Bitcoin Forum

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 you should provide good basis on this. You can list specifically the countries that you acknowledge as countries with good economic status and a reference that most users are from there. In my own point of view, it go the other way around since if poor countries heard that they can make money from cryptos, for sure they will be embracing the technology without initial information. Massive population can jump in and spamming and shit posting or the greedy ones can find ways to scam others just to get in like for example the robbery case.

Most of the bitcoin users are concentrated in North America, Europe and East Asia. In these developed areas, network facilities and cultural level are relatively high. These conditions are conducive to quick understanding of block chain technology. In some backward areas, there may be no Internet. They don't even know what bitcoin is.

because the purchase price and also a high among top suitable for buy bitcoin and countries with good economy because developing countries are difficult to understand about the bitcoin.

Because the people in these countries have disposable income to be throwing into bitcoin, we have the money to be able to pretty much gamble on making some extra cash and speculating on bitcoin. Also, we have the institutions that are supporting bitcoin/selling -- such as Coinbase, Kraken, Bitfinex, etc. These aren't usually present in poorer nations due to the fact that the demand isn't really there for them.

So yeah, pretty simple reason.

It is true that bitcoin is much owned by a country that has a good or advanced economy, I think because of the awareness of the future and also the knowledge of modern technology, we must follow the development so as not to be left behind by the times.

That is because the understanding of people in developed and developing countries is very different, in developed countries are very concerned about the development of the times and technology and also investment for their future later and the government also always support their people's activities in terms of knowledge development.

Because of underdeveloped countries, their living standards and incomes are sufficient to survive, and they do not even have the internet and they do not even know what Bitcoin is.
So most BTC users are in developing countries

because a country with a good economy will know much of the development of the world economy. including economic developments such as bitcoin.

It's because good economic country is much advance than third world country it give them a lot of opportunities, while in underdeveloped country the incomes are just sufficient to survive. They don't have extra income for this kind of investment. And also they don't even what is bitcoin.

Progress of a country indeed I think much influence polo public thinking about the development of the times and technology, and it is true with what you say, we should follow many ways of thinking developed countries.

Yes, it is entirely possible.
With the deployment of lightning network, the speed of bitcoin transfer will be greatly accelerated.

Because of the great country and the good economy whose people are very well informed about the economy, they know about the economic stastism, they understand about foreign exchange trading and even manage the crypto money, so to me it is not strange that people from a country with a good economy precisely who knows about cryptocurrency.

Bitcoin ATM is not the right thing on basing the number of bitcoin investors in one country. There is more of a business adaptation and fundamental mental state of the businessman within. Also culture have to do with it, conservative and religious that is mandated by society we belong.

Bitcoin investing is not a typical stock market clone that you badly need big money to part of, its value base on faith and trust. Economic ranking won’t be relatively the same on bitcoin statistics.

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.

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.

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.

Bitcoin has its roots in two main phenomena:
1. The cypherpunk movement  (https://www.coindesk.com/the-rise-of-the-cypherpunks/)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 (https://en.wikipedia.org/wiki/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.

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.

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 .

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

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.

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.

Bcz Most 3rd worlds countries People are Pussy.

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!!!

...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 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.

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.

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

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.

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.

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.

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.

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.