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Author Topic: Does Bitcoin affect world trade?  (Read 944 times)
paynercash
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August 26, 2018, 09:59:24 PM

I think the process will be more convenient maybe because we no longer need to use our money to transfer. And we can also exchange some bitcoins into money which is much easier for now.
Of course it affects the world economy. And what you're doing is part of that development. Convenient for transaction anywhere. What people want.

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August 26, 2018, 10:25:19 PM

Even now Bitcoin is affecting the economy. This effect is very small now, but when the price goes up we will see it grow. In the future we can see that it is used for trading among countries. In my opinion, this trade will not be with BTC or any other altcoins, the states will do it with their own digital money.

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August 26, 2018, 10:28:05 PM

Yes. The question is quite straightforward with market capitalisation of over 210 billion USD, definitely bitcoin is relevant to world trade. Alot of big companies are already accepting it as medium of payment, so yes, Bitcoin influences world trade.

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August 26, 2018, 10:52:46 PM

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 unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so I really think that we are not going to see such a thing in our lifetimes.

Their are some reason that bitcoin affects the world trade and others are not. We need to lend a hand to help each other so that it will be generating a good news at all. The currency asct as money or fiat though it could be as also way of transactions.

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August 26, 2018, 11:10:52 PM

This will depend upon the situation of trades ,it may sometimes affect ,and sometimes it will not , because trading will depends upon the time ,the amount of that transactions whenever, whereever the transactions will be done, because there are also reasons to come up with this situations , so this is business it will go up and goes downs it depends.
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August 27, 2018, 03:00:23 AM

In fact, there are not bitcoin trading between two countries yet, it simple because BTC is having different systems and the way work that current financial economic system.
at this moment the transaction/trade are conducted by cryptocurrency exchanges of different origin countries. the role is simple because of decentralized create policy are less-and practice. can be disrupted because of recorded to the immutable ledger and so on.
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August 27, 2018, 03:05:05 AM

I'd think it will affect the economy in such a way that it will generate wealth for people who invested in it and it will be able to pump it in their economy by exchanging it for goods and services. But once crypto currency is adopted as a currency it will stream line payments faster and easier across the world.

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August 27, 2018, 04:13:18 AM

Bitcoin is mostly now using for trade purpose and the users of bitcoin are increasing day by day and if now bitcoin is here it is the blockchain technology which is rapidly expanding crypto network and most of stock market investors are shifted into crypto market so that you will get in touch for bright future now the crypto is a good way to secure your money.

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August 27, 2018, 06:05:09 AM

Bitcoin is mostly now using for trade purpose and the users of bitcoin are increasing day by day and if now bitcoin is here it is the blockchain technology which is rapidly expanding crypto network and most of stock market investors are shifted into crypto market so that you will get in touch for bright future now the crypto is a good way to secure your money.
We can't still say that cryptocurrencies are the best way to secure your money because it is not yet proven and it is still in the young age or the testing age of the technology that cryptocurrency has right now and it is best to not go all in cryptocurrency and still be diversified to avoid regrets.

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August 27, 2018, 06:26:54 AM

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 will have a lot of influence. Actually, Bitcoin is a highly capitalized technology enterprise and it has a great influence on the economy of the world.
We can see the downturn has affected the economy of the world. capitalization has dropped by more than $ 500 billion and the world economy is falling. That is very easy to spot.

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August 27, 2018, 06:41:08 AM

Since I came into cryptocurrency business,I have taken a keen look at bitcoin and its relation with other altcoinstalk. I can say the price of bitcoin is directly proportional to that of alts hence they are greatly affected when bitcoin price goes low.

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August 27, 2018, 07:30:35 AM

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?

Yes. But I think it only affects a small part. Because I have not seen any bitcoin trading between the two countries, and I have not seen any information about it. Currently I have seen many companies accept Bitcoin in payment. I hope that in the near future this problem will be widespread in countries with each other.

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August 27, 2018, 07:43:28 AM

I suppose, Bitcoin does no longer affect international change because bitcoin is just a crypto foreign money. consequently, bitcoin only affect the crypto marketplace and it has no connection on world alternate marketplace.
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August 27, 2018, 07:55:00 AM

To me, i see a greater influence of bitcoin price on the trading market. Most people are used studying the price of bitcoin to correlate with the prices of coins they possess.

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August 27, 2018, 07:56:39 AM

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?

Yes. But I think it only affects a small part. Because I have not seen any bitcoin trading between the two countries, and I have not seen any information about it. Currently I have seen many companies accept Bitcoin in payment. I hope that in the near future this problem will be widespread in countries with each other.
As of now, it was impossible to happen since bitcoin is not legalized yet in the government. And of course, they are not allowed to have on this kind of currency that tradable in both countries, unless if bitcoin will having a regulation to government and probably it will happen soon.
Those companies using currently at this time by bitcoin their government was friendly and they are free to use bitcoin since there is no law implementation regarding bitcoin.

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August 27, 2018, 08:33:24 AM

I think bitcoin will make easier trading between countries, because payments will be faster and have a small fee. so, the transaction will be more efficient

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August 27, 2018, 09:13:19 AM

Crypto is most likely to affect world trade, moreover trade in investment. well, lately, so many big investors have turned to the development of cryptocurrency, so that the need makes a lot of crypto prices rise. therefore, so many media reports about cryptocurrency.

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August 27, 2018, 09:34:36 AM

depending on what type of trade, what trade is being do, if trading uses or involves cryptocurrency, maybe bitcoin will affect the world of trade, but if not. bitcoin will have no effect. but maybe in the future it will affect if there are already many who use bitcoin for trading transactions.

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August 27, 2018, 10:02:05 AM

I think Bitcoin in itself could be used by any person for international trade. But i haven't heard of a country that trade exclusively of Bitcoin, not to mention any crypto currency for that matter with other countries in bulk. But then again, we don't know what will happen in the future or in the very near future.

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August 27, 2018, 12:02:12 PM

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 bitcoin used by government for internation trade, i think its take a long way. Many government still ban bitcoin and many government dont have regulation about cryptocurrency. If government using bitcoin, i am believe bitcoin price will be very expensive

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