Bitcoin and Economy

[aeternus]

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 ...

But what you are missing is that money last for a very long time, the dollar has existed for hundreds of years, and there are even currencies that are older than that, gold has been used as money for thousands of years, so even if something better came along that doesn't mean that bitcoin will disappear, bitcoin will still be here and will allow you to earn profits if you're smart about it.

[Underlord]

maybe in the future bitcoin will dominate the world economic sector, but there will definitely be regulations that govern and bitcoiners cannot freely trade because they have to pay taxes from each transaction. However, the decentralization system will be difficult for the government to accept because it can disrupt economic stability.

[Ridersss]

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.

but I think that bitcoin can grow a nation's economy, if the government wants to provide regulation for the use of bitcoin. with good regulation and good governance maybe bitcoin can reduce the level of poverty in a country.

[Flor1982]

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 declared Bitcoin is legal which mean people who lives in these Bitcoin countries are oblige to pay taxes according to their regulation policies thefore expect that their economy will become strong because of the tax collections. But if Bitcoin is not legal but not ban still expect economy will boost as Bitcoin is just for investment only to earn more fiat making the purchasing power of the people to become strong which is a big help to their economy too.

[jack wira]

Selamat ini bitcoin masih belum ada titik temunya sama pemerintah Indonesia makanya yg di katakan wajib pajak itu terabaikan semua bukan salah kita.mungkin banyak yg bertanya bagaimana cara menghitung nya agar kita bisa membayar pajak.

[Changadithethor]

The cryptocurrency market, being one of the hottest trade and investment market these days, running behind the real estate and stock market has a very big potential.

[binhvo1505]

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.

Surely the government will think of taxing the income of every citizen. Because if there are too many people entering the Crypto market in a country, human resources will be greatly reduced and will greatly affect the country.

[gambitcoin53]

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.

tax is only a part of which a country runs, it does not mean that all their earnings and funds comes from tax paid by the people, not all people are paying tax, like the unemployed, the minor aged and senior citizen, even all people do crypto, it will not affect the development projects of a country, in fact, in can help the economy because bitcoin creates jobs for the poor and unemployed, it creates services that paid in crypto, it attracts foreign currencies when converted to dollars. possessing virtual wallet with huge bitcoin funds are not taxed but when a crypto user wanted to convert into fiats, it has fees which i think part of that fee are including taxes hidden as service fees.

[Bivonisenki]

Bitcoin is being used as a digital currency in many countries. As a result, the economy of the country is connected with Bitcoin. Bitcoin will occupy an important place in the financial sector with the increasing use of Bitcoin.

[sarungmen]

actually, when it arrived, where almost all people used crypto, it would not make the government lose, even though there was no income from taxes, but I was sure that the income of the people would increase so that the purchasing power would increase, if that happened then the economy would progress and the inflation rate will drop, the government will definitely find a point or gap where they can earn income, because I believe cripto cannot progress by walking alone without government interference

[vixcious]

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's easy, the government will find ways to tax citizens. Because the income from the Crypto market is huge. I was a student but I was able to earn over $ 6k in 7 months. The government will know this soon and there will be taxation.

[buternasek]

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.

in my personal opinion, a country where 80% of its citizens are involved with crypto.
it will improve the country's economy.

[Gila uang]

In my opinion, Bitcoin closely related to the economy nowadays, let alone the economy that concerns a government or a country. Bitcoin can make the economy of a government or a developing country if bitcoin grows rapidly. Therefore, this development must be accompanied by cooperation on both parties.

in my opinion the appropriate tax is an important part of community development, only more countries are supporting bitcoin to make a rapid development of the community.
I think there will be more people using bitcoin in the future, so the government will have a few steps, maybe first to exchange taxes, and then tax your encrypted money wallet.

[Andrej Peiboski]

Bitcoin has little relationship with the economy: buying and selling in one currency rather than another does not change the nature of the trade.
Bitcoin has much more relationship with politics: if it manages to undermine the old centers of power, there will be many surprises.

[rasp]

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.

Not paying taxes by 80% of the country's population would lead to a catastrophe in all spheres of life.
There would be no new roads, schools, public areas, transport, etc. Both urban and rural infrastructure will be gradually destroying and there will be chaos in the streets because of lack of money to pay to police and other law enforcement bodies.
I just wonder is that really the price people wanna pay for the unlimited use of cryptocurrencies?

[Soneo]

Now most people do not even know what bitkoyn is. When it turns out 80% of citizens, then the government will already come up with levers of management and levy taxes on trade with bitkoynym.

I think if bitcoin users don't pay taxes directly, they will pay it indirectly. More than the government can accept bitcoin completely and impose taxes on users even if bitcoin is decentralized.
Talking about tax involves a very broad discussion. there are two types of taxes, direct taxes and indirect taxes,

[Saldom12]

Bitcoin is the number one coin in cryptocurrency and bitcoin is very helpful for the economy of people in this world, especially those who use bitcoin.

[rickyrich45]

Bitcoin and crypto money exchanges are affected by the world economy. but they are not completely connected to each other. crypto money is more like a parallel universe.

[endut15]

Bitcoin is the number one coin in cryptocurrency and bitcoin is very helpful for the economy of people in this world, especially those who use bitcoin.

it has been proven that indeed bitcoin is the first coin and has provided an aid in the economy of each country, we do not need to doubt the advantages of this one bitcoin. because it's true.

[lunaelucemauram]

Now most people do not even know what bitkoyn is. When it turns out 80% of citizens, then the government will already come up with levers of management and levy taxes on trade with bitkoynym.

I think if bitcoin users don't pay taxes directly, they will pay it indirectly. More than the government can accept bitcoin completely and impose taxes on users even if bitcoin is decentralized.
Talking about tax involves a very broad discussion. there are two types of taxes, direct taxes and indirect taxes,

 That is true as there are certain bills like electricity and water that can be taxed, also consumables or goods can be also has tax like groceries and gas so your paying the tax indirectly. Yes it might affect some the government if people starts to not declare their taxes but remember that they can move the taxes in different things to compensate for the loss.