Bitcoin and Economy

[pakcoy]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

[chapcha]

There is a relationship between bitcoin and the economy. Bitcoin can have an impact on reducing unemployment and opening up opportunities for people working on bitcoin projects. Especially if bitcoin is legalized, I'm sure the world economy will change for the better.

[Shahinaz]

there is an economic impact on people from bitcoin, at least they work indirectly and make unlimited money if they are lucky,
Bitcoin should be legalized so that every bitcoin holder must pay taxes

[gribble]

bitcoin can have an impact on unemployment reduction and employment opportunities for people who work on bitcoin projects. Especially if bitvoin is legalized then I believe the world economy will change for the better. because at least indirectly they work and make unlimited money if they are lucky

[Bolasodok86]

it is absolutely true that the development of a country is from public taxes, and if everyone uses bitcoin it will definitely be a tax regulation for bitcoin trading, because I think the government does not want to lose it all.

[spark]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Then the government will do something because they will think that if they apply some rules for the cryptocurrency user, then it will give some income to the country. But we still don't know how much the taxes we should pay because I think the government that will know the amount of the taxes.

[dominoes]

Don't worry to much because there is the word CHANGE. It is always constant specially in cryptocurrency and government. People are constant changing as generation keeps going. Officials would not let the government down same with cryptocurrency admin.

[Instro18]

if I prefer to invest in bitcoin bro. then with bitcoin we can spend with other crypto. With bitcoin our economic life can change for the better

[elbans89]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I think Bitcoin will improve the financial economy from investor and trader. I personally have gotten alot benefits from invest in bitcoin.

[wanggober]

of course it has a very good impact because then everyone has income and this will certainly reduce unemployment and will help the government in the welfare of its people and if bitcoin is legalized and taxed, this is very good to help the country in developing all things

[Crypto Guard]

@chapcha, one of them is by following the bounty. Bounty or airdrop is a solution to reduce the number of unemployed in each country. Not having to spend money, someone can work by campaigning for projects to earn income.

[kamal420]

We all know that there are countries that banned this bitcoin for its price rises every now and then. Rising of bitcoin currency leads to an imbalance economy of every country. In line with this, government must take action regarding this matter. If this bitcoin currency make it to the top, other investors will not invest in companies anymore, no more investments in small franchise that will lead to an imbalance economy. People will invest more in bitcoin, who would not invest if money here is easy and convenient.

[reshat]

Economic theory suggests that the volatility of the price of bitcoin will drop when business and consumer usage of bitcoin increases. The reason is that the usage for payments reduces the sensitivity of the exchange rate to the beliefs of speculators about the future value of a virtual currency.

[debra]

I can understand this. If a country legalizes Crypto and its citizens are 80% using Crypto. So this will kill the economy in a country. It is clear because there is no income for the government and the state to run the government. Unless the Government makes certain policies or limits Crypto, its citizens use it.

[reshat]

Economic theory suggests that the volatility of the price of bitcoin will drop when business and consumer usage of bitcoin increases. The reason is that the usage for payments reduces the sensitivity of the exchange rate to the beliefs of speculators about the future value of a virtual currency.