bitcoin in developing countries - page 18.

Savemore

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

The term bitcoin in some developing countries are now popular. In my country, there are now many people who becoming interested to what is bitcoin. They are aware to the benefits that the users can get from using it.

bennie4

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

You may find that in developed countries bitcoin has been recognized and is coin as a currency to be traded and for legitimate circulation, people are very coin by bitcoin by the security of payment and other The great benefit it brings. You can stick at anytime with just a click and do not take care of carrying or security.

Stavri

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i dont think bitcoin has any major effect in my country. because there are not so many people aware about crypto market. and there are really so few people that invest big amount of money in bitcoin.

llyfee4u

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Bitcoin is like gold rush in many developing countries. What it does is, it gives many the opportunity to get involved and make a living by virtue of being involved in crypto even without any sort of fiat investment. If consider how far, say a $5 airdropped coin or token will go in some countries, many are now involved in cryptos in general with hopes of converting their rewards into bitcoin. In fact, I've heard of some success stories of people who have completed changed and turned their lives around as a result of involvement in bitcoin. I doubt that the popularity of bitcoin in developing countries would disrupt financial stability because unlike in the west, there isn't massive amounts of fiat investment coming from those countries due to low levels of disposable income.

Crypto24hrs

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When the economy of a country is down one of the practical measures the country will take is to inject more capital into the hand of its citizens to encourage investment and local production to boost the economy and incidentally bitcoin plays this role of injecting capital into the hands of the public thereby encouraging local production and investment which is what most developing countries need so bitcoin is friendly to developing countries.

justicesquadron

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Bitcoin is a big deal when it comes to developing countries because it’s one of the ways that the people are able to get out of poverty because we are currently knee deep in it right now. People have been able to establish business by just investing into bitcoins alone.

naveenchandradasa

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Yeah, I agree with it. BTC Bitcoin is very suitable currency for Mid-level developing countries such as East Asia and Latin American countries. Because it is the very safest way of doing businesses and any other money transactions. In still developing countries not have enough resources to trade or do businesses with BTC. so I recommend that is the very safest and suitable way to do businesses and trades still developing mid-level countries. thank you.

pujarihema

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Governments are worried that bitcoin will disrupt economic stability, there would be price manipulations which is true, and there would be a lot of scams which is also true. That'a why developing countries are conservative when it come to crypto.

bajingluncat

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if direct impact I think it will not happen in the near future, let alone inflation, because I know many factors that affect, every btc transaction can not be detected by the tax system, but that does not mean the economy will be destroyed, even I think with the btc can increase the income of the people so that it can boost purchasing power, with increasing purchasing power then the country will be free from inflation, so I think btc it will not cause inflation but can even improve the lives of every user

HasiViraj

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Not so much. First of all, if bitcoin exaggerates anything later on then I am almost certain that it will get restricted totally from the substance of the earth. The reality of getting fiat supplanted with the digital currency has long gone now on the grounds that bitcoin is developing with awesome speed and that isn't being loved by the administration itself. I am almost certain on the way that bitcoin will never at any point convey the expansion to the national economy. Rather it could flatten thinking about its exceptionally decentralized nature.

Sled

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Bitcoin- in bullish time

Quote from: coynedterm on July 02, 2018, 03:09:20 AM

Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Actually it is big concept for the people who are not in the developed countries , for them it will be big thing to decide whether to go with the bitcoin or not , I mean to say that in the present time people are not stupid , they will surely see the history and present time condition in different different countries whether it is better to have or not , and finally they will find only one answer that is yes they should have bitcoin in use in their life .
And I am here sure that one day bitcoin will be universal payment system where no one will be able to stop bitcoin progress and may be it can join the economy of the whole world and everyone will be free to do work in the world without any limitations .
But here need to keep the main point that what will be the point of view of the governments of the developing countries

Bitcoin is already a payment which is universal and it is just waiting for the other countries to adopt bitcoin so they can start getting payment and also transferring money to the other country for debt payment and other type of payment which is an efficient way since the transfer will become faster than they expect.

coynedterm

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Actually it is big concept for the people who are not in the developed countries , for them it will be big thing to decide whether to go with the bitcoin or not , I mean to say that in the present time people are not stupid , they will surely see the history and present time condition in different different countries whether it is better to have or not , and finally they will find only one answer that is yes they should have bitcoin in use in their life .
And I am here sure that one day bitcoin will be universal payment system where no one will be able to stop bitcoin progress and may be it can join the economy of the whole world and everyone will be free to do work in the world without any limitations .
But here need to keep the main point that what will be the point of view of the governments of the developing countries

Miha Kot

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Some countries have banned bitcoin because it can cause the government to lose most of its revenue.

kevpantof

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Quote from: aspalela on June 28, 2018, 03:45:57 AM

in my opinion No other currency has developments in such a short time as bitcoin, using bitcoin as payment is illegal and they are too worried that bitcoin will disrupt economic stability in our country whereas before people in my country know bitcoin, the economy in the country I am not good and continue to deteriorate in a few years, so I think bitcoin does not adversely affect the economy of a country.

Could not agree more because it has been only a decade and Bitcoin has spread so much. Besides, it offers so many advantages that were not even offered by dollars. One of the best things I love about Bitcoin is its general acceptability and the way It is used as payment is amazing. But unluckily in developing countries the thing is otherwise. People hardly know Bitcoin and few are aware of it.

InKiTy38

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In bitcoin developed countries that are highly trusted by the users and see them as their currency, they can freely trade as well as they may have policies that actively influence the market.

kisscoin

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I believe that bitcoin will not violate the economic sphere of the country, but completely change it, and only for the better. Those countries that will go to a meeting or even introduce their own cryptocurrencies within the country will only become richer and will definitely prosper.. It is a pity that many do not understand... Undecided

Gab23

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It is possible that bitcoin could effect to the stablity of county as this is new concept to the worker of country and this makes people lose money at sometime. However, This will become stable at time passes as gold just did

poonampawan

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Bitcoin is inflationary and there is no doubt about it but it can't disrupt the economy of any country because size of the economy of any country is much larger than the marketcap of Bitcoin. But it sure can make some movement in there.

jak3

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I will especially refer to this topic in the third world countries. Most of the third world countries are going to have a lot of profit from cryptocurrencies in the near future and right now most of the people in a third world country are not well aware of it. I don't think even at my place any people will understand Bitcoin. People will learn about Bitcoin and other cryptocurrencies very soon we are just waiting so that many peoples can start up their businesses which can inspire more and more people and when they will join the network they will understand the concept of Bitcoin.

Sakash

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For a developing country, bitcoin has many positive effects in the economy. Most people in the developing world are unemployed. This reduces the per capital income. Bitcoin is playing a big role in developing countries.Bitcoin eliminates your unemployment problems and helps in earning money.

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