chip1994
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Activity: 868
Merit: 251
HEX: Longer pays better
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October 18, 2017, 07:01:15 PM |
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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.
For sure a lot of the people are making god income through the bitcoin and they are using the bitcoin for the sake of the income. In the past I was not aware of the bitcoin use properly but now I like it more than before because it is the part of my life so far and the income from the bitcoin is more than double. I like a lot of the sites because it has given me the huge income in very short time. Congratulation, there are not much people can succeed on Bitcoin in a short time as you. However, you should to learn the method save your money or manage your money if you want to use that amount for investment. It will help you can not loss amount of money earned. |
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Himanshu111
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October 19, 2017, 03:41:13 AM |
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absolutely when all of its citizen will adopt to use the coin in their transactions its widely acceptance will move bitcoin price to a new mile stone and soon everyone will use it and revolutionize our world to a new age the digital age
in bitcoin we trust
buy bitcoin
If the government accepts and legalizes the bitcoin,it will be very beneficial for the society.But in the current circumstances and situations,this will not be possible and will not work to its fullest capacity.No country is ready to make bitcoin a legal virtual currency.There are many risks involved in bitcoin as it is not operated by a cental bank or an institution.Infact most of the nations are not in favour of bitcoin.Bitcoin will only be beneficial for the society but not for an individual as the government will charge taxes on bitcoin.The money will definitely help the economy but there will be no profit to the individual. |
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r1nd3m1r4
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Activity: 47
Merit: 0
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October 19, 2017, 03:58:47 AM |
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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?
a lot of reasons a country receives bitcoin because they are ready with the negative effects of the bitcoin they are no longer afraid of inflation or the instability of their economy |
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MMS2017
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October 19, 2017, 04:05:33 AM |
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Yes bitcoin can improve the country economy and it has changed the life style of the people through this. If we look at the macro level if we earn money through bitcoin and to start industries in a country and it is good because they will pay tax on time and through this many labor will work in that factory and it will improve the country economy.
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ruslanv
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October 19, 2017, 04:07:38 AM |
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I don't believe so. It only improves the economy of some teams that use bitcoin. how it can improve the economic system of a place if in some nations bitcoin nevertheless not legitimately acknowledged as a strategy of payment, apart from the govt will have difficulty figuring out the tax from the use of bitcoin
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BartS
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October 19, 2017, 08:28:57 PM |
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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. I do not think bitcoin is going to help to solve the poverty problem, now bitcoin is very expensive and there is not a reason to think it is going to get any cheaper in the future, which means, the ones that are going to benefit from bitcoin the most are the rich and the middle class that take their chances by investing in bitcoin and other cryptocurrencies. |
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logicgate
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October 19, 2017, 08:38:52 PM |
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My answer is NO, now you are wondering that why i am saying that, bitcoin is an online currency and for a country to be economically strong every person annually income has to raise and industries are there for goods production and services, bitcoin can not replace real money and most of the people in the developing countries do not know how to operate a computer and do work online.
The economy of any country is decided by the percentage of its earning citizens and as bitcoin is reducing unemployment by providing income source to many people, it is slowly improving the economy of any country. If we talk about China, then it had actually hurt bitcoin more than any other country so far. It banned bitcoin exchanges and ICOs. |
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dzhan
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October 19, 2017, 08:51:28 PM |
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Yes bitcoin can improve the economy of many countries surely. Bitcoin is already helping so many poor people to earn their living and also it is helping the unemployed people. Governments this way will get less pressure because of the jobless
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scipida
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October 19, 2017, 08:55:10 PM |
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The government is afraid of losing control. So I think the economy of the country here just does not matter
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plaintiff77
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October 19, 2017, 11:18:53 PM |
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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 help improve the economy of a country because bitcoin has a big currency and if alot of people earn bitcoin then they will have alot of money and it will lessen the poor in a country and if those people will spread it out the information of bitcoin to there relatives and friends the it will be a progresive country because of bitcoin. |
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Shishir99
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October 20, 2017, 09:44:28 PM |
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It really depends.
If people of any country acquire higher amount of bitcoin and then price of bitcoin increase then it will definitely improve the economy of a country.
But if bitcoins price drop massively then economy will hampered.
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Renampun
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October 20, 2017, 09:59:38 PM |
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not to help the economy of a country, but to help the economy of people who are experiencing economic difficulties,
Bitcoin's unfortunate country, I think just want to get a new way so that people who live in the country can be free from economic hardship ..
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BartS
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October 20, 2017, 11:11:08 PM |
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if a region discover a way to produce least expensive electrical in the world then indeed. or else bitcoin will not enhance any nations around the world economy
A country does not need to mine bitcoin in order to benefit from it, the only thing they need to do is to pass laws that are bitcoin friendly and charge no taxes on bitcoin earnings, investments on that country will skyrocket and adoption will grow as well as people begin to realize that a lot of money in the form of bitcoin is coming and they are not going to want to lose a piece of that cake. |
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Grapt1961
Newbie
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October 21, 2017, 04:07:06 AM |
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i believe sure , even if some banking companies never take the bitcoin , i believe this may possibly be the future of payments , or it would be great to be . And you know with all the taxes that go to the condition funds it would be a large sum sooo of course i feel bitcoin can boost economy of a region but in potential not right now.
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pavelkdr
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Activity: 25
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October 21, 2017, 05:13:10 PM |
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i think yes , even if some banking companies don't take the bitcoin , i believe this could be the potential of payments , or it would be very good to be . And you know with all the taxes that go to the state spending budget it would be a big volume sooo indeed i think bitcoin can improve economic system of a place but in long term not right now.
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cexylikepie
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October 21, 2017, 06:18:14 PM |
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if a region discover a way to produce least expensive electrical in the world then indeed. or else bitcoin will not enhance any nations around the world economy
A country does not need to mine bitcoin in order to benefit from it, the only thing they need to do is to pass laws that are bitcoin friendly and charge no taxes on bitcoin earnings, investments on that country will skyrocket and adoption will grow as well as people begin to realize that a lot of money in the form of bitcoin is coming and they are not going to want to lose a piece of that cake. You can see Youtube for an example about the opportunity make money online. In the past, Youtube is one of best place for anyone want to make money online, but look at now, many people are wasting their time to work without any salary from this job because the rule and policies of Youtube. (I do not say about famous people, streamer ...). So, take advantage all the opportunities of Bitcoin before others rob it from you. |
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evgeniyosda
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October 21, 2017, 07:37:35 PM |
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If a country that has received bitcoin means a region that will boost its economic system, I hope all nations will accept the existence of bitcoin appropriate now.
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ripti
Member
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Activity: 252
Merit: 10
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October 22, 2017, 12:33:06 AM |
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Bitcoin has a unique feature that lets people work outside the system, which is very important in poor and corrupt countries. Bitcoin has long been instrumental in improving the economy of a country, who are in the world of Bitcoin, and feel that their income earned from Bitcoin has improved.
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dhas
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October 22, 2017, 01:02:02 AM |
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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?
For me , when you get involve in bitcoin and you start earning for it. It has already a connection to the economy of your country. Although not its not a huge effect but still a chance to improve the economy of your country. Sometimes btc can also be a job for someone that is why it also lessen the number of unemployed in your community. And the money they earn from it is the one they use to buy their everyday necessity. |
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Skyshark
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October 22, 2017, 01:57:41 AM |
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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 that is because of bitcoins convenience, everybody can see the convenience of ussing cryptocurrencies and it can definitely change the economy. Its benefits and use are just very helpful for everyone, and we can see that bitcoin is the future of money transactions, that is why many countries now are using bitcoin. |
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