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Author Topic: Bitcoin plays a vital role in the economy  (Read 2308 times)
Aing
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June 05, 2018, 03:55:36 PM
 #161

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.
Actually tax is one of the main fields for the country to make money other than state-owned enterprises. So I guess the state will not let anything without taxes can roam freely, all-inclusive taxes are therefore a common rule of a country. I think all countries are also applying it. Opening up local business opportunities that allow bitcoin may be able to raise the economic situation, but to determine how it will be applied and how it will be if it is already in the running is the main question here.
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June 05, 2018, 03:58:06 PM
 #162

The appearance of bitcoin has become a real breakthrough. That's why there is nothing surprising that it has a great influence on the economy. Not all governments want to accept it but with time this will change as everyone will understand how many pros it has
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June 05, 2018, 04:09:13 PM
 #163

People don't always pay taxes for all the things that they always do, using cryptocurrencies can't be that powerful bad effect unless all people in the world uses it. But when there are a handful of people who use bitcoin for a crime or a bad thing, it will damage the image of bitcoin and cryptocurrency. whereas bitcoin has more benefits. We all know that bitcoin could give a massive growth of wealth. In this matter many individuals in different sides of country tried to invest and become successful which take home huge amount of money in their country.
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June 07, 2018, 11:58:58 AM
 #164

this right in a few fields that
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June 07, 2018, 12:13:42 PM
 #165

Not yet, there are no industries which can't function  without BTC, but almost any sphere can benifit from using blockchain and Bitcoin in particular
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June 07, 2018, 12:54:40 PM
 #166

Yes with full government support for the world of cryptocurrency surely the spirit of someone will continue to burn in utilizing bitcoin as a means of income and the country that began formalizing it became more advanced after the community can meet the basic needs with guaranteed and lower unemployment.

Polly.Nochka
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June 07, 2018, 01:11:31 PM
 #167

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.

You correctly say that bitcoin affects the economy. It's so global that it's even hard to realize it to the fullest. Great minds foretell the revolution of the blockchain. We can only watch this process and have time to earn money on it.
dupee419
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June 07, 2018, 01:33:59 PM
 #168

It definitely plays a vital role, bitcoin can be the solution to one's economy, it is indeed important since it can be the answer to making the economy of a country much better, hopefully the Government would be able to benefit from it.
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June 07, 2018, 01:52:20 PM
 #169

The appearance of bitcoin has become a real breakthrough. That's why there is nothing surprising that it has a great influence on the economy. Not all governments want to accept it but with time this will change as everyone will understand how many pros it has
They are not important, they are only an accessory to the economy in payment. Many countries have not accepted BTC in paying for goods and have not considered them as a market economy. legal business, so BTC is not the main economy now.

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June 07, 2018, 01:55:19 PM
 #170

The increasing globalization of the world economy is accompanied by rapid digital technology, the people's need for speed, convenience and security of financial transactions are increasing. So the required payment system is quite reliable and easy. The payment system is a mechanism that includes the arrangements used for the delivery of payments through the exchange of values between individuals, financial institutions both domestically and globally, with the existence of Blockchain Technology with its strongest currency called Bitcoin,
Despite the risks associated with the use of Bitcoin, Bitcoin can expand the likelihood of economic activity and redefine how e-commerce is done. It is however important to be aware of the risks and implications of using this historic technology.
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June 07, 2018, 01:58:57 PM
 #171

yes you are right, more and more people begin to use btc and more and more county begin accept btc. bitcoin start to play a vital role  and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.
Tonicantik
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June 07, 2018, 02:03:28 PM
 #172

indeed today can be called practically like that. because because bitcoin has started quite popular and is becoming accepted by people in the world, and those who believe will say bitcoin at this time does help the economy of our lives for those who believe in bitcoin.
Wahyu aep
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June 07, 2018, 02:08:12 PM
 #173

I strongly agree with this section, if some governments agree to legalize bitcoin and encourage many exchanges to go to their country, create jobs, engage in partner actions such as building more universities and encourage courses in infomatic engineering, supporting industrial agriculture projects, ICO that has a good project.Bitcoin plays an important role in the economy. It will become stronger every day.and so on.
rjsmith
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June 07, 2018, 02:19:09 PM
 #174

Yes,of course bitcoin plays a vital role in the economy.and its already be calculated as a lengthy player in various bourn economy. it makes people go on alive because they earn profit from it.
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June 07, 2018, 02:31:06 PM
Last edit: June 07, 2018, 02:49:02 PM by roshanface123
 #175

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 the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks. Every transaction is digitally recorded to keep security. Though the transactions are recorded, the information of the parties participating in the exchange is not revealed. The money can only be tracked when it is converted into cash. It helps the people to invest their savings conveniently. It is investment system suitable to our economy.
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June 07, 2018, 02:33:19 PM
 #176

yes you are right and I agree with you that many government doesn't like bitcoin because they don't get the tax of the owning of bitcoin and profit from bitcoin, and they don't realize that bitcoin is the one currencies that will affect world in the future, and maybe economics of the world can be change bcause of bitcoin

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Tagus45
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June 07, 2018, 02:39:06 PM
 #177

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 can change the economy that holds it because they benefit from bitcoin. And when the state legalizes bitcoin the public is more free to have bitcoin, and the economy will get better.

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June 07, 2018, 02:46:47 PM
 #178

There are so many reasons that makes  Bitcoin economically  Relevant to our present world. Any country that want to go far in future need to adopt Bitcoin and cryptocurrency generally.  If you check great projects Given birth through bitcoin  it's show that bitcoin have the potential of boosting a nations economy.
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June 07, 2018, 02:49:39 PM
 #179

The good news is that bitcoin's status is increasingly recognized.
Because that means the entire cryptocurrency market is legalizing.
i think bitcoin will become a universal currency in the world . in the near future , many countries's governments will make large reserves of bitcoin . this is fair to everyone .
hubballi
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June 07, 2018, 02:54:21 PM
Merited by susila_bai (6)
 #180

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.

Who told that you cannot tax the cryptocurrency. Their are so many ways that you can collect tax from the cryptocurrency users. Just like in stock market you can collect trading taxes and you wont believe that the tax collected through cryptocurrency will be more then what the country will be collecting from any other option. Still they are not ready to accept it.

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