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Topic: bitcoin in developing countries - page 23. (Read 3369 times)

sr. member
Activity: 938
Merit: 250
June 23, 2018, 11:44:34 PM
in my opinion, bitcoin may disrupt economic stability but will not affect inflation. investors can turn to digital currencies instead of investing in government programs such as infrastructure, transportation, local banks or services. so it will fascinate economic stability.
hero member
Activity: 1008
Merit: 501
June 23, 2018, 11:27:05 PM
Bitcoins in developed countries will be new and not as popular as the developed countries it will grow as the economy of that country ico projects will be new and really needed help for the fast growing economy


I do not think that the governments of the so-called developing counties are so much interested in the cryptocurrency. They are seeking for more fiat credits.
Not a government that interested in bitcoin. but their people. we know that developed and developing countries have a modern
society and many of them are already proficient in using the internet. and from that they can easily recognize bitcoin
full member
Activity: 448
Merit: 100
June 23, 2018, 10:56:34 PM
it is true bitcoin is now in the country more and more developed, especially in japan bitcoin already in the official even made transactions in transactions
newbie
Activity: 196
Merit: 0
June 23, 2018, 10:40:03 PM
Bitcoin has been introduced in countries where developing countries have extensive access to it. Bitcoin is the easy way of trading and trading as a digital currency. Through this simple trade has improved, which supports the development of the country.
full member
Activity: 360
Merit: 100
June 23, 2018, 01:03:23 PM
Bitcoin has a good response in many country. But it is mostly using now on developed countries. Unfortunately poor countries are not using bitcoins as much using developed countries.
Bitcoins can be a good way to overcome their financial crisis and also help to built a strong economic in those countries. Bitcoins provide its mining  help in those country to create their own bitcoins its specially a good opportunity. So there is a good opportunity specially developing country to overcome there poverty through bitcoins.
newbie
Activity: 50
Merit: 0
June 23, 2018, 11:32:13 AM
Unfortunately, in case of Television, the media channels are showing only negative things about crypto. This needs to be changed if we want crypto to be mass adopted.




I think developing countries have the idea that decentralization can affect the average growth of the country and may make it decline. They will not experiment, but have an understanding of the rumors spread by the media and other sources. This will change when one of the countries with bitcoin adoption makes a big change in their growth percentage.
Developing countries are very scared compared to other countries, because of the decentralization system.
member
Activity: 280
Merit: 10
June 23, 2018, 11:09:26 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?
The government leadership from different countries have their own different views regarding bitcoin the others believe that bitcoin is not good in economy so they ban crypto currency while the others believe that it is very helpful for the growth of economy so they let crypto currency working freely. But I don't think inflation can be the damage result of bitcoin because inflation is always a problem since then when crypto is not yet discovered.
MMA
legendary
Activity: 1134
Merit: 1000
June 23, 2018, 10:50:47 AM
Bitcoins in developed countries will be new and not as popular as the developed countries it will grow as the economy of that country ico projects will be new and really needed help for the fast growing economy


I do not think that the governments of the so-called developing counties are so much interested in the cryptocurrency. They are seeking for more fiat credits.
Yes currently its look like that government of developing countries are not too much interested in bitcoin, in fact the do not have any idea about crypto currencies and its benefits, i think that it will take some more time when the people and even the government of so called developing countries understand the importance of bitcoin and other crypto currencies.
newbie
Activity: 117
Merit: 0
June 23, 2018, 10:17:36 AM
if in the country of Indonesia bitcoin not yet developed, because that knows bitcoin not too much, maybe if 1 year to come bitcoin will surely bekembang improve.
member
Activity: 149
Merit: 11
BTC loans -> tinyurl.com/tracy-btc-loans
June 23, 2018, 09:48:58 AM
have read about east European country Belarus, they legalized cryptos and ICOs in order to attract foreign investments.  Succeeded they in that or not I don't know.
member
Activity: 322
Merit: 10
June 23, 2018, 09:18:40 AM
actually if the government is friendly with bitcoin, it is not impossible that the state will get a lot of money from the transaction tax bitcoin, it is a small tax transaction and can be determined sender, the government can benefit if it can cooperate with miners in the country to levy taxes there and use it for development in the country
full member
Activity: 308
Merit: 100
June 23, 2018, 08:41:47 AM
I don't think so that it will directly impact to each region economy situation. It is not like 80% crypto investor in a region is all whale, many of us still new or still having small amount of asset. Bitcoin in developing countries definitely not affecting any of group/ region economical situation. But, it is affecting your own personal economical situation.
full member
Activity: 651
Merit: 103
June 23, 2018, 08:18:25 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?
The bitcoin is popular in developing countries, actually; there are now many businesses and stores who are now accepting bitcoin as payment. There is high possibility that the cardless society will happen.
newbie
Activity: 78
Merit: 0
June 23, 2018, 07:34:55 AM
I think the cryptocurrency will not affect our economy because some countries in the world now recognizing it and make it legal.
newbie
Activity: 224
Merit: 0
June 23, 2018, 07:19:32 AM
I think bitcoin is a good investment in developing countries. We may see how much potential bitcoin could give in those countries that is not having a good economic status.
hero member
Activity: 756
Merit: 500
June 23, 2018, 06:54:35 AM
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.
full member
Activity: 756
Merit: 100
June 22, 2018, 09:36:08 AM
Bitcoins in developed countries will be new and not as popular as the developed countries it will grow as the economy of that country ico projects will be new and really needed help for the fast growing economy


I do not think that the governments of the so-called developing counties are so much interested in the cryptocurrency. They are seeking for more fiat credits.
newbie
Activity: 22
Merit: 0
June 22, 2018, 09:21:11 AM
Lets talk about China:

China is home to about 70% of the total computing power dedicated to bitcoin "mining" -- that is, creating new units of the currency by solving complex math problems with sophisticated software. A clampdown on mining in China,
 achieved by pinching off electricity supplies essential to the power-hungry process, could drive up costs and fundamentally reshape the bitcoin market.
full member
Activity: 280
Merit: 102
Revolutionising Marketing and Loyalty
June 22, 2018, 09:16:45 AM
Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Yeah we know that almost everyone in the developing world is already connected to the internet and they have their own gadgets. so do not be surprised if the development of cryptocurrency in developing countries is very rapid. while poor countries are very difficult because many of them do not understand about technology
Besides developing countries now less developed or under developed countries is also negotiating on the crypto market with their central banks and other countries about its affects and future.

Countries who recognized are the most developed countries are they are doing well with this fast system and using as a source of investment. This will make other countries to adopt this currency so that they may be able to make better their economies.

Developing countries are always wary of technologies from the developed countries until they have been tested time and time again. They say they're doing so because of security reasons or the like.
full member
Activity: 476
Merit: 100
June 22, 2018, 09:11:48 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?

FIAT for now is more stronger than cryptocurrencies, thus it cannot deny that possibly in the future, cryptocurrencies will be more commonly used rather than the traditional FIAT. Yes, in fact some developed countries already uses bitcoin and accepts bitcoin at some of their establishments, yet some risks are to be entailed when you are using it as a medium, there are also risk management ways in order for it to be minimize or eliminated.
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