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Author Topic: Does Bitcoin affect world trade?  (Read 918 times)
Kolikalex55
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July 22, 2018, 01:31:56 PM
 #81

I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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July 22, 2018, 03:06:58 PM
 #82

Yes like for those buying and selling goods and services across borders, cryptocurrency offers a host of benefits. For example, because cryptocurrency is a peer-to-peer monetary system, there are no taxes that govern them, and transaction fees are almost nonexistent. Regardless of how the future pans out for cryptocurrencies, it’s clear that business owners should be exploring cryptocurrency and blockchain technologies to see how they could benefit and make a move to capitalize on the technology.
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July 22, 2018, 04:22:50 PM
 #83

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.
Smiley There are certainly a number of factors that influence the bitcoin value
But there are some things that can be found in new types of copper that make communities less trustworthy and less motivated to invest
However, depending on the currency of different values and useful to the community is very strong welcome. It is very likely that the future of the Bitcoin market is expected.

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July 24, 2018, 07:19:15 AM
 #84

It can affect a lot in the future but for now it is just a fraction of it. The world derrivative supply will need
to stop expanding with time. It is going way over the limits of what we can accept yet banks are still greedy and bond stuff together to sell even more. Noone learnt their lessons from 2008 crisis. For now bitcoin is just lurking and waiting, the next time there is a big bubble burst like in 2008, bitcoin will be here to take a bigger piece of the pie.
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July 24, 2018, 06:11:54 PM
 #85

Yes, Bitcoin can definitely affect world trade. The business entrepreneurs can use Bitcoin settle cross-border payments. That would be much easier way of making payments as there would not be many formalities involved. Also the value of Bitcoin is same all over the world unlike the currencies which have different value in every country. But I don’t think so that this has been put into reality so far because Bitcoin lacks adoption and is not regulated.

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July 25, 2018, 07:47:41 AM
 #86

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
Yeah when you consider bitcoin purely as payment method then scenario changes. Right now so many people are loving it just because bitcoin is providing them opportunity and chances to make good money but when you say them use it for payment method, majority of them approve this request but some might be against this favor. They prefer to stick with old method.


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July 25, 2018, 08:06:48 AM
 #87

absolutely will, world trade will affect Bitcoin and  Bitcoin will also affect world trade. 
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July 25, 2018, 08:58:32 AM
 #88

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 plays an important role in promoting the economy in international trade. These sectors of energy, food and raw materials thus benefit from this electronic currency. Many ecommerce companies China has joint ventures with US companies through the construction of blockchain systems for quality control. And countries that specialize in exporting goods, the application of bitcoin to the transaction will attract a lot of trading companies world, as it is now the era of technology 4.0

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July 25, 2018, 09:13:11 AM
 #89

It does... in the way we dont realize... I think it affect the way how we get the moneys we need to trade
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July 25, 2018, 09:52:55 AM
 #90

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 can actually affect the world trade because the volume in the market might decrease or increase since people will turn into cryptocurrency industry.

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July 25, 2018, 09:57:04 AM
 #91

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?

Never heard about the trade between two countries that went through the crypto currencies form. This is also very contradictory as to why they will make such trade because its not having any legal agendas amongst the two countries. Whoever countries make trades, for example sell oil, petroleum etc then the transaction is always done in terms of the fiat currency. The money is very important for other nations and not the assets. What I mean by this is simple, they don trade two different assets in exchange of one. Bitcoin being the assets these will never be used as exchange value plus altcoins are not having capacity to do so.


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July 25, 2018, 10:07:27 AM
 #92

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?

Never heard about the trade between two countries that went through the crypto currencies form. This is also very contradictory as to why they will make such trade because its not having any legal agendas amongst the two countries. Whoever countries make trades, for example sell oil, petroleum etc then the transaction is always done in terms of the fiat currency. The money is very important for other nations and not the assets. What I mean by this is simple, they don trade two different assets in exchange of one. Bitcoin being the assets these will never be used as exchange value plus altcoins are not having capacity to do so.

   That kind of trade between two countries in Bitcoin would be great news, something like that
would be explosion not just in crypto-world.
   Bitcoin trading is world for itself. People are selling stocks to buy crypto-currencies, crypto
trading is becoming more popular than trading with stocks.
   There are news about Wall Street getting into crypto-currencies. When that happen world trading
will start to trade in crypto-currencies. That will happen!

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newcollegestar
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July 26, 2018, 11:52:44 AM
 #93

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.
Bitcoin is a source through which countries are benefiting their economies by trading and investment which are contributing to their economies. Those countries where there is a proper system for the Bitcoin and other cryptocurrencies are in progress and have boosted their economies. It just needs investment while paper currency also needs its manufacturing so it benefits countries in this way too.
yanixbtc
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July 26, 2018, 11:58:25 AM
 #94

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.


Yes, At this stage most central banks are closely noting developments in the growth of bitcoin. Some, however, have already responded by proposing the issuance of a digital version of their fiat currencies. Banks and governments all care deeply about what money is used for. Money's use carries associations of value, which in turn helps establish whether a currency, a payment form, and a social model for transactions are legitimate.
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July 26, 2018, 12:09:37 PM
 #95

I think that the short answer would be - no.
Bitcoin volume and transactions which are not related to exchanges are very small compared to world economy trade and therefore is does not contribute, at least - not yet.

bohr
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July 30, 2018, 04:49:39 AM
 #96

I haven't heard anything about it, but I think not ! bitcoin is still quite raw and I think that in the near future this issue will be widely relevant !
Bitcoin maybe is unable to affect the world of trade right now because it is really small but this is not going to last for a long time, bitcoin is on the verge of growing massively and governments know this and when that happens we will begin to see bitcoin affecting the trade world especially as people begin to use bitcoin for all their transactions and governments are unable to stop it.
Marierobinson16
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July 30, 2018, 05:44:45 AM
 #97

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?

you mean, transaction between the two countries is the transaction between citizens and citizens or the exchange between the two countries has legalized electronic money. If are a citizen and citizen, then I think it is pretty much done like bitcoin.
macarong998
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July 30, 2018, 09:39:57 AM
 #98

Bitcoin is the world's first digital currency and one of the fastest growing currencies. With the imprint and the value it brings, Bitcoin will certainly have a major impact on the global economy. As for the problem between the two countries, I do not understand this.
bolsha
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July 30, 2018, 09:53:38 AM
 #99

In future this can make an impact especially for countries that are banning crypto. They will be affected negatively because of this.
sserge009
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July 31, 2018, 10:31:10 PM
 #100

Bitcoin influenced the entire world economy in general. This influence can be called ideological, because bitcoin has shown an alternative to traditional financial markets.
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