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Topic: bitcoin in developing countries - page 15. (Read 3371 times)

member
Activity: 350
Merit: 10
Open and Transparent Science Powered By Blockchain
July 06, 2018, 11:24:05 AM
Inflation is inevitable cause we live our life in this world that has a scarce resources and someday it will be gone for sure.
In the most developing countries in East Asia, there are more new things for bitcoin and the market is more potent, a growing number of developing nations have accepted the bitcoin trade
yes developing country is starting to take crypto serious. For example thailand that regulating their crypto and i  do think its fair regulation but take a look at india that just barely ban crypto without proper evidence and without doing research. There is good thing and bad thing in developing country but i do think crypto started to developing in developing country.
newbie
Activity: 98
Merit: 0
July 06, 2018, 11:12:31 AM
In the most developing countries in East Asia, there are more new things for bitcoin and the market is more potent, a growing number of developing nations have accepted the bitcoin trade
newbie
Activity: 266
Merit: 0
July 06, 2018, 11:08:32 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?

You know Bitcoin is not threat to the economic stability of every country but rather help to improved the situation of the people into progressive life for every day living. Actually government itself should be bothered the improvement of the people if they totally stop to people using Bitcoin.
sr. member
Activity: 700
Merit: 251
July 06, 2018, 10:54:08 AM
I don't think that bitcoin may cause instability in the economy or inflation. Instead, i think having bitcoin will bring many advantages to the country, if the people choose to invest in bitcoin and get profits from that.
From what i experience, bitcoin really help my economy condition becomes better. More earning, can buy more goods and services. If many people becomes like me, then it will surely help the economic to grow. Less unemployment, and will make the country's economy become better right? As long as everything is under control, in this matter i mean it's not too much, i don't think anything will happen or affect badly to the economy. The government think too much, i suppose.
member
Activity: 322
Merit: 10
July 06, 2018, 10:37:16 AM
if I personally think that bitcoin can have a big impact on people's lives when the government begins to formalize it because by investing they can earn an income and directly the economy is helped by the existence of this bitcoin growing rapidly.

I agree with your point of view. Because investing bitcoin would mean getting people into business and it means that it could be generate income that probably helps to grow economic of each countries, most particularly to developing countries that their technology are inclining highly.
member
Activity: 166
Merit: 12
July 06, 2018, 05:15:54 AM
Unfortunately, many governments hamper the development of crypto in their countries. The reason is most likely the fear of losing control over the money issue.
member
Activity: 392
Merit: 10
July 06, 2018, 05:05:11 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?
It can be seen that bitcoin is getting a lot of attention from developed countries, with great benefits and security as well as fast transaction speed. Bitcoin is the trading form of the developed country . They use bitcoin and are looking for ways to control bitcoin transactions so that bitcoin can be more secure, more popular and easier to trade.
member
Activity: 336
Merit: 10
July 06, 2018, 05:04:34 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 my own opinion, bitcoins is very healthy for the growth of economy because it helps different people to earn more income monthly which they can use to sustain their daily needs.
newbie
Activity: 28
Merit: 0
July 06, 2018, 04:21:26 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?

It all comes to a question of what type of legal entity bitcoin will be: a currency, a comodity, your variant.
Some time will pass untill it will be used by significant amount of people for micropayments. Bitcoin right now is more of a store of value and looking at what is happening to financial world (Coinbase is making services for people starting with $100 million bucks accounts, NASDAQ and NISE crypto currency exchanges) we can assume it will be the most likely role of Bitcoin in the nearest future.
newbie
Activity: 84
Merit: 0
July 06, 2018, 03:53:18 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
member
Activity: 756
Merit: 12
July 06, 2018, 03:43:54 AM
I dont think bitcoin or cryptocurrency can disrupt economy in country. Cryptocurrency will helping and increasing productivity. We know that with cryptocurrency, we can save more cost for every transaction and with that eficiency, bussiness can expanding and creating more jobs
full member
Activity: 602
Merit: 100
DeFixy.com - The future of Decentralization
July 06, 2018, 02:09:22 AM
if I personally think that bitcoin can have a big impact on people's lives when the government begins to formalize it because by investing they can earn an income and directly the economy is helped by the existence of this bitcoin growing rapidly.
hero member
Activity: 1008
Merit: 540
July 05, 2018, 06:16:18 PM
Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country  Smiley

I think cryptocurrencies play a big and major role in helping developing countries improve their economies through transactions that are made by people who are venturing in the market. The good part about it is that even countries that are seemingly not technologically inclined are in the playing field of investing with cryptocurrencies including the above-stated countries. That is really a good development for cryptocurrencies because if people would see how useful the market is for developing countries, then they would believe that it's a really legitimate and profitable one.

Exactly , crypto currencies has a lot to offer in both economical and technological advancement of the country, It needs to be accepted and study carefully, It has a great future in making the lives of people more easier and productive, Crypto can provide jobs to people online, it is proven, there are a lot of ways in earning in crypto.
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
July 05, 2018, 04:19:12 PM
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?

Although, bitcoin has been accepted in some countries, it is yet to accepted in most countries especially the developing ones. They only say bitcoin will disrupt economy stability and cause inflation because they know they can not control bitcoin. Bitcoin is decentralized and so cannot be controlled by the government or any other body. The use of bitcoin will help improve the peoples' lives which will in turn improve the economy of the country. One should also know that bitcoin is a deflationary currency and so cannot cause inflation.
newbie
Activity: 66
Merit: 0
July 05, 2018, 04:07:14 PM
Bitcoins and others cryptocurrencies are a way of developing economy in emergent countries, as they allow another way to generate wealth and improve conditions of people, its a competing technology and competition always brings improvements.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
July 05, 2018, 04:00:23 PM
Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country  Smiley

I think cryptocurrencies play a big and major role in helping developing countries improve their economies through transactions that are made by people who are venturing in the market. The good part about it is that even countries that are seemingly not technologically inclined are in the playing field of investing with cryptocurrencies including the above-stated countries. That is really a good development for cryptocurrencies because if people would see how useful the market is for developing countries, then they would believe that it's a really legitimate and profitable one.
full member
Activity: 434
Merit: 105
ADAB ICO
July 05, 2018, 03:45:38 PM
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?

Bitcoins can develop a country in a positive way because if people are going to earn cryptocurrency then they will have an easier life since profit is very high in trading.
sr. member
Activity: 420
Merit: 250
July 05, 2018, 03:27:11 PM
Inflation is the measure of price increase within a set of goods and services over a period of time. the main causes of inflation are either excess aggregate demand or cost push factors. how can bitcoin cause inflation? bitcoing can create better opportunities for us.
jr. member
Activity: 196
Merit: 1
July 05, 2018, 01:59:14 PM
I don't think Bitcoin will necessarily bring inflation nor disrupt the economy. Moreover, inflation can always be controlled or balanced by a vibrant or working economy. In my opinion, bitcoin has the potential of even enhancing the economy through its ease and speed of transactions.
newbie
Activity: 129
Merit: 0
July 05, 2018, 01:01:27 PM
I do trust that Bitcoin and crypto innovation will upset the customary foundation in the vast majority of the segments. Be that as it may, it won't influence the security at all since this procedure will be in real life out of sight or say on the parallel level so fiat and keeping money framework won't influence medium-term. In any case, in the event that we consider the long haul situation then things will change topsy turvy if this change succeeds. Indeed, even governments are supporting Blockchain innovation and that will help the development of Bitcoin and altcoins too regardless of the administration's remain on the same.
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