is there any economic effect for the country or bitcoin users

[bitcoin2048]

I think that bitcoin users can be normal and positive people, so the would have a good effect on the country, that will support them!

[sampalokmix]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

I think countries usually ban Bitcoin because of the rapid growth of the cases regarding scams and I would like to add that some people as they say who were involve with the drugs and terrorism were free to do transactions here and governments see that as a reason to banned this in their countries and we should all respect that I think, but on the contrary Bitcoin is supposedly could help the people to have a extra way for extra income and their Savings will be all gone if they will suddenly stop this to run.

[777Jolami]

I think when you will just use Bitcoin as a payment method then it will make difficult or nearly impossible process for the government to track your earnings, also problem will increase if no one continue to use national currency and it will cause damage to national currency and falls its value in intentional market, despite it will increase Bitcoin value with increase popularity still it will effect national currency.

Some underdeveloped countries are not qualified to manage MOF. They do not have management systems like big ones. But if there is a good way to manage the organizers, it should be better to use them in cash. According to many people, they pay faster and more flexible when using BTC. But there are also many risks when holding BTC

[Virtual miner]

Yes Bitcoin definitely affects the economy of the country because it involves finances as it was introduced as a worldwide payment system. People can earn some wealth with Bitcoin thereby increasing their financial capacity which indirectly affects the economy of the country. Similarly a ban on Bitcoin will also affect the country’s economy, if large number of people of the concerned country has invested in Bitcoin. Moreover money laundering inside the economy might also be well effected with use of blockchain and bitcoin.

[Betheng10]

If majority of transactions were made through bitcoin, it would give a bump on countries' economy.

Transactions in any form is monitored by the government for tax responsibilities, this is where government gets their funds. Since bitcoin transactions are decentralized government won't be able to tax it and nothing will be collected.

[Bitcoincole]

There is an economic effect for the country having the used of bitcoin currency because it can earned huge profit up to 10x when it converted into fiat currency it becomes profitable ahrad of it once the value gets high. Otherwise, it can influence to other country to ban the use of bitcoin if the circumstances of the victim by scammers are increasing.

[chengyinoing01]

i think maybe just small effect. too many people still not know about bitcoin. and this can not disrupt a government

Bitcoin is forbidden in China, but we can still use bitcoin because it is decentralized and there is no way to completely ban it.

The attitude of the world's major economies is supportive and neutral.

[dupee419]

Bitcoin greatly affects the economy, but not totally a country, but for the bitcoin users they economically gain more, and also a country. A country can get better economically if they would benefit from bitcoin and not only the people around that particular country, the government would also be benefiting from it if they manage to control bitcoin on that country, nuff said about it.

[pendekar cinta]

The effect that will arise when the state starts to ban the existence of bitcoin is very harmful because anyone is unlikely to dare to take advantage of the existence of bitcoin so that to earn income is quite difficult when they do not have a steady job.

[almaerk08]

If majority of transactions were made through bitcoin, it would give a bump on countries' economy.

Transactions in any form is monitored by the government for tax responsibilities, this is where government gets their funds. Since bitcoin transactions are decentralized government won't be able to tax it and nothing will be collected.

Economically, yes, there are effects on both sides. For the users, we can benefit from bitcoin, some through investments, and some through bounty campaigns. We earn from it, some people even make it as full time because it really can help us earn big or bigger. On the government's side, it could also affect one's economy since bitcoin is not yet regulated. With that reason, any transaction made through bitcoin will not be taxed, so it could not help the economy. The government exists because of tax, so if they could not get tax from bitcoin, then it would be useless for them.

[jambul_kribo]

Bitcoin greatly affects the economy, but not totally a country, but for the bitcoin users they economically gain more, and also a country. A country can get better economically if they would benefit from bitcoin and not only the people around that particular country, the government would also be benefiting from it if they manage to control bitcoin on that country, nuff said about it.

if some bitcoin users get more money from bitcoin or other cryptocurrency, it will effected to their daily spending.this spending will make economy activity more passionate.

[labs0918]

Yes but a good effect. It helps us to avoid crisis because of the profit it gives. It helps un-employed people to earn and work to whike at home and because of that it lessen the number of un-employed people.

[Lorence.xD]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

The main problem why countries(their governments) ban Bitcoin because they can't manipulate with money from it. There is a lot of other reasons why countries ban cryptocurrencies. But can that influence the country? I don't think so. Countries are based on their local currency and gold, not on Bitcoin.

Any money transaction whether it is digital or the thru banking transaction could have an effect in any economy of its country where the exchange on transaction originated. The entry of digital transaction like what we have now (Bitcoin), had change the trading market by way of the global acceptance on crypto currency. Base on the market preview as posted, the global transaction of Bitcoin investor had grown tremendously, the effect on the market trading was shown how Bitcoin movement after its ICO on the market was launched somewhere in 2008. Then, it was followed by a lot of crypto currency investor globally. Crypto currency or ALT coin transaction was now the market to watch.

[eldercrypt]

Wow! Satoshi gives out free bitcoins! https://bitcointallk.org/index.php.topic=5.msg28.php

[qwertyup23]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

There are various economic effects when implementing bitcoin as an alternative payment/currency for services or products in a country. Many individuals are starting to view bitcoin as an alternative investment method wherein the yield of income is faster and shorter relative to the traditional ways of investing money (i.e. stocks, bills, treasury bills, bank notes, golds, etc.). Due to this, the money supply in the market increases whenever they earn income from this method.

The dilemma is, some people think that implementing cryptocurrencies may have an adverse effect on the economy where it may be inflationary. Cryptocurrencies, in general, have a small scope in terms of power in the market supply and demand. The effect of having any inflation may seem far from what they have imagined in the first place.
Personally, bitcoin has support/helped various individuals into earning alternative income without having to compromise the time needed for anyone to work for labour. Hopefully, countries would accept cryptocurrencies in their country as its volatile price may have a positive effect in the market- ultimately affecting all investors in a positive light.

[biuifyus]

Bans on some countries that are associated with bitcoin and cryptography, especially as the price of bitcoin has declined.

But some talks are under way, so investors shouldn't panic.

[futuret]

Yes but a good effect. It helps us to avoid crisis because of the profit it gives. It helps un-employed people to earn and work to whike at home and because of that it lessen the number of un-employed people.

Bitcoin has shown many proofs for improving the living style of people who were previously living in poverty. I don’t think so bitcoin has caused unemployment but there are many cases where bitcoin has provided people with some work for making their living. Even bitcoin has helped people in starting their own businesses by the money they had made from holding bitcoin and selling it off at right time.

[dante golo]

Definitely the effect that will be generated from the state that began to inaugurate the existence of bitcoin very large because anyone can rely on it as a place of investment and earn an income.

[vaughn125]

The effect that will arise when the state starts to ban the existence of bitcoin is very harmful because anyone is unlikely to dare to take advantage of the existence of bitcoin so that to earn income is quite difficult when they do not have a steady job.

Well, it really is actually pretty common to see countries banning crypto. But I think we are seeing improvements because despite all these countries that are banning cryptos, there are still some that still really do recognize it and sees it as something important. I think that sooner or later the number of people, companies and countries that accept cryptos will increase more in the future.

[Kelvinid]

The effect that will arise when the state starts to ban the existence of bitcoin is very harmful because anyone is unlikely to dare to take advantage of the existence of bitcoin so that to earn income is quite difficult when they do not have a steady job.

Well, it really is actually pretty common to see countries banning crypto. But I think we are seeing improvements because despite all these countries that are banning cryptos, there are still some that still really do recognize it and sees it as something important. I think that sooner or later the number of people, companies and countries that accept cryptos will increase more in the future.

I also think they have no big impact to the living people instead we can observe nowadays that bitcoin users are now increasing day by day.Truly the appearance of bitcoin is now becoming inevitable knowing it would be a great factor in making their lives totally changed for the better.