Bitcoin to 3rd world countries - page 5.

Vannie12

full member

Activity: 630

Merit: 130

1 Bitcoin=$11k USD

Examples of third world countries ( correct me if I'm wrong)
With respect though.

1 Bitcoin=69877.38 Chinese Yuan
1 Bitcoin=566064.31 Philippine Piso
1 Bitcoin=702595.78 Indian Rupee

Hahaha..I do believe that it does mean a lot to third world countries.
And I don't blame the government why they wanted to regulate them.

I'd be lucky if I have a whole bitcoin myself you know. I pray. Grin

ajjhu

member

Activity: 106

Merit: 15

I think Bitcoins are more valuable than their legal currency in war-torn or poor countries because their currencies are not as stable as bitcoin, and of course I think Bitcoins should not be legitimate in those countries, but those The government is not capable of stopping people from using bitcoin.

HappyBack26

newbie

Activity: 6

Merit: 0

Bitcoins as well as the Internet are available to all and at the same time, therefore they can be used in all corners of the planet.

FullShoe812

newbie

Activity: 7

Merit: 0

The development of bitcoins in the countries of the world is quite possible.

makolz26

sr. member

Activity: 714

Merit: 254

Bitcoin is welcome in every country and I can't find any reason for them not to access this one, for sure they will find ways for this to have in their country,
I don't think that there is a country who does not have even a technology to access for sure they have some ways for it, I belong to a poor country but we are not late in having crypto in our country.

LongSlip537

newbie

Activity: 10

Merit: 0

Bitcoins are a currency only for developed countries, which it really needs to perform certain banking operations.

Miner228

newbie

Activity: 21

Merit: 0

I think that bitcoins will never come to the countries of the third world. This will be possible only if they catch up with developed economies in the development of the economy.

MinerOfTheYear

newbie

Activity: 23

Merit: 0

Bitcoins should develop in all countries.

Goltihn

brand new

Activity: 0

Merit: 0

I think bitcoins will soon take over the whole world!

Whiteconjuror

newbie

Activity: 20

Merit: 0

Bitcoins are the currency of the future, so it will be available in third world countries.

Windbeard

newbie

Activity: 19

Merit: 0

Most likely the future of bitcoin in the third world countries is not, because they do not have sufficient technology and resources.

drunkcoin

member

Activity: 70

Merit: 10

Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems

Turkish88

full member

Activity: 714

Merit: 104

In 3rd world countries one of the big problem is cashing out bitcoins.
But have good situation also government absolutely not control cryptocurrency

louie69

member

Activity: 322

Merit: 12

Quote from: onnz423 on January 10, 2018, 05:13:43 AM

Honestly, I think bitcoin could be a method to equalize third world economies with those of first world countries. Government corruption, unequal distribution of wealth and civil unrest make earning a good living difficult in many economically disparaged countries. However, these countries also tend to lack proper access to the internet, and also tend to have unreliable power grids, meaning though bitcoin could potentially take the control of the economy out of the governments hands, it would take government intervention to improve the power and internet networks to properly utilize it, this is something unlikely to happen soon, if ever.

In our country, bitcoin is already popular wherein it has been recognized as an acceptable currency wherein you can be able to cash it out. Like coins.ph, you may able to do your payment transactions on your bills and cash out your bitcoin savings. Many people here are inclined to joined typically in the bitcoin forum where you have the chance to earn and invest to gain more profit as well.

onnz423

hero member

Activity: 840

Merit: 508

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Honestly, I think bitcoin could be a method to equalize third world economies with those of first world countries. Government corruption, unequal distribution of wealth and civil unrest make earning a good living difficult in many economically disparaged countries. However, these countries also tend to lack proper access to the internet, and also tend to have unreliable power grids, meaning though bitcoin could potentially take the control of the economy out of the governments hands, it would take government intervention to improve the power and internet networks to properly utilize it, this is something unlikely to happen soon, if ever.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

i believe people in the third world countries actually appreciate bitcoin a lot more than others like people in developed countries. you may see a lot more adoption in the developed countries and a lot of businesses there but there will surely be a lot more users in third world countries who have adopted bitcoin.

for example in countries like India you can see how the people are struggling with their economical state and the government. they have been investing in bitcoin more than anybody else the price over there is showing this clearly.

mdripon

full member

Activity: 308

Merit: 100

Many people bitcoin use even now many country accept bitcoin. so we hope that, 3rd world increase bitcoin user and successfully. because small countries will be able to use internet properly.

oseikuf44

member

Activity: 490

Merit: 10

Bitcoin is not new in third world countries. They do trade in bitcoins too. There are huge exchange and market for bitcoin in south Africa, Nigeria, Ghana and Bennin. Their government don't have any issues with them using bitcoins for their activities.

jseverson

hero member

Activity: 1834

Merit: 759

It likely won't be as popular in poor countries because they tend to have poor infrastructure. There won't be as many people with internet access, and there would be even less people with enough disposable income to actually experiment with Bitcoin. That doesn't mean it can't propagate though, as there are also more people looking for extra income, so Bitcoin could be popular as an investment.

Citizens of countries with failing economies can use Bitcoin as a shield though, as demonstrated by the people of Venezuela. It has real utility to those who don't trust their economies anymore.

As for the government's approach to Bitcoin's regulation, I honestly don't think it has anything to do with the wealth of the nation. However, totalitarian countries are more likely to repress it, and it just so happens they tend to be on the poorer side of the spectrum, so there still may be a correlation there.

RobertoMakeli

newbie

Activity: 61

Merit: 0

Quote from: Klestar on January 10, 2018, 02:36:09 AM

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

I think bitcoin could possible replace by other altcoin look like ethereum for example but in very far far future within 20,30 years next Cheesy

Topic: Bitcoin to 3rd world countries - page 5. (Read 604 times)