Topic: Why Most Bitcoin Users From Good Economies Countries? (Read 243 times)

I am not so sure that the most powerful countries have a greater number of users. Strong countries such as Germany, Great Britain or the Nordic countries do not stand out as much in this sense as countries with a less strong economy such as Russia or India, although perhaps the main limitation for many countries is the educational issue rather than the economic or technological field.

No surprise there. It’s just second nature for most citizens of First World Countries to embrace new technology/currency. They don’t usually require a very lengthy explanation before investing in bitcoins.

because in a country with a good economy of course most residents earn well. and their existence is more able to accept advanced technology. whereas in developing countries only certain people can accept technological sophistication. because financial results are limited.

A vast country, with rapid economic growth, is dependent on its development policies and, in particular, on substantial government taxes. For Bitcoin anonymous crypto, the government can not know exactly who owns it, and it is difficult to tax it if it is legally accepted.

There are many countries which have a good economic status but in my analysis you are talking about first world countries. First world countries majority of population have internet access and a large number of population knows how the economy works and most of them are engaging on stocks. This is the reason why first world countries have an advantage over third world countries. In third world countries there are only few bitcoin users since majority of the population are below poverty threshold and their primary concern is survival rather than investment or access to internet.

countries with good economics can use bitcoin for online shopping but developing countries may not have the Internet difficult to understand about bitcoin.

they can accept something that is new for them and they can learn about that things especially we are now live in the new technology which so many new technology release around us. and if we don't prepare from right now, we can be left without any chance to follow the technology. actually, many countries have open minded for new technology but they are not ready for something that smell like a currency because it will makes them cannot control like their fiat.

I think because users in these countries are more open to technology and knowledgeable about the advantages of blockchain technology. Regardless if the price go down, these users are optimistic because they know the market, they study and analyze the market more than the others.

...Usually,  most bitcoin users are found in the  good economies countries, because their governments were higly updated on innovation of technologies for continuous improvements to their individual country. Actually, the government is the key to become successful to their own country.

I am not getting your deep insights here but I do know one thing that there is nothing like that there are more users from the Good Economic Country! I mean US is the best of all and still they have the banned ICO's all over and users have to use back doors to get into these projects. It literally means only thing that, after having so much money also they can not really pour their money into it with full freedom after having good economic background also.

My point being is its just about the different regulations that defines who gets in and who gets out. Only few days ago India banned the bitcoin however initially we thought there are not much users of bitcoin there but they are their after seeing the effect of this ban on the market. Express your thoughts on this!!!

Bcz Most 3rd worlds countries People are Pussy.

You must provide a good foundation for this. You can specify countries that you recognize as countries with good economic status that most users come from there. In your own point of view, but poor countries may not have Internet. So They do not know what bitcoin is.

I don't think such a situation is prevailing within the cryptocurrency network. People from the economically grown countries have a good understanding about digital growth as well easily accept the innovation that is available for effective functioning. In this manner we have got people from various countries around the world using digital currency than a specific group of people.

Because they know good about investment.As bitcoin is a easy and benifited place to invest so they are interested to involve with bitcoin

Most of the people from good economic countries are participating in bitcoins because:

1) They have good income and savings to invest in bitcoins. On the other hand, people in developing countries do not have even the resources to meet the monthly expenses. They do not have much savings to invest in bitcoins.

2) Another important factor is lack of knowledge about bitcoins in poor economies. There is less availability of internet in these places and literacy rate is also quite low. As such, people have less information about bitcoins in these places .

I think he is referring to free countries with good economic status like Japan who engage itself in developing and promoting the actual usage of bitcoin and not just simply speculating.

Bitcoin has its roots in two main phenomena:
1. The cypherpunk movement which sees cryptography (that why the 'cypher', instead of the 'cyber') as a bedrock that can ensure privacy in all our interactions.
2. Ideas of libertarianism, that advocate individual liberty as the highest ideal and aims for minimal government intervention.

Both these ideas aim for personal responsibility and liberty without the government laying down norms on what to do, how to transact, how much to tax etc. etc. Today if i wanted to start a business, I'd need a hundred clearances from the government departments in my country. I am the one who puts in the hard work in my business but the government gets a share of it in the form of taxation at every stage. They do this by making "exchange of value" a highly complex system that involves banks and law agencies at their core.

Bitcoin does two things to further the cause of privacy and liberty. It is a "medium of exchange" as well as a "store of value" without needing an approval from the government. We, the people give it true value.

Only in developed societies people have had enough freedom, education and personal courage to follow these above ideas so most bitcoin "users" are from developed countries.

On the other hand, people in developed countries are forced to see governments as some sort of a benevolent giant that can crush you anytime but chooses not to. That is because, the level of public services, law and order etc. in our countries is so abysmal that we have a constant need to make ourselves and our loved ones safe from the struggles and dangers of a "normal life". People are too busy trying to earn enough authority or enough money so that they are not vulnerable to the fickleness of such an insecure society.

Bitcoin gives these people a chance for the first time to be their own master. Go peer-to -peer and create your own local economy. In whatever small scale it maybe, you can choose to teach yourself about the technology and the ideas behind it. Let go off the silly notions of creed, race, nationalities and so on. When religion stopped working, people introduced patriotism in the mix. Ultimately, it's only about controlling the population. Those who are lucky enough to get in touch with these ideas have the choice to let go off just be what god/nature/evolution made us. Human.

Take responsibility, Build things, Be Kind and Share.

people from a good and stable economy usually has more purchase power, good education, and to-the-point thinking style - so, in every aspect,m they are smarter.

initially only people who have a good economy and they can buy computers even they have a high science but now all things can happen in my country only with the intention of capital and their motivation can become better and become a successful millionaire and first learn only users are now getting results and buying computers from hard work and amazing to share our knowledge and we are just ordinary people who have a personal work job and thanks to all our team now is a very outstanding team.

a facility to be able to perform or access bitcoin activities is a very important thing that should be facilitated by governments. so I think why nowadays bitcoin activity is very much done in countries whose economic level is good enough in my opinion it is because in that country all kinds of facilities to be able to access bitcoin activity have been very fulfilled. besides that in terms of information I think countries with a pretty good economy rate it will be faster to get information about bitcoin.