Topic: bitcoin in developing countries - page 5. (Read 3369 times)
i live in a developing country. believe me, crypto money is the last thing that causes inflation. these are actually the words of the banks.
I believe that no. At the moment, people in most cases need a piece of paper (money). Still a little where there is a store that you can buy for bitcoin. Although they are every year more and more. And yet, the authorities do not exactly need to worry about inflation.
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?
People from developing countries are having the different type of mentality, they can ask their money more easily than the guys who are born in third world countries, because here the money is caring so much more value. 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?
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.
It depend on the availability of cryptosystem in the state or country some country are not even have the knowledge of it Talk less of accepting it in the market. Soon it will take over many countries.
Investing in crypto in developing countries is a good choice. It is not easy for people to make money. Investing in BTC can make money faster.
I'm glad now that bitcoin has been accepted and legalized in Japan, a country that is the world's strongest economy, I hope that someday there will be many countries that follow Japan that legalize and continue to develop bitcoin to be more useful.
Bitcoin is expected to replace the traditional financial system! Bitcoin transaction convenience, privacy, decentralization and anti-inflation.
If Bitcoin becomes a legal currency, Bitcoin is expected to become the world's only currency!
If Bitcoin becomes a legal currency, Bitcoin is expected to become the world's only currency!
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?
You are right that government should not be called and passive about cryptocurrencies each year, but it seems like some of the countries are totally neutral about it and they are not making any statements.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?
Bitcoin does not disrupt the economy and does not cause inflation in the country, perhaps the governments of those countries are afraid of a certain problem, or they have not found a suitable solution.
Yes, the government should not be silent about Bitcoin, the government should create legal exchanges for Bitcoin exchanges. When the transaction is public and legal, the government will receive more investment from large corporations in the virtual currency market.
Governments in some countries believe that bitcoin transactions will result in them not collecting taxes and if this increases, inflation may happen. They do not want large amounts of people's daily transactions that they can not control.
Everybody has the need to get rich, especially people in developing countries, cryptocurrency and bitcoin giving them the opportunity to get rich. They will defy all to get rich. Even the government can not completely stop it.
Bitcoins in developing countries are like cigarette butts. First of all, the market is wide but the number of users is low, the level is not enough. In particular, the government has not really paid attention to Bitcoin, and some have banned it. It is also understandable that so many ICO scams from the BTC and the government are concerned about this. If currency devaluation, not sure that Bitcoin will replace the next.
In developing countries, Bitcoin has a lot of government obstruction, although the government does not completely stop it altogether, it can make it difficult for bitcoin owners and bitcoins to trade in those countries.
People are scared that rising inflation will replace electronic money. But I think that only happens when that country actually has the cryptocurrency industry developed. Let the government pay more attention to Bitcoin and make more efforts to bring about the positive aspects that Bitcoin offers.
On the other hand I strongly believe all that negativity is the psychological response to fear of something new, as time passes they will see that they can neither do anything about it nor control it. Then acceptance comes: they will see and understand the benefits. People are scared that rising inflation will replace electronic money. But I think that only happens when that country actually has the cryptocurrency industry developed. Let the government pay more attention to Bitcoin and make more efforts to bring about the positive aspects that Bitcoin offers.
In an article published by a university, I read about the ill effects of crypto currency and its ability of giving rise to inflation while the government being unable to control inflation because of impotent tolls of fiscal and monetary policies. But Bitcoin in developing countries has high marginal benefits and people still invest in Bitcoin for that reason because of the lower demand for Bitcoin in such countries. It can help solve many problems in developing countries like enabling people to earn money by investing in Bitcoin and there is no restriction how much you want to invest. You can invest any amount of money. So Bitcoin plays good role in developing countries. Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa 
. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country 
True, maybe if they let bitcoin reign also in their country maybe people has more better lives and pay their taxes since btc let them invest on it and make profits.. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country Bitcoin in developing countries is seen rapid growth in terms of ATMs and banks are supporting crypto deposits and even bitcoin-based banking products
We learn well by observing or testing something with other materials or sources after getting positive results we adopt that for benefit. Now similarly countries where the Bitcoin is opposing are in negotiations with countries where the Bitcoin is using so as to adopt the system they are making progress with it. We are hearing positive news about the adoption of Bitcoin and this is only for benefit as the Bitcoin is responding very well. bitcoin in japan is already developing, because in japan state bitcoin forums and even bitcoin in the trading market already in official, bitcoin during its will progressively progressively and progressively expand.
I think that bitcoin is helpful for them to increase their economic condition, not only individually but as a whole country, I think that in future we will see that more and more developing countries will start the use of bitcoin and will even make it a legal currency. Jump to: