Bitcoin and Economy

[R21]

We all know that the development of a certain country comes from the taxes of its citizens,

wrong. revenues come from different resources specially in countries with natural resources such as oil rich countries, those with precious metals, ...

and we all know people who engage bitcoin don't pay taxes to the government,

wrong again. in the countries that bitcoin is regulated people are mostly paying their taxes. of course there are always who evade them. but that has nothing to do with bitcoin.

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.

nothing really. the same way you have to pay taxes for different things now that you are using fiat, by then you will have to pay taxes when using bitcoin in place of that fiat.
if you are paying your taxes now you will be paying your taxed then too. and if you aren't paying taxes now you won't do it then either!

Good explanation about this mentioning issue.

[Andrea43Turner]

The influence of the digital age has made breakthroughs in the cryptocurrency market. People pay close attention to Bitcoin, Blockchain technology has a positive impact on the economy of each country.

[Vdh135]

this is beneficial for bitcoin parties as long as the government does not impose a tax on bitcoins. in general of course the benefits can be taken by its users, and can reduce the unemployment rate. that alone is enough to help the country's economy.

[kukurikapu]

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.

It can really give a bad effect on the economy if and only if people will just focus on cryptocurrencies and leave or do not have the will to have a regular job since they earn in this way. But I think, their earnings will still somehow help the economy in different ways. It is just up to them.

[aeternus]

I still choose bitcoin, because if we choose bitcoin later we will get multiple benefits, waiting for bitcoin to be the same as we save GOLD, every time the price will rise infinitely.

We need to choose soon, even at the current prices many people cannot afford a bitcoin anymore, they see its huge price and they think that they will never be able to afford one, and they are right, even average people in first world countries will have problems getting a bitcoin since most of them do not have any savings and when bitcoin skyrockets again it is possible that bitcoin will be worth the income of a full year for a person in the first world.

[Legwist]

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.

This is one of the reasons why many countries that are not yet legalized bitcoin and even to ban bitcoin in his country. maybe the countries in the world have to figure out a way how to organize the regulation of bitcoin so we are the owners of the bitcoin and also countries can get benefit from bitcoin or this crypto world. And also can make the scamer reduced.

[victoryana]

Bitcoins have economic implications and bitcoins will make our economy more active because bitcoins do not have the inflation and bitcoin at no cost so we can save on fuel, and bitcoin is more secure. you.

[xzxcoin]

bitcoin is represent of the future economic transaction.

[AmandaCherry00]

The development of virtual currency in general and the price volatility of virtual currency Bitcoin in particular in recent times attracted the attention of public opinion. The emergence of virtual currency has created many challenges in implementing monetary policy, controlling cash flow, risks arising in financial transactions and the safety of the banking system.

[ThomasThorGG1]

In the current economic order, developing countries are treated badly. This is mainly due to poor trading after independence, and the promotion of Western-based development in the second half of the 20th century. This means that many countries in Africa and Asia do not. Can enter or not adapt to the international market. Cryptocurrency and Bitcoin offer the opportunity to help countries and people with post-colonial economies.

[AliceSusana88]

Bitcoin has been a "hot" keyword thanks to its rapid growth and unprecedented coverage. Apparently, the cryptocurrency, which is prominent Bitcoin, is attracting growing interest from investors in the context of turbulent global politics. Blockchain technology is growing and widely accepted.

[royalsons]

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.

Some governments like the US already have measures in place to regulate its residents and to ensure taxes are remitted.

[BrianDCampbell343]

In the context of Bitcoin and altcoin, which are becoming more and more popular as the payment system moves to the mobile direction and investors are constantly injecting money, central banks are beginning to study more deeply on cryptocurrency and blockchain technology. Some countries around the world have introduced cryptocurrency management measures, considered as a kind of business goods.

[Andrej Peiboski]

It seems to me that we forgets that all life is an experiment, and all human efforts are merely an attempt to bring order into "cosmic" chaos.
Bitcoins - like all other kind money, or gold - are only human creations, therefore inevitably imperfect and destined sooner or later to be replaced.
We can only try to intercept trends, and to earn something.
It would already be a very good result ...

[Sharuk9822C]

Bitcoin is a good investment. It is one of the fastest growing economies in the world. bitcoin is a country's economy. This is a future digital amount, so bitcoin can be used anywhere. Then the money to the country will increase. Because of bitcoin, the economy of the country is rapidly growing. And bitcoin is used in business. This will also lead to a major economic crisis. Bitcoin is a strong economy.

[Zero504]

In the context of Bitcoin and altcoin, which are becoming more and more popular as the payment system moves to the mobile direction and investors are constantly injecting money, central banks are beginning to study more deeply on cryptocurrency and blockchain technology. Some countries around the world have introduced cryptocurrency management measures, considered as a kind of business goods.

the impact will indeed be very good for real-world business circulation, although it still stumbles with regulation, but some businesses can be developed, at least for businesses that continue to run online, if the use of bitcoin is widely implemented, it will also have a good impact on the real economy.

[waqasniaz007]

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.

Most of the countries where bitcoin is legal people are paying taxes. Development of country comes from GDP, Exports, Human development and economic resources not only tax.

[drachman]

If it does, and it will, the government will simply acknowledge the existence of crypto currencies and actually protect its citizens from financial crimes by applying laws especially made for crypto currency. Of course taxes should be in a minimal considering its new, but for me paying taxes is a small price to pay so the government will be more open to crypto currency.

And how they are going to put laws in place to protect their citizens when they could lose all their coins to a person living in the other side of the world and that is impossible to track and it is also impossible to recover your coins? People need to understand this, the government will never be able to regulate this market and the sooner you realize this the sooner you will realize that you are the one that needs to protect yourself.

[suraza21]

bitcoin and economy have mutual support if they have the support of the government, we will take new steps in the process of economic development as well as the development of bitcoin.

[jo123]

Well, Bitcoin is not a fiat currency with legitimate status in any country, but it often remains tied to the rules of tax liability regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits, or other forms of tax liability arising with Bitcoin. In other words, Bitcoin can be taxed.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.