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Author Topic: How can my country lose money if I send bitcoins away?  (Read 1212 times)
yugo23
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February 20, 2016, 11:35:17 PM
 #21

Btc is not your national currency so nothibg will change actually..

Of course it will, btc carries value, if btc leaves the country value leaves it.

Yeah but it's rather logical, btc is digital, you can't impose national borders on that!
bitcoinmar
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February 21, 2016, 12:02:31 AM
 #22

Btc is not your national currency so nothibg will change actually..

Of course it will, btc carries value, if btc leaves the country value leaves it.

Yeah but it's rather logical, btc is digital, you can't impose national borders on that!
Just because of this most governments against this digital currency they cannot control this and peoples freely using without paying taxes
countryfree
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February 21, 2016, 07:28:07 PM
 #23

This isn't about BTC, it's about income and spending in different places, and it's very common. For a while, I've been working in Switzerland (higher pay) while living in France (cheaper rent), thousands of people do that everyday. There are also many Africans earning money in Europe and sending it to their family at home. Don't worry about it.

I used to be a citizen and a taxpayer. Those days are long gone.
Laosai
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February 21, 2016, 07:33:29 PM
 #24

Btc is not your national currency so nothibg will change actually..

Of course it will, btc carries value, if btc leaves the country value leaves it.

Yeah but it's rather logical, btc is digital, you can't impose national borders on that!
Just because of this most governments against this digital currency they cannot control this and peoples freely using without paying taxes

Yeah even if you want...
Maybe if all governments started investing in mining xD

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February 21, 2016, 07:43:33 PM
 #25

Strange question.Bitcoin is a currency  like any other fully exchangable
IF you  send in bitcoin banks wll not   earn   what i totally dont care

 
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actmyname
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February 21, 2016, 08:36:19 PM
 #26

How is it bad for my country if I send my bitcoins to another one without telling them? The amount of money in the economy of my country will remain the same, so I don't see how it can be a lost.
It's not bad. You didn't impact the economy with the bitcoins because bitcoins are not exclusive to your country. If anything, you only slightly changed it when you bought it (I'm assuming) with your country's money. Otherwise, there's nothing you need to worry about.

Besides, you should concentrate on Bitcoins more if there's inflation or some nasty thing going on with your currency. It could prove to be a more stable currency than yours.

erikalui
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February 21, 2016, 08:50:02 PM
 #27

Sending bitcoins to another country implies that you are receiving something in exchange. If it's a currency, then it has no effect on the economy and hence stays the same else it does affect it. That also stands whether the bitcoins have been earned within your country or you have received them from another country.

yugo23
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February 21, 2016, 10:53:39 PM
 #28

Sending bitcoins to another country implies that you are receiving something in exchange. If it's a currency, then it has no effect on the economy and hence stays the same else it does affect it. That also stands whether the bitcoins have been earned within your country or you have received them from another country.


Oh, exact. If it's a currency then it doesn't matter cause total amount of value in your country is the same that's true ^^
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February 21, 2016, 11:01:55 PM
 #29

If you store your money on bitcoins, you have the money on yourself, not like fiat on banks. If lot of people stores its money on bitcoins the effect will be on banks economy (the same as if people don't trust banks and store its fiat money on his house). There can be a secondary effect that if banks not have lots of money to spend, they will not buy your country debt. And this will affect your country.
traderbit
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February 21, 2016, 11:04:31 PM
 #30

How is it bad for my country if I send my bitcoins to another one without telling them? The amount of money in the economy of my country will remain the same, so I don't see how it can be a lost.
If you were using bank for transactions then the bank took a fee which from this the country takes a fee so the economy will grow a bit. But i don't think that will make any small change on the economy by just one person like you.

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