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Author Topic: How does bitcoin contribute in global market ?  (Read 164 times)
nursahath07
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December 17, 2017, 01:30:15 PM
 #1

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.
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December 17, 2017, 01:58:13 PM
 #2

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.

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December 17, 2017, 02:40:07 PM
 #3

The bitcoin itself is part of the global market so whatever is invested into it is going into global markets development in terms of investor base. I mean it could be indirect effect really but it is showing it on enormous ways and levels now. The effect is not just limited to investor base and it could really make it via international relations with big traders and merchants too. We are very connected with bitcoin now and there is no limit for that one.

There is still room for the bitcoin to spread in the hearts of top merchants and once this is done on the mass level then it will contribute the global market in the same way as the Visa and MasterCard companies are doing right now. :-)
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December 17, 2017, 02:53:27 PM
 #4

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.
You are right which bitcoin is playing on different field since its not regulated even though its being accepted already on trading platforms and considered as n asset or commodity but don't actually be considered to have a big impact on global market but seeing on its value it can really make some buzz to those people who are veteran on stocks or on forex which do make some trading for years.

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December 17, 2017, 02:55:54 PM
 #5

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


Yes,thats true that bitcoin is big contribution in global market because they help the economy to become progressive in terms of digital currency.bitcoin is a very influential coins business now in crypto market ,thats why there so many altcoins coming out  now in the market  to promote all over the world that bitcoin gives a lot to become the economy more progressive in terms of entrepreneurship.

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December 17, 2017, 03:12:22 PM
 #6

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


Yes, bitcoin has greatly effected the global market. Most of the people are now investing their money in bitcoin rather than other sources because huge profits that bitcoin is able to give.
One of the biggest advantage of bitcoin as currency is 'freedom'. It gives freedom to individual to use their money in whatever way they want without being afraid of government.

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RamonBTC
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December 17, 2017, 03:19:50 PM
 #7

In a way, yes it’s true that the effect of bitcoin in the global market can be felt by the same industry that manipulated the entire system for a long time. It is the best alternative to invest or trade with a much higher interest and profits. If only this will continue in a much bigger scale then it can be the center of it all.
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December 17, 2017, 03:20:55 PM
 #8

Bitcoin can really had a big contribution in the global market. Best example is that, they were now use as currency to purchase goods. Many stores now were accepting bitcoins as payment.
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December 17, 2017, 03:23:36 PM
 #9

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


We can't make a claim about bitcoin's effect on global markeys because the adoption level and acceptance in global markets is now very low. In the future, we'll be able to talk about this more detailed.
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December 17, 2017, 03:25:43 PM
Last edit: December 18, 2017, 08:02:13 AM by webtricks
 #10

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.

That's true.
Nowadays Bitcoin isn't just limited to early adopters or tech people but general public at large have started investing in it.
One of the main sector where Bitcoin has shown significant rise is "Assets and Security Market". We all are aware of CME listing and future trading. But other than that, marginal investment sectors like Mutual Funds, Chit Funds, etc are now considering Bitcoin as their main destination to invest contributors' money.
The biggest buzz about this could be seen in India where Stock Trading Companies are now advising their customers to go for Bitcoin investment and that's why we could see premium of $2000 in India where Bitcoin is trading at approx $22K.
While lurking internet, I found this article showing another acceptance of Bitcoin :


http://c.mp.ucweb.com/detail/b1f94e64e951483886a5f35952b3827f?a=1&uc_param_str=dnvebichfrmintcpwidsudsvnwpflameefut&uc_news_item_id=895563875171605&app=samsung_h5_iflow&entry=samsung&cpmob_browser=samsung&coid=AALM%2Fs4mviOZmnzTNw91PMJQ3X98tJddTDD0NX0Yjk7BrRB9FStvwOs4B0RLVkiyXNI%3D


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December 17, 2017, 03:34:54 PM
 #11

At the moment, what bitcoin does is work as a form of investment.
Originally invented to be a form of payment, it does not serve that purpose anymore.
So I see only two fields where bitcoin still has impact: the financial sector, and the sector of electronics that developes the mining equipment.
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December 17, 2017, 04:53:55 PM
 #12

At the moment, what bitcoin does is work as a form of investment.
Originally invented to be a form of payment, it does not serve that purpose anymore.
So I see only two fields where bitcoin still has impact: the financial sector, and the sector of electronics that developes the mining equipment.


How long you are in the bitcoin earnings bro. I see that you still does not learn aboit the bitcoin usages and investment method. You can bitcoin payment source but it is not used that like PayPal or banking in the world. Still bitcoin bitcoin rocking the working economy with its potential. You just finished in the name as payment mode itself. You are knowledge less baoit BTC only.
Any service or fund can be controlled but bitcoin's decentralized medium will empower the uncontrollable financial pipeline for us.
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December 17, 2017, 06:16:00 PM
 #13

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.
For sure it is not popular at several areas and bitcoin will be high at global market when it will be fully recognized by people and they will trust bitcoin at high level and it is possible when use of bitcoin will be high and people will invest high amount of money in bitcoin and hold it till it goes high, it is right time to buy bitcoin and suggest all friends to use bitcoin and buy it more for safe and secure currency.

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December 17, 2017, 11:57:47 PM
Last edit: December 18, 2017, 12:15:30 AM by Hydrogen
 #14

Quote
How does bitcoin contribute in global market ?

Most global markets cater to the wealthy and elites. The most supported financial and economic programs are wealth and wage re-distribution which tend to make the rich richer while at the same time making the poor poorer.

Bitcoin's greatest global market contribution could be catering to everyone equally. Bitcoin actually is geared towards helping those living in poverty who are too poor to afford things like bank accounts or electronic payment methods. There are none of the minimum account balances, unfair taxes and fees which prohibit the poor from being treated the same as the wealthy by other financial or economic institutions.

In this it may be said bitcoin's greatest contribution is something resembling financial and economic equality representing a stark contrast to our existing status quo.

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December 18, 2017, 09:56:21 AM
 #15


Global market is very different thing and I don’t really think bitcoin has entered into it in anyway due to its decentralised nature really. The decentralisation process has created all new market for the bitcoin which is parallel to the current global market but it is not the same as what we are seeing right now. For it to have global presence we will need bitcoin to be circulated in the real world economic circulation and there has to be some regulatory bodies to control it. This way it can affect the global market by contributing its value to it. So you see we are far from reaching out that market. 

There is still room for the bitcoin to spread in the hearts of top merchants and once this is done on the mass level then it will contribute the global market in the same way as the Visa and MasterCard companies are doing right now. :-)
Yeah sort of, if they come into crypto financial system then they could be the bridge for the connection between parallel global markets. :-)


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December 18, 2017, 10:07:03 AM
 #16

It's still too small to influence the global market. However, the recognition grows rapidly, so the influence will be much more notable soon. And, besides, Bitcoin makes transboundary payments far more easy, so it can affect money transfer systems such as WU.
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December 18, 2017, 10:16:52 AM
 #17

It is correct that bitcoin has contributed a lot to world and its market. Some things are also possible with fiat currency, but some properties that bitcoin have makes bitcoin better than fiat.  Also i guess that using bitcoin is easyer and safer for some people. It is nice to see bitcoin grow and how its changing the world.
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December 18, 2017, 10:55:51 AM
 #18

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


With just nine years of existence, it is actually so hard to determine of the many ways that Bitcoin firmly helped the global economy. Maybe in terms of earnings or income to people who are participating in the Bitcoin bandwagon either just holding the coin or doing some trading -- this can be the best way that Bitcoin is helping people everywhere. However, as far as I know, the greatest contribution of Bitcoin is returning that power to the people where it should really be. We all know that currency can be an important tool to influence the local and international economy and when this can be in the hands of the people those who are fond of manipulating the economy will start to be rethinking their economic understand and developmental models. This is what we call as the disruption and now we are hearing personalities voicing out their concerns against Bitcoin -- precisely one of the many symptoms of the disruption that can be going on or possibly in the coming future.
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December 18, 2017, 02:28:32 PM
 #19

I agree that financial capacity and investing capacity of people/citizens have become stronger as bitcoin continuously emerge. With bitcoins’ good qualities, the economy of countries has been able to improve although it cannot be seen right now, I know bitcoin users can see it too.
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December 18, 2017, 03:28:15 PM
 #20

As of today bitcoin contribute in global market. I think huge contribution most probably to those country who embrace or accept cryptocurrencies.

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December 18, 2017, 05:36:35 PM
 #21

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


Yes, i agree with you, since bitcoin is in the grey area and it is not fully recognized it is not easy to measure the global impact of bitcoins in the global market. But individually bitcoin has made the positive impact all over the world. Even myself has been earning a good full-time income from past one year from bitcoin trading, through this forums, signature campaign and bounty campaigns. Bitcoins is really a game-changing player in everyone's life from past few years and I hope even in coming years they are going to impact the global markets in a positive way only.
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December 18, 2017, 05:51:43 PM
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Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


First things first, Bitcoin has started to dominate almost every big name out there on the list of markets when it comes to valuation as well as total market capitalization. Whether it's Goldman Sachs or Facebook, total cryptocurrencies' daily volume, as well as the cap, is beating them and leaving them behind. Not to forget about the Japanese Forex Traders who are now driving the crypto markets and I believe that someday, even Forex markets will completely involve Bitcoins and BTC's capitalization will dominate the forex too. It's too sweet of a candy to the investors who just bought in at $1 and sat till date.
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December 18, 2017, 05:58:04 PM
 #23

I agree that financial capacity and investing capacity of people/citizens have become stronger as bitcoin continuously emerge. With bitcoins’ good qualities, the economy of countries has been able to improve although it cannot be seen right now, I know bitcoin users can see it too.

Economic status of every people will increase the usages increase on it. If you earn bitcoin in campaigning also that would added income in your earning. It will be increased your salary rapidly. If you technical knowledge which can be useful in bitcoin related projects. Keep use that on bitcoin.
Until bitcoin not adopted as legal money economycial status of the any country will never grows. Some of the countries banned in that list. Keep expect any accept btc soon after Japan.
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December 18, 2017, 06:21:04 PM
 #24

Bitcoin so far helps people to improve their ecominc status because of the fact that it gives additional income to a lot of people around the world. When it comes to global market I think the reason why they say bitcoin contribute to this is that since many people start to earn bitcoin their lifestyle improve and they can even make some transactions outside their country since bitcoin is accepted world wide also at some point other companies are now starting to accept bitcoin for payment even from different part of the world because of blockchain technology.

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December 18, 2017, 06:36:59 PM
 #25

BitCoin is already an international currency. I can send you bitcoin right now. a system that goes from one end of the world to the other. BitCoin proved itself globally. only in some countries this is a little annoyance turned into cash. that's all.
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December 18, 2017, 06:39:27 PM
 #26

There is a growing number in bitcoin transactions and that directly affects the global market and economy as a whole but these transactions are mostly due to the fact that people are getting to know bitcoin and they are earning some of them through various means and campaigns . Others are gambling with it and buying items and services online with it which is in turn expanding the global economic market.
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December 18, 2017, 08:54:31 PM
 #27

I agree that financial capacity and investing capacity of people/citizens have become stronger as bitcoin continuously emerge. With bitcoins’ good qualities, the economy of countries has been able to improve although it cannot be seen right now, I know bitcoin users can see it too.

Economic status of every people will increase the usages increase on it. If you earn bitcoin in campaigning also that would added income in your earning. It will be increased your salary rapidly. If you technical knowledge which can be useful in bitcoin related projects. Keep use that on bitcoin.
Until bitcoin not adopted as legal money economycial status of the any country will never grows. Some of the countries banned in that list. Keep expect any accept btc soon after Japan.
Signature campaign can increase your profit but not as such, because you can earn a limited amount of money from signature campaign and and we even not expecting such an income from signature campaign for living, because the main purposes of our posting is to promote the forum. I think there are so many other source of earning bitcoin like trading and investment through which we can get a good amount of bitcoin in short time, which even we cannot expect from day trading and investment.
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December 18, 2017, 10:27:12 PM
 #28

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.

That's true.
Nowadays Bitcoin isn't just limited to early adopters or tech people but general public at large have started investing in it.
One of the main sector where Bitcoin has shown significant rise is "Assets and Security Market". We all are aware of CME listing and future trading. But other than that, marginal investment sectors like Mutual Funds, Chit Funds, etc are now considering Bitcoin as their main destination to invest contributors' money.
The biggest buzz about this could be seen in India where Stock Trading Companies are now advising their customers to go for Bitcoin investment and that's why we could see premium of $2000 in India where Bitcoin is trading at approx $22K.
While lurking internet, I found this article showing another acceptance of Bitcoin :


http://c.mp.ucweb.com/detail/b1f94e64e951483886a5f35952b3827f?a=1&uc_param_str=dnvebichfrmintcpwidsudsvnwpflameefut&uc_news_item_id=895563875171605&app=samsung_h5_iflow&entry=samsung&cpmob_browser=samsung&coid=AALM%2Fs4mviOZmnzTNw91PMJQ3X98tJddTDD0NX0Yjk7BrRB9FStvwOs4B0RLVkiyXNI%3D

Totally agree with it. crypto-market has created ample of opportunity for investors and traders in order to grow their money with much higher pace than traditional investment schemes. In India also, people are now much interested to buy bitcoin than ever before. Even Indian Fiat-BTC exchange Zebpay has reported that more than  200,000 users are adding with them in a month and expected to add 500k Users Monthly by 2018.
So BTC popularity is growing day by dayin India and all over the world.
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December 18, 2017, 11:42:29 PM
 #29

Bitcoin contribute a lot when it comes global market because it provides everyone the opportunity to invest and make money. bitcoin market is currently selling day and night where everyone can participate unlike the stock market.
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December 18, 2017, 11:50:33 PM
 #30

I dont know if bitcoin has much impact in the global market because it is still not an official currency that is recognize, regulated and implemented by governments so that's wht you can hardly tell if bitcoin has even an impact. Surely there are lot of bitcoin users but only individual's can benefit in bitcoin financially or in their business and i dont think it will affect the global market.

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December 19, 2017, 04:52:34 AM
 #31

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.


The goobal market is affected greatly by the movement in cruptocurrency because some of the markets are accepting cruptocurreny especially bitcoin. AS such the kore it rises the more it can complement the changes in the stocks in the market
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December 19, 2017, 01:37:32 PM
 #32

The bitcoin itself is part of the global market so whatever is invested into it is going into global markets development in terms of investor base. I mean it could be indirect effect really but it is showing it on enormous ways and levels now. The effect is not just limited to investor base and it could really make it via international relations with big traders and merchants too. We are very connected with bitcoin now and there is no limit for that one.

There is still room for the bitcoin to spread in the hearts of top merchants and once this is done on the mass level then it will contribute the global market in the same way as the Visa and MasterCard companies are doing right now. :-)
How would you say it does not serve that purpose anymore? I can see you are on Yobit signature campaign, so if it is not serving the purpose of a payment means, how do you get paid by wearing the Yobit signature ?

We may not be experiencing the best usage of bitcoin now for micro transaction, but at least we know that work is being done towards it. Bitcoin is a part of the global market, but the level of contribution may not be felt hugely now until we start seeing some high level of mass adoption.

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December 19, 2017, 02:47:12 PM
 #33

Bitcoin still cannot contribute something significant to the global market.
An easier way to transfer funds everywhere? Yes, but consider the fees, it's not the best option, PayPal is better.
Currently, bitcoin being used as an investment, people just care how to earn more profits in the future as the price constantly increases over time. Well, since many investors join into crypto-world, investing their wealth which causes the funds spread widely among people who trade bitcoin, consider this as a good thing in cryptocurrencies because I experienced it as well.
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December 20, 2017, 06:33:43 AM
 #34

Well I guess the fact that bitcoin has become an additional income of many people, they use every earnings to support their finances some acquire stuff that are highly valued like cars, gadget and even house and lot and because the economic status of a person improve it will also affect the countries economy because at the end the money earned by people will go to the governments and the cycle will only continue.

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December 20, 2017, 07:07:55 AM
 #35

Bitcoin has contributed and still contributing to the global market, despite the fact that bitcoin is not yet legalized and accepted to the general populous of the world. It contribution in the area of eased in doing business like the fast transactions speed in bitcoin has help to make transfer of money across boundaries easy and fast.
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December 20, 2017, 10:41:04 AM
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Once buying and selling traverses one country and involves people of country A to country B, C or D, then we can conveniently say global trade has taken place. Bitcoin has been able to do and achieve this. One can do online shopping from any part of the world and pay with Bitcoin. An ICO in Asia, Germany, England, Japan could be successfully executed from memebers outside these areas. The list is endless.

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December 20, 2017, 02:11:35 PM
 #37

It's very hard to tell if Bitcoin has influence on global market. The reason for that is that Bitcoin is still not fuly recognized, regulated and implemented in global economy. This is now still functioning in some grey area and it's hard to measure the global impact.
It's true that the number of Bitcoin users is increasing but the impact is on the individual level, those persons influence their own finances or businesses but global impact is not possible to measure.
For sure it is not popular at several areas and bitcoin will be high at global market when it will be fully recognized by people and they will trust bitcoin at high level and it is possible when use of bitcoin will be high and people will invest high amount of money in bitcoin and hold it till it goes high, it is right time to buy bitcoin and suggest all friends to use bitcoin and buy it more for safe and secure currency.
That full recognition is what is expected now and later in the future and it won't just happen overnight as it is going to be gradual. Bitcoin still has a lot going for it and this year has really seen some pretty much level of development than the past years, but I am very optimistic that even though the contribution to the global market is not huge now, we are just about starting, but to me, it is gradually making some good impact already on the market.

Maybe now that bitcoin is stepping gradually into the mainstream, we may start seeing how it contributes to the global market, but for now, I still feel it does not have that pretty much effect yet which is why the governments are still very much relaxed.

Micro transactions are not even that easy for now until all the scaling stuff is finalized and by then I am sure a lot of things would change hugely for bitcoin, but we just have to wait and see.
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December 20, 2017, 02:15:12 PM
 #38

Bitcoin pays a lot for the crypto market which contributes 50-70% of the market capitalization at the moment. It promotes the trader and other altcoin developers as well as a form of payment for ico project investments.
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December 21, 2017, 06:05:46 AM
 #39

I agree that bitcoin has greatly affected the global market and has been able to make financial condition of people better and stronger. Bitcoin has make more people  have better capacity to be more active in the market industry since they already have their finance to buy. Although we really participate on it even before, now we can actually but more than what we can due to profit that we earn from bitcoin.
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December 21, 2017, 11:06:15 AM
 #40

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

Ofcourse bitcoin is contributing to the global market with much impact Because with the use of bitcoin all of markets in this world have freedom to transfer Thier and funding system at worldwide level with small fee and also with the help of bitcoin they can extend Thier service as much as long places they want Because market of bitcoin is that way of accepting payments where we have no limitations ( tax , country , category ) .
And also people are investing thier money in bitcoin and also making trading and getting much amount of profit , so why not we say that contribution of bitcoin is in all the category .

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December 21, 2017, 09:20:37 PM
 #41

Bitcoin can contribute a lot in the global market theoretically, it can give more profit to everyone and also it can help in increasing one's profitability or net worth, as well as businesses, however bitcoin still remains to be a volatile investment, that's why we cannot yet say that bitcoin has contributed a  lot in the global market, but if companies already accepts bitcoin, then it can be use as global currency and can contribute more in the global market, as far as things goes, the technology of bitcoin, which is block chain, is the the major contribution of bitcoin.
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December 22, 2017, 12:04:01 AM
 #42

Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.They can use as micro currency cause it can be used 24 hours a day and also use so much easily Financial condition are so much strong now only because of this bitcoin currency.

The influence of bitcoin in the markets is very low and there is no way to deny that fact but people are slowly recognizing the power of bitcoin maybe in a decade the influence of bitcoin will be big enough so we can answer that question in a more meaningful way.
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