whether bitcoin influence on the world economy?

[BitFinnese]

It may have an effect or influence to a single persona but in a world wide scale, it has little to no effect.  First, the bitcoin base user is too tiny to make an impact to the world economy.  Second, has been discussed by deisik.

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

There is too little usage of Bitcoin in real market. and most are either kept or used in trading, that does not actually flow thru payments for commodities.

[deisik]

$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.

Apple is valued well over 600B dollars by the stock markets

But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets

[CROYA86]

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

Thank you your opinion is very interesting for me, means there is no relationship between the price of bitcoin and economic conditions

[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.

precisely your opinion, because there is no recognition of many countries bitcopin as an official means of payment, keep prices stable bitcopin yet sometimes up high in no time and then immediately fell sharply
if it happens, and no effect on the economy then all would be chaos in the market price, which is based on the value of bitcoin

[Sithara007]

$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.

Apple is valued well over 600B dollars by the stock markets

But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets

I would disagree with you on Apple market cap. The market cap is mostly based on the annual revenues (their net income was US$45.687 billion in 2015), rather than speculation. A part of the value may be due to speculation, but the proportion is lower when compared to some other stocks, such as Tesla Motors Inc and DexCom.

[deisik]

$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.

Apple is valued well over 600B dollars by the stock markets

But even this value is nothing more than pure speculation. Could we use this value to gauge the effect that Apple has on the US economy (and the economies of countries where Apple's plants are located)? I guess this would be an exercise in futility mostly. Obviously, we should judge by the amount of goods it produces and profits it earns, how many people work in this company, and similar things connected to real economy and not so much with unstable and wavy financial markets

I would disagree with you on Apple market cap. The market cap is mostly based on the annual revenues (their net income was US$45.687 billion in 2015), rather than speculation. A part of the value may be due to speculation, but the proportion is lower when compared to some other stocks, such as Tesla Motors Inc and DexCom.

It is not just a part of its value, it is actually most of its value which is based on pure speculation. Some companies might have higher P/E ratios (ratio of a company's share price to its annual earnings per share), but that just means that their shares have more speculative component in the price of the share. Apple's P/E ratio as of yesterday (January 13, 2017) was 14.36. This value basically means that you would need over 14 years just to break even with Apple's shares...

Now good luck to you trying to persuade anyone about how little speculative value is in that figure

[alyssa85]

It has had an influence in that FinTech is a brand new industry that is built on the idea of blockchains, and they're employing quite a number of people on good salaries. Whether anything will come of it is another thing altogether.

[olubams]

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 will say the price of bitcoin is yet to have enough impact to have influence the world economy. Because looking at the number of bitcoins we have in circulation, which is a little above 16 million as reports have stated, and also some people will have as much as 10btc or more meaning that the spread is not still enough to make the move that can change the world economy and that I guess is the major reason why countries are still shying away from having a real discussion in that area...

[BingoDog]

Maybe doesn't influence directly but all big financial players are aware of bitcoin's presence so they now they have to change the rules of the game they were playing before bitcoin came to the scene and that could be benefit for all of us. If bitcoin addoption reaches realy high levels that could influence the world economy seriously.

[RhodaGila]

I think this time such a thing has not happened and there is no relationship with bitcoin. The government has not acknowledged the existence of legal bitcoin as a currency for trade transaction in general. The community is also still a lot and do not know bitcoin, functions and their role, so users of bitcoin is still within the scope of a limited but comprehensive.

[kryptqnick]

The price of btc was like a few dollars and then suddenly became a few hundred dollars. Did anything happen due to this to the world economy? I don't think so. I suppose now bitcoin is not really influencing anything much but it will when more people will use btc, especially if they are to use it instead of local currencies or even USD and Euro. Even if they don't use it but just keep their money in btc - this might have an impact.

[raven7886]

possible bitcoin prices affect the world economy?

Price of bitcoin is nothing but an indication of how much popularity currently bitcoin has gained. In other words, more the bitcoin value, more the influence bitcoin will be having on world economy.

Already bitcoin is impacting in many businesses like PayPal/western union / digital markets which might be leading into influencing economic of some countries indirectly due to loss of revenue and proportional taxes they need to pay. Still, influence will be negligible but we can expect more when bitcoin will be having mainstream of adoption along with huge price levels.

[Kasabus]

possible bitcoin prices affect the world economy?

Price of bitcoin is nothing but an indication of how much popularity currently bitcoin has gained. In other words, more the bitcoin value, more the influence bitcoin will be having on world economy.

Already bitcoin is impacting in many businesses like PayPal/western union / digital markets which might be leading into influencing economic of some countries indirectly due to loss of revenue and proportional taxes they need to pay. Still, influence will be negligible but we can expect more when bitcoin will be having mainstream of adoption along with huge price levels.

Maybe there's a change of economic movement when the things might happen soon ,if the world will now using bitcoins as means of everything then theres the possibility that its influence really affect the world economy.Change might happen in terms of paying taxes and everything evolves around the world.There are lots of possibilities that bicoin will continue to rise high in the world market.

[Blackdeath]

I think this time such a thing has not happened and there is no relationship with bitcoin. The government has not acknowledged the existence of legal bitcoin as a currency for trade transaction in general. The community is also still a lot and do not know bitcoin, functions and their role, so users of bitcoin is still within the scope of a limited but comprehensive.

Government would not support bitcoin. They won't not encourage people to invest in bitcoin and use it as means of payment because they can't get tax from it. Sooner, it'll influence community because of its platform. Making it more popular to be used as means of payment.

[legendbtc]

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?

Till now there is no big impact on world economy because still no government has taken control of this bitcoin like gold, may be in coming days if it accepts as commodity like gold than there will be a big impact on the market due to it's price.

[hoop]

   Are there any statistics on the exact number of user of Bitcion, In my opinion this number is still too little for the world's population numbers. bitcoin still a very long career in front of him affect world economy

[socks435]

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?

Till now there is no big impact on world economy because still no government has taken control of this bitcoin like gold, may be in coming days if it accepts as commodity like gold than there will be a big impact on the market due to it's price.

I think government and other people are still afraid about bitcoin because of the movement of the price unlike other payment processor..
The price of bitcoin is increasingly fast. and government will still not allowed bitcoin because of this..
Look at some other payment methods like paymaya cashless that you can also use without credit  its a vcc that you can deposit like here in my country 
they are the same as e-money like bitcoin but paymaya still much trustable than bitcoin because many illegal activity happen with bitcoin..

[hisuka]

I think bitcoin has not yet influence on the world economy. As we can observe bitcoin is not yet recognized in other countries. Some countries and some people didnt know what is bitcoin. Even here in my country other people doesnt know what is bitcoin. Lastly, government doesnt control yet the bitcoin growth and its use.

[Qunenin]

In my part, I guess the bitcoin status does not affect the real economy in the world since we are small volume of users so once we reach more users I guess we can shake the economic status in every country that uses bitcoin.

[severaldetails]

There are at the moment about 7.5 billion people on the world.
The market capitalization of bitcoin right now is at about 13 billion dollars.
That would mean in average everybody has about 1.5 dollars in bitcoin.
To me that does not sound to be a big number in the world economy.