bitcoin in developing countries - page 8.

ace1105

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Quote from: josephpogi on July 27, 2018, 10:10:28 PM

Quote from: cutikanzilong on April 26, 2018, 09:16:03 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 think this is a good idea because the state wants to develop bitcoin, I'm sure that bitcoin is hard to stop so the step to legalize and develop bitcoin is something to do so it's not left in the future.

Because of other countries cant stop the use of bitcoin now they want to regulate it so that it can avoid to be use in excessive illegal use. Soon we can finally here some good or bad news involving the regulations using bitcoin.

josephpogi

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Quote from: cutikanzilong on April 26, 2018, 09:16:03 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 think this is a good idea because the state wants to develop bitcoin, I'm sure that bitcoin is hard to stop so the step to legalize and develop bitcoin is something to do so it's not left in the future.

Ayaah

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Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

A lot of developing country's are now using bitcoin as their new currency. Like japan, the economy of japan is very progressive and their government is looking in advance in bitcoin and they found out that bitcoin has a higher potential that can also contribute and help their econony to get more progressive thats why the government of japan dosen't waste of time. Japan is the first country who accept bitcoin as legal tender.

Gameroid

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Quote from: efxtrader on July 27, 2018, 04:36:01 AM

Quote from: BitcoinMarketer39 on July 26, 2018, 02:34:07 AM

Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

Bitcoins is really good for developing a country because the amount of profit for cryptocurrency is very high and that is the reason why japan is legalizing bitcoins in their own country.

Indeed, in developing country like my country, peoples start knowing about cryptocurrency bussiness or bitcoin. They want to earn extra money by investing their money on this market. Peoples know that cryptocurrency growing very fast and can give big gain in short time. But sometimes peoples not aware on the risk, sometimes they dont know that cryptocurrency is long term investment

It is very good that now in developing countries people are using bitcoin. In my country now we have the facilities to use bitcoin for recharging our mobile balance and for some other purposes, but still i cannot see any shopping mall who are accepting bitcoin for shopping there. i think that it will take some more time, when more and more people will get knowledge about bitcoin.

SaraClarke1212

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In developed countries, Bitcoin can give the country a place to invest and get huge profits. But with a condition, the country's managers must take the steps must be very reasonable and careful, Because Bitcoin is also the trap of the fraudsters to redeem themselves

BryanRoseWalker

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Quote from: Btcschool on July 27, 2018, 01:28:00 AM

Quote from: harimurry on July 02, 2018, 11:13:00 PM

Being a citizen of a developing countries myself, I would add one thing that people should also be aware of, that the corruption by those in power (government, bureaucracy and politicians) in some developing countries are so acute that Bitcoin advocates in those countries should be very carefull not being tools for those bandits to whitewash their illegally-obtained money.

This fact is not really understood by the governments easily and they think that Bitcoin is a threat to their control on economy, which is not true. The reason for them to say this is because of lack of knowledge and understanding the benefits which bitcoin can bring.

I am very lucky because my country already has an official blockchain association, they are actively connected to the government and signify my country's full appreciation despite not being able to make official regulations, about fear of corruption and many other negative things, bitcoin like fiat, if controlled by strict rules then it will be positive for the related country.

efxtrader

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Quote from: BitcoinMarketer39 on July 26, 2018, 02:34:07 AM

Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

Bitcoins is really good for developing a country because the amount of profit for cryptocurrency is very high and that is the reason why japan is legalizing bitcoins in their own country.

Indeed, in developing country like my country, peoples start knowing about cryptocurrency bussiness or bitcoin. They want to earn extra money by investing their money on this market. Peoples know that cryptocurrency growing very fast and can give big gain in short time. But sometimes peoples not aware on the risk, sometimes they dont know that cryptocurrency is long term investment

Btcschool

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Quote from: harimurry on July 02, 2018, 11:13:00 PM

Being a citizen of a developing countries myself, I would add one thing that people should also be aware of, that the corruption by those in power (government, bureaucracy and politicians) in some developing countries are so acute that Bitcoin advocates in those countries should be very carefull not being tools for those bandits to whitewash their illegally-obtained money.

This fact is not really understood by the governments easily and they think that Bitcoin is a threat to their control on economy, which is not true. The reason for them to say this is because of lack of knowledge and understanding the benefits which bitcoin can bring.

Veronika94

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Bitcoin only helps to develop the economy, makes up the competition for ordinary currency and I think this is correct.

Boh manok

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Maybe bitcoin in developing countries will be more difficult to accept because most people in developing countries are still less aware of digital assets and again they are still afraid of the existence of digital currency due to a lot of provocation from some people

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

Most developing country have not enact a law against or for Bitcoin, as they do not have detailed knowledge on how it work, most do advice there citizen to avoid transacting or dealing with Bitcoin, as it is not a recognize currency in there countries.Bitcoin has an effect on the economy reason why governmental globally want to have a stack in the flow of BTC transaction.

marcous

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Actually, if you see positive things about bitcoin, of course, Bitcoin helps the economy of society. And it has been proven that many societies are changing financially. the only thing negative it is money laundering or illegal things. but until now in my country, the government has begun to open their eyes to learn bitcoin and blockchain technology.

yurekaa

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yes, it can happen. because investors can switch and withdraw their capital which has been invested in the project or bank in the country. so that the country will experience a decline in investment that will disrupt economic stability. and the government must seek foreign capital or investors to stabilize the economy.

Chetan04

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Advantages
Safety from corrupt governments and central banks
Deflationary
Bank the unbanked i.e no need for bank accounts with lots of paperwork
Works with even the modest internet connections as opposed bank apps that need 4G and powerful smartphones
Works 24/7
Low transaction fees

Disadvantages
Need to be tech savvy. Bitcoin addresses can be quite intimidating.
Need at least a moderately powerful smartphone and basic internet connection.
Highly volatile
Small transactions couldn’t be worth the high miner-fees for faster transactions i.e transaction backlogs

shreya.jeloka

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In fact, when a country has an inflation or financial crisis, the people begin to move from the currency that used to bitcoin, an example in Yunani and Venezuela a few years ago.

Henry Sy

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Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

Be straightforward with yourself. Bitcoin won't be utilized by individuals in creating nations in a way that will advance their lives by creating apparatuses for it. Its the way it has dependably been. All they will do with it is purchase and hold as a investment, which they ought to in light of the fact that the cost may go higher. Be that as it may, it won't upset financial steadiness on the off chance that it is being utilized that way.

Ladyechy

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I see in my country already many who developed the world of cryptocurrency and I also see many countries that have started to develop digital currency and created many new cryptocurrency from various countries. But the government in my country is less amenable if bitcoin enters my country, because they think bitcoin will hinder the state finances.

erikoy

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There is no relevance with the use of bitcoin in those developing countries on their economic. Though we consider developing country as poor country but it doesnt mean that the investment on the people with bitcoin during the inflation rate will affect on the economy. The economy of the country will determine on how success and production or the growth of that country still depend on agriculture and industrial factor and not with bitcoin.

BitcoinMarketer39

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Quote from: cutikanzilong on April 26, 2018, 09:16:03 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?

Bitcoins is really good for developing a country because the amount of profit for cryptocurrency is very high and that is the reason why japan is legalizing bitcoins in their own country.

WanguiWudong

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For example, in China, bitcoin was banned by government and not supported by the public.

Topic: bitcoin in developing countries - page 8. (Read 3369 times)