Bitcoin Forum

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?

What do you mean between two countries? On a institutional level, backed by the government? If so, then I'm not aware of anything like that, and in some countries, government members are actually "forbidden" of trading bitcoin, because they could be accused of inside trading, since they can have a great impact on its price with regulation.

If you are talking about trades between citizens from different countries, then I think there are a lot of those already, and bitcoin excels in that area.

I am not a professional trader nor an economist but I do love this topic. Allow me to share my opinion on this. I my stand I do think it will affect the world trade. Since we are dealing with money. The investors in bitcoin might be the same investors who worked in the world trade and instead of buying at the trade maybe they spend there money on bitcoins instead.

It is unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so I really think that we are not going to see such a thing in our lifetimes.

trade between two countries? what do you mean? we all know that every government, almost in some other countries, prohibits the existence of bitcoins or those associated with cryptocurrency. how the two countries can trade, if one of those countries prohibits the existence of bitcoin. that would not be possible, man!

Of course.

Bitcoin is intended to be used worldwide, and it does not take into account borders. It would definitely save everyone time and money if BTC was used to settle trade balances, since bitcoin is a truly global currency. Of course, it does need two parties mutually agreeing to the terms of accepting bitcoin as a payment, and right now adoption rates are probably too low for this to happen on a consistent basis.

But definitely don't discount the idea of Bitcoin being used worldwide to settle trades in the future, after all, it's one of the things that BTC was built for in the beginning.

No, I haven't heard bitcoin being involved and traded by two countries. But maybe we can see that in the future though. Take for example Japan or South Korea, they have the biggest market so far so its possible that they can used bitcoin to do international trade, specially along the Asian region. Imagine that kind of scenario, I mean what will be the price of bitcoin that time? Will it bring this kind of trade significant impact of the price? Remains to be seen.

I heard that venezuela is trying to trade with india but it is with their petrodolar crypto, and i doubt it will be sucesfull
I havent heard of any trades with bitcoin

Actually yes!

https://www.bloomberg.com/news/articles/2018-01-23/first-cryptocurrency-freight-deal-takes-russian-wheat-to-turkey

While more of an outlier, Bitcoin has been used to pay for 3,000 tonnes of wheat being shipped from Russia to Turkey earlier this year.

Bitcoin is becoming popular only because of the facilities that people are expecting from bitcoin, in fact in future people are suppose to be more busy and may be find it hard to visit market for buying, therefore i think that they will like to use crypto currency, through which will will be able to get anything on their door step in no time. To me i think that it may not effect the world trade too much. but will surely bring positive change.

The way I see it the internstional market does not affect the cryptocurrency industry as they have different factors that affect them. For example if the prices of gas goes down or up the prices of cryptocurrency is not affected unless it is related in the oil industry. Also the international market is centralized while the cryptocurrency is decentralized.

At the moment, no. In the future? Yes. I know this poser is more futuristic than realistic at the moment. It's a possibility that won't take longer than necessary to happen, especially seeing how the countries at the recent G20 meeting aligned. Soon there could be trades between countries paid in bitcoon.

Lot of people from two different countries are using bitcoin for trading purpose but I don't think any governments officially used bitcoin for buying.But it may happen in future in between if the two countries made bitcoin legal in their countries.

I think bitcoin (or its variant) that would have a very important role to play in international trade, once we are past this friend or foe phase with governments, financial institution and regulators that we are going through.When economists, bankers and the regulators can agree on the importance of a worldwide cryptocurrency like Bitcoin - trade will change.

At present, BTC has a great influence on the global economic situation. At present, financial companies and banks of countries are worried about the growth of BTC. They are trying to compete but in my opinion banks will freeze for electronic money.

What do you mean trade by two countries?. Would you like to expand your question?

There are already trading between 2 countries and between many countries but they use the instrument for payment is USD. I guess your question is use Bitcoin as instrument instead USD. I think it's so difficult and people need more time to develope Blockchain technology to apply it for payment. I also think that Bitcoin can't be used for payment but altcoins which base on Bitcoin Platform is possible although I very like Bitcoin. I think Bitcoin have some disadvantage that we can't to fix it. :)

If Bitcoin become legalized and available to all businesses and recognized of course by each country no reason why Bitcoin doesn't help the economy in every country through local trade and international trade.

Yes, though by a small fraction. Most of the world's trades are still done and completed in fiat. Given that there aren't that much merchants involved in the ecosystem, it'll be hard to keep tabs on the overall trades done with bitcoin unless it's high-valued and highly publicized. Bitcoin is supposed to be used as an efficient currency capable of being sent and received even across borders, so it will be safe to assume that trades from across countries are happening day-to-day, just not that noticeable compared to what fiat has been making for several decades.

Not for now, before governments of the world begin to use bitcoin we need to start at the smallest level, the individual leve, and right now there are not many people using bitcoin for their everyday lives, most people use bitcoin as a store of value and that is why they hold and the rest use bitcoin as an speculative asset and not as a currency, so that will have to change before there is any chance bitcoin is used by governments.

I think OP got the answer with a proof. Bitcoin already used as a trading currency between Russia and Turkey.
I am sure that other countries will follow this lead and use bitcoin as a trading currency in the future. Bitcoin could be the next international currency which will compete with USD and EUR.

I doubt if bitcoin could be used for international trades. It is being banned in most countries currently and in such case, how then will it be used for such purpose. Unless it is internationally accepted and accredited for such purpose, But until such, lets not hope so at all.

International trade can't be dependent on a volatile currency like bitcoin. The sellers obviously need some currency whose value is backed by a central authority. Don't know about the future, but as of now, bitcoin doesn't qualify to be a currency for international trade.

Same goes for the trades between two countries. For such trades these countries usually choose a strong currency like USD or EUR for trade settlement. So as if now bitcoin doesn't have role in such international trades.

The problem with fiat currencies is that they depend too much on the situation of any given country, which makes me find gold a way better option if Bitcoin is left out. Gold is a pretty neutral currency that governments don't mind to deal with, and they can use it to hedge their own economy. Russia and China have been buying significant amounts of gold throughout the last years and I don't see it change any time soon. The US dollar is the main currency of the world, but there are so many variables that could work against it that gold is actually a great option. Gold will always hold value, which can't be said about fiat currencies....

Now the influence of bitcoin in the world trade is insignificant due to the lack of regulation. Accordingly, those countries that introduce regulation faster than others will benefit from a competitive race.

In my opinion,  I don't think that bitcoin can affect partly on the world trade since investors of stock market trading would probably prefer to choose stabe market condition while investing for crypto currency it is very volatile and unpredictable where it has a fast movement trends either up or down.

One day Bitcoin will be able to trade between all countries. At the moment that is not the best way to trade between countries because it is very volatile and lack of regulations.

in my opinion , that will never happen . see, if they actually did that , it will have serious implications on major trade currencies .For instance , US dollars and american economy in general gets its strength from their currency usage in global trades . once that replaced by bitcoin or any other decentralize crypto currency , governments will lose any privilege in their economy and they won't let that happen.

Well,  you have a point but yet,  this will still happen, bitcoin will soon affect the World trade and it has started doing so too. Bitcoin is a form  of money,  a digital currency which are been used by two parties on agreement to pay for goods and services and any currency that are accepted by people as a payment method has the power to affect the World trade.  Even though the government may not like this,  they can't control it to some extent.

There are cities in the world where btc, ETH and other top-end crypto currencies are a legitimate . In crypto huge money comes in and it's not just that. I think that very soon crypto currencies will be used in international payments.

I guess, In the past year when we were did by a Turkish merchant ship.

Of course, bitcoin influences world trade and systematically changes the foundations of the global financial sphere. Thus, Bitcoin offers a solution to the problem of inflation. Crypto-currencies are initially deprived of even the possibility of inflation. Their number is limited by the algorithm. Crypto-currencies participate in the economy like other currencies. They affect prices and change the amount of money supply in the country.

my opinion related to international trade and the influence of bitcoin, I said there must be trading effect that use bitcoin either as payment rules or as a medium of exchange, my belief in the future of world trading transactions using bitcoin as an alternative payment, security and practical reasons, I think with the existence of bitcoin is no longer the limitations of time space and currency all are multi and not limited by it, may be useful and successful for all of us

I guess Bitcoin crypto currencies are created to make transactions faster by cutting the middleman off of the picture. Your money doesn't have to sit in one bank wsiting to be transfered to another then exchanged to the local fiat then you will recieve it. Digital currency just sream line the transaction so you can send money from one wallet to another halfway around the world i an instant.

               As of this moment it is not yet fully established and fully accepted by some other countries, mayve because of some complications and some other issues. It is also very risky as of this moment. I don't know if it will be regulated maybe not now but hopefully soon.

the most part of the world,s trade is still done and is being completed in flat,given that there are much merchants involved in the ecosystem ,it would have be hard to keep a small part of the materials on the overall trade done with the bitcoin unless it has higher  valued and highly publicised. for me i quest that Bitcoin crypto currency is being created to make transactions more faster by cutting off the middle-man off.

We are still a long way off from bitcoin making any significant impact on international trades between countries, the legal barriers are much for now.

I don't get what you are trying to know here. Are you implying on the trades between two constitutional bodies like government to goverent trades in crypto? If so, I don't think there is because some countries are not totally open on cryptocurrency.

At present, BTC affects the operation of the banking system all over the world. BTC has made the banking system in the world freeze. stagnation activity. That is why many countries banned BTC.

I think that this process would become very much more comfortable because you would not need any more to transfer all those money things you can just exchange bitcoin and it would be so much easier than it was

Definitely, there is a role. Bitcoin is already involved in trades between individuals. As for countries, I think they would rather use the technology behind bitcoin ( the blockchain technilogy) for their trades since it ensures transparency

We can not say that it has completely influenced so far. But it continues to affect. One day a revolution can take place literally.

Bitcoin, with its convenience, has opened the way for world trade to add new ways of trading that they have not had before. It has had little or no effect on world trade. It will also have a greater impact on world trade, but also on the positive effects of asset management and more.

I dont think so that there is any trade have happened in two different countries in the past or will be there through the bitcoin technology (currency). In fact there are too many roadblocks already underway which are making this stuff go very much wrong. For tow countries to have trade in terms of bitcoin or any other crypto currency will need agreement over the same contract, terms and conditions of using the bitcoin and also the regulatory stuff. Not to forget that this is the reason why fiat works smoothly because its regulated all over the globe in same fashion.

Bitcoin changes a lot to world trade. It changes the way the payment is made when buying and making these activities happen quickly but still secure. That is a positive influence. The problem now is that Bitcoin is not completely stable so it can become more popular and link more commercial activities.

There is no way bitcoin is hampering or affecting the operation of the banking system all over the world. If it was true we would be facing various crisis and bitcoin would have been forced to become the only currency to be used or become totally obsolete. It did not freeze the banking system and only few under developed countries have banned bitcoin.

sure that it is affecting the world trade and you will not be able to do anything about this. btc is the leader at the market today and it will be like this forever to my mind. it is the most powerful coin and it will be the best thanks to blockchain

With the emergence of Bitcoin and all the over 1,000 cryptocoins, financial transactions are being decentralized on a massive scale. These decentralized transactions have no recourse whatsoever to the US Dollar. This changes the dynamics of international trade, foreign relations, diplomacy, and the impact of economic sanctions. There have always been attempts to “de-dollarize” the global economy and cryptocurrencies seem to be a veritable means of achieving that goal.

Increasing demand is not accompanied by adequate Supply, this clearly makes the Bitcoin price skyrocket. From there we already know that bitcoin already affect the world economy because people almost use bitcoin so the government legalize bitcoin.

Bitcoin affects the market as well as the world economy so what bitcon has got will affect the economy even if the economy can develop without bitcoin but the economy will be better when have bitcoin

Bitcoin is widely used these days and has become very popular as a means of storing value and sending funds around the world. World trade or trade between countries can occur in many different ways, some can be exchange of goods for gold, some can be exchange of goods for crude oil etc. The two or more countries involved in the trade tend to determine the medium of exchange, so therefore countries trading between each other can also use Bitcoin as a medium of exchange, so yes BTC can affect world trade.

My opinion is that trading internationally between countries can become more comfortable when we would not have those transaction fees and all those things that are hard for now during the process of trading.

I heard that last December Russia supplied stock exchanges to Turkey with some products and this deal was made in bitcoin. I think that one side in this period of a sharp price rise bitcoin won in this transaction, and the other lost. Therefore, I do not think that bitcoin will be widely used among various countries in trade transactions. Bitcoin is very volatile in price and it is unlikely to be used as a means of payment in international agreements.

If that already happens meaning to say that something are already in a testing grounds, I'm sure if this can be done repeatedly and value of bitcoin will keep increasing adoptions will be more easy for more countries around, bitcoin can lessen the delayed of dealing between countries as electronic eras are approaching having alternatives can be provided by this system, momentarily the fluctuations still giving barrier fo end users around the world.

I think it will be very difficult to see bitcoin being use as a means of exchange between two county presently  because it will means the countries involve didn't trust their currency enough and choose to use a decentralise currency..Bitcoin will gain more in their trade exchange and their currency will likely suffer. But this will certainly happen in the near future. Bitcoin will be widely accepted as a means of exchange even between countries.

Bitcoin affects world trade. It changed the way the transaction was familiar. Bitcoin eliminates third parties as banks. This makes the transaction process faster and saves costs as well as risk. Bitcoin also allows for more personalization of assets than paper money.

For now, I really don't think Bitcoin has much impact on international trades between countries. Like you are aware, not many countries have openly accepted Bitcoin. Maybe in future, it will.

In the field of international trade, Bitcoin can provide users with the greatest benefits.
Because legal currency cannot avoid the cost of transferring money in different currency systems, the cost of bitcoin is even lower in terms of international remittances and international trade.

It is a possibility in the future but not in the nearest one. Currently, lots of companies are still hesitant in integrating bitcoin payment in their methods. It's probably because of the fees since most common methods don't have these.

If you mean settlements between 2 countries, it is highly unlikely, we have to go a long way before this happens.
But if you mean as in business, I think that this is one of the best features of bitcoin- it is very useful for over boarder , international payments, it is border-less and cheap to transfer and fast. And i believe there is a huge potential.

IMO, bitcoin are different thing , it's similar like gold.
If you compare with stock trading, it's being affect by world issue but cryptocurrency are purely depend on supply & demand.
So that's why you can see bitcoin value can change significantly !

I have not heard anything about the bitcoin trade or exchange between the two countries in the world. You can see that the value of bitcoins are unstable and that in the world there are very few countries that recognize and allow bitcoin to be legally circulated. Since bitcoin has nothing to talk about, I think no country will take bitcoin to trade.

World trade will affect bitcoin and vice versa bitcoin will also affect the current trade influence of the price of bitcoin per day influencing the market and many related policies.

Does it mean they will exchange the goods through bitcoin? If true as I say. It can not happen. It only happens when both countries accept bitcoin as a common payment method. But no country accepts bitcoin for payment

I haven't heard about international trading system that would be accomplished through the blockchain and Bitcoin, but I've heard about some unbelievable amount of money send it from one wallet to another with microscopic transaction fee.

As of now it does not affect world trade as it has a completely different ecosystem than the stocks market and only the ones who are interested and invested into it are haveing either its benefits or drawbacks. However once it is integrated in the mainstream market then BTC or cryptocurrency in general will have big impact in the world trade since it will also be a barometer for the prices of stocks.

According to my knowledge bitcoin has no great effect on trading but it’s very influential due to the increasing demand and the limited supply so the value of bitcoin can change very drastically.

Until recently, there was no way for companies to hedge their bitcoin exposure. If a Company sells goods for bitcoins, but receives payment in 30 days, it wouldn't be sure of the value it would receive. The volatility that bitcoin has could wipe out the entire capital of a small business. So the smart ones would focus on building their business, not try to manage bitcoin volatility.

I think that the role of bitcoin in the world trade will increase because there are a lot of reasons for that. I read some articles where authors described how sanctioned countries made payments between themself using cryptocurrencies.

nah, the crypto world can't be compared to the current financial infrastrucure. We are several trillion away from affecting anything

Maybe one day, if Bitcoin is able to garner enough poise and respect to begin being adopted by most countries.
It's good to be somewhat of a dreamer, but as of now the road to regulation is a bumpy one, filled with many potholes, but when all is said and done, the road will be a bit more polished, resulting in less friction than what we've been used to traversing.

In my own opinion, yes it actually does, the demand in the world trade can actually decrease because some of the people will switch to cryptocurrency.

For now I  not too sure that bitcoin can affect world trade because to the prohibition of government in a country makes bitcoin more difficult to develop after the population does not dare to invest in the future with the ban.

The entrance of bitcoin only means an opportunity for people to earn and a competition for existing commodities that is used in international trading like gold,oil, currency etc. Most of countries are looking at bitcoin as competitor when it comes to forex because it directly affects the competition by shifting the investors from trading local currency into trading bitcoins.

I think government will not using bitcoin or other cryptocurrency. Bussinessman and company probably using bitcoin or cryptocurrency for faster transaction. I think cryptocurrency will help increasing world trade because more efficient and cost more lower than using banks

as far as i know bitcoin trading investment is different from international trade,because the cryptocurrency investment have its own world and only for integral trading of figures,while in international trade,its is the transaction of trading bussiness worldwide,while in the other hand i've never been heard a cryptocurrency transaction of two country but in international trading bussiness mostly many times i've heard of this,especially  trading in my own country.

It is impossible that countries will use bitcoin to settle trades among them, that will in a general sense be a help to bitcoin and in a way they will see likewise that they don't trust in each other with their fiscal models and they get a kick out of the chance to pick a decentralized money rather, so I genuinely feel that we are not going to see a ponder, for example, this in our lifetimes.

It is improbable that nations will utilize bitcoin to settle exchanges among them, that will fundamentally be a support to bitcoin and in a way they will perceive also that they don't confide in each other with their monetary standards and they like to pick a decentralized cash rather, so I truly feel that we are not going to see a wonder such as this in our lifetimes.

Up to this point, there was no chance to get for organizations to fence their bitcoin introduction. On the off chance that a Company offers products for bitcoins, yet gets installment in 30 days, it wouldn't make certain of the esteem it would get. The unpredictability that bitcoin has could wipe out the whole capital of an independent venture. So the brilliant ones would center around building their business, not endeavor to oversee bitcoin unpredictability.

I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !

Yes like for those buying and selling goods and services across borders, cryptocurrency offers a host of benefits. For example, because cryptocurrency is a peer-to-peer monetary system, there are no taxes that govern them, and transaction fees are almost nonexistent. Regardless of how the future pans out for cryptocurrencies, it’s clear that business owners should be exploring cryptocurrency and blockchain technologies to see how they could benefit and make a move to capitalize on the technology.

:) There are certainly a number of factors that influence the bitcoin value
But there are some things that can be found in new types of copper that make communities less trustworthy and less motivated to invest
However, depending on the currency of different values and useful to the community is very strong welcome. It is very likely that the future of the Bitcoin market is expected.

It can affect a lot in the future but for now it is just a fraction of it. The world derrivative supply will need
to stop expanding with time. It is going way over the limits of what we can accept yet banks are still greedy and bond stuff together to sell even more. Noone learnt their lessons from 2008 crisis. For now bitcoin is just lurking and waiting, the next time there is a big bubble burst like in 2008, bitcoin will be here to take a bigger piece of the pie.

Yes, Bitcoin can definitely affect world trade. The business entrepreneurs can use Bitcoin settle cross-border payments. That would be much easier way of making payments as there would not be many formalities involved. Also the value of Bitcoin is same all over the world unlike the currencies which have different value in every country. But I don’t think so that this has been put into reality so far because Bitcoin lacks adoption and is not regulated.

Yeah when you consider bitcoin purely as payment method then scenario changes. Right now so many people are loving it just because bitcoin is providing them opportunity and chances to make good money but when you say them use it for payment method, majority of them approve this request but some might be against this favor. They prefer to stick with old method.

absolutely will, world trade will affect Bitcoin and  Bitcoin will also affect world trade. 

Bitcoin plays an important role in promoting the economy in international trade. These sectors of energy, food and raw materials thus benefit from this electronic currency. Many ecommerce companies China has joint ventures with US companies through the construction of blockchain systems for quality control. And countries that specialize in exporting goods, the application of bitcoin to the transaction will attract a lot of trading companies world, as it is now the era of technology 4.0

It does... in the way we dont realize... I think it affect the way how we get the moneys we need to trade

In my own opinion, yes it can actually affect the world trade because the volume in the market might decrease or increase since people will turn into cryptocurrency industry.

Never heard about the trade between two countries that went through the crypto currencies form. This is also very contradictory as to why they will make such trade because its not having any legal agendas amongst the two countries. Whoever countries make trades, for example sell oil, petroleum etc then the transaction is always done in terms of the fiat currency. The money is very important for other nations and not the assets. What I mean by this is simple, they don trade two different assets in exchange of one. Bitcoin being the assets these will never be used as exchange value plus altcoins are not having capacity to do so.

   That kind of trade between two countries in Bitcoin would be great news, something like that
would be explosion not just in crypto-world.
   Bitcoin trading is world for itself. People are selling stocks to buy crypto-currencies, crypto
trading is becoming more popular than trading with stocks.
   There are news about Wall Street getting into crypto-currencies. When that happen world trading
will start to trade in crypto-currencies. That will happen!

Bitcoin is a source through which countries are benefiting their economies by trading and investment which are contributing to their economies. Those countries where there is a proper system for the Bitcoin and other cryptocurrencies are in progress and have boosted their economies. It just needs investment while paper currency also needs its manufacturing so it benefits countries in this way too.

Yes, At this stage most central banks are closely noting developments in the growth of bitcoin. Some, however, have already responded by proposing the issuance of a digital version of their fiat currencies. Banks and governments all care deeply about what money is used for. 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.

I think that the short answer would be - no.
Bitcoin volume and transactions which are not related to exchanges are very small compared to world economy trade and therefore is does not contribute, at least - not yet.

Bitcoin maybe is unable to affect the world of trade right now because it is really small but this is not going to last for a long time, bitcoin is on the verge of growing massively and governments know this and when that happens we will begin to see bitcoin affecting the trade world especially as people begin to use bitcoin for all their transactions and governments are unable to stop it.

you mean, transaction between the two countries is the transaction between citizens and citizens or the exchange between the two countries has legalized electronic money. If are a citizen and citizen, then I think it is pretty much done like bitcoin.

Bitcoin is the world's first digital currency and one of the fastest growing currencies. With the imprint and the value it brings, Bitcoin will certainly have a major impact on the global economy. As for the problem between the two countries, I do not understand this.

In future this can make an impact especially for countries that are banning crypto. They will be affected negatively because of this.

Bitcoin influenced the entire world economy in general. This influence can be called ideological, because bitcoin has shown an alternative to traditional financial markets.

I think that in the future it is inevitable that Bitcoin will directly affect world trade because Bitcoin and the cryptocurrency market are growing strongly around the world. This boom shows new investment trends in the world and at the same time it has a huge impact on global trade.

I just do think it might in some ways. I do believe that bitcoin can certainly create some impact to the economy which made me think that it could also create an impact to the  world trade. Yet  because world trade had a big scope so I think since it is world wide and there are so many things to trade I guess the impact would be small or not so noticeable.

Can you name up a few things in the world economy that Bitcoin had a role of importance in? I honestly don't see anything in the legacy economy that Bitcoin has contributed to aside from unleashing a blockchain craze. The only change that might be related to Bitcoin (timing could just as well be pure coincidence) is that banks are trying to offer better and cheaper products, and more importantly, be more client focused. Bitcoin is great, don't get me wrong, but people like to exaggerate and hype up Bitcoin's current impact, which we have to look through in an unbiased way. It's not a miraculous world problem solver people often think it is....

I think bitcoin don't have any affect to world trade because bitcoin is decentralized so bitcoin is only affect a crypto market not world trade. World trade is for centralized system so there's no connection in crypto.

With the inflow of fiat towards cryptocurrency the economy gets a very small change, as we're very small in number when compared to the global fiat users. Maybe this could change when the usage keeps growing, and now some African countries making it for their trading needs seems to be the start. They use it, because they need to carry bags and bags of currency as their money is completely valueless. Bitcoin provides with the ease of accessing.

I believe that bitcoin adjustment does not have much impact on world trade, you can see that with a $ 300 billion market capitalization, bitcoin is nothing compared to stocks, gold or real estate. Therefore, I believe that all fluctuations in bitcoin prices will not affect the world market.

You can see that the crypto market is in a period of crisis when bitcoin and altcoin prices are constantly falling. Therefore, I believe we should consider whether to continue investing in bitcoin.

I think, Bitcoin does not affect world trade because bitcoin is just a crypto currency. Therefore, bitcoin only affect the crypto market and it has no connection on world trade market.

To be honest, Bitcoin is not yet legalised in most of the countries and hence there is a legal issue in using Bitcoin for the trades between the two governments. However, on the individual level, there is a huge user base using it even on the international level including me but we still have a long way to go to inculcate the habit of using Bitcoin and see the impact of it on a global level.

Lol, did you just ask whether countries come together to trade on Bitcoin? Lmao that’s quite a funny question for anyone to ask. Countries can’t be coming together to trade on Bitcoin. They don’t discuss anything about Bitcoin in the world market, it is not owned by any country.

Bitcoin is quite different and is open to the world. They don’t need to come together to buy or whatever… citizens, most especially investors that are interested in it are those that buys it direct.

I will agree that the impact of bitcoin at the present has been more idealogical than practical but still it is a big influence, before bitcoin the only way I thought it was possible to get out of the system instituted by banks was to buy gold and silver and now we have a system that allow us to exchange money all over the world with no problem and they cannot touch our money.

According to me, all countries. There are countries that accept bitcoins And there are also countries that forbid bitcoin or cryptocurrency in general. So how can trade transactions between the two countries, if the two countries are legitimate that may be but the rest I think is impossible.

I think there is connection as well as effect of bitcoin to world trade, there is trading that is happening between countries and their connection  which involveds money and other things may afftect the system of bitcoin and the world trade, when bitcoin is up and when bitcoin is down.

Of course there is the role of Bitcoin in international trade. Because there are several countries that work together to make shares in the country. If trade between countries is interrelated, there will be cooperation between the two countries.

At this point though, it isn't happening. The dollar is still the unit of exchange for most countries (but I don't think it will be for long). Russia and China are already moving away from it.

Bitcoin's market cap isn't big enough to be a factor in world trade. It's only about $41 billion, whereas physical money is $31 trillion. So there's plenty of room to grow. This means that it cannot influence world trade, but it might be able to in the future. It is a useful enough tool, so more and more countries will want to start using it.

of course it will affect, even since the bitcoin prices are pumping, and dumped very quickly, many people are starting to trade for profit, especially now that many have proven that bitcoin is able to increase the income of those who use it.

Theoretically, such trading is realizable. The first factor is that the price of Bitcoin is determined by the number of the world's large crypto exchange markets, so Bitcoin is highly demanded and worth a lot. The second factor is that Bitcoin isn't backed by the one certain country, so the world legal status of BTC is neutral, and no any government can denominate or make it cheaper. I think that the trading between countries with using some reliable crypto currencies will be in the future, and Bitcoin will affect world trade.

No, I haven't heard bitcoin being included and exchanged by two nations. Yet, perhaps we can see that later on however. Take for instance South Korea, they have the greatest market so far so its conceivable that they can utilized bitcoin to do universal exchange, extraordinarily along the Asian area. Envision that sort of situation, I mean what will be the cost of bitcoin that time? Will it bring this sort of exchange critical effect of the cost.

Why do you say Russia and China have moved away from him.
While Saxo Bank said that if Russia and China start implementing Bitcoin as a currency other than the US dollar, then the price of Bitcoin can be ascertained to triple from 700 US dollars / Bitcoin to 2,100 US dollars / Bitcoin.

I think that's happening right now, lots of commercials, bitcoin merchandise exchanges to evade taxes or to avoid being spotted by the government. But it does not happen much because of the risk and newness. bitcoin makes people not really believe in it and later I think it will happen more

On the off chance that Bitcoin progress toward becoming sanctioned and accessible to all organizations and perceived obviously by every nation no reason behind why Bitcoin doesn't help the economy in each nation through nearby exchange and global exchange.

Not only that, there are also many companies that are investing in Bitcoin. Of course the entry of large capital in a class of agencies will drive prices.

Right, man. I also see no connection between the world trade and Bitcoin which is the decentralized cryptocurrency. It can affect the person and his wealth but it does not work so globally.

I don't think it has any effect on world trade directly as of the moment, though there are similarities
at some degree and factor. Prices and strategies are almost the same but they belong to a different world.
But soon it may tapped into that global world trade scene. It's a new frontier for bitcoin and crypto.

He is already working in international trade. Several countries take bitcoin into circulation. So I think they calmly count on each other.

Yes it does. It might not be seen in the news, but if you look closely in the market, bitcoin is widely used for trading. Especially when importing products that can be sold easily or with high value. Stock market is now starting to invest in cryptocurrency because of sudden rise of population of users of cryptocurrency. It makes the deal faster and smoother. Unlike the traditional ones, it also makes the country modernize because of the way how they transact their goods and services.

I meant that Russia and China are moving away from the dollar. They're trying to do trade in their own currencies and are switching their reserve currencies to gold. By selling off the dollar they are signalling that it's not that valuable anymore. Strangely enough, the IMF has also been talking down the dollar as a reserve currency and may have plans in store for a "one world" currency, which might be an imitation of crypto.

Certainly, if Russia and China started using bitcoin then it would increase in value, but I'm not sure it's in their best interests to do so. They'd probably want to establish something of their own as a centralized currency so they could have better control over it.

Yes. Bitcoin will affect the world trade market. In particular, countries that accept Bitcoin are legitimate electronic coins. The use of Bitcoin reduces transaction time, increasing commercial efficiency. And bring more profit to both the seller and the buyer.
So, most of the participants in the Cryptocurrency market are confident that this is a money market of the future, inevitable.

Right. Modernization of trade transactions is a key element in the future economic development of nations. But some countries deny the presence and activity of Bitcoin as well as the Crypto market. They feel threatened by the legality of accepting Bitcoin. I mean to talk about the heads of the country. They fear not being able to control corruption, money laundering ... through Bitcoin. They have reason.

I haven't heard yet about countries trading Bitcoin with each other but it might happen in few years from now.

I also didn't get the question. Is the point about bitcoin (crypto exchange) between countries and making the economy of one of them richer due to that? If so I think here is the point in a concrete country and its relationships with crypto currencies. There are countries which are more equipped with crypto things like ATMs and mining farms, this way the use and trade of crypto is on the high level in such country.

I think it wouln’t happened because bitcoin never replace fiat money. It’s my opinion. Bitcoin is very good for speculation. But blockchain st all really good technology.

certainly affects!ate that the blockchain is "the Kingdom of trust". It becomes a response to a fundamental Internet gap in which information (images, texts, sounds) is transmitted through data packages whose value is only related to what they can do and does not exist on their owncertainly affects!ate that the blockchain is "the Kingdom of trust". It becomes a response to a fundamental Internet gap in which information (images, texts, sounds) is transmitted through data packages whose value is only related to what they can do and does not exist on their own

if I think there must have been an impact starting from the real world that only those who invest in who pay through banks and currencies in the real world for a long time will definitely not have a price because now payment is through the crypto world.

Well, i am not in favor that btc will affect the world trade. Since, crypto currency has no connection of world trading. Therefore, btc does not affect world trade.

First of all the market cap of bitcoin is 104 billion dollars and not 41 billion, but I agree with the rest of the post, the US thinks they can print the US dollar with impunity and now we are seeing some countries trying to get away from it, at least in some of their transactions, but the US dollar still is the king due to the size of the US economy but when an economic crisis strikes that could be a blow to the size of the economy of the US and it could be enough to shake the confidence in the US dollar to the point it is abandoned as the reserve currency of the world.

At the institutional level there is not yet, but between citizens, large employers who are required to transfer money on a large scale. using bitcoin as a payment method has already been done a lot.

It is not going to happen so far because now almost everyone country is accepting bitcoin and they are trading and investing in it, I am sure soon bitcoin will become world’s most wanted and the only coin to trade a trust worthy with it, because the development of trading is the only way to make the future economical progress of any country, so I think bitcoin trading is going to have a bright future.

There are two different school of thoughts over this topic. One, we people aren’t accepting change and we don’t let system changed. The other one is, time will take all the odds and thrown them out from history. So if we just talk over second one, I think we might be seeing a full felled bitcoin world that wouldn’t be involved in dealing of any sort of fiat. Just wait and watch.

indirectly with the presence of bitcoin certainly brings the impact of international trade for those using crypto currencies in countries that have legalized it, and for countries that have not legalized in my opinion there will be a turnover of local currency

I believe that bitcoin trade between countries will be achieved in the nearest future. With time, the countries rejecting bitcoin now will start accepting it after their fear of cryptocurrency has been proven wrong over the years to come.

For many government, bitcoin still illegal because they dont regulate it yet. If bitcoin become world currency like dollar, international trade must be using bitcoin because its more secure and more valuable as reserve.

Bitcoin does not affect world trade as it occupies a small percentage of the world economy, but it is not for long ))

Of course, Bitcoin is the input of most trading pairs on all exchanges, which dominates most of the remaining altcoins, including ETH. Bitcoin prices have a big impact on the price of altcoin. In addition, ICO projects have bitcoin inputs to purchase project tokens, so the impact of bitcoin on the altcoin value will be extended.

I believe in that because Bitcoin is the king of crypto for example in the kingdom if the king doing good well his people will doing good too but if the king will doing bad or not well ofcourse people will affected according to what the king doing. So, I believe that where bitcoin is, the other coins will be there also.

no and hardly will bitcoin be the legal currency for 2 countries to trade, the transactions can not be tracked so there's no proof to tell if a country use their money in what activities.

of course, now bitcoin also has an influence on world trade, why is this because investors in bitcoin already have very large amounts as well as investors in gold, silver, oil and other precious metals

Bitcoin can be purchased as a basic money exchange and then used as currency. Every time money is exchanged through Bitcoin or a similar cryptocurrency, that transaction is recorded in a detailed public ledger. The ledger forms a long chain of verified transactions in chronological ordered. These ledgers are referred to as blockchains, and the blockchains are a big part of what excites people about the possibilities opened up by cryptocurrencies.

I guess it is affecting the trade that can't stand under the sun. But for normal legal transactions, I don't think Bitcoin has such a big influence now. Anyway, BTC is still in the early stages of development, and may be qualified to compare with the world's mainstream trade in the future.

It does, Bitcoin makes everything possible and its existence makes the process take lesser times for it to be successfully done, Bitcoin helps trading and market become effecient and it maximize the resources that we can obtain through Bitcoin it is very unique type of process since the allotted time for it to be done is being lessen. It shorten the distance and the boundary between main source and people were shortened.

Cryptocurrency is taking it's strong position in world economy. Bitcoin is the first and biggest currency in the world.That's why btc already taken a lot of portion of economy.In this way btc affect world trade.

When Wall Street talks about bitcoin be sure that bitcoin affects global trading in some ways. Maybe it`s not big, but it`s something and for sure we can say that bitcoin affect global economy more and more. Some countries already adopted bitcoin in some ways, I didn`t heard about transactions in bitcoin between two countries yet but that will happen soon and it will be in all news. When we know that bitcoin helps economy to be more efficient, it`s just about when will all countries recognize that and start to use it, like Japan did. But when we talk about bitcoin in this way, be sure that other alts will have important role in global economy too. Every alt have something to offer, but bitcoin as first will break the ice, like it`s doing all the time and make path for all others.

The first scenario that you are proposing cannot happen because we are already using bitcoin, so we know at least some people will accept it, the second scenario you are describing will probably not happen either since governments are not going to accept cryptocurrencies while at the same time they stop printing fiat, what we are going to see is what we have right now, a world with fiat and crypto with the difference crypto will become bigger.

Yes you are right, with the existence of cryptocurrency, some of the people will prefer to use bitcoins rather than investing their money on an asset which will decrease the volume of stock markets.

Come to think of this, Bitcoin is mined through a complex software and hardware infrastructure system. And just like any other traditional method of mining, manufacturing bitcoin also impact the environment in not so subtle ways. The servers used for mining consume a great deal of energy. We can only imagine how much is being spent on running countless servers around the world. In response, environmental legislation will have to be introduced to address energy consumption related to bitcoin mining.

Also, Being an unregulated currency that is based solely on data, bitcoin enables unbridled access to a secure credit system. It will continue to bridge people who are isolated with global merchants. This will certainly open up new markets and opportunities that will further influence economic growth. In addition to that, bitcoin does not have to require exorbitant transaction fees and withholding taxes, which is what makes it so attractive in the first place.

Of course, Bitcoin has indirectly affected the world trade many times. But it is only because Bitcoin is being faded with other services and stuff. So kind of their value drops or gets increased. Bitcoin is affecting governments all over the world now let's see what will happen next.

Bitcoin is first fiat/paper money converted to purshase BTC therefore as investors come into the space, cash is being withdraw in the real world and it is sure having an impact on the on the world global economy, But it is sure an advantage to the investors.

I don't think that bitcoin affect the world trade because bitcoin has its own exchange and it is not that adapted in the whole world to affect the world trade, bitcoin doesn't affect anything and only the people who invested or putted their money in bitcoin to invest and to trade it but talking about affecting, it doesn't affect any.

To me bitcoin is away from the world trade, maybe a very small level of dependence might be felt upon world trade which is not confirmed. As we haven't got the access similar to that of the fiat used around there is possibility for the dependence of bitcoin on world market until this scenario changes.

The consumption of energy of bitcoin is exaggerated, it is true the consumption levels are high, no one is going to deny that but banks are trying to exaggerate this so people are afraid of adopting bitcoin or to try to create animosity between bitcoin and environmentalist, but make no mistake, this is an attempt by banks and governments to attack cryptocurrencies and to try to slow adoption until they figure out what to do to stop its adoption completely.

it certainly affects world trade even the economy is also affected by bitcoin

An indirect effect maybe possible as people who spends on bitcoin may no longer spend for other related things. Trading bitcoin might also be possible in the future but as of now I never heard of it. It maybe because bitcloin had something to do with hiding actual users or anonymity which might be crucial when dealing in international trades.

I think bitcoin can only affect the crypto market and can not possibly affect the world market, you can see that bitcoin prices are fluctuating constantly and it is hard to predict, the market is in cycle down in the long run and total market capitalization of only $ 200 billion. With such a low capitalization, bitcoin will not be able to affect world trade, so I believe that at this point you should only invest in bitcoin at this point.

I have read, if in China all traders who use large-scale funds use bitcoin as their payment method.

Secara tidak langsung coint dan sebagainya akan mempengaruhi ekonomi dunia..ane sangat yakin.. perkembangan dunia saat ini sangat tergantung kepada zaman digital seperti criptoccurency ataupun blocchain yg memang di butuhkan oleh perkembangan zaman.

it looks like bitcoin hasn't been able to give a definite influence on world trade, because bitcoin is still not acceptable in all countries, when all countries have received bitcoin transactions, it can have an effect on world trade.

Until now, I have not heard about trade between two countries that use bitcoin. But, I think, in the future, bitcoin will increase global access to trade and can help international trade to continue to grow because, with Bitcoin, all payments in the world will can be operated fully, Bitcoin allows any bank, business, or individual to send and receive payments securely anywhere at any time.

I am believe every country still using their own currency for internation trade. Bitcoin can be a global currency like gold but i dont think government will using bitcoin for international trade because government still not regulating bitcoin or cryptocurrency

The economy affects Bitcoin much more here. You have probably mentioned that BTC holders and investors are mostly people from the counties where people have the better life.

I think the process will be more convenient maybe because we no longer need to use our money to transfer. And we can also exchange some bitcoins into money which is much easier for now.

bitcoin in international trade you heard of a trade between countries will it be in the future is unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so really think that we are not going to see such a thing in our lifetimes....

Maybe one day bitcoin will be able to trade in every countries. But right now isn’t a very good way to trade in all countries because there are some countries that still don’t accept bitcoin.

No not yet, bitcoin is without a doubt starting to being noticed by the world and they are understanding that it will become a force to be reckoned in the next decades but it is still too young to affect the market as much as people think, but do not worry that time will come, just make sure to have enough money invested in bitcoin when that time comes.

Bitcoin was forged in the fires of economic uncertainty, It was created in direct response to the shortcomings of the traditional financial system. It makes sense then that any event that highlights the potential vulnerabilities of a national currency also tends to magnify the strengths of a borderless currency such as bitcoin.

This can help businessman or even ordinary people to trade around the world easily. If the government support this for sure it can affect the world tradet because people are love using this technology but we are experiencing a negative support from our own government so hopefully we can have a clear situation about this one.

I have not heard this and I think that with bitcoin it will definitely not be. We heard that Ripple want to implement interstate payments. Perhaps they will succeed, because behind this coin there are banks.

No unfortunately or fortunately I have not heard of such an opportunity or service. As far as I know, bitcoin is not used by banks. Perhaps other banks will implement this, but for now.....

Little by little it might give effect to world trade. Because every day bitcoin is always trading and will have an impact for the future. I hope that will produce positive results.

First thiings first, upon entering into this kind of industry we are into, we are all aware that this type if currency was already widely used by many people belonging in different countries worldwide so that possibility for two countries to do have trading in between them was already possible at the very first place because even blockchain was not yet formally being introduce, we people have already making such tradings not just in terms of money but also with products for the sake of fulfilling the needs of our economy so I bet, the possibility was already wide open ever since.

Of course, crypto will affect World Trade but we cant feel it cause it is just a little percent we've been contributed into it. And still a lot of people engage on local stock exchange than of crypto.

Of course it affects the world economy. And what you're doing is part of that development. Convenient for transaction anywhere. What people want.

Even now Bitcoin is affecting the economy. This effect is very small now, but when the price goes up we will see it grow. In the future we can see that it is used for trading among countries. In my opinion, this trade will not be with BTC or any other altcoins, the states will do it with their own digital money.

Yes. The question is quite straightforward with market capitalisation of over 210 billion USD, definitely bitcoin is relevant to world trade. Alot of big companies are already accepting it as medium of payment, so yes, Bitcoin influences world trade.

Their are some reason that bitcoin affects the world trade and others are not. We need to lend a hand to help each other so that it will be generating a good news at all. The currency asct as money or fiat though it could be as also way of transactions.

This will depend upon the situation of trades ,it may sometimes affect ,and sometimes it will not , because trading will depends upon the time ,the amount of that transactions whenever, whereever the transactions will be done, because there are also reasons to come up with this situations , so this is business it will go up and goes downs it depends.

In fact, there are not bitcoin trading between two countries yet, it simple because BTC is having different systems and the way work that current financial economic system.
at this moment the transaction/trade are conducted by cryptocurrency exchanges of different origin countries. the role is simple because of decentralized create policy are less-and practice. can be disrupted because of recorded to the immutable ledger and so on.

I'd think it will affect the economy in such a way that it will generate wealth for people who invested in it and it will be able to pump it in their economy by exchanging it for goods and services. But once crypto currency is adopted as a currency it will stream line payments faster and easier across the world.

Bitcoin is mostly now using for trade purpose and the users of bitcoin are increasing day by day and if now bitcoin is here it is the blockchain technology which is rapidly expanding crypto network and most of stock market investors are shifted into crypto market so that you will get in touch for bright future now the crypto is a good way to secure your money.

We can't still say that cryptocurrencies are the best way to secure your money because it is not yet proven and it is still in the young age or the testing age of the technology that cryptocurrency has right now and it is best to not go all in cryptocurrency and still be diversified to avoid regrets.

It will have a lot of influence. Actually, Bitcoin is a highly capitalized technology enterprise and it has a great influence on the economy of the world.
We can see the downturn has affected the economy of the world. capitalization has dropped by more than $ 500 billion and the world economy is falling. That is very easy to spot.

Since I came into cryptocurrency business,I have taken a keen look at bitcoin and its relation with other altcoinstalk. I can say the price of bitcoin is directly proportional to that of alts hence they are greatly affected when bitcoin price goes low.

Yes. But I think it only affects a small part. Because I have not seen any bitcoin trading between the two countries, and I have not seen any information about it. Currently I have seen many companies accept Bitcoin in payment. I hope that in the near future this problem will be widespread in countries with each other.

I suppose, Bitcoin does no longer affect international change because bitcoin is just a crypto foreign money. consequently, bitcoin only affect the crypto marketplace and it has no connection on world alternate marketplace.

To me, i see a greater influence of bitcoin price on the trading market. Most people are used studying the price of bitcoin to correlate with the prices of coins they possess.

As of now, it was impossible to happen since bitcoin is not legalized yet in the government. And of course, they are not allowed to have on this kind of currency that tradable in both countries, unless if bitcoin will having a regulation to government and probably it will happen soon.
Those companies using currently at this time by bitcoin their government was friendly and they are free to use bitcoin since there is no law implementation regarding bitcoin.

I think bitcoin will make easier trading between countries, because payments will be faster and have a small fee. so, the transaction will be more efficient

Crypto is most likely to affect world trade, moreover trade in investment. well, lately, so many big investors have turned to the development of cryptocurrency, so that the need makes a lot of crypto prices rise. therefore, so many media reports about cryptocurrency.

depending on what type of trade, what trade is being do, if trading uses or involves cryptocurrency, maybe bitcoin will affect the world of trade, but if not. bitcoin will have no effect. but maybe in the future it will affect if there are already many who use bitcoin for trading transactions.

I think Bitcoin in itself could be used by any person for international trade. But i haven't heard of a country that trade exclusively of Bitcoin, not to mention any crypto currency for that matter with other countries in bulk. But then again, we don't know what will happen in the future or in the very near future.

If bitcoin used by government for internation trade, i think its take a long way. Many government still ban bitcoin and many government dont have regulation about cryptocurrency. If government using bitcoin, i am believe bitcoin price will be very expensive

Bitcoin has a good effect in the world trade.It makes payment easier and convenient.It invites a lot of investors.No need to print cash.Everything is digital.More bitcoin, more traders.

The advantages of Bitcoin in international remittances have led to the use of Bitcoin in some international trades!
The use of Bitcoin will only make the world a better place, reducing the cumbersome process of international trade and effectively reducing or preventing fraud in international commercial trade.

Trade between countries, why do they have to use bitcoin? the trade between countries is intended to benefit from the country that is in agreement. Bitcoin is still illegal for the government it will be very unlikely if the government uses bitcoin for the country's investment or other things. So even though the price of bitcoin goes up or down there is no impact on the trade done by the countries.

But OP is asking about if theres a trade that happened between two countries and thats the main question to point an answer.

I don't think theres something like that happens so far or if theres one maybe its beyond our knowledge,since this maybe a secret dealing between those countries.but i believe that eventually theres a possibilities this thing will happen

Countries if do trading or exchange for something they always use fiat currency. Most of the current use is dollar it is widely acceptable in all countries. Like my country want to buy oil in the middle east. The currency that will be use is $ against their oil. If you mean that bitcoin will be use for the purchase between two countries then its not possible yet.

Its quite the same in my country, if our country make trading to other countries they particularly use dollars as mean currency. But we did not know yet if bitcoin will be legalize in many countries it might be able for them to use bitcoin as trading payment between countries.

Probably, since Bitcoin is obviously better than any exchange these days and it affects world trade in terms of what do consumer prefer the most and the other entities who may not seem to be engaged in Bitcoin might have problem regarding to whom they may exchange transaction if most of the people in the market prefer doing tradings with the medium of Bitcoin so definitely Bitcoin affects world trading.

But, you could do that though. As long as they accept it as the payment method through the online shops for most people do. In Japan also you can buy stuff with Bitcoin like foods, goods or services on there. We with to have these kind of things in our country later.

Ofcourse, because of an easy access on it. We can communicate and also trade things as easy as 1,2,3.

bitcoin is digital and internet-based, therefore it is international, what do you mean? of course it affects world trade, cryptocurrencies are making its way and diversifying traditional trading platforms, today, not only fiats such as dollars and yen and euros are being traded, slicing a big portion on the market, you mentioned trading between two governments using bitcoin, not sure though if there is such, no government are vocal and bold enough to represent as a trader in the current market, if there are, they are the whales.

To consider if Bitcoin affects world trade or not, it's necessary to be an expert in the sphere of world economy and trade, IMO. What I can say is that cryptocurrency affects the whole nature of trading and international relationships.

I have not heard of such operations yet, but I think it's possible.

Yes it is possible for bitcoin to avoid world trade because business owners should be exploring crypto and blockchain technologies and find out how they can benefit and make a move to capitalize on the technology.

between two countries doesn't mean always a big transaction between the government, this also can relate to two individuals exchange to trade bitcoin or buy and sell things but use bitcoin as payment

Cryptocurrency and Bitcoin have come to stay and would be around for years to come, it would contribute to shaping the way our financial system works. So BTC and cryptocurrency would certainly affect world trade and shape the way funds are sent from country to country making transactions very fast and easy.

If you are allowed to use crypt in one country and another, then why can not you exchange coins.

Perhaps, yes it is! due to its money involved, especially Bitcoin has been used mos often on trading online, then being accepted as payment thru online in different merchants anyhow. And what I like the most about in Bitcoin was we can send money in different palces in the entire world as long as there online internet connection in your place.

Bitcoin is something personal, so countries and governments are unlikely to get access to international trade using crypto in the nearest future.
Moreover, cryptocurrencies are so much volatile that I can't imagine successful trading with such an unstable exchange rate.

i think investors will be divided, for those who know bitcoin, there are certainly many investors who have turned to cryptocurrency, so that world trade has become a little choked up, even though I don't think it has much effect, only 1% bitcoiner we have to know

These sectors of energy, food and raw materials thus benefit from this electronic currency. Many ecommerce companies China has joint ventures with US companies through the construction of blockchain systems for quality control.

States are unlikely to use the decentralized Crypto currency in their trade because of its high volatility. For them, the importance of speed of transactions does not matter. Therefore, bitcoin will be used more by citizens than by states and its bodies. Therefore, big importance on the world trade bitcoin does not yet have.

Trading between two countries might not exist most especially if we are talking about Bitcoin in an international trade, why? It is because Bitcoin trading is not just happening in one or two countries, it is traded a thousand times a day all over the world. If you are talking about Bitcoin trading through financial and economic ties I don't think so as we all know that transactions are anonymous it is also unstable asset. If we say peer to peer transactions then yes we all heard that almost everyday.

well, I think bitcoin has changed the world of commerce a lot. the ICO project that is so much at this time is proof that bitcoin has changed the world of commerce a lot, even large organizations have been paying attention to this development.

Bitcoin already have a huge market cap. This market cap if added to the national trade then it is already a huge amount which could affect the money movement all over the world.

I don't think bitcoin can directly influence the condition of the world economy because at this time cryptocurrency like bitcoin cannot defeat the global circulation of dollars so bitcoin has not been able to do that.

Maybe it doesn't have any effect now but I believe it'll have some effect in the near future when Bitcoin gets enough support from the superpower governments.

For now it does not really happen because any government countries are not promoting cryptocurrency and the trading on it so for now it might be a good suggestions to us for each country because it would be a way to each country and affect to the world trade.

I think Bitcoin did not affect to the world trade market price all of the changes of numbers is because of inflation and deflation of real goods and any other products from importation and exportation, bitcoin is classified as direct decentralized digital peer to peer transaction business its so difference to real business.

I totally agree with you. At this point, e-money does not have the capacity to determine the overall economy. Because the leaders have won and gone. And leave the remnants of what remains.

btc is not strong enough to affect the markets of major countries. but btc can be affected by these countries. these are different things.

In my own opinion, Yes it can affect the world trade because some of the investors that has assets are selling their investments in order to switch into cryptocurrency.

Bitcoin is the enter of maximum trading pairs on all exchanges, which dominates most of the final altcoins, which include ETH. Bitcoin charges have a huge effect at the charge of altcoin. further, ICO projects have bitcoin inputs to purchase task tokens, so the effect of bitcoin on the altcoin price could be extended.

maybe bitcoin in the next few years can have a definite influence on world exchanges but that requires the acquisition of all countries against bitcoin.

Some country already started trade by bitcoin. Many company also accept bitcoin for their payment system. Now fifty above countries use bitcoin and this number are increasing day by day. Hope that very soon will start international business by bitcoin, and bitcoin will be good rule for international trade.

Yes bitcoin really affect the altcoins.
And i think stock exchange doesn't  affect much .
We really don't know the flow of the market for now because all of them re falling

Almost all the real investors’ demand for the Bitcoin and few others best recommended cryptocurrencies for they get better profit from the crypto world.

After the announcement of Bitcoin as investment source in the world or you can say after the modernism of currency people started to proceed for Bitcoin and then other crypto coins. This reduced the traditional trade but not too much as almost all the investors have investments in both traditional world and modern world.

Of course at this point, not yet. The community is probably not big enough to affect anything at a world stage. Even the december run last year probably only took people's attention towards bitcoin but didn't affect anything in a national level.

Of course, crypto-currencies have a great influence on the world economy, questioning the fundamentals of traditional currencies and the existing financial system.

I think investors in bitcoin are probably the same investors who work in world trade and instead of buying in trading they might spend money on bitcoin instead.
I am not a professional trader or economist but I like this topic. Allow me to share my opinion about this. I stand up, I think it will affect world trade. Because we deal with money.

Crypto trading has affected the world traditional trading with other products due to the huge profitable properties of these crypto coins investors are welling and their desire for the traditional trade has been reducing since the birth of crypto world. Especially the Bitcoin is on the top which has most ratings from the side of investors as a better source of investment.

In my own opinion, personally I am not good in trader but I think Bitcoin can affect tye world trade. Why? because it also dealts with money and transactions, we knew that one of the process we make in Bitcoin was trading so it really affects the world trade especially if the investors wants to invest in Bitcoin and once it became legal it really affect the world trade.

Bitcoin is not yet widely use in global transactions so it won't affect any global trade. Governments and international traders uses the fiat in their tradings and business transactions instead of bitcoin or any cryptocurrency. There is a need to legalize the bitcoin first in every major countries before it can be utilize it as one of currency for global trade.

Maybe this could change when the usage keeps growing, and now some African countries making it for their trading needs seems to be the start. They use it, because they need to carry bags and bags of currency as their money is completely valueless. Bitcoin provides with the ease of accessing.

Bitcoin does not yet affect world trade, although his quotes are already beginning to be present on major exchanges.

while the turnover of cryptocurrencies is not so big, in order to influence the overall economy

someday if bitcoin adopted in international trade and used as payment system replace L/C we will see bitcoin give influence in global trade.

I think its has affected world-wide trade. So many whales that joined in this crypto trade, yeah as you can see that dump and pump price supported by whales lol
Cryptocurrencies already traded on meta trade platform, they all paired by usd, It make crypto gain its interested person on it.

Now that crypto is nearly forbidden in many countries it seems impossible to be but maybe in future when crypto becomes more accepted everywhere this could happen.