Bitcoin will control the world economy!!!!! is it true?

Quote from: micleeiu398 on September 29, 2017, 06:54:33 PM

This will happen in upcoming years when world will be in the hold of bitcoin everyone will be using it and getting blessing from it and it will control the world economy and I wish that day will be soon. And so that I can trade across the world and change my cash money into bitcoin to live an epic life.

First thing you have to understand is that bitcoin is limited and there is not enough coin for the world to get hold of it Tongue

and the blessings from it Roll Eyes

You can still trade bitcoin across the world if you know about bitcoin and you can cash out through your local exchanges to fiat if you are not aware of it Grin

. To live an epic life you need to have a couple of hundred bitcoins and i am sure you wont have those. Tongue

Bitcoin will be a major player in the economy in the near future.

Quote from: thomasonil on September 14, 2017, 07:08:20 PM

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.

I don't believe that it will control our economy in the future. Bitcoin is just a currency and isn't give a huge impact to the economy. But I believe bitcoin can contribute something to us but doesn't big enough no take control our economy.

Quote from: thomasonil on September 14, 2017, 07:08:20 PM

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.

Yeah this is the truth of the bitcoin power in future because people are making earning that is not possible with simple practical life job, so here we can say that due to the bitcoin we have lots of job and increasing the availability of jobs in practical life, so here we can say that due to bitcoin the grow of having practical life job are going down.
Here the earnings from cryptocurency by most of the people is definite, so grow of people economically results into growth of the country where those people lives, so here we should remain happy that we are bitcoin and bitcoin will make whole world happy with increasing economy.

No. I dont think it will control the world economy.. bitcoin is just a currency.and it is volatile. And yet it plays a big role but its still with us how we handle the situation.

I think bitcoin can not control the world economy. can be seen that bitcoin is just a virtual currency is not basic so how can they control the world economy and if not wrong bitcoin only available 21/23 million so if viewed from the society 1 country numbering hundreds of thousands and even millions of people and they have an average of 1 - 2 bitcoin can be said only 2-3 states alone is enough to have all the bitcoin and other states do not have. how can bitcoin control? it will not happen because no one can replace the original currency of each country.

Well, if bitcoin gets more popular in the future, it could happen. so many possibilities that can happen to bitcoin, even master the world economy. unfortunately bitcoin is very difficult to control, even for a country.

No!,, Bitcoin cannot control the world economy and different country cannot allow it. The contribution of bitcoin in world economy is in only in small percentage because bitcoin is transparent and no one can touch it. Bitcoin purpose is for digital purpose and without internet access bitcoin is useless.

Very unlikely because even though it is the most established digital currency, it is not yet popular enough to be used by a large portion of people in the world. For it to have enough influence in a country's economy, it must have more users in the future.

Quote from: thomasonil on September 14, 2017, 07:08:20 PM

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.

Bitcoin is a global currency, which means it is not a currency of any individual. Since it is a global currency, it can lead the global economy. On the other hand, we the people have power over bitcoin, thus if bitcoin controls the world economy, it means we are the one who are controlling the world economy, thus removing any influence form individual country on manipulating the economy.

I dont think so bitcoin will control the world economy.that will never be happen.bitcoin is only a cyber currency.

Right now the capital of bitcoin compared to the entire fiat is very low, maybe in future the economy of bitcoin will reach a stable level. This won't let the fiat system go down and make the bitcoin control the economy. We're in the early days of innovation taking control of the entire system.

No that's not true, Do you think 21 millions bitcoin can control the world economy, that's not possible.
World GDP in usd dollar 75 trillion dollars than how we can say that bitcoin can control world economy.

It will not control the economic growth but it can increase the value on behalf of the technology behind it. Government concerns about Bitcoin only thing they cannot control the value and there is no involvement in Bitcoin. But technology can easily reach to each and every country.

I agree with you to control the economy of a country that definitely can not but for bitcoin can improve the economy of a country though not comprehensive
Perhaps with the concern of the government that is the reason to consider the legalization of bitcoin for each country.

I do not think that Bitcoin have the power to control the economy. Remember bitcoin is just a code created by a person or group of people. If there is someone to control the economy it is the capitalist and/or the financial instituiton. They have the fund to turn things outside down. They can even take advantage of Bitcoin and spread FUD then buy all of them when people sells. Bitcoin is not that big yet to be able to control the world economy.

Quote from: pitiflin on September 16, 2017, 05:34:32 PM

No man, it doesn't work like that, centralized organizations themselves find it hard to do so and bitcoin being decentralized will hardly make it to the major league as most people use bitcoin for only getting profits and not for contributing to the welfare of the society . Bitcoin contributes a minor percentage in the world economy, and centralized organizations will never let bitcoin to replace them.

In future economy will be dependent on bitcoin. Because everybody will know about its importance and its benefit how it can improve economy .it can be trade across the globe and will improve the import export business, and also economy will gain a lift when bitcoin trade is high. And it will control the economy of world also buy it prices because it will be acceptable to every corner of world.

Quote from: nightways on September 30, 2017, 09:38:04 AM

Quote from: pitiflin on September 16, 2017, 05:34:32 PM

yes i agree maybe someday people well all know about bitcoin but i think it is not nescesary that bitcoin can controll tbe worlds economy maybe it can controll a piece or a small part of the economy but not in the whole world.i think it needs a lot of time.

Quote from: calandra78 on September 22, 2017, 03:38:39 PM

Quote from: muhammad-adnanzain on September 15, 2017, 05:49:28 PM

Mybe not because bitcoin status like a commodity, when market demand more bicoin then the price is going sky rocket and when demand is going fall then bitcoin price going down.

Yes that is very true, I wouldn't be able to control the bitcoin world economy. because basically the world economy itself there were several factors that influenced them and that which governs local government or individual States. bitcoin only digital currency that may be controlled on the internet is not the world. and bitcoin itself may just be able to help improve the growth of the economy of the community.

Yes you are right. Bitcoins are just digital currency that is being created in software and they are being controlled somehow through internet. So yeah we wouldn’t say it will rule the world economy but maybe the future deals with bitcoins only so that may happen too.

Bitcoin is already controlling the world economy. People around the world are reacting to Bitcoin instead of acting against it. This is why they tried to stop it and this is why they don't like it. It's a protocol that has too much support to be stopped now.

Bitcoin is on its way to controlling the world economy yes. I'd even say it's already controlling the world economy as more and more people are joining the network everyday as they're becoming live to the fact that a centralized economy is not the one they want.