whether bitcoin influence on the world economy?

[RENATA612]

Never heard when bitcoin prices riding high, the price on the price suddenly rose, possibly several years to come new bitcoin and no correlation between a country's economy, when prices soar bitcoin

[bitbunnny]

Maybe Bitcoin doesn't influence world's economy or production in direct way but the fact that established cryptocurrency with real value is present on the market does have some impact. Banks and other financial institutions are very well aware of this fact and they have started to change their attitude.

[panju1]

Maybe Bitcoin doesn't influence world's economy or production in direct way but the fact that established cryptocurrency with real value is present on the market does have some impact. Banks and other financial institutions are very well aware of this fact and they have started to change their attitude.

Whether they change their attitude or not is debatable. Banks are regulated institutions; their favourite response to change is to run to the regulator crying foul. They may do this if Bitcoin grows too big.

[Kasabus]

Maybe Bitcoin doesn't influence world's economy or production in direct way but the fact that established cryptocurrency with real value is present on the market does have some impact. Banks and other financial institutions are very well aware of this fact and they have started to change their attitude.

Whether they change their attitude or not is debatable. Banks are regulated institutions; their favourite response to change is to run to the regulator crying foul. They may do this if Bitcoin grows too big.

That's what I am afraid of, the growth of bitcoin cannot be stop anymore, the network of people who adopt with bitcoin is getting bigger. In fact, the government are already started to make some actions to regulate the use of bitcoin, some countries ban bitcoin and some wants to take advantage of the people inside, they wants to collect taxes from the people behind the big circulation of bitcoin.

[AUDREY23]

along bitcoin has not been accepted by the government I think the correlation between the bitcoin economy it would never happen, when there may be very little influence bitcoin prices rise and fall of the state of the economy

[Erza]

Maybe Bitcoin doesn't influence world's economy or production in direct way but the fact that established cryptocurrency with real value is present on the market does have some impact. Banks and other financial institutions are very well aware of this fact and they have started to change their attitude.

Whether they change their attitude or not is debatable. Banks are regulated institutions; their favourite response to change is to run to the regulator crying foul. They may do this if Bitcoin grows too big.

That's what I am afraid of, the growth of bitcoin cannot be stop anymore, the network of people who adopt with bitcoin is getting bigger. In fact, the government are already started to make some actions to regulate the use of bitcoin, some countries ban bitcoin and some wants to take advantage of the people inside, they wants to collect taxes from the people behind the big circulation of bitcoin.

But how they are going to do that? They will never know how much bitcoin that we hold, so by putting some taxes on this will be pointless. They have no rights to check on our address or even take our bitcoin away too. There is a lot of things that we can do to make sure that we are not going to pay some taxes. If they cant control bitcoin, they will ban it for sure. This is what I really scared of

[Superzpay]

Currently it is not started in offline business in any country of the world but only in some countries in a few shops etc so it currently do not have much influence on our national or international economics but in online business it has a good influence on different aspects of online businesses and economy so with the passage of time when more companies will adopt it then it will have some influence on our state economics etc.

[megynacuna]

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?

I read the commodities market has indirect relationship with the dollar such that if one goes up the other weakens therefore Bitcoin as a commodity prices shoot up then the dollar and the world economy weakens.

[PokerFace3]

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?

I read the commodities market has indirect relationship with the dollar such that if one goes up the other weakens therefore Bitcoin as a commodity prices shoot up then the dollar and the world economy weakens.

Yes, the commodity and bitcoins are coming under same classifications : alternate investments.
They are all alternate to dollar investments. We do keep on discussing bitcoin as an alternate to dollars so when dollars get weakened, bitcoin will find appreciations. Bitcoin is inversely proportional to dollars growth and surely influence world economy.

[jak3]

i think its already expected by everyone we all know how bitcoin works and how its price level is working so we can easily predict that the pricewill be increased more and more on the upcomming years its true that price can drop a little in the middle but its sure that the price will rise even more than this

[DocGTR]

i think its already expected by everyone we all know how bitcoin works and how its price level is working so we can easily predict that the pricewill be increased more and more on the upcomming years its true that price can drop a little in the middle but its sure that the price will rise even more than this

I am also convinced that the price of Bitcoin will grow. But you still need to be very careful.
The impact on the Bitcoin economy is still not very significant, but in the future will increase.

[bncbnc]

Currently it is not started in offline business so it currently do not have much influence on economics but in online business t has a good influence while with the passage of time when more companies will adopt it then it will have some influence on our state economics etc.

but it is providing opportunities to people and specially to those people who are job less and give them opportunities to make money from trading alt coin. therefore i will like to say that bitcoin is effecting the world economy.

[clickerz]

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?

I read the commodities market has indirect relationship with the dollar such that if one goes up the other weakens therefore Bitcoin as a commodity prices shoot up then the dollar and the world economy weakens.

Yes, the commodity and bitcoins are coming under same classifications : alternate investments.
They are all alternate to dollar investments. We do keep on discussing bitcoin as an alternate to dollars so when dollars get weakened, bitcoin will find appreciations. Bitcoin is inversely proportional to dollars growth and surely influence world economy.

Indeed, bitcoin is an alternative to dollars and slowly becoming popular. With $16,629,938,004  Billion dollar market capitalization equivalent, it has a significant foot print on our economy. I believe it will continue to grow, if world economy is in turmoil as other are opted to invest in this crypto currency.

[Mbah Tyo]

until now the state has not recognized bitcoin bitcoin as a currency then there will be no effect on the economic situation of the country, but when it was recognized as the official currency of the bitcoin will be very influential on the country
prove

[deisik]

until now the state has not recognized bitcoin bitcoin as a currency then there will be no effect on the economic situation of the country, but when it was recognized as the official currency of the bitcoin will be very influential on the country

Which state do you refer to in your post?

There are different attitudes toward Bitcoin across various countries. For example, in some countries Bitcoin is already officially considered as a foreign currency (e.g. in the EU). But even if it is recognized as a currency does it actually change anything? Besides, I think that you are putting the cart before the horse, i.e. in reality things will likely work in the opposite direction. At first, Bitcoin starts affecting the national economy and only then it may get recognized (whatever that might mean including outright prohibition). It is highly unlikely that any government is going to accept Bitcoin before it goes mainstream and gets adopted by a significant part of population