bitcoin in developing countries - page 6.

JACKSW4G

member

Activity: 144

Merit: 10

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?

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.

lepeirisjs12jsjs21

newbie

Activity: 28

Merit: 0

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.

CryptomartN

newbie

Activity: 68

Merit: 0

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?

Bitcoin will not disrupt economic activities. It will even help to enhance it.

eann014

hero member

Activity: 1078

Merit: 501

I think bitcoin is not really developing the country as it is because bitcoin is just can be used by people or by us, not our countries because bitcoin is not held by the government, so there are no taxes if you earn some bitcoin but we can develop countries by our own if we want to use our hard earn bitcoin, we can share or donate to those who are in need but it is really hard if your earned bitcoin is just also enough for your family and for our daily needs. I am just pointing here that, we don't need to think a lot about developing our countries because 1st of all we must also need to use our hard earned bitcoins or money for our own sake before the country, there are the Governments and they will do their duties and responsibilities as they can.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: efxtrader on August 01, 2018, 08:14:54 AM

Quote from: James_Cline on August 01, 2018, 05:29:27 AM

Bitcoin's acceptance is increasing in many countries. Surprisingly even the developing countries are taking it on. But it might not solve many of the problems in these countries. If you are good at crypto-economics, you very well know that bitcoin has a deflationary nature. So, it cannot in any way possible lead to inflation. But it won't also solve the corruption problem that many of these countries are facing. However, I'm confident that bitcoin is a good development for developing economies. So, it should be encouraged.

Indeed, its really surprising to see many developing country right now accepting cryptocurrency and bitcoin. Maybe many country still prohibit bitcoin if used for payment but they still allowing bitcoin for trade. Bitcoin will bring more peoples more aware about cryptocurrency and i do believe in near future bitcoin can be used for payment in every country in the world

We I agree and appreciate the positive picture we all have about Bitcoin but have you guys read some of the contradicting views that it is not good for an economy with having fiat or cash money and banks? If an economy is build around the paper money of fiat, it would be controlled by the central banks as well and the government with its fiscal and monetary policies will be able to have a check on the unemployment and inflation.

But Bitcoin takes over in such countries, it will not be possible for the government to regulate things and might lead to mess which is a disadvantage of the role of Bitcoin in underdeveloped countries.

polymerbatt

full member

Activity: 350

Merit: 100

What i think is bitcoin can help jobless people on developing countries by providing a job like bounty and signature campaign or other job. In some countries payment on 1 week signature campaign at least can make a living to him or even his family. It's better than doing nothing in real life without job. At least your can earn some bucks and can buy food for you.

Himanshu111

sr. member

Activity: 462

Merit: 250

Quote from: junglist.massive on August 02, 2018, 01:07:40 PM

Quote from: Epimetheus on April 27, 2018, 02:10:16 PM

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 Wink

. 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

Yes really bitcoin is very helpful for those of us who have insufficient economy with bitcoin can help the economy becomes better. And there are a lot of evidences that bitcoin helps a person's economy get better.
Bitcoin is also not too difficult to be a job, so bitcoin can reduce unemployment in this world.

Bitcoin is very trending these days in the market.Bitcoin has entered in every nation and people have mixed comments about it.Some nations are supporting bitcoin while some have banned it.Governments of developing nations are not sure about bitcoin.Since a large percentage of people in these nations are illiterate and poor so people have no idea about bitcoin and other cryptocurrencies.Bitcoin is also very volatile and decentralised so the government and central banks are scared of legalising bitcoin.

junglist.massive

hero member

Activity: 759

Merit: 500

Quote from: Epimetheus on April 27, 2018, 02:10:16 PM

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 Wink

. 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

Yes really bitcoin is very helpful for those of us who have insufficient economy with bitcoin can help the economy becomes better. And there are a lot of evidences that bitcoin helps a person's economy get better.
Bitcoin is also not too difficult to be a job, so bitcoin can reduce unemployment in this world.

Shadon24

newbie

Activity: 140

Merit: 0

In developed countries bitcoin is generally accepted by investors as the type used to trade, exchange, buy and sell or even reserve such as can pay the rent by bitcoin ...or pay the rent bycle...

uchechiboy

newbie

Activity: 57

Merit: 0

Bitcoin is in many country with fully confidence in them, as times goes on,other country will also accept them in .

Kadot amoh

jr. member

Activity: 105

Merit: 1

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.

efxtrader

full member

Activity: 924

Merit: 100

GoMeat - Digitalizing Meat Stores - ICO

Quote from: James_Cline on August 01, 2018, 05:29:27 AM

Bitcoin's acceptance is increasing in many countries. Surprisingly even the developing countries are taking it on. But it might not solve many of the problems in these countries. If you are good at crypto-economics, you very well know that bitcoin has a deflationary nature. So, it cannot in any way possible lead to inflation. But it won't also solve the corruption problem that many of these countries are facing. However, I'm confident that bitcoin is a good development for developing economies. So, it should be encouraged.

Indeed, its really surprising to see many developing country right now accepting cryptocurrency and bitcoin. Maybe many country still prohibit bitcoin if used for payment but they still allowing bitcoin for trade. Bitcoin will bring more peoples more aware about cryptocurrency and i do believe in near future bitcoin can be used for payment in every country in the world

RyhaniFoyej

newbie

Activity: 392

Merit: 0

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 development countries of the world have accept bitcoin as a transaction system and nowadays a lot of people use bitcoin as transaction and paying the online bills because of its easy transaction method and safety. But the government of some countries have banned it. They thought it is an illegal because it is difficult for them to understand and so they are not supporting bitcoin. But bitcoin is not disturbing the economic of a country. It helps the economy of a country to developing. The countries which have banned bitcoin from their countries, they will be lagging behind the development but there will not be any problem of bitcoin to develop.

Dontme

sr. member

Activity: 798

Merit: 255

Quote from: Epimetheus on April 27, 2018, 02:10:16 PM

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 Wink

. 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.

mybtcasset

newbie

Activity: 238

Merit: 0

Bitcoin in developing countries is seen rapid growth in terms of ATMs and banks are supporting crypto deposits and even bitcoin-based banking products

Redhead5

jr. member

Activity: 210

Merit: 1

Quote from: megatrix on August 01, 2018, 06:13:42 AM

So far, Bitcoin has helped a lot of countries overcome their financial struggles, it all started in providing new means and ways to earn on a family level, the basic unit of the society. People now has means of providing to their family's needs. To add up, what I know is that Bitcoin is s a deflationary currency meaning it will not cause inflation and not disrupt the economy.

Actually Bitcoin in developing countries helps economic growth better because people have the option to earn additional income with their effective manipulation of bitcoin platforms with the best of their knowledge and the technology that their countries accepted it. It eagerly get people to involve with it because it can helps ease their financial needs in life.

concept2

sr. member

Activity: 750

Merit: 258

Quote from: Underlord on August 01, 2018, 05:23:23 AM

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?

although in some countries many have known and even use bitcoin, but in fact there are still many areas left behind that do not even know bitcoin because the level of education is less advanced. The government seemed to cover up the bitcoin news with negative news, so the public interest is very less with bitcoin, it happens in my country. The public is very dependent on the government.

Yeah we are having the same problem too when the government here always give fake news about bitcoin and give bitcoin bad reputation to scare people away from it. And because some of us don't have the chance to access to education and some others just believe what the government says without doing some research into bitcoin, bitcoin can't help our economic situation much. Another problem is that some well-educated people were scammed and lost their bitcoin to the bad guys, which results in they trying to talk other people out of getting involved in bitcoin although what cause them to lose money is the scammers, not bitcoin itself. I really hope that bitcoin would have a better future than this in my country.

megatrix

member

Activity: 217

Merit: 22

So far, Bitcoin has helped a lot of countries overcome their financial struggles, it all started in providing new means and ways to earn on a family level, the basic unit of the society. People now has means of providing to their family's needs. To add up, what I know is that Bitcoin is s a deflationary currency meaning it will not cause inflation and not disrupt the economy.

itsik78

full member

Activity: 462

Merit: 100

Quote from: xitrum on August 01, 2018, 05:16:39 AM

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?

Even though bitcoins are well known in the developed world, but its popularity is not high, you can see that the market is fluctuating continuously and bitcoin prices are constantly adjusting, it is the continuous adjustment of Bitcoin is very difficult for people to use bitcoin to exchange currency. And also because bitcoin has no control, so the price is blown arbitrarily has come to manipulate the market.

I'm a little disagreeing with you. There is progress, although it is not as active as we would like. More developed countries are actively implementing cryptotechnologies, provided that the country has the makings of democracy. In Poland and Estonia at the state level, many block-or crypto ideas are being discussed. Poles are working on the national crypto currency (linked to their national currency), and Estonians are even trying to figure out how to integrate blockchain technology into the healthcare and open banking industry.
Although many developing countries do not have a single policy towards bitcoin.

Nanot

member

Activity: 266

Merit: 10

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?

As for me..thier would be increasing in all aspects of the goverment sectors because it promotes wealth and prosperous life of the economy. It will also affect the economy state..more bitcoin more opportunity of big impact of change and increase to the level than before. For me bitcoin is good for the country it can be a life supporter it also raising up small peoples in the society as well as to help them more.

Topic: bitcoin in developing countries - page 6. (Read 3371 times)