Bitcoin plays a vital role in the economy

[shalaza]

In my country, Bitcoin is yet to affect the economy in anyway. Gradually, thinhs might change for better. If only the government would see the vast opportunities in Bitcoin

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[SaiWAFU]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Dude if you open your mind, you'll see that governments won't acknowledge bitcoin or any crypto if it could not offer transparency with transactions. This is of course because for the security of the citizens, anything unregulated is meant to explode in due time.

And why do you want to evade taxation? You know where your government get their funds right? So if your government stops health and other of your benefits you wouldn't mind?

[mitakatu]

It's pretty much related to economics, since almost every person who has money is playing bitcoin, all investing in it

[CurrenCyTRR]

I also believe so

[onemoretime8520]

I have lived in a third world country and even a simplest transaction was a pain in the a.. , if they could make btc a tool for progressing furhter and opening new gates for finance and derivatives sector than they would see a spike in economy.

[nani culi]

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits

[anything9ce]

Bitcoin isn't the primary try at associate degree all-digital, cryptographically primarily based currency. Others have existed in one type or another for nearly fifty years, however have either did not embark or dramatically crashed and burned. Bitcoin is that the initial cryptocurrency with the deep structure, wide adoption, and commercialism momentum to attain velocity.

[cryptotaste007]

Digital currencies are problematic monetary advancement that can possibly upset the current monetary structure and change how banks and money related foundation work. Prior all the money related exchanges were empowered through national banks (straightforwardly or in a roundabout way).Now, with the evolution of Bitcoins, the scenario has changed. Bitcoin and Ether and all these cryptocurrencies are representing a different type of asset class; a different type of trade-able commodity. Similarly, many banks now trust bitcoin enough to use it for payments.

[Dopansam]

It is often still bound by the tax liability rules regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits. 

[Mikhail_Shmurge]

Today, as a rule, almost every digital international transaction involves the use of one or another form of virtual currency or credit. Thus, bitcoin is designed to provide security guarantees and credit convenience, while reducing transaction processing times and commission payments.

[ehrz22]

Digital currencies are problematic monetary advancement that can possibly upset the current monetary structure and change how banks and money related foundation work. Prior all the money related exchanges were empowered through national banks (straightforwardly or in a roundabout way).Now, with the evolution of Bitcoins, the scenario has changed. Bitcoin and Ether and all these cryptocurrencies are representing a different type of asset class; a different type of trade-able commodity. Similarly, many banks now trust bitcoin enough to use it for payments.

you are right, because of many people using and supporting bitcoins and other cryptocurrencies. I am not sure if making investments in bitcoin plays a vital role in the economy but this is what is happening right now.

[fcf1081]

Bitcoin will vital role in the  success of one's economy if the government accept bitcoin and will regulate it perhaps the people will use bitcoin as means of transaction and as the country grows bitcoin will become part of it.

[theyRmose]

You are right, it would be nice if the government legalizes bitcoin and provides legal protection for bitcoin users.
But most governments only think about the profits they will receive from bitcoin not about how they will see bitcoin flourish in the global economy.

[BitcoinMarketer39]

Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.

Bitcoins do really affect the growth of the economy in a country and because of that, we can say that cryptocurrency has a vital role and that is for other people to have wealth in an easier way and they can also have financial freedom by not working on the corporate world and earning a small amount of salary.

[campingSider]

if I see a lot of people who are interested in bitcoin. even bitcoin has helped mainly the economic life of people who medium down. creating new jobs. so the number of unemployed becomes reduced .

[putra daerah]

yes, bitcoin does play an important role in the economy of the country and individuals.
in my life bitcoin has helped the financial economy.

[Bitcoin_Makers]

Bitcoin really changes our world and the economy of all countries for the better,although not all countries still understand what prospects gives cryptocurrency and smart money.

[weeklyeth]

looking at bitcoin market price and market capitalisation and technology-driven we can see bitcoin holding the future of banking it is surely economy booster

[oegarod]

Right now it doesn't have any big role with the economy of a country. Possibly after years when the usage increases, it'll be contributing big. At present in most of the country the usage is low and so, it is considered among the miscellaneous part of the economy. Hope, the increasing usage and demand will lead to towards change.

[owmivmen]

If the country uses bitcoin, it is certain that the country will prosper. in view of the volume of trade alone bitcoin a lot of interest. taxes that are from trade in inputs to state revenues.