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?

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.

thank you for your opinion, but no one I do not understand the term third country like you mean, the truth is you are looking for a third country that you please explain?

perhaps anyone want to add about the sense of the term third country in question?

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[CROYA86]

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.

so you mean is that bitcoin is no efectnya the real economy} {price of basic goods but is more closely linked to the price of such alternative coin bitcoin prices fall then alternative coin prices will rise, and vice versa, so now I am even more clearly thanks for your opinion

[LeGaulois]

we know the bitcoin value is based on the demand

[nikilavi]

For now bitcoin doesn't influence the world economy at all but i'm 100% sure big financial players are aware of bitcoin's presence. And when they decide to step in and play a new game it will change bitcoin and it may also benefit us. Bitcoin can also be influencing when it spreads a lot and more people will get aware about it , it will affect the world economy

[Tanic]

I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.

[error08]

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?

Too early to say yes but also we can't say no due to the blockchain technology and bitcoin act as better alternative payment and had hundreds of thousands of users if I guess. It will be has an effect to the world economy, at least as a better financial transaction worldwide. We don't know for sure and still waiting where the market heading to, and contribution from the devs and users.

[HaXX0R1337]

I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.

Bitcoin has nothing to do with world economics and i do not think the price of bitcoin will influence the economy in any way.Government will be creating new laws to have more control over us so that they could control the revenue system and monitor everyone .

[friend666]

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
[/quoteYes, now bitcoin does not affect the world economy, the small number of users, has not been widely recognized, there are other factors that influence the development of their own, so now , bitcoin does not affect the world economy.

[nasipadang]

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?

bitcoin price is affected by supply and demand (fluktuatif). virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scale

[X-ray]

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?

bitcoin price is affected by supply and demand (fluktuatif). virtual currency such as Bitcoin could pose a risk to financial stability in the UK if adopted on a wide scale

Only if it's adopted as payment method by using service kind of bitpay or coinbase to make payment it's fine, but storing the government's wealth onto this form, it's a big NO, it could threaten through its fluctuative and volatility indeed, in some way we want to implement bitcoin but just in category which we consider will give us benefits and no for the rest

[Xester]

Bitcoin has already influenced the world economy. With bitcoin on the rise a new way of business transactions has opened up. From using debit card or credit card to transact online, bitcoin has just paved the way for faster transactions between buyers and merchants using the internet. Bitcoin has now become a multi-billion market and even the stocks exchange is now looking to include bitcoin in the list to be included in the portfolios.

[d@nte]

I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.

Bitcoin has nothing to do with world economics and i do not think the price of bitcoin will influence the economy in any way.Government will be creating new laws to have more control over us so that they could control the revenue system and monitor everyone .

It depends on the country, because Bitcoin becomes more and more connected to the economy of some countries. There are places where inflation is very high, and governments put many impositions on the currencies of these countries. I think in these places Bitcoin has a great chance of expanding.

[bitllionaire]

I think bitcoin has an influence on the world's economy. All world sees that the new area of money is coming. New money with price 1000$ per coin and with probability to rise higher. I think all world's economy is on tension about bitcoin. That's why they are creating laws or something to make bitcoin work on the system.

i do not thing that bitcoin is creating any worst impact of the world economy, but to me i think it is contributing their effort to raise the world economy, by providing opportunities to people to earn livelihood and specially to those people who are jobless and having now mean of earning money, despite the fact that most of them are well educated and skillful people.

[deisik]

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.

thank you for your opinion, but no one I do not understand the term third country like you mean, the truth is you are looking for a third country that you please explain?

perhaps anyone want to add about the sense of the term third country in question?

Personally, I don't think it makes any sense

The point is obviously about countries which have high level of inflation (like Zimbabwe had before this country fully switched to using the US dollar as official currency), and Bitcoin could allegedly help the citizens of this country fight inflation by converting their savings in local currency (which is quickly depreciating) to Bitcoin. The main problem with this approach is that the population of these countries is extremely poor for the most part, and they have basically nothing to convert to bitcoins (living paycheck to paycheck). So I don't think that Bitcoin can be of great help to all these poor men

[jovs]

For now bitcoin doesn't influence the world economy at all but i'm 100% sure big financial players are aware of bitcoin's presence. And when they decide to step in and play a new game it will change bitcoin and it may also benefit us. Bitcoin can also be influencing when it spreads a lot and more people will get aware about it , it will affect the world economy

It influenced the world economy since it is a multi billion coin that is now used by big investors and many online transaction. It was created and designed to be used by every people in banking online, and making a transaction online. Hence, once its market go down, it'll make a huge impact specially for a huge investors, making an impact in 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?

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

thank you for your opinion, makes sense in that case, because until now there has been no correlation between the rise and fall of the price of bitcoin bring deampak on the economy, maybe in the future it could only happen

[AUDREY23]

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

thank you for your opinion, makes sense in that case, because until now there has been no correlation between the rise and fall of the price of bitcoin bring deampak on the economy, maybe in the future it could only happen

bitcoin has not been widely used by countries in the world so the rising and falling price of bitcoin has been no discernible impact, except bitcoin has officially as a currency and as a means of payment

[anavuajna]

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

thank you for your opinion, makes sense in that case, because until now there has been no correlation between the rise and fall of the price of bitcoin bring deampak on the economy, maybe in the future it could only happen

bitcoin has not been widely used by countries in the world so the rising and falling price of bitcoin has been no discernible impact, except bitcoin has officially as a currency and as a means of payment

You're right. At this time, Bitcoin impact on the world economy is not too large. But we can say with certainty that in a few years the popularity of Bitcoin will grow and increase the impact on the economy cryptocurrency

[Malsetid]

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?

Not yet. I think bitxoin is not yet established in the world markets and it has to be absorbed by governments and big corporations for the price movement to affect world economy by the very least. Though i thinks it's already under the government's radars and we'll just be waiting a couple of more years before this happens. Though the effect of btc price would most likely have a very small effect that it won't be much noticed

[jack1111]

Bitcoin with such market cap can not influence the world economy, as well as it has some legal issues in some countries, I think its situation now is better than 2014 and in 2020 its situation should be better than now.