Bitcoin plays a vital role in the economy

[Topaz72]

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.

Yes because of bitcoin and it will happen only when people stop working and rely on bitcoin only, in that way people will affect the economy because it will break down the man power. This is what i think.

It is men’s power which makes bitcoin alive and it rises because we uses it, if people will stop investing into it, then it will not even chance the price, but we use, we invest because we know how much profitable bitcoin is, our economical life is getting better with bitcoin investment and it helps us to have all facilities in life without any discrimination, as everyone is equally able to get benefit from bitcoin, because of which now only few percents of people are remaining poor in my country.

[Jamescur]

Cryptocurrency has become a great market!
The boom in the blockchain has made many people investing in stocks invest in cryptocurrencies. The cryptocurrency industry has become a new investment hotspot! Cryptocurrencies also provide new employment opportunities! Contribute to economic development!

[jakoylantern]

For me, yes bitcoin plays a crucial role in the economy especially in the future if this cryptocurrency becomes legal and accepted by many people. We all know that many people are now using bitcoin into their transaction and daily expenses. Many users are now earning an extra income that they use to pay the bills and this bitcoin giving or help that economy even people need to convert their cryptocurrency into a real currency so that they can use it because most of the establishment don’t still accept bitcoin as payment. But if bitcoin become legal or much acceptable in the future, I’m sure that bitcoin has a massive role in the economy, especially in our transactions. 

[Elseye]

I think that not yet, it's a perspective tool and it may give a big influence to the world, but currently it is on its "baby stage".

[RenatoVillarinJr]

Crypto have changed the way we view economics cryptocurrency entrepreneurs have found ways to tokenize everything from time to real estate. What struck my attention most though is the tokenization of power. Commoditizing power is nothing new the idea has been around as long as electricity itself and the liquidity of this market led to great infrastructure development in the  •United States • and abroad. .

[BitProCoin]

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.

[sicnarfwb]

Yeah your right, BITCOIN BTC plays a vital role in the economy because of its number of users compared to other ICO's which we called it a fiat coin in cryptocurrency market. This coin will rise its value by means of number of investor that play the economy for further development and advancement of technology which serve as alternative way to upgrade the banking system with the support of cryprocurrency in the future.

[Froloff92]

I think if bitcoin wants to be something acceptable to the government and to be an important role in the economy. Certainly bitcoin will be set up so well by the government as it is taxed in every use.

[ttking]

Given the fixed production schedule for bitcoins, ultimately, the block production rewards will be reduced to zero, and the network will have to be provided through transactional fees. A network with "low" tariffs is a network with a small degree of security, prone to external censorship. Those who advertise low commissions of alternatives to bitcoin, unconsciously describe the weakness of these so-called altcoins.

[Yohr87]

Bitcoin have a vital role in economy because Bitcoin very helpful to unemployed and also to employed people. It is a big help to get extra income to support their family needs.But even it help many life government don't see the advantages of having Bitcoin because for them they can not get taxes in every transaction in Bitcoin.

[19Nov16]

With the growing bitcap marketcap, I'm sure that bitcoin is a better thing in improving the world economy, but unfortunately big obstacles are happening because many countries are banned bitcoin.

[valentine401]

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, cryptocurrency is one of the reason why there are a lot of people who can cover up their financial problems but it has a disadvantage on the government because they will not place money on the banks and government will lose a huge amount of funds since they are getting it from the taxes.

[jonaire99]

When a government allows bitcoin to be one of their legal currency, there must be nationwide use of the cryptocurrency before it can cause an effect in the economy. It may play an important role in the country's economic progress through transaction taxes. But the monetary authorities have to find effective ways on how to deal with bitcoin's volatility and rapid fluctuation.

[fantasticX5]

The government will not support bitcoin because some whales are already manipulating this technology and the government has no control on them. If only the bitcoin will spread the ownership around the world, then the whales can't control this and more people will get benefited with the profits and help the economy.

[Indra32]

yes you are right bitcoin start to play with the price conditions and give effect to the world economic condition, imagine if bitcoin can become the main digital currency will surely be expensive.

I think these same people will never pay their taxes when they do other things so the economy does not change because of them.
just because some people do not pay their taxes when trading bitcoin and cryptocurrency does not mean that bitcoin affects the economy of the whole country!

[110910ktx]

I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the  unemployed people. 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

[bealjulian]

Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies

[logan16j]

Bitcoin can definitely turn around the economy but just like others in order to to reach their goal it will require hard word determination and knowledge. More people are now adopting crypto  as investments but in the future when more projects succeed using blockchain technology then there will be a good outcome that users will benefit.  If some governments agree to legalize Bitcoin and many exchanges go to their country, create jobs, work as part of further university building, support industrialized agricultural projects

[Osarman]

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 totally agree, one of the reason why the government is against crypto is decentralization, there is no way for them to tax it. However, it is true that cryptocurrency can open a lot of opportunities which can even help a country's economy by offering business and job opportunities to it's people.

Bitcoin still need to be promoted around the world. When more and more people invest in bitcoin the use of bitcoin will increase the price will also increase and thus the profit of the people will also increase and on the whole the economy of a country will grow more. Bitcoin has an indirect link with better economy. With bitcoin earnings you can do anything profitable for your future.

[Levin23]

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.

Yes, if the state wants to examine more deeply about cryptocurrency, surely they will benefit greatly .. there is more that need to be learned by the countries, that is Blockchain technology ..