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Author Topic: Why some little country don't accept bitcoin?  (Read 5020 times)
Gloria_16
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October 29, 2017, 05:00:43 PM
 #341

Because the state is not profitable that there would be a currency that bypasses taxes and brings profit to people. Sad

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October 29, 2017, 05:08:05 PM
 #342

Even large countries can't control it properly, what about smaller ones? They are afraid everything (drugs, guns, etc.) will be sent through it and they will not be able to do anythings

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October 29, 2017, 05:10:50 PM
 #343

just confusion why some little country reject bitcoin?

Many small countries do not have the problematics of a big country, a country with just a few hundreds of thousands of people or less do not have the same problems as big countries do so they do not have the incentive to adopt bitcoin as much as other countries where the income gap can be greater between social classes, but I think that is going to change and adoption will skyrocket.

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October 29, 2017, 05:13:30 PM
 #344

Small countries don't accept bitcoin, because of the price fluctuations that happens with time. Here the economy will not be that big and they will be mostly in the growing level in all sectors. So, here when bitcoin is adopted even a small fluctuation will affect the country's economy. Based on the fact bitcoin is not accepted in small countries.


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October 29, 2017, 05:18:10 PM
 #345

just confusion why some little country reject bitcoin?

Well, there are some reason why they do not accept bitcoin. I think one of the reason why do not accept bitcoin is the tax because we all know that bitcoin is tax free. I think they also think that it is a scam even though it is not a scam. Lastly, I do believe that sll country will accept bitcoin in the future.

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November 02, 2017, 05:05:35 PM
 #346

just confusion why some little country reject bitcoin?


Some countries think bitcoins are just a scam and third world countries are suckers for any money making scheme. That's why they think bitcoins are too good to be true. Of course, as 3rd world countries, they want to play it safe and not to risk more of the country's money on bitcoins.
A small country is not the same as a third world country, a small country can be a country like an island that is not very populated but that has high standards of living, bitcoin could be great there but at the same time they do not need bitcoin since they are in a good economic position.

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November 16, 2017, 09:10:58 PM
 #347

As humans we tend to work with what is commonly know to the world.. I compared this to the concept of mobile-money that has taken over  the rural areas of some African countries... It eliminated queues in banks. I know Bitcoin is a must have for the future..
It is true that some small countries don’t accept the Bitcoin. But it just lack of awareness. We take the example of Japan who legalizes the Bitcoin as currency. It is because of tendency of people thinking. They accept it like gold as assets for their future. Some little countries don’t accept because there is poverty level is too much. The people are not able to purchase Bitcoin. Bitcoin is big assets for people.

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November 16, 2017, 11:51:40 PM
 #348

just confusion why some little country reject bitcoin?


Maybe because thee are not yet aware of bitcoin and what are the use of digital currency or crypto currency in our present time. Some countries are not updated with the latest technology, they are not yet familiar with bitcoin.

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November 17, 2017, 12:12:49 AM
 #349

Becaise they dont trust bitcoin or any cryptocurrencies. Fear that they will not get profit and unstable price of cryptos. Or maybe they just dont have enough knowledge and devices or equipments to use in bitcoin.

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November 17, 2017, 12:13:51 AM
 #350

I think there's a few reasons.. trust, internet access, and could be disruptive to the economy.
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November 17, 2017, 12:33:25 AM
 #351

Bitcoins are not accepted in small countries because they do not known its. Those countries are not eligible to use bitcoin or bitcoin have not the benefit for the government.

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November 17, 2017, 12:35:48 AM
 #352

just confusion why some little country reject bitcoin?

perhaps because the country is afraid of inflation in the country's currency and may also be afraid bitcoin will be a fund-raiser for crimes that could have dropped their country

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November 17, 2017, 11:31:26 PM
 #353

Even large countries can't control it properly, what about smaller ones? They are afraid everything (drugs, guns, etc.) will be sent through it and they will not be able to do anythings
Small countries indeed weak in terms of technology, especially the network that is used to access bitcoin. Bitcoin will be very useful if the country can use it and supported with adequate facilities.

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November 18, 2017, 12:04:33 AM
 #354

There are various causes and reasons that make countries not accept bitcoin
It is possible that the bitcoin is too new, risky
Criminals often use bitcoin as a payment channel
The government wants to control its cash flow
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November 18, 2017, 12:20:52 AM
 #355

just confusion why some little country reject bitcoin?


Some countries think bitcoins are just a scam and third world countries are suckers for any money making scheme. That's why they think bitcoins are too good to be true. Of course, as 3rd world countries, they want to play it safe and not to risk more of the country's money on bitcoins.
A small country is not the same as a third world country, a small country can be a country like an island that is not very populated but that has high standards of living, bitcoin could be great there but at the same time they do not need bitcoin since they are in a good economic position.
on how does bitcoin been accepted are base on the country the way on how they lived for so if that country let say some small country of course the way on how they lived for and they can afford or on how they lived for is not as wealth as some bog country of course they will not accept bitcoin, but for being accepted on their living but if that not the case for being accepted may some country i think they can accept it.

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November 18, 2017, 12:37:42 AM
 #356

just confusion why some little country reject bitcoin?


There are surely varied reasons for these countries to reject the use and acceptance of Bitcoins in their country. Perhaps it has something to do with taxes. Or perhaps it has something to do with the impression that Bitcoin is largely used by underground and illegal transactions. Or perhaps they do not want to accept something whose users can easily avoid the banking system and even their personal identities to be known.

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November 18, 2017, 12:48:50 AM
 #357

it simple, bitcoin is still unknown in there, that people would be think that bitcoin is just another scam business. Still, it's hard to believe you can earn digital "GOLD" with only computer processing, but yeah it's really happening.

Japan and another country who start legalize bitcoin that happening because there is so much demand of the people in there who want to use it, if little country as you said know and at least 20-30% people using it, government must be want to support bitcoin, it can help growing they country more faster
agree with you because people not kow about bitcoin , maybe if people/goverment know thats bitcoin is profitable maybe people will be play bitcoin. i think bitcoin can hep the finansial country

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heleng05
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November 18, 2017, 12:56:41 AM
 #358

I think the why some little country don't accept bitcoin is because of their economies not yet grow just like what happened to my country it grow as fast as I hear in news in 1 year and how how fast they accept bitcoin easily.

Renai0925
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November 18, 2017, 01:13:51 AM
 #359

Maybe because they don't need it. Another reason could be that they lack the knowledge of the bitcoin's benefits, or thought it could be a gateway to make illegal transactions. Or maybe they're already satisfied with the currency they have since they have control over it.

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goaldigger
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November 18, 2017, 01:27:20 AM
 #360

I think they are not rejecting it but perhaps they didnt have enough technology to support the bitcoin POS. Another thing is that maybe bitcoin is not so popular in their country that the companies would not use bitcoin as payment because it is not necessary. There are a lot of reasons why they did not accept but i dont think they are rejecting it. Who else doesnt want improvement tho.

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