HOW BITCOIN BENEFITS THE ECONOMY?

[chrisculanag]

Because of the individuals get money from bitcoin and use the profit for buy anything that can help for everyday needs and also the government get taxes for the everything that you buy . Taxes is the important in the government to sustain the good development of the economy.  If we get more benefits in bitcoin so  government get benefits too.

[ErmaburR]

Bitcoin has proven already that it will help those people who are jobless ,and want to join bitcoin for a living ,so if this people have earning so they can sustain the everyday financies ,so this peopke can have great effect to the economy,or can either help an econony of their country.

This has been an ongoing debate for a long time and everyone is looking to find out how bitcoin can benefit the economy. At an individual level every knows that by using bitcoins once can avoid the taxes and transfer fee and other banking charges.

[Jose Rizal]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Well come to think about that this community is a very independent platform, this is very accessible , an open-source blockchain, decentralized , but a systematic technology which will offer people tons of profit, we can say that Governments see this forum as a threat for the people to invest towards banks which directly give a profit to the centralized system and actually Bitcoin doesnt affect the economy directly but the people instead.

[Jaydis]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

I Guess they were afraid that people would just use only the Bitcoin in all their transaction and disregard their own money. Like here in the Philippines yes it is not banned but its hard exchanging crypto currencies to our local one why because not all establishments are well aware of the new settings.

[Gracie12]

After the investment in BTC, the price of BTC is higher and higher, and it also brings huge benefits, so the economy will also rise. That's the charm of investing in BTC.

[prettymargaux]

Bitcoin is the key to world change. It will definitely change almost every aspect of the society, I bet. To cite, it could help deter corruption in the government. Through its open-source blockchain and its transparent transaction, people can barely see the transfer of funds between government officials, and it's non-tamperable. More so, since bitcoin is not owned solely by anybody, every hodler of it, rich or poor, has the power over it. So this will, again, be a big revolution in the shift of power in the economy, from the big corporations which monopolize the economy by using our funds against us to the lowest members of the society. Even those who are in the hem of the society get the chance to improve their living through trading. The profit in trading bitcoin is much larger than the interest rate than any physical financial institution offers. It also eases life for all of us, since it's just one click away to transact using bitcoin, and it's more affordable and faster than the traditional way.

[asrafkhairulazzam22]

I think bitcoin is very influential on the economy such as shipping from country to another country without a bank, which means cheaper transaction costs

[Epimetheus]

Bitcoin's advantages put positive effect to many country economy growth. Bitcoin help to reduce the unemployment issues present in many country and this thing ultimately help to improve an country's economy. Bitcoin work as a bank in many developing countries. It is highly used as a money transaction purposes because of its safe secure transaction facility with low transaction cost. It also help individual people to improve their economy by giving them  opportunities to income.

[Pherjen5]

Bitcoin has proven already that it will help those people who are jobless ,and want to join bitcoin for a living ,so if this people have earning so they can sustain the everyday financies ,so this peopke can have great effect to the economy,or can either help an econony of their country.

But the governments of most of the countries have failed to understand the true benefits of bitcoins and they fear to deploy it in the financial system of their countries.But there are countries who know the power and future of bitcoin and they have made it legally accepted in their countries.

[BitcoinCommodor]

Bitcoin benefits the economy through the investors because with the help of the investors, bitcoin price will rise and also in line with this the economy will also increase. So in other words , the investment of the investors are connected to the growth of the economy because bitcoin price will also increase.

Yeah this is definite thing. When you have got maximum investors, bitcoin would flourish with respect to money incoming. That’s why the whole supply and demand rules is working since long time. More investors will shortage the supply because they would have some specific part of bitcoin, hence the demand increases and prices start increasing and this is how it works.

[AliciaAndrews12]

I think the benefits that bitcoin can bring to the world economy are many. There are a lot of advanced developing countries like the US, Japan they have put bitcoin is a legal currency. Many services in Japan allow you to pay by Bitcoin. In the United States or other European countries, they have set up ATMs for people to trade and buy bitcoins. Looking at nations where their economies are already high, underdeveloped countries should seek to open up bitcoins to their markets.

[aaeeggoo]

In my opinion, Bitcoin does benefits a country economy in a way of entering mpney in a country. They said the more mpney will come in a country the more economy grow. Thats why many country making more tourist attraction so people will come.

[BartS]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Forget it you are never going to convince a country that is in a reasonable economic shape to accept bitcoin unconditionally, the closest case we have is Japan and I think they are accepting bitcoin first because Japan is a country that loves new technology but at the same time the debt of that country is huge and they are thinking that bitcoin and cryptocurrencies in general will get very big and they want a big share of those profits so they can generate taxes and pay their national debt that way.

[maculeth]

Bitcoin investment can make good profits. when the government does not take tax on bitcoin, at least all people can feel the profit from bitcoin investment and at least it can help the economy of the people in that country.

[basyang]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Well, We can not blame them to make a decision to banned bitcoin or cryptocurrency because it can be used as a tool to do some illegal activities. However, if people be responsible to use bitcoin or other crypto currency for sure some countries would not banned it instead they will accept it immediately. For me, if we want to convince the government our actions on using crypto currency will speak for us.

[resty]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

Bitcoin is Faster movement in terms of business aspects than manual, our new hi-technology is brings us to progressive economy to the highest level of standard if all people are aware on this it is very easy to transacts or subscribe whatever it needs so I hope that government willing to adopt bitcoin because we are always forward not going backward. 

[heleng05]

What is the great benefits that bitcoin can give to the economy is the people that lives on the country that has no job to work, Bitcoin can really give them a new way of making money like some trading, participating in bounties etc. And I think it is really helpful to the economy that the people can get money to pay for their bills.

[sambel90129]

The government in most countries have decided to ban Bitcoin and cryptocurrency as a whole. I begin to wonder why the government for these countries have taken such an initiative. Any idea on the benefits bitcoin offers to the economy? Help me convince my government to accept Bitcoin.

indeed there are still many governments that ban bitcoin by a variety of reasons, the most common reason being to prevent money laundering and the second to protect the value of the country's currency. but it turns out that everything is not right, the fear of money laundering is the wrong thinking with decentralized bitcoin the movement of money can be monitored very easily because each of us bitcoin owners can trace the movement of money from the beginning, about the fall of the currency of the country of origin if Bitcoin is recognized, this is also wrong bitcoin is only an alternative currency so its function is not possible to replace the original currency of the country because each has a different user ..

[imstillthebest]

What is the great benefits that bitcoin can give to the economy is the people that lives on the country that has no job to work, Bitcoin can really give them a new way of making money like some trading, participating in bounties etc. And I think it is really helpful to the economy that the people can get money to pay for their bills.

Do you think its easy to get money out of things that you mentioned above ? In trading you need a capital but how can you buy a crypto if you dont have a job ?

That is the time you will decide to join a bounty but the problem is that bounties are pretty random . you cant just join any of them and expect to get paid after three to two months of working too hard .

See ? Did you get my point ?  We still need to get up and apply for a real job , so that we can make money surely and we can then add cypto's as our sideline job to be able to earn extra income  that can  somehow help us on our daily expenses .

[ricardobs]

Because of the individuals get money from bitcoin and use the profit for buy anything that can help for everyday needs and also the government get taxes for the everything that you buy . Taxes is the important in the government to sustain the good development of the economy.  If we get more benefits in bitcoin so  government get benefits too.

I think giving people the option to have their own currency is just the biggest feature bitcoin can offer in general. Bitcoin doesn't belong to any country, doesn't belong to any government can't be controlled by anyone and in general currency of whole globe and anyone wants to use it. That feature is more valuable than any currency can offer.

Dollar is important because USA is very big in the world and Chinese Yuan is getting more important because china is getting more powerful and euro is big because europe has more say in the world than they can chew however Bitcoin is not like that, it is just a currency that is as accepted as anywhere else in the whole world. That is why I think the adoption may take some time since we are not a country giving the law but when it does reach that final break point we will see a non return all bitcoin world.