Topic: Why most bitcoin users from good economies countries? - page 12. (Read 35267 times)
The bitcoin ATM could really make us conclude that these countries are the one's who had so much love for bitcoin. They find it useful as nobody would want to use bitcoin ATM for no reason at all. These could only mean that as you might have been thinking are the countries with most users. It is possible really but somehow this is not the only factor we are going to consider. Internet connectivity is one, Initiators and entrepreneurs are also a big factor that could influence usage of bitcoin and install these ATMS. There are so many factors to look at yet these are the things that could have made it popular.
I guess it is because the citizens living in those countries with good economies would have more extra money to invest into bitcoin as compare to countries that are falling behind in development, and which companies would want to install a bitcoin ATM in a country that only attracts a few customers buying bitcoin from the machine daily? The obvious choice would be to install more bitcoin ATMs in the countries with good economies as the spending power of the average citizens there would be higher.
yes because they have information and knowledge about cryptocurrency and know the development of currencies and always do a search to grow their assets so they can know bitcoin and finally trade on bitcoin.
Countries with established economies have fast and stable internet networks. While bitcoin as a digital currency in running its operations requires fast and stable internet, because everything happens in cyberspace. To find info, data sources, and everything about bitcoin, it's very easy. Compared to technologically backward countries, if there is an internet network that is too slow and the signal is sometimes lost, then bitcoin is only known to be incomplete. 
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.
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.
Obviously those more adoption of bitcoin listed here are actually have a capability to adopt because of a rich country and enough electricity and internet also the digital technology is coming the big country like the leading country which is USA.
I am from Indonesia, but the economy in my country is not that good, which is why there are not so many crypto and blockchain users here
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.
I think most Bitcoin users come from countries with good economies because they have the opportunity to access and use new technology. It is clear that with a good infrastructure and a wide variety of markets, the land that exists for Bitcoin is vast. And with the open economy they can be more secure in using Bitcoin than in other developing economies. 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 own opinion there are a lot of bitcoisn users in that because bitcoin cannot be discovered by those people who do not have an internet Connection way back then because bitcoins are just pipular by those people who are always in the internet.
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.
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.
yes because they have information and knowledge about cryptocurrency and know the development of currencies and always do a search to grow their assets so they can know bitcoin and finally trade on bitcoin.
There was a redistribution of funds from rich to poor people in my opinion. Countries, in which people are well-off can risk more free means than people in poor countries. Accordingly, where one lost, others acquired.
perhaps due to literacy and the opportunity to invest free funds in different directions? in General, I thought that undeveloped countries invest more
excess money, comfortable live, big risk credit, access to technology and knowledge.
perhaps due to literacy and the opportunity to invest free funds in different directions? in General, I thought that undeveloped countries invest more
Every transactions are recorded in the block digitally that acts like a ledger. All blocks are connected to each other so that nobody can alter it .Bitcoin users are mostly from economically developed countries having minimum required education and living facilities through the state government so Bitcoin is globally attracted for the daily requirement.
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?
People of countries with backward economy (I suppose that's what you meant by "people of small countries") have a bunch of other problems starting from lack of drinking water and electricity to constant social earthquakes and wars.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?
Earning money in such countries is a process based on primitive extraction of mineral resources and prehistoric methods of trading.
So I really doubt that their interest in bitcoin and crypto in general will explode in the nearest several decades.
Most likely they were one of the first who learned about bitcoin and began to be interested in this sphere and earnings on it. It is also possible that this entire sphere began to develop more rapidly in their countries and people believed in it and invested their money. Do not forget that in such countries, people more trust in various online currencies and in those days for the price of bitcoin, which was a sin not to invest at least a couple of dozen dollars.
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.
https://i.imgur.com/pgqaTer.jpg
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.
https://i.imgur.com/pgqaTer.jpg
Bitcoin procedures really has a great impact regarding the economic growth of a country. Since it decreases number of unemployment in the country, it lead into increase to their economic status. Thus, gaining profit from the operation of Bitcoin can contribute to the life of an individual which will reflect also to their economy.
Bitcoin users continue to increase. It is the part of the process of innovation.
In my opinion, the reason why most of the crypto users are from the richest countries is simply because of the technology, most of the third world countries are not interested in the new technology, and that is because they already have a lot of problem finding food, their problem is how to get food and to survive a day without dying, so new technologies are just way out of their heads. One more thing is that, they they dont have enough information about cryptocurrencies and other modern technologies.
You are right, for countries with poor economies, what people care about is work that can generate money and help them maintain their daily lives, technology with them is a luxury, they do not even have enough time to work, why should they care about bitcoin or technology. While for countries with good economies, they have the advantage to develop and optimize the benefits they receive from bitcoin, their condition and time are too much for that, Bitcoin users are concentrated in most of these countries is a sure thing
The use of crypto currencies is indeed monopolized by countries that are already advanced because they already have a good economic level in contrast to countries that are still developing, let alone to use bitcoin to eat, many residents are still in trouble, so I think for the use of crypto currencies in developing countries it will be very difficult to implement
A lot of people in really poor countries don't even have internet. How in the hell can they use bitcoin if they don't even have access to a computer. I read that only half of the people around the world have internet access.
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