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Author Topic: is there any economic effect for the country or bitcoin users  (Read 979 times)
jonatuzc
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July 03, 2018, 08:36:11 AM
 #181

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.

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July 04, 2018, 07:05:53 AM
 #182

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.
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July 09, 2018, 01:59:17 PM
 #183

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

I agree with you. Every country has its all in law about cryptocurrency and their own money in economy. It is only a fact for a bitcoin users store except song features from the government.

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July 28, 2018, 08:50:27 PM
 #184

The economic effect is divided into two phases, one is that in which the volatility increases, which means the economic system for the country will no longer be stable on a daily basis and the prices of the unit of currency will be unified through but variable on a daily basis
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July 28, 2018, 11:13:34 PM
 #185

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.

I agree on your opinion, some people are using bitcoin as their source of income and as I observe some of that people is already in success state because of their dedication and good mindset maybe it will affect the status of the economical growth of a certain country in that way.

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August 12, 2018, 09:35:28 PM
 #186

Yes definitely there is an economic effect to the country and the bitcoin users because users are given the chance to earn to improve their economic situation. Since people have earnings they can buy what they need for their everyday living and the taxes from the goods they buy will go to the government so both have good effects.
Yes there is effect in one country there economy it become better, cause if one bitcoiner earn from his investment he become successful. And all the things he bought all of this have taxes will go to the government so that if one country have lots of users they give more taxes and there country become successful cause there economy it grows.
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August 12, 2018, 09:39:15 PM
 #187

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
Of course there are economic benefits for users of electronic money. Especially copper bitcoin if you know the grasp of the opportunity will have many assets. Wealth has come to them, and will flourish for the national economy.

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August 15, 2018, 06:32:30 AM
 #188

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 don’t think it will have any effect on the economy of any country that bans Bitcoin, but as for Bitcoin it will have an temporary effect on the growth although that will be for the moment as at when it was banned. Just like what happened when China placed a ban on Bitcoin and the price went down, many thought that it will never go up and that it will keep going down from there, but what they see was different, the price recovered in few days.

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September 01, 2018, 07:28:33 PM
 #189

It depends on the users if he or she will get affected for the the issue of banning bitcoin. Because of the continues popularity of bitcoin and many people are engage on it there are also many negative news that comes out to  destroy btc. We know that bitcoin can change the life  of the users if he or she is dedicated or believe on the capability of it and of she work hard on it.

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September 01, 2018, 11:21:57 PM
 #190

The influence of bitcoin on the country may be because bitcoin is considered unstable and bitcoin can be misused to buy drugs, illegal drugs easily.
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September 02, 2018, 03:58:39 AM
 #191

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?

Bitcoin will affect the economic of government if they will not make a possible good solution for getting taxes from bitcoin that's why they will conduct totally ban because some of them are actually corrupt when they are use bitcoin with automatic taxes they will not create their own bad intention for corruption right?.

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September 02, 2018, 08:36:33 AM
 #192

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?

Bitcoin will affect the economic of government if they will not make a possible good solution for getting taxes from bitcoin that's why they will conduct totally ban because some of them are actually corrupt when they are use bitcoin with automatic taxes they will not create their own bad intention for corruption right?.
after that, surely the community will be more prosperous because the tax results are used for the development of a country. with this development will certainly improve the economy of the community
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September 02, 2018, 11:11:06 AM
 #193

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?

As we all know, Bitcoin can contribute to the economic growth for a country. It is through decreasing the number of unemployment in the community. Bitcoin procedures help citizens to acquire financial capabilities to sustain individual's need and necessity. For instance, if bitcoin cannot acknowledge by a country, it lessen their chances and opportunity of working and performing bitcoin procedures in their cycle of money.
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September 09, 2018, 07:38:25 AM
 #194

As long as there are lot of people who are engage in bitcoin they are given a chance to earn and sustain the daily needs. They can buy things what they need and what they wanted. Out from the commodities that they buy the revenue will go to the government and its a big help in building a nation in promoting projects to some certain areas of the country.
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September 15, 2018, 08:04:56 AM
 #195

The thing is there are investors who are investing in bitcoin and are thus contributing in making the economic condition better but still that contribution is not that much sufficient and the governments need to think over it for better economy.
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September 20, 2018, 09:21:34 PM
 #196

Because of banning bitcoin of some countries , some are getting confused and curious but still  they are continue to adopt bitcoin and believe the benefits that it will give to them. No matter what happen if someone believe on the capability of bitcoin theres nothing to worry.

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September 20, 2018, 10:16:22 PM
 #197

As long as there are lot of people who are engage in bitcoin they are given a chance to earn and sustain the daily needs. They can buy things what they need and what they wanted. Out from the commodities that they buy the revenue will go to the government and its a big help in building a nation in promoting projects to some certain areas of the country.
Exactly.Both the users and the country itself will have an economic progress knowing the goods and services that are being bought or paid by some users have taxes already implemented by the government.If this will continue to happen,both users and the country will surely make a good economic development along the way.

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September 21, 2018, 06:12:15 AM
 #198

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 is no direct effect on every country if they ban the use of Bitcoin currency but they will miss the opportunity that Bitcoin can give like the opportunity to reduce their unemployment issue which is the most common problem of every country. If the unemployment will reduce then the purchasing power of the people will increase making their economy to become strong and stable.

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September 21, 2018, 06:43:27 AM
 #199

Bitcoin is currency which is directly influencing economy like on one side it is good for the users and they can make money with it and on the other side the government is not taking any tax on this transaction so the economy is affected by this way but at all the crypto is good for the economy and if users pay some donation to poor people then it is the advantage of crypto.

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September 21, 2018, 06:47:54 AM
 #200

for the time being, the bitcoin ban by the state does not or does not have an effect, because currently bitcoin or other crypto currencies have not been adopted so much by large companies, but after all companies adopt crypto currency it will give a country's economic influence

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