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Author Topic: bitcoin vs world economy  (Read 1058 times)
aryatrals
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August 29, 2018, 02:42:31 AM
 #241

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
cryptocurrency is only 1% of the world economy, but you have not yet realized that the very high leap experienced by cripto users, without us realizing the world is now changing the payment method that is still conventional and still fragmented between countries, but with crypto all boundaries between countries are no longer an obstacle,

once every currency has a different value depending on the strength of the country, it will not happen with bitcoin, the value of bitcoin is all the same everywhere, now there is no conventional currency that can do that. so in the future the world of commerce really needs such a medium of exchange.
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August 29, 2018, 08:46:58 AM
 #242

I think if the US bans crypto currency ( which i doubt they will ) then people will still trade crypto currency and cash them out outside of the US. World economy wise, crypto currency is an avenue for average joes to produce wealth. This wealth is pumped into the local economy boosting it even more. I think crypto currency will be big given time to grow.

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August 29, 2018, 08:56:10 AM
 #243

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

even today, it is not only america that is restricting it, almost major part of the world's country are not yet open into crypto and bitcoin specifically, and yet crypto world is blooming and gaining more popularity and patrons, even if america is an influencial country as far as economy is concern, still bitcoin has emerged from just being a digital currency to a common currency all over the globe, bitcoin has proven us all that it is ever growing and self-sustaining currency.

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August 29, 2018, 09:05:23 AM
 #244

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

even today, it is not only america that is restricting it, almost major part of the world's country are not yet open into crypto and bitcoin specifically, and yet crypto world is blooming and gaining more popularity and patrons, even if america is an influencial country as far as economy is concern, still bitcoin has emerged from just being a digital currency to a common currency all over the globe, bitcoin has proven us all that it is ever growing and self-sustaining currency.
Even in the way you said it, its other way around, bitcoin is the one that have influence on global economy. Bitcoin appeared only 10 years ago and already have so many supporters, even couple countries give it legislation. As crypto community grows, that crypto influence on global economy will rise, until crypto replace economy we know. That sounds like a big dream, but very possible dream, it may come true very soon.

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September 08, 2018, 02:30:32 AM
 #245

There will have huge investors to come into bitcoin. Maybe even the big businessmen in our time will enter to crypto. So that will means crypto and world economic will have a good future. There should have a perfect partnership of bitcoin with crypto.
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September 08, 2018, 03:13:42 AM
 #246

Bitcoin which is a virtual currency is an economic choice in investing.
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September 08, 2018, 03:15:59 AM
 #247

The world economy and Bitcoin are related, I'm not sure of that. How can I, I feel ineffective when there is an increase and decrease in prices and good and bad market conditions, will greatly affect economic stability. I think Bitcoin will still be a strong independent.

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September 08, 2018, 03:49:04 AM
 #248

bitcoin and the world economy for now bitcoin is still a matter of consideration for many countries because the current condition of bitcoin prices cannot be stable and cannot be used for all countries.

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September 08, 2018, 06:19:40 AM
 #249

Bitcoin already survive for 9 years after created. Most country in the world ban bitcoin and think bitcoin is used for illegal activity. I think if america ban bitcoin, it dont give big impact for bitcoin because many big country still accept bitcoin.


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people12345
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September 08, 2018, 07:35:39 AM
 #250

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 think it is enough to say that bitcoin can be self sustaining since cryptocurrencies were long lasting in terms in our industry. It is so much proven that bitcoin would be more long lasting in our economy. maybe some country would put restriction on using bitcoin because there are some instances that could affect economy that turns in bad. For US, i think bitcoin and world economy will be team up and resolve the main problem of the world economy. bitcoin will be the one who resolve the problem of whole world economy.
googs84
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September 08, 2018, 07:57:48 AM
 #251

What people don't/should understand is that BTC and other altcoins are part of the world economy. Can't be against sth you're part of.

This is one liner statement but it does have some sense in it. The guy ( I guess) is saying that crypto currencies are no different than the real world assets which contributes to the economy in similar manner as if it is currency, product, services or some commodity in the real world. I guess it in nothing but truth and we should not be comparing the BTC in negative way when it comes to the effects of crypto currency and economy of the world. Also note that BTC and altcoins do hold very tiny amount of economic factor so I barely doubt that it has got any effects on it if you ever wanted to compare it.  Wink

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Mamahmuda22
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September 08, 2018, 07:59:16 AM
 #252

Bitcoin already survive for 9 years after created. Most country in the world ban bitcoin and think bitcoin is used for illegal activity. I think if america ban bitcoin, it dont give big impact for bitcoin because many big country still accept bitcoin.

they, especially the SEC didn't even take a stand to ban it completely until now, they just warned against acting as real transactions, and ico's investments, I'm sure they also pay attention to every proposal put forward by ETF and many things about bitcoin, I think they also want to submit active regulations even if they don't understand how.
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September 12, 2018, 08:02:00 AM
 #253

It has sustained itself so well from last 9 years. Hackers, manipulators, regulators government and many more have tried to bring it down, but it has always proved its worth. And I don’t think economy has any affect on Bitcoin, neither Bitcoin’s adoption is strong or huge enough to affect the world economy. so go ahead don’t worry about such restrictions.
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September 14, 2018, 09:09:56 PM
 #254

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.
Yes I agree. Bitcoin become stronger. It can make  big changes to our global economy.  I think government should adjust in this circumstances.

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September 14, 2018, 09:24:18 PM
 #255

bitcoin is one of the means of payment that is the subject of conversation and debate in various countries, but, I think bitcoin will continue to penetrate things like that, bitcoin will remain strong, bitcoin will remain trusted by the community, and it is possible, in a few years In the future, government agencies will make regulations regarding this bitcoin.
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September 15, 2018, 01:01:44 AM
 #256

No one country can prohibit or ban bitcoin because bitcoin is decentralized cryptocurrency. There is no CEO or marketing and data transaction spread on the world in every miner computer. Bitcoin can help world economy by using it as global currency because it more safe and bitcoin have secure network.

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September 15, 2018, 01:08:03 AM
 #257

bad possibility that might happen, but it doesn't happen yet and only becomes your fear, before you decide to join cripto, one thing that you have to prepare is your mental maturity, how can you survive on crypto if you just enter you already feel fear, vigilance is allowed, but do not make us parno, how can we move if you just start to fear a lot
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