Why most bitcoin users from good economies countries? - page 19.

weblouartisan

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Lets Go Adab

Quote from: Sled on June 25, 2018, 09:56:04 PM

Quote from: topkhai on June 25, 2018, 02:58:11 AM

They have everything to support bitcoin growth that is a solid economic strength and people's trust for new things is very strong. They are confident in their choice

Yup the people in the good economic countries are trusting new ideas and more innovative projects because they are used to invest or believed in those things because their country is improving because of that way of thinking and that is why they are also adopted that thinking and using it in terms of using their money to invest.

Just like how japan today is using bitcoins to improve their own economy and they are legalizing cryptocurrency because they knew that it will bring wealth to everyone if they will allow their own people in the community to use it.

rasp

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

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 number of Bitcoin ATMs says nothing about the actual share of participation of this or that country on crypto market.
Take China, for example: running and participating in ICO was prohibited there in 2017, but the Chinese are still buying already registered ICO accounts and do trading as if nothing happened.
That's the power of crypto - you are able to overcome all the obstacles in order to get a piece of the pie!

tutakhamunba

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Quote from: Rebisco on June 26, 2018, 07:31:06 AM

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.

https://i.imgur.com/pgqaTer.jpg

It is because of the quality of the education that they have. In my country, there are only few people who are aware to what is bitcoin because the quality of the education in my country is not good like the education in the first world and developed countries.

The education is very important, with good knowledge, people can learn and evaluate the value of a new technology like blockchain, instead of scary on talking about it, and try to ban it out of social life (the way that 3rd countries do with bitcoin)

Erganadine2728

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Because of its ignorance for other countries about bitcoin can be the reason. I think most of the bitcoin holders are from a good economy country. Bitcoin could be the main currency in their country it is possible. Grin

ShitTL

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As their economy would have regimes as well as more modern and modern thinking, bitcoin contributes to economic development as they learn new and modern things than they smart more

elkafee79

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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.

https://i.imgur.com/pgqaTer.jpg

Yes, I think most investors come from good economies, because they are open to the idea that the income we get does not need work to survive, but from the underdeveloped countries, they still believe in the old system, that is, have a job , You will be guaranteed a lifetime, but it has consequences if your work, is your only source of income. That's in my opinion.

fight-T

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Simple, first, they have money to invest in bitcoin. Secondly they live in a developed country where technology also grows, they grasp the trend and grow.

Cinemo

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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.

I do believe right direction and the market affect their own experience, right? Broken up into the future. Cause bitcoin is our economy and technology in your own profit from being wise to invest, and the market will be grown from being a new cryptocurrency that you have the future, a good

Dorion2124

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Its because they have a lot of money to invest in bitcoin, dont expect that poor people or poor country know about bitcoin because they would rather look for a food they will eat everyday than to waste their time in bitcoin, because what important to them is to live and to have money for their needs. Poor country can participate in bitcoin if they internet to access bitcoin, and they can join this forum to have a bitcoin.

automaticmoney

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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

Rebisco

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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.

It is because of the quality of the education that they have. In my country, there are only few people who are aware to what is bitcoin because the quality of the education in my country is not good like the education in the first world and developed countries.

talenah kotang

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It is clear because it is from the economic side they are very good and the government accepts it, but every country also has its own reasons for this. Maybe from the economic side they are not good and unstable then they have not used this bitcoin. Even so, if the government has not received some of them still use bitcoin but not for transactions.

Whosdaddy

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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.

Lol that’s because they are from the good economies countries 😂you already answered that question by yourself. How can you have the money to invest in Bitcoin when you’re living in a bad economy countries? 🤔In my country I find it difficult to pay for economy flight, not to talk of having the money to buy up to one Bitcoin.

So it is not easy for those that are living in countries with bad economy. You will have to work hard to make a living, you will work ten times of what someone that is living in a good economy country is working to be able to make it.

Burogh

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COVIR.IO

Most good economies country have good internet infrastructure. Making bussiness with bitcoin or cryptocurrency, the most important thing is internet connection. Some third country dont have good internet connection and thats why many their citizen dont know about cryptocurrency or bitcoin

buttonmc

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If to be honest I have friends all over the world, and I have seen their mentality, our mentality is more than investing, and the east mentality is more than saving or just spending all the money that they have.

nesty

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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.

Where did you get those statistics? I don't think so because as of the moment we do not know who are the holders of the crypto currencies most of the coins in the market are still holding by majority anonymous of people and we cannot identify their nationalities.

iSasuke

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First thing is the money. Investing is a high risk activity, and one should invest with money he can afford to lose. So if people from poorer country can't pay their bills, they can't afford to invest much.
Second thing is technology. Some countries now aren't in a situation to adopt blockchain yet.

Sled

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Bitcoin- in bullish time

Quote from: topkhai on June 25, 2018, 02:58:11 AM

They have everything to support bitcoin growth that is a solid economic strength and people's trust for new things is very strong. They are confident in their choice

Yup the people in the good economic countries are trusting new ideas and more innovative projects because they are used to invest or believed in those things because their country is improving because of that way of thinking and that is why they are also adopted that thinking and using it in terms of using their money to invest.

vik254

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I dont think so... when you measure bitcoin holders per capita you will realize that most African countries are doing better than the first world countries. in instance kenya is among the top ten in that list. its second in africa after Nigeria the 3rd position is occupied by south africa. when you compare kenya and other developed nations you will realize that the country as a high percentage of their gdp in crypto. Its currently around 2% of the coutries gdp

andrei56

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Quote from: Crabman on June 16, 2018, 02:20:14 AM

In my opinion, a lot of bitcoin users are in poor countries. In countries with low economic and social security, people are more likely to pay attention to alternative income.

Not really, it is obvious that people from countries where the income is greater have more money to spare in something as volatile and unpredictable as bitcoin, however people in countries with bad economies where the currency is very weak have a real use case to hold bitcoin instead of their fiat, after all even if the dollar is inflating it is not crashing like other currencies.

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