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Author Topic: Why most bitcoin users from good economies countries?  (Read 3748 times)
Nemhongonie
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September 07, 2018, 02:34:43 AM
 #581

Every transactions are recorded in the block digitally that acts like a ledger. All blocks are connected to each other so that nobody can alter it .Bitcoin users are mostly from economically developed countries having minimum required education and living facilities through the state government so Bitcoin is globally attracted for the daily requirement.
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September 07, 2018, 07:15:09 AM
 #582

perhaps due to literacy and the opportunity to invest free funds in different directions? in General, I thought that undeveloped countries invest more

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September 07, 2018, 10:03:12 AM
 #583

excess money, comfortable live, big risk credit, access to technology and knowledge.
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September 08, 2018, 07:48:43 AM
 #584

perhaps due to literacy and the opportunity to invest free funds in different directions? in General, I thought that undeveloped countries invest more

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September 08, 2018, 07:54:42 AM
 #585

There was a redistribution of funds from rich to poor people in my opinion. Countries, in which people are well-off can risk more free means than people in poor countries. Accordingly, where one lost, others acquired.

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September 08, 2018, 08:01:03 AM
 #586

yes because they have information and knowledge about cryptocurrency and know the development of currencies and always do a search to grow their assets so they can know bitcoin and finally trade on bitcoin.

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September 08, 2018, 11:39:52 PM
 #587

For one to trade with Bitcoin certain factors has to be put into consideration first and must be available-
Knowledge which they say is power
Adequate information about the transaction process
Constant power supply
And of course data and the financial strength to acquire the initial BTC
The above factors are the constrains of people from poor economic countries.

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September 15, 2018, 08:07:35 AM
 #588

In my own opinion there are a lot of bitcoisn users in that because bitcoin cannot be discovered by those people who do not have an internet Connection way back then because bitcoins are just pipular by those people who are always in the internet.
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September 16, 2018, 09:07:47 AM
 #589

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 most Bitcoin users come from countries with good economies because they have the opportunity to access and use new technology. It is clear that with a good infrastructure and a wide variety of markets, the land that exists for Bitcoin is vast. And with the open economy they can be more secure in using Bitcoin than in other developing economies.

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September 16, 2018, 11:18:42 AM
 #590

I am from Indonesia, but the economy in my country is not that good, which is why there are not so many crypto and blockchain users here
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September 16, 2018, 01:01:45 PM
 #591

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.




Obviously those more adoption of bitcoin listed here are actually have a capability to adopt because of a rich country and enough electricity and internet also the digital technology is coming the big country like the leading country which is USA.


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September 16, 2018, 02:47:45 PM
 #592

yes because they have information and knowledge about cryptocurrency and know the development of currencies and always do a search to grow their assets so they can know bitcoin and finally trade on bitcoin.
Countries with established economies have fast and stable internet networks. While bitcoin as a digital currency in running its operations requires fast and stable internet, because everything happens in cyberspace. To find info, data sources, and everything about bitcoin, it's very easy. Compared to technologically backward countries, if there is an internet network that is too slow and the signal is sometimes lost, then bitcoin is only known to be incomplete.
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September 16, 2018, 03:11:18 PM
 #593

I guess it is because the citizens living in those countries with good economies would have more extra money to invest into bitcoin as compare to countries that are falling behind in development, and which companies would want to install a bitcoin ATM in a country that only attracts a few customers buying bitcoin from the machine daily? The obvious choice would be to install more bitcoin ATMs in the countries with good economies as the spending power of the average citizens there would be higher.

crazymelons12
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September 16, 2018, 03:39:19 PM
 #594

The bitcoin ATM could really make us conclude that these countries are the one's who had so much love for bitcoin. They find it useful as nobody would want to use bitcoin ATM for no reason at all. These could only mean that as you might have been thinking are the countries with most users. It is possible really but somehow this is not the only factor we are going to consider. Internet connectivity is one, Initiators and entrepreneurs are also a big factor that could influence usage of bitcoin and install these ATMS. There are so many factors to look at yet these are the things that could have made it popular.
romantic007
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September 16, 2018, 05:03:07 PM
 #595

People of countries with bad economics have less money and different problems to care about. Also in such countries usually there are many families who have many children, like 4 or more, and those families can't afford doing crypto.

abduramann
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September 16, 2018, 06:08:57 PM
 #596

I think the number of ATMs cannot represent the number of Bitcoin users. To my experiences, the cryptocurrencies are taking attention of developing countries because of its high possibility which may make someone rich quickly. I think the number of the bounty hunters represents the number of Bitcoin users more correctly. To me, they are mostly from developing countries.
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September 16, 2018, 06:39:38 PM
 #597

Bitcoin is easily available in these countries that is the reason why most investors are from developing countries we can see many atms available mostly in developing countries


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September 16, 2018, 07:18:16 PM
 #598

the countries that have not a good economy 7 but a higher technological adoption rate are slowly realizing that bitcoin is the culture of the economic trading standard and are testing these concepts on a small scale, these include South Korea and Germany to be on the top of the list,







I think countries with good economies are open-minded about increasing digital currencies because they have spare money to release them. We all know that Bitcoin is currently mostly used for investment only. Buy and hold. There are some traders who accept BTC as payment. This is logical because third world countries prefer paper money rather than digital currency to pay for their basic needs. Investing in digital currencies is the last thing they think, food and other basic commodities must take precedence.
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September 16, 2018, 07:24:39 PM
 #599

the countries that have not a good economy 7 but a higher technological adoption rate are slowly realizing that bitcoin is the culture of the economic trading standard and are testing these concepts on a small scale, these include South Korea and Germany to be on the top of the list,







I think countries with good economies are open-minded about increasing digital currencies because they have spare money to release them. We all know that Bitcoin is currently mostly used for investment only. Buy and hold. There are some traders who accept BTC as payment. This is logical because third world countries prefer paper money rather than digital currency to pay for their basic needs. Investing in digital currencies is the last thing they think, food and other basic commodities must take precedence.

The main problem is that good economic country have all facilities of technology that is why they can use the bitcoin technology and they have internet connection.
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September 16, 2018, 07:28:12 PM
 #600

I think that the reason may lay in technologies and how information spreads. Good economy countrys citizens have more opportunities to get info abot BTC and other crypto in my opinion.

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