The influence of cryptocurrencies in economy

[MarjorieZimmermanGinger]

The crypto currency doesn’t have a red carpet welcome when it enter the market.The bitcoin itself doesn’t have huge investors at the beginning,after the survival for certain period of time.The bitcoin had build their own trust among the users,the biggest reason is the Bitcoin was the decentralised cryptocurrency.So no one had control over the price of bitcoin,only the market demands define the price of bitcoin.When the bitcoin had huge demand we can able to get into the bull run,as we recently get into the 51k mark on the Bitcoin price.

Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.

Even though demand has increased, the amount of supply has remained the same from its inception until now, so this is what makes Bitcoin increasingly superior and makes it one of the fundamental coins. Bitcoin has gained more trust and adoption is proceeding rapidly despite the bans attempted by several governments. Now people are starting to realize that bitcoin is superior in storing value because this asset has a recurring cycle rate. I see the development process of increasingly widespread adoption where previously doubtful people became increasingly confident in Bitcoin's future.

Bitcoin is uncertain in several countries because it is seen as speculative so it cannot influence the overall economy. There is still room for separation because bitcoin is still seen as an investment made by individuals and it may take time to make it a source of general economic change. Some countries still apply strict regulations and the rest see bitcoin as an investment asset so reaching the global economy is not yet possible.

[Oasisman]

Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.

Well, bitcoin have made enough noise and enough popularity to shake the government and banks, they are the first ones who made the reaction as bitcoin's purpose is against their goals. Government can't control bitcoin and banks was once bothered by the fact that people may put their money in bitcoin to protect it from high inflation.
However, bitcoin may still not have enough adoption, popularity, and usage to make an impact to the economy compared to the primary commodities. Fortunately, we've been seeing the increase adoption every year and the clear evidence for that is the continued rise of bitcoin's value in the market. We'll never know when and how will bitcoin is going to make an impact to the global economy.

[slapper]

The crypto currency doesn’t have a red carpet welcome when it enter the market.The bitcoin itself doesn’t have huge investors at the beginning,after the survival for certain period of time.The bitcoin had build their own trust among the users,the biggest reason is the Bitcoin was the decentralised cryptocurrency.So no one had control over the price of bitcoin,only the market demands define the price of bitcoin.When the bitcoin had huge demand we can able to get into the bull run,as we recently get into the 51k mark on the Bitcoin price.

Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.

Even though demand has increased, the amount of supply has remained the same from its inception until now, so this is what makes Bitcoin increasingly superior and makes it one of the fundamental coins. Bitcoin has gained more trust and adoption is proceeding rapidly despite the bans attempted by several governments. Now people are starting to realize that bitcoin is superior in storing value because this asset has a recurring cycle rate. I see the development process of increasingly widespread adoption where previously doubtful people became increasingly confident in Bitcoin's future.

Bitcoin is uncertain in several countries because it is seen as speculative so it cannot influence the overall economy. There is still room for separation because bitcoin is still seen as an investment made by individuals and it may take time to make it a source of general economic change. Some countries still apply strict regulations and the rest see bitcoin as an investment asset so reaching the global economy is not yet possible.

The unchanging rule of supply and demand makes Bitcoin a key player in the changing financial scene. Its finite supply protects against inflation and guides those seeking sanctuary from central banking missteps

Your trust observation is correct. In spite of government scepticism, adoption is accelerating. Now to the main issue; the speculative tag. Herein lays the biggest misunderstanding. Bitcoin's volatility is a sign of a maturing asset finding its foothold in a turbulent world

Economic influence requires time. Rome wasn't built in a day, and Bitcoin's globalisation won't either. Its inherent features will make it widespread, not speculation. Decentralisation, security, and limited supply are the foundation of a new economic paradigm. Today's sceptics will be believers tomorrow. Mark my words

[Sarah_Jannat42]

Since Bitcoin is decentralized regarding currency management, its value is not controlled by any specific person. And as its use increases so does its value and use, so governments in different countries impose various policies to facilitate and control the flow of money. When the internal financial movement of a country increases, the economic development of that country must increase gradually. As the value of BTC rises, so does the value of other currencies. Thus when profit is coming from the total investment of a country it helps to make the economy of that country prosperous.

[MarjorieZimmermanGinger]

The unchanging rule of supply and demand makes Bitcoin a key player in the changing financial scene. Its finite supply protects against inflation and guides those seeking sanctuary from central banking missteps

Bitcoin is a fairly volatile asset but the relationship between supply and demand and limited supply can influence bitcoin to continue to experience new prices. That's why we see why the price of bitcoin can change so quickly because there is no such thing as stability in the price of this kind of asset.

Your trust observation is correct. In spite of government scepticism, adoption is accelerating. Now to the main issue; the speculative tag. Herein lays the biggest misunderstanding. Bitcoin's volatility is a sign of a maturing asset finding its foothold in a turbulent world

Economic influence requires time. Rome wasn't built in a day, and Bitcoin's globalisation won't either. Its inherent features will make it widespread, not speculation. Decentralisation, security, and limited supply are the foundation of a new economic paradigm. Today's sceptics will be believers tomorrow. Mark my words

With increasingly widespread adoption, this is a sign that Bitcoin is becoming an indirect part of influencing the economy, although sometimes currently we still see it in a limited scope because it is more up to individuals to determine this role. Volatility also provides the impetus for why these assets can change so quickly, but the supply and demand process still has the most important role in efforts to bring prices up or down.

There is a belief that not everyone has been able to penetrate towards bitcoin and that is normal because we can never see anything easily. Especially when it comes to people who are unfamiliar with technology and maybe some who understand technology are still skeptical about Bitcoin. Tomorrow they will believe in bitcoin much more than us and that happens even to each of us who initially did not believe in bitcoin.

[NewRanger]

Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.

The direction is correct to control the flow of money in the market where currently dicrypto investment has provided a new paradigm for the global economy for the reason of balancing innovation with financial security from bad things, but if on the contrary when the price of crypto goes down, no one cares and they let it go. This happened until the traders gave up.

We know that the government, through the central bank, can intervene in the market when it sees its currency falling too sharply, which will have a big impact on economic conditions in a country, but the government should look for another way with a better formula without too much intervention if crypto, let alone BTC, has become everyone's idol. person.

[Albarq]

On the other hand,crypto is growing rapidly at the moment and has been noticed by people and has not yet had an influence
on the economy at this time but is very helpful with its very dynamic online system and bitcoin has helped many individuals to build their finances.

cryptocurrency has many uses in the economy . currently , with its implementation ,we are a big impact on the economy,
which is progressing slowly  because many people have received it

[kotajikikox]

This was the reason behind the government of various countries try to regulate to control the money flow in the market.

The government has two choices: either they accept bitcoin and cryptocurrencies and try to use it to their advantage and save a little of their economic state from becoming completely ruined or they try to drive away cryptocurrency from their country disallowing their citizens from partaking in such activities will result in not the erasure of cryptocurrency but instead the illegal and a much secretive use of bitcoin.

The governments should find a line between safe and innovative. No matter what their opinion is: this is our future and it is what will save us from the crippling inflation.

[arwin100]

This was the reason behind the government of various countries try to regulate to control the money flow in the market.

The government has two choices: either they accept bitcoin and cryptocurrencies and try to use it to their advantage and save a little of their economic state from becoming completely ruined or they try to drive away cryptocurrency from their country disallowing their citizens from partaking in such activities will result in not the erasure of cryptocurrency but instead the illegal and a much secretive use of bitcoin.

The governments should find a line between safe and innovative. No matter what their opinion is: this is our future and it is what will save us from the crippling inflation.

The two options they have is to eliminate its circulation so there main interest will prevail and they erase those what they think a competition which can affect their interest so they may have a soft flow on what they are trying to implement on their country.

The other one is to adopt and implement a law to cut some percentage on each transaction then declare it as a tax of each users on their country. For that for sure they can get a lot of money knowing that crypto can bring a lot of money for them and it can save their economy especially if they get another source of income which can help their country to grown.

The government just need to see the positives about this and if they choose to remain close minded on the growth then maybe we cannot see anything improvement that will happen to our country.

[Out of mind]

When cryptocurrency entered the market, people were not very enthusiastic about it. However, we have seen that Bitcoin and virtual currencies have gradually become more popular among people. And nowadays, people are mostly using Bitcoin in various ways including transactions and using this Bitcoin people are enjoying its many benefits. Day by day the number of Bitcoin investors is increasing and the demand for Bitcoin is also increasing. As the price of Bitcoin is increasing day by day, its demand is increasing and people are getting more attracted to invest in it, and they always trust Bitcoin a lot. And right now as this Bitcoin circulation has become very popular all over the world and people are investing in Bitcoin and their countries are becoming economically self-sufficient. And when a country invests in bitcoins, they tend to improve economically because bitcoins always change the economic position of a country.