Topic: Why most bitcoin users from good economies countries? - page 26. (Read 35267 times)
In developed economies, information technology and the internet also grow. Countries with underdeveloped economies will have low access to the internet. Meanwhile, the use and investment in electronic money requires internet.
because all the need to access bitcoin sellau fulfilled in a country with good economy. call it a matter of signal, in a country where sometimes to get a good signal is very difficult. especially other needs such as smartphones and also pc, in a country with good economy, almost everyone has it.
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.
Not every country can handle the growth of bitcoins because if people will place their money on bitcoins then the banks will lose some of their funds that is coming from tax and government will have a decrease on capital and their only way to survive is to eliminate cryptocurrency in their place.
These things trickle down from the developed economies to the developing and the under developed economies and this is the reason why most bitcoin users are from the good economy countries. They become acquainted with these innovations and begin their exploration and exploitation a lot more earlier than us. Hence we should accept this fact as a reality. From available information, bitcoin ATM should not be the bases for such statistics as some countries with heavy crypto traffic have no ATM.
The reason why most Bitcoin users came from rich countries just because they have the advance technologies and money that they can use in investing they can buy as many Bitcoin as they want because they have money compared to poor countries that don't have the knowledge about Bitcoin and the money they have is just enough to buy for their foods.
Those bitcoin users that came from a good economy country, obviously most of them are financially stable, they don’t have any money issues so of course it is very easy for them to acquire bitcoins as much as they want to. But of course there are some bitcoin supporters also who came from a low economy country yet they afford to buy some, it’s because they work hard to have a good living and financial stress free life.
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.
Bitcoin is very costly if you’re living in a country where your currency is worth nothing compared to those in the U.S. A country where 70k is just 200 bucks will find it difficult to invest any money into bitcoin, that’s because they are very poor. That’s why most Bitcoin investors are living in a developed countries. But it’s not a must to invest money, you can still do other things to make money through Bitcoin. 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.
This is because people is developing countries are not much educated and thus they will not understand bitcoins. Also, internet is not available everywhere in such places.
Bitcoin is a good investment that makes sense, to have good exchange rate from good economy countries. When we look at the graphic that they shared with us, we can see the most capitalist ones like USA or United Kingdom. So we can understand that bitcoin has a relation with countries that have good economies thanks to their economical methods. When you imagine a country that has low economical value, people in this country can not think bitcoin.
It is much easier for rich people to invest in new technologies. The richer the country the more it is willing to spend on research and development that may not yield any results
Well its just not about investment good country invest on Like digital money because they have some knowledge from their education learning. Thats why they invest because seen a good feature for Digital Money like Bitcoin. Developing countries, access to infrastructure, intenet is very difficult. Because of the location they live in, they are not in the field of information technology. Because of this, bitcoin users are usually concentrated in developed countries.
This is because the technology has merged into the lives of the people and almost all the companies and big shopping malls have been accepting payment in the form of Bitcoin. This has provided easy transaction to the people and has had a good decade in countries that are developed. Besides, many of the developing countries have banned the technology and many give low facilities to their people to invest and make use of the technology. 
good country economy, surely human resources in the country is very good (already discussed in school textbooks),
how can poor citizens know what is Bitcoin while the average of the population is very hungry, and the education of the average population is low...
how can poor citizens know what is Bitcoin while the average of the population is very hungry, and the education of the average population is low...
It is much easier for rich people to invest in new technologies. The richer the country the more it is willing to spend on research and development that may not yield any results
Bitcoin users are from good economies countries because the people are well educated and they may be well aware of modern technologies .Bitcoin the most famous cryptocurrency enables digital transactions between two members without any intermediary. 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 .
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I think the reason for the most of the bitcoin users are from the good economy countries is because they are open minded and they are open for more opportunities and possibilities compare to the other people who are from the less developed economic countries. It is best if all of the people from all over the world will accept and get into bitcoin even their economy is not that good.
soon, the other country will make a better infrastructure and will have a good internet connection so people will come and join into bitcoin so everybody can access bitcoin without any problem. and they will try to use the opportunity to make money like other people which already join into bitcoin so we can see bitcoin will grow more in all country.
I think this is because there country and government agency are willing to undergoing a research development that can gathered an additional resources for economic stability.
yea, who is ready to buy bitcoin for 7k usd top. while in your currency 7k usd is worth 5 million of your local currency.
who does that, i will pass.
until i have enough to eat and drink then i will think of buying bitcoin.
who does that, i will pass.
until i have enough to eat and drink then i will think of buying bitcoin.
The first reason is that almost everyone in developed countries can allow themselves to have a computer, smartphone and phone-home Internet. That is daily life of every of us to be online every day, so such opportunity to work with crypto currencies is easy acceptable. In developing countries the situation is different with all those stuff, that's why people a step back in the sense of crypto use there.
Developing countries, access to infrastructure, intenet is very difficult. Because of the location they live in, they are not in the field of information technology. Because of this, bitcoin users are usually concentrated in developed countries.
Too difficult for a 3rd world country to adopt cryptocurrency because no one is helping them even their own government. Too much corruptions, and sometimes people are not educated enough to use cryptocurrency. Mostly ICO's are comes from a largest country because thats is a right place for them to operate their project and they can't afford to take risk on making business in a country that is not open for cryptocurrency.
A lot of Chinese used bitcoin to export their capital from the country and it is surprising that they are not reflected in this histogram. It is possible that in other countries use is not less, but people hide their operations with crypto coins more.
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