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Author Topic: Bitcoin can change economic?  (Read 858 times)
Anamika143
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May 20, 2018, 06:38:35 PM
 #1

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?
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May 20, 2018, 06:59:58 PM
 #2

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?

I don't think bitcoin made any significant changes in the countries economic state yet,but it is really helping some of the people from developing countries to increase their economy level by investing on ICOs and crypto currencies.But if bitcoin will be adopted my more people of any country without proper regulation then it may leads to economical crisis.

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May 20, 2018, 07:05:36 PM
 #3

Banks will have to offer lower transfer fees and tighter minting/lending regulations to compete.
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May 20, 2018, 07:07:05 PM
 #4

Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intention to regulate Bitcoin. Many governments may not like the idea of not being able to track identities related to the transactions, there are already apprehensions about use of Bitcoin by drug cartels or the incidents like wannacry ransoms. So there are many reasons for government to resist the use of Bitcoin than adopt it.
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May 20, 2018, 07:08:20 PM
 #5

It's important to understand that Bitcoin isn't a miraculous tool solving all people's problems. If you properly utilize Bitcoin in your advantage, and then mainly in the way the regular economy doesn't allow you to progress further, then it can be a great help. If you just expect Bitcoin to make you rich or whatever, and that without doing anything, you are wrong. It all depends on yourself in the end, and it's only you that can force through the necessary changes. Bitcoin is nothing more than a tool helping you achieve your (realistic) targets -- no input from your side means Bitcoin won't do anything for you. Pretty simple logic.
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May 20, 2018, 07:08:40 PM
 #6

I agree with you  , the bitcoin help some people and it  change thier life
but also more people in the world donot knowing any thing about bitcoin
i asked more of people and they say to me that dont know what is the bitcoin
so i think bitcoin cannot change the people's life at the moment
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May 20, 2018, 08:28:33 PM
 #7

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?

Bitcoin is already bringing some changes to the way things used to work, for example services like Western Union can no longer compete with bitcoin, the only reason Western Union still exist is because you cannot use your bitcoin directly to buy whatever you want, but once that changes I'm pretty sure that the Western union business will drop like a rock, I also think that bitcoin will have the effect that banks will have to become a lot more efficient and they will have to drop their fees if they want to compete with bitcoin and this is a good thing.
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May 20, 2018, 08:45:41 PM
 #8

The possibility that it can happen, but still we have to see from two sides. Changes in the economy of a country due to the use of BTC there must be a positive side and the negative side. It is true in terms of security BTC is guaranteed, not inflation to be used as an investment. The question is what each circle can accept economic change because of BTC? Huh
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May 20, 2018, 08:51:50 PM
 #9

I agree with you  , the bitcoin help some people and it  change thier life
but also more people in the world
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May 20, 2018, 09:00:13 PM
 #10

Right now the user community around the globe is very small compared to the entire sum of fiat being used all around. The contribution of bitcoin to the world economy is small and this needs to grow high in value with more and more adoption taking place with time. In terms of individual growth it is possible and in terms of growth in a country a small inflow of fiat happens through bitcoin.



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Kikir leutik
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May 20, 2018, 09:18:24 PM
 #11

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?

with bitcoin prices skyrocketing many people love and invest in bitcoin.
this is what changed the economy especially the people who participated for the investment.
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May 20, 2018, 09:34:49 PM
 #12

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?


It is changing lives in venezuela. It is a country where you earn 3 dollars per month, and mining with just one graphic card is bringing you around 20 dollars per month, so people in venezuela started to mine. It is changing their lives
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May 20, 2018, 10:18:50 PM
 #13

Seeing the development of developed countries, supported by the remarkable advances of science and technology. Anything since the presence of Bitcoin as a digital currency. It seems that more and more developed countries are legalizing Bitcoin as a means of payment. Like Japan.
Is it possible if later in another country Bitcoin in Legalkan could have an impact on the economy better?
all back on our own
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May 20, 2018, 10:29:10 PM
 #14

We have seen Bitcoin and people's economic changes in the country. Do you know how Bitcoin is changing the economy? Do people believe that economic changes are possible by Bitcoin? And what will be the impact of Bitcoin economics in the future?

Bitcoin does not change our economy, it is improving our economy. If we are all satisfied with our lifestyle by the influence of bitcoin then we are all improving. Bitcoin is not an economic model, it is a digital currency where everyone can use and everyone can earn. Because of bitcoin, each of us got foods to eat and got luxurious materials we want to have. Bitcoin is helpful in our economy, it makes people to live each day.
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May 20, 2018, 11:14:37 PM
 #15

Bitcoin has helped  many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.But bitcoin would not be able to change the world economy.

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May 20, 2018, 11:40:58 PM
 #16

Banks will have to offer lower transfer fees and tighter minting/lending regulations to compete.

Not just about the fees, banks should improve their system and make transactions faster than before.
Well, they cannot stop cryptocurrency, and I think bitcoin can really change the economic of one country only if they fully accepted the system.

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May 20, 2018, 11:45:26 PM
 #17

Banks will have to offer lower transfer fees and tighter minting/lending regulations to compete.

Not just about the fees, banks should improve their system and make transactions faster than before.
Well, they cannot stop cryptocurrency, and I think bitcoin can really change the economic of one country only if they fully accepted the system.
Right.Bitcoin will be a significant factor to improve one's economic or even the country's economic because it will be a great help for the people to earn a decent income to be able to sustain their daily needs in life.If bitcoin will be fully adopted,most of the people will already have a good opportunity to make their lives better to live.

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May 20, 2018, 11:54:06 PM
 #18

Bitcoin has helped  many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.But bitcoin would not be able to change the world economy.
I agree.It will be a great advantage for the people to have bitcoin in their lives because it can be a primary source of income if they can use it in a right way.So it will help improve their own economic status that will lead in the coming future improving the world's economic too if all people will embrace bitcoin.

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May 21, 2018, 12:12:23 AM
 #19

I don't think it can change the whole economy rather it can help to other people to change their living base on finacial problem.
Maybe btc is one instrument to change the economy but btc is not the main factor.
Ibrahim 2020
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May 21, 2018, 12:19:27 AM
 #20

Different countries have different opinions on this, some countries have declared it illegal, and many countries have no policy or intention to regulate Bitcoin. Many governments may not like the idea of not being able to track identities related to the transactions, there are already apprehensions about use of Bitcoin by drug cartels or the incidents like wannacry ransoms. So there are many reasons for government to resist the use of Bitcoin than adopt it.
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