Why most bitcoin users from good economies countries? - page 2.

indrakusumaindra

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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 believe its because developed country are more open to something new. They do open and also have a money and also brave enough to embrace something new. I do also think developing country are in contrary which is not so opened to new technology and i do think they are short of knowledge about this new technology, so developing country are used to just following the success of developed country.

Dontme

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Of course they have the technology and have the capability to spare some or most of their money on things which is unsure or risky. You can not expect that people from poor country such as Africa to just carelessly put their money into something while starving, they can not just spare anything from unsure things.

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Quote from: Kimonoe on June 04, 2019, 03:25:11 AM

Quote from: gwdf1 on June 03, 2019, 01:45:16 PM

Quote from: laredo7mm on May 18, 2019, 10:49:48 AM

First is the economic factor and the introduction which is certainly easier to accept for the country whose condition is quite good. because they already understand about investment and bitcoin comes one of the new investment offers. and of course the respown from the community is more open to being able to gain insight and also learn it

Most of them have a better education than people from countries with poor economics. They have the initial knowledge of the economy (basics at least). They have more money to invest in cryptocurrencies.

besides good human resources, certainly adequate facilities and infrastructure are provided by the government. especially without capital we can generate capital here

they have any resource that needed to stat investment in bitcoin or cryptocurrency.internet infrastructure provided and also they have money and knowledge how to start it.

Kimonoe

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Quote from: gwdf1 on June 03, 2019, 01:45:16 PM

Quote from: laredo7mm on May 18, 2019, 10:49:48 AM

First is the economic factor and the introduction which is certainly easier to accept for the country whose condition is quite good. because they already understand about investment and bitcoin comes one of the new investment offers. and of course the respown from the community is more open to being able to gain insight and also learn it

Most of them have a better education than people from countries with poor economics. They have the initial knowledge of the economy (basics at least). They have more money to invest in cryptocurrencies.

besides good human resources, certainly adequate facilities and infrastructure are provided by the government. especially without capital we can generate capital here

Warranteum

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I think it's not right that ATM is bitcoin users reference, china has the largest bitcoin user in the world does not need bitcoin either,
but the use of bitcoin ATM is also very good to facilitate access bitcoin use somewhere, it would be great if every regions have bitcoin ATM access.

DigitalGemToken

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Well I think that "good economy countries" as in countries with generally low inflation, use bitcoin because of it's technology. They see the use case of blockchain as in a great store of value and a great method of payment and are using it because of the tech.

"Bad economy countries" as in countries with generally high inflation, use bitcoin because it is an inflation hedge. Bitcoin's inflation schedule is fixed as there are a set amount of block rewards per block whereas currencies can be printed at will.

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gwdf1

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Quote from: laredo7mm on May 18, 2019, 10:49:48 AM

First is the economic factor and the introduction which is certainly easier to accept for the country whose condition is quite good. because they already understand about investment and bitcoin comes one of the new investment offers. and of course the respown from the community is more open to being able to gain insight and also learn it

Most of them have a better education than people from countries with poor economics. They have the initial knowledge of the economy (basics at least). They have more money to invest in cryptocurrencies.

LUCKMCFLY

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It is indeed correct in the country that I live next to Colombia, there is already an ATM present when passing through the entire border, this is new and there is a queue to withdraw FIAT from local currency. This will undoubtedly cause the economy of bitcoin to be dynamiteed, because it is reaching areas where they hardly know the technology but they move a lot of money.

goaldigger

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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.

Its reasonable why people from good economic status has great contributions to cryptocurrency because those who dont are busy building their economic life rather than cryptocurrency. This is just temporary knowing cryptocurrency can increase it in some ways after it has been strongly established in nations.

laredo7mm

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First is the economic factor and the introduction which is certainly easier to accept for the country whose condition is quite good. because they already understand about investment and bitcoin comes one of the new investment offers. and of course the respown from the community is more open to being able to gain insight and also learn it

loopes

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Quote from: sadirmrida on May 13, 2019, 11:53:58 AM

There have many reason. I discuss some of them.
1. Their technology system is high.
2. Their Manpower is highly educate.
3. Their have huge capital for investment.
4. Their government also declare that crypto is legal.
5. Deposit and withdrew system is also easy.

Without these there have also many element for this.

Thats make sense. A few years ago most of bitcoin users are geeks. But now bitcoin users are come from almost all layers of society. Globalization makes bitcoin spread faster, and the main factor of it is internet. Also we should admit that crypto related companies have important role in it because those companies provide tools and environment where bitcoin users can spend bitcoin there. Most of those companies has founded by highlhy educated people from developed country. So that 5 points are correct.

dameh2100

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Quote from: zee11225 on May 18, 2019, 03:18:10 AM

Quote from: emmybd on May 10, 2019, 12:14:14 AM

Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

Those who live in developed countries are more fortunate because the government does not prohibit the use of bitcoin, even making regulations that protect bitcoin users. Besides that education is also carried out openly with fair interaction, in the sense that there is openness about profit or loss using bitcoin.
Internet speed in developed countries is enough to conduct digital transactions such as bitcoin trading which takes place very quickly, so that execution can be done immediately.

As for me, so most Bitcoin users comes from developed countries because these countries are advance when it comes to technology and their government are openminded to study Blockchain technology further. Additionally, people in this developed country are open-minded when it comes to developing their lives.

zee11225

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Quote from: emmybd on May 10, 2019, 12:14:14 AM

Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

Those who live in developed countries are more fortunate because the government does not prohibit the use of bitcoin, even making regulations that protect bitcoin users. Besides that education is also carried out openly with fair interaction, in the sense that there is openness about profit or loss using bitcoin.
Internet speed in developed countries is enough to conduct digital transactions such as bitcoin trading which takes place very quickly, so that execution can be done immediately.

sadirmrida

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There have many reason. I discuss some of them.
1. Their technology system is high.
2. Their Manpower is highly educate.
3. Their have huge capital for investment.
4. Their government also declare that crypto is legal.
5. Deposit and withdrew system is also easy.

Without these there have also many element for this.

FlightyPouch

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Quote from: fauzan Ichsan on May 10, 2019, 01:53:44 AM

rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

I will agree with the better-supporting facilities but with the poor people focus on finding food? I guess not. Poor people do find their jobs to earn money but the thing is not all of them have jobs, well most of them the reason they are poor. Knowledge is what they are lacking. A lot of poor people can still eat but the thing is that they don't know what should be done and that is the reason they have different mindset since they don't know what to do and what should be done in order to raise their lives up as rich people do.

Odette

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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.

Yes that's true, I think that is because good economic countries are more advance when it comes to technology and they are the ones who are more incline when in comes to innovation and until now I dont see the point why people are still hating these countries as well as the idea of Blockchain technology. Blockchain brings a lot of benefits and project for everyone and most if them are really helpful like medical insurance given by Afri Health which focuses on effecient and effective medical solutions through the use of Blockchain technology. We should be all adapting to different possible solutions nowadays.

romero121

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Once bitcoin was very yound with very minimal number of users, by that time majority of the users who profited and believed in the bitcoin were from the economically grown countries. This further happened with people from the respective country following the footprints of the early adopters. Later little by little the spread of bitcoin happened with the word of mouth spreading. This is how the technology began to get spread around and the community too got widened. Now we've got people from almost every country of the world.

Robotbitcoin22

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Quote from: fauzan Ichsan on May 10, 2019, 01:53:44 AM

rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

poor people will remain poor while the rich will get richer. yes because poor people want to be employed by rich people to find food. yes you are right, if only their mindset is broad and want to look for new things, surely the poor will diminish in this world.

fauzan Ichsan

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rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

emmybd

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Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

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