Why most bitcoin users from good economies countries? - page 31.

Nick Abimanyu

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Why most bitcoin users from good economies countries?

The improvement in the economy of a country depends on the quality and way of thinking of its people so that everyone can decide what needs to be done and how to do it. If, the quality of the population's good, then the resources of the country that are inhabited will improve too. So there's a continuity between the government and its people in managing its wealth.

RNGfight

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The inflation problem in small countries is very serious.
So I think small countries are more likely to use bitcoin and blockchains on a large scale.

tentara pelajar

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Yes, a country that has a good economy is also a developed country. They have openness to new technology. They think that bitcoin can be part of a derivative of the global financial system, as it is efficient and decentralized through peer to peer technology.

bgaf

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Quote from: TTITA on October 30, 2017, 11:51:18 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.

Because people in developed countries has more places where they cab spend their bitcoins with. Unlike in developing countries, acceptance of bitcoin as a means of payment is not generally accepted. But i think that more people in this forum belongs to underdeveloped countries. They are engaged in bounty hunts where they can gain extra income.

Kayum10029

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Because only developed and good economics countries realise the value and significance of bitcoin. their governments have a good control on bitcoin and banking systems also...

ardi28

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Yes they are very lucky to be born and live in a big country with a good economy, and can participate in bitcoin world without any government ban.
But for now we live in any country we can feel the benefits of bitcoin because of the internet,
Bitcoin legalizes anyone to invest or sell / buy bitcoin, to benefit from bitcoin, and the lack of unavailability of ATMs in a small, economically weak country.

spyerf

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Quote from: yoseph on May 15, 2018, 06:40:53 PM

Quote from: PeRo on May 15, 2018, 05:45:20 PM

Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

yes indeed, developing countries of course they are more concerned with the cost of living for today, so what should they invest. maybe even just some of them are looking at crypto.

Choyor

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Quote from: TTITA on October 30, 2017, 11:51:18 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.

The reason why the use of Bitcoin is dominated by a country whose economy is good, because in addition to its large economy they also have pasilitas that is very populous to be able to access the internet and Bitcoin, so that the country is able to harness the power of technology.

housebtc

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I think this is a result of better exposure to new technology and better understand of it, it is a know fact that most of these countries with better economies attract the best minds all around the world so they have upper hand over poor countries where access to internet is still poor and not affordable to most of the citizens

v0rtecxz

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Quote from: yoseph on May 15, 2018, 06:40:53 PM

Quote from: PeRo on May 15, 2018, 05:45:20 PM

Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

I agree with your opinion, but some things that can affect the developed countries have a fairly high economic level compared with developing countries, in terms of education is very much different between developed and developing countries, facilities available for developed countries is very easy to get but in some developing countries sometimes facilities like the internet is still very difficult to get in by some people, so they do not have access to knowing crypto and using it

Clement Kaliyar

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Quote from: jaaeeeyyyy on May 16, 2018, 03:04:11 PM

Turns out that third-world countries have very low IQs. This could be a reason why we seldom see investors from poverty-stricken countries.

According to you most of the Asian countries are third world countries and if you look at the market, majority of the volume comes from Asian countries, i just like to point out that you are just an ignorant user to claim that third world countries have very low IQ, looks like you have no knowledge about anything, third world country and a poverty stricken country are entirely different things altogether. Tongue

bitctrimor1

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Quote from: TTITA on October 30, 2017, 11:51:18 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 think because more people from those countries have the capacity to actually spare some of their money or earnings to be used as capital that, in turn, they can actually swallow even in the event of a loss. As compared for people who are in depressed countries that only earn enough, or more often, insufficient for them to even think of alloting part of their money to something that can be, in reality, be as unsure as cryptocurrencies. They would rather alot it to something that are more important like food, shelter and clothing, for they are more critical necessities of life.

Sidas_Crew669

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Yes they are very lucky to be born and live in a big country with a good economy, and can participate in bitcoin world without any government ban.
But for now we live in any country we can feel the benefits of bitcoin because of the internet,
Bitcoin legalizes anyone to invest or sell / buy bitcoin, to benefit from bitcoin, and the lack of unavailability of ATMs in a small, economically weak country.
Hopefully by the end of this year, there will be more Bitcoin ATM growth worldwide due to the growing interest in bitcoin this year.

pilnenkii

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The countries on this list are what most people call the "first world countries", and they are highly developed countries with a developed technological infrastructure, they have the tools to support ATM ATM creation everywhere.

jaaeeeyyyy

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Quote from: Monartis on November 07, 2017, 06:16:35 AM

Just to put those UK figures into some perspective:

There are 47 bitcoin ATMs in the UK
This compares to more than 70,000 fiat ATMs
The current UK population is around 65 million

So there is one fiat ATM for every 928 people. There is one bitcoin ATM for every 1.4 million people.

Because of low inflation rate and high purchasing power of their national currency. Having a currency that is too obsolete to be used to purchase cryptocurrency is not optimal as it would take forever for you to buy crypto especially bitcoin. Moreover, there is a study that linked the average IQ of a certain to its own economic status. Turns out that third-world countries have very low IQs. This could be a reason why we seldom see investors from poverty-stricken countries.

jossiel

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Quote from: yoseph on May 15, 2018, 06:40:53 PM

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

This is why the poor becomes poorer and the rich becomes richer.

Instead of thinking to invest, their mindsets are being focused on what they should eat for this day and the money they'll invest will go to the food instead.

Also they are not open to investments and they don't like taking risks while people who are living in good economy country knows how to deal with risk.

miyong

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Quote from: TTITA on October 30, 2017, 11:51:18 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.

They have lots of money to invest with bitcoin unlike with some countries, like on my part, i invested a small capital and doing all that i can do to earn more.

yoseph

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Quote from: PeRo on May 15, 2018, 05:45:20 PM

Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

niz3r_nade

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Of course ... why only people with a good economy use bitcoin .. the answer is because it has a lot of money and has support tools, like internet and laptop. if people are economically bad, let alone buying laptops for everyday eating just confused.

PeRo

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Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

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