Topic: Can bitcoin penetrate the market of developing countries soonest? - page 2. (Read 417 times)
December 14, 2018, 01:44:22 AM
I think it would be possible for bitcoin is really one of the significant currency though it's also known for it's volatility. Let just think it on a positive way.
December 14, 2018, 01:35:03 AM
OP, less regulations, and more encouragement from the government through tax cuts for cryprocurrency acceptance and usage.
I believe education on Bitcoin should be a priority too.
I believe education on Bitcoin should be a priority too.
December 14, 2018, 12:24:20 AM
We don't have to do anything, once it is penetrated to those countries it will start to be recognize by people there who are into technology. AFAIK there are places that aren't supported by PayPal and they are looking for another payment method/processor.
I think with that problem, bitcoin can solve that problem for the needs that they are lacking of. We just need to continue and probably if you have some friends from there, at least tell them or ask them if they ever heard of it. If they are interested, educate them in the slightest/best way that you can.
I think with that problem, bitcoin can solve that problem for the needs that they are lacking of. We just need to continue and probably if you have some friends from there, at least tell them or ask them if they ever heard of it. If they are interested, educate them in the slightest/best way that you can.
December 14, 2018, 12:06:26 AM
Bitcoin has been hailed as a revolution in the past many years but one thing that is stifling this revolution is the lack of massive adoption by the people. Well, we have to remember that in the global marketplace it is going to be the users that can determine the life or death of anything. When there is a big demand for anything, you can be sure that the price can increase otherwise things will be going south. As of now, there remains the very slow progress on the adoption of Bitcoin especially in third-world countries and it can be because the right infrastructure is still not there and the fact that it can be taking time for Bitcoin to penetrate as there is no massive investment on advertising here unlike many multi-national companies which got money to burn on telling people on the beauty and advantages of their products or services...relying on the power of mouth can only do much for Bitcoin. Plus the fact that there remains the stigma attached to Bitcoin due to many scams that utilized Bitcoin as their mode of payment so there are many people who are afraid of Bitcoin (this is of course aside from its sordid volatility).
December 13, 2018, 11:13:24 PM
Bitcoin is already slowly but surely penetrating the markets of developing countries in Asia, mostly on 3rd world countries. It's just that the money getting into bitcoin is really not that significant, hence it really doesn't have that much effect on price. Bitcoin will get adoption a lot faster on these types of countries in my opinion, whereas inflation rates are growing higher. Pretty much countries that will likely face hyperinflation just as how the Venezuelans experienced it. People will be looking for an easily-accessible hedge, like bitcoin or cryptocurrencies in general.
I'm not sure if we really need to do anything to reach those said countries. I think they will adopt bitcoin when they need it. I think bitcoin as a hedge and as a store of value will go first, rather than the bitcoin as a payment currency as most people are looking forward to.
I'm not sure if we really need to do anything to reach those said countries. I think they will adopt bitcoin when they need it. I think bitcoin as a hedge and as a store of value will go first, rather than the bitcoin as a payment currency as most people are looking forward to.
December 13, 2018, 09:24:40 PM
Talking about the declining value of the bitcoin plus that of other cryptocurrencies- in recent times, various concerned bitcoin enthusiasts, scholars, traders etc have argued that the value of bitcoin is determined by several factors among which the forces of demand and supply seem to resonate actively.
The question therefore is, what can be done to deepen the bitcoin market in developing countries of Africa, Asia, Latin America and the likes?
The rationale is this, if the degree of acceptance (demand) for bitcoin in these frontiers increase its only sure that the value of bitcoin would increase as well.
The question therefore is, what can be done to deepen the bitcoin market in developing countries of Africa, Asia, Latin America and the likes?
The rationale is this, if the degree of acceptance (demand) for bitcoin in these frontiers increase its only sure that the value of bitcoin would increase as well.
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