bitcoin in developing countries - page 24.

omitusaf

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Quote from: haroldtee on April 27, 2018, 01:10:00 AM

Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.

Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

The governments fear that bitcoin and cryptocurrencies will render the fiat system useless. Nobody wants to hold fiat when it's value is depreciating with respect to other currencies.

Monnt

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Quote from: deppil on June 21, 2018, 02:05:36 AM

Quote from: Coinredd on June 18, 2018, 10:02:16 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.

BlueStackz

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Quote from: btctalk123 on June 20, 2018, 01:38:46 AM

I think that government and mass media, television are having a great affect on humans beliefs about bitcoin, so they handle big power to use it for good, or for bad.

Bitcoin in developing country is pathetic. It has been banned in so many countries and is illegal for the people to invest in it. Besides, the TV and media also need to show the benefits of the currency but in underdeveloped countries, it is rather considered something not important. But the European and American are enjoying the great services and using the technology to make the daily lives easy.

jademaxsuy

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It is good to have a bitcoin or any crypto in the developing countries because it gives the chance to get a profit in a smaller scale unlike those rich country that are investing huge money to get more profit. However, if you had that kind of money it would be difficult and risky since there are individuals that do know how to hi jack exchanges and digital wallets. They should be careful on their investment.

kolesni

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In developing countries, majority is still unaware about bitcoins. From those who have heard and know about bitcoins, most are still neutral and do not buy.

Saiful Islam777

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Bitcoin is a step that can lead to the speed of life of people. When the quality of life of a country moves towards improvement then the country is in the process of development. So I think Bitcoin plays a role in the development of a country.

Lexurdania

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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?

I dont think bitcoin will disrupting stability on our economy. In fact, bitcoin offering new economy system with transparant ledger and can bring economy more stable. We know that all this time, inflation always reducing our asset and bitcoin offering new economy model that bring our asset increasing

Tukmol29

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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.

btctalk123

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It was anticipated, that mostly developed countries would be first to accept cryptocurrencies because they are more ready for the changes that crypto brings with it

ss890

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Yes there could be big inflation because of this currency in the developing countries and there is one underway within India. They dont even understand how beneficial it could be when crypto currencies will be added into the national treasure. Instead of starting to use the blockchain technology they are now getting against it and trying to cease the crypto exchanger related bank accounts. That is really worst decision and I guess using the crypto currencies they can bring good but instead of its all going the other way round. This has created panic and inflator situation within the country as they want to earn from it but government doesn't seem to understand that one.

cherrymobile

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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?

Bitcoin is must introduce in developing countries cause bitcoin can use to theirs is the true but we should do that. The only way I think yes cause we all know, and technology e eh hahaha!! the right direction, a new cryptocurrency that you have a good news. I support cryptocurrency and it you will do.

eastgrand

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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.

MAJICOIN

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Bitcoin is good for every country but developing countries are also accepting bitcoin and most of the population of developing countries are using bitcoin and also it is helpful to them to be succeed in the future.

Semaj123

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Quote from: deppil on June 21, 2018, 02:05:36 AM

Quote from: Coinredd on June 18, 2018, 10:02:16 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

I do agree with you, cryptocurrencies is increasing as the years goes by. It just mean that people are now getting to fully understand how great is the technology to our economy. Bitcoin continuously been discussed by some countries due to its very rapid growth which the government are starting to get more curious to what they will do with the crypto.

Elmughni

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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?

I think criptocurrency will not affect a country's economy but it will help improve the economy of the people in search of income, as in my country criptocurrency is very influential on the economy not here but it is some banks that have not understood a little fear that criptocurrency will have an effect on their system. Crypto currency will increase the income of its users. So, Crypto will effect the financial economy.

shainasaz

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Bitcoin is very useful and helpful to make our country developing in everythings especially in the poor people who may help to make their life happy and contented so don't worry if you work harder this will be happen.

deppil

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Quote from: Coinredd on June 18, 2018, 10:02:16 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

PerLasz

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We should not think the government as one governance in the world. There are differences of culture and mindset. Situations of the people and country should be considered before letting bitcoin take in the land or not. Government knows what should be good for their citizens.

makolz26

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Quote from: jakoylantern on June 21, 2018, 12:51:49 AM

For me, some countries are adopting the digital currency because they know that this kind of technology is very helping and convenient to many people and establishment. But I think that this state will create their own cryptocurrency so that they can control it in the and can make in centralized compared to bitcoin that is decentralized and uncontrollable. Also, there is some nation that is almost cashless, and I think that is the actual future of currency.

Just like here in our country where it is treated as one of the greatest invention of all time, and actually our government are planning good things so that my fellow countrymen will adopt this kind of change as well. They were planning to conduct free seminar so people will be informed.

jakoylantern

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For me, some countries are adopting the digital currency because they know that this kind of technology is very helping and convenient to many people and establishment. But I think that this state will create their own cryptocurrency so that they can control it in the and can make in centralized compared to bitcoin that is decentralized and uncontrollable. Also, there is some nation that is almost cashless, and I think that is the actual future of currency.

Topic: bitcoin in developing countries - page 24. (Read 3371 times)