin does not open the doors to new markets right now it is only opening the door to one market, the market of cryptocurrencies, I have a very strong faith that bitcoin will eventually become an important part of the economy but right now that is not true.

this is very true especially in third world countries because what this will do is inject fiat into the economy which would mean that business would be able to make more money as people would have more money to spend and this would stimulate economic growth because among other things government would collect taxes from these transactions that would now arise. monies could also be used to open new business which would reduce the unemployment rate , which would remove some strain from the government to care for the unemployed so this situation can easily be turned into a win win win situation for all involved.Bitcoin can definitely turn around the economy but just like everything else that produces good fruit it will require hard word determination and education.

These are all fairy tales) Bitcoin doesn't have much influence on the economy at the moment) Because too few large operations are performed using bitcoin

difficult to control or they do not get taxes, I think that is not the main factor the government bans bitcoin. even because of bitcoin volatility, governments can take huge profits, and even if bitcoin is adopted and then make positive regulation, so, bitcoin will have a significant effect on a country's economy.

but their main reason is bitcoin as a big threat that could disturb the stability of their currency.

I agree with this section, if some governments agree to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as the construction of more universities and encourage courses in infomatic engineering, support industrial agriculture projects, support ICO which has a good project. and the economy of a country can be increased by bitcoin with government records being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in trade or investment or transactions. It is this tax that gives the government income. How a country's economy can change due to bitcoin if they do not impose tax on people who act using bitcoin in a transaction.

This vital role will only realized if a government legalizes bitcoin and allow it to be one of their legal tenders. The mass adoption of bitcoin into mainstreams will also help improve the economy of a country. Japan for example allowed bitcoin to be used to lurchase any kind of goods whether it online or offline. Taxes from bitcoin and other cryptocurrencies are becoming one of the main contributors to the government coffers.

Yes we must continue to put pressure on the government that Bitcoin is a viable financial system to use. the development of the times that slelau demanded the advancement of technology will definitely require a much more sophisticated system. It also applies to the financial system, should Bitcoin and cryptocurrencies be well received. if we unite and vote then I am optimistic that the government will open up and ultimately acknowledge the benefits provided by cryptocurrency.

I think that's what all bitcoin investors want in every country, the government protects bitcoin monitoring and development so it creates good cooperation between bitcoin and the government of a country

If this will continue then those who are not really aware with how bitcoin will works will be noticed, many government really don't believe with bitcoin
capability, if they will just open their minds  and look with possibilities, the potentials where bitcoin can deliver will be in the positive ways, bitcoin
can be use in a wide transactions and can be quick and easy, they just needed to supply implemented rules from each countries that they've handled.

Yes Bitcoin plays a very important role in the economy as other ways of investment plans for the common people now a days have become diminished as bitcoins have taken over that ways of investment. There is much more profit by investing in bitcoins so people are running behind bitcoins and it is playing major role.

Willingness of bitcoin users to tax their income with bitcoin would definitely have an impact on the economy but i believe the economy would still benefit even if they would not declare their income on their ITR's. People who succeed with bitcoin would have a greater buying power and this scenario would somehow affect the economy as a whole.

Bitcoin does open a new opportunity for people to earn and increase the people's economic, if it is used properly then for sure bitcoin is a very useful thing, but it gives more advantage for the people than the country, I think the best way to balance this is to regulate crypto, at one side the government got the income tax the other side we can easily used btc for transaction

On the other side,I mean positive impact brought by bitcoin to our economy,yes it is,it plays a vital role in the economy,if bitcoin elevate the financial status of each members so,theres also a growth in economic status of the country,if people has money to buy some products then the economy of the said country will also prosper so much more if in the future this currency will be use,I can imagine how progressive economic status of the country will be,

Your statements, in my opinion, are somewhat inaccurate. It can not be asserted that a crypto-currency can not be taxed. Now many countries quite successfully apply taxation to the crypto currency. In Japan, for example, the introduction of taxation over the past year brought profit to the economy of the country and increased the country's gross national income by 0.3 percent.
Also it can not be asserted that the crypto currency is vital for the country's economy. Before that time, the economies of all countries managed without a crypto currency and could continue to do without it. Crypto-alyut is more needed by citizens than the state.

Yeah, bitcoin plays a vital role in our economy even the life of the people. This will opens many doors of new markets which affects mainly the economy of many country here in our world. Many people are saying that bitcoin is illegal because it doesn't get taxes from the people who use it.

In whole world more people have more ways to save taxes. Some are legal and some illegal. So Bitcoin is not only one. Second thing is some government get strict and has full eye on Bitcoin transaction. Because of it getting hard to hidden income by Bitcoin.

Bitcoin plays a vital role in the economy because if you look at it , in terms of business this is connected to the economy only that government has no right to employ policy over bitcoin, so bitcoin helps people to participate to the global economy, where in cryptocurrency and the use of mobiles phones access the modern banking and other financial services through the blockchain.

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.

bitcoin has a significant impact on the economy in all countries. all investors have chosen bitcoin as a replacement for stock or money as a means of transacting with everyone. so greatly affect the economy of the country. and bitcoin becomes an alternative to investing media in addition to stocks, land, buildings or bank deposits.

I don not see how they became disruptive, if you really take a look at it, banks are considered to be more disruptive than we think, whenever there is a project for the economy and banks will be paying for it and not the people's taxes, they can hide from the people, an example is hidden fees that the banks will charge you, banks can also manipulate the stock market and can ruin a good business, but as for crypto currency, if people had adapted to it, we will have freedom on what we buy, for now we do not see any major projects coming from crypto currencies like building a bridge, a mall, security and defense and militarization, if there would be a project like that, we can compare the two, which is really disruptive, and going back to history, whenever there is a war, one banking family is funding both sides of the war, and that is just to get more income. For now, we are just about to see the real importance of crypto currency once, a country will grt out of debt using it and i believe that is one of the reasons why europe wants it to be regulated, sincethe PIGGS could easily pay their debt, even without costing them.

No, I do not think that the importance of bitcoin in the current economy is as great as OP thinks, because its market and its level of acceptance is still too small to influence in such a remarkable way in the current economy. I think it is still a long time before the cryptocurrency market can dramatically influence the global economy, and when the conditions are right for that to happen, bitcoin will have to face a great competition of new and more advanced cryptocurrencies that threaten to gradually displace bitcoin from its current hegemonic place.

Earlier all the monetary transactions were enabled through central banks (directly or indirectly). Now, with the evolution of Bitcoins, the scenario has changed. The power that was vested in the governments and central banks is shifting to the masses.

I agree on the fact that they can use it for their advantage, but use its technology not the actual currency it self, because as you said its controlled by none which makes it difficult for them to control it and know where transactions are coming from and where they are going, which could cause some heavy money laundering, i am not against it but if bitcoin is the key to solving some economical issues and bring improvements, than there needs to be a way for transactions to be monitored.

I agree with your opinion, crypto has a very important role to make a country's economy better, and decentralization is a different system, decentralized system unlike dollars and other fiat currencies. venezuela success by creating petro, swiss will also create crypto.

Crypto always survive, even able to survive from geopolitical conditions, in 2016, the value of the dollar fell because of geopolitics, but cryptocurrency does not get the impact of geopolitics, so the price is stable.

Yes it is true that many countries that do not like bitcoin because the country can not control bitcoin, should the country take a positive gap.

Yes, bitcoin plays a vital role in the economy because bitcoin helps people to participate to the global economy, and it will opens many doors of new markets which affects mainly the economy of many country. Bitcoin gives more advantage for the people than the country. But some countries don't like bitcoin because they don't gives taxes from cryptocurrency.

yes you are right in my opinion bitcoin could be an important role of the world economy in the future which have started using digital currency like bitcoin for its main finance. it's better now to have as much bitcoin as possible.

If a government regulates bitcoin then it will be hard to invade tax, with it as long as you convert the coin to your fiat currency, the advantage is that we will have more control about our financials because no government can tax me for the assets stored in bitcoin.

I believe that bitcoin, cryptocurrency or the blockchain system in general has a very vital role to play in the economy. What I'm seeing right now, bitcoin doesn't limit anyone, regardless of your background, status or whatsoever to joined the program. You can invest, work, trade and so on using this platform. That's a new sense of freedom to individuals. That's the fact that I love about it. And that being said, many people could get involve and it will in a long run affect the economy.

Cryptocurrency really has a vital role in the economy, and is not limited to crypto holders, it also effects the gaming industry and has a great effect on the advancement of technology. The demand for GPUs dramatically increased, and the need for more advance processor also increased. That's why a more advance GPU that has low power consumption has been made.

Even though bitcoin holders doesn't pay taxes to government but still it can contribute to economy, because as what I observe people who work in crypto and earn bitcoin has drastically changing financial life for better and if there are more rich people in a community then there are increase in monetary circulation because they will buy more goods and services in any establishment that have been tax out by the government.

Indeed, bitcoin is adding a dynamic element to the economy. The economic power which lies with the governments and financial institutions is at stake, making the big players wary of cryptocurrencies.

Yes, our state government also implements taxpayers for every bitcoin provider, they also plan to apply the same to bitcoin users they just have trouble knowing every bitcoiner and the amount of revenue.
I think the taxpayer is the main thing we need to do to build the state economy and return to consciousness with each other

I think not, because after all bitcoin can not change the economy of a country. because the value is so very fluctuative and can not be set by anyone.

I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the  unemployed people. It helps reduced the unemployment rate here because through bitcoins and ICO, people here have found jobs online and paid by bitcoins.

That is a good extra income for third world people, good that these people are being benefited from Bitcoin. Now they have the opportunity to save money and use it wisely in the future, learning how to make successful businesses on their countries, consequently improving the local economy.

One of the main problems in these countries is the lack of jobs. Entrepreneurship could be the solution for these people, but it wasn't accessible for them, as it's difficult to save money when you don't have it and the only another option would be to take abusive loans at banks and similar lenders, what is very risky!

Then these online jobs paying in BTCs and Bitcoin investment itself came and helped these people a lot to earn enough money to start their micro businesses, that can grow within time. Consequently BTC will be turned into fiat by these people, helping the local economies to grow strong.

Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes. If the governments take bitcoin positively then it would be good for their country.

Good news is that bitcoin's status is increasingly recognizedI'm happy that there are still people who sees the capability of cryptocurrency like I do. Yes, it would definitely impact the economy of a country. So, even with all the issues raised regarding cryptocurrency, I definitely believe that one day, it would be widely accepted.
otherwise The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.

   

yes , Bitcoin plays a vital role in the economy. Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks which act like ledgers and once a block is filled a new block is created. All blocks are connected to each other using hashtags and a linear chronological sequence of these blocks forms a blockchain. Thus, every transaction is digitally recorded to keep security at a top notch level.The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies.

Government has already opened up their eyes, and when they did they started banning the crypto currency. Because there is valid reason for that, they cant go on tracking each and every transaction that comes out of the crypto blocks. It means people still can hide more than enough funds over their and trick the government. It would be unimaginable how people can transfer millions in second over the international accounts and do the money laundering. So its not like if we started paying the taxes then we are good to go with it.

I think that the bitcoin plays not for so much important role in economy as we would like. Very important in technologies and at the level of individuals, but not at the level of the state.

Yes because bitcoin opens many doors for new markets. It would greatly affect the economy of a country. The one of the reason why there are some countries who don't like bitcoin it is because cryptocurrency is controlled by no one.  And users don't give taxes. But if governments will just open there eyes to bitcoin, and then maybe they will see the so many advanatges of bitcoin.

Bitcoin is a cryptocurrency, so it has a price. And also in many countries bitcoin is now granted. So it plays not only a vital role but also some day it will control a large number of economy in future.Many people believe that they can change the way through bitcoin in economy.

it seems that bitcoin can not be the trigger of the movement of the world economic condition because the current trading volume is not too big, different if it has beat the trading volume of the dollar is certain it can happen.

I think the economic growth of the country not only about taxes bro, don't forget about micro economics and macro economics which very important role in the economy of a country.

Btw, its like my opinion in two month ago but somone explain to me about that and changes my opinion :)

Yes!  it does !  as a whole it can make a big increase in a country's DGP and it can change the lives of the citizens. Here in my country i have seen very poor families that struggles to survive daily that they even have a hard time feeding three times a day..Every things change when they join bitcoin now they are living a more comfortable and productive lives. So bitcoin has really change the financial status of the people and as a whole it makes the economy of a country more productive.

Definitely yes, Bitcoin plays vital role in the economy because it gives numerous opportunity to society to earn profits without any taxes required, although government will not really agree with cryptocurrency but I know later that government can realize the good thing brought by bitcoin.

Since more people are now embracing cryptocurrency I'm sure Bitcoin plays vital role in the economy, because it bring many opportunity to the society. It open many new door in terms of jobs and potential profit to earn in investing Bitcoin without any tax.

Yes a country's economy can be upgraded with Bitcoin with government records to be able to accept Bitcoin and legalize Bitcoin and impose a tax on Bitcoin users in trade or investment or transactions. It is this tax that gives the government income.Only some people do not pay their taxes when trading Bitcoin and Cryptocurrency which does not mean that Bitcoin affects the economies of the whole country these same people will never pay their taxes when they do other things so the economy not changed because of them.

In this matter, bitcoin helps one's economy indirectly but bitcoin itself does not help at all. Bitcoin users use bitcoin to build their own business/es as part of their investment and with this, they help economy to progress.

Bitcoin can definitely turn around the economy but just like others in order to to reach their goal it will require hard word determination and knowledge. More people are now adopting crypto  as investments but in the future when more projects succeed using blockchain technology then there will be a good outcome that users will benefit.

As far as I know, country's economy are dragging down because of its citizens who doesn't have monthly salary and facing difficulty to make living. Bitcoin provided an innovations for living. As far as it helps that person, the lesser the chance that person will depend on anyone else and that could be helpful to lessen the country's burden towards its people. So, if only bitcoin was welcomed by everyone, it will probably a big help to them and to their country as a whole.

It is never worth saying.In fact,Bitcoin plays an undeniable role in any country's economy.Unemployed find job, gain-profit as a result of turnover-investment.The country will become a heavier asset.

yes you are right bitcoin start to play with the price conditions and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.

Yes Bitcoin is a vital role of the economy, the value of the bitcoin changes the world economy. Those who are not getting a better monthly salary, they are searching a alternate source of income. Bitcoin solve this problem. I think in future the government will realize the good things about bitcoin.

"The key to the legitimacy of the system for all of these parties is to establish that people using the system are acting legally and responsibly." Hence, Money's use carries associations of value, which in turn helps establish whether a currency, a payment form, and a social model for transactions are legitimate. "It's hard to bring any of them on board if the money is associated with behaviors consumers are troubled by,".

I wouldn't say that it plays a vital role, yet, at least to the government. But I believe that bitcoin's true potential is starting to reveal itself as time itself, and adoption levels continuing to go up at a steady pace.

One of the most obvious roles of bitcoin that I can think of would be international remittance, and debt settlement. Instead of having to deal with exchange rate risk, fees, and all that, businesses can simply use bitcoin to settle their trades. That's something that the economy needs right now, and bitcoin is the best thing available for a unit of account in international trade, imo.

Furthermore, if governments do legalize bitcoin businesses, and regulate them positively, it'll mean that they're attracting new crypto startups to their country, which is a positive thing in itself for the economy. These are only two examples, and the roles that bitcoin can and is playing in the economy will only grow in the future.

at the present stage, the impact of cryptocurrencies on the world economy is very significant, mainly due to the number and amounts invested in them, as well as, in part, due to their growing demand as a means of payment and protection from outside interference. Nevertheless, the risk of collapse is very serious and its consequences, due to the lost funds, can have a very negative impact on the economy as a whole.

I think if bitcoin wants to be something acceptable to the government and to be an important role in the economy. Certainly bitcoin will be set up so well by the government as it is taxed in every use.

Bitcoin captures a lot of capital in the economy

I wish that the leader in developing countries could understand the benefits of bitcoins. But sadly they are concerned about their own interests and promote projects which give them some commission.

Even though is corruption in almost every country in the world, it's at the worst in developing countries because the leaders are all concerned about themselves and not the people as they so claim. Bitcoins legalized in a country will make sure that the people will make some money for themselves and not totally depend on the government.

yes this is very influential on the economy .. and this will soar in the future as a digital currency

In my opinion i will say that bitcoin is helping people financially speaking to be able to cope with the high economy but not that it will change the economy everywhere in the world.

it is true that bitcoin can provide a good role in the economic development of a country so that what happens today is very good in the future will facilitate in online transactions other than that bitcoin can be used as a good investment and as the cost of living in the future.

I agree with this section. If the government of Bangladesh gives consent to legalize Bitcoin, it will become stronger. Bitcoin plays a key role in the economy.
 It will become stronger every day

LOL yes maybe for the 3rd world country cheating massively the bounties etc. so they can buy some food.... But in the world wide economy Bitcoin does not do really anything, just a very low percentage

i think bitcoin plays a vital role in a country economy, because it open up global market to that nation economy.

I wish that the leader in developing countries could understand the benefits of bitcoins.

It’s the growth in spendable money that fuels inflation, the “where does the ‘too much money’ come from in the classic definition of inflation, “Too much money chasing too few goods.”

I believe in bitcoin, but at the moment I can not say that it plays an important role in the economy, any country, as many countries are neutral to one's attitude. But in the future everything can be different ...

Undoubtedly bitcoin plays vital role in the world economy, it can impact the specific countries financial position as well. Economy depends on bitcoin as well because it is considered in mode of transaction .

In this statement that bitcoin plays a vital role in the economy so does mean that the company of bitcoin is the most demand business in this industry because they can centralize the transaction of the business and also the exchanges of something in the business.

Bitcoin is a new currency ecomomic system. Bitcoin is not affected by the exchange rates. In developing countries, Bitcoin is very useful to maintain economic stability. Bitcoin can be main cast in economy in developing countries. It can be solution for the problem economy in develop country.

I agree with your point. Bitcoin adoption will improve the economy of any country. Its gives more employment opportunity, investment opportunity, good return opportunity, mining opportunity for better profit, the blockchain technology will also be used to improve every sector of governance. These and many more are the opportunities that Bitcoin can bring to an economy

The additional additions collected from bitcoin will have a domino effect on government projects that will help improve the economy and people's lives. Once set it will definitely play an important role in the economy because of the taxes that the government can collect

I think Bitcoin symbolizes the belief of investors with the world financial. Make financial transactions faster, more transparent and error-free.

Well, according to me Bitcoin plays an important role in the economy of every country that uses Bitcoin. The only reason behind this not to become legalised because no one has the power to make changes in the rules and regulations . If it has become legalised then the government authorities raised a huge amount of taxes from this and economy will become more strong day by day.

I think. If some governments agree to legalize Bitcoin and many exchanges go to their country, create jobs, work as part of further university building, support industrialized agricultural projects, ICO supports projects that are good, I want to tell countries like me The third world that can benefit greatly, many foreign investment is needed, but the problem is that politicians are poor Affected and they only approve the laws that will benefit them and only bring foreign investors who know that they give some money in their pocket. The problem is not in Bitcoin, the problem is not in the literal sense, the problem is not the IOC, the problem is man's greed and the world does not want to improve

the study of nature, essence and role of crypto-currencies is a prerequisite for the development of a monetary policy adequate to the challenges of the current stage of financial market development, which is global, unpredictable, unstable and creative in nature.

I mean, this could benefit countries like mine that are third world that need a lot of foreign investment, but the problem is that the politicians are corrupt and they only approve laws that will benefit them

Nowadays bitcoiners members increasingly in everyday life. Almost everyday bitcoin and government have gap for there are countries that banned bitcoin. Also there are countries that accepts bitcoin. OnCe government and bitcoin development have a good partnership we will probably witness the beauty of crypto to be more develop.

Bitcoin would be perfect for the people, but not for the governments/banks. If you keep your money in your bank ( or also under your bed, the same thing as you own FIAT), you actually losing like 1-2% year cause inflation.. this sounds good for you? What a wonderful world if Bitcoin would be the only one currency? But this will be so hard, and most of people in the world are stupid and cannot even open a PC.. imagine doing the revolution against the banks...

maybe it can happen because of the huge results and profits, and maybe many countries are resisting bitcoin for its development because there may be many negative effects that will arise later

Apart from the fact that government sees cryptocurrencies as a threat to fiat currency, government will hardly support anything that it is not making money from. Government would like to get tax on cryptocurrencies but they need to have a regulation in place. That is the only way it can impact on the economy.

I think like that too. Why bitcoin not use in every country in the world? Because it virtual? whereas it can advance the economy in every country in the world. I hope bitcoin can be support by goverment in every country in the world. :)

Yes, that is right. Once bitcoin has been formally accepted legally, it will grow faster and better. I can support the economy of a country. The government can collect taxes from bitcoin transactions that may increase government income. Besides that bitcoin can be used as digital currency and digital asset.As digital currency it will support each other with fiat money while as digital asset, it may become a profitable investment instrument. That is why it plays an important role in the economy.

It is still unclear whether bitcoin will play the same role in the economy as, for example, gold.

it will make the economy more viable in the face of various shocks, promote fair and sustainable development, giving users the right to play a leading role, thereby strengthening local economic development.

better now to have as much bitcoin as possible. Because I think in my opinion bitcoin could be an important role of the world economy in the future that has started using digital currencies like bitcoin for its main finance

Not as vital as it would be if it becomes regulated. Right now, No data or statistics can show how bitcoin affects the economy. People diverting some of their money to invest in bitcoin and some people making a living out of cryptocurrency definitely has some effect.

Definitely bitcoin has been a vital role in the crypto economy as we can see that if the price of the bitcoin went down, the whole crypto market will be affected by it. similarly, when it goes up, a lot of the coins will also increase.

People are wrong if they think governments cannot impose tax business entities that accepts bitcoin. Another thing some people believe is that bitcoin can play a vital role in a country's economy and that it can make third world countries into the best in the world.    

Bitcoin has a very great positive impact on the economy of each country that accepts the use of Bitcoin. Bitcoin comes as a package which offers job opportunities like Blockchain technoogy analyst, developer, bounty hunter etc. Also, Bitcoin gives its users the ability to own total control over their financial transactions due to its decentralized nature. In the long run, the economy is enhanced as the people enjoy all these benefits from Bitcoin.

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits

yes bitcoin can play in the sensitive areas of the world economy, because bitcoin has a good development and bitcoin is the first digitized digital currency that has sophisticated and secure technology so it can lure the market to use it.

it is true bitcoin plays the economy in indonesia, because bitcoin income in indonesia a lot, now bitcoin is decreasing, so income of economics in indonesia can be stable, but bitcoin sure its price will return stable.

In Asia there are many startups trying to reach the world. NEO, an open source blockchain platform, was developed in Shanghai and has NEO copper that topped the world's largest capitalized electronic currency. According to founder Da Hongfei, NEO is designed to "connect the digital world to the real world." More than a dozen startups in and out of China are developing NEO-based "distributed application" software. Among them are Red Pulse, a company that provides a semi-auto stock research system that uses AI to collect data and generate research reports before being edited by humans. Red Pulse's clients include Bloomberg and several other financial news outlets.

As a substitute for fiat currency in the future, this is definitely a work that Bitcoin must do to get everyone to trust the workings of Bitcoin, and more and more users. Bitcoin is also a clear proof of the future development of digital technology that we will use later in the future.

BTC is something important in the economy, as we can see that BTC has grown strongly over the past few years

Yes, it is true, I think that this bitcoin plays a very important role in the world of economy. Many people are successful through bitcoin. Does not a country want its own independent, affluent, and prosperous people? As far as I monitor bitcoin users, they are much better off in the economy. Their lives are changed to better by bitcoin. Many emerging young billionaires from this bitcoin business, especially those close to me. If more and more are jumping on bitcoin business then more and more people become to succeed.

Indeed bitcoin has played an important role in my economic life and some people who already know the virtual currency like bitcoin, thanks to bitcoin their life becomes financially better.
But i think for the world economy, bitcoin does not play an important role, because until now the existence of bitcoin has not been accepted worldwide, there are still many governments that have not legalized bitcoin, because the government needs careful consideration to legalize bitcoin.

I believe that Bitcoin plays a vital role in the economy once it is legalize by the national government. It can help in providing jobs to a lot of people, governmenst can also inposed taxes on Bitcoin transactions, that way, it can also help the economy of that country. Let's just all hope that it will not just go to the pockets of those corrupt offcials in the government. It's high time that we all help and do our part for the improvement of our economy.

corruption does not matter if regulation has been made, but I have not believed in a supervisory agency working to monitor them, I do not think they can ever 100% follow up any illegal activity from anyone and there is no formal agreement if someone wants to do money laundering on media crypto.

The Bitcoin economy has the potential to reach all sectors of society and of course it brings a huge economic impact, but there is one problem where the government will never be able to make binding rules because all the bad things can be done with the internet that is beyond their reach.

Yes it is true that bitcoin really open doors to people to earn profit. Government can't benefits from bitcoin but it makes people go on living because they earn profit from it.

it is true that governments want to get part of your money, they need always get some fee for all things people are doing in the country

Yes, bitcoin is already be considered as a great player in different countries economy. We all know that bitcoin could give a massive growth of wealth. In this matter many individuals in different sides of country tried to invest and become successful which take home huge amount of money in their country.

bitcoin plays a very little role in economy nowadays. It's just a very tiny part of the economies in general. But if it succeeds, it can help in many factors, for example to import/export businesses...

I really agree with your opinion. if governments agree to legalize bitcoin, and exploit it for the sake of the state, it will surely benefit all parties. but when there are a handful of people who use bitcoin for a crime or a bad thing, it will damage the image of bitcoin and cryptocurrency. whereas bitcoin has more benefits.

This is so accurate. Come to think of it, bitcoin is so popular nowadays and has really a huge impact to the economy of a country. And if bitcoin will be legalize and approve by a certain country it can really help to the economy to soar high. Though bitcoin is nontaxable and decentralized, still it can be an opportunity for everyone to be richer, and to help the economy.

right. because now many people who do not have a job even the poor now can get a job and get the results of their investment. calculate the count for additional needs for their daily economic needs .

Just because users of bitcoin don't pay their taxes while spending and investing money it doesn't also means that it has a huge effect to the economy. People don't always pay taxes for all the things that they always do, using cryptocurrencies can't be that powerful bad effect unless all people in the world uses it.

Actually tax is one of the main fields for the country to make money other than state-owned enterprises. So I guess the state will not let anything without taxes can roam freely, all-inclusive taxes are therefore a common rule of a country. I think all countries are also applying it. Opening up local business opportunities that allow bitcoin may be able to raise the economic situation, but to determine how it will be applied and how it will be if it is already in the running is the main question here.

The appearance of bitcoin has become a real breakthrough. That's why there is nothing surprising that it has a great influence on the economy. Not all governments want to accept it but with time this will change as everyone will understand how many pros it has

People don't always pay taxes for all the things that they always do, using cryptocurrencies can't be that powerful bad effect unless all people in the world uses it. But when there are a handful of people who use bitcoin for a crime or a bad thing, it will damage the image of bitcoin and cryptocurrency. whereas bitcoin has more benefits. We all know that bitcoin could give a massive growth of wealth. In this matter many individuals in different sides of country tried to invest and become successful which take home huge amount of money in their country.

this right in a few fields that

Not yet, there are no industries which can't function  without BTC, but almost any sphere can benifit from using blockchain and Bitcoin in particular

Yes with full government support for the world of cryptocurrency surely the spirit of someone will continue to burn in utilizing bitcoin as a means of income and the country that began formalizing it became more advanced after the community can meet the basic needs with guaranteed and lower unemployment.

You correctly say that bitcoin affects the economy. It's so global that it's even hard to realize it to the fullest. Great minds foretell the revolution of the blockchain. We can only watch this process and have time to earn money on it.

It definitely plays a vital role, bitcoin can be the solution to one's economy, it is indeed important since it can be the answer to making the economy of a country much better, hopefully the Government would be able to benefit from it.

They are not important, they are only an accessory to the economy in payment. Many countries have not accepted BTC in paying for goods and have not considered them as a market economy. legal business, so BTC is not the main economy now.

The increasing globalization of the world economy is accompanied by rapid digital technology, the people's need for speed, convenience and security of financial transactions are increasing. So the required payment system is quite reliable and easy. The payment system is a mechanism that includes the arrangements used for the delivery of payments through the exchange of values between individuals, financial institutions both domestically and globally, with the existence of Blockchain Technology with its strongest currency called Bitcoin,
Despite the risks associated with the use of Bitcoin, Bitcoin can expand the likelihood of economic activity and redefine how e-commerce is done. It is however important to be aware of the risks and implications of using this historic technology.

yes you are right, more and more people begin to use btc and more and more county begin accept btc. bitcoin start to play a vital role  and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.

indeed today can be called practically like that. because because bitcoin has started quite popular and is becoming accepted by people in the world, and those who believe will say bitcoin at this time does help the economy of our lives for those who believe in bitcoin.

I strongly agree with this section, if some governments agree to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as building more universities and encourage courses in infomatic engineering, supporting industrial agriculture projects, ICO that has a good project.Bitcoin plays an important role in the economy. It will become stronger every day.and so on.

Yes,of course bitcoin plays a vital role in the economy.and its already be calculated as a lengthy player in various bourn economy. it makes people go on alive because they earn profit from it.

Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks. Every transaction is digitally recorded to keep security. Though the transactions are recorded, the information of the parties participating in the exchange is not revealed. The money can only be tracked when it is converted into cash. It helps the people to invest their savings conveniently. It is investment system suitable to our economy.

yes you are right and I agree with you that many government doesn't like bitcoin because they don't get the tax of the owning of bitcoin and profit from bitcoin, and they don't realize that bitcoin is the one currencies that will affect world in the future, and maybe economics of the world can be change bcause of bitcoin

Bitcoin can change the economy that holds it because they benefit from bitcoin. And when the state legalizes bitcoin the public is more free to have bitcoin, and the economy will get better.

There are so many reasons that makes  Bitcoin economically  Relevant to our present world. Any country that want to go far in future need to adopt Bitcoin and cryptocurrency generally.  If you check great projects Given birth through bitcoin  it's show that bitcoin have the potential of boosting a nations economy.

i think bitcoin will become a universal currency in the world . in the near future , many countries's governments will make large reserves of bitcoin . this is fair to everyone .

Who told that you cannot tax the cryptocurrency. Their are so many ways that you can collect tax from the cryptocurrency users. Just like in stock market you can collect trading taxes and you wont believe that the tax collected through cryptocurrency will be more then what the country will be collecting from any other option. Still they are not ready to accept it.

Yeah , I am agree with you.If government can think positive about bitcoin,the economy of his country would get  change

Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.

I agree with the guys! Today bitcoin and the entire crypto market is the future! a new era has come, a new transformation of the economy! I am sure that in the near future the world will change very much with the arrival of the Blockchain system and technology! I was recently at the forum, and there bank managers said: that companies, those banks that will not implement the Blockchain system, these companies and corporations will cease to exist in the future! Previously, there were gold and silver coins, then came paper money, after credit cards .... and now at last a new transformation of money occurred - this is the appearance of bitcoin! Bitcoin over the past few years has changed the world's understanding of the economy, and I'm sure that we are at the very beginning of the development of the entire crypto market!

Yes, ofcourse bitcoin plays a vitol role to the society especially to the economy but it is more became important to those countries who are already accepting bitcoin as their currencies and using it in a transaction but for other countries ofcourse it is also important a little.

I agree with the fact that many countries are afraid of bitcoin precisely because of decentralization and therefore do not hurry with its introduction into the economy, but they also do not hurry to ban it. Most likely, countries that can coexist with bitcoin, will rise financially.

Individually bitcoin really have contibuted so much speaking of economy.How many people become a good provider due the profits from bitcoin.

Yeah bitcoin gives a big boost to the economy. Because there are so many people that are unemployed in the past became employed because of bitcoin. Now they can now have money to spare  in their daily lives.

Bitcoin is not the first attempt at an all-digital, cryptographically based currency. Others have existed in one form or another for nearly fifty years, but have either failed to take off or dramatically crashed and burned. Bitcoin is the first cryptocurrency with the deep structure, wide adoption, and trading momentum to achieve escape velocity.

Bitcoin is a reserve, reference crypto currency. This is the entry point to cryptomir.
He has the maximum liquidity. All other crypto-currencies are now traded in bitcoins.
Any local exchange is much easier to accept at the entrance of bitcoin than Fiat. Because Fiat is regulated, it requires accounts in banks.

the reason for some countries is different, an example in india bitcoin is banned, i hear the reason the government of india is not taxed from bitcoin, then maybe for a country that the majority of Muslims consider this bitcoin is gambling, especially now many web that provide game with a bet on the coin. And the most feared bitcoin can be used as a means of transactions for terrorists, as well as money laundering.

Bitcoin will open up a new form of payment quickly and conveniently in transactions but there is also the risk for sophisticated money laundering.

I honestly say yes it is true that a country that opens the door wide for bitcoin is very advanced. A lot of income for the goverment is also obtained from bitcoin. I also do not understand why there are still many countries complicate the bitcoin circulating in the country, whereas people who know this bitcoin they are very advanced in the terms of economy.

Bitcoin will be a major economy booster in the coming days most of developing country will have jobs boost and economy boost new entrepreneurs and new jobs and new self employed lot of earning opportunity in this digital economy

maybe now the government has not thought to manage bitcoin to legalize it, and apply taxes to every bitcoin user, if that happens then bitcoin will become the state tax assets in the future.

Bitcoin offering many opportunity for us. With bitcoin and cryptocurrency, we can earn extra money and spend it. It will move real economy. Right now, with many obstacle on regulation, bitcoin can not play vital role but i am believe it will happen when government open their regulation

Bitcoin does an important role in our economy by providing a work to our fellow Filipino . Government taxes from bitcoin adds income to our local projects .Because of bitcoin role many people survives the crissis .

I think bitcoin is driving economic growth in many countries. The government of Bangladesh should revoke the Bitcoin ban and instead allow Bangladeshi people to invest in bitcoin

You're right. Bitcoin is being legalized in many countries like Japan, Korea, and China. Since bitcoin and electronic money have been created, many unemployed have the opportunity to make more money

Indeed bitcoin can affectthe economy because it is a form of investment and if it does progress, a country’s economy will benefit from  it. Also, bitcoin provides job to people so when there are jobs available, there will be more taxpayers and the economy will grow. If bitcoin will be legal especially on third world countries.

Yes I believe It does play a significant role in the economy, and specially in developing countries, bitcoin could play huge role and improve people lives, that's why I always support if bitcoin available in those countries.

yes you are right bitcoin start to play with the price conditions and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.

yes, bitcoin does have an important role in the economy of society and is very helpful for the economically weak to revive the glory that has been on the doorstep.not possible we can pass this bitcoin which the process of its use is easy and without in taxes.

I think if the government eye-opening in there and use bitcoin with positive way you might be surprised that the state-third world countries which opening gate them on bitcoin will be one of the best country we have ever seen. bitcoin open many doors new markets, which will affect the economic a country, the reason why there are several countries do not like bitcoin because cryptocurrency not controlled by anyone and because they do not get taxes.

Crypto-currencies are initially deprived of even the possibility of inflation. their number, as well as the amount of gold on Earth, is limited by the algorithm. To create new bitcoins, you need to spend time and energy - that's why they have value, like gold.

that bitcoin is able to play a key role in unstable economic systems, they say for a long time. thanks to digital technologies, the movement of currencies will be managed by the users themselves, and they will not need the services of central banks and other financial institutions. this will simplify the participation of third parties in various transactions, or rather, they simply will not. many countries hold a similar opinion and are happy to open the doors to cryptocurrencies and accept them in a wider range and nothing else than a means of payment.

Bitcoin does have a main role world economy, then bitcoin have a major role play with the price condition together maximum results to world wide economy. 

if I think really bitcoin gan Very helpful economy in a country. especially in a country where employment is narrower and more unemployment. exactly the existence of bitcoin can provide jobs for them .

That is how the government works, through taxes.
Taxpayers are the ones giving them their salaries. That is why they should really be in good service.
But do we see that good service? If not, then why pay? That is where tax evaders come in. They wont accept bitcoin because of that.
As of the image of bitcoin thru illegal things where it is used. Why not question the USD first and Gold. Those are still the much used for those kind of transactions.

bitkoyn does not play a vital role in the economy, but it can. there is a difference between these two statements! bitkoyn, can be as a tool that people use to improve their lives, and the economy,

I don't agree with you, because in today's economy cryptocurrency isn't accepted completely and if it isn't considered as a currency, i don't think it has an impact on the economy. The effect of Bitcoin can only be with the USD, can not affect itself directly.

No doubt bitcoin plays important role in economy.if government will accept bitcoin the country will definitely get progress.

Absolutely Yes, once bitcoin will be legalize it can generate more taxes that can really help the goverment to supports project that may useful to improve our economy.

yes of course bitcoin has changed a lot of people who believe in bitcoin, people who believe in bitcoin to be a wealthy person, and at least can make their family happy, and at least can achieve the goal.

I think I agree with this part if some governments agreed to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as the construction of more universities and encourage courses in informatics engineering, support industrialized agriculture projects, support ICOs that have good projects.  This could benefit countries like mine that are the third world that needs a lot of foreign investment, but the problem is that the politicians are corrupt and they only approve laws that will benefit them and only bring foreign investors that who know that they will give some money to their pocket. The problem is not with bitcoin, the problem is not in the altcoins, the problem is not in the ICOs, the problem is the people greed and the unwillingness to improve the world where we all live.

For now I do not think the role of bitcoin is yet important for the world economy, but financing in bitcoin cryptocurrency is a major factor (Vital), but I will someday be a part of the world's economic influence.

 I think that it's true because you are mine and spend in them inside your country, it is plus for economy of your country

I totally agree with t ur analysis, the invention of bitcoin brought about a lot of changes in the developed countries, presently some countries have incorporated the Blockchain technology into their economic model. This will bring alot of development and growth in their economy

 it is great idea I think when the economy of country will work with Bitcoin, people inside the country you will have to wait and spend

 government's of every country want to have some profit and no not always connected with law, it is the reason why we use Bitcoin

 it doesn't matter for economy of your country, because you don't pay any taxes for selling or buying Bitcoin into budget of your country

In my country, Bitcoin is yet to affect the economy in anyway. Gradually, thinhs might change for better. If only the government would see the vast opportunities in Bitcoin

Dude if you open your mind, you'll see that governments won't acknowledge bitcoin or any crypto if it could not offer transparency with transactions. This is of course because for the security of the citizens, anything unregulated is meant to explode in due time.

And why do you want to evade taxation? You know where your government get their funds right? So if your government stops health and other of your benefits you wouldn't mind?

It's pretty much related to economics, since almost every person who has money is playing bitcoin, all investing in it

I also believe so

I have lived in a third world country and even a simplest transaction was a pain in the a.. , if they could make btc a tool for progressing furhter and opening new gates for finance and derivatives sector than they would see a spike in economy.

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits

Bitcoin isn't the primary try at associate degree all-digital, cryptographically primarily based currency. Others have existed in one type or another for nearly fifty years, however have either did not embark or dramatically crashed and burned. Bitcoin is that the initial cryptocurrency with the deep structure, wide adoption, and commercialism momentum to attain velocity.

Digital currencies are problematic monetary advancement that can possibly upset the current monetary structure and change how banks and money related foundation work. Prior all the money related exchanges were empowered through national banks (straightforwardly or in a roundabout way).Now, with the evolution of Bitcoins, the scenario has changed. Bitcoin and Ether and all these cryptocurrencies are representing a different type of asset class; a different type of trade-able commodity. Similarly, many banks now trust bitcoin enough to use it for payments.

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits.  :)

Today, as a rule, almost every digital international transaction involves the use of one or another form of virtual currency or credit. Thus, bitcoin is designed to provide security guarantees and credit convenience, while reducing transaction processing times and commission payments.

you are right, because of many people using and supporting bitcoins and other cryptocurrencies. I am not sure if making investments in bitcoin plays a vital role in the economy but this is what is happening right now.

Bitcoin will vital role in the  success of one's economy if the government accept bitcoin and will regulate it perhaps the people will use bitcoin as means of transaction and as the country grows bitcoin will become part of it.

You are right, it would be nice if the government legalizes bitcoin and provides legal protection for bitcoin users.
But most governments only think about the profits they will receive from bitcoin not about how they will see bitcoin flourish in the global economy.

Bitcoins do really affect the growth of the economy in a country and because of that, we can say that cryptocurrency has a vital role and that is for other people to have wealth in an easier way and they can also have financial freedom by not working on the corporate world and earning a small amount of salary.

if I see a lot of people who are interested in bitcoin. even bitcoin has helped mainly the economic life of people who medium down. creating new jobs. so the number of unemployed becomes reduced .

yes, bitcoin does play an important role in the economy of the country and individuals.
in my life bitcoin has helped the financial economy.

Bitcoin really changes our world and the economy of all countries for the better,although not all countries still understand what prospects gives cryptocurrency and smart money.

looking at bitcoin market price and market capitalisation and technology-driven we can see bitcoin holding the future of banking it is surely economy booster

Right now it doesn't have any big role with the economy of a country. Possibly after years when the usage increases, it'll be contributing big. At present in most of the country the usage is low and so, it is considered among the miscellaneous part of the economy. Hope, the increasing usage and demand will lead to towards change.

If the country uses bitcoin, it is certain that the country will prosper. in view of the volume of trade alone bitcoin a lot of interest. taxes that are from trade in inputs to state revenues.

Probably, but as we can nowadays it was still limited in numbers of the total entities who accept Bitcoins and acwuired this cryptocurrency to be lined with the current market and I think if a cwrtain country still dont acwuire this cryptocurrency it will be hard for Bitcoin to create a hugr growth to economy. I think this is vital for the people who earns here but not to the economy per se.

People are wrong if they think governments cannot impose tax business entities that accepts bitcoin. Another thing some people believe is that bitcoin can play a vital role in a country's economy and that it can make third world countries into the best in the world.   

it seems that bitcoin has not been said to play in vital areas of the economy, bitcoin still can not affect the world economic conditions, but if bitcoin can beat the dollar then bitcoin will have an effect on the world economy.

yes it plays a vital role, there are a lot of people who are investing on the market more than placing their money on the banks and because of that, banks will lose a huge amount of profit.

If People in each in every country should look and welcome bitcoin as a friend not as enemy then there will be opportunity for them to explore and develop more this new kind of technology and system will help advance country's economy situation and it will play a vital role in their growth and success

I think that bitcoin will definitely bring some positive changes to our world but I doubt that it can play a vital role in a country's economy.

Although it can be used but it will be difficult to implement and do, you know that bitcoin is anonymous, how people can pay taxes correctly? if the government does not know how much assets they have, how many bitcoin addresses they have, for now little difficult to implement tax on users..

Bitcoin plays a vital role in the economy , because bitcoin could really help the needy people , the bitcoin can help the cuntries economy especially to the jobless citizens, bitcoin can offer good things to those who want to join the bitcoin organization and like to earn without investing.

Bitcoin is very influential on the economy of the community because with this bitcoin people can look for more income and with this bitcoin also people will boost their economy to a higher level because bitcoin can be made in a very profitable long-term investment.

It is a good idea, but corruption inside the country, these people usually get money from nothing, taxes and others payments

These restrictions are only for some time. All of such governments better know the reality of bitcoins. They all know how cream this bitcoin is and how greatly they can take advantage from this bitcoins for their country and citizens. The economic growth and the next economical war, all is based on bitcoin. So when they come to know about this in detail, they would be going to make a good result.

it is possible that bitcoin can be play as important role to help people on the particular countries and currently bitcoin already help people from third countries because usually the people which come from those countries does not have jobs or unemployment and they were seeking new jobs to survive their life and fortunate they were discover bitcoin

This is very normal. Traditional capitalism has already been intrinsic. The countries behind the Third World are powerless. So they rely on cryptocurrencies. This is a different place.

In my opinion bitcoin investment is business and is almost like a regular business. The only difference is centralized and decentralized. Bitcoin investors do not pay any taxes till this time and they are free to use their holding. But the good thing is these bitcoin investors are not asking government for anything and they are self-sufficient. When people have money they will use it in local markets and the money circulation will continue.

No doubt bitcoin play a vital role in the economy. Although it is decentralized and the governments has nothing to do with it but still lots of people are making money from bitcoin and therefore they can easily overcome their financial problems. By this way they are not become unemployed and are not burden on government shoulders. They are self-employed.

I think it is still under with the unemployed people though they are using bitcoin in their earnings because it is not recognize those people who work online as the survey says it is still the same with the unemployed though their earnings are really big enough. But the important is it is really helping your daily expenses in your daily life, still bitcoin really help us but now government is start studying bitcoin and try to accept it in the country and their governance.

Yes because of bitcoin and it will happen only when people stop working and rely on bitcoin only, in that way people will affect the economy because it will break down the man power. This is what i think.

Your statement is quite off the title. I don't see the relation between it. Anyways,  the opportunity that Bitcoin can give isn't exclusively for third world countries. You could be speaking that people in those countries are completely poor and they need to get into Bitcoin. Bitcoin opens opportunities exclusively for anyone. There is no definite requirement to get into it, except for the benefits it gives which is the KYC law in some country.

Yes, bitcoin plays a vital role in the economy since it is a life changer.

I totally agree, one of the reason why the government is against crypto is decentralization, there is no way for them to tax it. However, it is true that cryptocurrency can open a lot of opportunities which can even help a country's economy by offering business and job opportunities to it's people.

Bitcoin is a new currency ecomomic system. Bitcoin is not affected by the exchange rates. In developing countries, Bitcoin is very useful to maintain economic stability. Bitcoin can be main cast in economy in developing countries. It can be solution for the problem economy in develop country.

The role of Bitcoin in the economy is not so important, it is just an instrument or an economic medium, all dependent on how to use it or operate it, Bitcoin is used to improve the lives of a person so as to lift the economy in a country.

yes, I agree with you, I think the government still confuse to know who have bitcoin in their wallet. besides that, maybe the government will make some regulations and they will ask all bitcoin user to register in their regulations so the government can watch who is the owner and how much they have bitcoin so they can implement a tax for them. but this will difficult since I don't think that every bitcoin owners want to register or telling how much bitcoin they have to the government.

There is no doubt that bitcoin role will boost some sectors in the nation's economy and it would help a lot of people when a government finally legitimized bitcoin in their country. The bitcoin economy is big and many people will benefit from it if they know how to use bitcoin properly. But those countries that are planning to allow the use of bitcoin in their economy will have to deal with bitcoin's high volatility and rapid fluctuation.

Bitcoin may help a country's economy but not to the extent that it will play a leading role as a country's own currency needs to be the one that is enhanced and utilized. A country can do tax bitcoin through its exchanges.

Yes bitcoin plays a vital role in the economy, most of the people today are placing money on the banks but as soon as bitcoins become popular then most of the people prefer to invest on cryptocurrency more than placing their money on the banks and government soon to feel some the changes on their funds since they are getting it from the taxes.

This is very true because all altcoins are traded against either BTC or ETH so any change in their prices affect the price of all other coins.so btc actually has effects on the price of coins.So it affects the economy greatly.

perhaps bitcoin becomes an important role in the country's economy if the government accepts or legalizes bitcoin. if in the family, bitcoin has become a very important role in the economy, if they play a role in bitcoin.

I think Government considers very high bitcoin prices while difficulties with bitcoin taxes, so the government needs time to accept bitcoin.
Bitcoin is not a fiat currency with a legitimate status in any country, but it is often still bound by the tax liability rules regardless of the medium of money used.Government should accept bitcoin to take taxes. That's in my opinion.

For the moment, maybe it does not have a very big role, but in the near future, the economy will be in a position to give direction. It really has a lot of potentials, but most people do not realize it.

Bitcoin does always have the vital role in every countries economy because most of the people who are earning cryptocurrenncy are becoming rich by just investing a decent amount in the market and start trading, so we can say that cryptocurrency is one of the way in order to be financially stabled.

it seems that bitcoin can not be a vital influence to the existing economy because I see the world economic conditions are very large and bitcoin can not yet if to affect the world economy, maybe bitcoin should be equivalent to the new dollar circulation could affect the world economic conditions.

In Japan bitcoin drive good figure in Japanese economy and even in Russia as well so bitcoin is economy booster and Malta is most user-friendly country for blockchain asset followed by Gibrator so many country are adopting blockchain to improve their economy

in the coming future, the financial world will see the important role of bitcoin and other cryptocurrencies role in the economy and it is positive move with the help of Bitcoin we can expect more jobs and business and profits for country economy

Yes I think so. bitcoin can be used for state income in the presence of tax in each transaction using bitcoin. seen from bitcoin enthusiasts every year, bitcoin has increased daily trade volume. can imagine how much tax revenue in a year if the state implements tax rules in every bitcoin users.

Exactly, the importance of the cryptocurrency it's too high for our world, especially in this generation and the next one. Bitcoin and generally cryptocurrencies can help a lot the economy of some countries, also it help people to make an extra money, so poorer people can get at least the chance to get some bitcoin and live. I think if bitcoin will be supported for more than 80% of the countries of the world, it will be awesome, bitcoin value will be so high and we can expect from this time more job and business.

Bitcoin plays an important role in the economy that he thinks is very true, and many people have been helped in economic matters with bitcoin and in any case that is included in financial matters.
and bitcoin can make them better and their lives make better than ever.

even though bitcoin is speculative in nature still the demand for bitcoin and concept behind Bitcoin has a tremendous response all this leads to growth in economy

Crypto currency bitcoin appeared in 2008. It was considered an alternative to the existing banking system. This was the first decentralized means for making money transfers, without the control of the state or private organizations. But in the early stages of development, bitcoin was not sufficiently in demand by users. Businessmen and investors were not interested in the novelty, considering it a strange development - useless and hopeless. Those few who prophesied bitkoin great future, often ridiculed. At best, they were called dreamers and optimists.

The role of Bitcoin in the economy is not so important, it is just an instrument or an economic medium, all dependent on how to use it or operate it, Bitcoin is used to improve the lives of a person so as to lift the economy in a country.

It is men’s power which makes bitcoin alive and it rises because we uses it, if people will stop investing into it, then it will not even chance the price, but we use, we invest because we know how much profitable bitcoin is, our economical life is getting better with bitcoin investment and it helps us to have all facilities in life without any discrimination, as everyone is equally able to get benefit from bitcoin, because of which now only few percents of people are remaining poor in my country.

Cryptocurrency has become a great market!
The boom in the blockchain has made many people investing in stocks invest in cryptocurrencies. The cryptocurrency industry has become a new investment hotspot! Cryptocurrencies also provide new employment opportunities! Contribute to economic development!

For me, yes bitcoin plays a crucial role in the economy especially in the future if this cryptocurrency becomes legal and accepted by many people. We all know that many people are now using bitcoin into their transaction and daily expenses. Many users are now earning an extra income that they use to pay the bills and this bitcoin giving or help that economy even people need to convert their cryptocurrency into a real currency so that they can use it because most of the establishment don’t still accept bitcoin as payment. But if bitcoin become legal or much acceptable in the future, I’m sure that bitcoin has a massive role in the economy, especially in our transactions.  :)

I think that not yet, it's a perspective tool and it may give a big influence to the world, but currently it is on its "baby stage".

Crypto have changed the way we view economics cryptocurrency entrepreneurs have found ways to tokenize everything from time to real estate. What struck my attention most though is the tokenization of power. Commoditizing power is nothing new the idea has been around as long as electricity itself and the liquidity of this market led to great infrastructure development in the  •United States • and abroad. .

Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.

Yeah your right, BITCOIN BTC plays a vital role in the economy because of its number of users compared to other ICO's which we called it a fiat coin in cryptocurrency market. This coin will rise its value by means of number of investor that play the economy for further development and advancement of technology which serve as alternative way to upgrade the banking system with the support of cryprocurrency in the future.

I think if bitcoin wants to be something acceptable to the government and to be an important role in the economy. Certainly bitcoin will be set up so well by the government as it is taxed in every use.

Given the fixed production schedule for bitcoins, ultimately, the block production rewards will be reduced to zero, and the network will have to be provided through transactional fees. A network with "low" tariffs is a network with a small degree of security, prone to external censorship. Those who advertise low commissions of alternatives to bitcoin, unconsciously describe the weakness of these so-called altcoins.

Bitcoin have a vital role in economy because Bitcoin very helpful to unemployed and also to employed people. It is a big help to get extra income to support their family needs.But even it help many life government don't see the advantages of having Bitcoin because for them they can not get taxes in every transaction in Bitcoin.

With the growing bitcap marketcap, I'm sure that bitcoin is a better thing in improving the world economy, but unfortunately big obstacles are happening because many countries are banned bitcoin.

Actually, cryptocurrency is one of the reason why there are a lot of people who can cover up their financial problems but it has a disadvantage on the government because they will not place money on the banks and government will lose a huge amount of funds since they are getting it from the taxes.

When a government allows bitcoin to be one of their legal currency, there must be nationwide use of the cryptocurrency before it can cause an effect in the economy. It may play an important role in the country's economic progress through transaction taxes. But the monetary authorities have to find effective ways on how to deal with bitcoin's volatility and rapid fluctuation.

The government will not support bitcoin because some whales are already manipulating this technology and the government has no control on them. If only the bitcoin will spread the ownership around the world, then the whales can't control this and more people will get benefited with the profits and help the economy.

I think these same people will never pay their taxes when they do other things so the economy does not change because of them.
just because some people do not pay their taxes when trading bitcoin and cryptocurrency does not mean that bitcoin affects the economy of the whole country!

I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the  unemployed people. Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies

Bitcoin can definitely turn around the economy but just like others in order to to reach their goal it will require hard word determination and knowledge. More people are now adopting crypto  as investments but in the future when more projects succeed using blockchain technology then there will be a good outcome that users will benefit.  If some governments agree to legalize Bitcoin and many exchanges go to their country, create jobs, work as part of further university building, support industrialized agricultural projects

Bitcoin still need to be promoted around the world. When more and more people invest in bitcoin the use of bitcoin will increase the price will also increase and thus the profit of the people will also increase and on the whole the economy of a country will grow more. Bitcoin has an indirect link with better economy. With bitcoin earnings you can do anything profitable for your future.

Yes, if the state wants to examine more deeply about cryptocurrency, surely they will benefit greatly .. there is more that need to be learned by the countries, that is Blockchain technology ..

That’s right. Bitcoin probably solve many problems related to economy. We all know that it’s not only an extra job but also  an temporary job for almost all people around the world which helps us to earn an extra income and even a big benefit to pay for goods or services in life. I strongly think that bitcoin may partly solve the job for people better than government. Moreover, in crypto market, we know that we are pretty free with what we do, especially government can’t control our money. Thus bitcoin and many more cryptocurrencies deserve have support and it completely play an important role in our life.

It’s questionable... it does affect the economy but we can’t know for sure in what way. I think it’s hard to tell how big is it’s influence.

Though it won't contribute a lot into the our economy but it is a big help for everyone to have a good investment and resulting of having a better life. Possible it could be recognized by the people around once government will give full support into Bitcoin and the entire crypto community, and it could build trust from investors to put their money into Bitcoin. 

That's right, Bitcoin aren't fully established nor it is accepted the people, it looks like there is a large numbers of people opposing bitcoin as they think that it could ruin our economic system which is not. Anyway, we can't blame them to think like that and force them to believe crypto, the only thing we can do is to continue spreading of bitcoin information's and it's usefulness in the future.

Bitcoin is a major crypto currency which is an electronic asset  and can operate world wide for the benefit of the global community..The bitcoin originators intention was to provide a strong currency which can be operational world wide for spending   their daily requirements of the humanity.Bitcoins features are ensuring its credibility for accepting bitcoin as a major investment tool,day trading,Daily shopping and even for the payment of the domestic service bills etc.Due to the above reasons bitcoins are attracted by the global community and hence it plays a vital role in the economy. of a country.

It is always like that for bitcoin offers another chance to make the country economy better. It is just about accepting the fact that crypto are on the dealing of risk. Although risky the country should try if they want to take risk in order to have wider opportunity for economic growth.

Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks which act like ledgers and once a block is filled a new block is created. All blocks are connected to each other using hashtags and a linear chronological sequence of these blocks forms a blockchain. Thus, every transaction is digitally recorded to keep security at a top notch level. Though the transactions are recorded, the information of the parties participating in the exchange is not revealed. The money can only be tracked when it is converted into cash. This public way of managing transactions has created the possibility of a huge revolution in the banking sector across the world.

Yes, you are right
According to government law in their country. they do not legalize crypto currency. because they have made laws according to the currency they design as a means of payment. I think this is just their common sense for their own interests in their government. because there are also some countries that legalize crypto as a means of payment. like in thailand. I am very supportive if all countries receive input from the people as we talked about today.

Bitcoin should be utilized the way it is written in its whitepaper. It doesn't make any sense if it will be open to the people without letting them know what it really is all about. They will just buy it and curse it once they crashed.

I also believe that cryptocurrency can change the financial situation of people! But it is not beneficial to the government, which is accustomed to put the country's money only in their pockets... They're trying to depreciate it, but I believe it won't work. Bitcoin will change our lives or probably already does!

I can't agree that Bitcoin has a vital role in economy. In.fact in most countries it doesn't have any kind of role at all. The reason for that is lack of regulation. To have some impact on economy in particular country Bitcoin should be formaly introduced through legislation and be fully accepted by businesses. I don't see that this is the case anywhere.
At the moment it's only part of unofficial, hidden economy and effects on society and individuals, or even some parts of economis system are not recorded anywhere.

Bitcoin plays an important role in economy. It creates many advantages and facilities. We know that Bitcoin is controled by no one. If government takes and thinks in positive way, it will be the Number one position very soon. Bitcoin is the most super-crypto-currency in the universe because of it has fast transactions, creating job sectors, plays vital role in economy, most secure, privacy etc.

         I agree that Bitcoin plays a vital role in an economy  in some countries government tries to ban crypto market because they do not understand what is Bitcoin and they doubt because this Bitcoin is a digital decentralized one and no other third party interfere in the transactions of Bitcoin . In developed economy the government agree with the transaction of Bitcoin they open the gates towards crypto world and that country will become one of the most developed country in the world.

Yes, one of the main reasons of negativism towards bitcoin in my country is, that politics would not be able to steal anymore, if bitcoin will take a handle.

Nowadays bitcoin is rather a speculative asset than a way to improve the economy.
Once it stabilizes and is widely used as a method of payment it could then bring positive effects on the economies.
Still, I don't think that third-world countries will be the locomotive of this process, as there are too many problems to be solved in the first place apart from the use of cryptocurrencies.

Yes of course Bitcoin play a vital role in the economic. Sometime Bitcoin affects an country economy growth in a positive way and sometime it affects an country economy growth in a negative way. In country like japan Bitcoin work with their government to improve their country economy. Bitcoin support the cashless society agend which ultimately help to built a strong economic infrastructure. Some bitcoin shows its  negative affect on the economic growth of a country due to this reason it is ban in some country. Bitcoin is directly affect an country economy by affecting the their country own currency value.

Bitcoin can help to improve the economy, because bitcoin can provide a nice advantage and is very helpful in realizing a better economy.

Within a year at the latest, bitcoin will have a very big prefix for the whole world. People see it as a trick right now, but they will regret it very soon that they do not know the value.

It is very optimistic, but we have to wait... I hope you are right about your predictions.

Cryptocurrency has become a great market. The boom in the blockchain has made many people investing in stocks invest in cryptocurrencies. The cryptocurrency industry has become a new investment hotspot

with growing popularity of bitcoin  with more number of merchant acceptance and people holding bitcoin all these factors bitcoin is major economy booster

We do not know about the role or the effects of bitcoin for us, but we will see that thanks to the digital currency, this part of the problem of economic crisis in 2008 is small but it is play its role

I do not yet see such a significant potential in the crypto currency to play a vital role in the economy of any country. Crypto currency can play a significant positive role for citizens, but not for the economy of the state. In addition, the crypto currency is even capable of causing significant harm to the economies of those countries where the market model is not fully used, and a significant part of the economy is based on manual regulation. From these countries, money flows can flow to other countries in large numbers, since in this case the state will not be able to control and stop such a leakage of money abroad.

Where can I meet the principal. Development of currencies and other people so bitcoin is also one of the word  for a every economy with increase the possibility of powerful nation so I think bitcoin will definitely need to approved by the government.

Bitcoin is one of the world economy's best asset because through it, we would be able to gain profit that would be useful for us to impart something for the economy. I believe that through bitcoin , we could help the economic growth of the world.

I have not read the article yet, but praise as well as the economic contribution to the bitcoin, but I also understand that bitcoin also contributes important but not great, but they still stimulate economic development

It will be good for those who will see the benefits and benefits of cryptocurrencies for their country and people. Those who go against these new technologies will suffer and be forgotten! Importantly, cryptocurrency and bitcoin in particular have kept the resistance and reached the mass market and dripped into pockets life people!

Indeed with the presence of bitcoin lately that often increased can provide a great opportunity for someone to try to make a profit by investing so that their economy can be guaranteed and can reduce the unemployment.

The region with the greatest potential for bitcoins in the world is probably international money transfers, that is, money sent home by workers who earn abroad. Now, these payments are processed by several intermediaries, including banks with their services, and currency exchanges.

imagine if bitcoin could be the main digital currency would be expensive. And you are right bitcoin start playing with the price conditions and give effect to the condition of world economy

Bitcoin may really play a vital role in a nation's economy if it is legalized and become one of the legal tenders. When bitcoin become widely use in a country, there will be increase of economic activity and the benefits of using bitcoin will still depend on its price fluctuations. Bitcoin is known to be a volatile currency and any significan increase or decrease of its price can affect the growth of a nation's economy.

bitcoin can play a vital role in the economy but it will not happen in the short time because the government still not accepting bitcoin and I think they still learn about bitcoin. they will use bitcoin if they can get some benefits from bitcoin especially if they can use bitcoin to increase the economy of the country. maybe the people will get the benefits of bitcoin first and then the government will take a part in bitcoin world so they can also take the benefit.

I agree that the correct use of bitcoin and its blockchain technology can bring a lot of benefits in the country and many areas of activity, but at the moment it seems to me that you exaggerate that bitcoin plays a vital role in the economy.

I do believe that bitcoin or cryptocurrency can be vital role in our economy. With bitcoin, inflation can be handle and goods price will more stable. Beside that, peoples can trade anything with others people in the world with lower fee using bitcoin

That is very true. bitcoin is very influential and important for a country's economy. turnover and financial transactions occur when a person has bitcoin or uses bitcoin for all kinds of activities. so that there will be economic transactions that can benefit all parties.

Bitcoin has a very great positive impact on the economy of each country that accepts the use of Bitcoin. Bitcoin comes as a package which offers job opportunities like Blockchain technoogy analyst, developer, bounty hunter etc. Also, Bitcoin gives its users the ability to own total control over their financial transactions due to its decentralized nature. In the long run, the economy is enhanced as the people enjoy all these benefits from Bitcoin!

Yes bitcoin is playing a key role in the economy and for me bitcoin is the ladder where i can travel to the sky i think bitcoin will grow in the near future and now a days bitcoin selling at this low rate is not a good way to behave for bitcoin we should wait.

In this day, yes indeed bitcoin plays a vital role in the economy. This is very relevant especially to those countries who fully embrace the world of bitcoin. If almost all the people of those country depends their income to bitcoin surely bitcoin will be a part of the economy. Just imagine that if those people who are depending on bitcoin will not have a income, surely the industries around those people will be affected that will lead to economy crisis. This step up is also one of the reasons why some countries totally embrace bitcoin for them to the economy and their people to have a good end results.

You're right bitcoins is not controlled by anyone. But ever think what if criminals start using it worldwide. Maybe you're right but not only tax there's some more reason why the government is hating it they're afraid because bitcoin can destroy the economy if bitcoin has some advantages then it has some disadvantage too. If Criminals can use it because they're aware bitcoin can never be traced.
So lets be real here

I think a country's economy can be improved with bitcoin with government records being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in trades or investments or transactions. It will be income for the country.

Of course bitcoin has brought big change in economy. Lot of people are making money from bitcoin and when they have more money they will spend more and the circulation will be high and the profit of almost everyone will increase and finally the whole economy will go up. It’s all because of bitcoin investment and profit against investment.

It is true that the bitcoin is now playing a vital role in our economy. There are now many businesses and stores in my country that are now accepting bitcoin as payment. Bitcoin helps the transaction to become faster and better.

Indeed with the presence of bitcoin one can use it to invest and earn income from there the economy becomes helpful and makes one more comfortable playing when the government officially inaugurates bitcoin.

A country's economy could be increased by bitcoin with the government's record of being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in either trade or investment or a transaction. The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.

It covers some segments  of society  that are currently  under,-served. E.g bitcoins help in transfering funds across  international  boundaries

Bitcoin and cryptocurrency certainly play a very vital role in the economy, it helps level the playing ground and hands power over to most of the less privilege people who suffer for lack of basic amenities and well structured and standard economy.

Many people says that bitcoin can affect the economy of the country I think its no, it is only rolling override the economic society it is built for the purpose to he people become convenient when it comes to make transaction. but if ever the  government willing to embraced bitcoin it is very good for us because even if we are still in the house we do everything what we want do in any kinds of transaction at least this is allowed  by government.

Seeing what bitcoin has brought to the economy enough to answer that question, as the economy enters the stage of recession, the bitcoin has succeeded in raising capital as well as making the market currencies become more attractive

Yeah, indeed. Those people who didn’t like bitcoin des not open there eyes to  see what the real essence of bitcoin in this world. Eventhough we did not pau taxes still it can contribute to the economy because we used it to buy things that we need and those things have a taxes.

Well, since the price of bitcoin is not stability, accepting bitcoin as payment is very risky, It can see as a long-term investment for the seller than a payment method. The fee for transferring bitcoin is a problem too, bitcoin is a crypto-world symbol, but for payment, there're many altcoins can do better work than bitcoin, like DGB, LTC,...

In Japan bitcoin drive good figure in Japanese economy and even in Russia as well so bitcoin is economy booster and Malta is most user-friendly country for blockchain asset followed by Gibrator so many country are adopting blockchain to improve their economy

Bitcoin can play an important role in wiping out a nation's debt if the nation promote or endorse Bitcoin. These debts include circular and foreign. Blockchain technology can help create a system which can make a country independent.

I am of the strong believe and opinion that if bitcoin can affect individual lives of citizens of a country positively, then it will have a positive resultant effect on the economy of that country. It is not until tax is being paid before a cintry's economy is being influenced! A country that is now somewhat helpless in empowering the youths of her country is a dieing economy. But with the help of the cryptocurrency markets, individuals are now being empowered to make a living for themselves and thereby improving the economy of their respective countries too.

yes of course I agree with this part. Bitcoin is very important in the field of economy although still helping the economy of people in this world. So Bitcoin plays an important role in the economy. It will become stronger every day.

 I support the opinion that bitcoin can be very useful and positive affecting the economy of the country but you need to have fresh people in order to take care of it. Otherwise they would just ban it :)

yes really Bitcoin really has a big impact and plays an important role in the economy of every country. Starting from investors who invest or withdraw their money. Then there will be an increase and decrease in bitcoin prices. We'll see the future that will come.

What I see is that bitcoin is like the evolution of internet and digital currency. It was created to answer the need of our current digital world. Our economy is running on a very fast rate and we need something to handle this kind of change. And I believe that is through bitcoin or cryptocurrency.

I think that at the end we all need to come up with a united decision, because how would you imagine the world in which some countries are allowing bitcoin and some countries are banning it.

Yeah , this is reality that the country will allow to use cryptourrency then surely they will get better success to increase the economy of the country .
Here I would like to target all the people instead to take exmaple of few people , many governments says that Cryptourrency are much risky and harmful Investment stretagy but if we will see it from another side where people are using it blindly , if they are facing loss then why they will use bitcoin or another cryptourrency , surely they are making earnings that why they are using it .
And also as everyone is making earnings then surely they are paying tax for the development of the country and that Results into increase in the economy of the country .
So here we can say bitcoin not only playing vital role in the economy growth but also it allows for the multiple ways to make earnings in different different business to run over the worldwide level .

Yes. The decentralised nature of the coin allows the coin to be highly flexible and not bound to any rules and regulations by the government. This removes the chances of corruption as they make a direct contact between the economy and the public without any intermediaries. The coin is now heading towards being a mainstream currency.
Also, it brings the revolutionary idea of a digital, cashless society and hence opens new areas in the financial system. This can make the economy more strong and stable.

Yes , bitcoin paying and important role in the economical growth of the country , because bitcoin is proving lots of opportunities to make Investment as well as lots of ways to start business and not only start buisiness but also help to spread the business at worldwide level and that definitely Result into bulk amount of profit for a buisiness , and thus in this way those bulk earners can pay tax in much amount and that will result into growth in the economy of the country .
And in the similar way we can see that people are making themself more stronger by earnings , they are doing part time job in cryptourrency field and also with that doing job and increasing income .
So here clearly use of the cryptocurrency increasing the economy of the country by connecting the whole world with its universal payment system .

in fact if everyone around the world opens his mind to bitcoin and all make investments or trading, surely the economy will be better.

Of course it does play a vital role in the growth of the economy. Though it is banned in my country, my country is only growing at the 3% rate. Had it been legalized and recognized by the government, it would have been contributing quite well to the economy.

Also look at the market cap Bitcoin has grown so far. Huge money investment. The technology has played a good role in the European countries in bringing easiness and prosperity.

Well, I don’t think countries with bad economy will accept Bitcoin because they believe it might end up making things worst for them. Bitcoin is good but it won’t be favoring every country, although I support the fact that Bitcoin opens many doors.

I know that it doesn’t work for everyone, but it worked for me. The good life I’m living now is because of Bitcoin. The new job I got now is because of Bitcoin and I’m also earning far much better than what I was earning from my other job. This time around I live a good life.

Yes bitcoin is helping to liberate poverty among the youth of developing nations, this also will help to ease pressure on unemployment which usually lead to crime and social vices. But if these people fail to pay their taxes, it won't have a negative impact on the economy, just that the government love money but it is good to pay tax. I wish to buying my tax when I start making good fund that is taxable and not a stipend.

Yes it is but you need to be smart enough and ready to change, in order to accept the Bitcoin in your country. Many countries are just injecting it as something unknown and fear it.

Bitcoin a universal currency may have impeccable logic to digital-age utopians, in practice it makes little sense. And the design of Bitcoin also makes it difficult to imagine. Since the supply of bitcoins is limited, if the demand for them rises, their value rises, too. But that means that if you own bitcoins, and you think they’re going to become more popular, then the sensible thing to do is hold them, since they’ll be more valuable tomorrow. That makes people less interested in using bitcoins to actually buy stuff and more interested in treating them as speculative investments—the opposite of what you want in a medium of exchange.

Maybe because other countries are just really afraid of the possibility of bitcoin replacing fiat currencies in their countries or just don't really trusting bitcoin to become one of their currency.

I agree with you. And I think it is more personal question to anyone. Studying and using knowledge in earning money with bitcoin and other coins how are important nowadays. But bitcoin has no connection with a real economical situation in the world.

In countries who make bitcoin legal they play a viral role because that country earn taxex money, from cryptocurrencies exchanger, and they also got taxes from payment transactions, that  taxes help a lot for the countries economy.

I agree. I wouldn't want to talk about something big like the economy, so I will use other examples.
With bitcoin I can start investing with very small amounts of money and have my money grows.
And I especially enjoy the capability of sending money throughout the world at a very fast speed. For example, I wouldn't hesitate to buy a software from a guy in India.

actually not just bitcoin, but all cryptocurrency including ico project. they all build the world economy better. imagine when profits are obtained
by every investor and user of crypto that will help them financially. that's what makes bitcoin play a vital role in the economy

We all want to keep the crypt on the market and the price for coins grows, but it depends not only on us.  Countries understand the advantages of bitcoins, but they also understand that this will lead to independence from the state.

This is a new breath for the country's economy.  Just think how much money a country can earn for its country if it starts investing in bitcoin itself.

The main thing is that all countries finally take bitcoin, and then let them understand where to put them.

it is true for bitcoin holders or other bitcoin crypto plays an important role in the economy. It will become stronger every day and bitcoin is very important in the economic field and still help the economy of people in this world

Many bitcoin and blockchain related jobs are created on daily basis, there are growing numbers of Cryptos traders, miners, programmers etc  thus improving the economy of the countries involved revenues are generated in form taxes levied on those involved and many jobs opportunities is being created for the unemployed.

And Japan has done it I am very hopeful Japan will find a remarkable success from its legalized bitcoin, it's meant to be an example for other countries so that they are not Misguided in judging cryptocurrency, especially bitcoin.

Bitcoin plays a very important role in the economy since nowadays it becomes the changing of finance. It makes every transactions secured and convenient. And because the transactions are assured, transactions has become fairly inexpensive.

Yes. It is very true. We all know that bitcoin helps people a lot when it comes to financial problems. We also know that many bitcoin users or other cryptocurrencies make them rich. Others are super rich. And that is why cryptocurrencies like bitcoin helps the economy or it plays a vital role in the economy because it makes people rich and it helps for the growth and for the advancement of economy. If all people will use cryptocurrencies like bitcoin. Then it will surely help them.

Bitcoin is a multifunctional currency and can influence all spheres of society if all countries accept it.

Any currency will play a big role in the economy.  Bitcoin has an advantage, it is slightly regulated and works, so it can change the economy.

Bitcoin is the first crypto currency started in the year 2009 with a strong net work systems .It can be operated world wide electronically The bitcoins originators intention is to provide a strong currency to the global community for their daily spending. Its characteristics are much usable to the investors world wide .Bitcoin has the vital role to stabilize the economy world wide such as Japan ,Greece,Venezuela and Brazil. During their economic down turn bitcoin could help the above countries to stabilize their economy since it will not effect the inflation.

Indeed Bitcoin and Cryptocurrency really has a big impact in our economy right now and also in the future. It also opens many opportunities for the community like it offers job for those individuals who has no decent job and are interested in working in a cryptocurrency-related work or project. The future is really exciting for Cryptocurrency especially Bitcoin.

Yes, of course there are many bitcoin users or many people in the world use bitcoin. Because with bitcoin their economy is getting better.

This is the case but you know what, this bitcoin has got much interacting and value and importance in coming few years. There would be a solid criteria for making super power in this world and that would be bitcoin. How bigger this country has got involvement in bitcoins. So don’t waste time and make sure you are taking good care of bitcoin in this time and it will be paid back.

The life wire of every economy is fund (money) and bitcoin is an alternate way of injecting more fund into the economy of a country, with this we can conclude that the role of bitcoin to every existing economy is indeed indispensable.

Bitcoin can really be beneficial to the countries who adopt it early and really use it as a currency in their economy.

Bitcoin is indeed one of the best seen which this world has seen after ages and that there is no match to it in any way. Bitcoin will surely revolutionize this world and that it will make this place far better place to live as we can already see the effect of bitcoin in improving the economy of the country as well as helping the investors in making more money which they are using to meet up their needs.

Probably, we will see it very soon. Today, Bitcoin really has all the chances to become the coolest alternative currency. It is quite fast, safe and convenient. That is why you can use it almost everywhere.

Everything will change, from economy to culture to people, changing more or less depending on the influence and value of Bitcoin.

every currency has an important role in the economy. Likewise with bitcoin, bitcoin also has an important role in the economy, seeing the functions of bitcoin that can make money and profitable for many people as well as investors make them more prosperous and their economy improves. So do not rule out bitcoin can be important in the economy.

Bitcoin is the most valuable currency in the world of virtual currency. Bitcoin can have a strong influence on the world economy. Many countries are paying special attention to this currency. Countries such as Russia, China and Japan are trying to control bitcoin and make bitcoin the appropriate route.

i really don't know if it will affect the whole economy. But i think, if the bitcoin becomes the currency, it might affect because it doesn't have any taxes at all. On the other hand, maybe it may become positive but no distinct reason why.

Only in some countries that accept the MOF, but not the main economy, they are only contributing to the development of the economy, facilitating mobility, low cost and transferability anytime.

If the Crypto-currency is taxed, then the states will be in big profits, which by itself should open its eyes!

Yes, this is very true. Bitcoin helps to speed up transactions and avoid the unnecessary delays which could have slowed down transactions and economic activities.

Bitcoin is something which is quite new to this world and that it can have much more market value and the demand rate than its current demand rate in the international market after some years because of the fact that so far, not so many people knows about this concept of bitcoin. Bitcoin is helping the economy in so many ways by helping a huge number of population in making of some good earning.

I also believe in that way.

Various of opportunity when a particular institition or people enter to the Bitcoin procedures. It allows every person in different countries to have an easy systems of transaction.

The countries who can regulate it in the way where everyone will agree, will have a positive result in terms of economic growth.

Well there could be indirectly form of effect that bitcoin plays like if you see how the marketcap volume for bitcoin in corresponding fiat value in dollars. It will took billions of dollars coming from around the world. So this money would be taken from the countries economy for bitcoin to add up its market cap volume. If not for bitcoin then these money would circulate in the countries economy and not in bitcoin.

That is actually true. Crypto currency actually gives a regular joe a chance to make something for themselves. It also gives us a crash course on investing in the stock msrket and could actually better ourselves by being financially savvy. Most of all, crypto currency gices us a chance to amass wealth by trading.

Bitcoin may not have taxes and it is decentralized but those features doesn't put an end to its purpose to the economy. Bitcoin opens ways for people to earn a living, may it be part time or full time from anywhere around the world, at anytime. I believe that having a means of earning is something BIg for people and their families, this contribution from the smallest unit of society is a big step, once a lot of people from each family provides a living through Bitcoin then we can say that it is big enough to have a positive effect on the economy of any nation.

I guess it is true to a point. Crypto currency was created to become an alternative means of exchanging goods and services around the globe. It was also a decentralized form of currency that could be traded around the globe on am instant. Like currency, it can also be stock option. This stock option is very lucrative to investors both rich and regular giving both a chance to gain an income outside their normal means.

I agree with you, if the government and people will take bitcoin on account they will definitely have some benefits from using it, the problem is that many of people are just afraid of Bitcoin.

Bitcoin is really good. With Bitcoin I was able to connect with people of all kinds and was also able to find a good job (an online job) after some time of looking for a job.

I’m living a good life now, and I also hope to even achieve more from here. Bitcoin is the only investment I ever trusted cause it looked legit and not like other investments and it really paid off, apart from my job I have been able to make some profit by just investing.

Undoubtedly, bitcoin with its blockchain technology can contribute to the development of the economy in the country, of course, if properly used, but at the moment I can not agree that bitcoin plays a vital role for the economy.

I agree with your opinion. If bitcoin is legalized, bitcoin will help the country to thrive like America, Japan, the Netherlands, etc. If that happens, people will believe in bitcoin. The number of people investing in bitcoin will increase dramatically.

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Bitcoin triggering new bussiness in the world using blockchain technology. Many bussiness industry start to implementing blockchain on their platform. Bitcoin can play vital role in economic because with bitcoin, many bussiness can save more cost and make their bussiness more eficient by using bitcoin for their transaction

One thing that is very clear to me and may be consider as direct impact of bitcoin on economy. I think that bitcoin is increasing the economic condition of the people, which will no doubt also put some good effect on the economic condition of a country.

In my opinion, it is true that bitcoin has an important role in the economy, because many open doors in new markets. Although there are several countries that prohibit using bitcoin, there are still many people who use it. Maybe if the government starts to legalize bitcoin in their country it might be more helpful to the economy of the people and will increase the development of bitcoin so that the country's economy will be even better.

This is absolutely right. Bitcoin becomes a mass that helps people to make extraordinary mass of profit. This let people make their lives healthy and wealthy. People are enjoying best of their life aspects through bitcoin because they trade with it or invest and some are moving with campaigns. Along with their salaried jobs, they still are earning extra money in part time.

Developing countries are now tending to develop economies of scale by advances in technical achievement, especially in electronics. And the introduction of cryptocurrency has marked a new development. Since its inception in 2009 Bitcoin has been a headache for financiers, economists for scarcity or high profitability.

It is very difficult for the government to do that. But if the BTC is truly legalized and applied to the market, then the country will surely thrive under Bitcoin.

Bitcoin is estimated to play an important digital financial role, because more and more countries can accept it as a payment instrument. If there are countries that have not been able to accept bitcoin as a payment instrument, because bitcoin cannot be controlled by anyone, there are no regulations regarding the regulations governing taxes. So the government needs to make regulations in advance so that bitcoin can be legal and beneficial to society. bitcoin is digital finance so it can move anywhere.

Well your sentiments are good and same as my vision about cryptocurrency because only the security and the policy of other countries thats whu they are doing this to this community but ifhey will only open their eyes on what is the benefits crypto can give.maybe they will accept bitcoin and crypto open arms

It was really true at the time before that, bitcoin was making huge breakthroughs. But at the moment it is pausing to wait for market action. And what investors need to do is build the best communities to protect electronic money. Thoroughly civilized, only so bitcoin can sustain its role in the economy.

Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.

This will simplify the participation of third parties in various transactions, or rather, they simply will not. Many countries hold a similar opinion and are happy to open the doors to cryptocurrencies and accept them in a wider range and nothing else than a means of payment.

It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.

Bitcoin definitely plays a vital role in the country economy due to the limited supply of bitcoin and high demand in price bitcoin holders will be benefited in the near future and directly improves country economy

You're right somewhat. I believe that in the end all countries will open up to crypto. BTC has huge influence and it can't be ignored.

absolutely right because all this time with the existence of bitcoin people who have problems with the economy it has now started to be good and completely fulfilled with the existence of bitcoin. so bitcoin has an effect on smoothing the economy

If the economy needs innovation concerning investment and volatility and risk, Bitcoin is an option. The business sector is becoming increasingly dangerous when the volatility is too low, and Bitcoin is too volatile to create attractive for investors.

Bitcoin  is a good opportunities for everyone and also in the economy. If everybody knows bitcoin and they adopt it maybe it can help the economy to lessen the problem of  jobless people. It may give extra income to those who are in needs. Bitcoin is risky but it will be the way to earn you a good profit annd save for your future.

many countries are currently studying this technology, but I am surprised that a few countries accept it and develop it in their own country

If government allowing bitcoin for payment, i am believe tourism in that country will be increasing because peoples from others country who have bitcoin will come and spend their bitcoin. It will make economy run

There is truth to what you're saying and I'm sure that that information is true to a point. But i think crypto currency makes a new market that we didn't think would be possible and that is internet services. Most of the crypto currency have rooted their blockchains to internet services but I'm pretty sure we will see it cross over to real goods and services.

The important role of bitcoin is to increase efficiency in financial transactions, because the system used is blockchain to reduce the problems that have occurred. Then eliminate opportunities for corruption because the way it works is decentralized, data is spread across multiple servers. Bitcoin also triggers the growth of internet users, because without internet bitcoin transactions will not be able to.

tax is about the regulations of each country, if the state is smart then they still allow crypto to enter and let it grow first, when they are already developing and good there will need to be a tax policy that can be made when there is a withdrawal and deposit transaction. I am sure that if the tax amount is appropriate then the crypto investor will accept, this will increase the amount of tax on the country

I am agree with your opinion. We can transfer our asset using bitcoin and its really fast with lower fee. It will our economic more eficients and i am believe in the future, bitcoin will playing important role in our economy system

The good use of BTC is for international payments and international remittances!
Another use is that criminals use BTC for money laundering!
BTC affects the bank economically!

Ofcourse a concept that pays the bills of millions of people scattered accross the continent plays a vital role to the development of every country that practise it

Nothing changes, Fiat was also being used by criminals and what is good in BTC is that it has much more uses compared to the traditional way of paying goods and services. At least, this technology helps the economy to be more convenient and saves a lot of time when doing the transaction.

Yeah I agree with this because through bitcoin many people are earning money and create ease for the government. For instance I am jobless but I do not demand job from my government. I can earn from bitcoin and when I withdraw my money, it comes to my county and I can fulfill my needs with that money. Money circulation doesn’t stop due to my unemployment.

right. It plays a very important role in the economy now. It is now one of the big markets and if it collapses, the whole world will be stunned and the economic downturn will happen. So we should not be too worried about the existence of Bitcoin. Trust it if you are a risk taker.

many countries are afraid of being allowed to crypto can disrupt the country's economy. even though now there has been a large market, isn't the existence of crypto opened up opportunities for many people to have the opportunity to take advantage.

Yes, as far as I know, bitcoin has contributed a lot to the economy. It makes trading easier and more convenient with higher rates and cheaper costs. In particular, many people are more valuable when investing in bitcoin

You are being too optimistic, bitcoin can help the economy but governments are never going to allow it to become that big, I am sure they are already thinking about making it illegal but they are unable to find a justification to do it but when they do and they will I am sure that we are going to see most countries around the world banning cryptocurrencies.

Bitcoin is way smaller than people believe.
In economical terms it still has to do some work to pass Paypal which in turn need to do some work to pass Visa.

https://altcointoday.com/bitcoin-ethereum-vs-visa-paypal-transactions-per-second/

Bitcoin is nice but comes off age, 20 Years + and is has not enhanced the word but contributed to global warming.
We urgently need to change our lifestyles (https://lifes-2-good.com) so that future generation can further enjoy earth.
about 3/4 of earths resources have been wasted, we need to stop our meat consume, beef to be exact. 
You can do it you really really want it. lifes-2-good.com is about live's changes and how to implement those.

Bitcoin can helps many of our countries, as well as bitcoins so most of us earn money from it. Bitcoin is also the reason why many people are using it because of its good uses and it easy to use. I bitcoin users because i want this in trading , remmitances and buying some important things online and thats why bitcoin can help us not only the economy but us.

Bitcoin can help other countries to make a profit, if we are smart to process bitcoin we can even get big profits so that our economy will be much better. Bitcin can also make payments easier so payments are faster and safer while we can protect the privacy of our wallets.

The role of Bitcoin in the economy cannot be underrated. Countries that accepted and integrated Bitcoin into their payment methods are now seeing incredible boost in the growth of their economy. Bitcoin generates job opportunities in a country because it calls for the establishment of mining industries and settlement of many crypto projects.

You right. seeing the benefits generated from using bitcoin we know that bitcoin provides many benefits for us. not only in finance
and economics but also in the ease of financial transactions. so why do people still doubt the importance of bitcoin for life?

for countries that have allowed bitcoin earlier, of course they have a prosperous society at this time, considering price from beginning to present has increased a lot. although this year BTC has decreased

maybe it will happen we cannot know the future development to influence the economy in my country, it is not possible to happen because until now the government still has not fully inaugurated cryptocurrency as the prevailing currency so is it possible to be an important role in the economic system in my country

Due to bitcoin earnings people transfer their money to their local banks and when commercial banks of a country have big money, they will do better performance for their economy. It is all because of cryptocurrency earnings. I can say that bitcoin can change a person’s life with huge profits and gradually the economy of a country will grow more when people have more money for expenditures.

Well, of course there are many people who have benefited or they are working on the basics of cryptocurrency or making projeck because now it has become a business and everyone is enjoying it and getting the benefits

It's true that bitcoin has an important role in the economy, because bitcoin can benefit its users. Currently bitcoin can be used as a business so that many people already feel the benefits. Bitcoin can change a person's life for the better if the user is good at processing bitcoin.

I think now Bitcoin has not played an important role for the world economy, but it is very helpful with individuals, because the government has not approved the rules so inhibit the goal in the creator of Bitcoin.

of course a country like Japan where it has legalized bitcoin, its people are more prosperous now. because there is a significant increase in prices from the beginning, it is very significant, but if it affects global economy, i don't think it's time

Crypto like bitcoin and other coins are playing a role in the economy in a sense that people lives become better with this and it has not a physical status so we can not say that it can adding something to the GDP of the country but still it is making things easier and the trade through bitcoin can not shown in the economy like the imports and exports of goods and services are not possible to show actual value to the economy.

it is true and for example it is like Japan whose country has been able to be more advanced with its government willing to accept bitcoin and other digital currencies, because bitcoin is very beneficial for everyone who already knows how to use it

While Bitcoin plays no significant role in the economy. After all, the entire capitalization of the crypto market is less than the capitalization of large corporations.

I am not afraid of the risk because I know risk is part of life, I will have to face it, so in case of investing money in bitcoin I am sure about the profit, it is making the economy well and good because many people has become employed because of bitcoin and many are saving their money from getting lose, so our economical start is getting towards height in world economical graph because of bitcoin.

I am sure that BTC is always a valuable money in the market of all time. Due to the development trend and its benefits, many investors have invested and believed to make a profit. I believe with the ability and development of BTC, it will play an important role in all future transactions.

Agree after spending some years with crypto we should have that patience to have risk and invest, price is getting bigger day by day and I am sure this year we will see biggest price of bitcoin because I am sure our economical life is still dependent on the power and strength of bitcoin, as it has reduced the unemployance in my country and I have seen many people has become really rich with the help of bitcoin acceptance and investment.

Bitcoin is still having little impact on the economy, but in the future Bitcoin will be very important and there will be more people buying Bitcoin. Bitcoin now accounts for a small percentage of the global economy.

In fact, the influence of Bitcoin in the global economy is very small, which is a fact. The cryptocurrency is growing but there is no guarantee that the future will not be annexed by the government with coins such as XRP. They are centralized but you don't know.

There is an impact on government from economical point of view. Bitcoin has been making good progress and things are getting fine for this. We are always kept in this confusion while there reality is totally different. Those countries who are using bitcoin for their economical purposes, we can see the sparkling change and improvement in their economics health.

I believe that its influence is indirect, because the creation of bitcoin has prompted an attempt to create alternatives, which if not found, will lead to the use of cryptocurrencies

I think Bitcoin help us and many people to get earn and to change their life too. Also Bitcoin help the economy of a country interms of help of their people lives to be a better when they start to used it. Also Bitcoin help someone to get earn even it doesn't have a job, so I think once the country accept Bitcoin surely the outcome will be great especially in their economy.

absolutely right we should see bitcoin not from the negative side, because the positive side that bitcoin has is very much we can see the ease of transactions offered by bitcoin very much and which definitely eliminates third parties in transactions, making it easier for business actors moving between countries which is usually always convoluted so ordinary it is easier, and there are still very many interesting features offered by the bitcoin currency.

Countries like South Korea, Japan, Zimbabwe etc will attest to the fact that Bitcoin has incredibly add up to the betterment of their economy. It creates job opportunities and financial freedom for the people to make payment both online and offline in a very simple form.

for now it is possible with bitcoin to create jobs, where we can join bounty program. but it also can't be relied upon to be a guarantee, we know a lot of ico that isn't good this year.

maybe it could happen that bitcoin has become an important role of the economy in a country, but at this time in my country it might not be said because the government has not formalized the crypto currency as a valid currency so that it cannot be an important role in the economy

If there are many people in a country who will engage in bitcoin, there will be a huge effect in the economy of that country because bitcoin and other cryptocurrency may open new businesses and project development which means more jobs to offer.

I think that for most countries, bitcoin is not nearly as important, its popularity is still too low and the government still considers it a dangerous product, it does not make too much sense for the economy, even for individuals, investors here, bitcoin also does not play a significant role in their economy. Because most people here have a stable job in life, bitcoin with them is just a development direction and a kind of their investment, they do not rate it too high in their economy

Bitcoin seems a lot bigger than it is because people like us are fully committed to bitcoin and we are thinking about subjects related to cryptocurrencies all the time and since we interact in the Internet with people with similar views then bitcoin may seem as if it is everywhere, but when I take the time to look around me and I ask my friends about bitcoin they know nothing about it.

Yeah! I believe in you. Bitcoin is a precious coin. It helps humanity to have job without working at their office. In fact, it helps me a lot because I did not have job also. When I joined in this forum, I have nothing but right now, it seems like I can buy things which I dream before. However, I want to pursue my dreams and be determined to success in cryptocurrency.

maybe bitcoin affects the world economy not in terms of income but in terms of convenience, for example there are many business people with international level that are very facilitated with bitcoin currency and how much progress in buying and selling using conventional currency is now starting to switch to bitcoin due to convenience , maybe something like this makes bitcoin play an important role in the world, especially the world of commerce.

I am still skeptical because there are still many loopholes that cannot be regulated, the circulation of the crypto business on the internet is still not 100% monitorable and controlled, of course the government also wants a certain safe point before actually implementing it.

but if your words are proven correct and bitcoin is able to adapt well then the economic system will be more advanced and vital proportionally with the increase in human resources that begin to adapt to bitcoin well.

Do you overestimate the position of Bitcoin in the economy, and the current influence of Bitcoin in finance is still very small. It is important to know that traditional financial markets are very strong, but due to the rise of Bitcoin, the influence of Bitcoin will be very large in the future. This takes a long process.

The impact on economy is significant if a country decides to legalized bitcoin and impose taxes on every transactions. Big gains can also be made if majority of the merchants and vendors uses the digital currency in all kinds of transactions. If the price of the bitcoin is high, it would benefit the country that uses the bitcoin as one of the alternative payment system or currency.

of course influence is and would be silly to say that it is absent. just very difficult relations at cryptocurrencies with banks and the states.

very true bitcoin will become an important role in the economy if the country legalizes crypto currency as the applicable currency, and what is possible if my country can happen the government has not fully formalized the crypto currency as the applicable currency even the government prohibits transactions using currency crypto directly

which plays an important role in the economy is the trade in commodity goods, both domestic trade and inter-country trade (export-import), bitcoin or fiat only as intermediaries or transaction tools.

Bitcoin helps people a lot. Some poor people became rich and others became wealthy just by using and investing in bitcoin. If every country will accept bitcoin, then their country will come up to a huge progress.

Yes bitcoin is one of the major crypto asset which really helps economy to grow because people are usually invested into it and earn profits from it. that their living of standard has grown and  their buying power has increased so they contribute to economy by paying taxes on goods and  services that used.

Yes, bitcoin can affect the economy, bitcoin has a high price and can also be a source of income, and it will have a positive impact on the economy.

Bitcoin will not be able to affect the economy of a country because the government will not receive the tax from Bitcoin. But Bitcoin can change an individual's economy and reduce the unemployment rate for their country.

I agree with the subject of the topic because there are already countries who already proved that bitcoin has helped their economy to improve significantly. If all countries have the same views about bitcoin, then i am sure they will also have the same testimonies.

bitcoin is only a currency, so it all depends on market players if a country wants to use bitcoin in their transaction system, of course it will be very influential but if the country does not want to use blockchain technology in their economic system, I think the country is losing because there are many advantages in the eyes of the state, crypto can be used for all international transactions, so that bitcoin can affect the economy of a country depending on it.

economy can change because of people. like, how productive you are.
if someone know about bitcoin than they just dont care about it, what happen? economy's country can be better because of how great people in there. without bitcoin, country can through any obstacle if they have productive people. so, people can change something