Can bitcoin improve the economy of a country?

[JunoCoin]

Did anyone say in the last 62 pages of this thread that the Bitcoin can not improve the economy of a country?

[1715616464]

1715616464

[tailwate07]

in my opinion, bitcoin can improve the economy of a country. it can increase the gain of each region in a country based on bitcoin user. and in bitcointalk itself there's bounty too that rewarding some token or coin if they succeed. so sooner or later. it will improve the economy of a country. #CMIIW

There is no way that we can deny the worth and importance of bitcoin. Bitcoin is indeed the most profitable thing and it can help you in achieving your dream of getting rich. Bitcoin can for sure improve the economic condition of not only the country but the people living in that country as well. The only thing which needs to be done is to put your trust on bitcoin and that’s all.

[deisik]

Did anyone say in the last 62 pages of this thread that the Bitcoin can not improve the economy of a country?

Yes, I said it on a few occasions here

That said, we can still think about at least a theoretical situation when Bitcoin, or rather some other coin, faster and cheaper than Bitcoin (say, Litecoin) could help improve the economy of a country. If we assume that Bitcoin transactions are instantly fast and infinitely cheap (read free), the obvious case where it can help the economy is when the local currency fails massively. It would likely be of no help to a bigger country like China or Russia due to their sheer size, but for a smaller one like Venezuela it could in fact be a savior of sorts. Perhaps, there are other "use cases" where it could actually work out and improve the economy of a country, especially if it had some advantage before the local currency

[quarkyplum]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Actually bitcoin can help our economy to improve, especially when it is fully accepted by our country. I think that bitcoin is not so hard to accept by the investors because it is open for other opportunities. In addition there are many interesting features of bitcoin. One example was its price volatility.

Yes.Bitcoin is indeed an asset to help improve our economy.It can only be possible if most of the citizens are going to make use of bitcoin and if bitcoin itself will be accepted and implemented by the government.If you look into bitcoin closely,it can really offer a vast opportunities that even unemployed people will be able to earn money just like what employed people are able to earned.

It will create a hot trend make money through trading, investment or speculation. You can see there are a lot of students have became the trader and make money through Bitcoin. Some students had forgot their duty is study and have a job in reality to help their family instead of become the trader and face risks everyday.

[Chrystora123]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Bitcoin can't to change the Country's economy, in fact there are still a few countries that use Bitcoin as a legitimate payment in the country,
I think the reason is because Bitcoin users multiply, so a country glance..

[sana gull]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

bitcoin only changes the economy for its users, if for the country level is still far away, the example of Indonesia, bitcoin users a lot, but not yet changed the Indonesian economy, only change the user's economy only.

No I think you are wrong about bitcoin that it doesn’t change the economy to a country it only change the economy of a person from we observe that if a person economy become good so this is also a good thing for government because they will not work for that person to make his/her life because that person doing it own way.

[Trivelius]

I think so, if bitcoin could be of help to an individual person given a chance others too will somehow learn to adapt the system and grow it is also possible for the improvement of the economy of ones country.

Bitcoin is no doubt very much profitable thing and it can help anyone in making his economic condition better. But the fact is it is not at all possible for bitcoin to improve the economic condition of this whole world and that too all alone.

Bitcoin can play a very major role in making the economic condition of this world better but still there needs lot more opportunities which can help the people.

Of course bitcoin can be a factor to make the economy of a country good because if people invest in bitcoin and getting a lot from bitcoin than government will not worried about them and gave more people profit and also select next people for many jobs u think bitcoin is like a diamond for them.

[BartS]

I think it is possible. From what i see now, bitcoin is a great option for those who are unemployed. Thus, this lessen the poverty that will result to a better economy.

No, you are wrong, if you are living in a place where poverty is high, then you are wrong, money at those places is scarce, for sure they can't even buy their own computer, aside from that, they can't surely afford an internet subscription.

With that said, I am sure only few are using bitcoin, and most of those who are using already have something in life, and they are not too dependent to the government's help.

Well, earning bitcoin is not easy and every day is getting harder since the price is going higher every day, besides you need to have a deep knowledge of how to make money online and this is knowledge that not any people have, if they did, then everyone will be making money online and since we know that is not the case then that means that making money with bitcoin is a lot harder than what we imagine.

[lenovo16]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

Maybe both, for example in the country of China, although there are a lot of bitcoin users and investor there they still choose to banned bitcoin. Maybe because bitcoin doesn't bring a good impact to their economy. Or maybe bitcoin already covertheir economy and they can't control it anymore. I believe that bitcoin can affect one's economy, But im not sure if this effect can be good or bad.

[Heyyyrenz]

Actually bitcoin can't really help improve the country but it may help the country to reduce the unemployment in a country. Just like here in our country the people and the government recognize bitcoin, but even though the country recognizes it not all people are going to be in the cryptocurrency industry since not all the people who lives here are into technology and internet and we all know that the cryptocurrency industry is complicated from to terms up to how it works etc.

Yes bitcoin can help to reduced the unemployment in the country and from it the economy of the country will improve.

[adiksau0414]

In some cases it might be a big help in one's country depending how to use it or how the economy use bitcoin as thier investment scheme.  In other side,  if ever bitcoin will be legalized,  ofcourse tax needed to be implimented because it is already used nationwide.  Those tax can be use for the development of the economy or rather for the use in more specific economic enhancement especially for those who are in the third world country.  We can assume in the NEAr future bitcoin can have a big impact for the economy

[BeGoods]

I think so, if bitcoin could be of help to an individual person given a chance others too will somehow learn to adapt the system and grow it is also possible for the improvement of the economy of ones country.

Bitcoin is no doubt very much profitable thing and it can help anyone in making his economic condition better. But the fact is it is not at all possible for bitcoin to improve the economic condition of this whole world and that too all alone.

Bitcoin can play a very major role in making the economic condition of this world better but still there needs lot more opportunities which can help the people.

Of course bitcoin can be a factor to make the economy of a country good because if people invest in bitcoin and getting a lot from bitcoin than government will not worried about them and gave more people profit and also select next people for many jobs u think bitcoin is like a diamond for them.

Although bitcoin can change a person's economy for the better and give a good effect on the economy of a country but I do not think that the government will then legalize bitcoin just because of it and forget the big risks to be borne like more financial crime and more rampant corruption because corruptors will easily hide their money and their identities in bitcoin. I think it will give a loss and a profit for a country's economy

[Shanmatthew]

I think yes, bitcoin can improve the economy if the people unemployed is using this bitcoin if that people has change his/here life using bitcoin they help the economy. How? Less the peoples jobless. Unemployed people is a major problem of our economy...

[zidanw]

I think yes, bitcoin can improve the economy if the people unemployed is using this bitcoin if that people has change his/here life using bitcoin they help the economy. How? Less the peoples jobless. Unemployed people is a major problem of our economy...

You are right, people who are earning from bitcoin are arguably unemployed and that can contribute to a country's economy, but from some information, bitcoin users around the world are still pretty low, so to improve the economy in a country that has only a small chance.

[Konco126]

Today there are many people in different countries who use bitcoin. Probably because, the price is high above local price. But, there are still many countries that have not allowed sale and purchase using bitcoin. Probably because, the factor laws of state regulations prohibit it. But I'm sure, bitcoin can improve a country for the future. Because, already proven by many people who use bitcoin, the results can change their lives for the better than ever.

[tbterryboy]

Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?

I think one of the main factor is now the role of bitcoin when it comes to transactions and as an another medium for investing.
The fast growing of its popularity in the economy and as a currency is giving hope in a country's economy if will be used and implemented well.

Yes if bitcoin will be used and implemented well in different countries they have a high chance of improving their economy because the value of bitcoin is continuously rising and it is a good sign for investment, a lot of people can gain high profit when it comes to bitcoin.

And beside that, there are also have a lot of people lost many money when they invested in Bitcoin. Profits and loss is normal for the cryptocurrency market. These things always alive around the investor. The market just wait some investors have wrong decision and make those people lose money.

Definitely you can’t call yourself a businessman if you don’t lost even once. These losses are full package to tell you how to cater will loss next time. Now it is up to you how better you learn from these mistakes. Plus, as you said, there are profits and losses in trading. But in bitcoin trading, it is different. You can have as minimum loss as you want, just be wise and be patient.

[lili song]

Yes, bitcoin can improve people's economy especially for unemployement, etc.
They can make profit from bitcoin with trading , open online shop, gambling , and many more.

Yes, it's just like real money but bitcoin provide more advantage than fiat

[tamanegi]

Bitcoin may help to improve the economy but not to solve all the problems of a country. It may serve as a tool in combating inflation and fighting corruption. With this technology it has a great potential  to help poor people by creating and offering job.

[reda]

Bitcoin may help to improve the economy but not to solve all the problems of a country. It may serve as a tool in combating inflation and fighting corruption. With this technology it has a great potential  to help poor people by creating and offering job.

Bitcoin is improve growth for the country future. People will grownup country also grownup. It will improve the people knowledge and get more information for the all country information and how to invest.  People life is country life. So bitcoin help to people improvement.
 If need the check country improvement first you check the country economy. Economy is the important of the growth.   

[atc1-REAL]

It is true that bitcoin has positive effect on the economy of countries and people just need to know the proper way of using it and investing in it. Government should legalize bitcoin to an extent atleast and not completely ban it in their country since it provides opportunity to the people who are not working or already have a job but needs more in their financial needs. People will also learn to invest the proper way if they invest in bitcoin.