Bitcoin and Economy

[Rastafarian]

When we consider the growth and development of certain countries. Most countries become fully developed from the taxes they take from the citizens. These taxes are paid to the government to undertake certain developmental projects in the country. Revenue from different sources of the country’s natural resources are redirected to undertake perculiar projects for the country. Imagine if about 70% of the country’s population is into cryptocurrency and taxes are being deducted from transaction they make, there will be enough revenue generated for the government to take up some projects.

[Evil eye]

You have presented a reasonable matter. Income from that country is earned from the taxes of the people of any country. But 80% of the people in the country who use the crypta currency will be able to earn. I think it will be dangerous for any country in the future. So in the future there is no problem that he should start a system of good. Because the use of crypto throughout the day is increasing.

[Suhas4dreams]

The Until now, the surge in cryptocurrency markets has been a sideshow to the financial markets or the real economy. Prices have gone up a lot for bitcoin and other cryptocurrencies, andit's fun to joke about things with names like Cardano and Monero going up a lot in value, but if it were to all go up in smoke tomorrow, it shouldn't have any meaningful impact on ordinary people.
But... companies with publicly traded stocks are starting to make decisions to show that they stand to benefit from cryptocurrencies, and markets are beginning to reward them in a big way for those decisions. Should this continue, people not involved in cryptocurrencies will suffer when there's a crypto bust. And there will be a crypto bust..

[Fretcy]

Bitcoin helps in improving the economic conditions of the world, good economic experts , investors and great financial analysts are expecting for the bitcoins to bring a tremendous change in the global economic conditions and will last forever for the better. Bitcoin will shape the future of financial and economic markets  as a good investment commodity. Bitcoin has the capability to alter the traditional monetary system and this bitcoins provide opportunities for the users as a digital currency and as a investment asset which helps to earn good profits in the long run as the price of bitcoins increasing.

[aleenoe335]

The economy of Bitcoin is still small compared to long established economies and software is still in beta development stage. But goods and services, such as used cars and freelance software development contracts, are now tradable. Bitcoin - bitcoin is acceptable for both things, both virtual service and real goods

[qiqide]

The rate of such a crypto currency as bitcoin grows with a high demand for any crypto currency. If there are players on the market who are ready to buy this currency, the rate will constantly increase.

[batang_bitcoin]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Getting to the situation for example.

If 80% are into crypto and aren't willing to pay taxes, the government will do something to force these people to pay taxes or else they'll ban it. That can be a warning just to give teeth to the law.
But the government isn't depending to taxes only.

That's true, government can always make ways to collect taxes. Cryptos profit are taxable in U.S and people are really need to pay for the income tax. If we don't want to experience banning of bitcoin, I think its better to pay the taxes so the government can still make projects. Some country depends only on their taxes so I think its really important to follow the rules of the government.

That's why there are some countries that are worried when crypto's came in to them, their citizens will think of evading to pay taxes.

Following the rules of government is very important and we can see on how bitcoin can help a countries economy. But there are people who'll say that it's not how bitcoin goes, it's decentralized and no need to follow rules of the government, they'll stand that way but it's better to obey the rules.

[BulbaLord]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Well in my own opinion we all know paying of taxes is a big help to boost  our economy.  And paying taxes is require in our country. And everyone knows. Bitcoin helps in improving the economic conditions of the world.

[Ikbal Naiem]

Bitcoin and economy are the two most important part for a government. Government need abundant money for his kingdom.On the other hand bitcoin influence the economy.  I hope  in the nearest  future when government allow bitcoin as a legal coin then they will make a process that bitcoin directly contribution  the country's  economy.

[putrisa]

it seems that bitcoin and the economy become one of the influences in the future world because I believe in the future paper currency will not be used anymore and definitely the bitcoin development will be more widespread and eventually bitcoin can be used for anything you want.

[weblouartisan]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Obviously banks will be really scared on bitcoins since most of the people are preferring to invest on cryptocurrency more than placing their money on banks because bitcoins is very profitable today and the outcome will be less funds for the government.

[marlo1001]

I suppose that Bitcoin and in general terms Crypto Currencies usage in boundaries of economic regulations can be highly positive affect in area

[Blue Bell]

If 80% of citizens are using crypto's, this might be a huge increase on the sales of every business and it can help boost the economy. Always remember that everything we purchase has tax, so we are unintentionally paying it regardless on where our money is coming from. Same thing goes for crypto currency earners. Also if 80% are using crypto, I think the best way of applying taxes will be on exchanges.

Inevitably one day the government will impose taxes on bitcoins and all other electronic coins. 80% of the population uses and e-money investments, the government will not be able to stop people from using bitcoin

If they will fix tax for  it even then a lot of people are here who only want to have bitcoin more than any other investment, bitcoin  helps to improve our economy and our life will surely get better with bitcoin as an investment, paying tax is not a big deal at all, because if you pay your tax from your profit even then you will have highest remaining but paying tax will help our government and poor people of our country, so I think same as a lot of other country mine is also getting better economically with bitcoin investment, profit.

[allohha]

Of course, it would be desirable for Bitcoin to take the place of real money and be used as a means of payment. But this requires the full legalization of the crypto currency in the world. Therefore, I am very much alarmed by the statements of many officials in my country who claim that Bitcoin is a threat to national interests. Journalists are trying hard to get a response, What exactly is this threat. But no one can answer.

[leostrong.mo]

Some countries and regions have begun to tax cryptocurrencies!
The cryptocurrency is very unstable! No country will rely on cryptocurrency for economic development!

[Superzpay]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

these people still pay taxes to their governments when they buy things from their country. Every product has a sales tax and that is collected with every purchase so no one can escape from paying the taxes of their country.
While other taxes can also be collected if the governments legalize bitcoin in their state and if they do not legalize then it is their own fault of these states.

[deklitt]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

I think the tax in a country can not be made a guideline on the country's economic growth, and so far not many countries have tax rules on bitcoin.

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Indeed various possibilities can certainly occur in crypto and if every country has a rule about the use of cryptocurrency it may be able to increase the country's economic growth.

[Ewinsane]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

the taxation of a country to its citizens is intended to develop an existing government, if bitcoin is able to be inaugurated by all major countries the possibility of the government must burden the tax payments of each bitcoin users, but the government must also be able to maintain the security of its users as much as possible because of taxes issued by the government against bitcoin users should be able to also benefit the bitcoin holders

Bitcoin helps us to make ourselves financially stable, as it is for people and is responsive as well which made it valuable so we should get our benefit from it and should not miss our benefits. It helps us in improving our economy for which we struggled many years and made nothing but just survival. Now as we have adopted the Bitcoin then the years we had wasted are recovering in which we were using fiat.

[normanderecho]

I think if that will happen many people use bitcoin because bitcoin will be known and to become useful and if bitcoin will giving tax on government that is very big help on government because the country and economy will succesful and become reach so that people theres a big chance to leave as a poor.

[worldsuccess01]

As discussed bitcoin implemented legalized in the nation economy grow up because of there pay taxes if its approved according to the laws mostly now are 90% using bitcoin all over the world.