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Author Topic: Does Bitcoin affect world trade?  (Read 940 times)
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July 19, 2018, 09:48:33 AM
 #41

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I think that this process would become very much more comfortable because you would not need any more to transfer all those money things you can just exchange bitcoin and it would be so much easier than it was

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July 19, 2018, 09:57:02 AM
 #42

Definitely, there is a role. Bitcoin is already involved in trades between individuals. As for countries, I think they would rather use the technology behind bitcoin ( the blockchain technilogy) for their trades since it ensures transparency
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July 19, 2018, 10:12:34 AM
 #43

We can not say that it has completely influenced so far. But it continues to affect. One day a revolution can take place literally.

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July 19, 2018, 10:22:23 AM
 #44

We can not say that it has completely influenced so far. But it continues to affect. One day a revolution can take place literally.
Bitcoin, with its convenience, has opened the way for world trade to add new ways of trading that they have not had before. It has had little or no effect on world trade. It will also have a greater impact on world trade, but also on the positive effects of asset management and more.

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July 19, 2018, 11:07:39 AM
 #45

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?

I dont think so that there is any trade have happened in two different countries in the past or will be there through the bitcoin technology (currency). In fact there are too many roadblocks already underway which are making this stuff go very much wrong. For tow countries to have trade in terms of bitcoin or any other crypto currency will need agreement over the same contract, terms and conditions of using the bitcoin and also the regulatory stuff. Not to forget that this is the reason why fiat works smoothly because its regulated all over the globe in same fashion.

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July 19, 2018, 11:39:44 AM
 #46

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
Bitcoin changes a lot to world trade. It changes the way the payment is made when buying and making these activities happen quickly but still secure. That is a positive influence. The problem now is that Bitcoin is not completely stable so it can become more popular and link more commercial activities.

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July 19, 2018, 11:46:08 AM
 #47

At present, BTC affects the operation of the banking system all over the world. BTC has made the banking system in the world freeze. stagnation activity. That is why many countries banned BTC.
There is no way bitcoin is hampering or affecting the operation of the banking system all over the world. If it was true we would be facing various crisis and bitcoin would have been forced to become the only currency to be used or become totally obsolete. It did not freeze the banking system and only few under developed countries have banned bitcoin.


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July 19, 2018, 12:06:37 PM
 #48

sure that it is affecting the world trade and you will not be able to do anything about this. btc is the leader at the market today and it will be like this forever to my mind. it is the most powerful coin and it will be the best thanks to blockchain

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July 19, 2018, 12:40:41 PM
 #49

With the emergence of Bitcoin and all the over 1,000 cryptocoins, financial transactions are being decentralized on a massive scale. These decentralized transactions have no recourse whatsoever to the US Dollar. This changes the dynamics of international trade, foreign relations, diplomacy, and the impact of economic sanctions. There have always been attempts to “de-dollarize” the global economy and cryptocurrencies seem to be a veritable means of achieving that goal.
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July 19, 2018, 12:47:43 PM
 #50

I am not a professional trader nor an economist but I do love this topic. Allow me to share my opinion on this. I my stand I do think it will affect the world trade. Since we are dealing with money. The investors in bitcoin might be the same investors who worked in the world trade and instead of buying at the trade maybe they spend there money on bitcoins instead.
Increasing demand is not accompanied by adequate Supply, this clearly makes the Bitcoin price skyrocket. From there we already know that bitcoin already affect the world economy because people almost use bitcoin so the government legalize bitcoin.

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July 19, 2018, 01:40:36 PM
 #51

Bitcoin affects the market as well as the world economy so what bitcon has got will affect the economy even if the economy can develop without bitcoin but the economy will be better when have bitcoin
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July 19, 2018, 03:13:33 PM
 #52

Bitcoin is widely used these days and has become very popular as a means of storing value and sending funds around the world. World trade or trade between countries can occur in many different ways, some can be exchange of goods for gold, some can be exchange of goods for crude oil etc. The two or more countries involved in the trade tend to determine the medium of exchange, so therefore countries trading between each other can also use Bitcoin as a medium of exchange, so yes BTC can affect world trade.
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July 19, 2018, 04:18:02 PM
 #53

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
My opinion is that trading internationally between countries can become more comfortable when we would not have those transaction fees and all those things that are hard for now during the process of trading.

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July 19, 2018, 05:08:59 PM
 #54

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I heard that last December Russia supplied stock exchanges to Turkey with some products and this deal was made in bitcoin. I think that one side in this period of a sharp price rise bitcoin won in this transaction, and the other lost. Therefore, I do not think that bitcoin will be widely used among various countries in trade transactions. Bitcoin is very volatile in price and it is unlikely to be used as a means of payment in international agreements.

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July 19, 2018, 05:22:04 PM
 #55

Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
I heard that last December Russia supplied stock exchanges to Turkey with some products and this deal was made in bitcoin. I think that one side in this period of a sharp price rise bitcoin won in this transaction, and the other lost. Therefore, I do not think that bitcoin will be widely used among various countries in trade transactions. Bitcoin is very volatile in price and it is unlikely to be used as a means of payment in international agreements.
If that already happens meaning to say that something are already in a testing grounds, I'm sure if this can be done repeatedly and value of bitcoin will keep increasing adoptions will be more easy for more countries around, bitcoin can lessen the delayed of dealing between countries as electronic eras are approaching having alternatives can be provided by this system, momentarily the fluctuations still giving barrier fo end users around the world.


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July 19, 2018, 05:37:14 PM
 #56

I think it will be very difficult to see bitcoin being use as a means of exchange between two county presently  because it will means the countries involve didn't trust their currency enough and choose to use a decentralise currency..Bitcoin will gain more in their trade exchange and their currency will likely suffer. But this will certainly happen in the near future. Bitcoin will be widely accepted as a means of exchange even between countries.
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July 19, 2018, 05:45:20 PM
 #57

I think it will be very difficult to see bitcoin being use as a means of exchange between two county presently  because it will means the countries involve didn't trust their currency enough and choose to use a decentralise currency..Bitcoin will gain more in their trade exchange and their currency will likely suffer. But this will certainly happen in the near future. Bitcoin will be widely accepted as a means of exchange even between countries.
Bitcoin affects world trade. It changed the way the transaction was familiar. Bitcoin eliminates third parties as banks. This makes the transaction process faster and saves costs as well as risk. Bitcoin also allows for more personalization of assets than paper money.

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July 19, 2018, 06:08:11 PM
 #58

For now, I really don't think Bitcoin has much impact on international trades between countries. Like you are aware, not many countries have openly accepted Bitcoin. Maybe in future, it will.
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July 20, 2018, 11:49:37 AM
 #59

In the field of international trade, Bitcoin can provide users with the greatest benefits.
Because legal currency cannot avoid the cost of transferring money in different currency systems, the cost of bitcoin is even lower in terms of international remittances and international trade.
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July 20, 2018, 11:58:37 AM
 #60

It is a possibility in the future but not in the nearest one. Currently, lots of companies are still hesitant in integrating bitcoin payment in their methods. It's probably because of the fees since most common methods don't have these.

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