What would be the possible impact of BTC in the economy of a country?

[hisuka]

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

Its possible impact especially to those none employment they can use bitcoin as they work like here in forum i know many people here have no work. Now many unemployment that get a huge income here.

Well that's one of a good impact of bitcoin to all people somehow bitcoin helps those in need of money or unemployed. One more thing a good impact will bring bitcoin to the economy if this will be legalized is the fast transactions that could save time to all users.

[sofi@]

Bitcoin helps people especially those who are unemployed like housewife who wants to have additional income and because of bitcoin they can earn and become financially stable which in return helps the ecomic growth of their country if people economic status improve then the economic status of a country also improves.

[n0ne]

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

Its possible impact especially to those none employment they can use bitcoin as they work like here in forum i know many people here have no work. Now many unemployment that get a huge income here.

Well that's one of a good impact of bitcoin to all people somehow bitcoin helps those in need of money or unemployed. One more thing a good impact will bring bitcoin to the economy if this will be legalized is the fast transactions that could save time to all users.

That's a way better, but the same doesn't make a big change in the country's growth. In my view bitcoin create an inflow of economy through the bitcoin to the fiat trading. Also in some form users pay tax based on the transactions done. These were all minor growth promoters, and on the whole the technology adoption might lead to a better growth in economy.

[jc89]

It's a combination of both good and bad impact. Good in a sense that more people in a country that supports btc can have access to opportunities of having good profits. Especially that in times like this, a single job can't fully support a family that's why more of us need additional jobs. Btc also have the potential to address unemployment of a country. But the bad side of it is giving criminals a freeway to have their transaction effectively. Illegal transactions have been rampant and btc technology helped them to cover up their crimes.

[fishbonez11]

Bitcoin helps people to gain more money, both the unemployed, low wage people, and actually everyone. Bitcoin, when converted to cash, can increase the amount of money circulating in a country. This is a good thing which thus can boost the economy of a country. On the other hand, if all people and all merchants will move into using bitcoin, then paper money would be useless. It means loss from the production cost of the paper money.

[ajmapalo22]

The impact of bitcoin in country's economy will not matter if people who uses bitcoin of a particular country is not that much bigger in numbers there will only be an impact if full adaptation of bitcoin will be implemented in a country in this scenario if the economic status of their people change and improve for sure this will help their economy to become stable.

[MARK 777]

Bitcoin Used my Anonymous Users So that can’t be controlled by country

Effect only for people So it will up some families from poor

[Ilegendph]

Ofcourse it will make an economy healthy but it depends on how a government will adapt bitcoin. As I see now, those democratic government implements bitcoin with minimal requirements needed to their investors while those authoritarian form of government is having a hard time fixing the regulations and rules to be implemented. To summarized, bitcoin is simply a technology and it depends on how people and government use it will determine its effect to the economy.

[warrior333]

Ofcourse it will make an economy healthy but it depends on how a government will adapt bitcoin. As I see now, those democratic government implements bitcoin with minimal requirements needed to their investors while those authoritarian form of government is having a hard time fixing the regulations and rules to be implemented. To summarized, bitcoin is simply a technology and it depends on how people and government use it will determine its effect to the economy.

Governments do not want to change anything. They think that everything should remain as it is. Their main task is to control the income of citizens with the aim of subjecting them to yourself. Bitcoin makes people independent of the government. They can earn income outside the state. Independent people are difficult to control. This is the main reason why government against bitcoin. But in fairness I will say that the bitcoin will not help the economy.

[Kakmakr]

I agree that due to Bitcoin unemployment would go down, people would start earning money many people think that the economic condition of the citizens would get better correct agree, but when people will only use Bitcoin and not their national currency wouldn't that affect the economy of the nation, the government would not collect the same amount of taxes as before in short the economy of the country could go down. That is what I think..

The fact that people don't have jobs has not much to do with BTC being in the economy or not. Just think about it for a moment. What are the reasons people can't find jobs? Usually the main reason is that economy is shit. If there are no companies willing to hire welders, if you add BTC to the mix new companies in need of those welders won't suddenly start to pop up. For them to appear there have to be contracts from governments/companies that are willing to buy their products and there have to be investors willing to put their money into the projects.

I have to disagree with you on this. New innovation bring new job opportunities. People develop new applications linked to global Bitcoin payment options and these new jobs generate income for unemployed workers. People can now do micro tasks for micro payments. < The signature campaigns on this forum is a good example, where people get paid a few dollars for posting on this forum >

Before Bitcoin people used expensive remittance companies to transfer money from one country to the next, charging high fees for this service. Bitcoin has made micro transactions possible for very low fees under the right circumstances. < When the network are not being spammed >

Even faucets can contribute as a income generation for people in third world countries. < I have read about people who bought food with the faucet income a few years ago >  

[Proton2233]

I don't agree with your arguments. In the IT field, there are no problems with employment even without bitcoin. Competent programmers can always work remotely and get paid for it in countries with high wages. the problem was for those who do not have competitive specialty. They are forced to work only in their own country and earn income at the level of survival. For such people, bitcoin is a way out.

[lenovo16]

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 people views regarding this matters and get some ideas from the tenured people  around these forum.

Actually in our country, government doesn't add any tax when we are exchanging the value of bitcoin in our local money. But not just because they not adding a tax to our money, means they dont have effect in our economy. Of course it has. It lessen the number Of unemployed in our country. Its makes the life of bitcoin user in our country more stable especially in terms of financial. So it help the country to improves its economy little by little.

[Awnar]

Since there will be a lot of people scrambling to get their hands on bitcoins and if that happens since the supply is only limited to 21 Million bitcoins as per the creator of bitcoin stated that means the supply wont be able to fill up the demands of more people making it harder to earn and get bitcoin. Well there are several alt coins that people can also use but since every alt coins also depends on bitcoins price they will also be affected what ever happens to bitcoin.

[bellamae]

I can say what will be the impact of bitcoin on our country's economy. Transactions can speed up such as paying bills, transferring money and shopping, etc. in addition there will be reduced unemployed to a country because you do not need the requirements and investment just to earn it. It's simple just what you need here. Your internet should be strong you have the determination, diligence and assurance here in the forum besides paying for that you have learned a lot.

[Wagako]

I can say what will be the impact of bitcoin on our country's economy. Transactions can speed up such as paying bills, transferring money and shopping, etc. in addition there will be reduced unemployed to a country because you do not need the requirements and investment just to earn it. It's simple just what you need here. Your internet should be strong you have the determination, diligence and assurance here in the forum besides paying for that you have learned a lot.

The impact of BTC in the economy of our country is that it makes every transactions easy. But it is not only the impact to our society but rather every individual will become millionaire through the help of bitcoin. So i think bitcoin is really really good source of income.

[UCHCHILD]

There will be no impact to the main economy of my country why? It is because they do not know any transaction we made, if when do our money came from ot what ever our job is, but once bitcoin got tax then it is the time where economy will going to make movement.

[etraderhart]

The economy rate of a country is measured through the GDP and GNP, and without a proper regulatory system, it is hard o track all Bitcoin transactions which means the government cannot fully record the money that goes in and out of their nation, and that is a bad thing.

[julzcoinbit]

The economy rate of a country is measured through the GDP and GNP, and without a proper regulatory system, it is hard o track all Bitcoin transactions which means the government cannot fully record the money that goes in and out of their nation, and that is a bad thing.

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. The money can only be tracked when it is converted into cash. This public way of managing transactions has created the possibility of a huge revolution in the banking sector across the world.

[evilgreed]

I agree that due to Bitcoin unemployment would go down, people would start earning money many people think that the economic condition of the citizens would get better correct agree, but when people will only use Bitcoin and not their national currency wouldn't that affect the economy of the nation, the government would not collect the same amount of taxes as before in short the economy of the country could go down. That is what I think..

The fact that people don't have jobs has not much to do with BTC being in the economy or not. Just think about it for a moment. What are the reasons people can't find jobs? Usually the main reason is that economy is shit. If there are no companies willing to hire welders, if you add BTC to the mix new companies in need of those welders won't suddenly start to pop up. For them to appear there have to be contracts from governments/companies that are willing to buy their products and there have to be investors willing to put their money into the projects.

I have to disagree with you on this. New innovation bring new job opportunities. People develop new applications linked to global Bitcoin payment options and these new jobs generate income for unemployed workers. People can now do micro tasks for micro payments. < The signature campaigns on this forum is a good example, where people get paid a few dollars for posting on this forum >

Before Bitcoin people used expensive remittance companies to transfer money from one country to the next, charging high fees for this service. Bitcoin has made micro transactions possible for very low fees under the right circumstances. < When the network are not being spammed >

Even faucets can contribute as a income generation for people in third world countries. < I have read about people who bought food with the faucet income a few years ago >  

           Yeah as much as i agree with it, eventually it is just that you guys were saying that bitcoin is not a job particularly, and as much as I am concerned around here, so many opportunities, businesses and many other offers popped out linked in bitcoin and such things that are being called "job opportunities" thingy. Well its not to ruined the statement but that is how it actually works. Like it or not bitcoin is part of what you consider shitty economy.

[Ronaldcoin2017]

I agree that due to Bitcoin unemployment would go down, people would start earning money many people think that the economic condition of the citizens would get better correct agree, but when people will only use Bitcoin and not their national currency wouldn't that affect the economy of the nation, the government would not collect the same amount of taxes as before in short the economy of the country could go down. That is what I think..

The fact that people don't have jobs has not much to do with BTC being in the economy or not. Just think about it for a moment. What are the reasons people can't find jobs? Usually the main reason is that economy is shit. If there are no companies willing to hire welders, if you add BTC to the mix new companies in need of those welders won't suddenly start to pop up. For them to appear there have to be contracts from governments/companies that are willing to buy their products and there have to be investors willing to put their money into the projects.

I have to disagree with you on this. New innovation bring new job opportunities. People develop new applications linked to global Bitcoin payment options and these new jobs generate income for unemployed workers. People can now do micro tasks for micro payments. < The signature campaigns on this forum is a good example, where people get paid a few dollars for posting on this forum >

Before Bitcoin people used expensive remittance companies to transfer money from one country to the next, charging high fees for this service. Bitcoin has made micro transactions possible for very low fees under the right circumstances. < When the network are not being spammed >

Even faucets can contribute as a income generation for people in third world countries. < I have read about people who bought food with the faucet income a few years ago >  

           Yeah as much as i agree with it, eventually it is just that you guys were saying that bitcoin is not a job particularly, and as much as I am concerned around here, so many opportunities, businesses and many other offers popped out linked in bitcoin and such things that are being called "job opportunities" thingy. Well its not to ruined the statement but that is how it actually works. Like it or not bitcoin is part of what you consider shitty economy.

well i think the impact of bitcoin in the economy is really big especially to the financial aspects or the ordinary people around the world.bitcoin is really amazing  .it will really help the economy to rise  because this is a big opportunity to be grab by the people arrount.maybe bitcoin is the great big help on making money online .