Why most bitcoin users from good economies countries?

[pooya87]

usually in the developed countries people find out a bout newer technologies faster and use them more too. there will also be more services for that new technology too. bitcoin needing internet, also means you can not expect that many users in under developed countries which have slower or even no internet access in some areas.

your picture that you share here is also very misleading because it only shows the ATM machines in different countries and that is not a representative of number of bitcoin users.

[centralbanksequalsbombs]

LOL ahahhaah,

your picture you present has NOTHING to do with country adoption of bitcoin or trades. Its a list of availability of bitcoin specific ATM machines - completely different things.

Bitcoin has been CLEARLY GLOBAL and growing....held and sought after by people in almost every country - OP you might be better served by this picture:


 see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0


Developed countries have investors that pay attention to asset classes...In the US, even as the stock market has tiny falls, you see something like this:

[Budugbass]

In essence, The countries have a good economies is likely to continue to observe the development of the era to a more modern direction and continue to follow developments such as in emerging new technologies (bitcoin) on the internet. Of course the countries will try to balance it and accept the developments of bitcoin, and automatically the people in the country will entirely follow the development of the era till close to bitcoin. Well obviously bitcoin will be more popular in that country and more and more used by citizens because indeed bitcoin has been legalized in that country.

[bozo333]

Bitcoin is the future currency. It will use all people for the future growth and learn more information for the investment process. economy is the importance of the country. So economy will grow country also grownup. people growth is the importance of the economy and country growth. people use the bitcoin it will improve self and skills.

[Icaxx]

Most of bitcoin users from good economies country because they have enough salary to put into high risk volatile of bitcoin.
Developed country citizens also more care about technology more than undeveloped country. So thats why more users is from good economy country.

[mevmike]

the information wherein more highly developed countries has more bitcoin users as compared to the third world is true.
due to many factors such as, the spending limit of individuals.
of course people in the third world countries will rather spend their money with their basic needs rather than investing on bitcoins.
another reason is the access of people in the internet.
not all areas i n the third world countries are reached by internet services.

[ethereumhunter]

maybe in that country, there is a good internet connection because when we want to use bitcoin, we need to have internet connection first and then we can use bitcoin. but i don't think that there are only users from good economies countries that have a big opportunity to using bitcoin because i am sure that people from other country which have limited internet connection will trying hard to use bitcoin and they will trying with hard to use bitcoin because they know bitcoin give the best way to make money.

[sheamus10]

I also think that way, growth of bitcoin atm in big country is very much and can not be calculated. Bitcoin is an attraction for large countries especially in America, this is very good because bitcoin will continue to developing

[rickyleatham]

bitcoin has just been born recently, however it is a digital currency using internet. so many developing and undeveloped countries know little about it on the internet, so it will harder for them to have oppotunity to use bitcoin, moreover their internet  may slow or dont have chance to use internet.

[Nerman]

People on developed countries will have more money to spare. Their wages are higher compared to developing countries. They can invest large amount of money that working class people on developing countries cannnot afford to. People from the third world country will buy their needs first. Food is usually on the top of the list. Also Many people would rather save it in a bank so when the time that they need it they can withdraw it right away. Also financial literacy in developing countries are not great, unless you research or educate yourself no one will tell you how to handle money.  

[sukamasoto]

Most of bitcoin users from good economies country because they have enough salary to put into high risk volatile of bitcoin.
Developed country citizens also more care about technology more than undeveloped country. So thats why more users is from good economy country.

They able to organize bitcoin with more advance technology so they able to control bitcoin in better way. They able boost bitcoin's demand because they able do great marketing / advertise with more precise and efficient.
No wonder if they always 1 step ahead than other country that try to adopt bitcoin for the first time

[The Alchemlst]

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.

Because they live in a more develop country where they are already privileged to some factors affecting being efficient in earning bitcoins like internet availability and cost of living, electricity bills and educational level. But I think its only a matter of time before everyone in the world actually uses cryptocurrencies like cash on a daily basis.

[Don Pedro Dinero]

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.

First of all pal, this statistics(atm usage) report, isn't a reliable source. Mainly because a lot of countries that have a lot of peiple adopting to Bitcoins amd the whole crypto currency world doesn't all have these bitcoin ATMs. Because clearly, not a lot of governments support these great technologies (the cryoto currencies).

Economy, yes. That is also one of all the reasons. But also, materials amd a strong reliable internet connection really does play a big role in the crypto world. And no doubt, most of the countries out there do not have the privilege to have this. That is why we mostly see people from great economies use crypto currencies more than other people.

LOL ahahhaah,

your picture you present has NOTHING to do with country adoption of bitcoin or trades. Its a list of availability of bitcoin specific ATM machines - completely different things.

Bitcoin has been CLEARLY GLOBAL and growing....held and sought after by people in almost every country - OP you might be better served by this picture:


 see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0


Developed countries have investors that pay attention to asset classes...In the US, even as the stock market has tiny falls, you see something like this:

I completely agree with you both. When I first saw OP’s graph I thought: What!!! 27 ATMs in Spain whereas only 11 in Japan!!! LOL
That graph means nothing (OP’s one).

Bitcoin ownership and use is far more spread in Japan than I Spain. If there are so many ATMs in Spain compared to Japan is because in Spain people are so dumb that they will pay all the extra charges in a ATM. That is supposing that people are buying bitcoin from those ATMs, because I wouldn’t be surprised if not many people are buying from them.

A Spanish company also reached an agreement with a major Supermarket to start selling bitcoin cards in Spain: https://news.bitcoin.com/bitnovo-offers-loaded-bitcoin-cards-at-fifty-spanish-carrefour-retail-stores/

But does that mean that in Spain bitcoin use is spread? No, it means it’s not spread and that people here are in general poorly financial educated, so if they end up buying those cards they will be paying around 15% extra charges.

[Kazi Sajib]

Bitcoin is acceptable in large and developed countries, so people of this place know the proper use of Bitcoin, so bigger countries have more than Bitcoin users in comparison to the small and medium countries.

[Sale_man]

Bitcoin users aren't necessarily from countries that maintain a good economic status because those who are issued from wealthy countries such as Switzerland or Singapore doesn't even care to invest in bitcoin or any other crypto because they are getting enough money from their own share of their nation incomes . Furthermore , people that come from developing countries are the ones most interested in bitcoin because it's a much stronger currency than the one they use and it allows them to enjoy a financial independence and being able to purchase what they want not caring of how to get that foreign currency needed .

[McKane]

Trading in Cryptocurrencies need some basic infrastructure like electricity, mobile, internet, mobile wallets etc. Bitcoins are popular in developed countries like USA,Uk, Canada, spain,Japan etc because they already have these setup easily available. Level of literacy and advance education is available in such countries. As a result new concepts get understood easily by the people living in these countries. People from these countries can put pressure on their governments to adopt new changes in economies. Third world countries or developing countries are still not in a position to proved basic infrastructures required for development/ progress of cryptocurrencies. Government of such countries have centralised economies they always manipulate the policies as per their needs, how can they allow decentralised and autonomous currency like bitcoin

Bitcoins could be utilized by each individual on the planet for the great economy nations as well as for every one of the general population of the world in the event that you are jobless and you need work than simply enter the universe of bitcoins and afterward you will be never again a jobless individual on the off chance that you are an understudy than you can likewise spare your pocket cash in bitcoins on the off chance that you are resigned individual than you could likewise utilize a Bitcoins implies the bitcoins could be utilized by each individual on the planet.

[Mike Mayor]

Most likely because they the ones with most of the money and are the driving force behind it's price. People from third world countries can actually take good advantage of this price drive and change their lives. 

I am surprised there are not more European users though.

[erickkyut]

The possible reason that I can think why most Bitcoin users are from countries with good economy is that the people there are open minded. They are not afraid of changes and always willing to take a risk. Aside from that, since their country have good economic status, most likely they have big capital to venture into Bitcoin. We can spread Bitcoin awareness even to third world country by spreading good news about it.

[ethereumwhite]

Most likely because they the ones with most of the money and are the driving force behind it's price. People from third world countries can actually take good advantage of this price drive and change their lives. 

I am surprised there are not more European users though.

Some Venezuelan people got their life saved with that.

[Cangkeman Wae]

Because of the factor of information and the internet, in a prosperous country it is certainly very easy to get any information, besides that most developed countries give freedom to the people rather than many poor rule countries.