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Author Topic: Does Bitcoin affect world trade?  (Read 912 times)
Ozero
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September 07, 2018, 04:52:54 AM
 #221

States are unlikely to use the decentralized Crypto currency in their trade because of its high volatility. For them, the importance of speed of transactions does not matter. Therefore, bitcoin will be used more by citizens than by states and its bodies. Therefore, big importance on the world trade bitcoin does not yet have.

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September 07, 2018, 05:18:03 AM
 #222

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?
Trading between two countries might not exist most especially if we are talking about Bitcoin in an international trade, why? It is because Bitcoin trading is not just happening in one or two countries, it is traded a thousand times a day all over the world. If you are talking about Bitcoin trading through financial and economic ties I don't think so as we all know that transactions are anonymous it is also unstable asset. If we say peer to peer transactions then yes we all heard that almost everyday.

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September 07, 2018, 05:56:53 AM
 #223

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?
Trading between two countries might not exist most especially if we are talking about Bitcoin in an international trade, why? It is because Bitcoin trading is not just happening in one or two countries, it is traded a thousand times a day all over the world. If you are talking about Bitcoin trading through financial and economic ties I don't think so as we all know that transactions are anonymous it is also unstable asset. If we say peer to peer transactions then yes we all heard that almost everyday.
well, I think bitcoin has changed the world of commerce a lot. the ICO project that is so much at this time is proof that bitcoin has changed the world of commerce a lot, even large organizations have been paying attention to this development.

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Eijrafarm
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September 07, 2018, 06:18:27 AM
 #224

Bitcoin already have a huge market cap. This market cap if added to the national trade then it is already a huge amount which could affect the money movement all over the world.
ngacengan
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September 07, 2018, 06:45:03 AM
 #225

I don't think bitcoin can directly influence the condition of the world economy because at this time cryptocurrency like bitcoin cannot defeat the global circulation of dollars so bitcoin has not been able to do that.

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September 07, 2018, 07:04:30 AM
 #226

Maybe it doesn't have any effect now but I believe it'll have some effect in the near future when Bitcoin gets enough support from the superpower governments.

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September 07, 2018, 07:17:16 AM
 #227

For now it does not really happen because any government countries are not promoting cryptocurrency and the trading on it so for now it might be a good suggestions to us for each country because it would be a way to each country and affect to the world trade.

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September 07, 2018, 08:40:55 AM
 #228

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 Bitcoin did not affect to the world trade market price all of the changes of numbers is because of inflation and deflation of real goods and any other products from importation and exportation, bitcoin is classified as direct decentralized digital peer to peer transaction business its so difference to real business.
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September 07, 2018, 04:52:37 PM
 #229

I don't think bitcoin can directly influence the condition of the world economy because at this time cryptocurrency like bitcoin cannot defeat the global circulation of dollars so bitcoin has not been able to do that.
I totally agree with you. At this point, e-money does not have the capacity to determine the overall economy. Because the leaders have won and gone. And leave the remnants of what remains.

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September 07, 2018, 06:45:44 PM
 #230

btc is not strong enough to affect the markets of major countries. but btc can be affected by these countries. these are different things.
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September 07, 2018, 08:26:45 PM
 #231

Bitcoin already have a huge market cap. This market cap if added to the national trade then it is already a huge amount which could affect the money movement all over the world.

In my own opinion, Yes it can affect the world trade because some of the investors that has assets are selling their investments in order to switch into cryptocurrency.

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September 08, 2018, 10:33:07 AM
 #232

Bitcoin is the enter of maximum trading pairs on all exchanges, which dominates most of the final altcoins, which include ETH. Bitcoin charges have a huge effect at the charge of altcoin. further, ICO projects have bitcoin inputs to purchase task tokens, so the effect of bitcoin on the altcoin price could be extended.
manismanja
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September 08, 2018, 10:42:40 AM
 #233

maybe bitcoin in the next few years can have a definite influence on world exchanges but that requires the acquisition of all countries against bitcoin.

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September 08, 2018, 10:44:34 AM
 #234

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?
Some country already started trade by bitcoin. Many company also accept bitcoin for their payment system. Now fifty above countries use bitcoin and this number are increasing day by day. Hope that very soon will start international business by bitcoin, and bitcoin will be good rule for international trade.
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September 08, 2018, 11:48:45 AM
 #235

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 bitcoin really affect the altcoins.
And i think stock exchange doesn't  affect much .
We really don't know the flow of the market for now because all of them re falling

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September 10, 2018, 03:12:51 PM
 #236

while the turnover of cryptocurrencies is not so big, in order to influence the overall economy

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September 11, 2018, 09:41:17 AM
 #237

I have not heard of such operations yet, but I think it's possible.
Almost all the real investors’ demand for the Bitcoin and few others best recommended cryptocurrencies for they get better profit from the crypto world.

After the announcement of Bitcoin as investment source in the world or you can say after the modernism of currency people started to proceed for Bitcoin and then other crypto coins. This reduced the traditional trade but not too much as almost all the investors have investments in both traditional world and modern world.

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September 12, 2018, 05:25:11 PM
 #238

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 bitcoin really affect the altcoins.
And i think stock exchange doesn't  affect much .
We really don't know the flow of the market for now because all of them re falling


Of course at this point, not yet. The community is probably not big enough to affect anything at a world stage. Even the december run last year probably only took people's attention towards bitcoin but didn't affect anything in a national level.

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September 12, 2018, 06:46:36 PM
 #239

Of course, crypto-currencies have a great influence on the world economy, questioning the fundamentals of traditional currencies and the existing financial system.

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September 12, 2018, 07:55:27 PM
 #240

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.

I think investors in bitcoin are probably the same investors who work in world trade and instead of buying in trading they might spend money on bitcoin instead.
I am not a professional trader or economist but I like this topic. Allow me to share my opinion about this. I stand up, I think it will affect world trade. Because we deal with money.
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