The impact of bitcoin on the financial stability of a country

[goku1525]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will use in a perfect manner, we can probably benefit from it. Specifically, we can have more opportunity to buy our needs and our wants more easily and without hesitations compared to our outlay from our previous source of income like our jobs. If all the government will be more open about this current issue, and allow this new currency to run, we can probably change or even improve our way of living as well as our economy. 

Bitcoin has a big impact in our lives and who are living in the world with crypto because we can develop our economy grow and change our economy status ,this is for the peoples sake.Definitely we can benefit for this and improve our status in life. This cryptocurrencies is for all people who really need a reliable income and a good future. It is definitely effective to the people who have positive thoughts on bitcoin.

[1715388212]

1715388212

[1715388212]

1715388212

[1715388212]

1715388212

[jesh2206]

The China is the closest participant after The United States with the percentage of participants 29 percent. After that the third country is United Kingdom come with the participants 16 percent. That is the fewer amounts but definitely it is rising the percentage will increase with more participants and investors. China has the biggest impact on the trading of Bitcoin because it has more exchanges and is technologically savvy country

[Pendularin]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will use in a perfect manner, we can probably benefit from it. Specifically, we can have more opportunity to buy our needs and our wants more easily and without hesitations compared to our outlay from our previous source of income like our jobs. If all the government will be more open about this current issue, and allow this new currency to run, we can probably change or even improve our way of living as well as our economy. 

Definitely it has a great contirbution and impact for the country it will surely improves economy grow .Although bitcoin is not acceptable of some countries with their governments but bitcoin transaction continue spreading good information and continue helping people who are interested on bitcoin. Its always allow to run the currency in order to continue helping people who are in needs.

[fiulpro]

Largely the trading in bitcoin doesnot impact the countries economy allot because of the fact that its not some company sitting there or some physical entity to look upto. Its a coukd money and people are putting their money onto it. Yes if the amount of investors is really very high and everyone around is investing in bitcoin and nowhere else then that might shake the economy because all the money is going in some anamolous digital currency which is super unpredictable and volatile.

The other part of the story is that if government wants to regulate these crypto currencies, for example the government imposes tax over bitcoin income or profit then it can be a goof source of revenue for the  government. Anyways when users exchange their bitcoins or any cryptocurency to their local money, it gets into curculation and radar of government and automatically becomes taxable.

Only problem that might arise is when more and more people invest in huge amounts in digital cyrrencies and co-incidently it crashes. That woukd drain allot of money out of circulation and make no value out of it. That can impact the economy in a negative way.

[Jaemouns]

What is the impact of bitcoin in a country's financial stability?

If we can make money because of bitcoin there is a big impact of our society because we release and income because of bitcoin.And it that soo our society will be progressive because the money we cash out will bring to our country.

[ylnar123]

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

[andrei56]

Bitcoin has a big impact on the financial stability of a country. Bitcoin gives people a chance to be a financially stable, if more people in a country uses and working in the crypto currency, then it will be a good result to the countries economy. Because no more poor anymore and everyone has the capability to pay their own taxes and that helps the country to earn more funds.

No, bitcoin can offer great opportunities to particular people like us but bitcoin does not have the size to affect the economy  and the stability of a country negatively or positively, but for the people like us bitcoin offers opportunities that could not be available otherwise, which is one of the reasons I'm very happy I discovered bitcoin when I did.

[BitcoinBallerina]

Bitcoin has strong financial implications on a country's financial stability as most of the money that the government would have taxed are freely flowing in bitcoins under the protection of blockchain. the revenue earned through taxes are there fore reduced and can have a negative effect on the states financial strength.

[Reez]

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

]

Most governments aren't interested in the earnings that you come use in the taxable market, they want to directly tax BTC which is impossible due to its decentralization police.These taxes along with inability to tax on investors is what makes the government consider BTC a threat to its financial stability

[Iblis 02]

for the time being has not significantly affected the financial stability of a country, it is possible for the country that experienced the theft has only greatly affected the decline in financial turnover in the country that experienced it, but if taken from a positive side in the long term must be very influential for the progress of a country.

[rosepetals]

What is the impact of bitcoin in a country's financial stability?

In a country consist of its people and when people has stable financial income the country would be very progressive where there were no financial crisis,crimes,huge poverty problems and most families would have assurance in their future.Bitcoin has a great potential if we get involved with it.It can help every individual in changing their way of living for the better.

[queenlaurel]

Bitcoin is helping the economy to grow, making people to be independent. People will be capable of buying andsellin at their own convenient time. Bitcoin will be helping the economyto grow if properly accepted.

[Rrotess]

What is the impact of bitcoin in a country's financial stability?

In my country i'm assure that as of now it cant really a big impact because few of us only knows about bitcoin.But even if it cant be a big impact for my country but to myself i'm proudly saying that it can change my life to be financially and mentality wiser in terms of earning bitcoin.

[Jerald]

The effect of bitcoin especially on our country is that some of the people here have bitcoins, and I know that it can have a bigger impact on other countries by spreading it to everyone.

[JerryJam]

High activity in the cryptocurrency market carries certain risks for the country's economy. It is the financing of terrorism and money laundering. But at the same time, governments direct their efforts not to restrict the cryptocurrency market but to subdue it and dictate their rules. I think digital currencies do not pose a threat to the economy and currency system of the country.   they threaten a monopoly on the right to credit and earn profits.

[qwertyup23]

What is the impact of bitcoin in a country's financial stability?

In a country consist of its people and when people has stable financial income the country would be very progressive where there were no financial crisis,crimes,huge poverty problems and most families would have assurance in their future.Bitcoin has a great potential if we get involved with it.It can help every individual in changing their way of living for the better.

Due to bitcoin's decentralised and volatile nature, the government are skeptical about its implementation in the society. But personally, the positive implications that bitcoin bring outweigh the negative implications. It provides an opportunity to all the public into earning alternative income. In fact, I see it as an equalizer among the society as no one is hindered from investing into it. The only thing that you need is for someone to have an initial investment (for the ones who can) or at least knowledge about cryptocurrencies (for signature campaign purposes).

[danim1130]

What is the impact of bitcoin in a country's financial stability?

I guess it is not affected at all.. the government is not believing in the cryptocurrecy bitcoin because they are making money in banks right. so they have their own money which they use to the financial project. meaning to say financial status doesn't affected at all.

[Arngrim]

There could be a big problem when it grows more.
If you go through history one big problem that happened in US was people were not spending their money.
Now, same could happen with other countries. If all are just invested then there wont be any fiat circulating in one country.
In that case they will be forced to create another batch, making one currency lower its value.

[0t3p0t]

What is the impact of bitcoin in a country's financial stability?

Our taxes what makes it sense when it comes to impact of Bitcoin in our economy as central banks and governments regulated local exchanges which of course will deduct a portion of fees including tax that which we contributed. It may not be a big impact these days but in the future as the crypto community is increasing in a specific country then contributions and impact will soon be as high as what we have today.

[Barley Hertog]

Business Insider experts thinks that Bitcoin's gonna rise Japan's GPD by 0.3%. This is a forecast, though http://uk.businessinsider.com/bitcoin-could-be-adding-03-to-japanese-gdp-2017-12