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Author Topic: What would be the possible impact of BTC in the economy of a country?  (Read 3183 times)
shendy
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March 19, 2018, 03:22:41 AM
 #201

Just wanted to know people ideas on what is the good and bad impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,
If the country has legalized Bitcoin definitely in the country Bitcoin will be taxed. And the impact is taxed would be very good for a country's economy. Bitcoin will be of great help to make the country more prosperous. In addition to a more prosperous country economy will be more prosperous society.

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March 19, 2018, 03:33:24 AM
 #202

If it has been legalized then it will probably have a good impact on the economy of a country, that is, there will be investors who invest to a country. If it is still illegal, perhaps the government of a country has a concern that it will adversely affect the economy of a country. what if buble breaks occur?

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March 19, 2018, 08:10:56 AM
 #203

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,

with the new currency will surely have an impact on the economy of a country, let alone the bitcoin currency is internally renegotiated as a means of digital payments, must transactions of the online world more rapidly and the economy of a country will advance
In this case it decreases the economy of a country due to the decrease in taxes. It is providing facilities to people and people save their money in form of bitcoins rather than keeping their money in banks, which also cause tax to pay and bank charges may apply. Bitcoin decreases the tax amount by one side but by other side it is facilitating people and helping them to get rid of banks.

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March 19, 2018, 09:13:18 AM
 #204

Digital encryption can attract a lot of foreign capital to the country.

Attract talented people, create jobs, increase the tax of the country!

Raise the national awareness!
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March 19, 2018, 10:54:59 AM
 #205

Bitcoin can be an economic booster of a country.
Consider Japan for instance, who don't hesitate to embrace the technology and adds 0.3% to their country's GDP.
Hence, they are already a top progressive country but in the name of progress, they adapt and utilize it.

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March 19, 2018, 11:14:24 AM
 #206

It can help make the economy to lift up. Since the purpose of bitcoin is helping millions of people earn big amount of money. It is life changer and it is for the betterment of a country's economy.as we all can see some countries who recognize bitcoin, they are better performer compared to some countrie who dont.

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March 19, 2018, 11:29:05 AM
 #207

The impacts of Bitcoin in the Economy is very numerous, but to mention a few is that the Bitcoin users can be fully engaged in it and earn handsomely well if he actually knows what he is doing. It is also bold to say that since Bitcoinners can get well his standard of living through Bitcoin, there's that tendency of his assisting his community on some social amenities expected of Government. He can also employ the unemployed, etc. The only negative effect is just its being Decentralized nature where the Government is unable to control it, and rather give no support whatsoever to Bitcoin.

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March 19, 2018, 11:32:20 AM
 #208

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,
Of course it will be hard to know, but Bitcoin has a positive impact on every individual where people can invest some of their wealth to gain a profit in the future, which means Bitcoin has helped the world population, I think the use of Bitcoin will be Beneficial in terms of economy, Bitcoin means a very positive impact for the economy of a country.

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March 19, 2018, 11:58:33 AM
 #209

Bitcoin can very much help in boosting the economy because it has a very high potential to increase in price in light of more and more adoption which will in turn help the economy. Also citizens can make a lot of money from buying and investing in bitcoin when they buy low and hold for the price to go up which is turn just adding to the economy.



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Rubble898zaitO
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March 19, 2018, 02:07:21 PM
 #210

I think Bitcoin has a great positive impact on the community and the economy since people are earning good amount of money from it, their lifestyles will change, the more things they can and will buy for their family and loved one. The more people will have a great source of income, then the bigger the contributions to the economy will be since they will be spending this money within the community.
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March 20, 2018, 04:56:38 AM
 #211

Bitcoins evolved to break the economoy stability of the country that will adopt it because they are infected with scam and ponzi
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March 20, 2018, 05:22:15 AM
 #212

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,


People might have a big impact to be a good living for a good lifestyle because of bitcoin but  for affecting to government economy because of the new type of mode of generating income which is digital crypto currency, I think it is probably remain for a stable source of income by each  country not to be  suffered for what bitcoin's do for the people. 
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March 20, 2018, 06:02:30 AM
 #213

I think impact of BTC in the economy of country is unemployment go down. Many people work in here and little people work in office. They choose work in here because he can spent time with family in their home during activity and I think work in crypto give more than profit than people work in office Smiley

Yes I agree with you about that little people work in office. Who would say no to time freedom. It is much better if we are in control of time most specially if we have love one like children to raise. Good salary income and doing the job at home. A better job opportunity. There's no need for transport to go to work.

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March 21, 2018, 10:52:48 AM
 #214

If it has been legalized then it will probably have a good impact on the economy of a country, that is, there will be investors who invest to a country. If it is still illegal, perhaps the government of a country has a concern that it will adversely affect the economy of a country. what if buble breaks occur?
I’m not really sure of that, but if I’m right, for every group of persons to benefit from a particular market, there will always be a group that loses for the others to win. So that means that if there are countries that are being favored by Bitcoin, there will always be countries that are losing or being affected negatively due to cryptocurrency.

Bitcoin can be an economic booster of a country.
Consider Japan for instance, who don't hesitate to embrace the technology and adds 0.3% to their country's GDP.
Hence, they are already a top progressive country but in the name of progress, they adapt and utilize it.
Japan is among the early adopters, so it’s likely to favor them. Some people usually claim that Bitcoin will circulate wealth equally amongst people and countries, but that’s a lie. This is like a game, some people will have to lose for others to earn. Just like in a fight, you don’t expect both fighters to win, one will have to lose for the other to win.
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March 21, 2018, 11:46:35 AM
 #215

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,

It can make the economy up and increase its rate. it can give a good circulation of money, there will be equality because the money that circulates are being distributed to the society equally. Before, to those rich people are the money being circulated, but now even those who are in slums that have internet can be one of them.

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March 21, 2018, 01:15:34 PM
 #216

Don't know much about it really as I am a newbie actually
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May 07, 2018, 09:15:56 PM
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Already a number of threads regarding btcs has been posted, and the most common answer is it will uplift the economy of a nation
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May 17, 2018, 03:24:33 PM
 #218

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,
There may be some sort of effects Bitcoin can affect ones country's economy. It may be a good one or a bad one and that effect is always dependable on how people behave and perceive using Bitcoin in their own personal use. Bitcoin can possibly affect ones economy in a good way if we are seeing that its usage brings up a progressive growth for the economy's sake. On the other hand, Bitcoin can affect on the bad way if it will bring out a negative effect which involves greediness and selfishness of people towards obtaining Bitcoin for their own sakes.

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May 18, 2018, 11:38:10 AM
 #219

Just wanted to know people ideas on what is the good and baf impact of BTC  in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,
I don't think bitcoin has bad effect to the economy of a country, rather I can say that there is a negative because if many bank investors withraw their half of investment in a bank and put in bitcoin the income that will in and out from and to them will is not subject to the tax law but only for this. The advantage, it gives a chance to a jobless someone to have a work, in this case every income that goes into his pocket and use it to buy is a great help for the economy of his/her country if he/she is jobless this will be a great burden of government.

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May 22, 2018, 08:50:05 PM
 #220

Bitcoin will never give employment to anybody since this is not own by government or a private business but it helps people to sustain their needs by having income in doing some Bitcoin  trading and the likes...
Sometime your salary is shot to buy new cloud to replace old ones and with the helps of Bitcoin trading you can have extra money also to go on your during day off...it helps on tourism factor.
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