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Topic: bitcoin in developing countries - page 28. (Read 3369 times)

jr. member
Activity: 336
Merit: 2
June 10, 2018, 10:02:51 AM
Bitcoin is currently playing a very important role in developing countries. Because of the bitcoin, people are earning good amount of money as well with the help of btc the country is becoming more digital and also the country is connecting with other countries and sharing their businesses with each other.
member
Activity: 590
Merit: 39
June 10, 2018, 09:57:34 AM
According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.
That is strange to hear that news as the amount of the users in developing countries are much lower. What will they do if they will not adopt this advanced technology. I think it is because of the lack of education about bitcoin in these countries. It is required by the governments of these states that they provide education of modern technology to their citizens.

people don't even have access to internet or computers in some places
member
Activity: 590
Merit: 39
June 10, 2018, 09:55:49 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.

since they have banks, visa as sponsors... this is hard to change
full member
Activity: 378
Merit: 100
Adoption Blockchain e-Commerce to World
June 10, 2018, 09:49:27 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?
      I don't think bitcoin or any other crypto currency has    something to do with the inflation  of the country instead I think the cause  of inflation is because  of the gross profit that the country is processing
member
Activity: 98
Merit: 10
June 10, 2018, 09:42:59 AM
Inflation in the country depends primarily on the actions (inaction) of the Government, and not on bitcoin. Bitcoin is good because it is anonymous and decentralized. This means that it can be invested regardless of the country of residence.
full member
Activity: 1610
Merit: 103
The OGz Club
June 10, 2018, 09:09:04 AM
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.

economic stability I think it has helped. because the economy in the country sometimes has problems. but such a thing also has nothing to do with the state of inflation in every country.
full member
Activity: 401
Merit: 100
June 10, 2018, 08:48:03 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!

In a developing country bitcoin will be usefull, in order to catch up to other country in terms of transaction and payment of currency, it will be a great help
newbie
Activity: 238
Merit: 0
June 10, 2018, 07:46:24 AM
Bitcoin developing country to invest. Bitcoin TV and online through with people, especially have been known to.So people Bitcoin want to know what and if it unto them, the application if they instead of investment will? Good Bitcoin government silent should not be, they think Bitcoin economic stability disruption and the land of inflation will be.
sr. member
Activity: 1596
Merit: 335
June 08, 2018, 04:25:48 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 our country, the government is starting to raise awareness to people about the risk of cryptocurrency investment and it's risk to people with regards to it's high risk in scam. This is good, since more and more people in our country is starting to hear and learn about cryptocurrency. I think the government is responding to it in a good way since they approved it to be used as a means of remittance.
newbie
Activity: 210
Merit: 0
June 08, 2018, 08:12:11 AM
The government through the legal field can influence money and the economy, when the state introduces high taxes, then business goes into hidden assets, for example, a crypto currency. If viewed from the point of view of the state, the crypto currency can be an excellent solution for circumventing sanctions  Tongue
newbie
Activity: 112
Merit: 0
June 08, 2018, 12:25:53 AM
Yes,bitcoin is developing in every country because of the good price so that bitcoin become popular and known in every people and i think theres a big chance to become a legal in every country because of the safety and easy to transact so that people want to develop  continuesly the bitcoin.
Today I see some developing countries they are approaching the BTC, maybe some of them see the potential that the BTC gives the economy, some countries are still struggling because they think BTC is a bubble coin. There are many risks for their country. so depending on the country.
newbie
Activity: 210
Merit: 0
June 07, 2018, 11:16:31 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 very perfect for a developing countries today.... It is very useful and very great in developing the economic status of our country.....  But to make it happened the government should need to legalize it.... If the government are the one who pursue and promote Bitcoin in every country it will be better....  All of us is free to learn about bitcoin because as for today it is very great....
newbie
Activity: 41
Merit: 0
June 07, 2018, 10:02:30 PM
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.
member
Activity: 241
Merit: 11
June 07, 2018, 09:55:31 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 don't think so. As a matter of fact bitcoin wouldn't have any effect in a certain country's economy. Because it is decentralized and no one could gain or lose in the process but only bitcoin. That's the common misconception by countries that illegalize bitcoin in their territory, tgey think that because you pump your national currency in the system, you are making bitcoin powerful and the country you live in weaker.
full member
Activity: 460
Merit: 100
June 07, 2018, 09:40:54 PM
Yes,bitcoin is developing in every country because of the good price so that bitcoin become popular and known in every people and i think theres a big chance to become a legal in every country because of the safety and easy to transact so that people want to develop  continuesly the bitcoin.
hero member
Activity: 644
Merit: 500
June 07, 2018, 07:32:36 PM
According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.
That is strange to hear that news as the amount of the users in developing countries are much lower. What will they do if they will not adopt this advanced technology. I think it is because of the lack of education about bitcoin in these countries. It is required by the governments of these states that they provide education of modern technology to their citizens.
sr. member
Activity: 1428
Merit: 252
June 07, 2018, 07:16:24 PM
According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.
member
Activity: 308
Merit: 10
June 07, 2018, 07:07:37 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

In short, Bitcoin is typically a factor of economic growth in some countries. But do you think bitcoin can be consider to be classified as a underground economy income source? Maybe it depends but if we are to consider things, in developing countries, maybe bitcoin is legal and also has been taxed. So if individuals, earn money through bitcoin then they will pay taxes with percentage. But here in the Philippines, it is not. That is why, increase in purchasing power is increase because people get some income from crypto.
Yes bitcoin is legal in developing countries and that's why they want to pay in bitcoin everywhere because bitcoin is secure currency and very soon it will more improve by their government and i think other countries will also accept this currency because it is also very beneficial currency for economy of a country.
sr. member
Activity: 547
Merit: 253
June 07, 2018, 06:52:23 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

In short, Bitcoin is typically a factor of economic growth in some countries. But do you think bitcoin can be consider to be classified as a underground economy income source? Maybe it depends but if we are to consider things, in developing countries, maybe bitcoin is legal and also has been taxed. So if individuals, earn money through bitcoin then they will pay taxes with percentage. But here in the Philippines, it is not. That is why, increase in purchasing power is increase because people get some income from crypto.
sr. member
Activity: 742
Merit: 397
June 07, 2018, 06:29:47 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 actually an asset that could help the growth of bothe the economy and the society so we must just grab the opportunities offered by it and let's just embrace the possible changes that it could offer us. This digital currency could bring a lot of changes in a certain country.
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