bitcoin in developing countries - page 42.

webdevmastery

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

Yes bitcoin is developing countries, i do believe that cryptocurrency can improve the countries economy because they can use the fund that they earn from selling any coins in the market because the prices of cryptocurrency today is continuously increasing due to massive demands.

TonyFat

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if the country really wants to develop and wants a good economy, then it will not reject bitcoin and will think about how best to use it

BigBos

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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.

Chusnul

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Bitcoin has a much larger presence in developed countries and advanced technologies is not common in developing countries. Developing countries can grow from Bitcoin if bitcoin is transferred to those countries' companies and individuals. But most people now are simply holding their bitcoin and waiting for it to raise in value, not spending them. Bitcoin has the potential to help developing countries, but right now, it isn't. In fact, Bitcoin may even be harming developing countries. Since crypto is untraceable, terrorists, extremists and drug dealers can buy and sell without detection, causing harm to the countries.

patarfweefwee

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Actually crypto currencies help out the economy by empowering consumers to buy more by providing them another source of income outside their jobs. More cash flowing in and out is actually good for tue economy. Developing countries are very much into this simply because it is a source of income that youu can do at home.

lehuong

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Bitcoins in developing countries are very active and their governments have also come up with and drafted certain legal frameworks for digital money as well as tax collection of individuals undertaking transactions.

BitProCoin

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Bitcoin has been developing in some countries quite right in a way that government recognized it more often to be an instrument for the basic financing system.

Rufsilf

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In developing countries, bitcoin has a lot of opportunities to give to the people of a certain country but there is still the fear of the government about the abuse of using bitcoin in their daily lives. Not to mention the ability to buy drugs through bitcoin or just buying expensive things without moderation is the thing that the government is afraid of. However, you can have your own business if you have a bitcoin in a developing country, as well as you can invest that in a large company too.

Hypnosis00

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In developing countries, bitcoin could possibly be a part of their daily lives since most of the people has an access on it and they can already gain knowledge about bitcoin in the surface net. However, there is a risk of bitcoin being banned or getting legalized due to it's popularity in developing countries. If it will be banned, it means that the government is not allowing it's people to gain money from something decentralized, hence, not allowing them to earn a lot of money. And if bitcoin will be legalized, tax will be impended and most probably of the transactions will be through bitcoin.

shiki3226

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Once everyone has access to cryptocurrencies, I strongly agree that bitcoin can definitely affect and disrupt the economy in a more direct manner.

PatronRH

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I say bitcoin is very popular in developing countries althouth the goverments ban it people are always trying to get bitcoin and aware of it's advantages.

CASTIEL05

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Quote from: cutikanzilong on April 26, 2018, 08:16:03 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?

There are many people here who are believing that bitcoin will not be a reason for economic disturbance yet, it might be true. I also encountered a poster who had said that inflation is due to the over printing of paper by the government and it is not applicable in bitcoin. Maybe in some point, you are right but we cannot see the future.
For me, it is normal for the Bitcoin to disrupt the economic stablity. Since it was a currency, it can also cause inflation. As of now, we can say that it is just a hoax but for sure, if the price will surge highly. The economic stability will destroy and there is a potential to lead it in inflation.

DiabolicAnt

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I don't think that BTC disrupt economics in any way, it's a way to build a new type of it instead.

tegaisaffluent

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BITCOIN in developing countries will continue to thrive in the hands of those that are knowledgeable and also believe in bitcoin while the governments of the developing countries will try to hoodwink as many as they can to enable them keep or maintain the value of their collapsing paper money. They can't stop the use of BITCOIN because of the fact that people are beginning to yearn for time freedom and money freedom. And with the amount of profit that BITCOIN generates, more people will embrace it as soon as they are acquainted with it.

Trivelius

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Quote from: SellBuyAcc on April 27, 2018, 11:52:47 PM

Bitcoin is getting known in really big countries now a days because of its popularity people indulging themselves to the most popular thing on earth but to be honest we are not yet on the quarter part of those people who uses money on earth, but still despite of the declining value of btc we are still surviving and managing to turn the tag on green in many times.
To be honest in some countries which called "developing" uses bitcoin to scam others who were innocent on using them which makes other bother to invest on to it. And so far bitcoin did not give any marks of affecting in economic growth on one country.

Yes that is right to say that currently bitcoin is too much popular in modern countries, but in backward countries still people do not have any knowledge about bitcoin, i think still need to know about it, because i think that in current time even in backward countries they have the facilities of using computer and interest therefore i do not think that there can be anything that can create hurdle in bitcoin way.

jayyen

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In developing countries, there are no clear rules on the use of bitcoin.It is the people who do not fully understand the power of cryptocurrency yet .But most people are fast accepting cryptocurrency at a faster rate than I imagined.One challenge in developing countries is the ability of people to use smartphone and laptops which are the major tools in cryptocurrency.

logicgate

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Quote from: South Park on May 06, 2018, 10:46:08 AM

Quote from: darkedelf on May 05, 2018, 12:17:13 PM

I think recently heard the news that in my home country are already preparing to put ATMs for the exchange of bitcoins, good news but only I can not find the link

You do not really need to find that specific link that you lost, there are sites dedicated to monitor bitcoin ATMs all over the world, so just find one of those websites and check how many ATMs are in your country, I was surprised because some years ago there were no bitcoin ATMs in my country and now there are a few and one is close enough to me so that is good news to me.

The response of Bitcoin is from developing countries only and few from under developed countries. In my country you will not find any single BTM or any sign of Bitcoin but here people are with full of knowledge, many people are considering it the currency of modern era and they are very positive about it. Your country is a developed country and will be going high in the future as the Bitcoin support is increasing.

richardsNY

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Quote from: cryptokia on May 07, 2018, 12:15:19 PM

I think one of the problems in some country is that people are earning money without paying taxes and it harms a country economy a bit.

How does someone not paying tax harm a country? It's something I have seen more people talk about, but it doesn't make much sense to me. If I didn't invest in crypto at all, and thus there was no capital gains to be paid, what difference would that make if I simply don't declare my gains? People keep saying that governments miss out on tax income, or that countries are suffering, but they don't miss out and suffer from something they never had in the first place. People should really start to care more about themselves instead of their government that doesn't give one single damn about them. Do you think that governments think about you when they squeeze every last penny out of your pocket?

Tungsten-1

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Quote from: Ishiro5 on May 06, 2018, 08:39:18 AM

Your fears are the major things that bitcoin is addressing in the world economy. Bitcoin and blockchain technology can actually help developing countries to come out of their relatively poor economic status if well harnessed.

To assume the point about the economy of a country related to the Bitcoin is at the right place. The economy of a country boosts up if the country adopts Bitcoin and allows the people to use it by buying and selling as payment method too. This will reduce the costs on making paper money that is called fiat currency. The huge budget of the country will be saving by Bitcoin and that is why the economy of a country boosts.

zngit

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Big bright and clear possibility that bitcoin potential to change the economic status of one country from hopeless torrichness. Bitcoin can bring the people another good chance when the citizens in one country welcome bitcoin in their society. Bitcoin will give the majority hope than destruction. That is what I believe.

Topic: bitcoin in developing countries - page 42. (Read 3371 times)