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Topic: bitcoin in developing countries - page 12. (Read 3369 times)

newbie
Activity: 69
Merit: 0
July 17, 2018, 07:33:23 AM
We know some countries are starting to legalize the use of Cryptocurrencies and this maybe because of the fact that some of the government officials are doing some research on how it can affect or improve their countries economic status. We know Thailand just recently legalize the use of Crypto and it is a huge move to believe that it will make their country better in terms of employment and the communities ability to sustain their personal needs.
full member
Activity: 274
Merit: 100
July 17, 2018, 06:17:09 AM
Bitcoin is now known throughout the world, bitcoin is now spreading the news of this bitcoin in newspapers, TV news, and other media, people want to know about it. And it's a matter of bitterness and bitcoin is now world-wide. Bitcoin Many popular in the world are very popular in the country. If seen in advanced countries, then the developed countries have not bitcoin ban.


Many governments understand that people can earn money using bitcoin and they can spend them only inside the country. It is the best way to develop your country.
hero member
Activity: 980
Merit: 506
July 14, 2018, 06:21:26 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
In the development of bitcoin in every countries world wide i think it can not disrupt to the economic stability of a country in accessing cryptocurrency because in the first place bitcoin is made only to decentralized currency which is to eliminate third party involvement between the government and the state.
But that seldom happens and governments have rather banned the technology for its people to be used due to many reasons. One of them is that the government acts like a father to the masses and consider it a duty to prevent people from any thing wrong that could affect their lives adversely.

Since people can loose money in Bitcoin, this is one reason government has banned it in third world countries. Also to reduce the level of crime, the toll is used.

newbie
Activity: 91
Merit: 0
July 14, 2018, 02:06:23 AM
Bitcoin will always interfere with the economy of the state, as it will compete with the ordinary money that they regulate.  But they also understand that other countries are taking bitcoin, so everyone will also take it.
newbie
Activity: 31
Merit: 0
July 14, 2018, 01:22:59 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Bitcoin in developing country will help their financial economy.
full member
Activity: 322
Merit: 100
July 14, 2018, 01:03:59 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Developing countries and it you are respectable with cryptocurrency. Cause we have a dream that bitcoin will fall to see a great mind that the right to become one piece, but we are so I read this way to invest, I do believe that bitcoin is a start of bull, I believe the market will be grow faster
member
Activity: 216
Merit: 16
July 13, 2018, 10:32:01 PM
While corruption, instability and inflation are global phenomenons, they tend to hit the hardest in developing countries.The power of the blockchain allows for a transparent and open access movement of funds without the scrawny hands of dysfunctional banking systems.
Developing countries have gained an added layer of hope now! In countries where national money is worth potatoes, hyperinflation eroding currency value such as the case of Zimbabwe in 2008.Bitcoin and the blockchain technology have become a lucrative asset and a solution that many aspiring entrepreneurs from around Africa thrive to implement.is it will have a positive impact.
member
Activity: 364
Merit: 10
July 13, 2018, 10:28:47 PM
We must remember that change is never easy, especially for strict governing and developing countries affected by the metaphysical government, however, Bitcoin believers are building the foundation for rapid adoption in emerging countries. Indeed, innovative solutions, fortunately, help these countries to grow and encourage other technologies, inspiration from the rest of the world.so this technology can help their development.
full member
Activity: 378
Merit: 100
July 13, 2018, 07:42:09 PM
I do not think that Bitcoin would disrupt the economy, on the other hand it actually provides people more ways to earn and gain money. Also I don't think that Bitcoin will cause inflation on any country because it is a deflationary currency, meaning it is contraction in the supply of circulated currency within an economy, so therefore it is indeed the opposite of inflation.
sr. member
Activity: 574
Merit: 267
" Coindragon.com 30% Cash Back "
July 13, 2018, 07:30:14 PM
I don't think Bitcoin can cause inflection in a given country. Bitcoin runs outside government institutional framworkand regulations. It's a peer to peer kind of exchange. More people acceptability of bitcoin will not in anyway interrupt an economic system in the country.
Yes, bitcoin was not connected to the government since it was decentralized and they cant control it, I think it will not affect the countrys economy since bitcoin was not yet accepted by the government. Its between the two people and transact only in a a way meidum. Where only one need to pay to transfer money.
newbie
Activity: 160
Merit: 0
July 13, 2018, 07:22:46 PM
if everyone started to use bitcoin in a country it will certainly create instability and the local currency will become more volatile, so almost all gouvernments think that if they block it they will stop that to happen, but it's not really the case, people start using cryptos
newbie
Activity: 89
Merit: 0
July 13, 2018, 07:16:14 PM
In developing countries, the government is very interested in this market. And ICO projects are always developing strongly for those countries that should have economic development.
newbie
Activity: 35
Merit: 0
July 13, 2018, 04:38:39 AM
It is absolutely not true that bitcoin will disrupt economic stability thereby causing inflation especially in developing countries, this is because bitcoin is not just a digital currency but it is an investment platform that inject cash into the economy thereby empowering more persons to invest which in turn will lead to economic growth and stability
jr. member
Activity: 70
Merit: 5
July 13, 2018, 04:33:03 AM
I don't think Bitcoin can cause inflection in a given country. Bitcoin runs outside government institutional framworkand regulations. It's a peer to peer kind of exchange. More people acceptability of bitcoin will not in anyway interrupt an economic system in the country.
newbie
Activity: 19
Merit: 0
July 13, 2018, 04:24:00 AM
the situation in developing countries is not positive like China.
hero member
Activity: 2674
Merit: 585
Leading Crypto Sports Betting & Casino Platform
July 13, 2018, 02:57:02 AM
Inflation in the countries will not. All paper and digital money will replace crypto-currencies, bitcoin will be the modern gold standard for the crypto-world

That is one side of the coin. It would have other negative externalities as well for example if there is no cash in the economy, how would the banks work? The absence of cash will hinder the government to tackle the problem of tax collection from all those who would not be using Bitcoin because of the unavailability of internet and still a huge portion of the world’s population is deprived of the internet facilities. Electricity is also a problem in many countries and I case of black outs, life will be stagnant if the cash is not there.
member
Activity: 770
Merit: 12
Trphy.io
July 13, 2018, 12:19:06 AM
the market in developing countries is rapid growth they have atms and they licenced exchangers and even ico are also regulated which is a good move for industry
i think otherwise, my country is a developing country. the government has not regulated bitcoin, so it can not get into the stock market, so investors are still thinking about legal guarantees
hero member
Activity: 1134
Merit: 500
July 13, 2018, 12:15:30 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
A good example, regarding this topic is Philipines where the goverment has his own cryptocoin, the petro coin if i remember right. Soon we wil se the bitcoin influence on our daily basis.
member
Activity: 287
Merit: 10
July 12, 2018, 11:50:47 PM
the market in developing countries is rapid growth they have atms and they licenced exchangers and even ico are also regulated which is a good move for industry
full member
Activity: 420
Merit: 100
July 12, 2018, 07:50:29 PM
in my opinion, bitcoin will continue to grow and will become more popular in developing countries because bitcoin in developing countries is acceptable and will help improve the economy of its users
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