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Author Topic: The impact of bitcoin on the financial stability of a country  (Read 619 times)
Norihiro
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April 17, 2018, 10:28:01 PM
 #181

In today's reality it will damage it of course, economics is not ready for it's active usage.

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April 18, 2018, 02:51:30 AM
 #182

I think that the market is not yet big enough to have a real impact on the economy of the country. While the influence of crypto is more ideological than economic. The situation is changing rapidly and may soon be the bitcoin rate will affect the stock exchange as well.
Right now the effects of bitcoin are limited to the individuals level, some people have changed their life completely thanks to bitcoin but it is still not enough to impact the lives of so many individuals to have an effect all across a country but I think we are getting close to that day the only thing we need to do is for the lightning network to be activated and then the adoption will come on its own.
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April 18, 2018, 04:22:05 AM
 #183

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact
I agree with you. many people specifically the government doesn't consider bitcoin as a help at economic growth but if they look harder the success of an individual will also help the economic growth of a country.














 

 

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April 18, 2018, 05:23:32 AM
 #184

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact
I agree with you. many people specifically the government doesn't consider bitcoin as a help at economic growth but if they look harder the success of an individual will also help the economic growth of a country.
I do not think so . For me personally, I learned a lot from this market, and when I invested I would get a profit. But who do not know much about bitcoin, do you think they will make a profit when investing? And how many people have invested in bitcoin? With people learning more about the market, I agree that they will be profitable, but not everyone is learning before investing.
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April 18, 2018, 01:57:55 PM
 #185

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people

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April 18, 2018, 02:17:43 PM
 #186

It is like... none. The only thing it may do is get the country some taxes but so far I think most of the non US people avoid paying taxes with BTC.

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April 18, 2018, 02:48:49 PM
 #187

It is like... none. The only thing it may do is get the country some taxes but so far I think most of the non US people avoid paying taxes with BTC.
well, I do not think there's any impact in that, because all the bitcoins will be converted into fiat form, and of course that will affect the economy of the country for the better. but somehow, so many things are still confusing from this.


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April 19, 2018, 11:58:45 AM
 #188

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people
That becomes a direct relation in other words. Like if a person was once unemployed and he was taking money from government for his living. Now, bitcoins have helped him to earn some money from signature campaigns or anything else, he is getting to be wealthier day by day. So he will be starting paying taxes and the ultimate help will be made from this person to the government, hence increase stability at individual level.

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April 19, 2018, 12:24:28 PM
 #189

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people
That becomes a direct relation in other words. Like if a person was once unemployed and he was taking money from government for his living. Now, bitcoins have helped him to earn some money from signature campaigns or anything else, he is getting to be wealthier day by day. So he will be starting paying taxes and the ultimate help will be made from this person to the government, hence increase stability at individual level.
That's why some  country finds way to bans it or still studying it on how they can benefit from it besides the taxing when converted in fiat, they knew that when the holders investors just decide to cash it out that will be the only time they can be taxed them, and know how smart some investors are they might not cash it out in their country or use anywhere else, So government need to supports it in aproper way starting to a individual , to their community to their country , so we can see how crypto will help as long as the government supports it.

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April 19, 2018, 08:20:40 PM
 #190

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

The digital currencies such as Bitcoin may not pose major concerns at their current levels of use, more serious financial stability issues may result if they achieve wide-scale usage. Many countries of the world have this opinion. But the reality is that Bitcoin helps the individuals to earn more and thus spend more. This brings more money in circulation which is actually good for the economy.
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April 19, 2018, 09:38:58 PM
 #191

While bitcoin is not yet able to affect the economy of the country. The market is still very young and is still more occupied with internal formation. Perhaps giving bitcoin a legal status will change the situation.

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