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Topic: bitcoin in developing countries - page 38. (Read 3369 times)

newbie
Activity: 166
Merit: 0
May 14, 2018, 05:59:35 PM
I think it is too early to think about it...There must be so much changes before we can consider crypto as a real danger for the economics now
Yes, I agree with you. Some governments in other countries are treating btc as danger to their economy but in reality it is not. Its just that they are after of what they can get from it like tax. Mostly countries have no laws that controls crypto currency. And the anonymity is is also their big problem. But in developing countries, btc is accepted and more people's lives have been changed.
member
Activity: 434
Merit: 10
May 14, 2018, 05:04:23 PM
The popularity of bitcoin in developing countries is related to people's desire to quickly become rich. They are attracted by the rapid growth of bitcoin. At the same time, most people do not have the necessary knowledge when it is better to buy a bitcoin and when to sell. Therefore, very few people will earn a substantial amount money.
Inflation does not threaten.
newbie
Activity: 117
Merit: 0
May 14, 2018, 03:59:22 PM
In my opinion the existence of bitcoin will not make the inflation of a country. In fact the existence of bitcoin will increase the economic growth in a country. That will make a lot of people to invest. And it has been proven.


I think We have limited resources only and if the supply will be exhausted, the price will go up.
Based on my definition, I can say that inflation holds in bitcoin. Bitcoin is also a currency and I think it will cause inflation but not as quickly as it does in dollars.
As far as I know, inflation occurs when people's purchasing power is greater than supply. That is, if people have high purchasing power, there is also greater demand.
member
Activity: 350
Merit: 14
May 14, 2018, 03:04:23 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 developing countries had care in bitcoin. Maybe some of them has. Because poor countries or developing are mostly want cash.
full member
Activity: 490
Merit: 100
May 14, 2018, 03:00:04 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?

it also happen in my country, the government of my country stated in order to people do not buy bitcoin because bitcoin has a high risk. use bitcoin as a payment is illegal and they are worry too much that bitcoin will disrupt economic stability in our country whereas before the people in my country are know bitcoin, the economy in my country is not good and it continue to deteriorate in a few year. so I think bitcoin is not give a bad impact for economy in a country.
member
Activity: 1204
Merit: 38
May 14, 2018, 02:37:11 PM
I myself come from developing countries, and who study and invest in bitcoin are the millenial generation of those who are under 35 years old.

No other currency had an development in short time like bitcoin so we can make bitcoin as powerful currency in all over the country but sometimes the fall of the crypto will be criticize but it had a great future.
member
Activity: 322
Merit: 10
May 14, 2018, 02:36:13 PM
If I think this bitcoin is more accepted in developing countries than in developed countries because developing countries more unemployed than developed countries that most people earn above average income so they are busy and focus on their own work so there is no time for bitcoin.
sr. member
Activity: 868
Merit: 266
May 14, 2018, 02:23:29 PM
I myself come from developing countries, and who study and invest in bitcoin are the millenial generation of those who are under 35 years old.
Most people under that age are actively engaged in investing in bitcoins in my country as well because they have that it has the potential of changing their lives which it’s really doing.
full member
Activity: 518
Merit: 101
May 14, 2018, 01:26:16 PM
I don't think Bitcoin will disrupt the economy of the developing countries of the world and it will inflation to the economy of a country in any way but is for the betterment of the economy and the country citizenry.

I do not think that Bitcoin will help the economy of poor countries that are usually called developing. People there do not care about the cryptocurrencies. They want cash.
sr. member
Activity: 1288
Merit: 253
May 14, 2018, 08:03:25 AM
I myself come from developing countries, and who study and invest in bitcoin are the millenial generation of those who are under 35 years old.

although I am not of the millennium generation but my desire to develop with bitcoin never fades. there is a point where bitcoin is able to reach all circles, especially people who wrestle in the internet world. Until now my country has not taken the stance to ban, so I'm not afraid at all to keep moving forward with bitcoin.
member
Activity: 181
Merit: 10
May 14, 2018, 07:50:43 AM
I myself come from developing countries, and who study and invest in bitcoin are the millenial generation of those who are under 35 years old.
sr. member
Activity: 451
Merit: 250
May 14, 2018, 07:08:33 AM
Bitcoin is a good think and it can affect the economy strongly. However, I believe that the government will know what they have to deal with and they can make some regulations in order to protect their countries's economy. Therefore, it is hard for bitcoin to cause a big crash or something like that to a country
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
May 14, 2018, 06:53:29 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?

Actually it can affect the economic stability in the way that government might decrease some of their funds due to people who prefer on investing in cryptocurrency more than placing their money on banks.
newbie
Activity: 56
Merit: 0
May 14, 2018, 06:50:00 AM
in developing countries most bitcoin is still banned by the government because the government thinks the bitcoin is made for criminal transactions. I do not think bitcoin disturbs stability and inflation in a country
newbie
Activity: 28
Merit: 0
May 14, 2018, 06:48:18 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 that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country, because a cryptocurrency can’t replace a national currency.
newbie
Activity: 63
Merit: 0
May 14, 2018, 06:16:28 AM
In developing countries, economyc system till referring to global economyc system where bank till to be favourite. The presence of bitcoin in developing countries will be not threat but Bitcoin will be one of economyc system part. Bitcoin will be support and boost the economyc system in developing countries
newbie
Activity: 111
Merit: 0
May 14, 2018, 05:54:50 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?

If In developing countries have internet connection and gadget , I think bitcoin can give the people to get alot income from participate in bounty campaign or trade in bitcoin. It will reduce unemployment and add the income.
newbie
Activity: 56
Merit: 0
May 14, 2018, 05:13:19 AM
As far as I know, inflation happens when the purchasing power of the people are greater than the supply. It means, if the people has high purchasing power, there is also a greater demand. We have limited resources only and if the supply will deplete, prices hike.
Based from my definition, I can say that inflation is applicable in bitcoin. Bitcoin is also currency and I think it will cause inflation but not in a rapid manner as what happened in dollar.
member
Activity: 252
Merit: 13
CryptoTalk.Org - Get Paid for every Post!
May 14, 2018, 04:49:06 AM
It is probably in the best interest of developing countries to invest in bitcoin and other related cryptocurrencies because it is good way to preserve their money in times where they have corrupt governments that can easily inflate everything.

Just look at Zimbabwe's trillion dollar bills, people who had millions worth (USD) of zimbabwean dollars easily found themselves loosing all the value of their money when inflation struck. Had they placed the original amount in bitcoin they would have preserved and even earned more.
member
Activity: 516
Merit: 38
May 14, 2018, 04:32:57 AM
I don't think Bitcoin will disrupt the economy of the developing countries of the world and it will inflation to the economy of a country in any way but is for the betterment of the economy and the country citizenry.
Bitcoin in developing countries has a very high marginal productivity and introducing the technology in such countries will not only promote it to a huge extent but will give an upward push to the market value of Bitcoin. This will lead to appreciation in the value of the portfolios already existing and will further attract others to invest. It should be remembered that Bitcoin is not only for making money but can be used to do almost anything one can do with the money.

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