Can Bitcoin really stabilize any country's economy level?

[jamids]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

It would still depend on who runs the country and how he would be able to make use of bitcoin to somehow improve the lives of the people. Whether it would be fiat or bitcoin, nothing would be different if those in the position are greedy enough to use the funds for his own benefit.

As for now, bitcoin is somehow of help to improve the lives of some individual in their earnings from cryptocurrency and it would help them in contributing in their own little way to let businesses earn and improve the economic status of the country.

[efxtrader]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

I do believe bitcoin have good system on monetary and i think its revolutionary. I am believe bitcoin system can help economic system and reducing inflation that always rising.

[amphibian]

Bitcoin stabilizing an economy? I won't buy this idea. I think bitcoin can only contribute to stabilizing an economy but not making the economy stable alone. Bitcoin cannot stabiloze an economy alone because of its level of volatility. Bitcoin is not stable itself. What it can do is to contribute to an economy's stabilization once btc value reaches its peak.

[bitcoinveda]

cryptocurrencies are really important for economic growth and job creation we can see lot of new development mainly counties like India where there are more number of software engineers cryptocurrencies development will create more number of jobs

[Gastotade]

cryptocurrencies are really important for economic growth and job creation we can see lot of new development mainly counties like India where there are more number of software engineers cryptocurrencies development will create more number of jobs

Its good to help many people who have no stable job yet have strategical idea on trading. Sometimes we just need to know if were capable on making this a job to help the economy.

[maarx]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

It can even uplift a country's economic level more than stabilizing. Countries who knows this, have adapted it and have not captured this, are yet to adapt. Internal politics do play on Bitcoin's entry. They are hesitating to accept bitcoin as they feel that their fiat value would go down in the market if they adapt bitcoin so in their countries. But look at the positive sides when bitcoin enters is adapted. Citizens will have employment, Citizens' growth standard will grow up, when citizens's growth is taken care, respective nations' growth will be at ease. Nation's economic growth will be high and more outsourcing business will take place. What else a country need.

[Ziskinberg]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

It can uplift a country's economic level more than stabilizing. Countries who knows this, have adapted it and who are yet to adapt, are with struggles in terms economy.

Stabilizing the economy of a country might be hard to do for bitcoin knowing its here to be a currency.But since most of the people treat it as more of an investment,then it can really make some changes in the economy level of some people but considering one's country already,i think it would not be easy for bitcoin to do that.

[t3ChNo]

I believe it will. Take a look  at the countries that has a very high inflation as well as those unbanked. They're turning on cryptocurrencies to mitigate the negative effects.

[snatoshi]

Yes it can and it's currently used widely on countries with high inflations rates like Venezuela and Zimbabwe. Also, it will become most popular when people realize each country exports it's little piece of inflation each year to their foreigns countries 

It can stabilize economies with a more transparent and easy to use cash system it's just that for now there is lot of challenges regarding scalability issues.

[Burogh]

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

If bitcoin system implemented on monetary system, i am believe government can control the inflation. With controlled inflation, peoples asset not decrease on the value and it will increasing wealth

[sidodadii]

people that join in bitcoin, high percentage will success. i mean, they must know all about crypto, you must know about the point of bitcoin.
government can invest in bitcoin to, they can take muhh profit if do that. they can make payment across the world via cryptocurrent, its easy than print money.

[spongegar]

Take the example of Venezuela. Their fiat failed and where do they turn to? Crypto currency. I think crypto currency could be a stop gap as the market stabilizes and fiat recovers. But for a healthy economy with a healthy fiat, o think crypto currency could evem helo it more so long as there ia a form of regulation and or taxation involved.

[higgidave]

I think btc to increase a country's GDP or change a country's economy may be difficult for now because the anonymous nature of BTC will make it difficult to calculate into a country's GDP, especially to measure the economic level of a country that requires a detailed calculation, the nature of BTC this anonymity also makes many governments make rules against BTC to avoid money laundering

I don't think bitcoin can help to stabilize country's economy level. Because if bitcoin have some advantages then it have many disadvantages to which can ruined the economy.

[Antianara]

For countries that accept Bitcoin or cryptocurrency like the US, Russia, the country's finances are stable and secure.

[nur rochid]

Take the example of Venezuela. Their fiat failed and where do they turn to? Crypto currency. I think crypto currency could be a stop gap as the market stabilizes and fiat recovers. But for a healthy economy with a healthy fiat, o think crypto currency could evem helo it more so long as there ia a form of regulation and or taxation involved.

for Venezuela they have no other way, by moving to cryptocurrency it is expected to improve their economy, but this also carries a large risk, considering not all countries allow BTC as a transaction tool

[Madara_Uchiha]

Currently, it will not help to improve the economy. There is even a danger that because of its volatility, it can disrupt the economy.

[squog]

I think it could if a country has tax laws implemented to crypto currency. Because if not then it would just weaken a country's Fiat and woupd ultimately collapse it's market. Then again, if a country would opt to be exclusively crypto then it would be more fruitful for a country to just tax it so the country could have income from it.

[darkr]

cryptocurrencies are really important for economic growth and job creation we can see lot of new development mainly counties like India where there are more number of software engineers cryptocurrencies development will create more number of jobs

Its good to help many people who have no stable job yet have strategical idea on trading. Sometimes we just need to know if were capable on making this a job to help the economy.

If really many people start using Bitcoin, they will improve their life. Probably, it can be taken as an effect on the economy. However, I think only the government can improve it.

[altercreed]

That is a negative notion for me because so far, those countries who adopt bitcoin and digital currencies area almost having the same testimonies that their economic growth is not hindered nor stabilized but rather lifted with the help of cryptos.

[TheUltraElite]

Currently, it will not help to improve the economy. There is even a danger that because of its volatility, it can disrupt the economy.

The volatility of crypto is due to the trading on markets. Honesty bitcoin has been very stable the last few weeks even if you consider yesterday's pump and dump. The average swing in prices is around 10% and thats not going to differ much for those who trade small volumes of crypto. If we consider an economy where bitcoin is the only source of money then volatility will not be seen in bitcoin but in other altcoins. In other words I believe bitcoin could be considered as a stablecoin in such a hypothetical situation.

If really many people start using Bitcoin, they will improve their life. Probably, it can be taken as an effect on the economy. However, I think only the government can improve it.

I dont understand why people keep hoping governments to improve bitcoin. They wont because its not something they want. People should stop day dreaming.