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Author Topic: bitcoin vs world economy  (Read 1395 times)
TomFord593
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May 20, 2018, 02:00:12 PM
 #1

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help
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May 21, 2018, 11:18:40 PM
 #2

at the time of the G20 conference, a number of countries proposed to discuss cryptocurrency,
then, when the discussion begins, it turns out cryptocurrency is not so strong in the eyes of the world,
crypto market is only 1% of the total world economy

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May 21, 2018, 11:41:16 PM
 #3

bitcoin vs world economy is a difference function all together, bitcoin is simply known as crypto currency that is well design, as an asset as the way it be, bitcoin has come to assist world economy on the ecosystem
 

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May 21, 2018, 11:50:50 PM
 #4

Bitcoin is evolving, and as popular as it seems, we are still at the early adoption stages. It will certainly revolutionalize the world's economy by changing the  game for the government and people of the world.

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May 21, 2018, 11:53:01 PM
 #5

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?
This happened many times so your example has been fulfilled already. There are cases that if a country isn't too powerful and not influential then bitcoin mostly won't get affected. But if a country has a tiger economy, it will have an effect.
do you think Bitcoin is strong enough at this point to be self-sustaining?
Yes it is, bitcoin has been down and up many times so it can sustain itself even without these countries who bans it but countries who adopts it is a good help.



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May 21, 2018, 11:53:32 PM
 #6

Bitcoin is a function of digital money, that is control by blockchain technology community, and have nothing to do with a country economy, rather many people in the world are looking upto bitcoin, because it attract so many people, with out disappointment. Bitcoin is real


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May 22, 2018, 12:35:56 AM
 #7

Bitcoin will always be strong to be independent, with the development of digital technology that can change the online habits of humans can provide many future opportunities for bitcoin, because I believe that bitcoin will be the currency of the future.
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May 22, 2018, 01:16:10 AM
 #8

Bitcoin and the world economy are very different where bitcoin is the digital currency, while the world economy also affects bitcoin because both have a good dependence on Bitcoin and the economy

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May 22, 2018, 01:29:38 AM
 #9

There appears to be a very weak correlation between the S&P500 and the price of Bitcoin and other cryptos. Cryptos have a higher correlation with generally high volatility in the equities market than with poor performance.
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May 22, 2018, 03:02:25 AM
 #10

There appears to be a very weak correlation between the S&P500 and the price of Bitcoin and other cryptos. Cryptos have a higher correlation with generally high volatility in the equities market than with poor performance.

Then what are these high equities market that BTC has a higher correlation with? Do you mean the stock markets of developing nations? They are "in general" higher in volatility.


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May 22, 2018, 04:04:30 AM
 #11

Don't bother caring about US regulations. I mean most top exchanges are Chinese and some are in japan. Some countries also like how the blockchain technology helped them. It's just that a portion of a country never understood the convenience it brings and talk all about how it is a bubble and all the bashes they could think. Buy your bitcoin now if you feel you have to, try a little bits and maybe later on you could earn experience in this community and be master of it.

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May 22, 2018, 04:20:09 AM
 #12

I do not think world economy and bitcoin are very connected. At least it is not effective in decline and rise. Bitcoin purchases may have an effect on the rise in that country, but I do not think it will lead to bitcoin if the market is in bad condition or in good condition.

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May 22, 2018, 04:40:12 AM
 #13

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help

I will be honest, Crypto currency is still an speculative investment. No one for sure knows the future of crypto currency. So if you are asking about chance of course there are still a risk on this investment. But every investment has a risk. If you are worried about taking risks perhaps it is better to study/research more regarding block chain and Bitcoin. After that decide for your self if this technology will be the future.

For the self sustaining Bitcoin, I do believe yes regardless of the price Bitcoin can self sustain.

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May 22, 2018, 05:12:02 AM
 #14

bitcoin is just no more than 1% of the world economy, you do not have to worry about that problem because the G20 meeting yesterday generated positive news for cryptocurrency

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May 22, 2018, 05:32:21 AM
 #15

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help
I'm not sure bitcoin can be independent for now, because some government regulation will definitely affect the bitcoin itself, bitcoin users in this case as people in a country also can not violate the regulation, back to the G20 meeting when the bitcoin starts tending to decline because one of the topics to be discussed is the bitcoin that affects the economy.


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May 22, 2018, 05:45:48 AM
 #16

The world economy is developing nowadays. Bitcoin is the one of the most famous crypto currency off all time so this coin is leading the crypto market and in economic world there is an impact of btc based on this many countries accepting this coin and they can even pay tax and trade limitless trading format and this helps the economic development.
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May 22, 2018, 05:51:14 AM
 #17

The economic crisis is not caused by bitcoin, but by the existing economic system. Bitcoin is only a stable and unfalsifiable account, and the final problem is the economy itself.
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May 22, 2018, 05:56:56 AM
 #18

I don’t think bitcoin is strong enough to be self sustained like someone mention it makes him only 1% of the economy. So maybe in the future yes, but it still has a long way to go
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May 22, 2018, 06:07:22 AM
 #19

Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help
Bitcoin is an decentralized technology so no one can restrict it but governments can impose regulation on the usage of bitcoin but they can't control the bitcoin.Yes bitcoin will overcome these situations and will get more adoption from people in the coming years so keep supporting bitcoin if you want a decentralized money system in future.

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May 22, 2018, 06:50:48 AM
 #20

We keep saying bitcoin versus because we found in media how the government around the globe are against bitcoin, from that fact we believe that bitcoin is in danger or inapropriate in our modern state governmental, but i think it should not be that way, bitcoin is should be a part of economy golabally or locally, the fact that many government againts it, it should be their problem and concern not bitcoin or crypos, bitcoin is being created, it can't be uncreated, it is there and availabe and it is up to us on how to use and manage it.
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