Quote from: ashfer on August 30, 2018, 04:59:28 AM

Bitcoin is a service oriented coin which can operate world wide for the benefit of the human being as well as where ever the countries are in financial trouble it could help to overcome from the economical down turn of the country..Bitcoin is one of the major crypto currency and its features are very attractive to the global investors so its popularity is increasing day by day.The present bitcoin market is attained its bearish bottom and the market source is expecting a recovery very shortly.

I can't agree with you in one point. For individuals Bitcoin is great to overcome financial troubles. However, as for the country in total, let's say all citizen have bought Bitcoin instead of spending money on goods and services. Will this be good for business? Certainly not. One of the reason why the BoJ have launched its QE recently, was lack of business activity, provoked by the fact that induviduals prefered to hold their money instead of spending it. Yes, this is how it works. Inflation (I mean reasonable inflation of 2-3% per year) is one of the most powewrful drivers of any economics. Deflation, in its turn, may ruin any economics in a very fast manner.