Bitcoin Forum

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

Bitcoin is exactly the opposite of what countries with a spiralling economy needed. Bitcoin is even more volatile than many hyperinflative currencies, it would be much easier if they just submitted their country to a foreign power for management, because obviously many of these countries cannot manage their own economy. Back to colonialism?

I don't think so. I think not everybody can fully understand how bitcoin works. bitcoin has its own advantages and disadvantages and I think if it can stabilize any country's economy level but I also think that it has negative side effects.

In the cinematic scene this would work, but in reality, it can't. Most of the people's adaptation is slower than the technology our brain can catch up.

Bitcoin as volatile as it is and decentralized or in an uncontrolled environment, humans are control freaks as well as the government. Only a few wanted a true freedom financially.

If Communism is humanely good that is obviously not, a bitcoin economic city can be built. But that is from 1 is to 10 % probability.

I'm looking at the topic strictly, whether bitcoin can stabilize a country's economy... I will say bitcoin has no business with that. The business it has with the economy is to grow wealth for those in that country who have invested in it. That can now transcend into wealth creation by the new millionaires who can employ, give financial aid to other citizens and that can grow her GDP.

In the past since Crypto inception till late 2017,Crypto currencies were not only ignored but also laughed at.But the cryptocurrencies were certainly and slowly adopted by a certain section.There are even facts that several Bitcoins were given to anyone in the initial stages who takes them without a single penny which was done to popularize and increase utility if Bitcoins.Very steadily Bitcoins came into the notice of various unofficial activities.Several Individuals and companies started accepting Bitcoin as payment mode as early as 2013.As the price of Bitcoin soared it started gaining popularity in various nations across the globe even in third world countries.Though now Bitcoin has taken some beating due to negative views.
With the advantages of Blockchain like decentralized exchange,security and recognition by people as never before the sale of Bitcoins and Altcoins has gone multiple times.As these crypto currencies grow the companies will employ more people,set up new infrastructure, buy office space,bring more efficiency thereby causing a country's economy not only to stabilize but grow.

Bitcoin is limited from an economic growth point of view because it removes the growth of money supply that most major governments enjoy. From an economic point of view it's clearly a short term negative but in the long run it's largely unknown and very subjective, personally I feel that if an economy had a non-inflationary currency in the long term it would be of great benefit.

The answe is simple, NO! Bitcoin is not a magic wand who would accomplish such huge tasks like stabilizing the GDP of a country or eradicate poverty from the face of the earth!

Also bitcoin doesn't have the power to replace the fiat system either!! It has just shown a way to do that in an affective and transparent manner! To replace the fiat system, the respective countries will have to come up with their own cryptos running on their own blockchain!

My opinion is that, it can probably help but not that big as we thought because based from the OP's idea everything should be under control. Bitcoin has a limited supply which means its value could probably be stabilize from the moment ot reached its number.

Don't think so. But a global currency that a country's bank cannot print, would be good. So governments wouldn't easily manipulate markets, they wouldn't have much power on inflation (I mean they need to find better solutions when they're constrained.)

Also tax is a thing. In crypto world, how would a government official collect taxes? You own your wallet and they cannot do anything about it. (however they can do things to your bank account) They may get taxes from your employer, but still, not every job has an employer. What if people work online and get paid in crypto? No taxes then. Don't know. There must be something we can't think of right now, and probably that option will happen :D

No doubt bitcoin has wonderful potentials but if we're talking of stabilizing a country economy level bitcoin can't do that due to fluctuation in price and what bitcoin will give is an opportunity to escape inflation and financial problem. Meanwhile, those stable coin we have in market can be use to stabilize economy level.

Bitcoin doesn't help the GDP because it is not counted in the annual GDP calculation in most if not all countries. From what I understand, bitcoin and crypto overall is entirely eliminated, so the real GDP of any economy is never out,as many factors are never considered because of many reasons. So you can never know if bitcoin helps solving economic issues or not. IMO, it doesn't. It can help a few citizens here and there but an economy wide issue is too much. Bitcoin's markets still aren't mature enough for that.

Before i will attempt your question let me make some clearification of what GDP stand for. The gross domestic product (GDP) is the total value of all the country goods and services produced in a year. And as the name implies, it is concerned with domestic production of goods and services. Bitcoin can only make significant on the country GDP if it is centralized in nature but that will be contrary to the main reason for which it was created.

The volatility of Bitcoin and cryptos for that matter is one of the limitations it has in standing in as a stabilizer in times of economic chaos. I don't think BTC has the capability of diminishing fiats, but has the capacity to work side by side fiats as a currency.


Absolutely YES, because it will increase the rate of economic activities as Bitcoin gets used as means of exchange for buying and selling of goods and services.

I think the answer is no, bitcoin never intended for stabilising country's economic, bitcoin was supposed to be used as currency, bitcoin could help people to get more income, but it can't be rely to solve economic problem, for short term maybe bitcoin seems can stabilize and help the country, but for long term it can create a serious problem

Factors that stabilize an economy are factors that can contribute directly to the economy. They are things like factors of production and not money, be it fiat or bitcoin.

For instance, entrepreneurship/humans can manipulate or interact with the environment which is God's gift, to grow the economy via ideas etc.
Land too as a factor of production can be used to cultivate agricultural products which are exported finished or raw products.
Labour also is very much useful. That is of different types, skilled, semi skilled and unskilled. They are all employed to see that work is carried out towards the growth of the economy.

So money is not included, also bitcoin.

Not really. Will bitcoin help in terms of easing Venezuela's hyperinflation? It's a big no.

It's simply not up to bitcoin, which is a currency, or a bitcoin community to be able to change what governments are doing with their monetary policy. That would simply make absolutely no sense in my opinion, especially considering that bitcoin is decentralized.

But bitcoin does have the potential to offer that stability to individuals who choose to adopt it. As it has a capped supply and is not controlled by any governments, it means that it's a long term store of value much like what gold and silver is and was in the past. Essentially, bitcoin can be offered as a form of wealth preservation safe haven worldwide.

1.  It being international currency will be untouched with the inflationary pressures of the country.  So one most dangerous factor which affects the economy of any nation can be made under control.
2.   transfer of money does not need any approval in case of bitcoin. so anyone will be able to transfer his funds to the country where he wants to install his business; so he will be adding to the growth of that nation's economy. 
3  Though the quantity of bitcoin is limited.  With the increase of demand of bitcoin the price will touch skies.  Problem of It's supply side will be resolved by number of satoshi it is having.
One bitcoin is having 100 00 000 Satoshi.  It will resolve the issue to great extant. 
4.  With the passage of time; further improvements; researches; people may succeed in further breakage of satoshi to lower denominations.  So IMO that it will resolve supply side problem of the bitcoin. 

We have taken the bitcoin too seriously because we all are into it and we want to see it on the top of world. But things doesnt work like that, it doesn't matter how much you love it and how much you often use it. What matters is, different decisions that are made by the government, financial systems and institutes within the country. Now why that is important ? Well if they approve stuff straight forward then the use could be more and more and over the time it can give a best shot at improving the country's economy level.
But, right now bitcoin is not at any position to cope up situation like that, it is all scattered and need to be mapped at single point so that we can see it coming back  to normal levels.

Maybe just a few stable moments because no one knows how bitcoin will go in the future, if the price goes up it might benefit the country that uses it but if it goes down it will definitely hurt it too. Therefore we must think twice about whether bitcoin is beneficial or detrimental to our own economy.

Lolz. It needs to stabilise its own economy first so that it can go ahead and help the country's economy get stabilised. With the ever growing restriction as well as failed attempts of government decisions crypto is ruptured inside out and people are very very confused about the current situation. They invest with fear in their minds and thus bitcoin is not able to cope up its own economical stress outburst. I guess it will take long time until bitcoin itself gets some stability in its base and when its use will rise with proper infrastructure around the world then things can go green for it and then may be we can think about its help in the real world economies.

as of the moment, it cannot, i mean, with all the crisis globally, and that bitcoin is not yet widely accepted across the world, it can diminish though like what you have said, but totally not gonna end poverty and solve the current crisis, there are so many factors that affect world economy but sadly, cryptocurrency cannot solve it, at least today, even cryptocurrencies are not yet stable to rely on.

The only way to do that is to make bitcoin as official currency of the world and let it intervene in the worlds economic circulation. As long as you see the bitcoin stuck over the blockchain with only use of holding, trading etc etc then it wont be contributing in the national economic development at all. It needs to be in circulation so that it can be part of the national economic model. Understand that all the product and services that are offered within nation are contributing to the national development or economy because they are taxed, and government use the same tax for the national developments. This is why we need bitcoin to be officially recognised before it can even make any movement for the national economy level.

I think it all depends on its usefulness. maybe at this time they will not make bitcoin an asset of a country. but, I am so sure that many countries are trying to exploit bitcoin for the economic interests of the country. well, not just bitcoin, they even develop blockchain systems for a country's economic stability.

A lot of people are not paying taxes these days. People getting paid in cash directly doesn't really submit an honest tax statement because there's no way the government knows how much you're making. Online store owners probably don't pay taxes because whenever you sold something to a friend, do you really add that to your statement? No. When you work online, it's quite hard for them to keep track of you since you are pretty much unemployed in their eyes. A lot of people choose to pay as little tax as possible because this allows them to be listed as an indigent person and they can get benefits from that. There are always pop up stores in the streets, not all of them are paying taxes.

The people who are regularly paying taxes are those that are employed. Even with crypto implemented, it will be the same thing since those records are going to be visible to the government while when you buy and sell something, that record isn't really visible to them. It's going to be the same thing.

tl;dr: People are not paying taxes even now. It's going to be just the same thing since there are transactions that aren't visible to the government's eyes.

Firstly, I wish to apologize that I shouldn't have asked this for "Bitcoin" alone but instead using the word "Crypto" or " Cryptocurrencies" would have made a different impact on everyone's mind as the whole question changes.

Now, with respect to all the mixed emotions and mostly saying that Bitcoin alone wouldn't be able to deal with the economy of any country, here are a few things I've concluded and I wish to put as my own opinion:

- Even being decentralized, Bitcoin is the first ever cryptocurrency that was introduced early and was adopted by many countries before, till it started showing signs of too much volatility which made it look more as a tradable asset instead of a currency.

- As Bitcoin emerged to be the fastest growing and highest return giving digital token, many countries also started accepting it knowing the benefits of it that having it in big number could really benefit the wealth of their country and as wealth grows, so does economy.

- After crypto's existence emerged, there have been a variable amount of jobs available in different genres (areas) such as blockchain development, token creation, project (ICO) promotion and so on. This also helped many people live a great life as due to the volatility of BTC and other crypto, people held them and received great profits in return. Getting a job to an unemployed in crypto helped too many people work from the comfort of their home instead of being sucked up in those 9-to-5 jobs where you're required to give each drop of your blood to that job. This allowed everyone, the freedom to work and as well, spend most of their time with their family.

- Last one:
As Bitcoin is limited in number, I believe that countries which will have the most amount of Bitcoins once it gets completely mined, are going to reap the most better profits. Now, how would this not be helping the country to grow their GDP as well as how it won't support that country's economy? I know everything here is hypothetical and can't be assured, but I'm only taking the possible outcome that may be seen in the future once this mining is done.

Bitcoin and countries economy is a contradiction. Except when the countries economy is failing like Venezuela, cryptocurrencies becomes the lifesaver. The whole global economy works in an opposite way of cryptocurrencies decentralized nature.

It depends on the usage though, and what exactly you mean with countries having the most amount of Bitcoins. If countries start controlling large numbers of coins, they have all the incentive they need in order to at least attempt to steer development in their preferred direction, which isn't really that much of a good outlook.

As far as the usage goes, we really need Bitcoin to function as currency, because the store of value aspect will stagnate eventually just like what happened with Gold. You can't endlessly keep banking on something that doesn't provide any real world utility. Bitcoin is the one that picks up where Gold stopped being what people thought it is/was, a currency.

The most important aspect to focus on is how Bitcoin will scale towards mass use, because as long as that isn't the case, there isn't much other than hopes and dreams to think about.

no it's not possible. because there is no production center. unless a country sells its own products, its economy becomes unstable. we can interpret it as foreign exchange.

Bitcoin will not help the countries,it will only beneficial for the people so it may do more hard when look in the terms of country's economy and it will decrease their income since there is no much taxation for them.And also it can't be used alone in a country since we have limited bitcoin so it will causes more problem than the inflation do so we need crypto curreny system not bitcoin system.

Personally, I can’t see the effects that crypto has on the economy of a country. I agree that it has an impact but I don’t think it contributes to a country’s GDP. But with what 1Referee has said, its true that bitcoin should eventually be given a real world utility otherwise it may eventually lose its luster.  I believe that bitcoin is still on the path towards becoming a currency, and many other cryptos may have the same potential. Adoption of the use of crypto as a currency have been underwent in other countries so its a good sign that there’s still some effort being made to utilize crypto as a currency. As technology advances, it’s quite possible to be see the expansion of bitcoin’s function as a currency in the foreseeable future.

I don't think so. Bitcoin and rather blockchain can be useful in many terms, but to stabilize and enhance a whole economy you need to take many more factors into consideration.

Not even 1% of population have "great lives", if you really think about it. That 1% is 70 million people by the way. Not even 1% of that 1% have great lives.

The real GDP may be effected, but its never shown, because no one counts bitcoin as a possible factor while calculating it, like I said before. Bitcoin or any crypto isn't taken account in GDP//GNP/NNP/NDP calculation.

If it was going to happen we would have seen it by now in Venezuela, Argentina and Zimbabwe. Though all three seem to have quite an active crypto scene, it doesn't seem to have broken above 5% of the population.

for now maybe it's still a very difficult thing for BTC to count in a country's GDP because there are still many people who don't understand btc in developing countries and the average middle class people under average still don't understand BTC at all, and in my opinion for the moment this money is still a very efficient thing and for btc itself it will be very difficult to calculate in a country's GDP because of its anonymous nature, but it does not rule out the possibility that in the future BTC can increase the GDP of a country.

To me it all depend on the market trend of bitcoin before it can really affect positively on the economic level or contribute to the GDP of any country, because it the market that determine the value of bitcoin at any time.

First of all I think for those countries that are subject to sanctions,bitcoin would be the best option to bypass them.Secondly, I think any country can benefit from the use of bitcoin.Options use very many.Bitcoin is the currency that is ready to help any country. 8)

can't, bitcoin cannot stabilize a country's economy considering bitcoin itself is still considered illegal if used for transactions in many countries, but it does not rule out the possibility that in the future bitcoin will be able to stabilize a country's economy

I think it depends on the price of bitcoin which will lift the economy from the one who uses it and of course the government has a big influence on the economy of its citizens. Therefore I think it could happen.

It us very possible for the bitcoin to help stabilize the economy of a country; especially the devolping countries. Though take example for my country, there is actually money in here but it has been kept within the reach of some set of persons who just move this with themselves. But I believe with the help of bitcoin and it's enabling power, a lot of the less privilege too would have gained more grounds to even help other needy ones.

I dont think bitcoin can be a national currency. But if bitcoin system adapted in monetary system in country, i am believe it will make economy more stable but with no fast growth. Its happen because bitcoin have limited supply

it could be because the exchange rate of bitcoin globally is the same, which means that every country has the same exchange rate. different from the dollar, where each country has a different exchange rate against the dollar and is at risk of inflation. if bitcoin is used as a country's currency, I think that country can be more stable in economic terms.

for this current situation it is impossible for bitcoin to affect the economic condition of a country, the impact of bitcoin is not too big for the country's economy, let alone the total of bitcoin users is not large in every country, bitcoin could improve the economy of the user, but to stabilize the economy of the country with hundreds of millions of people and millions of problems are impossible

Bitcoin isn't big enough to affect a country's economy. The amount of people who use bitcoin is a lot but we are all scattered. It's not one large community in a country but spread out in a multiple countries.

Bitcoin will be one of the most stable currencies in the future because of the set inflation rates.  Its unlike government currency where a single party can print massive amounts of dollars at will.

Bitcoin is a bubble. It is very difficult for it to stabilize a nation's economy. It contains many risks, the economy of the country can wade.

   The Bitcoin is just one of the indicators that would either help out one Economy of each country is the greater effect once this is totally accepted by the global market, The Country of each country still having some resistance on the the acceptance of the Crypto Currency Digital Market. We've seen on the news either on Social Media, Print or Broadcast Media the open discussion on Crypto market status of its price value of one coin. The good news Bitcoin remains stable even with the ups and down on the market trading.

So, you came out of nowhere and decided to declare it "a bubble"? You need sheer experience in crypto to even understand why is it valued even at these levels. Sorry if this sounds a bit off-topic, but Bitcoin is scarce in number as well a technology so smooth it helps everyone transact within a matter of minutes (confirmations) and as well, keeping the price high (based on demand and supply factor) helps it gain worldwide attention. High price is needed because it helps wider audience to transact small number of Bitcoins and gain large over their investments, and for new investors, it helps for them to hold a piece of this. Anything like Bitcoin that helps in gaining extra wealth has the power (to not completely turn it out) but at least help the growth of economy of any country. I know that if a country has too many coins with them, then the concept of this innovation to help everyone go digital and anonymous will not be fulfilled as there will be centralization. But having some part of it would really help whenever the "speculation levels" go high and everyone rushes back buying BTC.

In order to understand whether or not, you just need to try if there is such a country that agrees to the experiment.

No it can’t do that. And by the way Bitcoin is not what a country in such a situation needs. I believe that any country that is having economic problems, the only solution for them stop it is by working really hard and that’s in the hands of that country’s government to decide. The government is the one that can help their country out of such a situation.

I think bitcoin can make stability on economy. With limited supply, bitcoin is new monetary system and its revoluationer system. But i think country wont use bitcoin as their currency because they always using their own currency for their economy and every country have different economic condition

Well, the usefulness is there and that is for the fact that it can be used as a means of payment. Yes, one way or the other, it can aid international transactions, international trades without having to deal with the banks, over the years, people can even start getting well to do for themselves without having to depend on their government and in that case, we may see more jobs and so on.

But all these will only be common in a place where mass adoption was huge within that country, which is something we may not be able to see pretty much. As long as things are not in place within the country itself by the government, nothing will change in the economy.

Bitcoin may not do this. But when we think about crypto-money in general, it can definitely be a solution to a number of economic problems.

However, it is a fact that it is not easy to correct the economy of an economy that does not supply itself with another money.

 Will i think its depend on the country. It is true that bitcoin is really big help to make country economy grow fast. But if without coordenate and help by the government its useless. Economic can grow without bitcoin it is just depend on the people who leave in the country.

Bitcoin is not just some magic wand that would all of a sudden just bring a country's economy to a full blown state and it is all about the government, the people and the environment itself.

I wonder how people perceive bitcoin when they refer to the changes it can bring to the economy except for the fact that some who are early adopters in such country would get rich and then they will be able to have some pretty good life in the long run, and maybe put up business, schools and whatever to help the economy.

However, we should remember that in some places, a lot of people still live in penury, and while some live in wealth, so at the end, if there is no avenue for development from the head itself, nothing will change.

Everything will depend on the country where they want to use Bitcoin as the main currency. Nothing will help a very poor country.

It will of course if only it will be included in school  curriculum and countrymen will be educated on how it works and it's potentials. Adoption is the key for Bitcoin to help a particular country to stabilize it's economic level. Yeah Bitcoin is limited in supply but that doesn't mean we just stop there take note that it can be divided into fractions depending on it's value . I think there is no need for us to take fiat out of sight, for me having both assets will make sense.

Bitcoins can help those people how have no jobs. It can gives opportunity for poor people to make money by sitting home. Actually bitcoin is depended how we can use it.

Bitcoin is not here to stabilize any countries economy level. It is just a currency for itself and a decentralized one at that. It can be used as comodity if really tried but thats all there is no way to use it in a way that could stablize a countries economy.

Bitcoin can't even stabilize itself let alone anyone elses economy. I think for any country to get a stabilized economy they need to become boring in the way they make money, proper taxes and proper run without any hectic news like usa,venezeula,turkey none of that. Be germany, be boring but working. Bitcoin can't help you about it but you can use it to make a difference.

I agree with this. As far as I understand, bitcoin and cryptocurrency takes time to learn everything and 6 months to study on this industry is not enough. From how to convert fiat to cryptocurrency, how it will give you passive income, how blockchain transaction works and how to protect your funds against scammers really are complicated. Bitcoin will help fiat currency for faster money transactions but I also doubt on a fact that it could stabilize a country's economy level. As of now, bitcoin still facing big challenges on how it will be regulated and avoiding price manipulation so how it can help stabilize a country's economy level if bitcoin itself is destabilize?

I think not. It will always depends on the situation of that country and for also having the best resources they could have and to export it to other countries.

It can not only stabilize but improve the economy too. If it can improve the economy then it can destroy it too. Not paying tax can make government angry because if you don't pay tax how government make progress in our country.

I don't think bitcoin has a role in the ups and downs of a country's economy, because of its uneven use. This is evident in countries that have long legalized cryptocurrency

Interesting idea. I, however, also believe that Bitcoin is only able to quickly deregulate the economy of any country if it goes instead of national money. If it complements national money, as in Japan, it will be of some benefit to the state. Therefore, it is unlikely what state will dare to switch to the use of cryptocurrency only.

That is true that Bitcoin and other major Crypto are the opposite of conventional fiat/fiat currency. As we all know that the basis of Bitcoin is to diminish the transaction fee, it is obviously opposite to real fiat basis. However, it is just my personal opinion and I have no enough capacity to talk about this.

Yes! By reducing all issues of a certain country that will affect their economy and financial aspects. Like the unemployment in which this is the most common problem of all nations that if Bitcoin will help to reduce or eliminate the unemployment then for sure the purchasing power of their people will be strong making their economy to become more strong and stable too.

I think it can not have that ability. present
Bitcoin does not represent any country and has no special influence on any country. It is operating in different countries and the capital is shared equally for each country. Bitcoin needs to change the way the market works and some other issues can stabilize. There are too many organizations manipulating this market.

i think countries that have received bitcoin from start will have more benefits. because at a relatively cheap price the community already has a BTC. so that when the price of BTC has soared, the community is prosperous

The basis of bitcoin coming into play is not to diminish transaction fees, the main purpose is to sort out the issue of third parties and have a peer to peer way of transacting without the interference or the influence of any government, or without anyone ever being in control, which is contrary to what you will have with banks and this is the decentralization aspect we are all so keen about.

Can it stabilize a country's economy? Maybe, maybe not! I believe it is a good thing to adopt bitcoin by any country as that can of course help the economy grow if used and adopted on a large scale, but at the same time, like I always said, people should not think bitcoin is just some magic wand that would make everything revived and more part will still have to be played by the government itself to have a stabilize economy but it can help.

While you likely meant something different, it does raise an interesting point.

With how Bitcoin has always had a bias to go up significantly, I'm wondering if seized funds by governments will no longer be auctioned as soon as possible, but actually held offline till they believe it's a good time to unload them. It's very speculative, but it wouldn't surprise me at all. It could very well be that they're already doing it.

Last year the Bulgarian government managed to seize over 200,000 Bitcoins, but since then we haven't heard anything about it anymore. It's quite weird actually, especially with how it concerns such a ridiculous amount of coins. What happened with them? Is it a hoax?

https://www.coindesk.com/bulgarian-government-sitting-3-billion-bitcoin/

Currently, it can only improve trade relations. Its volatility is too high and can damage the economy.

Yeah, if we actually look at the way economic and financial policies made by the government has affected a lot of people nowadays, we will realize how it has not helped in anyway and the good thing with bitcoin is more like it giving us freedom from all those their bullshits they have been revolving around us depending on fiat all these while.

For payment purposes, for currency, for store of value, whatever you can think of, the benefit with bitcoin surpasses anything that has ever come out from the government. The effect it can have on an economy is enormous, if it can be adopted hugely, but at the same time, we also have to know that most part of the growth in the economy will still have to be from the government actions itself.

As of current environment bitcoin is looked at as an investment by many investors who work at the bank, wall street etc. It's hard to imagine how it can stabilitize their economy when bitcoin in itself is very volatile currency for many different reason. However, bitcoin can help with unemployment in some cases and create new jobs that may or may not improve the stability of any country's economy. There are other variables that you have consider that are not included within this system.

I do not think so but it can help each investor to earn. I have a confidence that BTC will be the largest gainer among all the cryptocurrencies and still buy Bitcoin.

Unfortunately the price of bitcoin itself not in stable face.The nature of bitcoin is decentralised, but it doesn't increase in huge value from long.Over a period of 6 months,the price of bitcoin in the lower end.After the raise of 17,000$ ,many had come in bitcoin trading.If the bitcoin is accepted through out the world,it will change the any country economy.

No, Bitcoin is not able to stabilize the economy of a particular state. In practice, it is the complete opposite of national money, and if the state switches to using only Bitcoin, Bitcoin will quickly de-balance the economy of any strong state.
The fact that Bitcoin has a limited amount can in no way affect the stabilization of the economy. Bitcoin is not at all connected with the economy of any state.

Possibly it can happend in my opinion, but there is a lot of problems that country should solve before getting a new main currency which could be disabling all other currencies that was national at that moment and replacing all transactions and currency payments to bitcoin

I think this one catches my attention, and this makes ne believe that money doesn't really play a major role in the growth and development of the economy of a country. Thus, bitcoin would not help any country to stabilize their economy. It woukd help people in a short term, but that would not primarily affect the economy where that people resided.

I highly doubt bitcoin will be able to stabilize a country's economy level. The economy of any country is made up of so many aspects, and the financial ecosystem is one aspect. To stabilize a country's economy, the main source of the country's source of income should be the focus if they need to improve the economy. IF bitcoin can have some kinda influence on this, it can stabilize the country's economy.

No, Bitcoin is just a cryptocurrency and it is universal to make stabilize the country economy it requires a good inflation rate of the country and the stock market is good that's the opposite of bitcoin do.

I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering

n my opinion, bitcoin cannot stabilize a country's economy because bitcoin or the blockchain system is only useful in changing a country's system, such as blockchain usage in the country's pirate body, it can make payments and transactions safer.

In my opinion, i think it would not really stabilize the economy level of a country because it has also disadvantage.

Economy has many factors it is not only one factor that can stabilize the whole economy but bitcoin can provide it's own shares and bitcoin is the best which makes individual happy and their purchasing power can can be strengthen through crypto currencies. Bitcoin is good for every one and for economy as well.

Bitcoin is not able to stabilize the economy of a particular state, in any case, significantly affect this process. If he goes along with the national money of the state, he will be able to bring some benefit to this state. He cannot replace the national money of the state. This would have a very negative impact on the economy of any state, so no state will ever do that.

For Bitcoin to stabilize the economy, you must first introduce it as the main currency, but given the high volatility, this is not the case.

I believe it's not literally the money that entirely affect the economy and even bitcoin. But this should be;
1. Investment
2. Land or resources
3. Employment rate vs Unemployment rate
4. Purchasing power

Government doesn't acknowledge bitcoin as a currency nor asset and this is not like a stock exchange that when it dump the whole market will be trouble. Whatever happen to bitcoin we won't experience as a whole the effect of it even a bit.

Bitcoin just help people and also can help out any government in some cases as well in terms of fast transactions as well as payment of loans which is common now in Germany as they are using the Bitcoin as payment mode of loans. Just like Germany and Japan other countries can also build and help grow their economies if they bring these precious coins in a proper use especially the Bitcoin.

Bitcoin cannot actually and those who are thinking bitcoin is just some magical stuff that would just bring about a solution to a country's economy, they are absolutely living in a dream's world.

Stabilization of economy has to do with a lot of things, which is mostly linked to industrialization and production within the country, the management of natural resources for the greater good within the country and how people are able to do well for themselves generally to a large extent. Bitcoin is just a currency and a piece of a puzzle, but not made to just provide a solution to a country's economy but can actually help greatly if utilized properly amongst other things.

I think the economy of a country depend on how well the government mange the resources their country can offer. Maybe Bitcoin can help but not that much as Fiat that is the most common used currency by every citizen.

Right, relatively speaking, bitcoin can't do anything to stabilised a country's economy because only a few can take advantage of bitcoin. So their economy won't move that much as expected. The only significant effect is through remittances, but not all countries have citizens who works abroad. So with that said, I don't think bitcoin can at least stir or even stabilises the economy of a country.

that's true, I agree with you, bitcoin can't stabilize the economy, but with bitcoin, a country's economy will be more effective and efficient because the transactions through bitcoin will cut the costs and time

In which will not really happen since let's be real here, the the government will not allow a crypto currency to be their main currency since it is not in their control. There will come a time that if this will be true, there will be a huge possibility that investors, particularly whales will be able to manipulate the price of it and will be having a great effect at that certain country's economy.

It is hard to explain that bitcoin can stabilize the economy level of that country because their is some bank officials examines the use of bitcoin and how bitcoin help to generate them and help it out in the economy , But I sure someday it can take it to government in this particular money exchanging to reach out the economy of the people that did they done.

It seems to me that as more time passes people want that bitcoin does more and more stuff, and bitcoin was never designed to do something like that, despite the great technology behind bitcoin, it is still a currency and nothing more, in the future once the price of bitcoin becomes more stable because it has been adopted by a lot more people and it has become so big that no player can move it as they wish, at that point bitcoin could bring some kind of benefit in the long term to the economy by having a stable currency that cannot be printed at will.

But since that is not the case then bitcoin is not going to bring a lot of benefits to a country as a whole, but it can bring great benefits at the individual level.

And really, that is the absolute truth. I wonder why a lot of people think money is the thing that would possibly save an economy. The definition of economy literally is the state of a country or region in terms of the production and consumption of goods and services and the supply of money as well as careful management of available resources. When all these things are not in place, there is absolutely no way on earth a country's economy will become good no matter how much they adopt bitcoin on its own. Bitcoin is not just going to be the currency that would practically just save an economy single handedly; there is so much to an economy.

Definitely it is not going to help the economy in terms of increasing GDP of any country because it is not a job or business opportunity so it still based on the government where the economy belongs but it can help many people to make money from the crypto business like trading mining or whatever we have.

In the context of satoshi's vision of bitcoin, it aims to change the payment system industry in terms of security, speed, and low transaction fee. But bitcoin became more than that as investment outweighs its purpose as a digital currency and through that, most of people's lives has changed for good. Countries also admit that their economy has grown a bit with the use of crypto so i think bitcoin is really helping one's economy than stabilizing it.

Right.Bitcoin has really higher chances to stabilize one's persons economy but if we talk of a country,maybe not.Bitcoin may be too young for that,it cannot totally change the whole country's economy but at least we can see changes already in each person's economy.

Yes.Bitcoin can make some people's lives change for the better because of the good income they can get from it.But if we talk of a country,bitcoin may contribute some progress but it doesn't mean it will totally make one's country economy be stable.

It would still depend on who runs the country and how he would be able to make use of bitcoin to somehow improve the lives of the people. Whether it would be fiat or bitcoin, nothing would be different if those in the position are greedy enough to use the funds for his own benefit.

As for now, bitcoin is somehow of help to improve the lives of some individual in their earnings from cryptocurrency and it would help them in contributing in their own little way to let businesses earn and improve the economic status of the country.

I do believe bitcoin have good system on monetary and i think its revolutionary. I am believe bitcoin system can help economic system and reducing inflation that always rising.

Bitcoin stabilizing an economy? I won't buy this idea. I think bitcoin can only contribute to stabilizing an economy but not making the economy stable alone. Bitcoin cannot stabiloze an economy alone because of its level of volatility. Bitcoin is not stable itself. What it can do is to contribute to an economy's stabilization once btc value reaches its peak.

cryptocurrencies are really important for economic growth and job creation we can see lot of new development mainly counties like India where there are more number of software engineers cryptocurrencies development will create more number of jobs

Its good to help many people who have no stable job yet have strategical idea on trading. Sometimes we just need to know if were capable on making this a job to help the economy.

It can even uplift a country's economic level more than stabilizing. Countries who knows this, have adapted it and have not captured this, are yet to adapt. Internal politics do play on Bitcoin's entry. They are hesitating to accept bitcoin as they feel that their fiat value would go down in the market if they adapt bitcoin so in their countries. But look at the positive sides when bitcoin enters is adapted. Citizens will have employment, Citizens' growth standard will grow up, when citizens's growth is taken care, respective nations' growth will be at ease. Nation's economic growth will be high and more outsourcing business will take place. What else a country need.

Stabilizing the economy of a country might be hard to do for bitcoin knowing its here to be a currency.But since most of the people treat it as more of an investment,then it can really make some changes in the economy level of some people but considering one's country already,i think it would not be easy for bitcoin to do that.

I believe it will. Take a look  at the countries that has a very high inflation as well as those unbanked. They're turning on cryptocurrencies to mitigate the negative effects.

Yes it can and it's currently used widely on countries with high inflations rates like Venezuela and Zimbabwe. Also, it will become most popular when people realize each country exports it's little piece of inflation each year to their foreigns countries  ;D

It can stabilize economies with a more transparent and easy to use cash system it's just that for now there is lot of challenges regarding scalability issues.

If bitcoin system implemented on monetary system, i am believe government can control the inflation. With controlled inflation, peoples asset not decrease on the value and it will increasing wealth

people that join in bitcoin, high percentage will success. i mean, they must know all about crypto, you must know about the point of bitcoin.
government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.

Take the example of Venezuela. Their fiat failed and where do they turn to? Crypto currency. I think crypto currency could be a stop gap as the market stabilizes and fiat recovers. But for a healthy economy with a healthy fiat, o think crypto currency could evem helo it more so long as there ia a form of regulation and or taxation involved.

I don't think bitcoin can help to stabilize country's economy level. Because if bitcoin have some advantages then it have many disadvantages to which can ruined the economy.

For countries that accept Bitcoin or cryptocurrency like the US, Russia, the country's finances are stable and secure.

for Venezuela they have no other way, by moving to cryptocurrency it is expected to improve their economy, but this also carries a large risk, considering not all countries allow BTC as a transaction tool

Currently, it will not help to improve the economy. There is even a danger that because of its volatility, it can disrupt the economy.

I think it could if a country has tax laws implemented to crypto currency. Because if not then it would just weaken a country's Fiat and woupd ultimately collapse it's market. Then again, if a country would opt to be exclusively crypto then it would be more fruitful for a country to just tax it so the country could have income from it.

If really many people start using Bitcoin, they will improve their life. Probably, it can be taken as an effect on the economy. However, I think only the government can improve it.

That is a negative notion for me because so far, those countries who adopt bitcoin and digital currencies area almost having the same testimonies that their economic growth is not hindered nor stabilized but rather lifted with the help of cryptos.

The volatility of crypto is due to the trading on markets. Honesty bitcoin has been very stable the last few weeks even if you consider yesterday's pump and dump. The average swing in prices is around 10% and thats not going to differ much for those who trade small volumes of crypto. If we consider an economy where bitcoin is the only source of money then volatility will not be seen in bitcoin but in other altcoins. In other words I believe bitcoin could be considered as a stablecoin in such a hypothetical situation.

I dont understand why people keep hoping governments to improve bitcoin. They wont because its not something they want. People should stop day dreaming.  ::)

Bitcoin is highly volatile and can not control by any one. Fiat and bitcoin and never live with each other. If you once use bitcoin you'll never use your fiat because its tax free and no one want to give any taxes.

We cannot really say things with just analyzing it without proper proofs. Thing may happen but it may not. But then it has a point telling that Bitcoin has negativity and positivity. We can say that there is a chance but then it night be good or bad. I comprehend stability when people do work and consume what they work for.

It will but not in this time because in many countries bitcoin is still not welcomed and it will take more time for such countries to accept and legalize bitcoin as their regular currency. When a country legalizes bitcoin the people will freely invest and trade in bitcoin and government will impose tax on bitcoin transactions. By this way the government can improve its revenue.

On my own thought, bitcoin can help to stabilize any country's economy level because people may exchange their bitcoin into a fiat currency. So, paying or buying goods (tax included) within a country can help a lot to stabilize once economy.

As what i have seen today and also you include the FUD, hacking, and stealing of Bitcoin through different exchanges, i think we will have to fix this problem first before proceeding to that question if Bitcoin really has the capability to change economic issues.

Let's not push things first because it will takes a lot of time to make the process with lots of trial and error before we could get the almost perfect answer for any country's economic crisis.

Besides do we really want bitcoin to stabilize the current economic system? We know the current system is rigged and all the benefits go to a small number of people that are powerful and that have connections with politicians and bankers, why we will want to keep the system stable for them? If the current system collapses I'm fine with that because that will give us a chance to create a better system that is fair.

In fact it is very likely that bitcoin is going to increase the instability of the system because as people begin to recognize that the system is collapsing they will try to find some way to not lose everything and while there is a strong possibility that many choose gold some will probably choose bitcoin as well.

I cannot see how. Not everyone have bitcoin, not all are knowledgeable on cryptocurrency and if incase they are, not all have the means to acquire. For your question to happen, the government has to accept, legalized, rule over and regulate bitcoin but it cannot be. Bitcoin is decentralized and it cannot be controlled by any entity so i cannot see a reason how. Not a country but to some individuals i believe it will stabilize them economically.

By investing money in bitcoin people will be able to make some extra money and when people have money, they will definitely spend it in their local markets and when money is in circulation the whole market will grow up and to the top government will face no financial hurdles. They can easily improve their economy and the overall country will rise just because of bitcoin.

I don't think it will work because bitcoin price movements will also never be stable so it is impossible to make the economy in a stable country, it will definitely have price movements and the ups and downs of prices will occur quickly if the bitcoin supply runs out of supply.

Yes and No because it depends on how countries handle or uses the bitcoin like many comments stated above I cant see how or when will this happen but who knows in the future bitcoin maybe the hope of some country to stabilize their economy and make it grows organically with transparency. 

That's difficult to say. Which economist can predict that would have my respect. But I feel that Bitcoin has a stabilizing influence for sure. Just remember the recent Argentinian inflation crisis when Bitcoin was able to help people who possessed it? This is what attracts me to the currency. It came to the rescue when nothing else did.

No I think not, Bitcoin is just a tool to do it, but the person who really can make their country and better way is their people in their. But I guess we can have less corruption when we use cryptocurrencies.

For me,bitcoin may stabilize a single person's economy level but not the whole country itself.It cannot be done just by bitcoin itself especially that not all individuals in a single country have known bitcoin and its proper usage.Yes bitcoin may be a good tool for improving one's lifestyle but for the whole country it might be quite impossible to happen.

I think this allows you to use an additional reason to attract the best minds in your country

Not stabilize but it has much power to improve the economy. Now days many people are jobless. They;re looking for jobs to support there family. Bitcoin opens some source where unemployed people can make money without doing highly invest.

Now this question cannot be answered, and there are many uncertainties in the future. In theory, cryptocurrencies will co-exist with traditional currencies and they will become friends. The traditional currency will not disappear but will depreciate. The US dollar may be one of the most depreciating currencies in the next 30 years.

Correct, bitcoin will help some people, people like us that have adopted the cryptocurrency when it was still cheap, it is impossible that bitcoin helps everyone because it is impossible for a currency to help everyone, it seems people forget some of the more basic elements when it comes to investing, one of the most basic is that not everyone wins, I would like that everyone could benefit out of bitcoin as an investment but that is not going to happen.

There are going to be some that are going to get the greatest benefits and among them the early adopters have been the ones that benefited the most out of their bitcoin holdings, while those that buy bitcoin out of desperation when the economy is crashing will not obtain many benefits if any.

Bitcoin can improve the economic state of a limited group of people, but I don't think it can substantially change the situation of a whole country. GDP is mainly formed by goods and services produced by the citizens while bitcoin is not used so heavily in specific countries so as to rapidly make its economy flourish.

If every person has a job then there economy will be improve and bitcoin is helping by providing them way where they can do do online work without going anywhere.

Its impossible. First of all not everyone aware about bitcoin or cryptocurrencies and those people who are aware about it they're not ready to invest. Government will never let people to use bitcoin due to there disadvantages and criminals activities.

Bitcoin will never be able to help the economy of any country. The government will not allow bitcoin to become the currency of the country. It will be a revolution in the economy and will affect only negatively. The government is trying to ban bitcoin and the cryptocurrency market.

I think it can show negative impact on economy. With bitcoin fiat will be disappear and the economy of that country can be destroy.

It is just that! Some very limited group of people who actually was able to see the future and could really key into it. For countries with very worse economy, bitcoin is not just some magical wand that would bring about economic changes to the country as a lot balls down to the system of governance entirely and in a corrupt settlement, there is just so little that the usage of bitcoin will even achieve when it comes to economic development and growth since just very few people will be stashing the money that belongs to developing the country for economic growth in their own pockets.

Not bitcoin but a cryptocurrency with right functions and with good agreements can be a stabilized cryptocurrency.
There can be a valuable asset of service behind it and there are a lot of way to make it stable.

Well, there would always be uncertainties in the future, but one thing for sure is that no matter the uncertainty, you cannot expect that bitcoin would all of a sudden be the solution to a country's problem or in its economic improvement. A particular country's problem has a lot to do with the government, and even though some very few people get to do well in the crypto space, that does not mean it would rub off entirely on the whole country as some would be left out somehow anyway.

Stabilizing a country's economy has more to do when it comes to industrialization, having some things in place for such in terms of amenities and so much more. Bitcoin is not what would be providing that; bitcoin can only help the user's economy personally.

This is the right position as I think. It will be weird to guess that Bitcoin or any other cryptocurrency can stabilize the economic situation in any of the countries.

It is too early to think so, maybe it can be achieved in ten years, when Bitcoin would be very expensive. This can only be achieved if the cryptocurrency is successful.

Honestly, Its hard for me to say wheather Bitcoin can really help the countries economic level. I just want them to see it to themselves if bitcoin can really help the economy if they will implement it but still they are banned and  avoid cryptocurrency but see the other countries who accepted it just research, observe, and analyze every countries you can see if they are improving or not.

It is really hard to tell if bitcoin can really stabilize any country's economy level because most of the countries don't recognize cryptos as currencies and most of them are not favor of it.

The governments are in no position to allow or not allow the use of bitcoin as a currency, people are going to do what it is necessary for them to survive and we have seen this in countries where cryptocurrencies have been banned and people have decided they will use cryptocurrencies despite the ban because they will do what benefits them the most, governments despite their best efforts to control their population will be unable to control cryptocurrencies.

If they managed their fiat currency and their economy in a better way instead of trying to take advantage of their citizens all the time we will not have any need for cryptocurrencies in the first place but since that is not what they do then cryptocurrencies could take over in the future.

There is only one way to not only stabilize but improve country's economy a lot, but that country must be small. For example imagine you have 5 billion in budget, invest that in crypto, for example in bitcoin and ethereum. Imagine country did that in the begining of 2017 year and sold them in winter, for example when price was 10000. Imagine how great profit it is for budget. Maybe what I talk is very sci-fi or fantastic but I wrote that as an example and maybe won't happen in reality too. On another hand there is no way crypto can increase economy, if you turn in crypto world, offer cheap electricity for mining, integrate blockchain systems in everything, then who knows, maybe yeah.

Bitcoin is not stabilizer to any country's economy at any level. Instead, bitcoin is an enhancer which other countries claimed that bitcoin has enhanced their economic growth as compared to some other years.

In my opinion, all that can happen as long as we as bitcoin users can be good at processing it. Stable or not the economy in a country in my opinion depends on how its citizens respond to and process their economy. Bitcoin can be utilized and provide benefits for them if they are right to invest.

you are right with your opinion and I think it needs a long process and time to be able to make cryptocurrencies the stable point of the world economy and I think it is very difficult to shift the real function of fiat currency

I do not know if what you are suggesting will be allowed by the law, since in many countries there are laws that forbids the governments to invest in volatile instruments, also the amount you are suggesting of 5 billion is simply too big, the investment of such a big sum will move the market and if they tried to sell they will move the market as well but now they will move it down so it is difficult to tell if they will get any profits.

Also you are making a very basic mistake that many investors make and that is to assume that everything is going to go according to your plan and you will obtain profits, as long as you are investing there is always the possibility that everything goes wrong and you lose money, and that is unacceptable for a government because if that happened the government could face bankruptcy.

Yes.Looking at the current situation,fiat currency would be hard to replaced by cryptocurrency,but with its mass adoption in the future,cryptocurrency may become a reserve currency.I think bitcoin cannot totally stabilize a country's economy but it will be a great help to the people to improve their quality of living.

I don't think so, but bitcoin probably can be one of supporting factors to increase the economic levels of country. The economic improvement or level is measured by several factors such as the national income, national products, job vacancy and positive improvement that tends stable and continuously improve.

Bitcoin can contribute to make the economic stable while the users or holders of bitcoin is convert it to the real fiat then use it for purchasing national products. It is automatically support and boasted the purchasing power.

Cryptocurrencies are one of the most volatile currency and fluctuate rapidly than the fiat. To stabilize an economy, it need a strong currency that that could withstand any kind of econmic challenges. Bitcoin, even if it is legalized by the government and become a common currency of a nation can't stabilize economy because the virtual currency itself is not a stable currency.

In my opinion, bitcoin can not function to stabilize an economy, it can only increase its GDP by allowing investors to make more money. However, because of its instability, the stabilization function of the economy seems to belong to stable currencies other than bitcoin.

In my opinion, Bitcoin has no influence on the real economy of a particular country. It is created as a virtual alternative payment system. The emergence of such a system increases the usability of money, but this does not directly affect the state of the state's economy. The economy needs production of real goods and services, and Bitcoin itself does not affect their increase.

Bitcoin can be helpful for the individuals to increase their economy so which may cause their country's economy to grow but I don't think all of the people will be profitable from crypto investments.And then if bitcoin was converted into fiat for purchasing it won't be helpful for the economy so the bitcoins needs to be used as it is.

I personally dont know about what happened currently with Venezuela, but as far as i know, they used crypto currency when their Fiat fell. They transitioned to a cashless economy so that their Fiat may recover. I'm guessing they actually recovered because crypto currency actually gave it a respite.

It should be understood that in addition to the advantages of cryptocurrencies, there are drawbacks that must be taken into account. In order for governments to start using cryptocurrencies for the benefit of the state, it is necessary to carefully plan and conduct a competent economic policy.

everything can possibly happen for now what might happen while many countries that do not agree to the existence of crypto currencies enter their countries how to stabilize the country's economy

Yes! from my own experience it really helps a lot and this new evolution will take time to be understood and accepted, as you have mentioned. I believe it will become mainstream sooner than later. When we went from the Industrial Age to the Information Age, most of us probably visualized computers as a fad. As things progressed things changed rapidly. This new technology changed the way we manufactured things. We developed robots and these robots replaced workers on the assembly line, we stored our data on disks instead of paper. Information Technology required us to adapt to a new way of doing things.

Bitcoin can do a lot of things as long as it stays faithful with its original white paper, but considering the present market manipulation, it could only bring chaos so it needs order.

economic stability is based on good economic growth and good government control of domestic conditions. what if bitcoin is adopted in a country, even though the country cannot control it, what actually happens is an unstable economic situation.

I think Bitcoin is able to stabilize the country's economy because Bitcoin and other cryptocurrencies are designed to be able to withstand economic turmoil. This results in a more stable asset value are not affected by the wishes of central authorities such as the government or banks and protect the integrity of savings and transactions. If you think of fiat currencies, you see a change in value that is crazy because the government can print whenever they want, but it happens instead with crypto and because the value continues to grow.

Paper money may be affected by economic turmoil, for example the government may print more paper if needed. Bitcoins or other cryptocurency are not, they are designed to withstand economic fluctuations, so it is able to stabilize the economy.

Bitcoin is a unique currency, and it may affect on the economy level. I think when the government of any country accepts cryptocurrency, it immediately affects on the economy level of all the people in this country.

The current bitcoin has been unstable in the face of a recession. Evidence that it has dropped from $ 15k to $ 6k5. Now is the worst time. I hope in the future it will soon recover. Trade war issues will stop soon.

If Bitcoin help to stabilize the country economy level why some government is still not accept it to some countries. Since Bitcoin is really helpful, i think government should be considered the good possible thing might happen once they accept Bitcoin to there country. Bitcoin help them to lessen the jobless people which really helpful to have a better economy to there country.

As a speculative asset bitcoin can improve the financial state of people, provided that they make a nice monthly profit by byuing btc at a low price and selling it at high price.
Consequently, the consumption level of the population goes up resulting in the increased GDP (which as we know is the final value of all goods and services in the country).
I am not sure if bitcoin can improve the economy if it is utilized solely as a means of payment, but the freedom of using crypto is definitely one of the indicators of economic "health" of a country.

This had me thinking that what about of those who holds millions of bitcoin? Are they capable of changing the economic turmoil if needed? Such small information from them might be important but they were on a watch as i've known most of them are hackers stash.

I think it's better to not to compare bitcoin and fiat because they were really huge in difference such as value in every penny compare to bitcoin in every cents.

Bitcoin monetary system can stablize economic country because have limited supply. Different with current monetary system that always print money to boost economic growth, bitcoin limited the supply to maintain inflation and creating quality growth

Bitcoin can really help stabilized any country's economic level , but it is not fully ,bitcoin really can help people the oppurtunity to arise economic financial crises of individual willing to work for bitcoin and other cryptos , so this bitcoin is of help to country's level of economy.

I think it is unlikely to stabilize the economy of a country. Because our market is a cycle. When you lose money in investing, there are definitely people who have made a profit from your sale. So I think it's just exchange and not enough people will fail. Bitcoin will sometimes make a country's economy go down if investors have no experience in the field.

I don't really believe that bitcoin can stabilize any country's economic status because if that is so, then those countries who said that cryptocurrencies helped boost their economic growth were all liars?

but if a country like Japan has legalized bitcoin and we hear that employee's salary is btc, of course now the people are rich, because it has risen high when seen from beginning of circulation of btc

It can't because in my opinion based on logic, cryptocurrency is even unstable, especially regarding some of the disadvantages of bitcoin, although it could be to help GDP in a country's economy but because the value in bitcoin itself is unstable it can actually add to problems in the economy.

No, it will not stabilize any country's economy because bitcoin is decentralized meaning the government does not have any control over it. Another problem is how could the government earn from those bitcoin financial transaction if it is unregulated.

I agree. Bitcoin doesn't have anything to do with our economy. It's the government who plays a very important role when it comes to stabilizing our economy because they have the authority and the power.

Bitcoin to stabilize the economy depends on the country and the government how to respond to it.
On the one hand Bitcoin thinks positively and from the other it thinks negatively,
well for this matter, overall Bitcoin can boost the economy of all circles, both government, banks, and the wider community.

Yeah, most of the time, I believe the best we will get to see is as a supporting factor which can be used to help the country's growth and development in a way, and not just bitcoin but blockchain technology at large, but at the same time, this is largely dependent on the country's leadership and how ready they are to really want to help boost the economy and not get to do something that will disrupt the way they have been doing things, most especially when it has to do with some corrupt practices.

Stabilization of a country's economy is not something that will just happen without some things being put in place on its own, and bitcoin will not just perform a miracle on an economy that is not even ready to want to have a change.

   I think that is non all country are arguments on bitcoin is slill on going on every country, some are banning and also some are acknowledging but not accepting is still can do transaction.we need more time to accomplish perhap acknowledging is close but we need a standardisation hopefully we can address it.

I think it is quite difficult that bitcoin can stabilize the economy of a country now, considering that now bitcoin is still considered illegal by many countries if it is used for buying and selling transactions because it will have a negative impact on a country's economy due to a weakening currency because it is replaced by bitcoin , if referring to the limited number of bitcoins, it can indeed be expected to make the economy stable and even increase but on the other hand it will have an impact on the country's fiat exchange rate, I would rather suggest that if a country's economy wants to be stable then the country must dare to limit fiat money production

I think, that Bitcoin can't really stabilize any country's economy level, because this is a great currency for speculation. It is not so good and technically perfect to replace fiat money in my opinion.

It is difficult to answer this question, but at the moment Bitcoin can not significantly affect the improvement of the economy and the increase in the country's GDP. I believe that blockchain technology can improve some areas of activity and therefore this technology is gaining popularity.

For some small economies, this situation is still uncertain, but I don't think it will be realized for an economic power. Please note that the original financial system is still strong, and Bitcoin is just a new star that has just ignited.

it could be, especially for developing countries where inflation often occurs even hyperinflation of foreign currencies. because bitcoin has the same exchange rate globally, inflation and hyperinflation can be minimized and may help the economy become more stable.

For me Bitcoin could be helpful to stabilize the economy of a country but the problem other country not accept crypto. If there country have many people using Bitcoin then surely they will lessen the jobless people in there country. Even sometimes Bitcoin is unstable it can still help to someone especially in financial, so if that person are using BTC they also help there country to lessen the unemployed.

A good point there! We have seen the likes of Japan's GDP increase over time, based on the possibility of legalizing and regulating cryptocurrency. Bitcoin itself is not just some miracle performer that will start helping to fix things, it is just a tool.

Tool for payment which could help bring freedom in some certain ways and make it easy the way we do transactions, save time in most cases as well, when compared to having to use the banks, with their crazy shitty policies. A country's economy will have a lot to do with the leadership and for a corrupt setting, there is just so little bitcoin can do at all.

I think no because there are certain issues a country was facing through and many factors are affecting this problem and if you were thinking Bitcoin can save them from that economic issue, well it's not. It is just like the case on poverty that only manpower and physical resources can resolve. Bitcoin is not mainly concerning the stabilizing of one country's economic state. The scenario will still depend on how its government and people will work together to work out a solution to resolve the problem. Not at all times we must rely everything on a single think that we think can save us all because that is impossible. There are many ways to be used to come up on a better or even best solution not just thinking and expecting that Bitcoin can do it all for you.

At the moment, not many countries are ready to accept / legalize Bitcoin as a means of payment and integrate with the country's domestic economy, also not many people are ready to use Bitcoin as a payment, therefore at the moment Bitcoin cannot drastically improve the economy, but in the future it will possible.

Bitcoin can hardly help to cope with problems within any particular country. Any country involves internal regulation. From this it follows that the government will regulate the circulation of bitcoins as well. It would be much better if the country becomes a loyal jurisdiction for cryptocurrency startups. Like Malta, for example.

Bitcoin won't be able to do that but Blockchain can do that, if every country develops Blockchain technology and creates their own crypto currency, I believe the economy in each country will be stable and the gap between rich and poor countries can be eliminated...

In my opinion, with limited supply bitcoin maintain price stability and inflation and i am believe it will avoiding economic crisis. Crisis always happen because bad debt and its happen because interest rate always increased.
With bitcoin system and decentralized system, i do believe bitcoin can eliminate economic problem.

Actually people who join in bitcoin, maybe have high percentage to be highly successful, but also it  can make people more and more frastrated, I mean people can be more likely to get failure. As we all know, the oustading feature of bitcoin or many other coins that no one can deny is notoriously volatile, thus obviously the number of people who really profit from this digital currency is not sure, perhaps some gets nothing. Anyway, bitcoin can partially help a number of people to improve their life, but also it makes some get frustrated cause of losing, therefore I don’t think bitcoin can stablize country’s economy level.

if we expect the stability of the country's economy then the answer is that we will continue to be spoiled with monetary policy which can become an economic crisis or inflation that continues to increase annually, we are increasingly dependent on fiat values where the value formation factor is political and demand from elite bankers.

Bitcoin has the intrinsic feature of enhancing the economy of a country especially the country which integrate Bitcoin and utilizes the Blockchain technology. With Blockchain, there is generation of job opportunities for the people and creation of financial freedom and satisfaction for the people.

first of all  ,  bitcoin itself is not a stable crypto  . so my question is how can he stabilize the country's economic level if he cannot stabilize himself first ?  

it'll also depend on the country or the government of the country and not on bitcoin or any other currency . some country wont still be stabilize because they experience an inflation or any other issues regarding on the supply and demand of the live stocks/stocks  . while some dont experience this issue because they have a good leader  and thier lives are already wealthy .

I dont know if bitcoin can help the economy of every country but i am sure that bitcoin is a very profitable investment that you can improve your gain and because of that your country gain too. So they are a small help in the county if you are using bitcoin . I am glad that because of this my financial problem is gone and i got some benefits of using of this just like in sending remittances.

For me If they managed their fiat currency and their economy in a better way instead of trying to take advantage of their citizens all the time we will not have any need for crypto like bitcoin in the first place but since that is not what they do then cryptocurrencies could take over in the near future.

I am not an economist, and it is very difficult for me to judge if Bitcoin can do it or not. I know ony thing: with time, when BTC goes to the Moon, my financial situation will be improved.

Not correct. What you gain is what you keep. You are not going to share your earning with your country's treasury would you? That would like giving away your money to the governments tax system and you will be keeping a meager chunk.

Such an economy is not happening anytime soon. It will a long time before bitcoin gets recognition instead of mockery in the mainstream. Already we have been mocked by the SEC and traditional traders and its not easy to change their opinions unless there is some huge amount of adoption of crypto.

Bitcoin is unlikely to stabilize the economy. You look at its volatility. This is a disaster for the economy. Stable coins are more suitable for improvement.

At the moment this is impossibe. In order for Bitcoin to have influence in any way on any economy it should formaly be part of that economy. In other words, legal basis and regulation are needed that would officialy introducr Bitcoin in economic and monetary system of some country. If you ask me at the moment we are far away from such scenario anywhere in the world.
Untill that happenes Bitcoin could have some indirect impact economy through individuals that use it (for example through tax on transactions or that enables people with Bitcoin buying goods and services with fiat money they got by exchanging Bitcoin).

right, with high volatility, I feel this needs a strong calculation. how would it be like a country that was hit by an acute crisis, and chose a cryptocurency to replace their worthless currency. of course now they suffer more from it. but if the bitcoin will rise dramatically, of course their economy can be saved

Only the people and the government of that country can stabilize their economy. If they help each other they can do all things. I think bitcoin cannot stabilize the economy of any other countries.

Bitcoin is not powerful enough to stabilize any country at best what you can do as a person is to take advantage of it if your country is having problems, so even if the economy of the country where you live goes down or crashes you will avoid some of the worst parts of the crisis and unlike most people you will still have some savings that you could use to move to another country or to lead a better life.

you are right. besides, bitcoin also can't be stable somewhere, because when a place is higher, of course it will make a dump happen, when people sell the bitcoin there. well, this is very difficult to do.

That's why people love bitcoin because it's not stable, it's volatile and it's what makes it exciting.
We are trading and we see some big movement, even in just a day. Now, if we are good enough in finding information and with our TA, we can make money doing some day trade.

I think bitcoin is participating well in the country economy and if we check the country stability then crypto can add a good impact on the economy but that would be very small and other factors which are very high they can affect economy like political instability adverse affect and law and order situation if good ultimate affect the economy while foreign reserves is very important for a stable and good economy.

Looking at what 52week market charts yes it does have volatility but it is one of the safe havens whales can find if the other asset market are going down in value. This idea is again a bit speculative and longshot but it goes by popular demand though I doubt how far it will be true. Talking about stablecoins though I dont find any trading value in them if there is volatility because majority of people are interested in making money off the asset and not just sleeping on it for years.

Again the centralized or decentralized nature of the stablecoin does come into question.

Venezuela is experiencing an economic crisis and is pegging its economic recovery to a cryptocurrency with the hope for financial recovery with that.

I don't think so, because most countries still can't formalize the existence of bitcoin so there are still many pros and cons in most countries regarding this digital currency. bitcoin is also not fully felt by the general public, so it is difficult to say whether bitcoin is able to stabilize the economy of all countries while bitcoin is still rarely known by the wider community

in addition, there are many people who know bitcoin, but do not believe it as an investment tool or as a means of payment, because there are many governments that have not legalized it, due to various obstacles in the country

all possibilities can occur without anyone being able to predict because of the development of technology and in the era no one can know for sure as well as economic development

Its all relative, in some countries they have no proper access to stable paper money.   All they have is dollars which in some cases have to smuggled as its seen as avoiding tax to use the currency of another country.   Dollar itself has an ongoing failure to retain value that might get worse.   Bitcoin relative to that has a fixed schedule of issuance and is only subject to fluctuation in retention by its holders, the actual amounts in circulation is not suddenly shooting up to aid some central party and their bills

Yes is the answer, Bitcoin can be a positive to a country suffering from problems in trade.   Its not unknown for a people to be forced into barter trades with no divisible value available reliably.  Bitcoin by gift anyone in the world access to an open ledger is enabling the worst off to continue to be part of a wider economy not boxed into a corner by local politics or trade problems.   That is so incredibly valuable to poorest and I hope Bitcoin continues to focus on providing efficiency and cheap access to the poorest people, obviously this does rely on basic technology being available but even 2nd tier nations can have problems so my answer is a definite yes

I doubt that bitcoin can stabilize the economic growth of a country. Anything even greater than bitcoin is just a system that needs great management of a noble one to conduct a good expected result.

I am agree. Bitcoin price depend on supply and demand and there is no central authorities that can control the fluctuation like in fiat money. If in fiat money, central banks can intervent market if the price move too volatile.

We should not forget that Bitcoin is only a payment system, and it is designed to exist in parallel with the national money of the state, and not to replace it. Also, Bitcoin, like any other decentralized cryptocurrency, does not have a direct relationship and relationship with the economy of any state. Therefore, Bitcoin is simply not able to solve the global economic issues of states.

Bitcoin was created only as an alternative payment, it cannot be something important for the country. The state has its own fiat, if the state wants to make new crypto as an alternative payment it might be but not bitcoin. Because bitcoin will never intersect with the state because the state needs control over transactions and bitcoin does not allow that. Like the crisis that took place in Venezuela, some of its people tried to survive with bitcoin but Venezuela made their own crypto to be controlled, I was afraid if one day when Venezuela had recovered they would never receive their crypto again.

I am agree with you. Its hard for government to implementing bitcoin monetary concept because bitcoin have limited supply and bitcoin is decentralized cryptocurrency. I think bitcoin can improve personel asset but to stabilize the economic of a country, i think its hard to be done

How could Bitcoin stabilize a country's economy, considering that the price of Bitcoin has never been stable, so I think, NO.

So there is no direct relationship with the economy of a country? what about the function of commodities and investments that are profitable for its users? I think its can change a person's economy and finances right? and the big effect can help a country's economy?

I think that at the moment Bitcoin can have a significant positive impact on the economy of most countries. As an example, everybody knows the well-known Venezuela. In this country, bitcoin is currently one of the main currencies that has actively application in this state. Therefore, the use of Bitcoin as another currency in the territory of the states can have a beneficial effect on the economy.

I think you don't understand the problems of the Venezuela country, the extraordinary political impact that has caused Venezuela to use bitcoin to survive. But in reality when bitcoin has decreased, it becomes a separate problem and the Venezuela government seeks to make crypto itself which is guaranteed with oil. Maybe it can help them but it does not fully make the crisis state recover, because bitcoin transactions to buy goods or food are still limited.

The number of bitcoin is limited and its price is highly volatile which also fluctuate rapidly so I doubt if bitcoin can effectively help stabilize a country's economy because of unstable price. The central bank will not going to approve any decentralized currency as a legal tender because they can't effectively impose monitary policies on it. Bitcoin might help the economy when its price is going up or in a bullish situation but there is also a possible losses when the top coin suffer a crash o eneters in a prolonged bearish condition.

of course you can if the intention and purpose of the investor is good because the good or bad results of the investment depend on the investor itself

Well said. Bitcoin may have a slightly positive effect on the increase in the gross national product of the country, however, if the cryptocurrency will be used along with the national money of this state. Japan already has a positive experience. However, Bitcoin or another decentralized cryptocurrency will not be able to replace the national paper money of the states or be the main currency of any state. In this case, it very quickly unbalances the economy of any state.

Bitcoin cannot change the economic condition of a country because only alternative currencies are used throughout the world. Its added value for a country is almost non-existent, but for the people who have it it has an influence because it becomes a digitally traded commodity.
For the country, bitcoin is considered as a product that has added value to the community if used correctly, such as being an investment that can increase in value in the future.

Japan may be more prosperous, if its people can move their crypton assets to property for example in 2017. that time was not only stable, but there was a significant development

Well this might depend on how a country uses bitcoin to its economic advantage. We know that even with the use of actual money such failure could lead as well to loses and the same bitcoin will be since it is just a form of a digital currency. But the difference is quite big in terms of scope. While you can buy things with money on your area, you might not be able to use it on any area. But with bitcoin you can use it almost anywhere which means you can create business with a very wide scope with the use of bitcoin as a payment system. The bigger the scope the greater will be the number of your clients and the more income you might be able to get in return.

I don't know about that.

We all know that Bitcoin and any other cryptocurrencies are decentralized and we can experience the financial freedom with it. Saying that, I can't say it can help a certain country's economy level. People might be able to earn from those investments but I don't think it will affect the economy. Not all of the people are using it nor investing on it and also, only some of the people invest on it and it is not being taxed by most of the government, most since as far as I know, some countries are taxing Bitcoin already.

I don't think still no Bitcoin will not support any country development or it will use for the economic changes for your country because the regulations are very important for this so if it was happened the country will need to accept it completely then only the possibility of changing the economy will happen to any country.

I don't think so, because the economic level of a country is calculated from various aspects, not just assets. and bitcoin is an asset, it will not have a big effect on the economy of a country.

As of now there isn't any big contribution to the economy of a country through bitcoin as mentioned. As of large inflow of fiat happens through bitcoin into a country, but when compared to the fiat that's been used around cryptocurrency contribution to the economy is still very small.

maybe there is truth in your opinion for now it is indeed impossible that it happens because we know there are some countries that still prohibit their countries from using crypto currencies but in the future it might be able to make the country's economy more developed

Bitcoin will not helpful for there any country development because it will not created by any country if was legal age to buy the country then the changes will definitely have come but till now it cannot make any profit for the other country.

exactly Bitcoin can definitely help the country's growth but the problem is know the countries want the use of Crypto development because their panic will be like that if the accepted the country's growth will definitely affected by that if it was negative then the biggest problem for developing countries will happen in anytime so I don't think it will not been possible for some years.

the chances for the government is always there but they could not make it possible I still don't know why the concept of Bitcoin will not being trusted by the government till now people will strongly trust it can be the next future economic changes equipment hope it can be happen at least in the future.

Its very easy to understand. Its not possible for a government which has been running on paper currency for such a long period to completely shift to cryptocurrency in future taking into account the risks associated with it and the public demand generally being negative for it. Unless there is a bigger lobbying of crypto in the public associated with an increase in the adoption, such a thing will never happen.

Moreover no government wants to label themselves as followers of "criminal currency" which has been the common notion for crypto among the general public. This will not change unless something drastic happens.

It is safe to say that Bitcoin has nothing to do with the ability to stabilize the economy of any state. Rather, on the contrary, if Bitcoin or any other decentralized cryptocurrency is recognized as the main means of payment in the state, then the economy of any state will quickly deregulate and total chaos will occur. Therefore, a decentralized cryptocurrency should go in society only in parallel with the national currencies of the states.

Bitcoin does not have a big role in this regard. It works in terms of knowing the total supply, in terms of not producing extra money, and in order to follow the transactions. Also, few tariffs will be good in terms of blooming the economy.

The limited supply of BTC has solved the inflation problem and even made the economy grow. but it serves everyone, it does not serve any country. it is only supposed to reduce the rate of giving birth in some poor countries, but cannot change the whole.

This is the same as a country with a garbage fiat (ie, mine) vs a less garbage fiat (ie. USD). Would it help stabilize the economy? Well yes and no. It might stabilize prices, but not make things cheaper, in fact it would make them more expensive, which makes for restarting the economy a bit trickier. But not impossible, as long as there are economic freedoms.

For example if my country declared bitcoin as the national currency, it wouldn't stop the economic crisis, but it would start alleviating 15 years of artificial pegging against the USD, one of the sources of economic distortion would cease. If this were accompanied by other freedoms, such as no customs fees to imports, sure people would start getting access to goods that have been sold overpriced by the few select elite that have a permit to import, since anyone could import directly and bypass this intermediary. That however doesn't directly improve the local economy, but...

Since bitcoin means zero controls to capital, investors could come and start business knowing fully they can take out their money immediately and instantly without the State intervening at all, thus easing their willingness to invest. A socialist state like this would love to seize their assets, which is why no one invest in the first place.

So the answer is, yes, not quickly, but yes it would help. The volatility of bitcoin looks rock solid next to our garbage fiat (currently world's worst), and just like under hyperinflation people changing prices everyday, the same they could easily do with bitcoin. Even better, since the actual exchange rate would come from far many more trusted sources in a global market, rather than the manipulated distorted mess here.

This is the next step for humanity, the first time a country declares bitcoin as the official currency. Japan seems to be backtracking, wanting to move from coin to asset, and that is a shame. Some countries officially allow both their fiat and another "strong one" such as USD or EUR.

But bitcoinization alone is not enough, a free (people's) economy is a must, the opposite to a socialist (State central planned) economy. And yes, it is best to rub it to socialists that their policies are against the people for the State, while the free market is FOR the empowerment of the people. Vote with your wallet, the ultimate form of direct democracy, something socialism takes away from you.

Bitcoin reduces cost and risks. It is not a magic cure. But is just better option. and Yes that should hep with GDP growth when financial system gets cheaper.

No, the countries always choose coins that are not volatile because of economic principles, and bitcoin can't now stabilize countries economy, but maybe another crypto can do it, but for this we need governments to adopt crypto and use it.

im sure, if someone playing bitcoin he will get advantages from economy to function. its clear if bitcoin can make someone economy increase greatly, many people helped by bitcoin. so if everybody use bitcoin, im sure it will be help, increase economy for some country. but it depend on government regulation and how much people know about bitcoin. indívidual act is effective than you make hope to government

maybe what you say is true if the country has legalized crypto currency as the currency that applies in the country's economy and will become a currency that can make economic development in that country

Everything will be possible but it takes time and also how their citizen adopt these. Even though a certain country will legalize crypto but their people never have that adoption will just no effect at all. It will only bring help if they used to help their self also and not just a spoon feed.
And so this crypto adoption will only provide a less possibility for country's economic status to level up.

Bitcoin can have a significant impact on a country's economy due to the economic boost factors it possess. Bitcoin brings financial freedom and satisfaction to the people through its investment opportunity. Job opportunities like mining, trading, etc is also created in countries where Bitcoin is accepted.

I think not because the economy of a country involves many things. if a country adopts bitcoin the country's economy will not immediately stabilize. Bitcoin can only benefit investors and users. if in one country there are many people who become bitcoin investors, maybe the economy level of the citizens will increase.

From my understanding the economic flow within the country can be kept stable with the blockchain technology, because if the governance is integrated to the blockchain technology automatically everything will be transparent to the common people. When there is no corruption this will surely move towards economic growth. Also these kind of changes can't be experienced in a days time. This is a long term process which needs time for a change.

I don't think Bitcoin alone can stabilize a country's economic level since it will only be achieve if the people together with the Government  of a particular country will all work hard and in harmony to uplift the lives of everyone else. Good governance and talented people will produce economic success though Bitcoin could be used as a tool and be instrumental in achieving such goal.

Bitcoin is volatile so it eiol not stabilze a country's economic level. One of the factots why cryptocurrency is not yet ideal to be used or replace fiat is because of volatility. Imagine if a country is using crypto as a main currency, just one crypto crush, the economic situation of the country will really be affected.

I think it's a difficult thing, moreover bitcoin is an international transaction and investment tool, and the price of course is interconnected. there will be no price stability when there are still many markets that have unstable prices.

volatile occurs because bitcoin users are still minimal, so it is possible to be manipulated, but it will be different if most of the world's population uses it, of course it will be more stable than at present

Naturally. The economy of the country cannot be improved if they adopt Bitcoin. The government should do a lot to change it. However, people can make their lives better working with BTC.

Yes, Bitcoin will not be able to influence or create too much fluctuation for the economy of a country, this is a very clear thing that people can see because the rate for governments to accept bitcoin is still too low, and even if they accept, only a few people can afford to make money with bitcoin, the rest can only get lost. So the stability of the economy is dependent on the government, if a large system like the government cannot solve the economy, Bitcoin will also not help anything when it is just a normal technology product, but it is more special than other products when it has a lot of useful features and helps users to make money

That is why the acceptance of crypto as a regular currency for everyday work is not popular. There may be price fluctuations in such extent that people have to stop buying necessary stuff. This wont happen in future unless fiat is totally overruled which is having low probability. Unless some method can be found which pegs the value of bitcoin to something totally stable or a value of its own this wont happen.

How exactly? Bitcoin was built for a purpose.

Governments want least involvement in crypto.

Would love to see that come to reality, but for now lets focus on whats happening. :D

For bitcoin to be efficient there is a need for minimum technology for example pc and a good internet connection, this is the reason why bitcoin is not a solution for every country. I am sorry to say this.

If bitcoin will lead to creation of job that would help to improve the economy.
It's not fiat or paper money that is simple and easy to use but crypto is very useful for online transaction, and the low cost and fast transaction
is needed to open opportunity to easily send money in every country.

In terms of investment, this does not generally help the economy as only holders will benefit, the usefulness of crypto
will be more appreciated if a massive adoption will happen.

Bitcoin is volatile and i don't think that there is a chance for bitcoin to stabilize any country's economy level because there is no chance for bitcoin to help the economy of a country because its price itself is not stable. Bitcoin can just help the country to have an option for investment but in the sense of stabilizing their economy level then there is no chance for that.

Bitcoin is limited but it is not limited in accordance with the prices! I mean look at the past to future prices of bitcoin. Its been few cents and few thousand dollars all the time. So in future it could be equivalent to million dollars or may be billion in the future (practical but not needed). All you gotta do is trade your satoshi's with the world tagged with thousand dollar price. Its non ending cycle, the more demand in the future the more its price would be.

Coming to the point of stabilising country's economy level, I guess its not helpful in that regards. Its just limited to alternate system of payment process. Sometime easeful sometimes difficult.

It is hard to say if it can stabilize a country's economy or not, but it can defensively stabilize ones economic condition. Just as a key note i would say look at the scenario of Zimbabwe, there most citizen use USD and crypto over Zimbabwe Dollar, it is because they have no trust over country fiat.

if bitcoin can be legalized by every country, of course bitcoin can help stabilize the economy of each country, but not entirely the system of the country's economy can be repaired by the existence of bitcoin. the value of the currency is certainly the main factor that can affect the economy of each country. if bitcoin is located like the US dollar which has a global currency center, it is likely to stabilize the economy of all countries

Diminish fiat ? Hmph… there are lots of other online payments, that are far much better than Bitcoin, so I don’t know why you think that’s going to happen. And by the way, Bitcoin has nothing to do with economy, so it does not have any impact on any country’s economy. Bitcoin is on its own.

I believe if any recession occur in global economy then we may see how bitcoin may help people in hard time. I guess that alone will be a practical way of understanding how bitcoin may influence in stabilizing one country's economy level.

To make bitcoin efficient there is no need to do anything because it is already efficient enough. What you are trying to say is probably the transaction possibility and that will need basic devices and internet connectivity. Now considering the fact that everyone has at least an android smartphone and at least a 3G connection if not more than that - that much is covered.

Whether it is a solution or not is far from speculation but we have seen some countries develop their own cryptocurrency like Venezuela and although its making a splash this may be the emergence of something new in this niche.

It is unlikely for the bitcoin to stabilize a country's economy because of its limited supply and volatility. Being an unstable currency, government will be having a hard time controlling the wild fluctuations of bitcoin and this situation might deteriorate the economy, instead of stabilizing it. It is still to be proven if bitcoin will really diminish the use of fiat because a lot of people will still prefer fiats over bitcoin because it is more convenient to use.

Volatility will never let the economy of a country get stabilized. Market fluctuation is common with the world market but there is no such level of volatility as bitcoin. As stated most of the governments fear of legalizing bitcoin of the country's money value. When bitcoin is legally accepted people prefer bitcoin than fiat this will affect the money value of the local fiat. To me let bitcoin be the same as now serving as an alternate to the fiat.

It is really important to understand that the government doesn't officially recognize Bitcoins as something that they would allow changing their economy, except few cases where time and again Bitcoins have shown too Worthy.
It can but only if the margin of volatility is taken into account, you cannot rely on something easily influenced by the market biggest holders because in this way it could be used be a number of agencies to specifically target any country or audience.
In Bitcoin the more you have , the more power you have over the economy of Bitcoin itself , therefore it's not a power that is centralized , given that government cannot rely on it completely but in a time of a worst case scenario it could prove helpful .

Bitcoin can stabilize individuals and nations. Obviously, it's a lot easier for people to take financial matters into their own hands than convincing a State to be fiscally or monetarily responsible. Over time, I expect nations to officially embrace bitcoin as a legitimate currency. More than likely some are secretly mining it right now.

You know that economic problems in a country are very complex, and even developed countries still have a lot of poor people and their economies sometimes go up and down, bitcoin can't make a country's economy stable, because a country's economic problems are not just unemployment, but many other things and more complex

Agree, a country's economy depends very much on different factors, that could be a government strategy, that could be a natural and environmental problem and condition, or it could be a problem of education, and a lot of different issues. And with so many problems, bitcoin really can't solve all, the condition for it to be beneficial for everyone is that they need, conditional to own the right equipment, and more, and with so many conditions, only very few individuals can change lives with bitcoin, which is something we see very clearly

I think it can and I think it cannot, if it means about economy then we should be giving out a focal point on the 3rd world countries since their economy level are the ones that need to be improved, 3rd world countries tend to have low economy level and the rest is going to be a domino effect, having BTC in a 3rd world country can possibly stabilize an economy level of a country and it can do completely nothing with the economy, and not only that but I don't think that BTC can singlehandedly help a country's poor economy level, it's just too much yet it can be a help to a country nevertheless.

Why would anyone now be talking about making Bitcoin a currency? Lol, Bitcoin is money, but it is not a currency. And most people who are into bitcoin are into it because it cannot be controlled by the government, they feel like it gives them freedom to do whatever they like and also to do cheap and quick transactions.

Based on research that I have done, Bitcoin is a threat to the economy of any country. Unlike the official we make use of, Bitcoin have no corresponding liability. It only works based on our willingness to treat them as valuable.

First of all you should ask if Bitcoin itself is stable? We already know it is not, Bitcoin itself is very volatile and you don't expect something that is as volatile as that to keep a country's economy stable how's that going to happen? It's called a cryptocurrency, there's the word currency in it but that doesn't mean it's a currency. It is just an asset and is meant to for investment. You can call it money, but it is not like the conventional money that we make use of. So to answer to your question, I'd simply NO, it cannot.

its not the stability of bitcoin but its usefullness   . no matter how volatile bitcoin is  , it can still help the  country to become stable like for example if one country has problem in financial  ,  bitcoin can help them because bitcoin can provide income and can be used as an alternative currency  next to fiats .


bitcoin is a  crypto and a crypto has a two purpose  . one is for  asset and one is for a currency  . bitcoin mistaken as an asset by majority of users due to its income potential  .

I guess it can be possible when everyone starts to use crypto currency for payment and there is no one to manipulate the prices.It might increase the GDP as well because people can avoid tax paying by using cryptos but it is against the government so we don't have to use it for bad things.The value of our money will not fall for inflation if the money is decentralized.

Bitcoin is unusable at the moment. The mempool already has a 50,000 backlog and just a few people are using it. Entire nations can't use it because it would take days and days for stuff to get confirmed.

If crypto is to be adopted by a nation, it will be an alt that can scale, not bitcoin.

Bitcoin might be more volatile now than these hyperinflative currencies, but just imagine in next ten years how much volatility will be then. Bitcoin is not ready yet to be accepted as national currency, but that is not even purpose of Bitcoin. I think that Bitcoin can stabilize countries, but it need more time, because of currently tiny market size.

   Unoe country economies will have to change they way they operate. In that way that we will see revolution, maybe we already do, it`s
happening as we speak. Countries will have to adapt, or they will be left behind.
   Parodium it`s what I think too. Who could imagine that Bitcoin will be here 10 years ago? And to be clear on that, it`s much harder to
get here from 0, than from here to million!

Theoretically, investors is needed to increase GDP. The industries are looking for investors to invest so the industries will have more money to produce more product but the problem is government sometimes print money regardless the amount of gold that the country has then it create inflation. The inflation is good for the industries because their products price will rice but it's really bad for people who have fixed income because the value of money that they have is decrease. I think this is unfair, rich people will become richer and poor people will become poorer. I think bitcoin also can increase GDP as long as it managed in the right way, right method and right person. If we use bitcoin, there will be no inflation that makes poor people become poorer.

Interestingly, we now have a real life test case in the form of Argentina:

https://www.coindesk.com/crypto-startups-in-argentina-inflation-bitcoin

Countries are not allowing the people to use it, government are allowing people to use curpto currency we should try to increase the use whatever the government think about, crypto currency is independent currency which grows indecently,  it is helping the growth of the economy a little more we should try to increase number of users.

lol . money and currency are both the same fyi   . bitcoin is a cryptocurrency , its verry clear you can read the word currency on it  . i dont think if you will still not be convinced with that  .

anyway  . bitcoin can stabilize the country's economic level because bitcoin is too useful   . bitcoin can be used as a replacement for cash if the economy is having a problem with cash  .

Please where did you get the idea that Bitcoin has the power to diminish the use of fiat. For your information, nobody is interested in making use of Bitcoin or any altcoin, they just interested because they have seen how the price has speedily gone up within few years. Even those who called it a scam has also got into it and invested their money because they all believe that they are going to make quick money.

it doesn't need to be a national currency to make the country's economy much better. just legalizing bitcoin in that country,
and let their people adopt bitcoin to become their source of income, from that only can change the country's economy

I can not imagine how unstable cryptocurrencies with a constantly changing course, can stabilize the economy of any country. Will they just buy bitcoin and sell it more expensive? How will this help them? To stabilize any economy, you need to come up with a working model for people so that they can create a product and provide themselves with everything they need.

It should be like that, but it is not easy to legalize bitcoin in a country because bitcoin is against the government, which should help stabilize the economy in that country.
and bitcoin can only increase the indivindu economy without involving the state.

That's a wrong statement that bitcoin is against the governments. Legalizing bitcoin is an easy task and the same is being implemented on different countries making everything function without any delays. Economy of the country depends on various factors, and when calculated of a country's total economy the contribution of cryptocurrencies were very small. Maybe in future years we can experience something good, at present it is good to give individual earning.

Bitcoin will not support any country's economic development because it is also one of the economic changes so if a country accept it then their country's economic situation will be totally down so that it will be totally opposite for the development in any kind of situation and I think if any country accept it they need to do the regulation properly by accepting it.

A country needs a stable currency in order to be able to establish a sound monetary policy. Unfortunately that's not the case with Bitcoin or any other crypto (except maybe stablecoins, but then they are tied to a different fiat currency or commodity). And of course most governments don't want people holding currencies that are completely out of their control.

that's it. after all, let's look at something simpler. bitcoin is not a stable coin so how can bitcoin stabilize an economy in a country that in fact bitcoin itself does not have a stable price and the fluctuations are very strong

of course this is related to cryptocurrency regulations for all countries, if all countries can formalize bitcoin and can legalize bitcoin for various transactions and can be used like a local currency, there is a possibility that it can help stabilize the economy of each country. but on the other hand, the role of local currency must always be a top priority because as we know bitcoin is a type of digital currency that does not have a fairly stable price

Truth be told, no. If a country has low GDP, Bitcoin will not be able to ease. Neither will it be able to address it. If at all, it will only worsen the situation. Bitcoin does not have to do with the increase of production or the increase of services in a country. It is, on the contrary, an alternative payment option that will only weaken whatever the country's fiat currency is using. Bitcoin is essentially anti-government. With Bitcoin, you may even make transactions with very minimal or zero tax or benefit to the government.

First, I agree that bitcoin is not created to stabilize the economy of a country because the nature of bitcoin is a project, an investment and only people who care about it can gain benefits, and this nature has not changed over time, although people can discover more but no one can certainly make a profit with it. The government cannot escape this circle, even if they understand more, and many people know more about bitcoin, economic benefits still do not express too clearly for a country, it only narrowed in the scope of the individual

Bitcoin is created as an alternative payment system to those who need another currency to use aside from the fiats. The high volatility of cryptocurrencies might make it unacceptable to use as one of the main currency to stabilize an economy. Its decentralized feature will also one of the factors why governments rejects it because they can't control it. But I believe, bitcoin can do a lot of help to every individual who want a currency that are free from the manipulation of governments and central banks.

It may be true that bitcoin has nothing to do with increasing production or service in a country. But if bitcoin is adopted by many people in every country, and there is an even distribution of bitcoin adoption, maybe this will make the world economy stable. Because bitcoin itself is a currency that is not regulated by the government so that everyone from country A can connect directly with people in country B without being restricted by regulations and any intermediaries.

It would never been a solution in order to raise up the country for its recession level. The stability of the country never been achieved using bitcoin. BTC is volatile and anytime, fluctuation might happen. Though there are chance for it to grow up, there is also tendency for the economy to suffer depression.

Stability of the country's economy relies much on the policies. The economy level goes unstable when the funding is concentrated over a specific sector and the rest were left behind without proper consideration. For example if a country's wealth rely on agriculture, then it needs to be supported good. When this is done in the opposite way of making corporates to take control of the agriculture sector the country's economy won't get boosted, but the corporate economy grows diminishing the growth of common people. This way collapse the stability, as most of the country has its economy from the low bottom people and the small scale firms.

The economy of a country is influenced by lots of factors hence its stability is measured by the cumulative effect of the various factors which affect it. Bitcoin is capable of contributing to the positive impact of the economy of a country through its capabilities of generating job opportunities such as Bitcoin merchants, miners etc.

The positive impact of Bitcoin on the state’s economy is possible, but it is unlikely that it can fully stabilize the state’s economy. This will be hindered by its high price volatility, and it will also have little influence on the state’s economy. Therefore, he will be able to help only at the first stage, in the future it is necessary to connect the usual economic levers of economic recovery.

welp not that easy, you can look at europe even though there's so many country using euro as their currency they still have different level of economy

It depends on the situation, remember what happened in venezuela? when their country suffered with economic downfall due to hyperinflation rate that result a depreciation of their currency bolivar, but bitcoin saves their lives as they using its as their official currency

For me, bitcoin can help to stabilize a country economy-level because bitcoin is needed internet to transact. We know that the economy level of a 3rd world countries is not that high, there are still someplace that doesn’t even have signals. Referring to other technological countries that can easily use bitcoin, they are also helping to improve their economy level because cryptocurrency is a new currency that which helps many establishments to transact their transactions much faster. :)

I can't see how could Bitcoin help to stable the economy. First of all it's not regulated anywhere in the world in.the way that is part of official economy and financial system. Also, Bitcoin is unstable and decentralized by nature and such currency is not good for any economy. Bitcoin can help on an individual level, for individuals who use it to improve their personal financial situation.

Indeed, economic help and stability is only at the level of a few individuals involved in bitcoin, most of the rest are unable to accumulate anything from bitcoin except loss because bitcoin is a system that allows us to get opportunities to make money from it, many people put money into it and the winner's job is to defeat all opponents. And we have seen the scale of this battle, we need to be really strong to survive and make money, at the economic level of the country I don't think everyone has the same strong skills, only a few of them

I don't think the crypto market will increase GDP growth in some countries. Because it is a financial market, there will be winners and there will be losers. It depends on the knowledge of the participants more.
In the second question, I think Bitcoin will not be greatly affected by any impact of federal data departments.
Because Bitcoin is operating in a decentralized market, it is very difficult to be controlled and affected by the law.

Here is the fear about BTC. In flat money government can guess cash flow by their people but in BTC government can not control it so that it may effect wrongly in economy of a country. Here is the main problem of stabilization of economy so that every government thinking about this. They are thinking how it can be control so that they can accept it for their community.