Why most bitcoin users from good economies countries?

[blockchainwriters]

developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently

[terrong]

because countries with low economies have a very low level of knowledge, we all know that the usage of bitcoin will not be easy for them so it is very natural if most users of bitcoin come from countries with good economics and certainly that has a high level of knowledge

[wxa7115]

because countries with low economies have a very low level of knowledge, we all know that the usage of bitcoin will not be easy for them so it is very natural if most users of bitcoin come from countries with good economics and certainly that has a high level of knowledge

That is without a doubt a factor but it does not tell the whole story, people from well developed economies earn a lot more money and so they have more money to spare and invest in different things, while a person in a poor country even if it saves most of his money his purchasing power is a lot less, so when both of these persons decide they want to buy bitcoin the one that is living in a developed country can afford to buy a lot more of the cryptocurrency.

So even if the amount of people in both of those countries that invest in cryptocurrencies are the same those in the developed countries can buy a lot more cryptocurrencies.

[Vishnu.Reang]

These are the reasons that I could think about:

1. Better computer knowledge and awareness about cryptos
2. Availability of funds to make high-risk invetsment
3. Better clarity on the legal status of crypto
4. Ease of purchasing or selling crypto
5. Availability of exchanges or ATMs

[logicgate]

developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently

  Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it.

[calya]

developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently

  Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it.

internet infrastructure help them alot for accesing in cryptocurrency.they have more resources if compared with developed countries.and also their knowledge on step a head.

[andriarto]

developed economies and their financial model of handling the technology support the bitcoin and other support cryptocurrencies to grow independently

  Yes you are right but another reason is having strong internet connection, because those who are well developed has wide internet access in all areas so people can make researches about bitcoin and it increase their interest about it, so when they will search it will make them invest and earn money same like other thousands of people who are earning and become rich so that’s the main cause behind it.

internet infrastructure help them alot for accesing in cryptocurrency.they have more resources if compared with developed countries.and also their knowledge on step a head.

indeed, supporting facilities will also support the community to conduct research on bitcoin. moreover the government also facilitates its development. besides that with the opportunity to earn money here, many people are interested in investing

[Febo]

Why most bitcoin users from good economies countries?

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.

They are educated. Also more are online. And they have easier access to Bitcoin.

But Bitcoin ATMs are not measure of Bitcoin adoption. There are some countries with a lot of Bitcoin users and have zero Bitcoin ATMs. Regulations there just had not kicked in.

[Ipwich]

They are educated. Also more are online. And they have easier access to Bitcoin.

But Bitcoin ATMs are not measure of Bitcoin adoption. There are some countries with a lot of Bitcoin users and have zero Bitcoin ATMs. Regulations there just had not kicked in.

People within the countries with good economy have the liberty to invest, they don't experience poverty so their savings could be going to investments like crypto. Most of the users of crypto are investors, that's the reality, we are in the early phase so this opportunity is seen for people who think digital currency is going to be the future of money, and crypto stands a chance to succeed due to its unique feature of decentralization.

[moynul2050]

the population in the majority of poor countries will think more about finding money to just eat, very rarely do they think of investing because of the limited capital they have.

[finaleshot2016]

Not all, because I can say that our economic rate now is very low and have a crisis in many things but still use bitcoin. Bitcoin is already part of our life and some of the company are already adapted to the use of bitcoin in my country. If that's the case, our economic rate was good at different factor?

the population in the majority of poor countries will think more about finding money to just eat, very rarely do they think of investing because of the limited capital they have.

Agree but the question was about "users" not investors so I think even poor countries can have access and use bitcoin as payment. We always use bitcoin because we get it from bounties and trading but our country is still not good at handling the economy.

[AjithBtc]

Why most bitcoin users from good economies countries?

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.

They are educated. Also more are online. And they have easier access to Bitcoin.

But Bitcoin ATMs are not measure of Bitcoin adoption. There are some countries with a lot of Bitcoin users and have zero Bitcoin ATMs. Regulations there just had not kicked in.

Most of the countries mentioned were economically grown as well has majority of the population already adoptive to technology related growth. To my understanding people from these countries have got used to card and other forms of payments long back itself. So it is easy for them to move to the next level of adoption in the financial ecosystem.

[alyssa85]

internet infrastructure help them alot for accesing in cryptocurrency.they have more resources if compared with developed countries.and also their knowledge on step a head.

Infrastructure is indeed key. For example there is quite a bit of crypto adoption in Kenya - but that's because they have a good mobile phone network and coverage, and the Mpesa wallet system that allow storage of crypto as well as tradable mobile phone credits. Whereas in sub-suharan africa, there is very low internet coverage, very poor mobile phone coverage, and they simply don't use electronic means of payment at all, it's all cash.

[Opnsrc]

Because Bitcoin is advanced technology and countries with good development are very suitable for him. I’m generally surprised that there are so many crypto users in the US. Although the government is so strictly in cryptocurrency.

People there have "free" money to invest it in the cryptocurrency. Even if they cryptos dump, they will not lose much as they do not spend for BTC and alts everything they have like guys in other countries.

[logicgate]

the population in the majority of poor countries will think more about finding money to just eat, very rarely do they think of investing because of the limited capital they have.

  Yes maybe this is the reason but mate now price is not very high so poor people can also adopt it and invest it this is the beauty of bitcoin that it gives equally chance to high society people to buy and low society people to buy at red, so I am not agree, meanwhile I can say that lack of internet access could be the reason behind it.

[desticy]

I don’t think that the number of ATMs in a particular country is an indicator, there are countries in which there are almost no Bitcoin ATMs, however they have a large number of Binkoins in the hands of the population.

[ringgo96]

Because investment in bitcoin is stigmatized by people is big capital and the average economic progress in the country is good in the community and also an understanding of investment has also been known by many. different from a country that is still not so advanced or developing it will be a little difficult in terms of explanation.

[bitbollo]

I think this is related also to a cultural concept.

E.g. ONEcoin Scam was really hyped by people from poor country.
How can some one spend a lot of time, effort and resources, without receive a sure profit?
it's really hard, even if you don't have enough resources and lack of economic education.
Otherwise Onecoin was advertised as "be rich" scheme and we all know what is the results of these type of project

[noormcs5]

I think this is related also to a cultural concept.

E.g. ONEcoin Scam was really hyped by people from poor country.
How can some one spend a lot of time, effort and resources, without receive a sure profit?
it's really hard, even if you don't have enough resources and lack of economic education.
Otherwise Onecoin was advertised as "be rich" scheme and we all know what is the results of these type of project

Poor country does not mean that the people living there are out of their mind. They should use their mind and should the difference between real crypto coins and the scam coins like OneCoin etc. I have seen people claim onecoin to the next bitcoin. How can anyone compare bitcoin and onecoin.
Its just show that people are fooled because they are always attracted towards become quick rich schemes and then cry afterwards.

[Best Dreams]

I think one of the reason is if someone does the crypto transaction, there are no taxes and the transaction was very clear. There are no Intermediate customers. Thinks!

Well use of crypto currency is not affected by the transaction fees ever, in well developed and high economical state countries are using crypto is because they have that internet connection and they have more facilities, they have more ideas to use and to promote crypto currency in their country, so this is the only reason for bitcoin high growth in well developed countries the most.