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Author Topic: Why most bitcoin users from good economies countries?  (Read 35271 times)
DODREAM14
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June 06, 2018, 07:12:52 PM
 #301

It is much easier for rich people to invest in new technologies. The richer the country the more it is willing to spend on research and development that may not yield any results
Sirait
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June 06, 2018, 08:26:20 PM
 #302

good country economy, surely human resources in the country is very good (already discussed in school textbooks),
how can poor citizens know what is Bitcoin while the average of the population is very hungry, and the education of the average population is low...

Biggapp
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June 06, 2018, 08:57:19 PM
 #303

Developing countries, access to infrastructure, intenet is very difficult. Because of the location they live in, they are not in the field of information technology. Because of this, bitcoin users are usually concentrated in developed countries.
This is because the technology has merged into the lives of the people and almost all the companies and big shopping malls have been accepting payment in the form of Bitcoin. This has provided easy transaction to the people and has had a good decade in countries that are developed. Besides, many of the developing countries have banned the technology and many give low facilities to their people to invest and make use of the technology.
ryzaadit
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June 06, 2018, 09:37:44 PM
 #304

It is much easier for rich people to invest in new technologies. The richer the country the more it is willing to spend on research and development that may not yield any results
Well its just not about investment good country invest on Like digital money because they have some knowledge from their education learning. Thats why they invest because seen a good feature for Digital Money like Bitcoin.
ejandjm18
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June 07, 2018, 06:19:54 AM
 #305

Bitcoin is a good investment that makes sense, to have good exchange rate from good economy countries. When we look at the graphic that they shared with us, we can see the most capitalist ones like USA or United Kingdom. So we can understand that bitcoin has a relation with countries that have good economies thanks to their economical methods. When you imagine a country that has low economical value, people in this country can not think bitcoin.
eneifed
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June 07, 2018, 06:49:18 AM
 #306

This is because people is developing countries are not much educated and thus they will not understand bitcoins. Also, internet is not available everywhere in such places.
Sengoko
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June 07, 2018, 07:26:33 AM
 #307

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.



Bitcoin is very costly if you’re living in a country where your currency is worth nothing compared to those in the U.S. A country where 70k is just 200 bucks will find it difficult to invest any money into bitcoin, that’s because they are very poor. That’s why most Bitcoin investors are living in a developed countries. But it’s not a must to invest money, you can still do other things to make money through Bitcoin.
Uno17
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June 07, 2018, 08:59:08 AM
 #308

Those bitcoin users that came from a good economy country, obviously most of them are financially stable, they don’t have any money issues so of course it is very easy for them to acquire bitcoins as much as they want to. But of course there are some bitcoin supporters also who came from a low economy country yet they afford to buy some, it’s because they work hard to have a good living and financial stress free life.
pallang
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June 07, 2018, 10:33:48 AM
 #309

The reason why most Bitcoin users came from rich countries just because they have the advance technologies and money that they can use in investing they can buy as many Bitcoin as they want because they have money compared to poor countries that don't have the knowledge about Bitcoin and the money they have is just enough to buy for their foods.

Eliyo
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June 07, 2018, 11:16:52 AM
 #310

These things trickle down from the developed economies to the developing and the under developed economies and this is the reason why most bitcoin users are from the good economy countries. They become acquainted with these innovations and begin their exploration and exploitation a lot more earlier than us. Hence we should accept this fact as a reality. From available information, bitcoin ATM should not be the bases for such statistics as some countries with heavy crypto traffic have no ATM.
laravuemaster
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June 07, 2018, 11:33:47 AM
 #311

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.




Not every country can handle the growth of bitcoins because if people will place their money on bitcoins then the banks will lose some of their funds that is coming from tax and government will have a decrease on capital and their only way to survive is to eliminate cryptocurrency in their place.

maculeth
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June 07, 2018, 11:38:41 AM
 #312

because all the need to access bitcoin sellau fulfilled in a country with good economy. call it a matter of signal, in a country where sometimes to get a good signal is very difficult. especially other needs such as smartphones and also pc, in a country with good economy, almost everyone has it.

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NVCPRO
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June 07, 2018, 11:39:08 AM
 #313

In developed economies, information technology and the internet also grow. Countries with underdeveloped economies will have low access to the internet. Meanwhile, the use and investment in electronic money requires internet.
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June 08, 2018, 06:16:26 AM
 #314

Because we are having the investors menthallity, our people more rarely have many debts and financial troubles, than others
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June 08, 2018, 06:25:12 AM
 #315

Actually, this is not 100% correct.
If we see that picture above, why Japan is in the lowest rank? I think Japan has good economics. You can see it in this wiki: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

Indra32
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June 08, 2018, 07:15:43 AM
 #316

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.




I think Bitcoin is the currency after all, and those who use leather bags are not worth using it as intended. The problem is the quality of their posts. Because they do not really care about bitcoin, they do not have much to say and do not have the linguistic ability to communicate well. Great world.
Some of them starred here in bitcointalk, spam in their best effort in English, trying to earn money through air tickets, gifts, translations, and sig campaigns. You have seen it, because I have seen it. It's sad and makes a bitcointalk a crazy house, but that's the reality. Do those users really care about bitcoin? Probably not. They are content to spend it on gambling and rice.
bennie4
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June 08, 2018, 10:27:35 AM
 #317

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.



You can see that nations with good economies are highly developed countries, which are ahead of technology and the applications of technology have also been heavily applied to their lives. Therefore, it is very easy to put bitcoin into the hungry transaction and it will be much more convenient. The success of the 4.0 technology has been firmly confirmed.
Financial Freedom 4U
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June 08, 2018, 10:41:56 AM
 #318

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 don‘t think you can draw a correlation between the amount of atm machines and bitcoin users in different countries. For instance in Germany there are far more Bitcoin users than in Austria, but Germany does not have a single bitcoin atm due to regulation and politics.

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poisonivy77
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June 08, 2018, 10:56:59 AM
 #319

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.



It does not make much sense actually I think big and developing country have just vast knowledge compared to other country with regards to bitcoin. Or maybe due to the speed of internet in the country it could be a factor too.

btchunter02
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June 08, 2018, 11:11:12 AM
 #320

The fact that they have all necessary needs money, fame, good equipment, they also support there own fellowmen.
They have enough money to support there projects.
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