Topic: Why most bitcoin users from good economies countries? - page 4. (Read 35267 times)
the population in the majority of poor countries will think more about finding money to just eat, very rarely do they think of investing because of the limited capital they have.
They are educated. Also more are online. And they have easier access to Bitcoin.
But Bitcoin ATMs are not measure of Bitcoin adoption. There are some countries with a lot of Bitcoin users and have zero Bitcoin ATMs. Regulations there just had not kicked in.
People within the countries with good economy have the liberty to invest, they don't experience poverty so their savings could be going to investments like crypto. Most of the users of crypto are investors, that's the reality, we are in the early phase so this opportunity is seen for people who think digital currency is going to be the future of money, and crypto stands a chance to succeed due to its unique feature of decentralization.
Why most bitcoin users from good economies countries?
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.
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 are educated. Also more are online. And they have easier access to Bitcoin.
But Bitcoin ATMs are not measure of Bitcoin adoption. There are some countries with a lot of Bitcoin users and have zero Bitcoin ATMs. Regulations there just had not kicked in.
developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently
Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it.developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently
Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it.developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently
Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it. 
These are the reasons that I could think about:
1. Better computer knowledge and awareness about cryptos
2. Availability of funds to make high-risk invetsment
3. Better clarity on the legal status of crypto
4. Ease of purchasing or selling crypto
5. Availability of exchanges or ATMs
1. Better computer knowledge and awareness about cryptos
2. Availability of funds to make high-risk invetsment
3. Better clarity on the legal status of crypto
4. Ease of purchasing or selling crypto
5. Availability of exchanges or ATMs
because countries with low economies have a very low level of knowledge, we all know that the usage of bitcoin will not be easy for them so it is very natural if most users of bitcoin come from countries with good economics and certainly that has a high level of knowledge
That is without a doubt a factor but it does not tell the whole story, people from well developed economies earn a lot more money and so they have more money to spare and invest in different things, while a person in a poor country even if it saves most of his money his purchasing power is a lot less, so when both of these persons decide they want to buy bitcoin the one that is living in a developed country can afford to buy a lot more of the cryptocurrency.So even if the amount of people in both of those countries that invest in cryptocurrencies are the same those in the developed countries can buy a lot more cryptocurrencies.
because countries with low economies have a very low level of knowledge, we all know that the usage of bitcoin will not be easy for them so it is very natural if most users of bitcoin come from countries with good economics and certainly that has a high level of knowledge
developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently
Simply rich countries can afford to buy more bitcoins than the poor countries. But, buying bitcoin is not all about to what country you are living in. It is just that people living in rich countries do have more capabilities or purchasing power than people living in a poor country.
But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
Of course bitcoin is not miner thing but it has good value all over the world, but the country which has more earning resources will gain more profit than those who are not having more earning resources. So my country has more job opportunities so people can easily buy and government has power to help the growth of the coin.But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
I think because the support from the government and in developed countries already have good human resources, then they easily follow the developments of the times, moreover the development of this technology can improve the economy of each
More precisely, countries with good economies always create favorable conditions for people to access and understand new knowledge and technology, and because of this advantage, everyone in these countries will quickly know more about the benefits then start participating in bitcoin. In addition, people in a country with a good economy always have a stable income, they are not too worried about the failure in investment when they have sustainable work, while in countries with low economies, income is too low, people have less courage to participate and invest Simply rich countries can afford to buy more bitcoins than the poor countries. But, buying bitcoin is not all about to what country you are living in. It is just that people living in rich countries do have more capabilities or purchasing power than people living in a poor country.
But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
Of course bitcoin is not miner thing but it has good value all over the world, but the country which has more earning resources will gain more profit than those who are not having more earning resources. So my country has more job opportunities so people can easily buy and government has power to help the growth of the coin.But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
Simply rich countries can afford to buy more bitcoins than the poor countries. But, buying bitcoin is not all about to what country you are living in. It is just that people living in rich countries do have more capabilities or purchasing power than people living in a poor country.
But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
But, I doubt about the graphs as it could be fabricated or to what source OP does your graph came from?
This is also the point people bring up in response to "Bitcoin is going to redistribute the wealth". But I think it still only distributed it to the middle class at best, and made the gap between the working class and middle even bigger.
I own a computer and am middle class,,, I know internet,,, So yes maybe now I am "closing the gap" to the 1%, but behind me the poor class are getting even more behind. That is a bit sad.
I own a computer and am middle class,,, I know internet,,, So yes maybe now I am "closing the gap" to the 1%, but behind me the poor class are getting even more behind. That is a bit sad.
I think because the support from the government and in developed countries already have good human resources, then they easily follow the developments of the times, moreover the development of this technology can improve the economy of each
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 most of the bitcoin fans are from developed countries is because in those country there easy access to information, technology and there is also a good internet connection. I imagine certain thing are hard to do as common man in underdeveloped countries. 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 users are from good economy because they have good economy models and are open to economic growth. They have good economy policies that are working well and they also have good foresight and are proactive that is why there economy is good in the first place. Countries that are banning Bitcoin are countries that are struggling and are seeing the use of cryptocurrency as a threat to their economy.
Everything is very clear and logical, why developed countries are leading in the use of Bitcoin. For this there are several factors:
1. High level of education and economic integrity.
2. These countries have a high average income per person, which means people have the opportunity to invest part of their income. And often they are looking for the most profitable options (not always reliable), because they can afford to lose investments or a part of them.
3. Technical ability to sell or buy or pay using cryptocurrency.
1. High level of education and economic integrity.
2. These countries have a high average income per person, which means people have the opportunity to invest part of their income. And often they are looking for the most profitable options (not always reliable), because they can afford to lose investments or a part of them.
3. Technical ability to sell or buy or pay using cryptocurrency.
Because users from that countries have more money
But VPN is now ordinary thing so it is hard to really find where are users coming from
We have a lot users from India where btc trading is banned so they have to hide themself
But VPN is now ordinary thing so it is hard to really find where are users coming from
We have a lot users from India where btc trading is banned so they have to hide themself
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