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prtty2gal2
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February 21, 2018, 01:42:28 PM |
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The country’s financial stability no. I dont think bitcoin Has an impact but for some indviduals yes. The country as a whole does not get profit from people’s holdings of bitcoin. Who benefit from it? The holders, and the exchanges or the channels.
Unless the country in itself decides to adopt the usage of bitcoin and created awareness for it and then a huge percentage of the population believe in the idea of making use of it and then it ended up increasing the economy of the nation with the global adoption and increase in value, there is really no other way I see that it can affect the financial stability of the economy and this is in the sense that the government is not corrupt anyway because at the end it all balls down to the government. |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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portotoi
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February 21, 2018, 11:37:44 PM |
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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.
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KrisAlex18
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February 21, 2018, 11:50:57 PM |
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What is the impact of bitcoin in a country's financial stability?
It depends on how a certain country use bitcoin. If they are using bitcoin in solvong all of their financial problems, then the economy of a countty will surely went well. If they are using bitcoin for illegal transactions, bitcoin will negatively impact them that's why in order to gain more benefit in bitcoin, they should use it more often in the right things with a good intention. |
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longskie0327
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February 22, 2018, 12:07:43 AM |
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Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...
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Kemarit
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February 22, 2018, 12:54:53 AM |
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Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...
You are talking about Japan. But you have to remember that it is one of the most highly developed economy, which equate to being in the top 3 of the world's purchasing power parity. So I don't think that we can used them as case study on the impact of bitcoin in the countries economy. I think we should look at how the third world countries is being affected by it. I will assumed though not much impact to their economy and if there is, it s small contributory factor. What's positive though is that the people are really the winning here. They have enjoyed more purchasing power, because they have earn so much from crypto that most of us have financial freedom today. |
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Ranly123
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February 22, 2018, 01:45:30 AM |
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What is the impact of bitcoin in a country's financial stability?
It will basically give financial freedom to the population and with this the economy of a country will grow. People will earn so do as the nation if cryptocurrency is regulated because the government can claim taxes on every transactions done in cryptocurrency. Though financial stability is not a big concern with regards to the economic growth because of the volatility of bitcoin but it can give boost to the economy. |
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neonshium
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February 22, 2018, 05:18:38 AM |
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In our Country, its not really accept the crypto currency but the government have approved few Bitcoin Wallet to cater its country men. Because of this, we contribute to the financial stability of our country, through buying goods, wants and needs, using what we earn in bitcoin. Of course, we exchange bitcoin to our own currency before we buy something. Also, bitcoin makes a remittance medium in our country.
Just very few people if I am right will be making use of bitcoin right now and unless it is on a large scale compared to the population of your country, I do not see how the effect on the economy will play out positively. Sure, some of you guys (relating this to other countries as well), will be doing well for yourself, and that is it. If in the long run, the awareness grows, there is a major impact, more rich people are created who in turn creates businesses and jobs for the non-users, and then we may say that can affect somehow. |
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pureclckr
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February 22, 2018, 05:58:24 AM |
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What is the impact of bitcoin in a country's financial stability?
I think nothing because I live in a country where bitcoin has not been accepted as a legal payment, so if you ask the bitcoin impact on the country's financial stability I can say no, maybe in a country that can pay with bitcoin and declared legal bitcoin as payment might have an impact because the competitiveness of interest from the user itself against bitcoin. Yeah, most of us really cannot testify to that yet since we actually have a very few percentage of the population adopting it. However, if we take a close look at Japan as a case study, we must have seen the changes it has brought based on the news I read recently on how their GDP increased just by adoption and regulation of cryptocurrency over the few months in last year, so I guess we just have to assume that on a large scale of adoption in the country, it should have some impact. |
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carlisle1
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February 22, 2018, 06:05:03 AM |
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If you have money, you can avail and buy whatever you wanted and needed. In this case, your money will go through the cycle in the economy. If a lot of people has a capability, therefore all of these money will go through which will results to good stability of money in such country.
so where's the bitcoins involvements there?thats cycle youre pointing is the fiats contribution to economy,but for me bitcoins impact is when the people of every nations involves in cryptocurrencies and their lifes get wealthier,in that sense they are capable of providing financial needs for the families without the help of governments in that case they became stable and so the country too |
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acener
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February 22, 2018, 08:04:49 AM |
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What is the impact of bitcoin in a country's financial stability?
I think bitcoin has a huge impact on the financial stability of a certain country, because of this they will be able to balance the needs of the people in terms of money. It has already been proven that bitcoin can indeed reduce the percentage of poverty in a certain country because it is not that complicated to invest and earn using it. |
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denny27
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February 22, 2018, 08:29:19 AM |
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In my country, it hasn't been seen at all that bitcoin is supported, bitcoin is really still illegal and is not allowed as a medium of exchange in the payment process, because it's still feared will disrupt the country's financial system.
Well I guess it depends on the governments of each countries too against bitcoin, if indeed it's legal., I think it will not disturb the financial stability of a country because it has been prepared efforts to regulating on bitcoin using.
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cherrymobile
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February 22, 2018, 09:58:36 AM |
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What is the impact of bitcoin in a country's financial stability?
We prioritized bitcoin and it is said to be popular to different countries .In financial stability this bitcoin has a lot of contribution to our country. Through using of bitcoin lots of Us are earning big value of money. It also used as payment system. |
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Naficopa
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February 22, 2018, 10:49:43 AM |
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In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.
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shezu007
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February 22, 2018, 10:51:58 AM |
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In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.
Good, mate mentioned in above comment that impact of bitcoin on economy is low yes that true but if a country can accept bitcoin as legal currency then i am sure many will start getting bitcoin by various methods like some will start trading , some will start investing etc so through this way if your country can get more bitcoin then it means your country have ot more money and money will surely affect your economy. |
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Arroware
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February 22, 2018, 10:56:17 AM |
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For me the effects of bitcoin for the community can help their economy, because for them bitcoin easily get easier profits, so for them bitcoin is very helpful to their economy.
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YzzyGo
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February 22, 2018, 11:02:18 AM |
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A country can actually be rich with bitcoin transactions if they plan to tax them. Hopefully they don't tax us too much else they loose a lot when people starts to evade paying them.
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bitcoinmasterlord
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February 22, 2018, 11:22:07 AM |
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In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.
Good, mate mentioned in above comment that impact of bitcoin on economy is low yes that true but if a country can accept bitcoin as legal currency then i am sure many will start getting bitcoin by various methods like some will start trading , some will start investing etc so through this way if your country can get more bitcoin then it means your country have ot more money and money will surely affect your economy. I think it's already impacting country economy but not much. I agree bitcoin is not accepted in many countries but Bitcoin investment and bitcoin trading are legal in all countries. most of the all big shots in the country they all invested in cryptocurrency so indirectly it is affecting the country economy that is why all governments are taken this very seriously. |
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Juliedarwin
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February 22, 2018, 11:24:30 AM |
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What is the impact of bitcoin in a country's financial stability?
There's a lot of terms of money.. Money can buy anything you wanted to have. Just like bitcoin, if you have it you can actually have an opportunity to become rich. Bitcoin is easily get profits, and it's very helpful for many people use of it. |
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zhea
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February 22, 2018, 12:03:38 PM |
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I think it has an impact on the countrys economy, but for now it does not directly gives effect to the country but to the people who are engage with bitcoin. Many lives change because of bitcoin, people given a chance to make an extra income out of engaging bitcoin and it really helps a lot. Lives become better because of their earning from btc, they can afford to buy their daily need and suatain their expenses because bitcoins give brighter opportunities to earn.
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android17
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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. |
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