Can bitcoin improve the economy of a country?

[Genemind]

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?

Yes this is absolutely true. I also believe that bitcoin can improve a country’s economy. Bitcoin is also considered as money. Therefore, it will also be considered as an asset of a country if many of it’s citizens have it.

[Potatohead]

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 it does, because of bitcoin circulation around the world. The amount of money your country has increases depending on the amount of bitcoin that is held by the people on each country.

[Nathland]

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?

Yes I do believe that bitcoin can help improve the economy of a country. Directly not sure upto what extent, but it can help certainly help indirectly by providing employment. With the help of bitcoin a person can earn money in the form of bitcoin currency and then he or she can exchange it for paper currency. So there are lot of ways by which one can start earning bitcoin. Firstly by joining signature campaign where he or she has to post on relevant topics and in return they are paid. Secondly one can start bitcoin mining. They one can gamble bitcoin. But it’s a risky. Then bitcoin can be earned via trading also. So when people will start earning money they will be able to come out of poverty and in the end will result in improving the economy of the country in whole.

[megynacuna]

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 it does, because of bitcoin circulation around the world. The amount of money your country has increases depending on the amount of bitcoin that is held by the people on each country.

Of course through the local exchanges bitcoin can infuse foreign exchange into any economy in this world and by so doing improve inflation rate and the governments purchasing power. It can be a real boost to a dormant economy.

[hahay]

With so many bitcoin users in a country it's been proven that bitcoin can improve the country's economy. Because if bitcoin does not have good value then bitcoin users will leave bitcoin, but in fact bitcoin users continue to grow and this is a public awareness because by using bitcoin can improve their economy.

[Pettuh4]

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?

Yes I do believe that bitcoin can help improve the economy of a country. Directly not sure upto what extent, but it can help certainly help indirectly by providing employment. With the help of bitcoin a person can earn money in the form of bitcoin currency and then he or she can exchange it for paper currency. So there are lot of ways by which one can start earning bitcoin. Firstly by joining signature campaign where he or she has to post on relevant topics and in return they are paid. Secondly one can start bitcoin mining. They one can gamble bitcoin. But it’s a risky. Then bitcoin can be earned via trading also. So when people will start earning money they will be able to come out of poverty and in the end will result in improving the economy of the country in whole.

It can if majority of it's citizenry work  for offshore companies and they receive bitcoins as payment and through that the exchanges in those countries accept them in exchange for the local fiat currencies. It will create a demand of ther local fiat and the economy will strengthen.

[Black Angel]

Of course, if there are many people who get benefits for example to get rich and they open jobs for others of course directly bitcoin help the country's economy.

[szpalata]

Of course, if there are many people who get benefits for example to get rich and they open jobs for others of course directly bitcoin help the country's economy.

That is true, it can create employment for the citizens if more exchanges dpring up as a result of Bitcoin, the exchanges will hire employees and these employees ease offf unemployment from the government and these employees will also spend their salary in the same economy and make it better.

[scott btc]

Of course, if there are many people who get benefits for example to get rich and they open jobs for others of course directly bitcoin help the country's economy.

it's not the answer, there is no tax if you accept bitcoin on your business and bitcoin make it more efficient and also give less output then you will get more profit when you use bitcoin as the payment. cmiiw

[miltonpogi]

Yes i do  believe that, bitcoin can help to improve  the economy of our country, just like Japan they see that bitcoin will help their country to have progress. As I see and observed the country that accepting bitcoin become more wider and the bitcoin price has extremely rising, this situation will give an opportunity for all investors in our country to make more money, and in the near future, I think that bitcoin will become like USD that can use in transaction around the world.

[pathapoddo]

Yes,bitcoin can change the economy of any country.If the jobless people take it their income source or work place they can earn their best.And it will help their country.unemployment is a curse to a country.so if they work in bitcoin it will change their economy & also their country's economy.

[choirunn]

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?

If the government can regulate and control bitcoin, of course the bitcoin can improve the economy of a country. Many benefits if that happens, no administrative costs are required, although there is still transaction fees, and of course taxes from bitcoin transactions can improve the economy of a country.

[Sled]

Of course, if there are many people who get benefits for example to get rich and they open jobs for others of course directly bitcoin help the country's economy.

it's not the answer, there is no tax if you accept bitcoin on your business and bitcoin make it more efficient and also give less output then you will get more profit when you use bitcoin as the payment. cmiiw

If you have business that is registered within your country then it is taxable because the government needs your statement of your income and they will tax it for example, they will tax it for 12% and that 12% will be deducted to your income and that is why you are still vulnerable for taxation and even you are accepting bitcoin you still need to declare your income.

[geopolisch]

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?

In my own point of view,it can definitely address the economies number problem which is poverty. Once this burden be addressed then this alone improves economy of a certain country. Because in bitcoin, its purpose is to earn money, therefore it could solve problems of economy.

If the citizens of a certain state will earn through bitcoin then definitely the overall economy of that state will flourish. Bitcoin is a good option for unemployed people who have good understanding of technology or even if they will simply read some articles related to bitcoin, earning it won't be a difficult task. Bitcoin is the solution to all the economic problems.

[konco_kenthel]

If in my opinion it can be realized but the residents gladly should be able to accept the existence of bitcoin well so that in realizing a more advanced economic system is likely to be implemented quickly because the population earns every month.

[Gheka]

Yes,bitcoin can change the economy of any country.If the jobless people take it their income source or work place they can earn their best.And it will help their country.unemployment is a curse to a country.so if they work in bitcoin it will change their economy & also their country's economy.

Agree with you that bitcoin can change the economy of a country but that is in the case, the unemployed and the low income people earn money with bitcoin, but you should know that the number of people who know about bitcoin in each country is still too low. In addition, not everyone can succeed and make money with bitcoin, many people now know about bitcoin but they still can not earn money with it. So Bitcoin can improve the economy of a country is correct, but that is only in theory, the fact is that very difficult to happen

[tyronecoinbit]

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?

In my own point of view,it can definitely address the economies number problem which is poverty. Once this burden be addressed then this alone improves economy of a certain country. Because in bitcoin, its purpose is to earn money, therefore it could solve problems of economy.

If the citizens of a certain state will earn through bitcoin then definitely the overall economy of that state will flourish. Bitcoin is a good option for unemployed people who have good understanding of technology or even if they will simply read some articles related to bitcoin, earning it won't be a difficult task. Bitcoin is the solution to all the economic problems.

Definitely, those jobless people can earn money through bitcoin if they're into technology. It will help improve the economy coz it will lessen those jobless people. If only those jobless people knows about bitcoin, and can afford internet access and a gadget.

[Bestpromoter]

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?

yes there are too many country now accepting bitcoin as a mode of payment but we have to accept that not all of the people will use bitcoin because there are many people that are using bitcoin in badways.

[plaintiff77]

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?

In my own point of view bitcoin can really improve the economy of a country because here in this site you can earn money if you exert time and effort.with bitcoin it can lessen unemployed people because here in bitcoin they can earn alot of money if they work hard so they can support their daily needs and if most of the people will use bitcoin the economy of a country will increase because bitcoin can lessen unemployed people.

[Allan Ramanda]

bitcoin is a digital currency that you can trade and invest in, of course bitcoin can change the economy of citizens. therefore every government wants to control bitcoin completely.