Why most bitcoin users from good economies countries?

[Zachwolf]

I think the reason why most bitcoin users are from countries with good economies is not mainly because they have the infrastructures or because they have the money to invest in cryptocurrency. For me, the main reason is that they possess the power of knowledge and information and the 'how's' of bitcoin and other cryptocurrency. These knowledge and information is mainly supported by their money which makes it possible. If we think about it, even an undeveloped country will be able to progress and make mining and cryptocurrency profitable if only they have the information on how to do so. Without it, they will remain ignorant, not knowing that there are hundreds of possibilities offered by the cryptoworld.

It is also depending the income of that countries. The good economy country the more the investors who wants to invest in crypto world that can create also many nice project.

[jaocoincrypto18]

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 will favor these countries because they have the advance technology, most people are computer literate and fastest internet connection is always achievable. In order for the smallest countries to catch up then they should fully support Bitcoin currency without hesitation and regulate it as we all knows that countries that against Bitcoin existence are belong to the poor countries which is i really don't understand. I just hope that this few small countries will realize that the rich countries are enjoying Bitcoin benefits that they should not be left behind.

[Rrotess]

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.

Nice statistics, as I look into the graph most of them are belong in the 1st world country, I thinks its because they already have technology and people has the capacity to earn more than money that they need, unlike in the poor country they don't  have technology to support bitcoin the people is working for their survival and  instead of buying bitcoin, they choose to  a lot the money that they earn for their food.

We have to consider the place and the way of living of an individual. Not all of us are living in an urban areas. Some are staying peacefully in a secluded areas without disturbances and just trying to escape the distracting issues of the world. Where there are no internet connections, less social media, and where crypto is not a big matter. One example is my country. Well, some of my friends are not interested in these currencies because they don't know how and why it is being done. Thatvs why are economy is not that good to compare to others because some of us do not have the exact knowledge. Plus, we don't not have banks in rural areas. 😂

[Coinredd]

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

[Sled]

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

Not all of the investor of bitcoin are rich people, most of the times the investor for bitcoin are just average people who are hoping to get rich and to become successful with cryptocurrencies and that is what is i am seeing in my country that the people like me are really working hard in cryptocurrencies because they believed that it will help them to become successful and to achieve all of their dreams.

[andrei56]

This distribution makes total sense because when you do not have enough funds to support yourself and your family you do not go online and trade, you simply do your best to figure out where to get food for a day and look for that job that provides you with money right away, not in a while like most investments do.

This is just the way thing works, if you look at all the biggest discoveries and inventions you will see they come from people that were in a good economic position already and that could take some of their free time to think about something else than survival, so it makes sense that most investors and most coins are held by people coming from rich countries.

[Sophie_04]

It depends on the country patronizing  bitcoin but most people  use bitcoin discussing about  economics,  maybe it depends  on the other countries.

[charlzyeby]

when people have some savings which they face to loose than it is easy for them to invest and expect more otherwise the poor people who have income only for keeping the food on the table can`t think to invest in a risky environment such as this one.

Actually education and information matter and these are some of the keys  to joining the bitcoin market. Most people in the countries with good economies have higher educational level comparatively and they can easily learn and embrace the bitcoin and the crypto currency economy. People simply would not invest in something they know nothing about.

[wewe123]

Most bitcoin users from good economies countries because these country has abundance in power supply and internet access there people are well educated , and understand what new technology is all about like this bitcoin and cryptocurrency, this people living in this progressive countries are open minded people who listen to what is a good investment is all about like bitcoin investments.

[Bitcoinjheta]

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.

Yes wr can't deny that the big country or have a good economy was common bitcoin user.well i see to the big country for user of bitcoin they not panic if the bitcoin fall down because they have a good economy and a rich country so they don't mind if the bitcoin gone and they not afraif to try it. Noe the bitcoin hava the biggest value in other cryptos and i think the big country was get more big and get more many investment because the bitcoin price eas so high

This is because countries with good economy has more advanced technology and are more civilicized thus having advanced knowledge in almost everything. They have good education and has support from the government that is why they are always in the front row compared to other countries.

[owmivmen]

I think developed countries like America have a rich population and can buy bitcoins easily. different from citizens in parts of asia. the growth of crypto enthusiasts in every country is growing every year.

[Jembut Ireng]

Things that are not owned from developing countries are internet access is very difficult and expensive while internet access in countries with good economy is cheap and even free, this is what makes bitcoin development in developing countries is difficult.

[djselery]

Because the price of Bitcoin is still high and most people from the third world countries can't afford to invest in Bitcoin, while people from the developed countries have high incomes usually from their regular jobs, and they afford to buy BTC monthly or even weekly.
Also, the education in the developed countries is better, and people from rich countries are more interested in the blockchain technology.

[ricardobs]

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.

Too difficult for a 3rd world country to adopt cryptocurrency because no one is helping them even their own government. Too much corruptions, and sometimes people are not educated enough to use cryptocurrency. Mostly ICO's are comes from a largest country because thats is a right place for them to operate their project and they can't afford to take risk on making business in a country that is not open for cryptocurrency.

Countries with good economies can afford and most of the people have education. There internet are faster. The people have also more resources to have an investment.

Yeah a well developed country provides all kind of facilities to the people and they give us all kind of facilities which can make our life economically easy. There will be more resources the most important thing that people are aware of crypto over there so I think we are going to have better thing that an under developing country than developing one, I feel safe being a part of well developed countries as here everyone knows about crypto currency and they happily use it to make more development.

[robotrobert]

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.

Good economies means that the country is developed that’s why the economy of that country is good, so I don’t think this thing had importance to write here. Bitcoins transaction has become easy because a lot of developed countries in the world are realizing bitcoins everyday so it means the transactions would be done easily and no hurdles would be in its way.

[socksserver3]

I think that this is due to the fact that developed countries have more possibilities for the development of crypto currency system. Good economies countries understand that the digital currency has many pros

[longyenthanh]

I think that this is due to the fact that developed countries have more possibilities for the development of crypto currency system. Good economies countries understand that the digital currency has many pros

True, for me they have more opportunities to find out how crypto is working and what profits could they get from investing and what is more they have more savings to risk like in investing in crypto market.

[mamarried]

the reason is the budget level of people, someone haven't 100 USD to start, they looking for way to get money quickly, so they go for a works

[Potatohead]

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.

We can't deny the fact that people from countries with not so good economic condition are too afraid to invest because they value their money so much. It is important for them to assure that once they release their earnings , they could gain a great profit out of it. Sometimes, they have trust issues about investing.

[ceylan]

It's funny.. You can't expect people from poor countries where they don't have internet access to care about bitcoin...  good economies countries means developed countries they have lot of resources to learn about new technologies