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Author Topic: HOW BITCOIN BENEFITS THE ECONOMY?  (Read 1493 times)
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December 23, 2018, 02:41:38 PM
 #101

Bitcoin benefits the global economy in different ways. Bitcoin has introduced in the global market no body was expecting that the bitcoins potentiality has such wide depth in the field of the global economy. Bitcoin is a new form of economy linked with the modern technology. The popularity of the bitcoin ,and other crypto currency and the block chain are quiet popular in the financial market and its utility has been envisaged in the respective fields such as major financial institutions, banks , company and the government institutions etc,  By using bitcoin there are many advantages to the global community such as by eliminating the third party interference for the financial transactions . It is separating transactions from the dollar,Since Us dollar acts as the global reserve currency and it is being used in the main stream financial transactions .Removing the entry barriers to execute the initial public offers to collect funds ad suitably melting down the complicating regulations which enables the international transactions made easier.So the global community is attracting bitcoin.

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December 23, 2018, 04:56:55 PM
 #102

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.


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December 24, 2018, 01:00:11 PM
 #103

if the question arises what economic benefits are generated from bitcoin? then the answer is the same as other investment commodities such as gold, stocks and others that distinguish it only from the side of the form that is virtuous (non-physical) and the price movement is very significant both rising or falling, maybe that is the reason the government banned bitcoin, too risky if we cannot take advantage of the best opportunities
But it is also the fact that if the governments will come to regulate it in the favor of Bitcoin and its community then it will not have much risk. The fluctuations occur in all of the assets so here is also it exist. After the involvement of governments the fluctuation will reduce.
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December 24, 2018, 01:35:21 PM
 #104

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.

It's true that traditional payments are a little slow but not everyone in the world understands virtual currency because in some regions there are those who have never tried virtual money and internet networks.

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December 24, 2018, 01:42:06 PM
 #105

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.

It's true that traditional payments are a little slow but not everyone in the world understands virtual currency because in some regions there are those who have never tried virtual money and internet networks.
besides that at this time many are rich in bitcoin results, of course there is a big turnaround of money, from those who are poor to have a lot of money, and everyone has different target needs, so that all sectors of the economy can spin with the proceeds from btc I think that's one simple example from me

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December 24, 2018, 02:14:32 PM
 #106

if the question arises what economic benefits are generated from bitcoin? then the answer is the same as other investment commodities such as gold, stocks and others that distinguish it only from the side of the form that is virtuous (non-physical) and the price movement is very significant both rising or falling, maybe that is the reason the government banned bitcoin, too risky if we cannot take advantage of the best opportunities
But it is also the fact that if the governments will come to regulate it in the favor of Bitcoin and its community then it will not have much risk. The fluctuations occur in all of the assets so here is also it exist. After the involvement of governments the fluctuation will reduce.
of course it's not that easy for the government to regulate bitcoin, bitcoin is very difficult to regulate and control if you want to be truly safe and far from crime. but most governments don't care about the existence and benefits of bitcoin, which is unfortunate.

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December 24, 2018, 05:47:21 PM
 #107

At present, the global market is rife and continues to grow so bitcoin provides benefits and convenience in transactions. As a developing country, it should be able to accept bitcoin well, because bitcoin travel is like a global market, if it does not follow the world trend it will become a poor country. By being ready to face the global market, bitcoin will benefit the economy.

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December 25, 2018, 06:45:20 AM
 #108

if the question arises what economic benefits are generated from bitcoin? then the answer is the same as other investment commodities such as gold, stocks and others that distinguish it only from the side of the form that is virtuous (non-physical) and the price movement is very significant both rising or falling, maybe that is the reason the government banned bitcoin, too risky if we cannot take advantage of the best opportunities
But it is also the fact that if the governments will come to regulate it in the favor of Bitcoin and its community then it will not have much risk. The fluctuations occur in all of the assets so here is also it exist. After the involvement of governments the fluctuation will reduce.
of course it's not that easy for the government to regulate bitcoin, bitcoin is very difficult to regulate and control if you want to be truly safe and far from crime. but most governments don't care about the existence and benefits of bitcoin, which is unfortunate.


So what is needed is to convince the government to be able to trust bitcoin. Maybe the government needs someone who is skilled in managing bitcoin to be able to accept it, this is indeed difficult but will slowly be able to accept it following the world trend.

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December 25, 2018, 06:53:05 AM
 #109

Bitcoin definitely benefits the economy, yet not beneficial for governments in general. The use of Bitcoin cuts away a lot of taxes and government departments, which threaten to minimize government's roles and size. There are tiny little chances that expansive and controlling governments would ever adopt Bitcoin.   
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December 25, 2018, 12:02:37 PM
 #110

Actually, bitcoin can make benefits for a country, one of which is the tax. But the government and the state are more afraid if bitcoin is misused such as money laundering and financing of illegal activities. so the government and the state forbid it.

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December 25, 2018, 02:27:28 PM
 #111

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.

Yes, bitcoin can help the financial system and end user gains a lot of benefits like fast transfers of money worldwide, anonymous transactions, no taxes and lot more. But unfortunately governments do not see anything of interest if they implement bitcoin as a legal currency and therefore they are against it.

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December 25, 2018, 07:37:01 PM
 #112

The government that has not been able to accept bitcoin is because it has not been able to understand the performance of bitcoin and is not controlled, so for this, the government must re-learn bitcoin. Bitcoin will help the economy because according to the applied global market, all forms of transactions will make it easier, faster and more effective.

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December 25, 2018, 09:16:27 PM
 #113

Bitcoin is also considered as financial tool. Digital crypto markets are good choice for liquidating cash to something  like untraceable financial asset. Economic booms are result of vicious circle of economy. During this peak times selling cheap assets and buying cheaper assets will be subject to speculation which is root of all evil.



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December 26, 2018, 12:48:47 AM
 #114

Actually, bitcoin can make benefits for a country, one of which is the tax. But the government and the state are more afraid if bitcoin is misused such as money laundering and financing of illegal activities. so the government and the state forbid it.
Yes, if the tax is enforced, maybe the government will benefit from Bitcoin generated from the tax on bitcoin users, but it's true, because Bitcoin is a digital asset that is prone to crime. Because it is in the world of the internet, so the government may find it difficult to regulate it.

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February 11, 2019, 06:24:15 AM
 #115

It can benefited the economy in the way  of improving the current payment system.The traditional payment system is too slow and there are many delay transaction that are happening, bitcoin can improve the current payment system.
The main added value of bitcoin is digital transactions faster, cheaper and safer. This can happen because transactions occur in a peer to peer manner and are decentralized so they do not require third party services, such as banks.
Then with the speedy transaction means financial mobility is getting faster, the turnover of goods and services is also getting faster and the welfare of the population is increasing.

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February 11, 2019, 08:11:01 AM
 #116

Because Bitcoin has been widely known by many people from various circles so that it can facilitate Bitcoin to enter the Global market. Therefore Bitcoin can become a promising source of the people's economy, so that the community can get economic income from Bitcoin.
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February 11, 2019, 08:19:29 AM
 #117

Actually, bitcoin can make benefits for a country, one of which is the tax. But the government and the state are more afraid if bitcoin is misused such as money laundering and financing of illegal activities. so the government and the state forbid it.
Yes, if the tax is enforced, maybe the government will benefit from Bitcoin generated from the tax on bitcoin users, but it's true, because Bitcoin is a digital asset that is prone to crime. Because it is in the world of the internet, so the government may find it difficult to regulate it.
indeed tax can prosper society, because the money collected by the state can be returned to the people for the welfare of the country. on the other hand, if the country currently has inaugurated bitcoin, of course many people will be rich

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February 11, 2019, 09:49:04 AM
 #118

for me, actually bitcoin can also help a country's economy, and also an easy way to use investments and transactions, so that it can also help many people who have not benefited.

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February 11, 2019, 10:28:36 AM
 #119

Prohibits massive credit infused crashes.

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February 11, 2019, 10:36:02 AM
 #120

Bitcoin and the Blockchain have a positive impact on the economy of countries that accept and utilize it and the world's economy at large. With the Blockchain and Bitcoin there are job opportunities for the people. For example, cryptocurrency project development, Bitcoin mining, bounty management, forum development and management etc.

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