Why most bitcoin users from good economies countries? - page 11.

horrifiedx1

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Quote from: MainIbem on November 14, 2018, 08:34:06 AM

Quote from: Crypto24hrs on September 08, 2018, 06:39:52 PM

For one to trade with Bitcoin certain factors has to be put into consideration first and must be available-
Knowledge which they say is power
Adequate information about the transaction process
Constant power supply
And of course data and the financial strength to acquire the initial BTC
The above factors are the constrains of people from poor economic countries.

The opportunities available to the people in the good economies far overweigh those of the poorer economies. Exposure to information too, is another factor. From a younger age, people in the good economies are exposed to internet, ICT etc. While those fro poorer economies get this at an older age.

besides, of course, countries with good economies have superior human resources, so that they are financially prosperous. that way they can keep up with technology and read opportunities about cryptocurrency

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Quote from: MainIbem on November 14, 2018, 08:34:06 AM

Quote from: Crypto24hrs on September 08, 2018, 06:39:52 PM

For one to trade with Bitcoin certain factors has to be put into consideration first and must be available-
Knowledge which they say is power
Adequate information about the transaction process
Constant power supply
And of course data and the financial strength to acquire the initial BTC
The above factors are the constrains of people from poor economic countries.

The opportunities available to the people in the good economies far overweigh those of the poorer economies. Exposure to information too, is another factor. From a younger age, people in the good economies are exposed to internet, ICT etc. While those fro poorer economies get this at an older age.

Indeed, people who live in good economies, they are eligible for exposure to new technologies from a very early age, they have more time to study and research while with poor economies, their time is spent on making money, they do not have time for new technology. In addition, with a good economy, we can easily invest in bitcoin, we do not need to worry too much about the risks, everything is under control, and so, we do not need to be surprised when bitcoin users are concentrated in most countries with good economies, their superiority is too obvious and overwhelming

MainIbem

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Quote from: Crypto24hrs on September 08, 2018, 06:39:52 PM

For one to trade with Bitcoin certain factors has to be put into consideration first and must be available-
Knowledge which they say is power
Adequate information about the transaction process
Constant power supply
And of course data and the financial strength to acquire the initial BTC
The above factors are the constrains of people from poor economic countries.

The opportunities available to the people in the good economies far overweigh those of the poorer economies. Exposure to information too, is another factor. From a younger age, people in the good economies are exposed to internet, ICT etc. While those fro poorer economies get this at an older age.

brotherwood12

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i think because they know the function of bitcoin and was find the opportunity from bitcoin itself , i think just like that IMO

rushel22

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Quote from: adadaorlina on October 30, 2017, 12:19:23 PM

Those countries able to harness the power of information and communication technology are reaping ever more benefits of blockchain technology and bitcoin.

Yeah. For me, it is because countries that has a good economy is maximizing the technology. What I mean is they are more modernize than other countries.

Tatsuyashiba

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Quote from: TTITA on October 30, 2017, 10:51:18 AM

We can not deny the big country with good economy, it will make the society economy better too.
So they can follow the economic development and participate in transactions and investments in Bitcoin era.
How the people of small countries can participate in participation and benefit from it?
It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics.
Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.

in my opinion this is simple, because the purchasing power of people in developed countries is greater than in developing countries, such as the picture you showed above, the purchasing power of the people of America tends to be large, and they like investment with high returns, and a high risk , just like in 2008 when there was a property crisis

Diablesfunis

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Because their standard of living is better than the one in developing countries and they are more educated about investment and finance so that's why there's more crypto users there because they care about their money's value. People in developing countries have other priorities and usually most of them only invest in gold or property, there's only a little awareness for crypto.

virtfund

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The main reason of this situation is lack of awarness of people who live in poor countries. In such countries, citizens have their own agenda and it relates to local news (not regional or world wide developments). Since these people struggle with basic problems like having a bad educational system, they also do not have ability to evaluate in a right way risks and opportunities of recent developments.

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Quote from: Jhonthor on September 16, 2018, 02:45:47 PM

Quote from: Neraj Evad on July 24, 2018, 05:54:51 AM

Most bitcoin users come from good economic countries because this countries are abundant with power supply and a strong internet connections, that is why they can rely on their uninterrupted supply which strongly needed in involving cryptocurrency activities and works.

I think since the country's economic it was good, the population can buy everything needed to buy a tool that made the means to manage bitcoin. for example the necessary tools is PC or Internet network. and I think since most of the population in developed countries already have access the Internet and electronic equipment. and technology education in the country existing and the majority of people want to learn to use technology.

Because those countries are not negatively affected by cryptocurrency and they can invest anytime they are interested and make more income depending on the situation of the market.

rickyNmorty

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Quote from: adadaorlina on October 30, 2017, 12:19:23 PM

Those countries able to harness the power of information and communication technology are reaping ever more benefits of blockchain technology and bitcoin.

Got a point. Simple because they can gamble their money because they are not afraid anymore with this kind o scenario amd they really into markt investment. They are capitalist in their own way that is why probably it is the reason why they deal with it. We can also say that the government there supports this kind of market.

Dark Sky

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Quote from: Pakwan12 on September 16, 2018, 02:57:44 PM

It because those countries are have good technology and they know how to spread information,and they have enough money to manage the bitcoin.

Their government can understand that bitcoin is a valuable currency for their citizens and also for country's economy increasing that's why they want to improve bitcoin currency and people can easily earn and invest in bitcoin, if other countries where government cann't accept this currency they don't know it will not good for them because their people will not become rich immediately and their life will suffering from many problems, so every country should accept this currency for their people and their country's economy.

Pakwan12

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It because those countries are have good technology and they know how to spread information,and they have enough money to manage the bitcoin.

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Quote from: TTITA on October 30, 2017, 10:51:18 AM

We can not deny the big country with good economy, it will make the society economy better too.
So they can follow the economic development and participate in transactions and investments in Bitcoin era.
How the people of small countries can participate in participation and benefit from it?
It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics.
Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.

The reason why most bitcoin users from good economic countries is because the government of their country accepts bitcoin or do not consider botcoin as a illegal currency. I also think maybe bitcoin is the reason why these countries have good economy.

Jhonthor

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Quote from: Neraj Evad on July 24, 2018, 05:54:51 AM

Most bitcoin users come from good economic countries because this countries are abundant with power supply and a strong internet connections, that is why they can rely on their uninterrupted supply which strongly needed in involving cryptocurrency activities and works.

I think since the country's economic it was good, the population can buy everything needed to buy a tool that made the means to manage bitcoin. for example the necessary tools is PC or Internet network. and I think since most of the population in developed countries already have access the Internet and electronic equipment. and technology education in the country existing and the majority of people want to learn to use technology.

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I think that the reason may lay in technologies and how information spreads. Good economy countrys citizens have more opportunities to get info abot BTC and other crypto in my opinion.

bagalkot

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Quote from: Soneo on September 16, 2018, 02:18:16 PM

Quote from: gnaylor on July 13, 2018, 03:10:50 AM

the countries that have not a good economy 7 but a higher technological adoption rate are slowly realizing that bitcoin is the culture of the economic trading standard and are testing these concepts on a small scale, these include South Korea and Germany to be on the top of the list,

I think countries with good economies are open-minded about increasing digital currencies because they have spare money to release them. We all know that Bitcoin is currently mostly used for investment only. Buy and hold. There are some traders who accept BTC as payment. This is logical because third world countries prefer paper money rather than digital currency to pay for their basic needs. Investing in digital currencies is the last thing they think, food and other basic commodities must take precedence.

The main problem is that good economic country have all facilities of technology that is why they can use the bitcoin technology and they have internet connection.

Soneo

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Quote from: gnaylor on July 13, 2018, 03:10:50 AM

the countries that have not a good economy 7 but a higher technological adoption rate are slowly realizing that bitcoin is the culture of the economic trading standard and are testing these concepts on a small scale, these include South Korea and Germany to be on the top of the list,

I think countries with good economies are open-minded about increasing digital currencies because they have spare money to release them. We all know that Bitcoin is currently mostly used for investment only. Buy and hold. There are some traders who accept BTC as payment. This is logical because third world countries prefer paper money rather than digital currency to pay for their basic needs. Investing in digital currencies is the last thing they think, food and other basic commodities must take precedence.

cryptocurrencyguru

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Bitcoin is easily available in these countries that is the reason why most investors are from developing countries we can see many atms available mostly in developing countries

abduramann

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I think the number of ATMs cannot represent the number of Bitcoin users. To my experiences, the cryptocurrencies are taking attention of developing countries because of its high possibility which may make someone rich quickly. I think the number of the bounty hunters represents the number of Bitcoin users more correctly. To me, they are mostly from developing countries.

romantic007

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People of countries with bad economics have less money and different problems to care about. Also in such countries usually there are many families who have many children, like 4 or more, and those families can't afford doing crypto.

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