Topic: Why most bitcoin users from good economies countries? - page 38. (Read 35267 times)
The reason is that they are living in a country in which they can find job easily and their per head earning is more than their needs so they got some extra money to invest in bitcoin and other cryptocurriencies. They also have well developed technology and the people can use those technologies easily.
It is because they are ahead of technology and people are more digitally inclined than the developing countries that has far more problems like basic necessities. Those countries that has good economy would be the first to know of the latest development of technology and if ever there are some payments involve then they can afford it. It would be hard for the people who are living in struggling economy focus on digital things because there is problem as well to the accessibility of the internet.
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.
Yes wr can't deny that the big country or have a good economy was common bitcoin user.well i see to the big country for user of bitcoin they not panic if the bitcoin fall down because they have a good economy and a rich country so they don't mind if the bitcoin gone and they not afraif to try it. Noe the bitcoin hava the biggest value in other cryptos and i think the big country was get more big and get more many investment because the bitcoin price eas so highSo 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 there is a technical understanding and surplus $ to be able to invest
Great question! Easy answer: Because people in good economies have disposable income to spend on things like Bitcoin. And you need a computer to buy bitcoin (be it desktop, laptop, mobile device, etc.), you at least need access to a computer.
People in poor economies have to struggle harder to afford life's necessities - food, clothing, shelter, etc. They have a lower opportunity to have regular access to a computer, which is probably the single greatest barrier to entry for bitcoin.
People in poor economies have to struggle harder to afford life's necessities - food, clothing, shelter, etc. They have a lower opportunity to have regular access to a computer, which is probably the single greatest barrier to entry for bitcoin.
At a certain point you are right, access to the internet is low but it is also a benefit for the third world countries where the fiat currency is devalued and the bitcoin represents a savings opportunity compared to its local currency. Of course common sense, the largest number of investors will be from developed countries
Bitcoin users has large population in countries with good economy simply because they have all the newest facilities with very advance technology and bitcoin need that unlike in other country especially during the time that mining is a biggest way to earn bitcoin those average economic status country find it hard to mine but now I think bitcoin is started to be use in asian country and throughout the world
Third world countries are in war(civil war, religion war) or they try to live against hunger. 1/3 of the population of Earth can not acess internet too. How can they use bitcoin?
Great question! Easy answer: Because people in good economies have disposable income to spend on things like Bitcoin. And you need a computer to buy bitcoin (be it desktop, laptop, mobile device, etc.), you at least need access to a computer.
People in poor economies have to struggle harder to afford life's necessities - food, clothing, shelter, etc. They have a lower opportunity to have regular access to a computer, which is probably the single greatest barrier to entry for bitcoin.
People in poor economies have to struggle harder to afford life's necessities - food, clothing, shelter, etc. They have a lower opportunity to have regular access to a computer, which is probably the single greatest barrier to entry for bitcoin.
It is because economically advance country will always be further beyond countries that are economically disadvantage as they have more knowledge, money, advance infrastructure and also they are very open to changes and new things like how bitcoin started.
The bitcoins isn't just for the general population who lives in the great economy nations however the bitcoins could be utilized by the ever individual on the planet there is no such decides in the bitcoins that lone great economy nation could utilize Bitcoins yet the entire world could utilize the bitcoins that is the reason the it doesn't make a difference the from which nation are you yet in the event that you need to be the rich man than the entryways of the bitcoins is constantly open for you. 
Although you're a little right, but that statistics can't be used as a reference. That is the growth of ATM Bitcoin only, not the Bitcoin user data.
Many people from "non-rich countries" use bitcoin as a trade, they only convert bitcoin into local currency through Bitcoin exchanger, not with a Bitcoin ATM. Why? Because of the regulations in their country.
About the poor people who can not invest, it's normal for them to think more about "what will I eat today?" rather than thinking about investing.
Solution? Give them loans and knowledge.
Many people from "non-rich countries" use bitcoin as a trade, they only convert bitcoin into local currency through Bitcoin exchanger, not with a Bitcoin ATM. Why? Because of the regulations in their country.
About the poor people who can not invest, it's normal for them to think more about "what will I eat today?" rather than thinking about investing.
Solution? Give them loans and knowledge.
Maybe for me they are open minded citizen. They would not just be contented on what they have , i mean even their economic living is good they did another way to become a better country and continue to grow. I admire those country who will do everything to have a better living.
Why we cant do this too in our country? Why they cant open their mind in this kind of oppurtunity? They always see it in a wrong way and a non sense.
I am hoping one day soon, many of us grab this oppurtunity, be open minded to have a good and better economy.
Why we cant do this too in our country? Why they cant open their mind in this kind of oppurtunity? They always see it in a wrong way and a non sense.
I am hoping one day soon, many of us grab this oppurtunity, be open minded to have a good and better economy.
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.
yes your correct but i think even little or poor people in the world that use bitcoin is already experience also the conveniece that bitcoin bring and profit here so if you say other country's economy is more good that's true but i think its good for all also even not equal or similar like the many altcoins here they not equal or similar in price but they already have price 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.
as we know bitcoin needs internet connection to be connect and people from good economies countries have cheap internet connection then they have big opportunity to use bitcoin and so far, many people from that country is connect and using bitcoin without any problem. but for people which live in third world country, I think they can connected with bitcoin too but the can not use the fast internet connection and only few people which can connected the internet so the information about bitcoin is not spreads with good.
bitcoin assumes a few things. first, you need to live in a place with electricity, this ties in with connectivity.. you would also assume that someone needs to at least be decent with a computer to interact with bitcoin properly (talking about a real wallet, not those exchanges). some locales dont have clothes, let alone a device capable of storing bitcoin/ making a transaction. you have to assume that the educational level is high enough that basic computer use is a subject (most modern countries have computer lab/ guided electronic education)
the environmental factors that make up the average bitcoin user, is most likely to occur in more affluent countries. especially at these price levels. although you can buy as small a fraction as you need, fees will quickly swallow a smaller position at the moment. you need a chunk nowadays
the environmental factors that make up the average bitcoin user, is most likely to occur in more affluent countries. especially at these price levels. although you can buy as small a fraction as you need, fees will quickly swallow a smaller position at the moment. you need a chunk nowadays
Since bitcoin is dependent on the internet, first world countries' net infrastructure are the most suitable for trading. And the citizens are no longer strangers to investing, whether traditional or a startup. People in countries with good economies usually have the extra money and time to spare.
Because the people from good economic got more spare money to invest, while people in poor area don't have anything to invest and they are more focusing on survive and in poor area the infrastructure like internet and other support facility is not much so the people not knowing a lot of new information
Because of the factor of information and the internet, in a prosperous country it is certainly very easy to get any information, besides that most developed countries give freedom to the people rather than many poor rule countries.
Most likely because they the ones with most of the money and are the driving force behind it's price. People from third world countries can actually take good advantage of this price drive and change their lives.
I am surprised there are not more European users though.
I am surprised there are not more European users though.
Some Venezuelan people got their life saved with that.
The possible reason that I can think why most Bitcoin users are from countries with good economy is that the people there are open minded. They are not afraid of changes and always willing to take a risk. Aside from that, since their country have good economic status, most likely they have big capital to venture into Bitcoin. We can spread Bitcoin awareness even to third world country by spreading good news about it.
Most likely because they the ones with most of the money and are the driving force behind it's price. People from third world countries can actually take good advantage of this price drive and change their lives.
I am surprised there are not more European users though.
I am surprised there are not more European users though.
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