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Author Topic: Bitcoin plays a vital role in the economy  (Read 1262 times)
renc77
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August 03, 2018, 07:02:59 AM
 #401

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.

I also believe in that way.

Various of opportunity when a particular institition or people enter to the Bitcoin procedures. It allows every person in different countries to have an easy systems of transaction.

The countries who can regulate it in the way where everyone will agree, will have a positive result in terms of economic growth.
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August 03, 2018, 07:09:59 AM
 #402

just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.
Well there could be indirectly form of effect that bitcoin plays like if you see how the marketcap volume for bitcoin in corresponding fiat value in dollars. It will took billions of dollars coming from around the world. So this money would be taken from the countries economy for bitcoin to add up its market cap volume. If not for bitcoin then these money would circulate in the countries economy and not in bitcoin.

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August 03, 2018, 07:18:07 AM
 #403

That is actually true. Crypto currency actually gives a regular joe a chance to make something for themselves. It also gives us a crash course on investing in the stock msrket and could actually better ourselves by being financially savvy. Most of all, crypto currency gices us a chance to amass wealth by trading.

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August 03, 2018, 08:15:39 AM
 #404

Bitcoin may not have taxes and it is decentralized but those features doesn't put an end to its purpose to the economy. Bitcoin opens ways for people to earn a living, may it be part time or full time from anywhere around the world, at anytime. I believe that having a means of earning is something BIg for people and their families, this contribution from the smallest unit of society is a big step, once a lot of people from each family provides a living through Bitcoin then we can say that it is big enough to have a positive effect on the economy of any nation.

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August 03, 2018, 08:16:24 AM
 #405

I guess it is true to a point. Crypto currency was created to become an alternative means of exchanging goods and services around the globe. It was also a decentralized form of currency that could be traded around the globe on am instant. Like currency, it can also be stock option. This stock option is very lucrative to investors both rich and regular giving both a chance to gain an income outside their normal means.

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August 03, 2018, 09:10:38 AM
 #406

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.
I agree with you, if the government and people will take bitcoin on account they will definitely have some benefits from using it, the problem is that many of people are just afraid of Bitcoin.
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August 03, 2018, 09:59:18 AM
 #407

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.
Bitcoin is really good. With Bitcoin I was able to connect with people of all kinds and was also able to find a good job (an online job) after some time of looking for a job.

I’m living a good life now, and I also hope to even achieve more from here. Bitcoin is the only investment I ever trusted cause it looked legit and not like other investments and it really paid off, apart from my job I have been able to make some profit by just investing.

CaptainKid
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August 03, 2018, 10:32:30 AM
 #408

Undoubtedly, bitcoin with its blockchain technology can contribute to the development of the economy in the country, of course, if properly used, but at the moment I can not agree that bitcoin plays a vital role for the economy.

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August 03, 2018, 10:53:06 AM
 #409

I agree with your opinion. If bitcoin is legalized, bitcoin will help the country to thrive like America, Japan, the Netherlands, etc. If that happens, people will believe in bitcoin. The number of people investing in bitcoin will increase dramatically.
Khan Apon
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August 03, 2018, 11:09:31 AM
 #410

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.
Burogh
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August 03, 2018, 12:20:21 PM
 #411

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.

Bitcoin triggering new bussiness in the world using blockchain technology. Many bussiness industry start to implementing blockchain on their platform. Bitcoin can play vital role in economic because with bitcoin, many bussiness can save more cost and make their bussiness more eficient by using bitcoin for their transaction

melfwaz
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August 06, 2018, 10:28:11 AM
 #412

just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.
Well there could be indirectly form of effect that bitcoin plays like if you see how the marketcap volume for bitcoin in corresponding fiat value in dollars. It will took billions of dollars coming from around the world. So this money would be taken from the countries economy for bitcoin to add up its market cap volume. If not for bitcoin then these money would circulate in the countries economy and not in bitcoin.
One thing that is very clear to me and may be consider as direct impact of bitcoin on economy. I think that bitcoin is increasing the economic condition of the people, which will no doubt also put some good effect on the economic condition of a country.
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August 06, 2018, 10:39:33 AM
 #413

In my opinion, it is true that bitcoin has an important role in the economy, because many open doors in new markets. Although there are several countries that prohibit using bitcoin, there are still many people who use it. Maybe if the government starts to legalize bitcoin in their country it might be more helpful to the economy of the people and will increase the development of bitcoin so that the country's economy will be even better.
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August 07, 2018, 06:36:51 AM
 #414

That is actually true. Crypto currency actually gives a regular joe a chance to make something for themselves. It also gives us a crash course on investing in the stock msrket and could actually better ourselves by being financially savvy. Most of all, crypto currency gices us a chance to amass wealth by trading.
This is absolutely right. Bitcoin becomes a mass that helps people to make extraordinary mass of profit. This let people make their lives healthy and wealthy. People are enjoying best of their life aspects through bitcoin because they trade with it or invest and some are moving with campaigns. Along with their salaried jobs, they still are earning extra money in part time.

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August 07, 2018, 06:45:35 AM
 #415

Developing countries are now tending to develop economies of scale by advances in technical achievement, especially in electronics. And the introduction of cryptocurrency has marked a new development. Since its inception in 2009 Bitcoin has been a headache for financiers, economists for scarcity or high profitability.
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August 07, 2018, 06:51:00 AM
 #416

It is very difficult for the government to do that. But if the BTC is truly legalized and applied to the market, then the country will surely thrive under Bitcoin.
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August 08, 2018, 02:44:59 PM
 #417


Bitcoin is estimated to play an important digital financial role, because more and more countries can accept it as a payment instrument. If there are countries that have not been able to accept bitcoin as a payment instrument, because bitcoin cannot be controlled by anyone, there are no regulations regarding the regulations governing taxes. So the government needs to make regulations in advance so that bitcoin can be legal and beneficial to society. bitcoin is digital finance so it can move anywhere.
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August 08, 2018, 02:52:23 PM
 #418

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.
Well your sentiments are good and same as my vision about cryptocurrency because only the security and the policy of other countries thats whu they are doing this to this community but ifhey will only open their eyes on what is the benefits crypto can give.maybe they will accept bitcoin and crypto open arms

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August 12, 2018, 06:42:00 PM
 #419

Undoubtedly, bitcoin with its blockchain technology can contribute to the development of the economy in the country, of course, if properly used, but at the moment I can not agree that bitcoin plays a vital role for the economy.
It was really true at the time before that, bitcoin was making huge breakthroughs. But at the moment it is pausing to wait for market action. And what investors need to do is build the best communities to protect electronic money. Thoroughly civilized, only so bitcoin can sustain its role in the economy.

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September 08, 2018, 03:03:29 PM
 #420

Bitcoin can play a very important role for the economy of a country. It has already been a very good source of income for a lot of people all around the world. Many governments all around the globe don't like bitcoin, as they don't get taxes with transaction on bitcoin.
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