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Author Topic: Does Bitcoin affect world trade?  (Read 918 times)
hotforblockchain
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July 20, 2018, 01:17:42 PM
 #61

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?

If you mean settlements between 2 countries, it is highly unlikely, we have to go a long way before this happens.
But if you mean as in business, I think that this is one of the best features of bitcoin- it is very useful for over boarder , international payments, it is border-less and cheap to transfer and fast. And i believe there is a huge potential.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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July 20, 2018, 01:24:48 PM
 #62

IMO, bitcoin are different thing , it's similar like gold.
If you compare with stock trading, it's being affect by world issue but cryptocurrency are purely depend on supply & demand.
So that's why you can see bitcoin value can change significantly !
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July 20, 2018, 01:33:17 PM
 #63

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 have not heard anything about the bitcoin trade or exchange between the two countries in the world. You can see that the value of bitcoins are unstable and that in the world there are very few countries that recognize and allow bitcoin to be legally circulated. Since bitcoin has nothing to talk about, I think no country will take bitcoin to trade.
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July 20, 2018, 01:51:48 PM
 #64

World trade will affect bitcoin and vice versa bitcoin will also affect the current trade influence of the price of bitcoin per day influencing the market and many related policies.
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July 20, 2018, 02:50:07 PM
 #65

Does it mean they will exchange the goods through bitcoin? If true as I say. It can not happen. It only happens when both countries accept bitcoin as a common payment method. But no country accepts bitcoin for payment
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July 21, 2018, 04:04:00 PM
 #66

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 haven't heard about international trading system that would be accomplished through the blockchain and Bitcoin, but I've heard about some unbelievable amount of money send it from one wallet to another with microscopic transaction fee.

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July 21, 2018, 05:12:13 PM
 #67

As of now it does not affect world trade as it has a completely different ecosystem than the stocks market and only the ones who are interested and invested into it are haveing either its benefits or drawbacks. However once it is integrated in the mainstream market then BTC or cryptocurrency in general will have big impact in the world trade since it will also be a barometer for the prices of stocks.
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July 21, 2018, 07:28:47 PM
 #68

According to my knowledge bitcoin has no great effect on trading but it’s very influential due to the increasing demand and the limited supply so the value of bitcoin can change very drastically.


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July 21, 2018, 07:58:06 PM
 #69

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?

Until recently, there was no way for companies to hedge their bitcoin exposure. If a Company sells goods for bitcoins, but receives payment in 30 days, it wouldn't be sure of the value it would receive. The volatility that bitcoin has could wipe out the entire capital of a small business. So the smart ones would focus on building their business, not try to manage bitcoin volatility.


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July 21, 2018, 09:19:51 PM
 #70

I think that the role of bitcoin in the world trade will increase because there are a lot of reasons for that. I read some articles where authors described how sanctioned countries made payments between themself using cryptocurrencies.
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July 21, 2018, 09:24:47 PM
 #71

nah, the crypto world can't be compared to the current financial infrastrucure. We are several trillion away from affecting anything
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July 21, 2018, 10:12:07 PM
 #72

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?
Maybe one day, if Bitcoin is able to garner enough poise and respect to begin being adopted by most countries.
It's good to be somewhat of a dreamer, but as of now the road to regulation is a bumpy one, filled with many potholes, but when all is said and done, the road will be a bit more polished, resulting in less friction than what we've been used to traversing.
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July 21, 2018, 10:41:51 PM
 #73

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?

In my own opinion, yes it actually does, the demand in the world trade can actually decrease because some of the people will switch to cryptocurrency.
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July 22, 2018, 09:54:13 AM
 #74

For now I  not too sure that bitcoin can affect world trade because to the prohibition of government in a country makes bitcoin more difficult to develop after the population does not dare to invest in the future with the ban.

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July 22, 2018, 10:22:27 AM
 #75

The entrance of bitcoin only means an opportunity for people to earn and a competition for existing commodities that is used in international trading like gold,oil, currency etc. Most of countries are looking at bitcoin as competitor when it comes to forex because it directly affects the competition by shifting the investors from trading local currency into trading bitcoins.

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July 22, 2018, 11:58:25 AM
 #76

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 government will not using bitcoin or other cryptocurrency. Bussinessman and company probably using bitcoin or cryptocurrency for faster transaction. I think cryptocurrency will help increasing world trade because more efficient and cost more lower than using banks


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July 22, 2018, 12:36:48 PM
 #77

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?

as far as i know bitcoin trading investment is different from international trade,because the cryptocurrency investment have its own world and only for integral trading of figures,while in international trade,its is the transaction of trading bussiness worldwide,while in the other hand i've never been heard a cryptocurrency transaction of two country but in international trading bussiness mostly many times i've heard of this,especially  trading in my own country.

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July 22, 2018, 12:57:52 PM
 #78

It is impossible that countries will use bitcoin to settle trades among them, that will in a general sense be a help to bitcoin and in a way they will see likewise that they don't trust in each other with their fiscal models and they get a kick out of the chance to pick a decentralized money rather, so I genuinely feel that we are not going to see a ponder, for example, this in our lifetimes.
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July 22, 2018, 12:59:04 PM
 #79

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?
It is improbable that nations will utilize bitcoin to settle exchanges among them, that will fundamentally be a support to bitcoin and in a way they will perceive also that they don't confide in each other with their monetary standards and they like to pick a decentralized cash rather, so I truly feel that we are not going to see a wonder such as this in our lifetimes.
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July 22, 2018, 01:02:51 PM
 #80

Up to this point, there was no chance to get for organizations to fence their bitcoin introduction. On the off chance that a Company offers products for bitcoins, yet gets installment in 30 days, it wouldn't make certain of the esteem it would get. The unpredictability that bitcoin has could wipe out the whole capital of an independent venture. So the brilliant ones would center around building their business, not endeavor to oversee bitcoin unpredictability.
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