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Author Topic: Economy in your country  (Read 1657 times)
waqasniaz007
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April 13, 2018, 06:39:32 PM
 #461

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Well there is no effect of btc in overall economy of Pakistan and inflation is increasing continueosly and state bank also warned to trade in crypto currencies,  Many people changed thier living standard through bitcoin investment but overall still we are going down if we compare $ price with rupees, Last Year $1=100pkr and now $1=116 pkr.
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April 13, 2018, 07:57:38 PM
 #462

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Well there is no effect of btc in overall economy of Pakistan and inflation is increasing continueosly and state bank also warned to trade in crypto currencies,  Many people changed thier living standard through bitcoin investment but overall still we are going down if we compare $ price with rupees, Last Year $1=100pkr and now $1=116 pkr.
Main reason for this all is Corruption and money which is going out through money laundry and no one can stop this because highly government officials also involve in this and they are ruining this all just for own kids safety bitcoin and crypto has no impact on our economy even in next few decades because we have very few users and its not going to spread as its going on
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April 13, 2018, 08:09:40 PM
 #463

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Well there is no effect of btc in overall economy of Pakistan and inflation is increasing continueosly and state bank also warned to trade in crypto currencies,  Many people changed thier living standard through bitcoin investment but overall still we are going down if we compare $ price with rupees, Last Year $1=100pkr and now $1=116 pkr.
Main reason for this all is Corruption and money which is going out through money laundry and no one can stop this because highly government officials also involve in this and they are ruining this all just for own kids safety bitcoin and crypto has no impact on our economy even in next few decades because we have very few users and its not going to spread as its going on
It seems to me that in some countries crypto currency is forbidden, first of all because the state authorities did not come up with a way to control the crypto currency and the citizens' income from the crypto currency. So they want to not only control, but also tax everything that is earned in this way.

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April 14, 2018, 08:38:01 AM
 #464

My country can develop faster with the help of bitcoin, many hunters for bitcoins got a good profit thanks to investing their salary into crypto.


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Codename23
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April 14, 2018, 09:48:26 AM
 #465

The effect of bitcoin in my country is big. How can I say that? Because I knew many people around me who uses, invests and buys and sell coins and money in bitcoin. And they are successful in life right now because of it.  Through bitcoin, it bring changes in our country because they are also part of the community and they are growing.
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April 14, 2018, 09:51:29 AM
 #466

I have never heard of the effects of bitcoin in my country, this is because my country is closing all information about bitcoin and the government declares that using illegal bitcoin for official transactions is making people afraid to use bitcoin.
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April 14, 2018, 10:40:34 AM
 #467

Im not sure with our economy but im sure its good. Especially if all people in our country will do bitcoin. Because we all knew that bitcoin make more money to come in a country. And its reduce a unemployed people thats our country economy problem to many people who are unemployed. If they just knew bitcoin
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April 14, 2018, 10:52:36 AM
 #468

Cryptocurrencies can only affect China's economy, because they produce video cards that are used for cryptocurrency mining.
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April 14, 2018, 10:56:07 AM
 #469

I do not know if it has an effect on our economy today because our government doesn't recognize Bitcoin. And we do not use Bitcoin for everyday use. But I think if Bitcoin and other cryptocurrencies are being accepted worldwide, it will have a huge effect if our country gathers a large amount of Bitcoin before that happens.

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April 14, 2018, 11:09:04 AM
 #470

in my country the economy is quite good, but still wants the best and bitcoin is unlikely to correct this situation
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April 14, 2018, 11:17:34 AM
 #471

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.

I think, jobless can get earn from bitcoin. it can effected economy in country.
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April 14, 2018, 09:22:38 PM
 #472

Bitcoins are enforced legally in Russia but not in central administrative hub. iTs prevalent in local level only
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April 14, 2018, 09:33:53 PM
 #473

because my country [Indonesia] is neutral in the world of BLOCKCHAIN / BITCOIN then the influence in the economic progress of the country is very insignificant but bitcoin can help reduce unemployment like me and make our society better life its economy

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April 14, 2018, 10:36:21 PM
 #474

As far, as I see, bitcoin is advertised a lot, politicans are investing a lot, but regular people in my country seems to bet not realy impressed with it, yes, we are slow Smiley
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April 14, 2018, 11:15:13 PM
 #475

 Smiley     The Philippine economy will likely sustain its robust expansion in the near-term, although below the government's expectation, according to a regional think tank that nonetheless raised its growth outlook for the country.The Economy of the Philippines is the world's 34th largest economy by nominal GDP according to the 2017 estimate of the International Monetary Fund's statistics, it is the 13th largest economy in Asia,
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April 15, 2018, 01:29:44 AM
 #476

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
Right now there are no effects of bitcoin in my country in fact I have yet to meet a single person that have heard of bitcoin which is sad because that means that I'm probably one of the very few people that are benefiting from holding bitcoin and when finally people begin to wake up to the fact that they can make money with bitcoin it will probably be too late.
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April 15, 2018, 02:50:05 AM
 #477

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
they use cryptocurrency to scam investor here in our country.
and i think it is still normal in our country because only few people at the moment knows cryptocurrency in our country

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April 15, 2018, 06:47:13 AM
 #478

Economy is part of the country. So if need to know the country growth check the economy growth. It important of the country. If people will growth country economy also growth. So most of the business before invest choose the country. Economy is help to gather country growth. If economy is not money. Most of the people this about that. But is important for the country growth. It help to gather information for the other country growth.
In many countries bitcoin is not legalized and when something is illegal there will no effect of it on the economy. So I think that it will take some more time for the governments to regularize bitcoin in their respective countries and then it will play a vital role in the economy. But till date there is no effects of bitcoin on the economy.

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April 15, 2018, 07:02:55 AM
 #479

What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
In my country of economics is very underdeveloped and can not serve the development of virtual currency, I think that maybe the virtual money will not be allowed by the government to operate in my country by the longer Too early to get the profit and risk of bringing too much.
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April 15, 2018, 07:21:16 AM
 #480

In my country (Indonesia), Bank Indonesia is starting with the transaction services. The central bank wants to ban any tech company, e-commerce site, or payment system that accepts Bitcoin as a valid payment in Indonesia. That means you can't use your Bitcoin wallet to buy a pizza or purchase airline tickets in Indonesia.



The concern here is that Bitcoin could be used for money laundering or terrorism, according to central bank officials. They were also concerned that Bitcoin could destabilize the Rupiah—one of the most-volatile currencies in Southeast Asia.
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