bitcoin in developing countries - page 31.

Syakir1989

jr. member

Activity: 172

Merit: 3

Quote from: cutikanzilong on April 26, 2018, 09:16:03 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 do not think there will be inflation because inflation is not by bitcoin ..
many are causing inflation but I do not think bitcoin will cause inflation but bitcoin helps the economies of developing countries ..

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

How can there be inflation due to the presence of Bitcoin? Bitcoin is not very widely used for retail shopping. It is mostly used for the purchase of altcoins and ICOs. So I don't think that it will be having any impact on the inflation rate.

Roomshambles

newbie

Activity: 130

Merit: 0

It seems that bitcoin can indeed disrupt the economic situation of a country if it goes in without any rules or regulatory things. A very high but anonymous bitcoin value will make some people confused and unbelieving, much less anonymous bitcoins are often misused for an illegal act. This will cause economic turmoil in a country.

buburjelly

newbie

Activity: 62

Merit: 0

Economic stability of the country will not tergangnggu if the government to make the regulation husus related bitcoin inflation will not happen because the government can still control the movement of bitcoin prices that affect the price of fiat money

Mylove risa

newbie

Activity: 29

Merit: 0

Quote from: cah ndablek on June 04, 2018, 12:46:03 AM

If disturbing it depends on the attitude of the user like what in the future so that the government is in need to anticipate the bad thing when bitcoin start inaugurate it and still make use of local currency as a legal means of payment until whenever.

The fact that bitcoin is spread in many developing countries. This will be a huge help for developing countries, they can increase their economic growth. Bitcoin can provide a solution to that, maybe they can try to use the currency and make the most of it.

@hosimanaka

newbie

Activity: 154

Merit: 0

At present, I see that the MOFs in developing countries do not care about the MOF. If they are not interested in the MOF, they are not quite accurate enough to meet the BTC requirement for the economy. for their people. So they left people wanting to join the BTC on foreign exchanges.

manismanja

member

Activity: 518

Merit: 11

I see in my country already many who developed the world of cryptocurrency and I also see many countries that have started to develop digital currency and created many new cryptocurrency from various countries.

kisscoin

newbie

Activity: 196

Merit: 0

Bitcoin can only give ordinary people the opportunity to become richer and financially independent. This scares the government, so they are hindered... Angry

spongegar

full member

Activity: 476

Merit: 100

Fact, the cost of living in a developing country is very low, ao a dollar can really go far there. Payments and income from crypto currencies is low but not low enough to make a person from a developing country not to consider it full time. The money from crypto currency can make one retire and have a family.

btctalk123

full member

Activity: 274

Merit: 100

In my country people and even government is understanding that bitcoin can be highly positive and useful for the economy and wealth

ttking

member

Activity: 324

Merit: 10

The government through the legal field can influence the value of monetary units and other things and services. If the state has legislated high taxes, then the business, in turn, can hide assets in the crypto currency, which will positively affect its value.

ylnar123

member

Activity: 350

Merit: 10

Quote from: ?? on ??

In my own opinion, I guess thats not true with bitcoin. Because as far as I know, cryptocurrencies 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.

Hyperinflation, poverty, lack of jobs, lack of access to banking, lack of capital, and poor access to markets are among the problems that bitcoins can help people in developing nations solve. This will be achieved by giving everybody in the world access to modern banking and financial services through the blockchain.

There are now many entrepreneurs, economists, aid officials, and bankers who believe a combination cryptocurrency and mobile phones, will give the world’s poor access to the global economy.

Indeed, but it will only materialize if the people living in such poor country willing to be educated and eager to learn what Bitcoin and cryptocurrency can do to their lives. It is not as easy as 1 2 3 when we talk about educating people about crypto, so it needs a thorough planning on what to do to instill the knowledge we have to share to the public.

cah ndablek

full member

Activity: 448

Merit: 100

If disturbing it depends on the attitude of the user like what in the future so that the government is in need to anticipate the bad thing when bitcoin start inaugurate it and still make use of local currency as a legal means of payment until whenever.

thegreatdodoy

newbie

Activity: 112

Merit: 0

Quote from: Maame Esi Sergio on June 03, 2018, 06:20:26 PM

Exactly, news about bitcoin really spreads faster than anything in the business news. Many people are gradually becoming aware of the potentials of bitcoin and would like to engage in bitcoin matters. In the developing countries, standard of living and unemployment rate are very high and so many devote their time to learn and engage in matters of blockchain technology to earn a living.

bitcoin is really better when investing to developing due to its digital technology that help boost bitcoins widest coverage

Maame Esi Sergio

newbie

Activity: 112

Merit: 0

Exactly, news about bitcoin really spreads faster than anything in the business news. Many people are gradually becoming aware of the potentials of bitcoin and would like to engage in bitcoin matters. In the developing countries, standard of living and unemployment rate are very high and so many devote their time to learn and engage in matters of blockchain technology to earn a living.

xbl1008

full member

Activity: 322

Merit: 103

bitcoin in developing countries may face a hard start introducing crypto currencies to its citizens because its something new for them and possible hard to understand because of their lack of exposure to the drastic phase of technology they are rather late in this trend and may experience a tough understanding in the learning curve that will give them the information what blockchain really is, but if successful implemented its will be market strongly because of their populous areas that needs developments.

Docbee

full member

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Merit: 100

It has impacted many nations positively take for instance the people of Zimbabwe it has helped them out of mess they found themselves it has helped peru as a country in variis ways.

Daseento

jr. member

Activity: 206

Merit: 2

The effect of Bitcoin on developing countries is minimal or even negligible as most of the population have either not hear about the technical and others are skeptical about it-govenment not excluded. Too much circulation of paper currency is the major cause of inflation, not digital currencies.

Boh manok

member

Activity: 328

Merit: 10

Nowadays bitcoin is widely embraced by relatively developed countries but developing countries are not losing out to the growing number of people Bitcoin is getting better in developing countries such as Indonesia, India and Malaysia for example bitcoin is already very widely used by society both for transaction tool and as livelihoods so bitcoin in developing countries is now getting better.

jak3

legendary

Activity: 1274

Merit: 1004

it is a best tool specially for developing county. i am from India and i can say bitcoin has changed my life completely and it helped me a lot to see everything clearly on the world around me. It has helped me with money and mostly with the experience which i made from many mistakes. I have faced many problems and got scammed at the starting but have't looseness any faith.

Topic: bitcoin in developing countries - page 31. (Read 3369 times)