The impact of bitcoin on the financial stability of a country

[queenlaurel]

The effect of bitcoin is on the positive side,  it helps the financial stability of a country, by helping people earn coins they could change and make a good amount of money from it. Bitcoin in this case increases  in helping the people in the economy.

[plaintiff77]

This is quite a very good source of income of everybody. Then this mean this has great impact to a certain country. This is helpful to make a country even more progressive. Let us believe in bitcoin that this is a blessing. It can lift up a certain country's economy to be better as time passes by. When time comes everything about bitcoin will have fees, the more a country gest richer.

[radjie]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

[Rajamuda]

I think it depends on each country, because after all.. it's not only the citizens are benefited or can improve on the economic's side. The countries that can adapting well on crypto.. of course it can make the country more advanced and more directing it to a more positive things to be able to take advantage of all the advantages of bitcoin/crypto to advance the country.

[paynercash]

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

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

[Fretcy]

Bitcoin helps in improving the economic conditions of the world by providing a source of income to those who work for the bitcoin community and provide products and services in exchange of bitcoins. The early users or early investors of bitcoins are millionaires of the time, the bitcoin technology has changed many people's lives and it helps in eliminating poverty and unemployment issues of the economy as there are various ways to earn bitcoins and by doing freelance jobs in exchange of bitcoins which will help in the financial stability of the country when all are able to earn something from the bitcoin technology free of financial burden.

[nl247]

The effect of bitcoin is on the positive side,  it helps the financial stability of a country, by helping people earn coins they could change and make a good amount of money from it. Bitcoin in this case increases  in helping the people in the economy.

I want to believe the financial stability of the country is going to be dependent on the adoption of it. So far, it seems from the look of things and what the news has been telling us, Japan seems to be doing pretty great since last year when they took the bold step every other country was afraid to take and their GDP has grown as a result of that and with that boost, I am sure a lot of other countries may start having a rethink. https://news.bitcoin.com/japans-gdp-grows-due-to-bitcoin-wealth-effect/

[andrei56]

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

This is the biggest issue for governments, they can tax you indirectly when you convert your bitcoin to your local currency that is when they realize you have bitcoin, but they have no way to know how much bitcoins you have in store, and that is why it's bothering them they want to be able to tax your bitcoins directly but since they do not have control of the network they are unable to do so.

[upsidedown75]

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

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

Yeah, it totally depends on each country and most especially on the level of adoption. For example, we cannot compare the level of adoption in Japan and the way they are doing pretty well with the present 0.3% boost in GDP within a short period they regulated it to the country where just few people are trying to make an ends meet and doing well for themselves. In that case a general financial stability for the country is dependent on the adoption.

I read in some news that bitcoin already had an impact on the GDP of Japan since it was regulated. Whichever way, I believe this would be the case anyway considering that Japan has decided to regulate and allow people to go about their crypto trading business as long as they stick to the rules and the laws of the government while they get the benefit from it as well. So at the end, it becomes a mutual benefit and everybody wins.

[tats14]

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

well for me , the impact of the countries financial stability is not bad, because bitcoin can help a lot of people and the economy of a country.

[genocide]

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

With the help of bitcoin, the country will survive it's financial condition because it has many things to offer like giving income to those who are participating in all transactions involving bitcoin as it is well known to be the fastest way and the most popular cryptocurrency in the industry. It can reduce also the percentage of unemployment as some of the people who knows how to access and have a knowledge in doing signature campaign like this will have an income and become financially stable and it all reflects in the stability of a country with regards to financial condition.

[setupbounds]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

The fact that we can even see the little effect on some of us as we are trying our best to earn some, buy some and hold, and much more, things have been changing for a lot of people.

New traders are born every day, a lot of people who are smart are making use of every opportunity available to them and they are doing good than they would have imagined normally, so putting this on a large scale, the effect would definitely be great.

[barbara44]

I think it depends on each country, because after all.. it's not only the citizens are benefited or can improve on the economic's side. The countries that can adapting well on crypto.. of course it can make the country more advanced and more directing it to a more positive things to be able to take advantage of all the advantages of bitcoin/crypto to advance the country.

If we take a look at the people in this forum alone and how some people have been able to make use of the opportunities around them, and from the knowledge some have gained, have been able to use what they have to get the best, then we can say that the impact of bitcoin on financial stability is very possible. Now if we are talking about mass adoption within a country, then the effect would be available on a large scale within the country.

[andrei56]

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

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

Yeah, it totally depends on each country and most especially on the level of adoption. For example, we cannot compare the level of adoption in Japan and the way they are doing pretty well with the present 0.3% boost in GDP within a short period they regulated it to the country where just few people are trying to make an ends meet and doing well for themselves. In that case a general financial stability for the country is dependent on the adoption.

I read in some news that bitcoin already had an impact on the GDP of Japan since it was regulated. Whichever way, I believe this would be the case anyway considering that Japan has decided to regulate and allow people to go about their crypto trading business as long as they stick to the rules and the laws of the government while they get the benefit from it as well. So at the end, it becomes a mutual benefit and everybody wins.

It will be very interesting to see if bitcoin has already affected the GDP of Japan since its regulation because it will show that bitcoin is a lot stronger and more powerful than a lot of people thought it will show that adopting bitcoin was the right choice for Japan as they need new ways to collect taxes and new industries since they have a huge national debt to pay.

[traderethereum]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

maybe for the country, the impact of bitcoin is not too big but for the people, they feel that from bitcoin, they have a big chance to make money and they can have another additional income from bitcoin. and if they still try to work in bitcoin, they can earn an unlimited income which they can use for their daily needs. and once many people trying hard with bitcoin, their finances could better then maybe the country will get the impact and this will reduce unemployment in that country.

[marcbitcoins]

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

If Bitcoin will exist in a certain country it will help the economy to become strong and stable because Bitcoin will reduce the unemployment which is the most common problem of all nations. If the former unemployed will earn thru Bitcoin the purchasing power of the people will increase making the economy to become more stable and prosper.

[Wipeout2097]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

[KomodoStrikes]

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

The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.

[nano77]

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

for the country may not have so much impact but for people in bitcoin certainly have a big impact, their finances get better and they have a better life too

[Casabrandy]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

For now , Governments were not into it as we see many still not accepts it or in doubt of its capabilities, maybe in ICO, but soon when they see how blockchain can change the transactions for better, that's when the effect can be seen and will be a factor of a country.