Topic: bitcoin in developing countries - page 4. (Read 3371 times)
If we search and google a little bit, we found info that crypto is very popular in developing countries, they fascinated with the idea that even a little investment could blow up and change their lifes. Right now looking for good upcoming ICOs and found interesting projcet Kelvin Blockchain, have you ever heard about this one? Want to hear from you, don't be shy
I think that the way of thinking will differ depending on whether bitcoin is used as currency or as asset. As a substitute currency in one country, even if it happens in some country, the value as safe and secure currency may be retained than the dollar. However, at the same time, if Western countries view bit coins as substitute assets of gold, speculative movements will occur and the economies of the countries that are used as currencies could become unstable.
At present only some countries accept BTC, some developing countries they are gradually applying the blockchain technology to the business. Therefore according to me BTC will be on a more popular
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?
Yes because the money being invested on that particular investor will affect the economy of that country in a small scale and if all the people of that certain country will going to invest in cryptocurrency then the economy for that certain country will going to reduce for investing in cryptocurrency. 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?
for in my country Indonesia whose economy is growing bitcoin is well received and very helpful for the economy for its people, as I, who have a not too large fixed income with cryptocurrency, really helps my shortage in the economy so that my needs can be met.
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?
not bitcoin will not disturb a country's economic stability. precisely bitcoin helps many citizens in their economic problems even many families who achieve financial freedom because of investing and working in cryptocurrency. and also bitcoin will not cause inflation because bitcoin is a decentralized currency. now bitcoin is increasingly popular because many new rich people are born because of bitcoin. 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 have been to a developing country recently and very few people were aware of crypto there currently. More promotion is required.
I think we are in the same country and I guess in my country, bitcoin still only for a few people which want to get a new opportunity to make money. they don't care about bitcoin and still prefer with the old way but I see that some of these people are interested with bitcoin and cryptocurrency and they learn from many sources. besides that, they invest their money in this time so I think the cryptocurrency will going to reach more people in my country.
Developing countries when banned Bitcoin will be like? I am still concerned about financial problems as inflation accelerates.
I have been to a developing country recently and very few people were aware of crypto there currently. More promotion is required.
In my opinion it is not true if the government in a country considers that with the existence of bitcoin du countries they eat there will be inflation. The opposite is true, their economy will grow and develop. People will have income. The state will get income. The economy will grow in the country, so they will be economically strong and their people prosper.
Cryptocurrencies have some unique characteristics. Their supply is generally governed by a specific set of rules, which are independent from political influence and actions of monetary authorities. In the case of Bitcoin, the rules and cryptography are determined by a system of governance rooted in voluntarism and consensus of users, which replace the need for a single trusted counterparty. As another key characteristic, the blockchain technology underpinning cryptocurrencies is highly resistant to counterfeiting. The system prevents arbitrary addition to the supply and the double spending of coins, and transactions cannot be repudiated or undone. The state of the blockchain and every change to it are verifiable by every user.
These characteristics add to the appeal of cryptocurrencies, but may entail several economic risks and create considerable challenges for policymakers, especially since cryptocurrencies still fall outside the purview of monetary authorities in most countries.Amid growing interest from the public, cryptocurrencies are increasingly perceived as investment opportunities. They are particularly attractive in high inflationary environments, which has encouraged an expanded use of digital currencies in countries such as the Bolivarian Republic of Venezuela. The rapidly growing price of digital currencies, without a sound valuation method underpinning this price, raises concerns about a mismatch between the perceived and actual levels of risk associated with cryptocurrencies, and the potential formation of price bubbles.
Cryptocurrencies have some unique characteristics. Their supply is generally governed by a specific set of rules, which are independent from political influence and actions of monetary authorities. In the case of Bitcoin, the rules and cryptography are determined by a system of governance rooted in voluntarism and consensus of users, which replace the need for a single trusted counterparty. As another key characteristic, the blockchain technology underpinning cryptocurrencies is highly resistant to counterfeiting. The system prevents arbitrary addition to the supply and the double spending of coins, and transactions cannot be repudiated or undone. The state of the blockchain and every change to it are verifiable by every user.
These days bitcoin in developing countries is spreading very fast like a forest fire. Although everyone is not known to bitcoin but still it is having big scope for the developing countries. Being the best investment asset many people are indulging in bitcoin. It helps to earn number of profits. Bitcoin has the potential of bringing stability in the economy and helps in turning a developing country into a developed country.
Top on the line developing country are always updated in global news, and we all know that bitcoin became a hot business issue in global news in the end of last year, and definitely developing country gather analysis on how the demand of bitcoin will be link on there economy, and in what way there economy be more progressive with the work of bitcoin, and that's why many nation allow bitcoin for exchange of something and for faster transactions.
Bitcoin is spreading around creating nations. However, despite everything it isn't known by the larger part of individuals. Maybe that is the reason in the matter of why these administrations are quiet about it since it is still not a danger to it. Added to that, these individuals are excessively poor, making it impossible to put resources into bitcoin and additionally they are uninformed about how to utilize the blockchain innovation. It will require them such a great amount of investment to adjust.
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 bitcoin in developing countries is quite good and excellent enough to use . It is also just as easy to use and hustle free at all . No more other stuffs to be needed. Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!
Some western nations, such as the swords themselves, have accepted and considered bitcoins as their currency, and bitcoins at banks are widely traded, the government encourages ICO projects to come into being.
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?
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 some and almost all of government is silent to Bitcoin because they themselves don't know or how do Bitcoin works. like they don't give much attention because they think this will just pass. i have searched that some countrie banned this because they dont know how to monitor or control it same as with the banks.
Most developing country not prepare on technology advances. Beside that, most government ban bitcoin because they dont have regulation about it and they dont understand much about cryptocurrency and government worry it will give impact on their economy and dont know how to use crypto in positive ways to improve their economy.
I think that nowadays we cannot see any moves in any country with crypto, it will take some more years till we will be able to get anything "more" from our goverments.
Bitcoin in developing countries may turn out to be a double sided sword.Some of the govt's are most probably not adapting to Bitcoin as they won't get their share of Taxes from Bitcoin.And many of the citizens might be outside their purview
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