Why most bitcoin users from good economies countries?

[jaaeeeyyyy]

Just to put those UK figures into some perspective:

• There are 47 bitcoin ATMs in the UK
• This compares to more than 70,000 fiat ATMs
• The current UK population is around 65 million

So there is one fiat ATM for every 928 people. There is one bitcoin ATM for every 1.4 million people.

Because of low inflation rate and high purchasing power of their national currency. Having a currency that is too obsolete to be used to purchase cryptocurrency is not optimal as it would take forever for you to buy crypto especially bitcoin. Moreover, there is a study that linked the average IQ of a certain to its own economic status. Turns out that third-world countries have very low IQs. This could be a reason why we seldom see investors from poverty-stricken countries.

[1714695920]

1714695920

[1714695920]

1714695920

[1714695920]

1714695920

[1714695920]

1714695920

[1714695920]

1714695920

[pilnenkii]

The countries on this list are what most people call the "first world countries", and they are highly developed countries with a developed technological infrastructure, they have the tools to support ATM ATM creation everywhere.

[Sidas_Crew669]

Yes they are very lucky to be born and live in a big country with a good economy, and can participate in bitcoin world without any government ban.
But for now we live in any country we can feel the benefits of bitcoin because of the internet,
Bitcoin legalizes anyone to invest or sell / buy bitcoin, to benefit from bitcoin, and the lack of unavailability of ATMs in a small, economically weak country.
Hopefully by the end of this year, there will be more Bitcoin ATM growth worldwide due to the growing interest in bitcoin this year.

[bitctrimor1]

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 because more people from those countries have the capacity to actually spare some of their money or earnings to be used as capital that, in turn, they can actually swallow even in the event of a loss. As compared for people who are in depressed countries that only earn enough, or more often, insufficient for them to even think of alloting part of their money to something that can be, in reality, be as unsure as cryptocurrencies. They would rather alot it to something that are more important like food, shelter and clothing, for they are more critical necessities of life.

[Clement Kaliyar]

Turns out that third-world countries have very low IQs. This could be a reason why we seldom see investors from poverty-stricken countries.

According to you most of the Asian countries are third world countries and if you look at the market, majority of the volume comes from Asian countries, i just like to point out that you are just an ignorant user to claim that third world countries have very low IQ, looks like you have no knowledge about anything, third world country and a poverty stricken country are entirely different things altogether.

[v0rtecxz]

Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

I agree with your opinion, but some things that can affect the developed countries have a fairly high economic level compared with developing countries, in terms of education is very much different between developed and developing countries, facilities available for developed countries is very easy to get but in some developing countries sometimes facilities like the internet is still very difficult to get in by some people, so they do not have access to knowing crypto and using it

[housebtc]

I think this is a result of better exposure to new technology and better understand of it, it is a know fact that most of these countries with better economies attract the best minds all around the world so they have upper hand over poor countries where access to internet is still poor and not affordable to most of the citizens

[Choyor]

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.

The reason why the use of Bitcoin is dominated by a country whose economy is good, because in addition to its large economy they also have pasilitas that is very populous to be able to access the internet and Bitcoin, so that the country is able to harness the power of technology.

[spyerf]

Because people in richer countries have better access to more advanced technology and more Bitcoin ATM's and similar stuff. You can't expect more users to be from Africa or poor parts of Asia or Europe. America is the richest country and that's why most users are from there. But even people from poor countries still can use Bitcoin and use the benefits.

It's because they have the funds to actually invest in bitcoins. Whereas in the developing countries like in Africa, people sometimes don't have money to feed themselves how much more invest into cryptos.

yes indeed, developing countries of course they are more concerned with the cost of living for today, so what should they invest. maybe even just some of them are looking at crypto.

[ardi28]

Yes they are very lucky to be born and live in a big country with a good economy, and can participate in bitcoin world without any government ban.
But for now we live in any country we can feel the benefits of bitcoin because of the internet,
Bitcoin legalizes anyone to invest or sell / buy bitcoin, to benefit from bitcoin, and the lack of unavailability of ATMs in a small, economically weak country.

[Kayum10029]

Because only developed and good economics countries realise the value and significance of bitcoin. their governments have a good control on bitcoin and banking systems also...

[tentara pelajar]

Yes, a country that has a good economy is also a developed country. They have openness to new technology. They think that bitcoin can be part of a derivative of the global financial system, as it is efficient and decentralized through peer to peer technology.

[RNGfight]

The inflation problem in small countries is very serious.
So I think small countries are more likely to use bitcoin and blockchains on a large scale.

[Nick Abimanyu]

Why most bitcoin users from good economies countries?

The improvement in the economy of a country depends on the quality and way of thinking of its people so that everyone can decide what needs to be done and how to do it. If, the quality of the population's good, then the resources of the country that are inhabited will improve too. So there's a continuity between the government and its people in managing its wealth.

[Sonajin_Coin]

There was an African country which has failed currency that essentially by default switched to Bitcoin (sorry I cannot remember which one).  But in general more wealthy countries will use Bitcoin since they are more likely to have access to the internet and computing devices that can support it.  Also keep in a mind a lot of exchanges don't allow certain countries to buy as well.  This is why I think a coin like Lumens and similar is a smart bet against Bitcoin as it really is too expensive and slow to use for daily transactions or to "truly be your own bank".

[As roma]

Our country has an internet connection that is so slow, we can not access as fast as the neighboring country connection, we can not explore what we want because of the limited internet connection. We also want to do more research but are sometimes hampered by technology.

Now bitcoin has been so high that even people from good economy countries now find it hard to have a reasonable amount of bitcoin. For example, for you to have 1 bitcoin you have to invest more than $ 6k. So people from low-economic countries have to work very hard to be able to invest in bitcoin and their technology is much more advanced than others it keeps people from their country aware of the potential of bitcoin, and bitcoin ATMs is not enough evidence to consider that there are many users there.
My country is Philippines. Our country lacks technology so basically our country will not invest some money into bitcoin ATM, and actually we already have a wallet that has a feature that lets us pull into the bank ATM therefore we do not need bitcoin ATM no longer.

[tanjiran]

The country's good economy reflects the well-being of its people. Usually, it occurs in the developed countries are maximized in utilizing technology. That is, the person is open to the development of technology, especially Bitcoin, and willing to learn and take advantage of opportunities available.

[thepers0n]

The undeveloped countries  have less or not enough infrastructures to build and mine a lot.  Also a lot of people in this country don't even know what it is due lack of awareness.

[mrbamboo]

Bitcoin users often come from developed countries by the society in which they live, giving them a positive perception of Bitcoin. After all, the remarkable benefits of Bitcoin have given them confidence in Bitcoin's role in the Cryptocurrency market, recognizing the value of Bitcoin. And they enjoy the positive benefits of Bitcoin because they are the fastest.

[mrbamboo]

The country's good economy reflects the well-being of its people. Usually, it occurs in the developed countries are maximized in utilizing technology. That is, the person is open to the development of technology, especially Bitcoin, and willing to learn and take advantage of opportunities available.

Right. Technology can change our perceptions, even our lives. From a worker or a regular employee, with the help of technology to bring Bitcoin to them, their lives can change completely overnight. So, in developed countries, people have more access to new technologies and use them for their lives.