bitcoin in developing countries - page 47.

cryptoalfs76

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▰▰▰ MODULE ▰▰

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?

I dont think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country,because in
the reality happens, that because the help and exist of digital currency there is a growth of economy and social economic responsibility,therefore those fake news that tells cryptocurrency is the one disrupting the economic stability thats not true,because the main purpose why bitcoin exist is to promote capitalize country and make a better economic growth,and this things happen now especially in those industrialized country.

mickeybuddy27

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Quote from: jhonjhon on May 01, 2018, 03:17:52 AM

Quote from: miroslavt on May 01, 2018, 02:00:24 AM

People are ready to invest in crypto in developing countries but the government is not encouraging this. In some of the developing countries, it is already banned.

Is just the way they adopt and thinking negative about crypto. Crypto development isn't depending on them actually, it could grow gradually as other countries supporting it. We expect a lot of changes and surprises within 5 years from now and it surely crypto will soared worldwide.

It is because that country cannot see the advantages of bitcoin and only look for the bad side that happens in other countries that already accept bitcoin but suddenly banned. Government of the developing country should change their views about bitcoin because it can also help for the growth of the economy.

imapd

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cave canem!

In my opinion, developing countries are those, which can actually understand what cryprocurrencies are and how they can be beneficial to their economics.

jhonjhon

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Quote from: miroslavt on May 01, 2018, 02:00:24 AM

People are ready to invest in crypto in developing countries but the government is not encouraging this. In some of the developing countries, it is already banned.

Is just the way they adopt and thinking negative about crypto. Crypto development isn't depending on them actually, it could grow gradually as other countries supporting it. We expect a lot of changes and surprises within 5 years from now and it surely crypto will soared worldwide.

rik2

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I think Bitcoin is surely a thread to the country's economy. Government really hates it a lot but they have to face it that's how we will know which system of money management is better.

bachus

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Dont know for sure about others, but in my country it seems to be not that soon, that bitcoin will have any fluence at all...)

miroslavt

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People are ready to invest in crypto in developing countries but the government is not encouraging this. In some of the developing countries, it is already banned.

tikster

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Bitcoin has indeed disrupted the financial sector, and today there is concerns, both positive and negative about crypto-currencies. Crypto and virtual currencies has existed for long, many, many years before bitcoin. Games, and several payment platform also used some kind of virtual tokens.

What bitcoin has brought is not only virtual / crypto-currency, but also the distributed peer-to-peer (P2P) ledger we all now know as blockchain. This is an enhancement to p2p node computing. Newer blockchain tecnologies (ethereum, etc.) adds to this building block, and many of the problems with the initial chain are being resolved.

Love to get more involved in these forumns

MD Milon

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Bitcoin activity are all over the world.many country accept bitcoin.developing countries people have much money,easily they invest in bitcoin and receive more profit.In developing countries people use more bitcoin and know about bitcoin so much.

Burogh

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COVIR.IO

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?

Many government and central banks in all around the world afraid about bitcoin growth. Its happen because bitcoin can disrupting bank bussiness and because bitcoin using decentralized system that no need government control.
Bitcoin right now already known in many country and the people start want to investing their money in bitcoin because they believe bitcoin is future currency in digital world

futuret

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Quote from: GoldenLad on April 28, 2018, 12:37:55 PM

Quote from: KeijiN on April 28, 2018, 12:26:36 AM

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

Even at the long run or in the future, I don't think bitcoin can be a danger to the environment, people or the economy. The Bitcoin main concern is to solve transaction problems by limitating excessive exposure of sender information. And it has even gone further to solve financial problems to those who invested in it; this has been a major concern to the economy so I don't see why it will be a danger to the economy.

Bitcoin is developing countries in two ways, one is the people of country and another is the government of a country. People are enriched and enriching their selves through investing in Bitcoin and earn wealth easily while for government who are not using Bitcoin are at the lowest rank in economy level and those who have used Bitcoin are now at the top and their economies have boosted up. So Bitcoin helps in these two main categories.

NeverSop

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HODL

Bitcoins in developing countries are widely used. Japan, USA, etc. are developed countries using bitcoin as a payment instrument as well as trading on the cryptocurrency market. Today, many potential ICO projects help investors enter the market to find their profits.

Harrisonimo

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As long as there is still internet available, the reach of Cryptocurrency will be unlimited. I can still classify my country as a developing country with what we have at our current status economically and in terms of technology. The government is still somewhat silent about bitcoin. So, as we have enough enlightened youths around, we are good to go in getting more knowledge of bitcoins/Cryptocurrency.

yvonnegalvan

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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 is lot of countries that developed bitcoin and in the other conutry they are selling in the market using bitcoin. Maybe other people that do not an internet do not dveloped the bitcoin.

Andrews193

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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?

Many countries in the world like China have a lot of people involved and there are many investors who are experienced in the field of market analysis. There are many who believe that Bitcoin in China will be the first place to develop. Bitcoin to pay for many commodities. In big business, Bitcoin can also pay for workers.

themughni

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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?

I am not sure the bitcoin in developing countries. because maybe many people in developing contries dont have a internet connection or equipment to support bitcoin transactions.

brickafterbrickwalldpt

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It might be difficult for developing countries to implement Bitcoin or any other cryptocurrency. Just look at the countries which have problems with inflation. Their governments instead of switching over to cryptocurrencies, they ban using them (which btw is not possible but merchants won't be able to accept crypto payments). Thanks to the limited supply of Bitcoin and its independence, it would be a good choice for such countries. However, would their citizens understand the whole concept behind them and avoid potential threats? I really doubt it.

PSL

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I think that there will be no mass investment in bitcoin in developing countries. Firstly you need to understand many things concernin cryptocurrencies (at least in the question of wallets) In addition, many people would be stopped by the negative attitude of the authorities towards bitcoin and cryptocurrencies.

a2offrb

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RISE WITH RAYS FOR THE FUTURE

Bitcoin had gained ground truly in few advanced countries like Zimbabwe because they are quite aware of the great potentialities embedded in it, where it can be part of tools to improve the living standard of their citizens without serious effect in their Economic stability. But Most Non Developed or less developed countries had not yet accepted Bitcoin, for probably fear of Inflation as you mentioned, but forgetting or oblivious of the volatility nature of the Bitcoin which may in many occasions be an added advantage to their Economic Growth and Stability. Hence, Bitcoin can not majorly have adverse effect on the Economic stability or advancement of any nation, not less developed ones alone but rather be an helpful medium of exchange when accepted.

rimueng agam

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According to the fact that there is no influence in developing countries or in developed countries this bitcoin remains the same, or equal from the price and also the demand is usually better than developing countries because in developing countries a lot of unemployment and they can work and make money from bitcoin.

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