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Topic: bitcoin in developing countries - page 41. (Read 3369 times)

member
Activity: 742
Merit: 12
May 10, 2018, 05:57:44 AM
Bitcoin has a good response in most developing countries. Due to low electricity cost, miners in those countries can possibly make more profits. If Bitcoin gets legalized in these countries, they will improve more in the industry.
hero member
Activity: 2828
Merit: 611
May 10, 2018, 05:47:17 AM
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.
Yeah it is. Who said it is cause of inflation? No brother this isn’t. You are right that by bitcoins, countries are getting a good development in economic growth. Although it is not much bigger but still they are just getting everything easy. People are earning from them and that is why they become suitable source of income for them. That ultimately input good remarks in country’s economic status.
jr. member
Activity: 266
Merit: 1
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May 09, 2018, 07:09:53 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?


Classifying my country as a developing country and with its present predicament; recession, I will say that Bitcoin will do us good rather than causing any inflation. With its full fledge operation, it can help restore our economy.
full member
Activity: 258
Merit: 100
May 09, 2018, 06:40:25 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?

Yes, it can. Bitcoin is proven to be a good source of economic condition in a country accepting or using bitcoin. It helped a lot by giving jobs online and improved the quality of life of some people, using this kind of blockchain technology, living in the said country.
hero member
Activity: 907
Merit: 500
May 09, 2018, 06:13:33 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.
There is also a problem of unemployment in those developing countries and they do not know that how to solve that problem but with the invention of bitcoin that problem is solved as the educated people now like to spend more time online to make their living from the crypto currencies in which bitcoin is giving much profit to them.
member
Activity: 378
Merit: 10
May 09, 2018, 05:45:06 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 believe you. Chances are bitcoin can help developing countries. It provides jobs  and reduce unemployment and opportunity to be part of the investors and traders to enable each people to have a high profit.
hero member
Activity: 2884
Merit: 794
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May 09, 2018, 04:44:03 PM
It would become more productive if developing countries use bitcoin. New trends for new era in a country, Wow, that would be great for all countries who will do these.
While developing countries would definitely benefit if they used bitcoin, it is very easy to see that is going to take a lot of time for that to happen, if you take a look at any other technology you will see that the rich countries are the ones that adopt new technologies first, because they have more money and the people in those countries are able to see the new trend before those that live in developing countries.
jr. member
Activity: 131
Merit: 1
May 09, 2018, 06:30:43 AM
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.
newbie
Activity: 196
Merit: 0
May 09, 2018, 04:42:07 AM
Bitcoin in developing country is more productive because they are advance in economy accepting bitcoin in their country. They are more advance in the dorm of technology plus even in currency. We will see them more developed one day from among others.
newbie
Activity: 196
Merit: 0
May 09, 2018, 04:26:00 AM
Bitcoins in developed countries are as vibrant as their own development, where there will be many investors as well as ico's fundraising programs, and their government I believe will one day support the market. This digital currency field
hero member
Activity: 700
Merit: 500
May 09, 2018, 03:23:47 AM
I am so sure, when bitcoin is used for the development of a country, it will have a positive impact. it's just that some countries think that bitcoin can make their economies unstable, because bitcoin can be used as money laundering, or other illegal things.
To be very honest, it is just a way of not legalizing bitcoin in a specific state because the governments are actually afraid of this coin as it threats their control over public’s money. Besides, they can’t keep a track of transactions and total capital that someone owns this way. All those countries like Japan that have allowed their citizens to earn through bitcoin, have improved economy and hold a bright future.
full member
Activity: 616
Merit: 100
FRX: Ferocious Alpha
May 08, 2018, 10:41:45 PM
It can mean a threat for them and some believe that it is really disrupting the economic stability of a country because it is decentralized government has no control over it, but I can it can also be a tool for progress in a sense that people are beginning to use the system and gave them the idea to make a profit out of it.
newbie
Activity: 111
Merit: 0
May 08, 2018, 09:00:17 PM
Bitcoin is now getting popular in the developing countries because most people are now seeing it as one of the way of becoming financially independent once they invest in it.
full member
Activity: 630
Merit: 103
May 08, 2018, 08:56:31 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?

For me no doubt Bitcoin will help the economy of every country specially the developing countries. Like if Bitcoin will reduce the unemployment rate then for sure the purchasing power of the masses will increase making the economy to become strong and stable. Inflation is always there and its normal as long as economy is stable because if the supply and demand is high then the inflation will ride on to the increasing commodities too.
newbie
Activity: 154
Merit: 0
May 08, 2018, 08:44:20 PM
In developed countries these types of digital currency are very popular, and the more developed countries they are going to find more bitcoin, they will look to bitcoin to raise capital, and also will have more early investors invest in bitcoin instead of bank loans
jr. member
Activity: 74
Merit: 4
May 08, 2018, 08:41:01 PM
It has a good response in a lot of countries and people are aware of it
hero member
Activity: 658
Merit: 500
May 08, 2018, 07:53:48 PM
For developing countries bitcoin is a very good asset to make them a good profit, but there are some hurdles for them like they do not have some specilized resources to use their bitcoin and sometimes the ban make it a headache for them. But in many countries they continue to work and they will make their future.
sr. member
Activity: 868
Merit: 266
May 08, 2018, 05:42:15 PM
Bitcoin is a big deal when it comes to developing countries because it’s one of the ways that the people are able to get out of poverty because we are currently knee deep in it right now. People have been able to establish business by just investing into bitcoins alone.
sr. member
Activity: 1204
Merit: 250
May 08, 2018, 05:02:07 PM
fortunately, I know bitcoin through negative news about bitcoin. most of those news are about scam projects that used the name of bitcoin. I can admit that many people in developing countries are victims of scam projects, I have seen many of them. I can't say that I regret that I'm late knowing bitcoin, because I have no chance to know bitcoin properly.
this is the fact of bitcoin in developing countries.
hero member
Activity: 1092
Merit: 501
May 08, 2018, 03:59:00 PM
President of Venezuela Nicholas Maduro ingeniously acted! Many presidents of countries, especially African ones, should pay attention to the crypto currency, this would solve many problems in their country! But most of the presidents do not think about the common people.
They only come in the government to fill their pockets. They don’t have any concern with the problems of people once elections are done. They can’t just react to the goodness of bitcoins. Rather they conspired it as a danger for them. They think if bitcoins would be there as currency, they might be caught for corruption case. So they better avoid it and sometimes banned it.
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