Topic: Why most bitcoin users from good economies countries? - page 17. (Read 35267 times)
Yes of course because someone teach them how to invest and to make more profit about in good trading strategy
We cannot hide the fact that it is true that most Bitcoin users come from countries that at least have a good economic status and at least we can say a stable community and a country that other countries can depend on. Bitcoin is undeniably reach different kinds of milestones that is hard to reach for other Cryptocurrencies. They are supporting any means of getting more out of it because it can help them increase their economic status and if other countries utilizes it well too, then it might help them increase their status as well.
because most country have the good and quality education they knowledgeable in bitcoin and develop it.and i think also the technology. most country support the users because they concerns in technology because they can invest in crypto.
Most bitcoin users from good economic countries ,for this countries are abundant to power source and supply and an adequate supply of internet access on those countries that is why mant bitcoin holders come from this higy economically countries.
As you can see, countries with developed economies hardly use the total prohibitions on cryptocurrency. For them it is not necessary. They are more concerned about the possibility of using blockade technology for the benefit of their economy and protection against common cases of fraud in this area.
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.
Advanced countries don't only have the big economies but they also have the facilities to aid the penetration of bitcoin compare to several other countries and the reason why I think the United States is at the fore front is because of the amount of freedom its citizens enjoy no matter how they want to control it. Facilities that are lacking in some poor countries of the world are
1. Internet especially in third world countries is still a very scarce commodity and expensive one in which we all know that knowing about bitcoin alone is dependent on this essential commodity.
2. The level of education, in the advanced world, the literacy level of there is very much high where you will hardly see someone that didnt have any formal education but down to the third world countries you are even unable to count the amount of population that does not even know that a computer exists.
3. Another issue of concern is adequate statistics which is something that the advanced countries have lacking in the third world countries.
Summing all the above together, I don't expect anything different in that statistics and for the third world countries, it only shows that there is a long way to go.
Because good economy countries have smart and wealthy investors, they are always looking for ways to increase their money by investing in new and potential markets. They take significant risks and turn risk into an opportunity for themselves. Least developed countries have investors who are always afraid of risks.
Because they have a good economy that they can provide a good of capital to their crypto investment and earn a good profit too. That's why mostly bitcoin users are from good economy.
It is true and one more thing about the government of that countries. Supply bitcoin into the system of economy, so people can get profit simply and use Bitcoin in every day.
Obviously, bitcoin clients are originating from the nation that has a decent in the economies. Do you assume that nation on the innovation can give a bitcoin client. Nations like America and Canada have officially acknowledged bitcoin, or all the nation on the picture are the nation receive the bitcoin. They have better web contrasted with different nations since that nation is a need on of access to the innovation.
I think that's because at the early stage bitcoin was mainly supported by IT-enthusiasts and libertarians who had a profound knowledge and interest in the theme, as you can afford digging into staff like that and invest when your living standatds are high. However, when you live in a poor country and have to toil whole day to make for living, not much time and interest is left.
I find you thought a good one. Another reason is, Bitcoin originated in a country where people are open for a change and technology evolution.
The American adults to help map out the cryptocurrency landscape in the US. It found that 7.95% of the population has invested in a cryptocurrency, leaving much room for adoption to grow among the vast majority of Americans. And among the 92.05% of didn’t buy any cryptocurrency, 7.76% do plan to purchase some in the future.
As for the reasons people didn’t invest in cryptocurrency, 35.02% fear that the risk is too high, 27.04% find it too difficult to understand, 17.97% say it’s a scam, 16.12% are waiting for the “bubble” to burst, 11.40% find it too difficult to use, and lastly 5.75% think that there are too many fees. Just 40.01% say they are not interested or they think there’s no need for them.
The three most popular cryptocurrencies are bitcoin, with an estimated 5.15% of Americans surveyed owning an average of $3,453.89 in BTC; ethereum, with an estimated 1.80% of people owning an average of $1,243.42 in ETH; and bitcoin cash with an estimated 0.90% of people owning an average of $636.22 in BCH.
I think that's because at the early stage bitcoin was mainly supported by IT-enthusiasts and libertarians who had a profound knowledge and interest in the theme, as you can afford digging into staff like that and invest when your living standatds are high. However, when you live in a poor country and have to toil whole day to make for living, not much time and interest is left.
I find you thought a good one. Another reason is, Bitcoin originated in a country where people are open for a change and technology evolution.
I think that's because at the early stage bitcoin was mainly supported by IT-enthusiasts and libertarians who had a profound knowledge and interest in the theme, as you can afford digging into staff like that and invest when your living standatds are high. However, when you live in a poor country and have to toil whole day to make for living, not much time and interest is left.
Trading was mostly participated by the well developed nation while bounties was mostly dominate by poor countries. Primarily reason is capital. We are know that poor countries are struggling everyday to get money for their living. While those rich countries have always a extra amount of money to invest in crypto currency.
The good economic countries do not necessarily use bitcoin, like the strongest economy in the world are actually in the elimination of bitcoin altogether as it is a threat to their economic value of a currency. But on the contrary, it is also true that good economic countries are slowly adapting to the change
in countries are different opinion about bitcoin, most support bitcoin is japan state, in my country bitcoin is still rare, and its enthusiasts very little, i will develop bitcoin.
They have technological development and the government invests more in technology. Developed countries will have better coding practices than less developed ones.
I think it is natural that most bitcoin users from good economies countries, this is because in developed countries all the free information obtained without ever being in censorship or blocking, even developed countries give everyone the freedom to do everything including making coins.
but the last news I heard, that China is a country with the largest Bitcoin investor
some policies from China also caused the market to change drastically
and I think the most influential countries on the crypto economy are China and the United States
some policies from China also caused the market to change drastically
and I think the most influential countries on the crypto economy are China and the United States
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.
We cannot expect for poor countries people can adopt bitcoin because aside from their hardness in life they will tend to work hard as what they usually do rather than knowing bitcoins and earning money from it. Especially nowadays there are many fake news against bitcoin and people made into conclusion that bitcoin is scam thing. Aside from that maybe some of them especially at younger age has the eager to explore bitcoins.
bitcoin is mainly spread in technology developed countries so now it is spreading towards underdeveloped countries it may take time for positive growth due to price volality
A technology like bitcoin is going to be at first be adopted by people in countries that are richer and can afford to invest in a product that is still not ready for mass adoption but once it is ready and thanks to the lightning network it will be ready soon, then that is when the rest of the countries will begin to put more attention to bitcoin and other cryptocurrencies.People living in rich countries can afford it and they have the extra money to invest in other things that are not yet widely adopted. They are willing to experiment too and risk takers unlike in developing countries wherein the people can barely eat three times a day and they cannot even think of investing because sometimes their salary is not even enough for them and they have to borrow. It is about survival and the cost of a coin is expensive in other countries while in developed countries it maybe still cheap.
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