Bitcoin plays a vital role in the economy

[sham100899]

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.

[1714168948]

1714168948

[1714168948]

1714168948

[1714168948]

1714168948

[talkbitcoin]

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.

[sham100899]

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.

But the economy will change because of bitcoin not because of people.

[First77]

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.

Forex trading is $4,000,000,000,000 per day transactions (US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen). That is the reason Central Banks are stopping banks from supporting Bitcoin transactions.

People cannot create money like Bitcoin (decentralization) and governments have an well established money system that has seen many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more..

[sham100899]

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.

Forex trading is $4,000,000,000,000 per day transactions (US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen). That is the reason Central Banks are stopping banks from supporting Bitcoin transactions.

People cannot create money like Bitcoin (decentralization) and governments have an well established money system that ha seen many wars and economic crashes, 9/11 terrorist attacks, economic booms, technology revolution and more..

And central banks are being controlled by Rothschild family, the reason they are stopping bitcoin and cryptocurrency is that it is controlled by no one.

[Paul karet]

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.

Forex trading is $4,000,000,000,000 per day transactions (US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen). That is the reason Central Banks are stopping banks from supporting Bitcoin transactions.

People cannot create money like Bitcoin (decentralization) and governments have an well established money system that ha seen many wars and economic crashes, 9/11 terrorist attacks, economic booms, technology revolution and more..

And central banks are being controlled by Rothschild family, the reason they are stopping bitcoin and cryptocurrency is that it is controlled by no one.

Bitcoin is not a fiat currency with a legitimate status in any country, but 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, or other forms.
The government considers very high bitcoin prices while difficulties with bitcoin taxes, so the government needs time to accept bitcoin.

[CryptoFlashh]

Interesting, that's one perspective I didn't think of. You're right haha

[Slow death]

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 this part, if some governments agreed to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as construction of more universities and encourage courses in infomatic engineering, support industrialized agriculture projects, support ICOs that have good projects. I mean, this could benefit countries like mine that are third world that need a lot of foreign investment, but the problem is that the politicians are corrupt and they only approve laws that will benefit them and only bring foreign investors that who know that they will give some money to their pocket.

The problem is not in bitcoin, the problem is not in the altcoins, the problem is not in the ICOs, the problem is the people greed and the unwillingness to improve the world where we all live

[ballerin and giroud]

A country's economy could be increased by bitcoin with the government's record of being able to accept bitcoin and legalize bitcoin and impose a tax on bitcoin users in either trade or investment or a transaction. The tax is what gives the government income. How can a country's economy change because of bitcoin if they do not impose taxes on people in action using bitcoin in a transaction.

[SMD.Shuvo]

I agree with this section. If the government of Bangladesh gives consent to legalize Bitcoin, it will become stronger. Bitcoin plays a key role in the economy.
Bitcoin plays an important role in the economy. It will become stronger every day.

[wizhkha]

indeed this time like that, but later will be turned into a 3rd world because bitcoin our future and the whole world good bitcoin.

[BTCwin1]

The good news is that bitcoin's status is increasingly recognized.
Because that means the entire cryptocurrency market is legalizing.

[gordeevaverona]

Speaking about the economy of the world as a whole, it plays not the most important role, since bitcoin has not won the confidence of the whole world

[jomel]

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.

Very well said. Bitcoin really have a big impact and plays a vital role in the economy of each country that are using bitcoin. The only reason why they didnt want to give bitcoin the opportunity to be part of the economy is because they don't have the power to manipulate it. And also they can't get taxes from those who are using it so for them bitcoin is just useless. But it they will they different bitcoin helps a lot.

[Woterry]

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.

Here’s what can happen and what should not happen when opening cryptocurrency in a country. Cryptocurrency can, of course, make a third world country one of the best countries. But what the government don’t want is they can’t get anything from crypto. Also some banks are against crypto, so that’s why they help the government ban it from the country. What should not happen is when government agrees to open crypto to a country, they won’t milk the cryptoworld to pay them lot of money for opening the system.

[ellabanana]

I'm happy that there are still people who sees the capability of cryptocurrency like I do. Yes, it would definitely impact the economy of a country. So, even with all the issues raised regarding cryptocurrency, I definitely believe that one day, it would be widely accepted.

[BrewMaster]

bitcoin doesn't play a vital role in the economy, but it can. there is a difference between these two statements! bitcoin like anything else can be like a tool that some people use to improve their lives, economy,... and some others ignore it and don't use it for anything.
for example the adoption that happened in Japan led to a huge economical change because of all the jobs that were created and also the revenue of the merchants that was increased because of it.

[VclDm]

Yes, Bitcoin really has a big impact and plays an important role in the economy of every bitcoin country, and bitcoin is increasingly recognized, which means that the entire electronic money market is legalization.

[fleeb22]

well i would stay it still has a way to go before it becomes a vital role in the economy but yes perhaps in the future it will be

[denverangelo9]

Of course bitcoin has an important role in the economy.
Many investors are investing or withdrawing their money.
Then there will be an increase and decrease in bitcoin prices.