Why most bitcoin users from good economies countries?

[Zapitmyname]

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.

I believe that those who are from the developed economies are already enjoying the economies of scale in their business and since their return is more, they feel more than ready to invest in any new venture which is why we have members from the developed countries ruling the crypto market.

[KKH84]

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.

I agree with you and a country with a good economy will provide a smooth internet network, because the main thing about crypto is the smoothness of the internet signal and the internet that is smoothly and cheap can provide all information, such as cryptocurrency.

[Janation]

I agree with you and a country with a good economy will provide a smooth internet network, because the main thing about crypto is the smoothness of the internet signal and the internet that is smoothly and cheap can provide all information, such as cryptocurrency.

Doesn't mean that they have good economy they will immediately provide great internet network.

That is not a thing. If they have a good economy, they have good economy and the internet has nothing to do with it. There are a lot of countries that has good economy but still have that slow internet. Also, you are like saying that cryptocurrencies is a information that needs to be obtained which is really not. They have the great economy since they are all making their own profits, many people from that country have their way of earning their own profit and they are all that people that take risks from investment like Bitcoin and other cryptocurrencies.

[Naida_BR]

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.

People from these countries are more reluctant to risks. They are able to buy some crypto and do not jeopardize their everyday life. It is a cost that they can stand and also I should not forget to mention that developed economies have more options to purchase cryptos. This is because they are markets for many institutions.

[romero121]

There is nothing as most bitcoin users were from good economic countries of the world. Because bitcoin is being used in the economically downtrodden African countries as well in highly grown economies like USA, Canada and so on. This clearly shows how bitcoin has reached the people. With the grown countries it has reached earlier through the developed networking while the same took time to reach African nation which is due to the lack of networking and the communication system.

[qwerty6274]

It's simple. Because people in the third world do not know about it. I think they have other concerns in life. They are the question in the first place is not: "Where to invest money?", but the question: "How to make money and feed your family?" And not everyone has the opportunity to use the Internet or make online purchases

[yusupjatigumilar]

The economic level of a country also signifies the level of knowledge of its people towards business and economy, this in my opinion is the reason why the bitcoin users come from countries that have good economies? This is because of their knowledge of investment, a country that already has a good economy certainly has a glance about how to save money and multiply it differently from a country that only thinks how to get and save money.

[biskitop]

because in a country with a good economy, the government  always be open to new technologies and give them the freedom to access them.

[maman567]

Only country have good economies use bitcoin and many user from that country, maybe they have much money because bitcoin is one way how to get profit with investing or trading, without have much money how come to start trading or investing.

[bananaunana]

Well, I would not refer the number of Bitcoin users to Bitcoin ATMs in a country. A lot of countries from SE asia don't have the infrastructure to place Bitcoin ATMs everywhere but a large number of people is unsing Bitcoin there. I can imagine some of there coutries will catch up in the future and have more people using bitcoin.

[reality18]

It is always about the infrastructure. The availability and affordability of internet sources and computers in the good economic countries determines the high level of Bitcoin patronage. The opposite happens with the low economic countries which are normally developing or under-developed. Aside the infrastructure, the some of the people in these low economic countries are still illiterates and cannot even access the computer.

[awik p]

It is always about the infrastructure. The availability and affordability of internet sources and computers in the good economic countries determines the high level of Bitcoin patronage. The opposite happens with the low economic countries which are normally developing or under-developed. Aside the infrastructure, the some of the people in these low economic countries are still illiterates and cannot even access the computer.

I think that aside from that, human resources in developed countries are more modern, so they are the first to learn about technological developments. especially if these developments will bring benefits in the future, so they are the first people to receive benefits from these developments. one of them is that they will get richer

[pieppiep]

United States has a very stable and good financial condition, they are a very developing country, and they are countries that like technology that can benefit their country while if there are so many US countries that use bitcoin and there are many bitcoin ATMs then that is technological progress that very good.

[sirminesalot]

because bitcoin was created with the times and technology and that's what makes people invest in crypto currencies that are in advanced and modern countries
and also now that the investment in many countries has grown a lot which makes them get freedom

[bangkit tri]

because bitcoin was created with the times and technology and that's what makes people invest in crypto currencies that are in advanced and modern countries
and also now that the investment in many countries has grown a lot which makes them get freedom

right, developed countries certainly have the first technological development. so they applied it in their territory first, and finally spread throughout the world. with the development of these technologies, their economies will follow by themselves

[Findingnemo]

because bitcoin was created with the times and technology and that's what makes people invest in crypto currencies that are in advanced and modern countries
and also now that the investment in many countries has grown a lot which makes them get freedom

But what kind of technology we need to invest on the bitcoin?

An android or a pc with internet connection will be enough for people to buy and sell cryptos.

So the analysis based on number of ATM is not going to be right.

[Barbut]

because bitcoin was created with the times and technology and that's what makes people invest in crypto currencies that are in advanced and modern countries
and also now that the investment in many countries has grown a lot which makes them get freedom

But what kind of technology we need to invest on the bitcoin?

An android or a pc with internet connection will be enough for people to buy and sell cryptos.

So the analysis based on number of ATM is not going to be right.

Lets be real, US is one of advanced countries, people there have really high paychecks, monthly paychecks. I work entire year for almost nothing with what money will I buy some bitcoins and how much, but average american can take $100 and buy bitcoins, in my case its half of monthly salary, can we compare that.
In my town people still dont know how to use credit cards, what to say more, they dont know to use cash atm, about bitcoin atm they never heard. And this is story how to get some bitcoins, where to spend them is again similar story, in advanced countries you have where to spend bitcoins, in my town you dont have a single place to even talk about it.

[Findingnemo]

because bitcoin was created with the times and technology and that's what makes people invest in crypto currencies that are in advanced and modern countries
and also now that the investment in many countries has grown a lot which makes them get freedom

But what kind of technology we need to invest on the bitcoin?

An android or a pc with internet connection will be enough for people to buy and sell cryptos.

So the analysis based on number of ATM is not going to be right.

Lets be real, US is one of advanced countries, people there have really high paychecks, monthly paychecks. I work entire year for almost nothing with what money will I buy some bitcoins and how much, but average american can take $100 and buy bitcoins, in my case its half of monthly salary, can we compare that.
In my town people still dont know how to use credit cards, what to say more, they dont know to use cash atm, about bitcoin atm they never heard. And this is story how to get some bitcoins, where to spend them is again similar story, in advanced countries you have where to spend bitcoins, in my town you dont have a single place to even talk about it.

I don't think anyone here spending their bitcoins all they just want to trade it and make money from it because even most developed countries don't have much places to spend the bitcoin.ATM is just like an exchange so people from the remote areas might convert it electronically.

[jabrix]

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.

Infrasructure communication in developed countries has been very smooth so that the speed of the internet has been very supportive for the use of bitcoin, in contrast to developing countries where internet speed is very alarming.
Besides that the level of education of the people is already high so that bitcoin transactions that use android devices or computers are not an obstacle.
The last is that their capital ownership has been established so that when running a bitcoin transaction there is no mental pressure.

[usorin]

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.

Related to the topic, i guess the people in from the developed countries don't have the same problems like corruption, food, clean water and so on. Perhaps Bitcoin is the chance for all of us to be more developed, intelligent and civilised.