bitcoin in developing countries - page 21.

MMA

legendary

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Quote from: setupbounds on June 26, 2018, 02:44:05 AM

Quote from: richkellj on June 23, 2018, 05:54:35 AM

Quote from: eastgrand on June 21, 2018, 11:24:38 PM

I don't think Bitcoin will cause inflation in developing countries. That's more affected by other things, in particular how the country is being ran by the politicians.

That is the main thing how the politicians run the countries that are developing. Almost all of them are corrupt elites and loot billions out of the economy for their personal interest and this has been happening since long which has led the countries into nothingness. So there is already inflation and the common people do not even know what Bitcoin is because majority of them have banned the currency in the countries.

Many countries have adopted the Bitcoin especially the developed countries and going well with it, it has increased the economy rate due to its value and easy transactions system. We know that with valuable product we can earn a lot and especially in this modern world everyone is ready to accept the Bitcoin.

Recently Germany also realized that it is important for economy and therefore they recognized it which is good news for the Bitcoin and the people living in Germany.

Yes the trend of using bitcoin in developing countries is now increasing. I belong to an underdeveloped country and in my country i can see that most of the people are now taking interest in bitcoin, A few years before when i started investing money in bitcoin at that time no one was ready to invest their money in bitcoin, as they considered bitcoin as a scam, but now they have realized the importance of bitcoin and therefore they are now taking more interest in bitcoin to invest their money.

lanalang

member

Activity: 227

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Also what is amazing for me, one of the greatest things that making bitcoin more popular, is the people. They're always suggesting each other to move into crypto. I have a mate who is telling me to quit my job and work here, lol.

verziagra

newbie

Activity: 210

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If a government in a country implements a bitcoin holders tax law I think it will benefit the country. holders of bitcoin or crypto are required to pay tax according to the provisions in their respective countries. the tax can be used for economic stability in a country.

jonhsongotti

jr. member

Activity: 252

Merit: 1

I do not think so. Bitcoin is one of the most outstanding inventions of the 21st century. Bitcoin brings somethings what the now currency can not bring. In addition, blockchain technology has many applications in life such as: health, education ... I think bitcoin may be the future of world currency.

peterpeterpeter

newbie

Activity: 167

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Bitcoin is have a big role in the economy of our countries..
Because there is a possibility of good economic growth and help it's citizens earn an extra income which is a chance to reduce its problem especially poverty .

Beck09

newbie

Activity: 25

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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?

Bitcoin is a wonderful opportunity. Developing countries need all the help and opportunities that can have to offer hope to its youth. Bitcoin would help the youth and in return improve economies.

But if the requisite transition structures aren't put in place, this blessing in other parts will be a curse for developing countries.
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?

feinter

sr. member

Activity: 469

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Quote from: NevejElad on June 27, 2018, 06:22:04 AM

Quote from: stellgod on June 27, 2018, 06:01:39 AM

Quote from: fishball on June 24, 2018, 07:41:52 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?

I think bitcoin will not affect economic stability in a negative way. It might actually the other way around.

Besides under develop countries many developed countries are using the Bitcoin for transactions and as a source of investment and are getting huge benefit of it. These countries are using it because it is in their benefit and Germany has added more to it as it realized and recognized the Bitcoin recently. Their economies have improved a lot with it because it is more valuable than other currencies.

Bitcoin ,I believe can really help developing countries, in way through the jobless people so that they can earn livelihood in order to help its economy, the way they can participate is to have a mobile phone and get connected to the internet , so that they can join the world economy, and one these is bitcoin in which they join the participation of bounty campaign to earn rewards.

Bitcoin have the potential to change the lives of some of the world’s poorest and most desperate people for the better. Cryptocurrency can improve lives by helping residents of developing countries participate in the global economy and escape from poverty.

NevejElad

newbie

Activity: 126

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Quote from: stellgod on June 27, 2018, 06:01:39 AM

Quote from: fishball on June 24, 2018, 07:41:52 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?

I think bitcoin will not affect economic stability in a negative way. It might actually the other way around.

Besides under develop countries many developed countries are using the Bitcoin for transactions and as a source of investment and are getting huge benefit of it. These countries are using it because it is in their benefit and Germany has added more to it as it realized and recognized the Bitcoin recently. Their economies have improved a lot with it because it is more valuable than other currencies.

Bitcoin ,I believe can really help developing countries, in way through the jobless people so that they can earn livelihood in order to help its economy, the way they can participate is to have a mobile phone and get connected to the internet , so that they can join the world economy, and one these is bitcoin in which they join the participation of bounty campaign to earn rewards.

stellgod

full member

Activity: 659

Merit: 101

Quote from: fishball on June 24, 2018, 07:41:52 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?

I think bitcoin will not affect economic stability in a negative way. It might actually the other way around.

Besides under develop countries many developed countries are using the Bitcoin for transactions and as a source of investment and are getting huge benefit of it. These countries are using it because it is in their benefit and Germany has added more to it as it realized and recognized the Bitcoin recently. Their economies have improved a lot with it because it is more valuable than other currencies.

setupbounds

hero member

Activity: 910

Merit: 509

Quote from: richkellj on June 23, 2018, 05:54:35 AM

Quote from: eastgrand on June 21, 2018, 11:24:38 PM

I don't think Bitcoin will cause inflation in developing countries. That's more affected by other things, in particular how the country is being ran by the politicians.

That is the main thing how the politicians run the countries that are developing. Almost all of them are corrupt elites and loot billions out of the economy for their personal interest and this has been happening since long which has led the countries into nothingness. So there is already inflation and the common people do not even know what Bitcoin is because majority of them have banned the currency in the countries.

Many countries have adopted the Bitcoin especially the developed countries and going well with it, it has increased the economy rate due to its value and easy transactions system. We know that with valuable product we can earn a lot and especially in this modern world everyone is ready to accept the Bitcoin.

Recently Germany also realized that it is important for economy and therefore they recognized it which is good news for the Bitcoin and the people living in Germany.

vik254

newbie

Activity: 56

Merit: 0

Bitcoin and other cryptos have been received well in most developing countries. this is due to the exploitation and the high inflation being faced in most 3rd world countries. with the introduction of crypto, people will be able to monitor all the cash being spent by the government in a public ledger which is open to the public. this will play a key role in reducing corruption in most nations. besides being attractive to most people, there are many challenges being faced by many people who would like to adopt it.

one key issue is the accessibility of the coins. a number of people do not really know how best they can acquire bitcoin and other cryptos in a safe way.

the high change in market rates is aslo considered to be a risk by many. most business persons cannot embrace the use of crypto because of they can easily loss the cash in case of a market correction.

arlinxoha

full member

Activity: 402

Merit: 101

Arianee:Smart-link Connecting Owners,Assets,Brands

Yes, Bitcoin is being used in developing countries. They almost all used Bitcoin. As a result, the developed countries are getting better. I think the use of Bitcoin will not harm the developed countries. Even Bitcoin will help the country to overcome their financial crisis. Bitcoin will improve financially.

dolon_r12

newbie

Activity: 182

Merit: 0

Bitcoin is used in more developed countries. Developing countries are technologically advanced and so they can easily understand which future will improve thire future. And everyone in the developing countries knows that their future will be brighter with Bitcoin.

manfredmann

member

Activity: 518

Merit: 21

Nope the government wants only the welfare of its constituents and the possible shortcomings like to be used as a transactions to any illegal activities. Government nowadays are just doing their job like here in the Philippines the government effort takes place to neutralize the possiblities that cryptocurrency will be use in illegal activities so local exchange which is coins.ph was given a license to operate in return this exchanges should do KYC to establish a report on those people that are having huge transactions on it. ICO projects also should be registered to avoid scamming people in the process of collecting crowd's fund.

JRoa

full member

Activity: 528

Merit: 100

Most of the citizens in the developing countries are now aware to what is bitcoin. They know the opportunity that they can get from making investment with bitcoins. I am sure that many more people will become interested to enter in the cryptocurrency market.

tutakhamunba

newbie

Activity: 57

Merit: 0

Quote from: bitllionaire on June 24, 2018, 05:31:43 PM

Quote from: udanemas on June 24, 2018, 07:02:44 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?

In my opinion, I think bitcoin will not disrupt the economy because the transition from paper money to crypto will not be so fast and also while this transition will happen, there will be transition between institutions as well. It will be happen in the future.

Although it is a very slow process, but it will continue becoming popular regularly, because now we can see that even in backward countries people have started taking interest in bitcoin. Bitcoin is hopefully bring a very positive impact on the economy of the developing countries, because bitcoin is the currency of the new era and the new generation will take more interest in bitcoin.

The governments of many countries are talking about the 4.0 IoT era. And Blockchain is one of the most important parts of it. It's hard to explain the technology of Bitcoin to normal people, but it's easy for everyone to use Bitcoin for the transaction.

csefarhad

newbie

Activity: 196

Merit: 0

though in developing countries bitcoin is a invisible currency,it has own potentialities most of the developing and under developing countries currency is taken and given by the computation of bitcoin. the use of bitcoin is observed in that countries.it keeps a great effect in such countries.

tazman

member

Activity: 185

Merit: 10

People are like investigators when their point of interest is being hit, so when people learned more about Bitcoin in the future they will invest even with small portion and try to use it or make progress, and if everything turns right then they will invest more.

mrsimons121

member

Activity: 182

Merit: 10

I dont think that bitcoin will disrupts the economy stability, since it is a crypto currency and has nothing to do with an inflation in a country. Every govenrment should take care their own economics.

rakibpintu

newbie

Activity: 59

Merit: 0

bitcoin is biggest in crypto currency. but many countries do not allow for it his countries because they thought it illegal. but there have lot of countries using it any doubt any hesitation. and dealing in bitcoin. or bitcoin spreading around the earth so we should keep with it coin. we need to grow up this coin and spreading.

Topic: bitcoin in developing countries - page 21. (Read 3371 times)