bitcoin vs world economy

[Sanu Simon]

Bitcoin is purely independent and functional depending on the innovation. World economy depends on different factors that's not that easy to handle. The world economy can be improved when the administration functions corruption free focusing on fulfilling the needs of people. As it was unable to fulfill several requirements, bitcoin has come into existence to do the best.

[Lostchickens102]

I believe so. Bitcoin is privately run therefore it should stay resistant to restrictions. But as the case may be certain restrictions will create an impact on bitcoin transactions or volume of exchanges. It could lower potential investors just like what happen during a ban on cryptocurrencies where made in several countries early this year.  While it survived but strict regulations are creatingI believe so. Bitcoin is privately run therefore it should stay resistant to restrictions. But as the case may be certain restrictions will create an impact on bitcoin transactions or volume of exchanges. It could lower potential investors just like what happen during a ban on cryptocurrencies where made in several countries early this year.  While it survived but strict regulations are creating a panic.

[doraegun]

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

Economy in every country are continuously operated business as usual, Even U.S government totally ban of bitcoin it is still going to be normal situation because since bitcoin start no country affected and it will constantly going popular until now so I think bitcoin will sustained and become lively again soon.

[FlightyPouch]

of course the bitcoin remains strong that we use to gain much greater profits, because bitcoin itself is also very easy to use in everything, especially investments and easy transactions get a lot of benefits.

Not all the time though. We all know that crypto currencies especially Bitcoin are very volatile and we do not know what it may give us loss or profit but all we know is that if we can move our money in good positions, we can gain good profits though that needs a lot of skills and knowledge since keeping up with a volatile market is very hard.

[iMark]

Bitcoin is purely independent and functional depending on the innovation. World economy depends on different factors that's not that easy to handle. The world economy can be improved when the administration functions corruption free focusing on fulfilling the needs of people. As it was unable to fulfill several requirements, bitcoin has come into existence to do the best.

You right, world economy is too complex and complicated to explain because there are many indicators and many things that affect it, while bitcoin I think is a new innovative financial system using a blockchain system so bitcoin can stand alone without any intervention and control of anyone, thats what makes bitcoin unique

[lelangsabun]

well i guess bitcoin can make the change system economic in this world, because of it independence and if saying it strong enough, i guess bitcoin still having lack of support power by the most people in this earth

[indrakusumaindra]

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

No i do think if US go out from bitcoin i believe there will be big impact happening to bitcoin price. If we need bitcoin value to increasing we do need more demands on it, approximately its only less than 1 % people who investing in cryptocurrency, so i do think this number are very small right now and there is still a chance for it to grow.

[KorakPawon]

although Bitcoin is growing rapidly but the world economy is not only situated on this only rather  it will take time for Bitcoin to share position in world economy with other economical drivers.

different but will be related if bitcoin will later take over the world we take for example on a small scale there is a small country whose economy is under abruptly they legalize bitcoin to be a legitimate transaction tool in that country and the result of their economy increases because the value follows the value of bitcoin which is high at the time.

[Sadlife]

It's doesn't matter if they regulate bitcoin because they can only tax from transaction fees anyways, If you decide to convert your money to USD. They have no way of tracking it's users because bitcoin has a feature called anonymity. And if US decides to ban bitcoin and exchanges from their country, there are a lots of country to trade on that doesn't put any restrictions because bitcoin is decentralized.

[mrcash02]

Bitcoin is purely independent and functional depending on the innovation. World economy depends on different factors that's not that easy to handle. The world economy can be improved when the administration functions corruption free focusing on fulfilling the needs of people. As it was unable to fulfill several requirements, bitcoin has come into existence to do the best.

You right, world economy is too complex and complicated to explain because there are many indicators and many things that affect it, while bitcoin I think is a new innovative financial system using a blockchain system so bitcoin can stand alone without any intervention and control of anyone, thats what makes bitcoin unique

However if countries like USA put restrictions on it, BTC's price will be affected, as the investors will be affected. The currency won't fall completely, but it would suffer a bit or a lot depending the country in question. It always happen when a country put severe restrictions or when they ban Bitcoin.
World's economies and governments actions can influence Bitcoin's price a lot!

[longskie0327]

Bitcoin is solely singled system that operates on its own regardless of world economy but bitcoin then can become part of the world economy if they have been incorporate within their system and have bee fully accepted by each and every country thus so it became world currency and can do much to a world economy as a whole.

[stayeduptolate]

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

Yes I strongly thinks that bitcoin is very sustainable and versatile crypto currency and being decentralised currency, no country can ban it globally, they can only stop the person from using crypto currencies in their nation but you can simply use international exchanges for transacting your bitcoin and moreover the time is also very good because this is the time when the valuation is also very low and there are predictions even that it is going to hike in the coming months of this year.

[FalconB]

While bitcoin will at least be allowed somewhere, it will cost money. I do not think that even a ban worldwide will be able to kill a crypto currency, this is an excellent technology behind which the future

[aqrulesms]

The ban in one country bitcoin does not affect it in any way. After all, it does not depend on geolocation. Bitcoin will be affected only by a worldwide ban on cryptocurrency. And this is very unlikely. After all, many countries already recognize Bitcoin

[Panunggalan]

until whenever I will support bitcoin as an economy, because bitcoin is official, until whenever I will support bitcoin, I will invite people to work in bitcoin, I like bitcoin

[Tungsten-1]

until whenever I will support bitcoin as an economy, because bitcoin is official, until whenever I will support bitcoin, I will invite people to work in bitcoin, I like bitcoin

This is nice and positive thinking that we all need to have, I agree with you if 100% of people will start using bitcoin and government will allow them to use so i am sure bitcoin will get too high all over the world as best investment and the currency of the age, now in a lot of places where bitcoin was even un know now bitcoin is being use officially so it is the great progress of bitcoin in our society, and our entire economy is being effect by it positively.

[anntlevel]

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 don’t really know for sure, but I do have the feeling that the reason why most countries never banned bitcoin is because the US didn’t do that. So it’s quite possible that if the US decides to ban cryptocurrencies, it will probably lead to the fall of cryptocurrency  unless maybe China reverse their ban on cryptocurrencies and ICOs and start pushing money into it,  followed Russia , Japan and other countries.

[Budugbass]

Still, I think... that of its advantages side will bring it to its good future and will last forever, it will still get a lot of support till can survive with all its characteristics and its technology. Well, I think it's worth, keeping to help everyone in financial/job matters and many other things that look like the future things.

[nabinkhadka]

At the moment there is no such scenario as bitcoin vs world economy. BTC market cap is just too negligible compared to world economy. it would take few decades for us to produce something like google . amazon apple etc out of cryptocurrency or may be never. so BTC vs Economy is just irrelevant.   

[danyakotletkin2018]

Bitcoin can remain the only crypto currency, but at the expense of all the others I doubt.