Topic: Will Emerging Markets Trigger A Bitcoin Comeback in 2019? (Read 148 times)
Probably now it is more like regulation, legalization and taxation of even the crypto market before emerging states and countries will allow deposits and investments into the crypto market, in other words its about adoption and slowly but surely we are going there.
Isnt bitcoin way too unstable to be used in scenarios described in your article? Arent there better alternstives than cryptos available?
Venezuela is a good example as mentioned above, and also paraguay which is building one of the largest bitcoin mining farms in the world. South America in general will put crypto into their economies as they begin to use to for localised trading
India go on the same path, but for nowthese countries cannot influence the overall picture and outweigh the opinion on the adoption of cryptocurrency. 
Check out the blog below here !!
https://www.addisonchurchill.io/will-emerging-markets-trigger-a-bitcoin-comeback-in-2019/
I have read some article related to this, preaching the potential of emerging markets especially India entering into cryptospace, but we need to realise that we can't compared the purchasing poer of people in the developed countries with that of developing countries. I feel though there is no real data to back this up, that the ban of US and CHina Citizen from ICOs has taken its toes on the space than the influence developing and emerging market have had on the space https://www.addisonchurchill.io/will-emerging-markets-trigger-a-bitcoin-comeback-in-2019/
According to the post the main problems for bigger adoption in the emerging markets are of technical nature, like people not knowing how to install wallets, make transactions, and such. I think this is a general problem and not just in the case of emerging markets. The proposed solution in the post is to use SMS for transactions. I think this is not the right solution. The right solution is to focus on more education. People need to learn to install a wallet and keep their coins safe. There is no shortcut here.
Venezuela is a good example as mentioned above, and also paraguay which is building one of the largest bitcoin mining farms in the world. South America in general will put crypto into their economies as they begin to use to for localised trading
I think this was just promotion, but honestly is an interesting article. We dont have this problem in my country , but i can udnerstand the desesperation/frustration of another coountries with fiinantial problems, with so high inflation , like Venezuela.. there, cryptos are a MUST, as they are the only way of not loosing your money...
Most of people in venezuela are using bitcoin and ethereum to earn the dollar to keep their lives. This is the only possibility remember when you are migrating from your country to other that doesn't mean if you will get a better job or filled up your life easily. 
I think this was just promotion, but honestly is an interesting article. We dont have this problem in my country , but i can udnerstand the desesperation/frustration of another coountries with fiinantial problems, with so high inflation , like Venezuela.. there, cryptos are a MUST, as they are the only way of not loosing your money...
Check out the blog below here !!
https://www.addisonchurchill.io/will-emerging-markets-trigger-a-bitcoin-comeback-in-2019/
https://www.addisonchurchill.io/will-emerging-markets-trigger-a-bitcoin-comeback-in-2019/
Jump to: