whether bitcoin influence on the world economy?

[CROYA86]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

[stevano]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

the possibility of no effect because bitcoin is not ad continued government regulation also has not formally recognize adnya bitcoin as a means of payment, so the price fluctuations do not affect the bitcoin economy

[mOgliE]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

What? No, not at all!
We got barely a few millions of OCCASIONAL bitcoin users! Whatever happens to bitcoin it can't influence the world on a global scale!
Especially not on basic commodities man, do you ever buy your food with bitcoin?

[topesis]

Bitcoin price has no influence on the world economy presently, there is no state with keen interest or whose economy is directly tied to Bitcoin price. Even if you look at the numbers of people holding bitcoin I doubt is upto 2 million out of more than 6 billion people in the world

[machinek20]

I dont think bitcoin is influence the world economics, the user of bitcoin is too little and most of the people still dont know what is bitcoin, and i dont think bitcoin can affect the world economic, bitcoin is just a sub currency

[GreenBits]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

For me it cant affect the world economy even Bitcoin price will go up again because they are some countries and people that they consider Bitcoin is illegal.And Bitcoin is not accepted in famous bank.

[DaddyMonsi]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

No effect at all. Bitcoin is not yet recognized in most countries although they or some knew the existence of Bitcoin but accepting Bitcoin as a crypto currency is not yet accomplished. That being said, regardless of the current BTC price against the Dollar, BTC still have no significant effect in the world economy. Maybe not until Bitcoin reached the status that it is widely accepted all over the world.

[Idrisu]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

No effect at all. Bitcoin is not yet recognized in most countries although they or some knew the existence of Bitcoin but accepting Bitcoin as a crypto currency is not yet accomplished. That being said, regardless of the current BTC price against the Dollar, BTC still have no significant effect in the world economy. Maybe not until Bitcoin reached the status that it is widely accepted all over the world.

A crypto currencies that has market capitalization above 16,000,000,000usd has it own effect on the Economics of many nations especially the third world countries. South African and some Asian countries are used bitcoin as a mode of transactions daily. Many people currently are being employed and pay in crypto currencies. Exchange rate to dollar in some country has improved including usa. This are sign that very soon bitcoin will be legalized in most third world countries and with will terminate inequality in their systems.

[gabmen]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

Nope i don't think so. Not yet anyways. It's not yet in the same level as that of gold or oil or other necessities and i think it's still going to take quite some time before it does if it even does. Though it may if the prive of bitcoin really surges up but i think that would be very minimal and neglectable at best

[Xester]

Bitcoins price will not affect the price of good and commodities. For example a box of potato costs 10$ then even if the price of bitcoin increases or decreases the price of potato will still be at 10$ and so if you pay in bitcoin you will pay 10$ worth of bitcoin. So its a simple logic bitcoins price cannot affect  the price of commodities except for alternative coins in the cryptocurrency economy.

[talkbitcoin]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

well no and the reason is too simple. bitcoin is too small to have any influence on world economy. you can check out other commodity markets (not that i agree calling bitcoin commodity) and look at the volume they have and the prices or the market cap.
then you realize bitcoin is too small in this world.
maybe in the future though, when it becomes bigger and more adopted.

[traderethereum]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

maybe bitcoin prices can make affect with the world economy if many country is using bitcoin and approved for people to using bitcoin and if there is much of product is selling in offline store and online store. like when bitcoin prices reach $1100, many newspaper in online or offline makes an article that said another investment is born and people can make the investment with bitcoin and etc.

i think the price of basic commodities is different with bitcoin prices and only depend with supply and demand from the country and if the demand is too high depend the supply then i am sure that the price will be increase. but bitcoin is depend from the bitcoin user in all of the world, people with much of bitcoin easily play in the market and make dump and pump in the price.

[maku]

We are not at this level yet. Bitcoin is too small to have any kind of impact on global economy. Bitcoin in current state can be called experimental sidetrack of official economy.
And for most people it is a road to nowhere as they expect that authorities will tone bitcoin down by imposing heavy restrictions i.e. forcing people to abandon concept of decentralized cryptocurrency.

Also, most fiat payment processor companies have market cap at least 10x higher that bitcoin ever reached - last time I checked PayPal market cap was around $150 billion.

[deisik]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

No effect at all. Bitcoin is not yet recognized in most countries although they or some knew the existence of Bitcoin but accepting Bitcoin as a crypto currency is not yet accomplished. That being said, regardless of the current BTC price against the Dollar, BTC still have no significant effect in the world economy. Maybe not until Bitcoin reached the status that it is widely accepted all over the world.

A crypto currencies that has market capitalization above 16,000,000,000usd has it own effect on the Economics of many nations especially the third world countries. South African and some Asian countries are used bitcoin as a mode of transactions daily. Many people currently are being employed and pay in crypto currencies. Exchange rate to dollar in some country has improved including usa. This are sign that very soon bitcoin will be legalized in most third world countries and with will terminate inequality in their systems.

So-called market capitalization of 16B dollars says nothing by itself

If most of the coins that make up this value are stashed away, they are basically out of equation completely. It is the coins that are actively traded and yet more the coins that are actually used in the real economy as a means of payment that matter in the end. So it is obviously not the price alone but rather the quantity of coins actively participating in the economic turnover multiplied by the price (real market cap) that could potentially impact the world economy. But this impact has been negligible so far

[pitham1]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

No effect at all. Bitcoin is not yet recognized in most countries although they or some knew the existence of Bitcoin but accepting Bitcoin as a crypto currency is not yet accomplished. That being said, regardless of the current BTC price against the Dollar, BTC still have no significant effect in the world economy. Maybe not until Bitcoin reached the status that it is widely accepted all over the world.

A crypto currencies that has market capitalization above 16,000,000,000usd has it own effect on the Economics of many nations especially the third world countries. South African and some Asian countries are used bitcoin as a mode of transactions daily. Many people currently are being employed and pay in crypto currencies. Exchange rate to dollar in some country has improved including usa. This are sign that very soon bitcoin will be legalized in most third world countries and with will terminate inequality in their systems.

$16 Bn is a pittance. Oracle has a market capitalization of $160+Bn, which is 10 times that of Bitcoin. Do you think Oracle has an impact on the South African economy? Price, by itself, is irrelevant.

[davis196]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

The  January  btc price peak of $1160 is gone.A possible bitcoin price increase will probably make bitcoin more popular in the news and more newbies might join the  btc community.
This is the only btc price influence i can figure out.
I think that the USD will go up ,so the basic commodities will will become cheaper.

[ikydesu]

possible bitcoin prices affect the world economy?
such as the high price of bitcoin again, if the price of the price of basic commodities will go up?

give your opinion?

Since bitcoin standing alone, there's no affect to any economic aspects, except to be a better, like Greece before and Venezuela recently, bitcoin is the solutions for their economic to be better. But I think it's just an alternative and temporary.

We are not at this level yet. Bitcoin is too small to have any kind of impact on global economy. Bitcoin in current state can be called experimental sidetrack of official economy.
And for most people it is a road to nowhere as they expect that authorities will tone bitcoin down by imposing heavy restrictions i.e. forcing people to abandon concept of decentralized cryptocurrency.

Also, most fiat payment processor companies have market cap at least 10x higher that bitcoin ever reached - last time I checked PayPal market cap was around $150 billion.

We are not and we are never, since bitcoin designed as just alternative currency and the government will never used bitcoin.

[digaran]

50 years from now maybe, when people realize bitcoin is not under any government's control and not influenced by any centralized organization.
So I think those of us here are 50 years ahead of our time .

[Nahl]

bitcoin is a part from world economic and but only small part of that because i think bitcoin users even not reach 10% from total populations of people in the world so even bitcoin price down or rise up i think it wouldn't have big influence for world economy and i says just like this because when the price below $200 several years ago but world economy doesn't collapse

[Seansky]

If users of bitcoin exceeds more than 60% of the worlds population in the future it might influence the world economy and if it ain't it will not affect the world economy at all since bitcoin needs users for it to influence the economy of the world. If it is only a little percent of the world's population that will be affected by bitcoin, it wont influence the world economy since only a few will care about the ups and downs of bitcoin's price.