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

[naily]

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

[pathapoddo]

It is depand on types of bitcoin uses. If people use the earning from bitcoin in negative way then it will negative effect on the economy of the country.Or if people use the earning  in ppositive  ways then it will positive effect on economy of country.Thank you.

[deadthings]

In my opinion, if the government makes a good "law" and legalizes it, it has the same pros as far as the world goes forward in the era of the internet and that is necessary.

[Lpim01]

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

As being tax free, is the reason that bitcoin will never give a huge impact to the economy of the country. Practically speaking, government doesn't gained benefits from bitcoin. Only us who are benefiting this as a part of bitcoin community. But if it is happen that we are oblige to pay taxes, then that's the time it will contribute to the economy of the country.

[trecore4]

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 can only see bad impact on the national economy because for now investing into bitcoin is really one way procedure. There money which is flowing from the national treasure to bitcoin but it doesn't come back in terms of tax which can be claimed by government in legal way and in turn which can be used for the developing of nation itself. May be thats not good way to go with the bitcoin if seen from the critics reviews.


But, I believe there is positive impact in terms of unemployment problem which can be seen in major cities as well as small one where job opportunities are not much due to digital world around. If government takes it in all positive way then yeah sure it could benefit a lot.

[DevilSlayer]

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 think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

[richkellj]

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

It all depends on the country and the people who are living over there in that country who will decide the possible impact of bitcoin on the economy of their country. If there are number of people who actually know about bitcoin and are investing in bitcoin, then it will have a very positive effect on the economy of their country. It will the economic condition much better.

[websoftwareengineer]

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,

If government will manipulate bitcoins circulation, The value of this coins will reduce because they will be placing tax. Next thing is that, A lot of traders will be disappointed and companies will reduce investors. I hope that government will not control bitcoins in the future so we can still earn more profit.

[BlueStackz]

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

People are getting in the bitcoin and they are increasing the value and the price of the bitcoin at the huge level as now all the people are aware of the bitcoin and the bitcoin price and the value on time to time increasing and the people are turning the bitcoin, I use the bitcoin and I know in the future bitcoin will be the world currency and all the people will be aware of the bitcoin and the importance of the bitcoin.

[Monnt]

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

As being tax free, is the reason that bitcoin will never give a huge impact to the economy of the country. Practically speaking, government doesn't gained benefits from bitcoin. Only us who are benefiting this as a part of bitcoin community. But if it is happen that we are oblige to pay taxes, then that's the time it will contribute to the economy of the country.

Well, even government would not look at you making use of something without having to pay tax for it. Except if you want to do a P2P transaction though, most exchanges would be subject to tax on every transaction which would be paid by every user at the end.

Over time, you will still need to make use of fiat at some point cause not everyone would definitely make use of bitcoin and remember, you will always have to be purchasing stuffs as well and as long as you keep doing those things, tax is just definite.

[MMA]

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 think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

But currently the bitcoin users are consider as less than 2% then how can we suppose that it may have good impact on the economy of a country? I would like to say that it may have impact on the financial status of a single person ,but as a  whole it may only be possible when the users of bitcoin will increase and most of the people of a sate use bitcoin or adopt bitcoin, which make take decades because bitcoin is in its early stage and most of the people even do not have any idea about bitcoin.

[justspare]

the possible good impact for the country dealing with bitcoin is that it decreases the number of unemployment, whereas the bad impact for the country is that they cannot get any taxes from the users of bitcoin so that they cannot help economy of the country mostly.

Well, that is wrong! As long as there would keep being usage for fiats or we will still have to keep buying things and there would always be new startups and existing ones, tax is something that any government can still achieve. Fiats would still remain relevant and exchanges would be controlled and once you are converting to fiat, you damn sure you have to pay tax whether you like it or not.

[rickadone]

I think bitcoin gives great impacts on individuals not on the country in wide economical aspect. people who are involved in bitcoin, they can earn money and free from any taxes of the country. in this perspective, it certainly makes government suffers financial loss.

You can even earn across borders without any third party and no interference and limitations. That is what has made it so much fun. Gone are those days, when paypal would restrict some countries or sending payment internationally would be a problem.

Now, we see so many freelancers on this forum and on the web from different parts of the world doing stuffs and getting paid without stress and that to me, is the freedom we have always craved for.

[n691309]

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,

more source of income would help the economy of the country. this will also the opportunity of the country to improve their economic growth. but the bad side is bitcoin can be used for illegal activities.

It surely will. Imagine those who have been on this forum right now and having kept what they have been earning no matter how little ends up having a much more value for it at the end. This would help more unemployed people to even create more startups, employ other people and then the economy gets better gradually. It is a way in which everyone can just end up being fine at the end.

[yoseph]

The impact has been rather very good, most young people have been drawn towards bitcoins because it provides them with a source of income, most people have entered into the business of buying and selling bitcoins for a profit here so bitcoins has reduced unemployment in my country.

[offlinedragon]

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 think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

But currently the bitcoin users are consider as less than 2% then how can we suppose that it may have good impact on the economy of a country? I would like to say that it may have impact on the financial status of a single person ,but as a  whole it may only be possible when the users of bitcoin will increase and most of the people of a sate use bitcoin or adopt bitcoin, which make take decades because bitcoin is in its early stage and most of the people even do not have any idea about bitcoin.

Just see he economy of those countries who are already using this coin their development rate is much better than those who are avoiding its legalization and on top of it this coin is best known to boost economy and this has happened and this coin bring business to the region and that will give huge boost to the economy and more of it btc will give stability to its using regions and bitcoin will be coin of future,

[3la9l_kolbaCa]

well there are many possible that may happen here. there is an instance that bitcoin can improve our economy in every country in the world there is also chance that bitcoin cannot help to economy because some people think its a scam.

[Sab11]

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 think the impact of btc in the economy of one country is good bitcoin can reduce unemployed people and also reduce poor people bitcoin is very good effect in one economy.

[Reatim]

The impact has been rather very good, most young people have been drawn towards bitcoins because it provides them with a source of income, most people have entered into the business of buying and selling bitcoins for a profit here so bitcoins has reduced unemployment in my country.

I've seen a lot of young people already invested on bitcoin so I think its really good for them. And for the economy of a country bitcoin will help their citizens in turn they can keep the economy going because they have a lot of cash to buy. In short bitcoin has given a sort of purchasing power to some of it. And if ever they would used bitcoin and convert it to local currency and spend it as much, then the government will have additional cash flowing on their economy.

[farwellbit]

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 think the bitcoin has a great impact to the economy of the country. Because bitcoin created many jobs for those who are unemployed. Bitcoin created many opportunities to many people to earn more money.

But currently the bitcoin users are consider as less than 2% then how can we suppose that it may have good impact on the economy of a country? I would like to say that it may have impact on the financial status of a single person ,but as a  whole it may only be possible when the users of bitcoin will increase and most of the people of a sate use bitcoin or adopt bitcoin, which make take decades because bitcoin is in its early stage and most of the people even do not have any idea about bitcoin.

Why the people are saying like this in my country the value and the price of the bitcoin is now more than this a lot of the people are buying the things with the bitcoin and they are investing in the bitcoin so for the present time bitcoin is very high and it is not less than any other currency I am sure the future with the bitcoin is very good and it is definitely improving the economy of the country.

Definitely when there are more buying and more economical stability comes with the individuals then how can you think bitcoin will don’t have any impact on economy of a country. When you think of all the matters related to society, money comes at number one.

If the people are wealthy or even they are up than poverty level, that society is considered as wealthy, and bitcoin helps to make this happen.