Bitcoin Forum

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?

I don't think bitcoin made any significant changes in the countries economic state yet,but it is really helping some of the people from developing countries to increase their economy level by investing on ICOs and crypto currencies.But if bitcoin will be adopted my more people of any country without proper regulation then it may leads to economical crisis.

Banks will have to offer lower transfer fees and tighter minting/lending regulations to compete.

Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intention to regulate Bitcoin. Many governments may not like the idea of not being able to track identities related to the transactions, there are already apprehensions about use of Bitcoin by drug cartels or the incidents like wannacry ransoms. So there are many reasons for government to resist the use of Bitcoin than adopt it.

It's important to understand that Bitcoin isn't a miraculous tool solving all people's problems. If you properly utilize Bitcoin in your advantage, and then mainly in the way the regular economy doesn't allow you to progress further, then it can be a great help. If you just expect Bitcoin to make you rich or whatever, and that without doing anything, you are wrong. It all depends on yourself in the end, and it's only you that can force through the necessary changes. Bitcoin is nothing more than a tool helping you achieve your (realistic) targets -- no input from your side means Bitcoin won't do anything for you. Pretty simple logic.

I agree with you  , the bitcoin help some people and it  change thier life
but also more people in the world donot knowing any thing about bitcoin
i asked more of people and they say to me that dont know what is the bitcoin
so i think bitcoin cannot change the people's life at the moment

Bitcoin is already bringing some changes to the way things used to work, for example services like Western Union can no longer compete with bitcoin, the only reason Western Union still exist is because you cannot use your bitcoin directly to buy whatever you want, but once that changes I'm pretty sure that the Western union business will drop like a rock, I also think that bitcoin will have the effect that banks will have to become a lot more efficient and they will have to drop their fees if they want to compete with bitcoin and this is a good thing.

The possibility that it can happen, but still we have to see from two sides. Changes in the economy of a country due to the use of BTC there must be a positive side and the negative side. It is true in terms of security BTC is guaranteed, not inflation to be used as an investment. The question is what each circle can accept economic change because of BTC? ???

I agree with you  , the bitcoin help some people and it  change thier life
but also more people in the world

Right now the user community around the globe is very small compared to the entire sum of fiat being used all around. The contribution of bitcoin to the world economy is small and this needs to grow high in value with more and more adoption taking place with time. In terms of individual growth it is possible and in terms of growth in a country a small inflow of fiat happens through bitcoin.

with bitcoin prices skyrocketing many people love and invest in bitcoin.
this is what changed the economy especially the people who participated for the investment.

It is changing lives in venezuela. It is a country where you earn 3 dollars per month, and mining with just one graphic card is bringing you around 20 dollars per month, so people in venezuela started to mine. It is changing their lives

Seeing the development of developed countries, supported by the remarkable advances of science and technology. Anything since the presence of Bitcoin as a digital currency. It seems that more and more developed countries are legalizing Bitcoin as a means of payment. Like Japan.
Is it possible if later in another country Bitcoin in Legalkan could have an impact on the economy better?
all back on our own

Bitcoin does not change our economy, it is improving our economy. If we are all satisfied with our lifestyle by the influence of bitcoin then we are all improving. Bitcoin is not an economic model, it is a digital currency where everyone can use and everyone can earn. Because of bitcoin, each of us got foods to eat and got luxurious materials we want to have. Bitcoin is helpful in our economy, it makes people to live each day.

Bitcoin has helped  many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.But bitcoin would not be able to change the world economy.

Not just about the fees, banks should improve their system and make transactions faster than before.
Well, they cannot stop cryptocurrency, and I think bitcoin can really change the economic of one country only if they fully accepted the system.

Right.Bitcoin will be a significant factor to improve one's economic or even the country's economic because it will be a great help for the people to earn a decent income to be able to sustain their daily needs in life.If bitcoin will be fully adopted,most of the people will already have a good opportunity to make their lives better to live.

I agree.It will be a great advantage for the people to have bitcoin in their lives because it can be a primary source of income if they can use it in a right way.So it will help improve their own economic status that will lead in the coming future improving the world's economic too if all people will embrace bitcoin.

I don't think it can change the whole economy rather it can help to other people to change their living base on finacial problem.
Maybe btc is one instrument to change the economy but btc is not the main factor.

Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intention to regulate Bitcoin. Many governments may not like the idea of not being able to track identities related to the transactions, there are already apprehensions about use of Bitcoin by drug cartels or the incidents like wannacry ransoms. So there are many reasons for government to resist the use of Bitcoin than adopt it.

obviously bitcoin can change the economy for its holders, many people are benefiting from this modern technology, because I think bitcoin can create jobs for everyone, a small sample of many people who rely on their earnings from trading digital currencies because it is considered very promising to make them feel quick to gain profit.

If you think a bit, you will not see bitcoin making an important contribution to the economy, but if you talk about it, you will find it important for the development of the country. Can have capital to do business tax for the country

Bitcoin can change economic by helping people to have a job, many people now are jobless and if they will understand how bitcoin works in their life and how it would be helpful for, then there would be made big changes for them.

In the future, when the international economic community will legislatively regulate the use of bitcoins and crypt currencies, the BTC may and will have some influence. Bitcoin invested a lot of dirty money, which slows down the process of legalization.

Banks make billions of dollars every year from fees in transfers.
Now imagine if these fees would go to us, the miners instead of them. Finally people got the financial power in their hands, this is revolution!

We have different point of ideas about the Economy. My opinion on this topic is this, Bitcoin can only contribute or upgrade the life status of once individual with a huge earning from Bitcoin project investment. She or he can buy the goods they needs using the earning from Bitcoin. Our economic indicators are base on the supply and demands of Commodities that used in daily activity of the community or the people, like the Foods, Utilities products, Diesel and Gasoline. Any changes in this product specially the price will have some effects on the main stream economy, but Bitcoin can not simply change the Economic structures or fundamental. It may help in some way for the individual having some Bitcoin investor upon transaction of the said earning from Bitcoin but not change it. 

Bitcoin can not simply change Economy. Our economic structure fundamental are base on the supply and demand of prime commodities as indicators that would have a greater impact on the economy. Any price increase on Oil product, the economy reaction is different, the government would look into on how it can caution the impact  on the other product commodities which will be translated to local business transaction and the people as the end user who take the burden of increase in such price. Bitcoin earning can only help the individual investor when, after his earning transact business on the main stream market, like buying his supply or what ever utilities, foods, etc..but wont have an effect on our Economic Structure of our government.

Currently, bitcoin prices are quite volatile. It affects the lives of people. both positive and negative. The rich have raised up on it, and the poor have gone. But invisible, it makes things even more balanced. I think they are needed for the future

I think Bitcoin will not affect economy of a Country that much since this forum was decentralized, and we cannot combine two unlike field. I think changes will be visible to the people who used to work here to earn profits and holding their income for possible growth of the price. I think Bitcoin will come to change economy by means of offering jobs which they can used for financing their studies and to be a future professionals.

I think that bitcoin and other cryptocurrencies will change the international economy but they don’t replace traditional national currencies. They will be new tools for paying and investing.

Of course bitcoin changes the economy. Changing the economy for individuals who initially lived lower middle class since getting to know their bitcoin got rich and changed their lives. This is an economic improvement for the individual and it is possible for the state to feel it because of the taxes he pays

Yes I agree that  bitcoin can change economic empowerment of any country! If a country  is ready to be an early user of the tech..

Yeah it will change bitcoin of economic as long as they continuing using bitcoin everyone can survive for the crisis i think. It will improve the currency that we use now adays.

For now the economic change by bitcoin is not  alot yet because the implementation of bitcoin still not a lot yet, the one that change is the people's economic not the country's economic, but in the future I think crypto will change a lot of sectors not only economic, and in the future, bitcoin will play important roles for the economic

I don't think bitcoin will change economy in a drastic way, because i feel that is the change you mean in your question, because economy is still based on production and distribution of goods, and bitcoin is none of its, bitcoin is still a tool to be used in economy or in economic ways, as a digital money, bitcoin of course i think will improve and strangthening the economy in general and global because its allowed people to have an option rather than just doing business with fiat money, but it will change the economy in a very foundation ways.

It changed economic already.
And many governments feared because of it
And just banned all crypto

Yes .. Because every person who bitcoin is able to help them in their country's economy. Their needs are met ... So we are thankful that bitcoins come in our lives ..

Bitcoin holders or those having bitcoin was considered as their poverty, so if everyone has bitcoin in the economic state all people getting benefits on it and it will solve the financial problem which is lesser unemployed people.
Bitcoin did not directly change the economic growth but at least it helps a little and makes people contributed not suffer for lacking financial problem which really helps us.

Nowadays bitcoin and other cryptocurrencies are can change the country economy that support them. Cause we are all know that bitcoin and cryptocurrencies nowadays can have a big impact in economy. Bitcoin.can lift a country so we can adopt them

I believe that only bitcoin can change the state of people for the better. in his power-to raise the country's economy and throw off the government from the point of control over financial capabilities. It's time!

Bitcoin is changing the world's investment trend, and it is pulling investors into the direction. Bitcoin is like an infinite gold mine, just for investors, investors can still make a profit. Bitcoin has become a growing trend among investors.

as of now we cant feel it, personally i dont have any idea on how bitcoin change the economy on my country but maybe soon bitcoin is one of the reason on a county to have a good economy.

Yes. Bitcoin can change the economy. Economy is part of the country. If need for other country growth. Check the country economy. Then easy to choose the best country and you improve your business process. Some people this economy is money. But economy is not money. It growth of country and country people. It connect the all country business process and help to improve the new business. So if people will be growth country also growth. So bitcoin help to people future growth.

For now we cannot feel it yet, but eventually it will help at least change the economic situation because bitcoin has given us a lot of chances to earn big or become wealthy. You just have to work for it, what are possible chances to earn more, and how to improve your ways everyday to maximize your bitcoin earnings. If majority will be doing so, then it will give an affect economic change to better.

At the beginning of bitcoin appear many economic activities that arise in the presence of bitcoin are: mined bitcoin, buy bitcoin at bitcoin exchange place and sell services or goods by receiving payment using bitcoin. If it is bitcoin cracked it has apparently changed the lifestyle of those who use it.

In my opinion bitcoin and other cryptocurrencies will change the international economy.But they don’t replace traditional national currencies.Bitcoin and other carrency are working on their own and the national currency is working on their own.Bitcoin virtual moneysso use it increasing day by day

Bitcoin is changing the economy through giving the people another way to invest and make more money.
Not all, look on how many countries ban bitcoin and that's their initiative of saying no. No in a way as in general for it's use, potential and possible economic change.
Though there are digital currencies or payment that existed before but it never made any noise. Bitcoin started to make its own name and this is just the start of digital currencies.

I think bitcoin can change financial of people. They can get alot income from trade in bitcoin or participate in bounty.

Definitely in my opinion,  it does changed my economy and I think it would be good for the countrys economy as long as it bitcoin manage by good government too. Well I'm saying like that because if you manage the bitcoin in good way you will good success tho.

If bitcoin kept itself in the decentralised mode for next lets say 3-4 decades then it could affect the economy of world badly as its prices and market cap will be huge one by that time which will mean only one thing in the future that bitcoin has gotten huge money flooded into it during this period.

However that is coming from the future but for now I dont think bitcoin is having any adverse effect on the economy as such. World total economy counts in several trillion dollars and thus in front of that number bitcoin's market cap is really tiny one.

On the national scale it might be just a scratch over the national economy. So may be it doesn't affect them at all.

Actually, bitcoin already started to change the economy of countries. But I think the main combat between bitcoin and old financial system will be in future. But today we can see something amazing, people around the world starting think freer (in financial relations) with help a bitcoin.

in my opinion bitcoin has not completely changed the economy of the country because few people know bitcoin. it takes a long time for bitcoin to have a bigger role in the economy of the country.

I think if government issuing bitcoin regulation, bitcoin can affecting on economy. Bitcoin can be an assets and government can issuing fiat money back up with bitcoin and bitcoin can be next gold

can not, no significant effect on bitcoin. whether it's when prices fall, or rise. does not affect the economic situation worldwide. because the bitcoin is self-contained and determines its own value, not depend of the other assets.

So far I've seen a lot of successful people from bitcoin, they can become millionaires of earned income from bitcoin. I personally have considered that bitcoin has changed many people for the better, especially in economic terms.

I personally strongly believe that, if Bitcoin can change one's economy, a collection or a country. it has been proven, that Bitcoin has reduced the unemployment rate. since there Bitcoin, the youths here who initially became unemployed now they are many who join bitcoin and Cryptocurrency to get the money. not just unemployment, even people who have worked too many who join in this Cryptocurrency World to get additional income, and can improve their economy.

Based on my analysis bitcoin can change into economic because the government had a other income in the same ways.

for me bitcoin helps in the economic need when someone participates in bitcoin to earn income and is willing to work in bitcoin activity.

It already changes the economy of different countries today just like other government in their area who does not want bitcoins to circulate on their community because most of the people will prefer to place their money on cryptocurrency more than placing it on banks.

I think bitcoin can change people's lives because it can bring happiness and peace of mind which financial needs is the number one thing. But changing economic world by bitcoin that is another thing which difficult to answer, it only matters to a country because they have different rules they abide.

Bitcoin is having a moment,really, it’s had a year. No matter if you think it’s a bubble about to burst, or hope your investments will pay back big in the long run, there is one clear takeaway: Cryptocurrency is changing the future of economic.

Of course it can change the economy system. There are many unemployed people who has diplomas and are sitting in their home doing nothing but waiting for their government to provide them with jobs. Bitcoin is a golden opportunity to help those people who are in need. Therefore, if the government allows them to use bitcoin; mining, etc... then half of people's financial problems will be solved and the economy will rise.

Look around! Bitcoin has already changed the much things in the finance and it is not the end because crypto technologies are developing very fast. I would not assert that bitcoin has changed something sufficiently in the economics and because there are macro economics parameters which affect on economics but bitcoin is not one of them.
Crypto technologies are very efficient so we may say that they affect on economics a little decreasing cost of payments and so on.

I think bitcoin can improve the economy of a country even very very help syatu country's economy in any field because bitcoin is a type of digital currency has a very high selling value

I think bitcoin can improve the economy of a country even very very help one economy in any field because bitcoin is a type of digital currency that has a very high selling value.

Probably bitcoin can help to improve our economy Bitcoin can contribute also the large impact in our economy, but Bitcoin alone can never change our economy it can be use as a tools to improve our economy and enhance the traditional way to survive the economic problem, one thing I know for sure that can contribute and change the economy is the technology we encounter today, we experience fast improvement in the technology.

Of course bitcoin can possibly change the economic of country. Society is form by the family so country have great numbers of family. Imagine if every family work for bitcoin then in due time the country will be an cryptocurrency. The economy will increase.

Bitcoin is more able to change the holder's economy, many people benefit from bitcoin, because bitcoin can be a lucrative passive job that is helpful to meet needs.

Bitcoin can change economy in smaller countries, but not in large ones. Plus country must be developed, not from Africa, because in Africa there can not be so many Bitcoin users due to lack of computers and electricity.

bitcoin has a big role in improving the economics of the world community especially in developing countries, although sometimes bitcoin is still considered illegal but the reality is not like that, and I'm sure bitcoin will continue to grow and popular in the future, bitcoin popularity can not be avoided worldwide using bitcoin

It depends on the country with the regulation that they imposed in bitcoin if the usage, trading and holding cryptocurrency is banned in a certain country then there would be no economic impact specifically on its people, some critics like banking and big personalities that bashes bitcoin see it as a threat having a potential to be a thing to a certain economy without their control.

It can help an Economy in many ways:

1) Government can get more tax because of people making profit.

2) Unemployed people can get a source of income.

I don't think that bitcoin will directly affect the economy overall, instead it might affect the economy of an individual, we of all people here know the advantages that bitcoin has brought us financial and how our lives improved by using it, not all people know about it but certainly if governments decide one day to use bitcoin as a currency that people can trade with than certainly the economy might see some improvements.

That's right, bitcoin can change the lives of the holder. Economically, the life of bitcoin holders is always on the rise. The luxury of his life is also sufficient.

Will as of now bitcoin is one of the reasons why economy is getting up or down. It's depend to the users if they use it for there daily financial. And also it could increase the demand a person. The higher the demand the higher the chance to increase the economy.

Bitcoin is giving the chance to anybody in the world to use a real online currency, no restrictions, no border, no discrimination.Bitcoin is changing how we move funds and make payments, it is the only payment method for lots of countries where visa, mastercard, paypal is not present.BitCoin, not just the economy, will change the world.

bitcoin will not change the economy of a country, maybe bitcoin will only help the economy of some people who choose bitcoin as an investment, currently there are still many countries that have not legalized bitcoin.

I do believe bitcoin have the power to change the economy. That is why countries like china is really trying to control transactions on bitcoin. Consider a person from other country earning bitcoin in that country and exchanging it to their currency and sending it to his own country. How will this affect the economy of the country if done in volume? So I guess this could really create such problem.

Bitcoin is not a magic stick but it is the vehicle faster and cheaper than the fiat payment system. It depends on us that how we are driving it with our money. I believe that it will definitely help us and indirectly to the economy to optimize the traditional style of transferring money and it will not only save our time but also it will save the cost and we can utilize the gains in other areas resulting in a higher output.

Yes it can bitcoin is such an invention it has already changed economics of this world. It has already awaken many people from the long dream of fiat and debt going around in the world. It has made even the governments think about the future of fiat. No wonder why all the major corporate gigantic personalities are talking about cryptos. Why every company is inculcating blockchain in its working by using an ICO or cryptocurrencies. I think bitcoin has already made a lasting impact on the economy which will not be forgotten until long. There is already 2-3% of the world's economic affairs going on in cryptos it wont take much time for this number to skyrocket.  

Bitcoin can change a lot in the life of a particular person, increasing its economic state. However, in general, this will have little impact on the economy of the country. Bitcoin is not a magic wand, with which you can solve problems on a countrywide scale. With the advent of bitcoin, economic laws are not repealed. If someone raised their economic position at the expense of bitcoin, then someone has to lose as much.

Bitcoin is just a means of payment, however with a volatile price so everyone uses it as an investment and trading. Same with other investment places, which will give everyone profit and even loss. I do not think bitcoin will have a big effect on a country's economy, bitcoin will be just another alternative to earn a living. At least with the latest innovations of a technology will make it easy for everyone who uses it.

Bitcoin has a huge impact on the economy of the country, if most of the people will prefer on investing in cryptocurrency then banks will lose their funding capital for the government and that is the reason why governments hate cryptocurrency.

For me it can and this is just a case of time cause if goverment will find a way to make taxes on every payment they could repair their economy in country.

Yes, Bitcoin can change economic.Bitcoin is a disruptive economic innovation that have the potential to revolution the current economic structure and change how banks and financial institutions.

I think bitcoin will benefit people. There will be a time when bitcoin will be used all over the world. I believe that day will come very soon. By investing in bitcoin , people earn a lot of money. Bitcoin will soon have a global economic change.

Bitcoin has the power to change the economic conditions of the world as bitcoin network has brought a revolutionary change in the financial industry and has digitalized the world giving a source of income to the people working in the bitcoin network and the price of bitcoins keeps on increasing due to the increase in the demand of bitcoins and making it more expensive than any other asset or precious metal as there is only limited number of bitcoins and the demand keeps on the increasing. Bitcoins has helped to avoid unemployment issues and poverty as it provide source of income to the users by doing freelance jobs and by providing products and services in exchange of bitcoins.

If we want a clear cut answer, than the answer will be, No not really. Bitcoin surely have some impact on the economy but it does not influence the economy. But we have to admit that, bitcoin surely help people to earn some extra to add on their financial condition. So we have to admit that bitcoin surely add something to our economic condition. But id does not influencing the economic condition of a country.

I think it can change a person's life but it can't change the whole economical situation. As for me, it is us crypto users who benefit and could impart something for our community and economy. It is us who can change it's situation because bitcoin is just a currency and it can't do anything about the economic situation.

in my life bitcoin has helped and restored my family's economy.
In fact I can also save the money I have earned for my needs later.
not only I who have felt the benefits, but a country can increase.

The reason why there are government who are hating cryptocurrency is because of the negative effects on the economy like people will prefer on investing in cryptocurrency more than placing their money on the banks.

If bitcoin can change people's lives from rag to riches, then it is just a very good reason to say that it can also affect the country's economy into a good one. Economic growth will be boosted by bitcoin and all other cryptocurrencies around.

why it would not be changing the entire economy? of course that it is doing it so. I am glad of being part of that, but we should take in consideration that bitcoin is NOT an investment, and many people is confused about that.

I believe that Bitcoin can change one's economy, because in Bitcoin we will easily earn money. Provided that we are diligent, tenacious and painstaking. we can easily earn money from Bitcoin by trading Bitcoin, Investment or we follow the new Altcoin bounty program. If Bitcoin continues to grow and gain a lot of trust from the community. I am sure, the world economy will increase rapidly.

Yes that's right. If people are willing to change their status in life and want to become wealthy, bitcoin can help to aim that goal. For me bitcoin can really help our economy because it can help to reduce the rate of poor people in the world. So I am sure thst bitcoin is useful in our society.

Yes, for me it can change the economic , it starts with the market price of bitcoin. Many people now, became rich because of investing ,trading in bitcoin.

Yes it would be possible that bitcoin will change the economy by simply changing ones life. If individual have a high economic status then u can say that their economy is progressive. One factor to say that economy of one country is very progressive if individual Cam never experience poverty.

Bitcoin can change even the world economics. Bitcoin is designed as a payment decentralized peer-to-peer network, therefore the impact should be in the field of financial system. For example, Visa and Mastercard already compete to the crypto currencies. They are forced to provide more cheap and quality services. Bitcoin is not just a trading speculative instrument. The positive general result of Bitcoin for an ordinary people consists in the controlling the bank systems which can't relax and commit a manipulative monetary politics as they did it before.

it's been proven today that many people are helped in the economic sector because of the bitcoin that helps them. I believe when there is an intention of change then we will be able to achieve it

One problem i see cryptos fixing ia the ability to make people spend their money unlike fiat which hardly appreciates because of inflation and other tax reforms that force people to spend less and if people spend less an economy can not grow but thanks to cryptocurrencies people tend to spend more of their cryptos when prices hit a new all time high which directly contributes to a countries economic growth.

Exactly people tend to save their money for investing instead of spending it for their leisure, however I don't think that crypto really change our economic stability unless government will acknowledge cypto as well that they exist. But it change individual's lives instead.

 Bitcoin can change economic. Because bitcoin has given us a lot of chances to earn big or become wealthy, that Bitcoin has reduced the unemployment rate. I personally have considered that bitcoin has changed many people for the better, to have a good economy.

I think not because bitcoin is just helping its users. Maybe bitcoin news about disrupting the economy is already scattered everywhere, but they do not know what bitcoin.

Bitcoin can change a person's economy for the better in my opinion, because that's the usefulness of bitcoin.

Bitcoin can have a really big impact on the economy. But the opposite is not possible, obviously. The acceptance of Bitcoin by the country and the fact that the investments are controlled and developed on the blockchain system will bring prestige to that state in the global sense.

Bitcoin has changed the economy.People are now trading with bitcoin and big transactions are being done through Bitcoin.Bitcoin can have a really big impact on the economy.Bitcoin has given us a lot of chances to earn big or become Affluent.Bitcoin has the power to change the economic conditions..

in my own perspective, i don't really think as of now bitcoin has really made a huge impact on the economy since i can observe here in our country that it has less popularity and not that fully legalized yet, but in some good reasons it helps citizens to earn and a chance to to change their lives as well as their respective income whether monthly or annual.

not only can change the economy but bitcoin can also help the government in overcoming unemployment and reducing poverty.

Of course it can, but surely we cannot predict it would be better, or worser than we have now. Used to be like that for hundreds years.

I think crypto currencies jeltthe economy. It gives the people a means to produce wealth and from this wealth the go out and buy stuff and even have enough capital to set up their own businesses. Crypto currencies actually enriches the economy. But then again I'm no expert about the matter

I am persuated, that bitcoin can be highly beneficial for those who will use it properly and take control in wise way, not just forbiding it like many

I think it will give people more power economically and that will bring economy freedom for the present generation , it's something that's very difficult to attain because we are being controlled by government banks and politicians no matter on what topic .. there is no actual financial freedom or whatsoever.
I think through this decentralized exchanges people will be able to actually get liberty in that respect.

There is no doubt that the role of bitcoin in the economy will continue to increase, with the current marketcap of more than $ 190 billion, the economic potential for bitcoin development is enormous.

In a bid to salvage the future of the economy, a lot of financial analyst and experts have proffered solutions in the Cryptocurrency markets. Now, you can see the high influx of people in Cryptocurrency. It is believed that it is the future markets and trust is building up in it too. At the moment, much earnings being made from it is pumped back into the economy of the country and also improvement of the citizens' welfare.

That is hardly possible mate. Worlds economy is differs and it is decided by various mega factors like trades between two countries, world war, civil war, development of the country itself and businesses leading the worlds etc etc. This is completely different than what we do in the crypto currency. This world is like a scratch over the earth crust and it is too less to affect the worlds economy. It may affect the nationwide changes but not the whole world. Believe me it could get affected if stocks changes into the crypto exchanges and government allows the trading of commodities against the crypto's. Then we can see some connectivity in there.

The incorporation of blockchain technology into day to day practices within large multinationals has already stated, with the finance sector is the quickest out of the blocks, getting into the hype and down to business.

No, we cannot and shouldn't attempt to change the economy with crypto or bitcoin. Let the majority of people stay on the safe side which is the fiat; and WE (the cryptosphere) should enjoy the perks of anonymous transactions and tax free living. If everybody, the global populace, would be using bitcoins - then you shall expect your government to regulate it (which I don't feel agreeing with) - that's why I wanna keep it lowkey.

The goal is to make bitcoin crawl over the mainstream, and let the real smart people enjoy the benefit of it; the sheep and the noobs shall remain as is.

because bitcoin has been widely proven that income from bitcoin results is helpful to cover their economic needs.

I cant see any impact of bitcoin in economic performance , I think economic perfoamnce are based on the company that is in or within the country and the laboreres and businesses as well as the gdp or gross domestic product or any other kind of transactions like that , But interms of bitcoin , I think it has no effect on the economy , I dont know if Im right but I just wanted to give my opinion regarding this matter.

Yes I think. If bitcoin will continue to become decentralized and then the government form of leadership will annihilated bitcoin can surely be a helpful tool to the economy. Because even without the government management as long as the community has its own way of living to survive economy will not be a problem.

In my opinion Bitcoin can do many things and can alter the already existing systems in the economy. If Bitcoin is allowed to expand farther without any restriction, it might even change the banking sector in a country. Being a student of economics, I am very excited and optimistic about the future of Bitcoin as a leading currency in the world. Lets hope we move to the next level.

possible by Bitcoin to change the economic. Maybe yes maybe or not. Not everyone because bitcoin has not been totally aware of most of us. The only real thing here is that their life will change their knowledge of bitcoin and earn money through it.

Bitcoin is useful when importing goods from China to Russia. For the goods are paid with bitcoin, it is very convenient for the importer.

Not change that totally changes but on some ways Bitcoin can help everyone and also the government to improves our economy like on the currency matter, payment issues and other concerning money, it helps make the transaction faster and smoother for everyone.

Bitcoin is changing the economy of the world because it has created a more efficient and faster circulation of money. It has also generated jobs for people who are at home, student, and jobless people. More companies, shops, websites, and other online stuff are more alive than ever because of bitcoin. It has opened more doors for people who are struggling to earn money. Though bitcoin still has flaws. It will soon be flourished us time goes by and innovators of bitcoin make bitcoin better for people who uses it. Bitcoin really is a miracle and a revolution to the world.

Hell, Bitcoin will revolutionize how financial transactions are done every single day. The bank and the government must be able to find a work around crypto currency and be able to adapt to each other. Otherwise, there is a chance that banking industry will be taking a good hit on their revenue. When this happens, the flow of money will most likely be disrupted and so will the global economy.

yes, Bitcoin can change the economy, but people are not evenly familiar with bitcoin. as a legitimate means of payment may possibly have a good impact on the economy

In my opinion, since it's volatile it can change the flow of the economy. If a lot of people use bitcoin in their country, there will be changes, it might be positive or negative. Well, it depends how will bitcoin flow, if the price is high ,then it will be a benefit to the country's economy, if the price is low, then it will be a burden to the economy. I think the economy will depend on how the price of the bitcoin will turn out.

It is posible that economic will be change all because of bitcoin . When time comes that the value of bitcoin arise then thats the time that it will help the economic also to arise.

I'm already see so many peoples have change their economic because of bitcoin. but not everyone because of bitcoin has been totally change their economic.I think the economy will depend on how the price of the bitcoin will turn out.

Obviously will be best.  I don’t find the accurate reason why people asking again again same kind of Question? Don‘t they see the real truth about cryptocurrencies or digital currency? Do you ever see the statistic how many people are involved in the cryptocurrencies? The static show that, the percentage of involving in digital coin is high and the amount is also increasing day by day? The only because people have minimum faith and they want to be rich. Most the user accept that it is easy to become rich by investing in cryptocurrencies because they have no knowledge.   
If they have knowledge than its rather help to be rich so fast than the previous condition. So when any company share of business than there have lack of chances to fall down or loss the investment. I can’t many some unique fact that helps to sustain in future also to be great. So there has no doubt the future of bitocin is bright. 

Bitcoin has been changing economic situation for many people all over the world. That's why it is getting a lot of attention recently.

some countries may indeed already implementing bitcoin for their country. and indeed many things related to the economy starting with the replaceable bitcoin. so it is not a secret anymore if bitcoin can substitute for the economic system in a country. However, there are still many countries that also have not made the policy of bitcoin for their country. many reasons things are certainly at risk and should be a consideration anymore about bitcoin.

I think Bitcoin is the most popular online currency currently in use. And as the day passes, the increasing use of Bitcoin is increasing. Over time, many people are joining Bitcoin, and in various ways, by making money from Bitcoin, economic changes in the country as well as economic change of their lives. It can be said that economic changes are possible by Bitcoin.

Indeed bitcoin has an impact to change the economies of some countries if they start receiving bitcoin. But bitcoin has helped a lot of people whose economy is not good enough.

Bitcoin may change the economy in the future. Right now, Bitcoin already has few impacts on the economy. In the future, I believe that bitcoin will play a more important role in the economy so that it can make our world better. I believe that bitcoin can change our world a lot and bring us a greatful future

If I think the bitcoin is getting to improve the economy both the economy of the community and to improve the economy of a country because with the bitcoin people can earn enough income in bitcoin and if society is good in economic terms then the country will also be good in terms of economy.

It is changing the economy from the ground up, keeping everybody in line and accountable. If not, people will opt into the Bitcoin network and favor transparency. Yes because it holds people to a higher standard now. I believe all economies have already been radically effect, the day of that infamous whitepaper, but the changes themselves are yet to be seen. I believe we will see a shake out in the next 5 years that will highlight how the future will look, with Bitcoin being involved in nearly every society in the world (apart from tribes and remote villages).

It can, but it is not something easy to do after all, a lot of people are saying that decentralization or any other thing in here is achiable, but we all knwo that it is not something easy to achieve, it involves a lot of stuff

Even now a lot of people including me are agreeing to spend money in bitcoin than placing it in banks.  Everyone now agree on buying bitcoin than putting money as saving for future as they knows it is saving and earning both at the same time,. While using saving as money in banks will grow as nothing and profit will be almost 0% so our societies now need bitcoin to become better and safe as investors.

Economy will only change if Bitcoin will be taxed. If people hold bitcoins and do not even care to declare this as their assets then economy will still be stagnant. Growing economy will be reflected by a growing nation, since Bitcoin is a digital currency then it can never be considered as a valuable asset from a country.

I believe so.But it would take a long time to make this happen.As long as people are now gaining an income out from these cryptos that made the rate of unemployed people lessen,then hopefully in the next years our individual's economic will increase.Poverty will soon to be minimized in the country and with the further existence of bitcoin and its users,i think it will lead to a more positive result in the country's economic.

I think bitcoin will not change the economy. Bitcoin is just a digital coin. Bitcoin is not an international currency. Many governments are stifling the development of bitcoin.

as in my country, for them krypto can also help the economy of our society better than before, because for them krypto is also easy to use to get the benefits.

there are some countries that are already doing the legality of bitcoin and in the country proved to be a change. in my country there is a big impact from the presence of bitcoin. making people have new jobs to do

I think it has an impact but not directly to the economy but for the people of the country to use bitcoin for their own advantage. It can be a tool to somehow save yourself for being unemployed by taking the opportunity given by bitcoin or cryptocurrency in general. Many people here are now aware of the existence of btc and still the number are increasing each day because of the hype of cryptos that you can make money through it. Its just sad that some people dont even think the significance and purpose of bitcoin and just go with the flow in the current trend without proper knowledge.

perhaps bitcoin can change first through its citizen, reducing un employed and helping those who have no jobs at all. those who earned bitcoin can help their comminuty create a job for them and the cycle goes on its like paying good out of the good things they recieved..bitcoin can help each one make their dream come true.

Of course, but bitcoin is not a major factor in improving one's economy, because not everyone knows and uses Bitcoin. But bitcoin makes new work for its users, so do I.

Tax is the a way that people contribute for the development of the economy of one country.  As high the earning of bitcoin,  it is the responsibility of the society to pay the right amount of tax because there will be no development if we cannot help each other also it is for our own good and the country. 

Bitcoin can make changes but it is not totally change of the economic but the possible flow of the economics only because it can implement the blockchain which can make the transaction safer and transparent at the same time which is a great thing to have for a transaction system which people can check if there is a fraud or not.

Bitcoin is a good way to change someone's life. In terms of changing the economy of one country, there may be a little impact because only few people in one country are involved in bitcoin. Likewise, crypto currencies are not regulated by government meaning, there is no contribution in terms of taxation. Unless, people are paying tax from the crypto they gained.

I dont know if bitcoin will change the economic state of a country.As of now in my country they accept bitcoin in the Economic Zone.If it does harm then why those private sectors embracing it?Then for sure the government is fully aware of existence of bitcoin but they dont take actions unlike other countries who banned bitcoin.

Even if bitcoin does not become a currency for everyone to use and understand, it will still affect the world economy. If bitcoin became widespread, respected and legal, it would force everyone - all central Banks and Banks - to reduce their costs to remain competitive.

because a lot of anthusiast bitcoin can change economic, it will definitely serve as alternate currency/asset for a long time.

It encompasses all activity related to production, consumption and trade of goods and services in a country.

I think for all the people have not been able to help its economy, because there are still many who do not know about bitcoin.
but for me, bitcoin is a tool that can turn me from poverty to simple. can change from unemployment to having a job.

I think it is depends on what country's the bitcoin developed. We have more opportunities that makes our economy to change. Bitcoin serves us a new bridge into another point that helps us and our economic growth, eventhough this is not totally link on the other countries people makes a step to being this changes in the whole world.

I think the bitcoin only changes the individual economy because the ones using bitcoin will gain enormous profits and change their lives from poor to rich

one of the things about the effects of bitcoin on the economy is that people can buy product goods and services with cryptocurrency,
and the impact of bitcoin in the future is the possibility of adopting its bitcoin in most of the world's nations because of its existence which began to be count in the world economy

Bitcoin can actually change the economy in some countries. But it will not change too much because everyone is fighting for profit in the Crypto market. How can I know that?
I read through an article about traders and Crypto. They say that if one becomes extremely wealthy after the rise of altcoin, one will go bankrupt because of the wrong investment.
Cash flows from one person to another.

                  According to my opinion I believe that Bitcoin can change the economic of a country but not directly . Many people are not aware of Bitcoin  it can reduce unemployment and help the jobless and can help  each one to make their dreams come true. It is the responsibility of the society to pay the right amount of tax to the government for the development of the society. Bitcoin can change the economy but not totally tax is the way for the development of a country.

I think we (crypto-enthusiasts and crypto-businessmen), wish that bitcoin change economic faster, but we should understand that major of people need more time for recognizing bitcoin and cryptocurrency in general.

Yes,bitcoin is big changed on economy because with bitcoin people can work at home and other worker can get a extra money and other country will adopt on bitcoin because of the safe transaction and easy to sell so that economy will change.bitcoin is big impact on economy because of the price is very high and people invest it so that people have a chance become a rich.

Whenever some other investments have less money in the funds, it makes the owners of those investments experience the loss since the price goes down.

I think that it is too early to talk about great changes but it is certainly can do this. In the future, it will change the whole perception of economics. I am sure that this will happen very soon because it is stupid to ignore the pros of bitcoin

As Bitcoin began its development, thousands of people appeared ready to invest in a promising project and the emergence of specialized crypto-exchange exchanges became inevitable. However, it took several years to form a full-fledged market. I think that yes, it really can now

Sure, bitcoin itself cannot just give the economy a boost but I believe its usage on a large scale will. It depends on how the government of each country accepts it and the regulations they put in place. As long as that is in play, I am sure there would be a lot of benefit for each government to gain from it, and that would give citizens the opportunity to make use of the chances available within the space to help themselves gain some great future. When the citizens are doing well, I believe the economy will be affected positively.

for me  I agree.It will be a great advantage for the people to have bitcoin in their lives because it can be a primary source of income in everyday lifes.however bitcoin can change or increase our economy but not totally.tax is the development of the country.

Bitcoin can change the economic gradually but cashless countries had already changed through bitcoin. Usually, developed countries are always more advantage than others. So, the good impact of bitcoin economics in the future is to improve the economics system.

that's true, since bitcoin provides a great income for everyone in the bitcoin forum, even it will be their economic supporters.

I think bitcoin can change the economy for the better because bitcoin can provide an excellent advantage for improving one's economy.

Bitcoin has changed the economic condition of the country but it does not matter. The developed countries are becoming more and more economically dependent on bitcoin. And on the other hand, the developed and poor countries can not use Bitcoin's opportunities.And the governments of these countries do not think bitcoin's work is acceptable. Therefore, I think that bits should be made acceptable to all countries and all people.

Based on the words of one of the economics ministers of a country and the experts "bitcoin have not had an impact on the economy of a country" so the possibility of bitcoin's impact on economic change is sure, just not for now, I'm sure if the ecomic changes due to bitcoin, the government will take serious action about the regulation, whether the regulation is positive or not who knows.

I believe that only bitcoin can change the state of people for the better. in his power-to raise the country's economy and throw off the government from the point of control over financial capabilities. It's time!

I think bitcoin can change and improve economic systems and governance in a country. but when the government is willing to adopt bitcoin and provide information and information about bitcoin I think bitcoin will be a field of business and will also improve the country's economy.

Bitcoin can heavily impact the economy of a country. If the government will impose taxes on bitcoin transactions, with the amount of money people are making there will ba huge taxes to pay and the more money the government will get. They can use it to improve their country. Just hope that government is corruption-free.

bitcoin provide several opportunity in order to earn money.if every people earn money from this world , i think much of them could be rich people.they can work as side job or as main job to gain more money.

I think Bitcoin can change the economy for the better. We may not see any significant economic changes as of now because, Bitcoin is still young and it cannot do magic but it can make changes for the better. Imagine the number of people who are no longer unemployed and can already earn from the comforts of their homes. Bitcoin has a lot of good things to bring and we can utilize it to ensure that we will have a better economic status in the future.

Bitcoin has been in our country for a long time but it does not change because our economy is unchanged and it can only change if people in a country are trying to improve the economy and must also help the government to change this.

In my point of view i think bitcoin have a positive impact on one country in terms of economics. The more people engage in it the more money would be cash out and flow into the economic stream. The more money people had the livelier the economy will be.

bitcoin can change one's economy because bitcoin can be obtained without having to spend capital. so that many unemployed take advantage of this situation, so that the impact on the economy in a country and can change a person's economy to be better.

as far as I know that bitcoin can change the economy in society, and it has been proven, from the first. because until now also many people who choose bitcoin and they also already feel how the influence of bitcoin. even bitcoin it was indeed able to meet the needs of the economy that is currently ascending.

I think that the impact of cryptocurrency on the economy of any country is not very high, but I can be wrong.

I do strongly believe that as people begin to earn from the Bitcoin/Cryptocurrency investments, the lives of the citizens are being improved and directly influencing the growth of the economy. But with the way the governments of some countries are going by banning of Cryptocurrencies, there won't be an effect for such countries.

Why not, bitcoin can change the economy. If many people have income from bitcoin then of course it will make their economy better.

I strongly believe in this point. Bitcoin can positively change the economy of country when the governments adopts it and utilize it fully. The returns will be massive more than the returns from the taxes they collect from citizens.

If something cause big in particular let me say a country either positive or negative, financially or not it does only mean that it could change the economy of a certain country, well, it will go to bitcoin ofcourse in terms of money talk. Somehow, some economic changes are possibly cause by bitcoin, and also I am not so sure and certain on what could be the possible impact of bitcoin in a community cause there are lots of possibilities.

I think bitcoin can change the economy in the form of individual non-state ... because there are some countries that still do not give legality to bitcoin ... banks and paper money remain a hallmark of a country

BTC has already shape the economy in my own life, and it changing a lot of peeps out there so what is economy if people are not satisfy!
Great BTC is a game change for my own economy!

It is possible that bitcoin are big help to the economic . Because the government accepting this coins and the government know the important of this after that government put a taxes to all the users of the bitcoin and the its big help to the community to improve the economics because of this.

I agree with you  , the bitcoin help some people and it can changing their life. Bitcoin are helped  many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.

You know guys, I think bitcoin also can change the attitude of people to money, the attitude to work, and of course, change the old financial system.

It is true that bitcoin can change the economy of society or for those who use it. My own little example, after I use bitcoin my life many changes, especially in economics and finance and I think they are the same with me and society also in economy and finance there must be a change.
and besides bitcoin becomes an opportunity for those who are unemployed to earn income.

Of course bitcoin can change our economy for all bitcoin holders and investors, a lot of people are taking the advantages of this new technology, as bitcoin is giving job for all unemployed people in my country, as for those who are living their life only with help of bitcoin investment and trading bitcoin shut only way to spend an amazing life full of income and earnings.

Yes, I believe that Bitcoin can change the economy of a Country. imagine if all people in one country has the capability or earning Money. poverty will be resolved. no Family will ever get hungry and homeless. But, it's still on every people of that Country, if they really want to work hard to sustain their needs or if they just want to be poor for the rest of their lives.

I think there are many reasons for the government to refuse to use Bitcoin rather than adopt it.
Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intent to regulate Bitcoin. Many governments may not like the idea of ​​not being able to trace the identity associated with the transaction, there have been concerns about the use of Bitcoin by drug cartels or incidents such as wannacry rations.

Bitcoin is something extra ordinary and that it is not possible for a common person to know exactly the nature of the bitcoin and the way bitcoin works. You need to study well regarding all this to know what exactly is bitcoin and how to make the best possible use of the bitcoin. Bitcoin can be very much helpful to all of us in helping us in having a better living but for that we need to polish our skills.

Bitcoin is money. Money influences everything

I agree with you

I think it can, but it should be a nationwide effort not just the individual effort of many, because at the end of the day, a few people can only do so much. Even if it seems that there are so many people venturing in the market, it can be said that it's a majority if you think about countries collectively. Therefore, if one government would fully support cryptocurrencies, then that's the only time it can be big so much so that it can affect one country's economy.

Bitcoin can gain economical situation of any those country who suffer from economical crisis, so their people should join bitcoin and also invest their money in bitcoin because they will earn much more money and that's why investment will make their future more bright and secure, so those country their economical situation is very low it will much better by bitcoin.

since the beginning of the rise of Bitcoin actually has been a lot of observing and following its development,
but in the last 2 years rising prices of Bitcoin has attracted the attention of the common people so as to make the common people who previously did not know Bitcoin to know what is Bitcoin.
a lot of new people are in Bitcoin and I'm sure the numbers will continue to grow, and the economy will go up as people enter Bitcoin...

I think bitcoin more than just money, btc started to change our economic and our vision how world economic must change.

I agree with you. Money influences everything on the planet. However, right now, it is hard to see bitcoin's impact on the economy. But in the future, I can ensure that you will see bitcoin become a major part in our economy, maybe it will become a global gold

No doubt that bitcoin will chance economy. The ecobomy will more faster grow if bitcoin will be legal on a country. It because he help more money to come in a country. The more money will come the more economy grow

You're right, and this is why government really study this technology because they see some good potential about this crypto. Many are now getting to get interest to adopt the technology. With its effect, economic growth will probably be affected like it will be more developed and many people will be given opportunities to earn more income.

Alterations are already felt at all levels. Two or three years ago, none of the financial whales were serious about kritpo, but now there are only dinosaurs like Buffett who are not able to understand that the world has changed simply because of age and fear for its privileged status

In order to keep savings in a certain currency, a person needs to be sure that after a while his investments will not decrease in value or will not depreciate at all. That is a fairly stable exchange rate in relation to other currencies is needed.
Traditional money is more stable in this respect than cryptocurrencies. Their insignificant fluctuations (by several hundredths during the day) allow keeping one’s savings in the medium term without any significant losses.

So, in this way Bitcoin could not change the world. It will not be a substitute for existing currencies, but it can form the basis for the updated currency system, which was not seen ever before.

I think that BTC will also change the world economy in the near future. We can see that the BTC is now widely spread and spread throughout the world. In the future my forecast is that BTC may replace cash, which is the main currency of the country.

The truth is that Bitcoin is not really an essential for economic growth in fact economy will still go on without it. But having this kind of technology is a great means of making the economy easily grow. Knowing how this waa used for transaction, it is a revolutionary idea making an economy gain greater benefit from the people.

I would not say that is the bitcoin will change the economies of the countries. Blockchain is able to do it. Unconditionally, the blockchain will change the whole world.

Actually, we also mean blockchain when we say BTC will change the economy. By the way, bitcoin will be financial measure in the crypto world and in economy general.

Economy of a country is more gain by bitcoin because some government can never provide proper facilities for their citizens and that's why people are cannot get best education and they live in poverty so bitcoin is very helpfull for them and their life will more change by this currency and economy of their country will more gain because government will work on other work of their country.

I do not think I can say that the bitcoin can really change the economy because there are still people who do not know how to use bitcoin or are still familiar with bitcoin. And I can not say because bitcoin is fast changing the value too

Yes, bitcoin can change economy in a way.
It can be an additional (or even primary) source of income for a few of the population that is able and have access to, which it can reduce the rate of unemployment. It can "take in" money from a country to another which is positive and may cause a change in deflation in the long run for the latter if consistent.
Though, bitcoin may not exactly be the coin that revolutionizes money as we know it or be actually adopted - no one knows what advancements people can come up with and who knows it might be better than the system of bitcoin.

I agree because it slowly won't affect that much in terms of economic improvements but will totally help people in a specific country  most especially less fortunate people like me that really needs financial freedom. It can only be seen like significant changes if Bitcoin itself is the main investment of the country , I mean fully adopted and legalized and is used as payment method. It will surely boost country's economy in a way of having a cashless society which every country is now eyeing to adopt.

Yes, I think bitcoin can change financial of people. If the people participate in bounty campaign or trade in bitcoin, They can get alot benefit.

This is what makes everyone interested to invest bitcoin, as we know that currently bitcoin investment is a very profitable option so with invest then we can get big profit.

Although there is no data officially but I am sure that the economic impact caused by bitcoin is so great that it is worth to continue investing into bitcoin, with bitcoin investment then we will make better economy.

the price of fluctuating bitcoin makes us get profit every price rises and with the profit we get then we can use for some purposes so that the economy becomes fulfilled and changed for the better, so bitcoin has changed our economy for the better

Bitcoin is a digital currency that ever heats up in the year 2017.
Bitcoin got the spotlight in various media at that time, because the price that had reached $20.000 both in local media and international media. Probably bitcoin's involved in economic change in society, but it isn't global because until now the bitcoin has not spread evenly throughout the community and only certain people who enjoy it.
It's impossible!, because bitcoin cannot be consumed evenly over the community and until now bitcoin can only be consumed by middle and upper class.

Bitcoin is really an amazing way of earning it helps you to reduce unemployment in our county and it helps those people to earn good amount of money even if they are at home, not we can start a lot of business opportunities with bitcoin payment as fast transaction, and getting money from bitcoin, gradually our country is getting rich and people are being employed as they pay tax on time and help poor and deserving people, so our economy is getting better with help of bitcoin.

Finite money and crypto-currencies are created for the exchange of goods and services. Each type of currency has its advantages and disadvantages. However, if dollars, euros or any other national currency can support the development of the economy, in contrast to Bitcoin, if it completely replaces the fiat money.

bitcoin can change the economic conditions and make the world economy greatly improved because everyone can make transactions between the world quickly and not too complicated, with bitcoin all transactions become very safe and all can be tracked because of transparent features owned bitcoin.

Obviously who would not ? I cannot personally remember the last time I ever approached the bank to make an international transaction either through western union, MoneyGram and the rest. Things have gotten a lot easier in paying merchants overseas for goods bought without stress of trying to get that done in the bank and even with all the limits placed by the banks.

Bitcoin is already playing a big role in competition with the banks and that is one of the things that so makes me happy and with things like this, I believe with people not being limited by governmental policies due to their own mistakes, I believe it would affect those who make use of bitcoin for transaction positively and if it is on a large scale, may help improve the economy.

The Fact to this day is that much of the people's economic change comes from Bitcoin ( eg people around me ). This change is real I see firsthand, where before they know Bitcoin in an effort to meet their needs is difficult, but now what they want they can accomplish.
I think with a small example that I experienced real in my life this can be trusted and followed by most people, so they can feel the economic changes.
And I firmly believe that if most people can feel a change in individual economic improvement, then Bitcoin can be an option to change our personal economic growth that will be followed by a country's economic growth.

I think that with the advent of crypto currency in the economy of many countries, it has changed them for the better, and we hope that there will be only one plus

For some peoples who hold bitcoin for long time, I think many bitcoin holder already change their economy situation. But in general, bitcoin or cryptocurrency can change economy as long government issuing regulation about cryptocurrency

What is going to happen? More money will be printed by the banks and the fiat's value will get lower.

For me bitcoin is already change the econimics because of the good price and people using it and become a good life.bitcoin is very changing on economics because People dont have a work can get a money by investing on bitcoin or joining a campaign and many people become rich because of bitcoin.

Many people join bitcoin becomes wealthy and if the person is wealthy they can easily put up a business and through businesses it can help make the countries economy grow in our country.

Bitcoin does not change our economy, it is improving our economy. many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country. But bitcoin would not be able to change the world economy. If bitcoin will be fully adopted, most of the people will already have a good opportunity to make their lives better to live.

Not only bitcoin can change the economy but altcoins too.
Because they are all cryptocurrency and people not only use or invest bitcoin.

About the impact of cryptcurrency there will be good and bad. The good is many will going to get rich.
And the bad is many government will try to stop Crypto because they see that it is money laundering

I agree and I have proved it. but bitcoin helps the urgent economy. that's my opinion.

recent bitcoin development is remarkable, with the existence of such digital money is very possible to change the economy of a country, including in Indonesia, because the ease and speed of transactions between regions will be very supportive with this currency. Bitcoin has helped to avoid unemployment and poverty issues as it provides a source of income for users by doing freelance work and by providing products and services with bitcoin exchanges.

I think its their personal situation that change and not the economy as a whole. One of the reason why I always promote bitcoin is that you can work online hassle free by accepting cryptocurrency. Unlike banks and paypal that gets large commission to your hard earned money, bitcoin is much cheaper on them. Maybe the effects of bitcoin is not yet seen uptodate but when the government moves and promotes it, it will give a new opportunity to all unemployed and underemployed.

could be if all the people know and know bitcoin, because if they already fully understand, it is not impossible that the economy will develop due to the development of business in the field of investment bitcoin or altcoin, I also think that the business is an influential in the economic development of a country

As for me, with bitcoin as a currency alone wouldn't affect the betterness of the economy but through our effort and something that we impart in the economic growth of our country. As we have this currency which changes our lives for the better , we gain a good chance to impart something for our economy.

There are different ways on how such thing like Bitcoin can affect an individual or a group of people especially the place where they are located to be specific in the country where they belong talking about its economic sector. I believe people are slowly getting aware that such implementation of using Bitcoin can do have an effect on their economic state which can be a good or bad thing to happen which depends on how people behave on using it. It can have a great impact on the economy of such country which is still unknown for the reason that the effect can happen correspondingly to the way people use it.

If we wish another economy, more justice and more effective, we should change our attitude between customers and sellers. Archaic bank system doesn't work more. And I think Bitcoin will help us to do hard changing.

if changing the economy everyone maybe possible, but if changing the state economy, probably will not happen. why did I say that? because  with bitcoin, my economy is improving, I have my own income, can pay my own school, and others. the more the bitcoin will get better, because there will be many people who will use it. bitcoin is very helpful for us to transact, and benefit us for investment.

Bitcoin can change the economy, it can improve the efficiency of payment, and the cost of paying is very low. Many altcoin now offer ultra-low transfer rates. I believe that the industry of encryption money is likely to be an important industry to change the economic order in the next ten years.

Bitcoin can change the country economy. It good future saving and people invest in the bitcoin. It time to acct. So people will be gather more information from bitcoin. Economy is important of the country growth. If start the any business in other country. First check the country economy then get more information of the  country growth. people will be growth country will be growth. So bitcoin will be help to people growth. It change the  people life. So coming future bitcoin will be change the all country growth.  

It still depend on the people one community. The economy will be changed if people will do anything for it that can make it and turn it into better. It is possible yes because bitcoin was really helpful to people, if bitcoin can changes ones life, it can also change the economy in one country. As the time goes by it was slowly developing and expand its usage which helps economy to be better.

If it will be added to the economic system yes it will have a material change in the economic, we just can't figure out right now because we are not an economist but it will have a great effect in each country.

You are right, but Bitcoin itself will never improve itself. But by using Bitcoin you can change your financial position and it will be possible to make economic changes in the country. And this is only possible when you use Bitcoin in different areas. As has been done in Europe, America, Africa and various countries in Asia.

Yes. I do believe that bitcoin helps in changing the economy of a country. This is because bitcoin is a very good platform to start earning and making money and anyone can start earning money by the help of it and can start earning money right from the scratch. This is because bitcoin provides many way so to start earning money. So bitcoin helps in making person financially strong and rich ultimately leading to increase the economy of a country.

of course it is possible bitcoin can effect economic in numerous ways but that is not actually important. The important point here is for how long will the effect stay.Like we know that when Bitcoin price drops it matters of how long will it take for market to recover its price. So it does not matters if it changes something we are modern humans we can easily adapt to simple changes and can also make the effect much more powerful if we spread the awareness of it. I Belive there are many people still now who do not have complete understanding about crypto world.

it's true because bitcoin is a very valuable asset to help the country's economy and its users. because there are so many countries and the use of it has been helped by the bitcoin in this world

You have picked up a good topic. I believe that Bitcoin can be improved by the economic change of a person or country. Bitcoin is now the most popular online currency for people. Not only that, many people have benefited from the use of Bitcoin and have been freed from financial problems in their life. Bitcoin is used as a medium of exchange for money in many countries of the world. Is not it economic change? In future, Bitcoin will play an important role in the economy of a country.

You know, I did international payment between banks yesterday. It was horrible, the recipient should wait min 5 business days! "Are you crazy, too slowly for 2018?!" I hope Bitcoin will help change economy, and first will be of course transactions between people.

Yes bitcoin is really gain the economy of a person and a country and that's why those people who cannot afford best education for their kids and they are really need food and cloths so government will manage for their life's needs because economy of their country will very increase by bitcoin currency .

Bitcoin wouldn't be able to change the whole economy rather than it'll improve the economy.Bitcoin really helps in many aspects of people's life,like those unemployed ones.Meanwhile,it is their source of income.

Day by day people who are unemployed are increasing even they finnish their studies. But somehow with the exist of bitcoin more people in different country where bitcoin is legal  it helps a lot to them to earn money. Bitcoin helps to improve  ones individual life on a society, it lessen those who are unemployed.By the near future bitcoin will be the best example on how it helps a lot of people despite of different negative news about it.

Well, I keep seing people thinks that bitcoin is some sort of job provider and it starts to make me bored how I tell them repeteadly that bitcoin is just a currency and the only things that provides the job to many people is the existence of blockchain based company, just so you know guys, bitcoin change nothing from economic point of view, the market capitalization quite low means really low people uses it.
That answers why there's maybe a change but really a little.

Won't be changing the economy that much. Everything will still be the same. Do keep in mind that economy is not totally depended on money/currencies. Most people have such misleading information like bitcoin will be able to remove poverty from society,but this is not true. Everything will remain the same no matter what kind of monetary system we use.

If a country legalize cryptocurrency not only bitcoin , the economic will change because more people will tend to trade, mine and create ICo project. In Japan is the sample. ICO in Japan now not only online project but also country development project by independence developers. Country regulate and control ICOs. More people will feel secure to trade, mine and do some jobs and receive cryptocurrency. Tax can be deducted from merchants who use crypto to trade products and services.

Bitcoin have a large impact to our economics but they cannot change it, because bitcoin and other crypto currencies help us to improve our lifestyle. Thru the jobs we can get in crypto currency community they were largely increase our livelihood style. However bitcoin cannot change the economics because only mankind were decided if they can follow with the flows of crypto currency or not.

I think bitcoin can change the economy. Bitcoin is the highest value electronic money. The bitcoin market is expanding around the world. Many companies, large corporations invest in bitcoin. Banks are considering accepting bitcoin. So bitcoin can change the economy.

Yes bitcoin can change the economy of every country because bitcoin is very beneficial currency for everyone who live in the world, so that's why their economical situation will more improve by bitcoin and that's why poverty will end in the future.

yes it is possible and it can be. bitcoin nowadays can change the economical state of the country that supported by bitcoin. it can help poverty. how ? it will gives us jobs. in that case we can reduce the number of unemployment. that is the good that bitcoin can gives to us. every citizen can be happy with bitcoin

Bitcoin surely can change the economy of e certain countrt. Specially if many of this people uses btc. And if they earn a big amount. In that case, they can earn and lessen the number of poor and increase the economy just by earning multiple times from btc.

it is true, bitcoin can change the economy in society, because bitcoi income a lot, but bitcoin price is now again ugly, definitely in the future bitcoin can add forward and victorious.

It doesn't completely change the economies of people in the developed world. but that little changed the economy in developing countries for someone who invested in ico, altcoin or bitcoin.

surely there will be an impact but not so drastically will end up poverty right away. but since bitcoin is too risky, it can boost or ruin the economy on an individual/personal level, when bitcoin was first introduce to all of us, it instantly become an income generating activity but on a person to person only, i knew some people who has made it big in bitcoin, but even we sum up all that people who are rich today because of bitcoin, it cannot and will not end poverty, it will not erase a country that is way beyond economically standard. it will help but not totally answered all the economic status of a country.

I believe if bitcoin can change one's economy for the better. with the existence of blockchain technology and generate digital currency in the form of coins, one of them bitcoin. we can get the coins without having to spend a large capital and can get big profits. that solution is what is needed for people who do not have money and are on a low economic line.

I think bitcoin can not change radically with our economy system. Our economy system controlled by central bank and central bank will oppose bitcoin because they dont want to loose control on money supply.
I think bitcoin in the future will be an asset like gold right now but maybe with technology development, i think its might be bitcoin can replace how we transaction and how to pay

bitcoin already started to change economy, lots of people change their investment model after cryptocrrencies,instead of,gold,dollar,house etc.

Yes bitcoin can change everything even the life of each and every person as bitcoin has the guts to turn the sorrows of people into happiness, bitcoin help people to live tension free as it gives then financial freedom, so I think it is the first step to change the economy and taking start from changing life of people,. bitcoin is improving the economy of the county even it increase the status of country as it made people rich and employed for earning an easy income.

Yes,bitcoin can change economic because bitcoin can develop the economic like the technology will improve the currency and people dont have work can get a money even at home because we can invest or joining a signature so that we can earn a money.

Yes. Since the BTC was born all payments became faster. The first is fast and the cost is low. Do not use a lot of tools and tools to support payments. Second BTC also generated revenue and raised capital in the market. This has helped many businesses, large corporations have abundant capital to invest in the national economy.

Yes of course bitcoin can change economic because bitcoin is a lot of help people when it comes to work, in bitcoin people earn big money and people change their life, so I believe that bitcoin can change economic.

We do not know for how long bitcoin is going to affect the economy, right now it's effects are very low since its size compared to the rest of the economy is not very big, however there are two possible outcomes, either bitcoin gains more popularity and becomes a major player that can affect the economy in a significant way or it begins to lose relevance over the time, since I'm here in the forum it seems obvious that I think that the first scenario is a lot more likely and if that is the case the value of our coins will increase dramatically and we will be able to take advantage of that.

I think the role of bitcoin is not important for a country's economic growth if majority of its population doesn't use bitcoin as a business asset or as a means of payment transactions, and so far bitcoin role in my country hasn't had a major impact on the country's economy and is still individualistic and this is because this country provides restrictions on the use of bitcoin that can only be used as a business asset only.
and if bitcoin functions can be maximized, so of course it is possible if bitcoin contributes to better economic growth
I think if bitcoin function can be used optimally and get support from various parties of course bitcoin economy will be better in the future

For me, yes bitcoin can change the economic state of some country or nation its because bitcoin is a currency and even it is a cryptocurrency or digital currency many people are now using it, and there are now establishment and company are willing to accept bitcoin as payment. Bitcoin helps many people regarding in money issue or source of income its because bitcoin is free to everyone that wants to use it or earn from it. Many people know thigs or act that bitcoin is an asset to them because the can profit a massive amount of money in a short period and if the financial state of a person increase or gross income increase it would help the economy. :)

Hi there Anamika143! I thought this is Miss universe question and answer portion oh I am sorry. So my answer to your question. Bitcoin can change the economy, but there are advantages and disadvantages. The advantages people can earn money on the bitcoin, if people are a lot of money, they will spend it. If they spend the money, they're a tax on every they transaction. Bitcoin help the economy to reduce unemployed. Disadvantages to economy if a lot of people put their money on the bitcoin more than banks their is chance to disappear the bank. If the people use the bitcoin as tool money laundering..

But it is great reqgret that all countries are not accepting bitcoin as legal currency. There are many countries where bitcoin is illegal currency. As bitcoin is the future money and it has a lot of sector so it is sure that bitcoin can change the economy.

even if we imagine that Bitcoin will be legalized, what will happen to the economy of the country if bitcoin has such huge fluctuations in price? I think it's still too early to talk about this, because Bitcoin's trust is very small and there is very little opportunity to use Bitcoin as a payment tool either.

You are right. we see that many countries that have accepted the cryptocurrency and use it did not change anything in their economy. BTC does not affect it.

Bitcoin can really help a nation's economy but indirectly. Since bitcoin is still decentralized and not legalized it can not interact directly with the economy but through the peoole using it then converting it to thae nations monetary unit then use it to build businesses and open labor thus, it really helps to grow the economy of one's nation.

However, it will not bring sufficient changes to the economy. Bitcoin will be simply used as the alternative currency. People that have it, make online operations faster.

Certainly. In recent years, we have seen banks in some countries cooperating with bitcoin, and some social networking sites are also planning to adopt bitcoin. I believe there will be more industries using bitcoin in the future.

Sooner or later Bitcoin will lead the country's economy. Because more or fewer governments have begun to take steps to improve the blockchain system. If Bitcoin can protect its value, we will come to a very different point in the future.

You have a point on that mate. Well, as we all know the capability of bitcoin which is really important and popular nowadays due to it's very impressive performance. I would there is a chance to change the economic but we must first consider the mindset of those people who always thinks negative of bitcoin as well as other crypto currency around the cyberworld. I believe that bitcoin will definitely gives big help to each and everyone of us in the future since many users really changed their way of living.

It can change the economic, yes it will and no doubt about that but it will take a lot of years before it will come, and it needs our full support if we really want that to happen in the crypto world. Things will happen if we will just unite as one.

Yes it can change the economic value in the country just like today, countries are really affected about the growth of cryptocurrency and because of that, government are just banning bitcoins in their area.

Yes, I think it is possible to make big economic changes in the world through Bitcoin. It is a digital coin that can change the future world to digitalize, which can save people time and labor. And people believe in this issue constantly.  :D

Bitcoin is still in its development may be currently only a few people who feel the economic benefits of Bitcoin, I'm sure in the future everyone will feel the economic benefits of Bitcoin, the economy will go up and there will be a lot of helpful people...

In my own personal opinion, it is possible that bitcoin could make big economic changes in the world because bitcoin is the highest value of cryptocurrency in the market that it gives people huge profit from their investment. Bitcoin also helps to lessen unemployed people in every country because they used it as a source of income.

I think that bitcoin can improve the life of people who are living in the society in a good way but government will be highly affected due to the decreasing number of people who are preferring to place their money on banks.

Almost every country is switching to bitcoin because it is good for them and they knows how fast bitcoin is growing, more popularity of bitcoin helps investors to get more profit and it helps people to earn money even for free by joining signature and bounty campaign, it is free earning no one will able to snatch your bitcoin, you will earn by yourself, bitcoin has decrease the unemployment form my country.

I think bitcoin could help a countries economy. It could help some unemployed individuals to gain through joining in bitcoin.

We all know that bitcoin has gained much popularity as the value of it started rising wayback. Bitcoin's popularity will surely play a big role on helping it on becoming the international currency. If ever things end up like that, things will surely change for everyone. It may be bad or good but no one can still predict but let us all hope that things would get better for bitcoin in the future.

What type of economic changes do we expect from Bitcoin when the major percentages of the Wordly Economies are yet to accept Bitcoin not to talk of legalizing it in one way or the other. But to those that had actually adopted Bitcoin, there can be a little growth in per capital income since most users income might have increased more than expected. We can wholesomely say that when the individual users of Bitcoin are doing well, the Economic growth and development are in one form been increased.

Bitcoin prefers to change the economy not only in a single country, but in changing the entire economic order in the world. while for different reasons the process is slower than we would like, but it is important to remember that the current system is in a deep crisis for the last 10 years.

Actually, Bitcoin already changing the economy, especially we can see that in finance. More and more banks want to implement blockchain technology in their systems of the transaction.

People who invest in bitcoin make huge profits which they usually use in buying physical assets. Taxes from these physical assets are all part of fiscal policies in every country. Besides,exchanges also pay taxes  that contribute to economic development in one way or the other.

Its not the economy that was change by Bitcoin it is the way how people live with Bitcoin, that it helps them to buy things they want, the things they needed, Bitcoin help their life progress a bit, before you saw a person riding a bike but because of Bitcoin now he has his motor cycle, Bitcoin improves somebody's life and in the future it will change some of our ways too, this is helping the economy of a country in small portion, not change but it gives progress.

Bitcoin is for all countries and that's why it is most popular and many people want to invest in this currency without any doubt and fear because they know its change the life of many people and today they live in comfortable life, so it will change the economical situation and that's why government will more interest in social works.

Bitcoin in nowadays can change ones economic status of a certain country that can be either a positive or a negative manner. Changes are possible in terms of using Bitcoin but the change can just be dependable on how people behave, perceive and use Bitcoin effectively for a good thing or a bad thing because the result always relies on how they will be adapting the usage of Bitcoin to take an effect on changing the economic state of a certain country regarding its people using Bitcoin. The impact of Bitcoin the future can still be dependable on how people are using it nowadays because future is just a reflectiom of what we are currently doing right now.

I think no bitcoin is just part of economy that contribute what must earned by people and its stablishment to be paid through taxes. It helps  people to earn daily and reduce the degree of unemployment sector.

No doubt that bitcoin will chance economy. The ecobomy will more faster grow if bitcoin will be legal on a country. It because he help more money to come in a country. The more money will come the more economy grow

Bitcoin can surely change economy of a country and all the economics rules will still use in the digital market. The guiding principals are not going to be changed and will not change as these are universally accepted rules and are the major lines of every other investment or business.  Bitcoin follow the supply and demand rule and also follow the graphing analysis on economical system.

if bitcoin is legal I am sure the economy of a country will change and bring it to success. the more that goes in the bitcoin field the more prosperous people will be because the bitcoin can meet their needs.