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Author Topic: The Cryptocurrency Market and How it Influences Our Economy?  (Read 129 times)
REF Crypto
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July 24, 2018, 02:23:54 AM
 #1

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?
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July 24, 2018, 02:28:18 AM
 #2

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

The Cryptocurrency Market, specifically Bitcoin, has changed my life a lot by buying at low prices when selling high, I do not need to do anything other than trade bitcoin. I'm glad to hear about bitcoin.
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July 24, 2018, 02:43:06 AM
 #3

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

After the strong fall, bitcoin today has risen back to $ 7,719 / BTC. Bitcoin is my life, thanks to bitcoin my life has changed a lot. Many people get rich by bitcoin and other cryptocurrencies. Grin Grin
meaamir86
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July 24, 2018, 02:50:50 AM
 #4

Cryptocurrencies are already disrupting how people send money to each other, specifically because they don’t need to have bank accounts and can bypass the fees typically charged by money transfer services. Currently, non-cryptocurrency transfers happen with the help of the Society for Worldwide Interbank Financial Telecommunications (SWIFT).

SWIFT doesn’t transfer money. It only facilitates a channel of communications between banking institutions. And, the SWIFT technology isn’t efficient, which sometimes results in transfers that take days to complete. In contrast, cryptocurrency transfers between people in two different countries can occur in seconds with some providers.
bettybuttun12
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July 24, 2018, 03:21:04 AM
 #5

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

After the strong fall, bitcoin today has risen back to $ 7,719 / BTC. Bitcoin is my life, thanks to bitcoin my life has changed a lot. Many people get rich by bitcoin and other cryptocurrencies. Grin Grin

You talk correct, bitcoin are positive, please wait.
leesoorany08
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July 24, 2018, 03:27:02 AM
 #6

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

After the strong fall, bitcoin today has risen back to $ 7,719 / BTC. Bitcoin is my life, thanks to bitcoin my life has changed a lot. Many people get rich by bitcoin and other cryptocurrencies. Grin Grin

I expected that from the time to the last year 2018 bitcoin will be going to continue and reach $ 20,000
antoniolukaseo2010
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July 24, 2018, 04:13:18 AM
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Cryptocurrency determines the economics of the trader, so many people only spend time buying and selling Cryptocurrency and see it as their primary job.
davehopepe05
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July 24, 2018, 04:39:36 AM
 #8

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?
Until now, it's been easy to scoff at the cryptocurrency boom, or ignore it if you weren't interested. But as the rally has spread from bitcoin to other coins, from those other coins to companies touting links to cryptocurrencies, and potentially soon those companies bidding for resources in the real economy, we're going to see cryptocurrencies impact the real economy.
REF Crypto
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July 24, 2018, 04:41:17 AM
 #9

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?
Until now, it's been easy to scoff at the cryptocurrency boom, or ignore it if you weren't interested. But as the rally has spread from bitcoin to other coins, from those other coins to companies touting links to cryptocurrencies, and potentially soon those companies bidding for resources in the real economy, we're going to see cryptocurrencies impact the real economy.
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.
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July 24, 2018, 05:55:10 AM
 #10

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?
In my opinion, cryto currency influences our economy in term of creating job to people. They found money making possibilities by working as cryto currency miners. Cryto currecny reduces dependency on Banks and Money transfer. Purchasing with the use of cryto currency is very accessible.

deus030518
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July 24, 2018, 06:01:01 AM
 #11

To people who have strive to learn how the market goes with the current uptrend and downtrend that is frequently happening and learning how to make profits is really a big influence economic growth to countries that quickly adapts cryptocurrency. Hopefully many countries adapts it because it bring more economic growth than harm.
Hui8
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July 24, 2018, 06:05:01 AM
 #12

It doesnt affect global economic because the money that is flooded into the crypto currency is insufficient for it as compared to the worlds trillion dollar market.

On national level there might be some effect because huge amounts of money is flooded in the market and is locked up by big investors. This might give little (very little) stress over the fiat in that local region. As such I dont see any major adverse effect of it.

The financial growth of country depends on various factors and crypto currency is just little part of everything.

davis196
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July 24, 2018, 06:14:41 AM
 #13

The cryptocurrency market doesn't influence the economy,because it`s just too small.
It has to be more 1 trillion USD worth in trading volume and market caps,in order to have any significant inlfuence over the world economy.There`s no such term as "economic income".What do you want to say with this term?

REF Crypto
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July 24, 2018, 08:18:38 AM
 #14

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?
In my opinion, cryto currency influences our economy in term of creating job to people. They found money making possibilities by working as cryto currency miners. Cryto currecny reduces dependency on Banks and Money transfer. Purchasing with the use of cryto currency is very accessible.
Agree with you!
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July 24, 2018, 01:23:11 PM
 #15

1. Increase economic income by cryptocurrency?

The effect of some cryptocurrency is terrible for the economy, especially currencies that have no value or have no specific goal.
If we need cryptos, creating more than 1,000 coins/tokens is useless. I believe that 99% of cryptocurrencies are zero.
Some cryptos worth $ 0.0005 and then tapped to $ 1 and others in the process of creating money from scratch, so if any regulation/collapse happen, most of these currencies will return to zero.

2. The Cryptocurrency Market and How it Influences Our Economy?

The effect is currently limited to individuals so you do not invest what you can’t lose.


alyssa85
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July 24, 2018, 01:29:55 PM
 #16

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

Cyptocurrency is already influencing the market for graphics cards and microchips. For example Samsung has entered the bitcoin mining chip market.

webtricks
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July 24, 2018, 04:19:09 PM
Merited by aoihs00 (2)
 #17

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

World Top 5 Economies:

USA $20,400 Billions, China $14,000 Billions, Japan $5,100 Billions, Germany $4,200 Billions, UK $2,940 Billions
Total: $46640 Billions

Cryptocurrency MarketCap: $300 Billions (This is also fictitious data and real spread is too less than this.) 

So when we compare two, Worldwide Crypto Economy doesn't even contribute 1% of the Top 5 Economies. It is still too soon to predict any impact of cryptos on World Economy. In reality, cryptos are still not contributing anything to World except income alternatives to few thousands people and crowdfunding to few hundreds of project. On the same note, the most disruptive technology of 21st century 'Blockchain' is still underdeveloped and future is also not looking any good when most of the countries are against cryptocurrencies & blockchain. Even the insiders aren't much concerned about developing it, they are just aiming to make money and spamming blockchain rather than contributing anything to it.
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July 24, 2018, 04:58:03 PM
 #18

Crypto can affect our economy because with its cryptocurrency we can earn money and make money. That's why cryptocurrency can help my economy.
CybereyesWinger
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July 24, 2018, 07:54:30 PM
 #19

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.
1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
What do you think?


   The era of materialism has long been irrelevant. Although every day, realizing our foundations and dreams, our needs nevertheless demand from us with the word "here and now". Cryptography is the key to fast queries. The good it also develops significant steps. Leaving the Fiats behind, and overcoming the new frontiers of "restriction." Obviously, the current market will be significantly dominant, after the implementation of quantum technology. As an example, the Kelvin Blockchain project is based on quantum computing, which is already an innovation!
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July 24, 2018, 08:15:59 PM
 #20

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.

1. Increase economic income by cryptocurrency?
2. The Cryptocurrency Market and How it Influences Our Economy?
-----------
What do you think?

World Top 5 Economies:

USA $20,400 Billions, China $14,000 Billions, Japan $5,100 Billions, Germany $4,200 Billions, UK $2,940 Billions
Total: $46640 Billions

Cryptocurrency MarketCap: $300 Billions (This is also fictitious data and real spread is too less than this.) 

So when we compare two, Worldwide Crypto Economy doesn't even contribute 1% of the Top 5 Economies. It is still too soon to predict any impact of cryptos on World Economy. In reality, cryptos are still not contributing anything to World except income alternatives to few thousands people and crowdfunding to few hundreds of project. On the same note, the most disruptive technology of 21st century 'Blockchain' is still underdeveloped and future is also not looking any good when most of the countries are against cryptocurrencies & blockchain. Even the insiders aren't much concerned about developing it, they are just aiming to make money and spamming blockchain rather than contributing anything to it.


I liked this answer very much. It has all the data that is needed to compare the reality of the crypto currencies. After reading this answer I am really feeling very tiny in the crypto space and it tells us that this is nothing as compared to the worlds biggest countries and their economies. You can not even compare the market of crypto currencies here, lolz. If we want to see any effect of the crypto currencies over the national or global level then it needs to make bigger movement here, they need to be invested 100x more than the current rate and might just take another decade or so.



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