Why most bitcoin users from good economies countries? - page 5.

Artemis3

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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.

People from good countries can purchase more bitcoin than people from poor countries. Also your picture is about ATMs, not bitcoin usage. Not only do ATMs charge big fees, they need to be in countries where vandalism isn't a thing, AND their local FIAT is strong enough to be worth keeping in vaults; ie. NOT a hyperinflation. 100 dollars can buy you 0.02BTC while 500 bolivares would get you 0.00001BTC. They are both the largest banknote from their respective countries...

In country A one (1) piece of paper buys the same amount than two thousand (2000) pieces of paper in country B. Guess which country will use more ATMs...

alyssa85

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Quote from: bitbunnny on April 23, 2019, 04:00:19 AM

I don't have the feeling that majority of Bitcoin users come from developed countries. In fact I know many users from India, african countries etc. Maybe statistics are showing different data but don't forget they are not always correct. The number of users also depends on overal population, accessibility of Internet connection and other things.
Still developed countries have better infrastructure, people are more educated and exposed to modern technologies so this might be also the reasons for bigger number of Bitcoin users.

Agree. There is a lot of bitcoin/crypto stuff being used in Venezuela (because they haven't got access to dollars or anything normal). And about 15% of remittences is now being moved via cryptocurrency. The only reason China has bowed out of the crypto space is because their govt is scared that bitcoin could be used to evade capital controls.

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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 think people were in this situation thinking about the future and ever become economically same for the future that's why they are choosing this field and ready to face the future with the help of the cryptocurrency field and it will definitely a good idea for everyone who are interested here to get the future to be better for them.

mersal

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Bitcoin uses always had the intent to invest the money and get much more profit so people who are having the extra income they will the investors mostly here so I think the economic countries will be the people who are doing better investment right now and I think this is the reason for that.

bitzizzix

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Developed countries and good economies are based on the leaders of their countries who support technological advancements, and all countries have different capacity facilities and using bitcoin must be supported by technological tools at least the facilities of smart phones and internet networks that support them to be able to use them.
and besides that people's thinking power is different because bitcoin is an indivindu character that can be used by anyone as long as it supports it with good thinking and supporting technological tools, and besides that bitcoin must also be supported by the state to improve the economy for those who want to use it, and I think the progress of bitcoin and its popularity will gradually increase poor countries and balance other countries with the majority of bitcoin users.

Hardtolife

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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.

https://i.imgur.com/pgqaTer.jpg

because a good economy certainly has a population that has good technology so that easily accessing bitcoin is different from a bad economy, of course some people can easily access bitcoin, maybe they don't know what bitcoin is. We have to help introduce what bitcoin is for people who don't know and let them benefit.

Sithara007

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We really don't need to divide the Bitcoiners in the basis of race, gender and wealth. If the citizens of a certain country are more inclined to use Bitcoin, then there can be many reasons behind it. It may be due to higher affordability, computer knowledge, or even the inclination to take risks. But once Bitcoin becomes popular, these differences will vanish.

mornabo

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Quote from: Astvile on April 23, 2019, 01:54:39 AM

Ofcourse cryptocurrency needs alot of resources that you must have in order to go with it,internet computer is the main ones its common to find most number of users in first class countries because they have and they can buy services like what i mention computer and internet.Third class country people still find it hard to have money for food so they cant even have money to buy neccesity in order to join cryptoworld

Yeah and all the resources are there in developed countries, every person in developed countries almost has gadgets and is connected to the internet, even small children and even parents have used it. while in poor countries, many of them don't even know how to use the internet, the internet is a rare thing and an expensive item for them.

Valhalaa

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it's natural why countries with advanced economies have many roles and users because in terms of resources they are very supportive in developing a giant coin that can make future changes to the cryptos
I am sure like that because developed countries like that have proven that bitcoin can be used safely on certain merchant payments in developed countries

bitbunnny

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I don't have the feeling that majority of Bitcoin users come from developed countries. In fact I know many users from India, african countries etc. Maybe statistics are showing different data but don't forget they are not always correct. The number of users also depends on overal population, accessibility of Internet connection and other things.
Still developed countries have better infrastructure, people are more educated and exposed to modern technologies so this might be also the reasons for bigger number of Bitcoin users.

Ezenwanyi

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I believe the large user base of bitcoin in developed countries could be attributed to the fact that there is access to Internet and it's affordable too.
Another factor is mentality of the people.... majority of the people who got introduced to Bitcoin in my country (under-developed)view Bitcoin to be scam while this of the developed countries see it different and then embraced the technology.

Astvile

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Ofcourse cryptocurrency needs alot of resources that you must have in order to go with it,internet computer is the main ones its common to find most number of users in first class countries because they have and they can buy services like what i mention computer and internet.Third class country people still find it hard to have money for food so they cant even have money to buy neccesity in order to join cryptoworld

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Quote from: Ipwich on April 22, 2019, 06:21:02 PM

Those that belong to the 3rd world countries are less to adopt bitcoin, most that are base on their resources and even the adaptation of todays technology.Good countries that are must efficient productive that been able able compete to the world are merely those are who are really been able to grab and use bitcoin.They are ready to accept new innovation of technology for they are already well-equipped and innovated.

Not necessarily. Not every country that belong in third world country are less capable to adopt crypto or Bitcoin. In my country which is a third wolrd country, there are a lot of adoption of crypto here; most of them are lead by companies here. Buying smartphone here is not a big deal; even a factory worker here has their own smartphone and they are capable to pay data connection. We can't really generalize group of country in terms of economic adoption.

loopes

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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.

We can't make a conclusion based on bitcoin atm growth. For now bitcoin market is dominated by chinese people and there is no bitcoin atm there. But there are so many minners. There are many bitcoin users in Indonesia, indonesia is developing country but indonesian could give contribution for Bitcoin adoption which will lead to improvement on bitcoin investment too. I think it isn't only indonesia but other small and poor countries can do the same thing, please don't underestimate people just because they are living in the poor or small country. It isn't always about purchasing power.

Adriano2010

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Well the most bitcoin users sare from countries with good economies because they can afford to invest and even if they lock the money for a long time they not worry about because they can afford a lose if something happen, and will be hard for people from 3rd world countries, because they maybe just don't afford a pc or a smartphone.

Ipwich

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Those that belong to the 3rd world countries are less to adopt bitcoin, most that are base on their resources and even the adaptation of todays technology.Good countries that are must efficient productive that been able able compete to the world are merely those are who are really been able to grab and use bitcoin.They are ready to accept new innovation of technology for they are already well-equipped and innovated.

argon76

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This situation is due to the following aspects: people with low financial income simply have nothing to invest in cryptocurrency, moreover, their money goes to other more important expenses.

whirlcoin

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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.

If a country developed both in social and economical status then only the people will know about the next thing what is going on here in this world so after that they are knowing about cryptocurrency and use it for their another money making waise so it came like that no one will intentionally to create this country only will the ability to invest in cryptocurrency.

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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.

Crypto currencies can be created using advances and developments in technology and times and of course facilities and facilities are needed, one of which is technology and developing countries, of course the technology is also developing.

pungopete468

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Right now I think in any country if indeed there is no prohibition on the introduction of bitcoin or cryptocurrency it can be very easy. but indeed it must be true in terms of delivery. because many people actually make ponzi schemes in cryptocurrency education and that is the wrong thing

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