Bitcoin could destroy economy

[zanezane]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

Government adopting bitcoin doesn't necessarily means that it will destroy it's economy, they are too big for bitcoin to be destroyed, unless they put all their government money in bitcoin and it crashed then probably that is the time that bitcoin is going to be destroyed.

[AakZaki]

It's a different story now, bitcoin is no longer for those who only use it as a tool or channel to illegal things,

there are institutions now who work and adopt this system as a good channel for payment transactions

though it's still not wise to use it as main currency as it had decentralized nature, using it without any control

simply allows people not to pay taxes.

The adoption of Bitcoin is still in the stage of introducing bitcoin. several companies that use bitcoin as another payment option certainly have a good effect on the development of bitcoin. However, in some countries there are still no clear regulations. The price of bitcoin cannot be controlled by those of us who only have a little money, but for whales with a lot of money they can manipulate the market.

[Xinarae*]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

Government adopting bitcoin doesn't necessarily means that it will destroy it's economy, they are too big for bitcoin to be destroyed, unless they put all their government money in bitcoin and it crashed then probably that is the time that bitcoin is going to be destroyed.

Bitcoin will take a long time to destroy because the government cannot control bitcoin, the government will never keep bitcoin as money in the public sector so bitcoin will not destroy the economy of any country. Bitcoin investment can help boost the country's economy.

[ROSE B]

Bitcoin is indeed more influential than the market, but it will not destroy our economy. It will inject some vitality into our economy, provide some new vitality and new technology, which is very beneficial to our market. of.

[conected]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

- Before the government announces issues of a large nature, a series of sessions and deliberations will be passed and most of all I see only one against using bitcoin, some countries may be applying but even if the government encourages, people can choose to refuse, there is no more land where there are too many spectators watching bitcoin show its ability, bitcoin becomes too gentle boy and can't cause big economic damage. Maybe some bad effects of bitcoin still exist but countries always have such problems, the government will purge such potential threats in a peaceful and unnoticed manner

[mrongoz22]

on what basis do you say bitcoin destroys the economy, if your reason is because of the problem of terrorist financing, and a lot of crime in bitcoin, you are wrong, isn't it in fiat currency the same thing happens often, bitcoin has a lot to help our finances, at a time when the economy Everyone started collapsed, bitcoin that came to give us hope, to bounce back from adversity ...

[imstillthebest]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

Government adopting bitcoin doesn't necessarily means that it will destroy it's economy, they are too big for bitcoin to be destroyed, unless they put all their government money in bitcoin and it crashed then probably that is the time that bitcoin is going to be destroyed.

why will adopt it if it can destroy their economy ?
 But they adopt it because they think they can get benefits with it . btc price have crashed many times but did btc got destroyed ? No because it wasn't the btc fault why they lose  .
They can't blame btc and want it to destroy but it was their fault of putting money in btc .

[Mr.sprin]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

Government adopting bitcoin doesn't necessarily means that it will destroy it's economy, they are too big for bitcoin to be destroyed, unless they put all their government money in bitcoin and it crashed then probably that is the time that bitcoin is going to be destroyed.

I am not saying bitcoin is destroyed, I am just explaining that if the government adopts bitcoin, the country's economy will be destroyed because the price of bitcoin can drop drastically in the blink of an eye if that happens then the government can panic and the economy in the country is out of control so the economy will definitely be destroyed.

[ropyu1978]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

You are right mate, no one can control bitcoin, as long as bitcoin is not controlled by the government, I think bitcoin will be safe, and will not affect the world economy, but if the government has taken over bitcoin, most likely the world economy will fall.

[Sane coin speculator]

 Although Bitcoin is not ideal recently, there are still some other cryptocurrencies that continue to rise! I am a speculator, I am only interested in making money! If you are also interested, we can discuss it.

[secretgirl]

too much in my opinion, if there is someone who says that bitcoin will destroy the economy. I think they just think because the nature of bitcoin is anonymous, and they feel bitcoin will be used by irresponsible people. most such arguments are said by people who cannot profit from bitcoin. for example, a government that cannot collect taxes and a government that thinks bitcoin will be easy to use for criminal activities. I don't think bitcoin will destroy the economy, but people like that can destroy bitcoin. My hope is that they can let bitcoin run peacefully with the local currency, and welcome a better economy in the future.

[chrisculanag]

no one can control bitcoin, bitcoin price is unstable. It can go up and down at any time. I think if a country adopting bitcoin is the wrong choice, I believe that country's economy will be destroyed.

You are right mate, no one can control bitcoin, as long as bitcoin is not controlled by the government, I think bitcoin will be safe, and will not affect the world economy, but if the government has taken over bitcoin, most likely the world economy will fall.

I agree with you guys , no one can control bitcoin because its only a cryptocurrencies that controlled by crypto users and some whales or richest person that want to earn more profit. If government try to controlled this crypto by putting some taxes is very bad to us. Thats why bitcoin cannot destroy economy but can control us if government want. The one that i think good is bitcoin can be partner in many transaction that can very useful this time. But we dont know when its happen. Bitcoin can be a good partner not a destroyer.

[ARTURVHt]

I think Bitcoin will not destroy the economy. In the long run, Bitcoin can inject vitality into the financial market, thereby promoting the further development of the market and making the financial market more dynamic.

[marilynmanson21]

* funding terrorist,
* money laundering,
*kidnap for ransom using bitcoin, and etc,

Bitcoin has always been pointed out to have used ONLY for these criminal acts.

What do you say about fiat? is it an exception for these activities were in fact even bitcoin was launched, these acts have been always there. And they were funded and made done through fiat/cash.

Bitcoin is money and the same as fiat could be used for good and bad. Let's remove this idea that bitcoin was only made solely for these acts.

you are right I think that's a classic reason, without bitcoin also all the crimes mentioned above existed long before bitcoin was present,
bitcoin helps the real economy and helps a lot of people especially during the pandemic, Maybe I can say that bitcoin makes the economy grow. More and more people are earning in the crypto world and once bitcoin and other digital currencies are converted into fiat money, we can use them for our daily expenses, buying all the necessities of life

[Frengki_cisco]

Terrorist-money-laundering-corruption-in the name of Bitcoin is stale-not basic.

On the other hand, Bitcoin is one of the digital currencies that can boost the world's economic growth- believe it or not, that's what's happening right now.
Thousands of government parliaments are involved in the world of crypto-the reason for destroying the economy is a ridiculous reason- lay minds, dead ends, undeveloped and stodgy.

[ampu]

Bitcoin is creating thousands of jobs worldwide. Bitcoin helps many people get rich with their applications. When the world is accepting Bitcoin, it is no longer a threat, it is a solution. I think that fiat money itself is double-sided when it comes to overprinting and inflation. Bitcoin is the opposite of FIAT and is a currency whose value is always increasing

[bitbunnny]

To my opinion the fear that some have thinking that Bitcoin might destroy economy isn't realistic. Bitcoin is not a real threat to any economy of any country in the world. Instead of such negative view on Bitcoin relevant authorities should think about the benefit of Bitcoin to the global economy and how to integrate it for the benefit of all.
Despite all possible bad sides and differences compared to fiat I think that sinergy is possible.

[haasanjui]

We cannot say that Bitcoin can do any harm to the economy, rather that Bitcoin is benefiting the economy in the form of taxation. And the crypto currency has also given people jobs. In future it given many benifits to economy. Bitcoin is not destroying economy it is benificial for economy.

[Kayum10029]

Bitcoin can never have a bad effect on the economy, because Bitcoin plays the biggest role in keeping a country's economic wheel in motion. A large part of the unemployment problem in a country is online

[Kiley33]

Bitcoin is just a way for their criminals to launder money. There are other ways, just because of the advantages of Bitcoin, many media have hyped up criminals for money laundering. As a result, everyone has a negative impression of Bitcoin.
Every transaction on the Bitcoin chain will be permanently recorded on the public chain. As long as someone checks. Will definitely find out.