Quote from: SirLancelot on September 18, 2018, 09:32:30 AM

Quote from: Terry05 on October 21, 2017, 07:46:25 AM

Just wanted to know people ideas on what is the good and baf impact of BTC in the economy of a country. I am glad to hear different views regarding this matters and get some ideas from the tenured people in this forum. Your opinions/views are highly appreciated.

Regards,

The good thing about Bitcoin is that makes transaction easier, especially when it comes to sending money from one country to another, instead of the normal slow procedures you will go through in banks which will waste your time for the whole day you just send it with your phone in few minutes.

There are also other advantages of Bitcoin and as for the disadvantage, I think the number one that we should take note of is money laundering and thats not a new thing cause it have been discussed several times online on how people use Bitcoin for money laundering.

Till date crypto investment is not good for the economy of a country, because the people of a specific country put their money outside their country. It means that they are sending their money outside their country. It will affect their economy badly. Easy transactions, throughout the world use and other benefits of cryptocurrency are not helpful for the economy of a country.