Does Bitcoin affect world trade?

[kzozenberg]

Bitcoin does not affect world trade as it occupies a small percentage of the world economy, but it is not for long ))

[Xuaquing141]

Of course, Bitcoin is the input of most trading pairs on all exchanges, which dominates most of the remaining altcoins, including ETH. Bitcoin prices have a big impact on the price of altcoin. In addition, ICO projects have bitcoin inputs to purchase project tokens, so the impact of bitcoin on the altcoin value will be extended.

[BabyBoss]

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 believe in that because Bitcoin is the king of crypto for example in the kingdom if the king doing good well his people will doing good too but if the king will doing bad or not well ofcourse people will affected according to what the king doing. So, I believe that where bitcoin is, the other coins will be there also.

[blockchain09]

no and hardly will bitcoin be the legal currency for 2 countries to trade, the transactions can not be tracked so there's no proof to tell if a country use their money in what activities.

[ucingucingan]

of course, now bitcoin also has an influence on world trade, why is this because investors in bitcoin already have very large amounts as well as investors in gold, silver, oil and other precious metals

[rccirfan]

Bitcoin can be purchased as a basic money exchange and then used as currency. Every time money is exchanged through Bitcoin or a similar cryptocurrency, that transaction is recorded in a detailed public ledger. The ledger forms a long chain of verified transactions in chronological ordered. These ledgers are referred to as blockchains, and the blockchains are a big part of what excites people about the possibilities opened up by cryptocurrencies.

[womissu]

I guess it is affecting the trade that can't stand under the sun. But for normal legal transactions, I don't think Bitcoin has such a big influence now. Anyway, BTC is still in the early stages of development, and may be qualified to compare with the world's mainstream trade in the future.

[Nissan-GTR]

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 does, Bitcoin makes everything possible and its existence makes the process take lesser times for it to be successfully done, Bitcoin helps trading and market become effecient and it maximize the resources that we can obtain through Bitcoin it is very unique type of process since the allotted time for it to be done is being lessen. It shorten the distance and the boundary between main source and people were shortened.

[pankowri]

Cryptocurrency is taking it's strong position in world economy. Bitcoin is the first and biggest currency in the world.That's why btc already taken a lot of portion of economy.In this way btc affect world trade.

[iv4n]

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 does, Bitcoin makes everything possible and its existence makes the process take lesser times for it to be successfully done, Bitcoin helps trading and market become effecient and it maximize the resources that we can obtain through Bitcoin it is very unique type of process since the allotted time for it to be done is being lessen. It shorten the distance and the boundary between main source and people were shortened.

When Wall Street talks about bitcoin be sure that bitcoin affects global trading in some ways. Maybe it`s not big, but it`s something and for sure we can say that bitcoin affect global economy more and more. Some countries already adopted bitcoin in some ways, I didn`t heard about transactions in bitcoin between two countries yet but that will happen soon and it will be in all news. When we know that bitcoin helps economy to be more efficient, it`s just about when will all countries recognize that and start to use it, like Japan did. But when we talk about bitcoin in this way, be sure that other alts will have important role in global economy too. Every alt have something to offer, but bitcoin as first will break the ice, like it`s doing all the time and make path for all others.

[bohr]

There are two different school of thoughts over this topic. One, we people aren’t accepting change and we don’t let system changed. The other one is, time will take all the odds and thrown them out from history. So if we just talk over second one, I think we might be seeing a full felled bitcoin world that wouldn’t be involved in dealing of any sort of fiat. Just wait and watch.

The first scenario that you are proposing cannot happen because we are already using bitcoin, so we know at least some people will accept it, the second scenario you are describing will probably not happen either since governments are not going to accept cryptocurrencies while at the same time they stop printing fiat, what we are going to see is what we have right now, a world with fiat and crypto with the difference crypto will become bigger.

[phpartisanmaster]

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 does, Bitcoin makes everything possible and its existence makes the process take lesser times for it to be successfully done, Bitcoin helps trading and market become effecient and it maximize the resources that we can obtain through Bitcoin it is very unique type of process since the allotted time for it to be done is being lessen. It shorten the distance and the boundary between main source and people were shortened.

Yes you are right, with the existence of cryptocurrency, some of the people will prefer to use bitcoins rather than investing their money on an asset which will decrease the volume of stock markets.

[Holucoin10]

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?

Come to think of this, Bitcoin is mined through a complex software and hardware infrastructure system. And just like any other traditional method of mining, manufacturing bitcoin also impact the environment in not so subtle ways. The servers used for mining consume a great deal of energy. We can only imagine how much is being spent on running countless servers around the world. In response, environmental legislation will have to be introduced to address energy consumption related to bitcoin mining.

[Holucoin10]

Also, Being an unregulated currency that is based solely on data, bitcoin enables unbridled access to a secure credit system. It will continue to bridge people who are isolated with global merchants. This will certainly open up new markets and opportunities that will further influence economic growth. In addition to that, bitcoin does not have to require exorbitant transaction fees and withholding taxes, which is what makes it so attractive in the first place.

[jak3]

Of course, Bitcoin has indirectly affected the world trade many times. But it is only because Bitcoin is being faded with other services and stuff. So kind of their value drops or gets increased. Bitcoin is affecting governments all over the world now let's see what will happen next.

[DAVETUN]

Bitcoin is first fiat/paper money converted to purshase BTC therefore as investors come into the space, cash is being withdraw in the real world and it is sure having an impact on the on the world global economy, But it is sure an advantage to the investors.

[Sled]

I don't think that bitcoin affect the world trade because bitcoin has its own exchange and it is not that adapted in the whole world to affect the world trade, bitcoin doesn't affect anything and only the people who invested or putted their money in bitcoin to invest and to trade it but talking about affecting, it doesn't affect any.

[G2z_Riya]

To me bitcoin is away from the world trade, maybe a very small level of dependence might be felt upon world trade which is not confirmed. As we haven't got the access similar to that of the fiat used around there is possibility for the dependence of bitcoin on world market until this scenario changes.

[bohr]

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?

Come to think of this, Bitcoin is mined through a complex software and hardware infrastructure system. And just like any other traditional method of mining, manufacturing bitcoin also impact the environment in not so subtle ways. The servers used for mining consume a great deal of energy. We can only imagine how much is being spent on running countless servers around the world. In response, environmental legislation will have to be introduced to address energy consumption related to bitcoin mining.

The consumption of energy of bitcoin is exaggerated, it is true the consumption levels are high, no one is going to deny that but banks are trying to exaggerate this so people are afraid of adopting bitcoin or to try to create animosity between bitcoin and environmentalist, but make no mistake, this is an attempt by banks and governments to attack cryptocurrencies and to try to slow adoption until they figure out what to do to stop its adoption completely.

[Watukali]

it certainly affects world trade even the economy is also affected by bitcoin