is there any economic effect for the country or bitcoin users

[Siren]

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?

Yes, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

Because they dont wanna try looking in other side,in which the goodness bitcoin can give,the benefits of theyre   countrymen using this community as medium for they economic lifestyle,imagine how much crypto can give in every individuals that can be offer by real job,and how many jobless individuals are getting living from this.

For me its time for the governments to look both sides,the negativity and the positivity so they may analyze which is giving more grace

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[Pattart]

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.

Perhaps the effect will be seen when the government begins to legalize bitcoin and many people will start to believe and adopt bitcoin. then there will be massive mass adoption. so that many people in a country benefit and change their lives. of course it will have an effect on the country's economy indirectly

[Indai24]

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.

Perhaps the effect will be seen when the government begins to legalize bitcoin and many people will start to believe and adopt bitcoin. then there will be massive mass adoption. so that many people in a country benefit and change their lives. of course it will have an effect on the country's economy indirectly

I agree with you, we will be able to determine the economic effect for bitcoin if government accepts bitcoin. We can only determine the effect individually who are lucky enough to become a millionaire.

[queenlaurel]

Bitcoin effect the country and it's users in a positive way. That is if the country has accepted Bitcoin and are using it freely. Bitcoin users gain financial freedom and stability in their lives and the effect is obvious for those who work hard on it. The country as a whole firstly need to accept and make use of Bitcoin for them to see the effect.

[cryptocurrencyguru]

cryptocurrency market is completely different for local country economy so it wont affect economy and bitcoin is decentralised society for growth

[Xising]

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 there is, but only partly. Right now, the amount of users that support and actually do business using cryptocurrencies, especially in some countries, are not that many to inspire changes on their economies or business sectors at least. I think for cryptocurrency ventures to be considered to make such changes, it should first reach a level that many people are actually using it before it can have such country wide effect.

[laravuemaster]

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?

yes there is a huge effect, there are a lot of people today who are working on the corporate world and switching to become a cryptocurrency trader and the employees are decreasing so eventually business will be affected.

[Anies_Sandi]

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 influence is certainly there, because each country also has the authority of each is prohibiting or not prohibiting bitcoin. because some countries also think that bitcoin is high risk and quite harm the state. but for some people sometimes some do not believe in this.

[Eliyo]

Engaging in bitcoin activities elicits economic effects to both the country and users. Investors do not keep bitcoins forever, through exchanges and fiat money they meet their needs as the case maybe. The effect is that bitcoin career or hobby people are being productive in a sense - an idle mind is the devils workshop. It also affects commerce, standard of living, puts conventional economic operators and governments on their toes, create employment to programmers, miners and many more in the value chain. 

[valisa]

I think bitcoin will give a good effect for the economy of the country that has legalized the use of crypto currancy, economic growth will be better than the countries that do not use crypto currancy

[spartaka]

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?

Those countries are depriving the citizens from an awesome opportunity to make money. They will always lack in terms of development.

[tranduc2101]

Today there are countries that are beginning to make a bitcoin issue to make a ban regulation. Do have influence in our country and really have an issue on economic value and the most important to certain and many counties to ban it from ICO for fear, for their money to multiply any where.

I think the fact that countries banning bitcoin will affect the full price of the crypto market. If I remember correctly, in October 2017, China issued a ban on bitcoin and bitcoin prices fell sharply.

[Yurkov]

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 not cause it is still just a begin of crypto in countries, maybe in future that could hit economy or people but now it is just to low percentage of people that this situation could be seen.

[East2011]

Yes there is an effect. There are so many people that are unemployed. But because of bitcoin theu are given a chance to have an income. And if people have money they have many money to spare. And by this, they can help boost the economy.

[kauban2018]

Yes, Bitcoin has an economic effect to the country especially to the users for it helps the economy by earning taxes and to the people or users who are willing to do work hard in Bitcoin. Mostly, its effect to the country only due to taxes or vats that earned.

[JerryJam]

States that have a low level of development are very profitable to use cryptocurrency. For example, there is not developed industry but only agriculture which does not bring big profits. The people there live below the poverty line . The use of cryptocurrencies in these countries will allow them to improve their financial situation and ensure the flow of capital to the state Treasury.

[PIR]

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?

Maybe I think yes, yes because some of investor buy cryptocurrency to their own money from their work, office, government etc. and some of them specially if they reward in their work in crypto, they buy some goods, cloths, car etc., and you pay taxes that going to government.

[joebrook]

Yes, Bitcoin has an economic effect to the country especially to the users for it helps the economy by earning taxes and to the people or users who are willing to do work hard in Bitcoin. Mostly, its effect to the country only due to taxes or vats that earned.

There are economic benefits for countries who decide to adopt and legalize bitcoins in their respective countries. The taxes that the people who use the crypto will help immensely when it comes to generating revenue for the country and there are also people who have established business by trading in bitcoins as well which give them profits.

[jonatuzc]

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 believe that Bitcoin is affecting you negatively when you’re losing more money than you’re getting in every month. So when it comes to a country, we’ll actually say that when the loss or the amount of money that leaves the country’s purse is bigger than the profit they have made, then it’s a negative effect.

But we are all not going to make profit, there will always be people that made loss. That’s why it’s good to work hard so that you be better than others at the end.

[kateryana81]

I think bitcoin will give a good effect for the economy of the country that has legalized the use of crypto currancy, economic growth will be better than the countries that do not use crypto currancy

Technology is the only factor that can boost your economy when all the remaining factors of production and employed at full level of employment. In such a case the output is increased by the use of technology like we have witnessed in Europe in the early 1990s.

Having said that, technology like Bitcoin can affect the economy of a country by making it easy for people to avoid extra costs, save more and employ people.