whether bitcoin influence on the world economy?

[CyberKuro]

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 doesn't affected by price of basic commodities, it's simply affected by global trading volume.
Basically, price of basic commodities will rises if supply limited but demand keep increase and depend on government regulations.
The only thing that matter with world economics is the high price of bitcoin compare to goods prices which you could purchase more than only use fiat money. If more merchants start to accept bitcoin payment, that would be great for our economy.

[sportis]

I absolutely disagree and I am fairly confident that bitcoin affects world economy. The most of the members answered they wrote about the price and market capitalization etc.  But it is beyond the price and concerns the way people transact each other. Till now most countries except cards and web banking use paper money as cash. But recently we see a turn to paperless digital economy from some strong economies. All of these try to explore and experiment with blockchain and their implementations of coins. Could anyone thinks that these sudden movements and conversations were made by chance? No banks became aware of  bitcoin's capabilities its increased popularity, they observed that is flexible and they understood that is time to do something before train leave for ever.

[slapper]

Bitcoin is usually affected by the world economy. As you can see, the more volatile the economy is, the more Bitcoin prices increase. However, in the future, we all expect that Bitcoin will have some important effect on the world ecosystem since right now more and more people start consider it as a type of currency.

[Amph]

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 doesn't affected by price of basic commodities, it's simply affected by global trading volume.
Basically, price of basic commodities will rises if supply limited but demand keep increase and depend on government regulations.
The only thing that matter with world economics is the high price of bitcoin compare to goods prices which you could purchase more than only use fiat money. If more merchants start to accept bitcoin payment, that would be great for our economy.

well it depend if everything is dumped at the same time, for everything i mean multiple stocks and commodities, then you there are more chances to have bitcoin to increase in the near future

the money simply move from one place to another, it's the same with bitcoin vs altcoin

[coinplus]

well it depend if everything is dumped at the same time, for everything i mean multiple stocks and commodities, then you there are more chances to have bitcoin to increase in the near future

the money simply move from one place to another, it's the same with bitcoin vs altcoin

When everything is getting dumped means alternate investment will be getting pumped. When economic situation of one country seems unstable it will happen.
I guess for bitcoin to influence this world, we do not need  to depend on an instability of one particular country, instead of just having mass adoption of bitcoins will be more than enough.

It is already happening means bitcoins already start influencing the world economic and influencing daily life of a human.

[deisik]

I absolutely disagree and I am fairly confident that bitcoin affects world economy. The most of the members answered they wrote about the price and market capitalization etc.  But it is beyond the price and concerns the way people transact each other. Till now most countries except cards and web banking use paper money as cash. But recently we see a turn to paperless digital economy from some strong economies. All of these try to explore and experiment with blockchain and their implementations of coins. Could anyone thinks that these sudden movements and conversations were made by chance? No banks became aware of  bitcoin's capabilities its increased popularity, they observed that is flexible and they understood that is time to do something before train leave for ever.

I'm afraid that we have yet to see anything of substance coming from the alleged flirting of banks and governments with the blockchain technology. Really, Bitcoin (and the blockchain) has been around for over 7 years already. Does it take 7 years to get understanding of how Bitcoin works and whether it is suitable for them at all? I think 7 years is more than enough to show something working to the general public. But we are nowhere near that...

What we have seen and heard so far are just empty talks and unconfirmed rumors

[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?

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?

ok, good opinion I like it, it is true I have never bought a staple using bitcoin, because there is no relation between bitcoin and the economy affect each other

[CROYA86]

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

then the number of the number it holds bitcoin world very little if dilhat of numbers that you love to know earlier means the ratio is 1: 3
one for bitcoin users and nonusers were 3 for bitcoin

[Supercrypt]

bitcoins already start influencing the world economic and influencing daily life of a human.

It is true as the definition of influencing world economy does not need to be part of a country's policies. Just starting from a common man's life style influencing will be more than enough to consider the impact of bitcoin in the world economy.

When mainstream adoption of bitcoin will be happening, I guess more influences we are going to experience. I am too eagerly awaiting for more of these experiences.

[tyz]

Not at the current state. Bitcoin has a market cap of 13 billion $. The daily transaction volume is between $200-500 million a day. This is not much compared to many many national currencies of even some countries. For that reason, I do not think Bitcoin can incfluence the world economy at the moment.

[Kevin77]

Not at the current state. Bitcoin has a market cap of 13 billion $. The daily transaction volume is between $200-500 million a day. This is not much compared to many many national currencies of even some countries. For that reason, I do not think Bitcoin can incfluence the world economy at the moment.

Still those $200 to $500 millions are too big to consider the influences bitcoin is creating by replacing fiats.
I mean if all those transactions will be happening within one country or with one type of business then surely we will be agreeing about the dominance of bitcoin's on one particular sector.

Unfortunately even bitcoin has all the power, it was scattered across different measurements making us unable to realize how much it is actually influencing on world economy.

[MMA]

Not at the current state. Bitcoin has a market cap of 13 billion $. The daily transaction volume is between $200-500 million a day. This is not much compared to many many national currencies of even some countries. For that reason, I do not think Bitcoin can incfluence the world economy at the moment.

yes that is a good analysis, i also think that currency bitcoin cannot change the world economy at all, but in future when the users of bitcoin will increase then we can expect that it will certainly bring some changes in the world economy, and we can hope that it will bring a positive change to the world economy.

[jackydm168]

Bitcoin is now not enough to affect the development of the world economy. A drop of water can affect an ocean, no, it is too small.

[Wandering Soul~]

As of now bitcoin isn't even recognized as a currency by most countries so it has no effect on the world economy, Might happen if the massive adoption becomes real and the goverments recognize it but it will be really difficult as banks and goverments are very wary of it and it can pose as a threat to them cause it allows people to manage their own banks and can be used to illegal activities .

You might wanna check the documentary bitcoin the end of money as we know it . It explains bitcoin and its possibilities .

[slapper]

UP to now, I have not seen any obvious effect of Bitcoin to the world economy yet. However, according to what experts say, I believe that it will play an important role in the future. As you can see, Bitcoin has been used by million of people and there are many of them use Bitcoin as a type of currency in trading. The more they use Bitcoin, the more affect Bitcoin to the world economy

[audaciousbeing]

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?

There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.

[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?

There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.

How could it possibly threaten the "world economic order"?

At max, it could threaten the stability of weak currencies like the Venezuelan Bolivar and the governments of these countries, but like I said it elsewhere, this "disadvantage" will get without doubt used by stronger governments (like the US, for example) for their own purposes, often nefarious. For example, that would make a perfect case for overthrowing existing governments very much along the lines of what happened during the so-called Arab Spring purportedly initiated by Washington, DC. No one knows exactly who is behind Bitcoin, so don't get surprised if it was conceived somewhere in Langley

[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?

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.

thanks simple and clear in essence this may help for the newbie to understand the effects of bitcoin, bitcoin turns out that there is no correlation between the bitcoin economy rises with the price of staple {}
when there is also just a little

[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?

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.

hopefully the assumption it could quickly disappear, and hopes acceptable bitcoin many countries as a means of payment is authorized, so users bitcoin will increase the population, if it happens it will be a big change for the consumer

[wahb]

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?

There is a possibility to that and its even making it happen now to the extent that in few years to come it might even threaten the world economic order and that is why governments that are hostile or discouraging its citizen to use the  digital currency are trying every means to kill it because they have for seen that if this trend is going unchecked then we might have ourselves to blame. From the loss of revenue to the loss of control of the populace if they are able to control their own finance among other things that might happen.

but i do not think that it will create any bad effect on the price of bitcoin. i can hope that it will turn the world economy more stale providing equal opportunities to people in all over the world. so  i think this statement is not right that bitcoin can create bad impact on the economy of the world