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Author Topic: Why some little country don't accept bitcoin?  (Read 5014 times)
Md.Esamul Haque
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October 23, 2017, 01:22:06 PM

They are not aware of of bitcoin and think bitcoin is a scam business.They are also backward in information and communication technology.
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October 23, 2017, 01:27:53 PM

As for me, most of small countries depending from big countries like China, USA, or Europe and NATO, they sending orders to little countries what is possible to do what is forbidden. Maybe some little countries want to accept bitcoins but they just cant.
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October 23, 2017, 01:41:50 PM

My point of view is nobody want to take any risk in what they are not aware about it. Not only for Bitcoin lot of other new inventions also in its initial stage till it get famous between them neglected.

Bitcoin is not getting accepted by little country is lack of awareness and risk which they don't want to take.

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October 23, 2017, 02:01:08 PM

just confusion why some little country reject bitcoin?


Because they are a small country, how they could get a big taxable collection if Bitcoin is available to their constituents and I'm sure  the economic growth of thier goverment  will become clamsy if they will tolerate to use bitcoin. thats why many little country will not be patronozed of using  bitcoin because of that issue.

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October 23, 2017, 02:04:15 PM

It depends from people who do bitcoin. If there are a lot of them very large then country probably will start interested about bitcoin

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October 23, 2017, 07:59:02 PM

Not only the little countries don't accept bitcoin, it's most of the countries. The main reason is the lack of the control, from the government's (and central bank's) side. Other reason could be the lack of knowledge both from the leaders and from the everyday people too.
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October 23, 2017, 08:05:08 PM

Lack of awareness and recognition over digital currency, I guess? If people don't know what it is, then it's normal for them to refuse it.
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October 24, 2017, 11:47:11 AM

Small countries can be in bitcoin about unknown., And a variety of small countries their country money values as they bitcoin accept that do not. Because bitcoin the world no.1 currency.
Yes all the factors described above are right and the main thing is that country doesn稚 have enough bonding with the outer world and the citizens have no knowledge about this profitable coin if the era and as the advertisement to bitcoin will be given there will be no region who will not use bitcoin so bitcoin organization must work on their advertisement so that they serve humanity t maximum level.

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October 24, 2017, 12:16:30 PM

I think some countries did not accept bitcoins as a monetary unit because othera oeople or other citizen are not aware of the existence of bitcoins

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Oliver2
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October 24, 2017, 12:19:32 PM

Small countries do not accept btc, personally think that two of the two bar, the first point, a small country economy is more fragile, fear of Bitcoin will have an impact on their country, the second point, they do not understand the block chain technology.
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Kokoy
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October 24, 2017, 12:27:53 PM

just confusion why some little country reject bitcoin?

I think because they cannot handle an instant development with digital currency it may happened that they need to prioritize some other thing than adopting community with this kind of cryptocurrency to be used by every people I'm their country.

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October 24, 2017, 12:30:49 PM

just confusion why some little country reject bitcoin?

the main reason countrys rejecting bitcoin because of the fear of market.
I mean the poor government means the 3rd world nations are already down very much they caannot gamble on bitcoin.
the main thing about bitcoin is its market fluctuates very much so people are scared.
Tukang Becak
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October 24, 2017, 12:52:58 PM

Most countries do not accept bitcoin because they fear the use of bitcoin will beat fiat money. if citizens prefer bitcoin then the country will be difficult to control all things, the price of goods so messed up because that is the foundation is bitcoin not government policy.


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Hamilcar
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October 24, 2017, 01:01:00 PM

just confusion why some little country reject bitcoin?


Not just small countries. Even big countries or 1st world countries (if that's you're meaning by big countries) rejected it or tried to regulate it

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October 24, 2017, 01:09:39 PM

Bitcoins may not be so popular in those countries and it's obvious this concept must not be known by them
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October 24, 2017, 01:24:02 PM

Developing countries believe more in visual assets i.e., Gold, Properties..! Awareness about bitcoin will take some time!
moamin77
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October 24, 2017, 01:26:58 PM

just confusion why some little country reject bitcoin?

Maybe to protect their local FIAT money or because (as the majority of other countries) to be able to control everything (that's totally against the decentralization concept)
noel2123
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October 24, 2017, 01:27:14 PM

What do you mean ? I am on a so called third world country but I can use bitcoin ? what do you mean by a small country ? If that country has atleast have an internet I think they can use and accept bitcoin , maybe they don't accept it because they don't know it ? maybe lack of information makes them ignorant to bitcoin that is why they can't use or accept bitcoin

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October 24, 2017, 01:35:22 PM

I think other country experiencing worry on something with uncertain outcome or They just don稚 get it how it works.

Hypnosis00
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October 24, 2017, 01:36:55 PM

Some of the little countries didn't accept bitcoin because they didn't see that the major countries are accepting it so what is the sense for them to accept bitcoin if the big or major countries didn't care for bitcoin so that is what i think when i see some question like this that saying why the little country don't accept this opportunity or embrace this awesome technology.

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