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Author Topic: Do you think economical condition can be develop by the help of bitcoin?  (Read 338 times)
machinek20
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February 12, 2018, 11:33:21 PM
 #21

It may seems like possible in short term, but relying on bitcoin to stabilize a country is not proper, bitcoin price is very unstable the volatility is too high, if a country depend on bitcoin, the inflation and deflation will keep on happening, its not good way to run a country, with a proper system bitcoin could help a country to develop but the country should never depend on bitcoin too much
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February 12, 2018, 11:38:54 PM
 #22

It may seems like possible in short term, but relying on bitcoin to stabilize a country is not proper, bitcoin price is very unstable the volatility is too high, if a country depend on bitcoin, the inflation and deflation will keep on happening, its not good way to run a country, with a proper system bitcoin could help a country to develop but the country should never depend on bitcoin too much

Completely agreed!
Judging economy through something that's not stable could cause a ruckus.
Overnight the country can fall below the status they had some moments before..
It's really something that's best measured in terms of gold or fiat.
In a sense we should understand that...
Economic condition is something that has prime importance and judging it through something super unstable could cause the downfall of the whole system.
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February 13, 2018, 12:09:54 AM
 #23

yes I think that's it. with the existence of this bitcoin can improve the condition of the world economy. Why is that? because bitcoin can make people who have no income but can still earn money to fulfill their daily lives

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February 13, 2018, 02:31:55 AM
 #24

Since bitcoins was introduced it has created lots of opportunities to the people. When unemployed becomes employed it lessen the percentage of unemployment in a country. Earnings from bitcoins could be invested in many other purposes thus creating more jobs and income. Though it is not recognized by the government, in some countries I think it has created a big impact to their economy.

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February 13, 2018, 03:10:18 AM
 #25

Maybe if its legally accepted by the government but here in our place it is not yet. But for the people it really help develop their means of living. People who engage with bitcoin have the extra income to sustain the daily needs so from the basic commodities that they buy the tax from it will go to the government so maybe it is a help for the revenue of the government. Maybe now it doesn't have that big effect to the economy but maybe later on as bitcoin grows up and its users increases it gives big impact on the development of the economic condition of the country.
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February 13, 2018, 03:20:05 AM
 #26

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
It seems you do not get the point of bitcoin, bitcoin is a way to get far away from those institutions the last thing we want is for them to try to protect us, and if they do you can be sure it is just a ploy to deceive bitcoin users into giving up their privacy and freedom.
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February 13, 2018, 03:31:21 AM
 #27

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
If security is your concern i suggest you dont go out in the open flashing the content of your wallets. Surely if you do this then you are attracting criminals.
            To make it simpler, bitcoin would definitely have an impact in economy because it is profitable. Anybody who gains profit would uplift ways of living and imagine if a lot is into bitcoin, definitely it would somehow boost economy.

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February 13, 2018, 03:51:30 AM
 #28

the whole economical is creating the money and no limit!
The more money you move in the market, the more it raises pricesIf you want to stabilize prices, we must create a market to attract excess market money! In order to promote economic growth! Create more and more new markets, the economy will grow faster!so,bitcoin/eth/somgthing else,is the market that grow the economy!
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February 13, 2018, 04:53:25 AM
 #29

help from government or national security just a dream for people who live in the country who not support bitcoin. so far bitcoin can continue to grow without help from the government. of course bitcoin can develop economy but the government in my country do not think so.

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February 16, 2018, 01:27:28 PM
 #30

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit.  
In future proper security and more effectiveness of virtual currency  can contribute economical development.

I am not sure to get your point but:

We don't need and we don't want any government or national security for anything with Bitcoin. Bitcoin has been created to give us a freedom from governments and full control of our money, etc. It has not been created to allow the governments to fuck us more.

What kind of security are you hoping for? There are "criminal attacks" without Bitcoin and it doesn't reduce people to work online. Besides this, Bitcoin has not been created to "work online" It's a currency using cryptography, not a job center.



Not sure. But I think we need the approval of the government for this currency to be successful. We can either go underground or just wait for the government to accept, legalize or regulate it.
By having a look at the bitcoin being involved in our lives , how much we are into it, how much we depend on it and how the acceptance or denial of it can affect our lives , all are the factors we have to keep in mind when want to make any decision about the bitcoin.

I think as bitcoin is totally into our lives, the governments needs to formulate a policy regarding so that a user of bitcoin will be sure about what he is dealing with. He will be sure that what he is dealing with is not something illegal or prohibited by the government.

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February 16, 2018, 05:43:29 PM
 #31

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
it seems that all of us here have the same hopes and desires as you say, but still all will not be realized if the government still does not want to open their eyes to the world of crypto. even this could have a positive impact on the country's economy. governments tend to think of FIAT as primarily, but they themselves are confused about it.
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February 16, 2018, 06:03:19 PM
 #32

For me bitcoin is a big help to our economical condition,  because of bitcoin some have started their own business.
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April 10, 2018, 02:04:18 PM
 #33

For me; I think economical condituon can be developed by the help of bitcoin. Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning. So bitcoin can be a big help for this.

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May 03, 2018, 12:28:37 PM
 #34

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
Its doesnt create a direct impact to rhe economy, but then the people who uses bitcoin inside the country are the one who had accepted the effects of bitcoin.Especially for those who arent able to have a job, bitcoin creates a way for them to create their own money.In that way, the life of people goes up and when time comes as well as the economy goes up too.

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May 03, 2018, 12:51:06 PM
 #35

anyone cannot talk at length about what can trigger economic development except for government or economists. But the bottom line is, the economy is governed by the government, while bitcoin is not regulated by anyone, if bitcoin can make the economy better, it means we no longer need the government to regulate the economy and it can cause an imbalance from a country whose economy is not governed by his government.
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May 03, 2018, 01:13:36 PM
 #36

Dependence on bitcoin will not boost the country's economy. High volatility and unstable fluctuations will destroy bitcoin-dependent states. Everyone needs a country's acceptance of bitcoin but the government does not have to make bitcoin a top choice over their local currency.



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May 03, 2018, 02:58:39 PM
 #37

Different people have different opinion but I think bitcoin is new part of  strong currency. We need some help from government or national security for monitoring and providing strong  security for those people who are working into this sector. Even more people are affected by various criminal attack that  reduce  and demotivated to work in online earning.
Now times are changing by the help of different online currency trough which people can earning money and invest these money in different sector for the purpose of getting profit. 
In future proper security and more effectiveness of virtual currency  can contribute economical development.
Bitcoin boost the net worth of an individual and with this we will have a better economic status in a specific country. Bitcoin also lessen the poverty rate of a country because when you invest to bitcoin you will have a good profit but there is also the fluctuations that you should look out. Maybe this is the reason of banning it because the lack of perspective value of the government of what can bitcoin give and the opportunity it might give to people.

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May 05, 2018, 01:06:52 PM
 #38

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate.
Cryptocurrencies have led to the emergence of new markets. Currencies like Bitcoin and Ethereum have opened gates for a new kind of market which unlike present money market is controlled by no one. Cyberspace will rise up as the managing body that will handle and maintain such disruptive markets. The near zero transaction cost (along with other characteristics) has made these currencies even superior to the traditional money we are accustomed to using. What can be surely stated is that it is just the beginning and the number of possibilities is endless.

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May 05, 2018, 01:15:19 PM
 #39

yes it is very possible because economic condition of many people are very porous that they cannot spend 1 dollar per day not for meal therefore it is very necessary that people are empowered by the power of bitcoin to change their financial capability

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May 05, 2018, 01:30:55 PM
 #40

From fiat switch to virtual currency is a good idea but there are advantages and disadvantages. Once the country try this kind of system it should be founded strong enough with more back up in case of unnecessary things to happen. It is not so easy to do that preparation is a must before implementing the system. Actually it is great help if the country who try this will succeed. New history in the world of economic growth from fiat switch to virtual currency.

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