Why most bitcoin users from good economies countries?

[FlightyPouch]

because bitcoin is an asset that is very promising the results that are obtained, so most of the users of the bitcoin are definitely economically guaranteed and fulfilled too...

Good income countries will take this opportunity to increase their wealth later so if they want to invest a little of their money it won't make them bankrupt.

If you will be an investor, you should know or be certain that you will be getting a good profit out of it in the near future. You can't waste your money and time unto something even though it is small or large. Wasted money and time is also important so we should really manage them very carefully.

[Zadeket]

I think its down to many factors really.  Some of the major factors for people in developing countries are intermittent power supply and internet service which makes it very difficult to either get online or stay online with either of those services not being available steadily.  Also, i think those of us from certain continents have much more disposable incomes that we can afford to invest in crypto without much risks to our daily living standards whereas for some countries, every little amount can make the difference and can sometimes be about survival..

I think intellectual factors in developed countries are supported by government policies, so people are more free to improvise in their lives, including legalizing bitcoin for investment or trade. The government only provides regulations on bitcoin, but does not prohibit it. It even facilitates the progress of the bitcoin business, such as fast internet, bitcoin ATM facilities, and startups that use bitcoin.

[yitzjoe]

the distribution of crypto users is inseparable from the country's economic level and the tendency of established economies will have considerable interest in crypto such as the US, Korea, Japan, China and many more but some developing countries like Indonesia also have quite a lot of users. this will continue to grow according to the benefits that crypto has given them

[virasog]

because bitcoin is an asset that is very promising the results that are obtained, so most of the users of the bitcoin are definitely economically guaranteed and fulfilled too...

Good income countries will take this opportunity to increase their wealth later so if they want to invest a little of their money it won't make them bankrupt.

As you know that bitcoin is not a cheap currency and it worth thousand of dollars. Small countries people with less money will not be able to involve and convert their fiat as much as rich people can do. So more the good economy of a country, more people can keep their savings in bitcoins.

[PlusOne88]

It is expected and cannot be denied that the more advanced countries would surely be the leader in this more advanced technology. It would be more questionable to see that such a small country with less bitcoin users will have the most bitcoin ATMs. So what for? Who will be the clients then? So you don't have to wonder about it. Had it been other countries have started it and are as well advanced they would have been just the same as the US now.

[paparexon0414]

This is answered already with a good common sense. Bitcoin is something you buy with money. Good economy just indicating good pay for its citizen which they can be used in buying bitcoin and cryptos. I tell you that i belong to a third world country and most of the people here will just allocate their salary to the most basic needs. Investments is not part of the priority here. Most of us doesnt have the idea or at least learn the basic of investments. Only people who have the resources and money can have the opportunity to buy bitcoin.

[criza]

Countries with good economy do not gain their status of having good-performing economy just for nothing. And that I think is the main reason why they are using bitcoin. They do not just settle for what they already have. They explore more and expand more. They took the advantage of their economy to get involved in bitcoin. Whereas we cannot expect a poor country using bitcoin that has no food to eat, no things to buy and use, and no strong internet connection to use. Moreover, one's economy may also dictate one's education about bitcoin. Hence, poorer countries that find it hard to have an education, may not become aware of bitcoin.

[acener]

It's because they are aware of cryptocurrency and they were able to adapt it very fast. Third-world countries are not that capable in investing in crypto currency. Even here in our country, only few people are aware of cryptocurrency, most of them are bounty hunters and not an investor at all.

[dimox]

low class society will never know about crypto because there are some level for us that confine them to learn something new, it can be from tool, way to thinking, and many thing. when we as crypto player, must be share about this one to low class. so, they know and practice, and it can be do equally by all level

[fer3219]

since these people have access to more information (internet)  and have the resources to make low - high investment.

[TRONTON]

the economic level of everyone in developed countries is very adequate and makes many people can try many alternative businesses and affordable investments as a side business, things that are very different happen for developing countries, but one thing that is preferred is the dominant concentration of altcoin markets from developing countries and this happens because of the quantity perspective that they can still do in accordance with their respective abilities.

[legenduim]

because bitcoin is an asset that is very promising the results that are obtained, so most of the users of the bitcoin are definitely economically guaranteed and fulfilled too...

Good income countries will take this opportunity to increase their wealth later so if they want to invest a little of their money it won't make them bankrupt.

Certainly, these people simply have enough money to buy Bitcoin. If a person gets 3-5 thousand, he can easily invest 1K in the crypto. People in developing counties do not earn much and they cannot spend a lot.

[ubikalo]

i live in Venezuela and I don´t agree with many of you here, Maybe it because there are different approachs about crypto. One the invetment view, and how many use it as investment and profit way. This is maybe tru in developed countries, but in those countries there are more options too for that, crypto is not the only one. And unstable markets make unsure investors to run as hell when market goes down. The second view and it is very personal and from a very messy country is: we have very few options in economy. Our fiat money is a mess, it looses values every hour, no matter how much you earn you lose. Cryptos are the only real, legal and fast way to save value and daily use for many of us. It is the second point of view, we don´t see cryptos as investment, we see them as a lifesaver in daily basis. People here is making their living earning cryptos and this is for me the most important goal for any crypto, no the profit from market, but the value from talent and entrepreneurship,  Bitcoin here is very used but for my other coins like Bitcore BTX will lead this race in mass adoption because its low fees, and here where every penny counts low fees coins will have a huge advantage in countries like mine. For a developed country 19 or 10 bucks are maybe one night out, for a family here can be one week of groceries or medicine...different views, diffferent points of view. I bet for Bitcore BTX for now more than Bitcoin , and I will teach more about crypto oppotunity every chance I have. Nice to read your opinions!

[MathiasCrow]

It seems to me that it`s easier to dive into Bitcoin when you have stable economy/job opportunity to retreat to in case you fail in Crypto.
People from countries with good economic condition consider Crypto not in desperate light, but as an opportunity to increase their wealth even further.

[ubikalo]

It seems to me that it`s easier to dive into Bitcoin when you have stable economy/job opportunity to retreat to in case you fail in Crypto.
People from countries with good economic condition consider Crypto not in desperate light, but as an opportunity to increase their wealth even further.

Actually here it happens in different way, Venezuela has more BTC txs than any other country except USA, figures from LocalBicoin, and the reason is the one I told you, we have very few options to save our money value.

[Pab]

Try to buy btc if you are making 200$ a month
There is many users from not wealthy countries
They are bounty hunters they are trying to make some btc in various way
For many of them it is very good stream of incomes even if they will own small btc amount
There is very hard to find from what countries are btc users as many people are using vpn services

[Quennlorna42]

will, not all of them be good in the country's economy as well as those who are struggling and developing and working hard for the future and not only those who have good prospects for bitcoin, there are also poor who want to get rich or get a good profit, to help with difficulties. and I think everyone joins bitcoin becomes prosperous and also helps with the needs for daily expenses.

[cc80aa]

    Maybe the reason why most bitcoin users from good economy countries because mostly are exposure to the stocks market they do know how to make money through this business thats why many people from those country are joining in bitcoin. From third world country not only money is the problem, they dont understand how to run the business and make money better.

[fly99]

Countries with good economies usually have developed financial industries. There are many investors in the developed financial sector. The investment community has been popular for decades. From the stock market to real estate, there are a large number of investors entering, so the developed countries are more likely to accept bitcoin.

[Santoshi_my_God_]

    Maybe the reason why most bitcoin users from good economy countries because mostly are exposure to the stocks market they do know how to make money through this business thats why many people from those country are joining in bitcoin. From third world country not only money is the problem, they dont understand how to run the business and make money better.

Well this is an open secret that those from the developed countries have access to everything in terms of financial resources and since the government is a bit flexible and has allowed using the technology, a big portion belongs to the developed countries.