Pinoyfan
Member
 Offline
Activity: 308
Merit: 10
|
 |
May 22, 2018, 03:22:17 PM |
|
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 not actually enemy of economy infact bitcoin can lift the country's economy which who supported him. I know that we will go far away bitcoin will be the key to successions of every country that will supported him. You will understand it just read. |
|
|
|
|
|
|
|
|
|
|
|
In order to achieve higher forum ranks, you need both activity points and merit points.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
fiulpro
|
|
May 22, 2018, 03:23:03 PM |
|
First of all you should know that
Bitcoins can't ever be wiped out but their value can for sure decrease and force it to get undercover and operate through people away from the government eye's
Also US is not thinking about that right now also if they are going to put a ban on Bitcoins then they need to put ban on many other coins if they are thinking of tackling this billion dollar industry but you know what ? It's too big for it to be completely wiped out.. there will always be some somewhere who will be supporting it.
Also it's hard to tackle down this big industry and make it disappear suddenly , it will be more or so gradual so don't worry.
|
|
|
|
stely41
Newbie
Offline
Activity: 110
Merit: 0
|
|
May 22, 2018, 03:36:49 PM |
|
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 not actually enemy of economy infact bitcoin can lift the country's economy which who supported him. I know that we will go far away bitcoin will be the key to successions of every country that will supported him. You will understand it just read. With the emergence of Bitcoin and all the over 1,000 cryptocoins, financial transactions are being decentralized on a massive scale. These decentralized transactions have no recourse whatsoever to the US Dollar. This changes the dynamics of international trade, foreign relations, diplomacy, and the impact of economic sanctions. |
|
|
|
|
|
VitKoyn
|
|
May 22, 2018, 03:43:29 PM |
|
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?
If a country that contributes a lot in Bitcoin market will have a restriction, lets say it will ban banks from dealing with it, that will have a huge impact with the price of Bitcoin because people will not be able to use their bank accounts to buy and sell Bitcoin but this doesn't mean that Bitcoin will be over, you have to know that it is decentralized so even most countries will ban the use of Bitcoin, it will still exist but of course the price will drastically drop as demand decreases from countries that banned it. Anyways this is just an example and I think that this is very unlikely to happen in USA because they already made Bitcoin and other cryptocurrency a commodity. |
|
|
|
|
Tan_avia)vl.
Member
Offline
Activity: 210
Merit: 10
https://eloncity.io/
|
|
May 22, 2018, 04:43:55 PM |
|
Bitcoin decentralized, and the USA to visit the most economically developed country in the world. Yes, there are all the rich and the world's major exchanges, but now it is Asia at the forefront of the economy. Therefore, even ecли the US and ban, the main thing is that such countries as Japan develop cryptocurrency.
|
|
|
|
|
Dudeperfect
|
|
May 22, 2018, 05:35:27 PM |
|
Well, Bitcoin is just a vehicle and it depends on the users that will determine the future of it. I believe that Bitcoin/blockchain will definitely emerge as a solution for the time-consuming problems of the real world but let's admit the fact that there are some obstacles during the path of development and we should give some time for it to improve and sustain. It would be far early to measure success or failure at this stage.
|
|
|
|
|
jamesmitchel018
Newbie
Offline
Activity: 252
Merit: 0
|
|
May 22, 2018, 05:46:59 PM |
|
Us government is planning to look after bitcoin and impose tax on it. This can be a restriction for bitcoin. But, if we talk about imposing tax, it will be good in the long term. ???Because, there're a lot of people who hardly relies on crypto currency. So, imposing tax will give ooportunity for the investors to rely on it.
|
|
|
|
|
Rustamm
Member
Offline
Activity: 532
Merit: 18
Bitcoin lover!
|
|
May 22, 2018, 05:48:11 PM |
|
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
If the US decides to impose a restriction on the use of bitcoin, this, of course, will strongly affect it, especially for users in this country. However, it will be used even now under any circumstances. This is roughly the same as the US issued a decree banning the use of the Venezuelan digital coin El Petro. Who wanted to buy, he bought on other international exchanges. So it will be with the restriction against bitcoin. You can not prohibit already what exists on the Internet. |
|
|
|
|
nerlial
Member
Offline
Activity: 546
Merit: 10
|
|
May 22, 2018, 07:53:15 PM |
|
The government cannot prohibit people from using Bitcoin. If this were possible, they would have done it already. States need to compromise, and to put up with the cryptocurrency.
|
|
|
|
cryptohipo
Jr. Member
Offline
Activity: 322
Merit: 1
|
|
May 22, 2018, 10:47:30 PM |
|
Bitcoin is strong as hell, so no bans kan stop it buddy, US or any other country won't totally ban cryptos because after all they are no dumb people right. those countries who are banning in maybe confused about something, and has thwir own game in mind. other wise crypto currency is the future .
|
●●⚫ CRYPTONITY ▐| The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io |
|
|
Sum24
Member
Offline
Activity: 448
Merit: 10
|
|
May 23, 2018, 05:32:26 AM |
|
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 not actually enemy of economy infact bitcoin can lift the country's economy which who supported him. I know that we will go far away bitcoin will be the key to successions of every country that will supported him. You will understand it just read. Not enemy but it is the friend of our economy as it is making it better now and allot of people are getting online jobs with bitcoin which shows how bitcoin is reducing the number of unemployed people while on the other hand fast transaction is making companies to earn thousands of dollar profit everyday for using bitcoin money transaction which cost high tax for government so our economy is getting green with bitcoin help. |
|
|
|
|
|
Direwolve735
|
|
May 23, 2018, 07:20:04 AM |
|
I believe that bitcoin and the world economy are not in confrontation. On the contrary, the growth of crypto currency is useful to the world economy. The technology of blockchain and its aggressive popularization through rapid growth of prices for crypto-currencies can help the world financial system solve its main problem, which is the shortage of long-term financing, and ensure the subsequent global economic growth.
|
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
May 23, 2018, 07:56:14 AM |
|
The technology of blockchain and its aggressive popularization through rapid growth of prices for crypto-currencies can help the world financial system solve its main problem, which is the shortage of long-term financing, and ensure the subsequent global economic growth.
Nothing can help the financial system, it's doomed to fail with how it's set up. Bitcoin is no world-problem-solver. Bitcoin is just a layer on top of the current system, where everything below that layer is rotten to the core. People are supposed to hedge that rotten system by using Bitcoin, the government itself will just keep sinking down as hard as always, don't let them take you down with them. Their motto is debt = good; why do you think the majority of the people became way poorer throughout the years, and the rich became richer? You as debtor are filling their pockets. It's not just a way to control people, but also a way to conveniently make sure that capital from you keeps shifting towards the elite. Simple life lesson; if you can't pay for something yourself (ie, with your own money), then don't buy it. You'll thank yourself for that later on. |
|
|
|
|
|
boled
|
|
May 23, 2018, 08:01:25 AM |
|
Bitcoin is not a country's currency, and is not owned or aligned in only one country. there is nothing to worry about banning and restricting bitcoin in a country. there are two options for you, which can relieve your worries, bitcoin as crypto currency, or bitcoin as a tradable asset. both have a good profit output.
|
|
|
|
|
|
babaya
|
|
May 23, 2018, 08:14:44 AM |
|
Bitcoin is not a country's currency, and is not owned or aligned in only one country. there is nothing to worry about banning and restricting bitcoin in a country. there are two options for you, which can relieve your worries, bitcoin as crypto currency, or bitcoin as a tradable asset. both have a good profit output.
and most important thing is ,community come from much country not dominate by one country.so its decentralize concept keep working.if one country ban bitcoin , it still can run. |
|
|
|
|
|
Chrisjay29
|
|
May 23, 2018, 09:10:02 AM |
|
I think bitcoin vs economy is not good call... because bitcoin help economy to grow thats why its not proper say versus on them. They help each other
|
|
|
|
|
rahimali
Newbie
Offline
Activity: 252
Merit: 0
|
|
May 23, 2018, 09:21:58 AM |
|
Bitcoin is the best digital crypto currency in the world. Peoples are connecting with bitcoin and they are earning lots of profit from this. That's why i think it’s creating a positive impact on world economy.
|
|
|
|
|
|
supermine
|
|
May 23, 2018, 09:30:59 AM |
|
Bitcoin is the best digital crypto currency in the world. Peoples are connecting with bitcoin and they are earning lots of profit from this. That's why i think it’s creating a positive impact on world economy.
I don't think bitcoin plays a big part in the world economics growth because the market value of crypto currency is very small when compared to other investment like stocks.But it is helping many people to increase their wealth and there were lot of millionaires emerged in the recent years from crypto investment.But as per the OP he is asking the restrictions from the government affect the crypto price or not.It may affect the price but they don't have any control over the decentralized bitcoin. |
|
|
|
|
|
wantjokull
|
|
May 23, 2018, 09:42:57 AM |
|
I am not sure whats bothering people searching for different topics that are ebbing created here to help know answers to such type of questions. I have already analysed little bit about the Bitcoin Vs world economy stuff so that people will not bring up such topics again and again here. This is just too spammy as it gets bigger and bigger in the replies. If you guys really want to know how the economy and stuff works and how bitcoin may or may not be affecting it can be read at this link https://bitcointalk.org/index.php?topic=4129184.msg38154298#msg38154298 Go ahead and discuss something fruitful their.  |
|
|
|
|
voztata
|
|
May 26, 2018, 05:33:33 AM |
|
Us government is planning to look after bitcoin and impose tax on it. This can be a restriction for bitcoin. But, if we talk about imposing tax, it will be good in the long term. ???Because, there're a lot of people who hardly relies on crypto currency. So, imposing tax will give ooportunity for the investors to rely on it.
Bitcoin is an extraordinary technology set out to conquer and outshine the traditional systems that are still ruling the world and favor the elites. Bitcoin gives equal chance to every one in the market to earn equally and enjoy without having to worry too much. Economies on the other hand have been coming up with pathetic policies that has been taxing the poor and giving relaxation to the elite. This is a Pareto efficient concept. Bitcoin is a Pareto improvement. |
|
|
|
|
|
